Philippine E-Journals

International Accounting: A User Perspective

* Lasmin

 

Abstract:

It is fascinating to see how scholars` perspectives on international accounting are often imbalanced. Some overemphasize the importance of certain international accounting bodies; whereas others focus excessively on accounting development in certain developed economy. In their hands, accounting classification and harmonization are crafted to support narrow and fragmented notions. In fact, this could not be called “international accounting”, but is merely the practice of converting accounting texts to naked campaigns for accounting standards-setting bodies and multinational firms. In addition, they often flood a single textbook with too much detailed information; as well as compare the application of international accounting of too many countries and firms, thus discouraging students and other users of financial statements from comprehending this discipline.