Specific features of Islamic accounting and cultural paradigm

The objective of this paper is to provide a synopsis of Islamic accounting characteristics as well as to identify some of the determinants which led to its specificity. It explores several aspects related to the Islamic accounting principles and its institutional framework. The cultural paradigm is viewed as a differentiating key factor in the elaboration and implementation of the accounting standards in the Islamic Word. Based on Hofstede approach, the elements of this paradigm are linked to the relative preference for IFRS adoption of different Islamic countries. From the proposed analysis, it emerges the image of Islamic Accounting’s complex nature, which may be seen as a distinct alternative to the principles and views promoted by IFRS

A perspective on the recent developments in international financial reporting

The objective of the present paper is to provide a synopsis of the recent international financial reporting developments as well as to identify some of the related worldwide implications. The unprecedented joint activity of the International Accounting Standards Board (IASB) and US Financial Accounting Standards Board (FASB) has caused, in the last decade, a series of debates on whether or not International Financial Reporting Standards (IFRSs) represent what is best of the international accounting practices. The adoption of these IFRSs by more than one hundred jurisdictions around the world is probably one of the most important recent changes in financial information environment. In this context it is imperative to examine the position of the United States of America and European Union in relation to the endorsement of these standards, in order to differentiate the institutional decisions able to influence greatly the adoption process. Moreover, this paper explores several aspects connected to the changes in IASB’s conceptual framework and in the main accounting standards. From the proposed analysis, it emerges the image of IASB’s standards complex nature and the role played by these recent developments in reshaping the future of accounting

A perspective on the recent developments in international financial reporting

The objective of the present paper is to provide a synopsis of the recent international financial reporting developments as well as to identify some of the related worldwide implications. The unprecedented joint activity of the International Accounting Standards Board (IASB) and US Financial Accounting Standards Board (FASB) has caused, in the last decade, a series of debates on whether or not International Financial Reporting Standards (IFRSs) represent what is best of the international accounting practices. The adoption of these IFRSs by more than one hundred jurisdictions around the world is probably one of the most important recent changes in financial information environment. In this context it is imperative to examine the position of the United States of America and European Union in relation to the endorsement of these standards, in order to differentiate the institutional decisions able to influence greatly the adoption process. Moreover, this paper explores several aspects connected to the changes in IASB’s conceptual framework and in the main accounting standards. From the proposed analysis, it emerges the image of IASB’s standards complex nature and the role played by these recent developments in reshaping the future of accounting

Specific features of Islamic accounting and cultural paradigm

The objective of this paper is to provide a synopsis of Islamic accounting characteristics as well as to identify some of the determinants which led to its specificity. It explores several aspects related to the Islamic accounting principles and its institutional framework. The cultural paradigm is viewed as a differentiating key factor in the elaboration and implementation of the accounting standards in the Islamic Word. Based on Hofstede approach, the elements of this paradigm are linked to the relative preference for IFRS adoption of different Islamic countries. From the proposed analysis, it emerges the image of Islamic Accounting’s complex nature, which may be seen as a distinct alternative to the principles and views promoted by IFRS

INVESTIŢIILE FINANCIARE ÎN ECONOMIILE EMERGENTE

Financial Investments in Emerging MarketsThe objective of the present paper is to provide a synopsis of the recent evolutions in theforeign investments in emerging economies. Several institutional and functionaldeterminants of foreign capital and direct investments are highlighted and somecomparative advantages and risks associated with these investments are analyzed. The mainoutcome of the study consists in the thesis according to which the emerging economiesneed to improve their overall economic and social performances in order to atract and tobenefit from more stable inflows of foreign capital