How does a country decide to adopt a specific set of accounting standards? An analysis of Mexico's transition to International Financial Reporting StandardsShow full item record
Title | How does a country decide to adopt a specific set of accounting standards? An analysis of Mexico's transition to International Financial Reporting Standards |
---|---|
Author | Lewing, Maddy |
Date | 2018 |
Abstract | This paper first defines financial reporting and gives examples of popular accounting standards, such as United States Generally Accepted Accounting Standards and International Financial Reporting Standards. Then the paper analyzes why a country would choose a certain set of standards and which factors about that country are important when determining which set of standards to implement. There are five factors that I hypothesize are important in a country's decision to implement a certain set of accounting standards: the country's culture, economy, trade agreements, political state, and colonial history. Finally, Mexico is used as an example to test this hypothesis. Mexico implemented International Financial Reporting Standards when many people would have assumed they would implement United States Generally Accepted Accounting Standards. But specific characteristics about their culture, economy, trade agreements, political state, and colonial history led them to choose International Financial Reporting Standards. |
Link | https://repository.tcu.edu/handle/116099117/24815 |
Department | Accounting |
Advisor | Pfeiffer, Ray |
Additional Date(s) | 2018-12-18 |
Files in this item
This item appears in the following Collection(s)
- Undergraduate Honors Papers [1463]
Related items
Showing a few items related by title, author, creator and subject.
-
A Comparison Of Chinese Accounting Standards And International Financial Reporting Standards
Chen, Siqi (2015)Twenty-five years ago, the Chinese accounting system was not like it is today. Globally recognized international accounting standards did not exist and, understanding there were problems with financial reporting in China, ... -
Convergence of accounting standards: New PRC GAAP and its impact on financial reporting quality in the People's Republic of China
Yang, Yajing (2013)The purpose of the research is to examine how convergence of Chinese accounting standards with international accounting standards affects financial reporting quality. In this paper, I analyzed the special business environment ... -
International Financial Reporting Standards Implementation In The United Kingdom, Italy, And Ireland: The Role Of Differential Country Attributes
Neuberger, Katie (2014)International Financial Reporting Standards are designed to create a common global language for business transactions so businesses can compare financial information more easily. This study examines three countries, the ...
© TCU Library 2015 | Contact Special Collections |
HTML Sitemap