This study attempts to compare and highlight the major differences between International Accounting Standards (IAS) and International Financial Reporting Standards (IFRS) with National Accounting Standards (NAS) in one of the developing nations, Iran. Over the past two decades, the Iranian accounting standards setter, Audit Organization, has decided to eliminate the differences between IFRS and...

In this paper principles for accounting in supply chains will be developed. The three principles we introduce are: the reciprocity in information access, asset investment and retrieval, and matching risks and returns. The principles provide guidance in managerial and stakeholder decision making, monitoring and control. The information that management and other stakeholders need is based on thes...

This paper integrates prior studies of accounting policy choice and lobbying activities by testing the empirical implications of Becker’s (1983) theory of competition among pressure groups for political influence over the determination of accounting standards. The theory is applied to explain the nature and outcome of conflict among pressure groups representing financial intermediaries (supplie...

The purpose of accounting is to gather financial data of a business or entity, to interpret this data and to report the results in financial statements to the different users thereof. The interpretation of financial data is regulated by financial accounting standards including a conceptual framework that were developed to facilitate the reporting of financial information of entities. Due to the...

National standardsetters and other observers continue to express concerns over a principles-based developed IFRS taxonomy. Based on the comments as part of consultation phase taxonomy due process worries exist that combine with standard might negatively impact nature standards. Recent IASB “IFRS Taxonomy Due Process” contain more arguments why accounting are perceived conceptual conflict. Altho...