IFRS in a Global World

1. Front Matter

   Pages i-lviii

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2. Interview of Jacques Richard: The Accounting Geographer

   • Didier Bensadon, Nicolas Praquin

   Pages 1-13

3. Critical Issues in International Accounting

   1. Front Matter

      Pages 15-15

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   2. Accounting and Economic Systems: A Tribute to the Work of Jacques Richard

      • Charles Richard Baker

      Pages 17-27

   3. Frère Jacques and IFRS: Sonnez les Matines?

      • David Alexander

      Pages 29-40

   4. An Institutional Theory Perspective on Accounting Evolution: Rulemakers’ Belief and Empirical Evidence

      • Hideki Fujii

      Pages 41-56

   5. Financial Reporting and Fair Value: Where Do We Stand?

      • Jean-François Casta, Olivier Ramond

      Pages 57-70

   6. How IFRS Contribute to the Financialization of Capitalism

      • Eve Chiapello

      Pages 71-84

   7. Fair Value and Discounted Cash Flows: Value Creation or Sense Destruction?

      • Véronique Blum

      Pages 85-99

   8. IFRS and the Works Council in France

      • Pierre Ferracci

      Pages 101-114

   9. The IASB and the Market “Communion”

      • Nihel Chabrak

      Pages 115-129

   10. The Accounting Representation of the Enterprise Entity: An Historical Perspective

       • Yuri Biondi

       Pages 131-140

   11. Calculation of Environmentally Sustainable Residual Income (eSRI) from IFRS Financial Statements: An Extension of Richard (2012)

       • Paul James Brown

       Pages 141-157

   12. In Search of the Purpose of Accounting Representation

       • François Pasqualini

       Pages 159-169

4. National or Regional Implementation of the IFRS: Challenges and Prospects

   1. Front Matter

      Pages 171-171

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   2. Brazil. IFRS Convergence and the Role of Accounting Education: The Brazilian Case

      • Edgard Cornacchione, Fernando Dal-Ri Múrcia

      Pages 173-186

   3. Russia. Can IFRS Be Considered Accounting?

      • Viatcheslav Sokolov

      Pages 187-200

   4. India. Convergence of International Financial Reporting Standards: An Analysis of Issues in Developed and Developing Economies

      • Himachalam Dasaraju, Mutyala Subramanyam

      Pages 201-216

   5. China. The Role of the Government and Academics in the IFRS Convergence Process of Chinese Accounting Standards

      • Xiaorui Wang

      Pages 217-229

   6. Canada. IFRS in Canada: Game Changer or Neutral Mutation?

      • Denis Cormier, Michel Magnan

      Pages 231-246

This book, dedicated to Prof. Jacques Richard, is about the economic, political, social and even environmental consequences of setting accounting standards, with emphasis on those that are alleged to be precipitated by the adoption and implementation of IFRS. The authors offer their reasoned critiques of the effectiveness of IFRS in promoting genuine global comparability of financial reporting. The editors of this collection have invited authors from 17 countries, so that a great variety of accounting, auditing and regulatory cultures, and educational perspectives, is amply on display in their essays.

• Dynamic accounting
• Environmentally Sustainable Residual Income
• Globalization
• IFRS
• International Accounting Standards
• Work councils

“The book is a volume honoring the career, contribution, and legacy of a distinguished French academic upon his retirement. … The chapters included in the volume are therefore an homage to the work of Jacques Richard, over time and across space. Potential readers include doctoral students, researchers in emerging and advanced economies, as well as representatives of accounting regulators, standard setters, and professional bodies interested in understanding the context and consequences of IFRS application worldwide.” (Cătălin Albu, The International Journal of Accounting, Vol. 52, 2017)

• Paris-Dauphine University, Paris cedex 16, France

  Didier Bensadon

• Paris-Sud University, Sceaux, France

  Nicolas Praquin

Didier Bensadon is an associate professor of financial accounting at Paris-Dauphine university. His research deals with the dissemination of accounting pratices and theories in an historical approach. He is the co-author with Jacques Richard of “Financial Accounting: IFRS versus French Gaap”, Dunod, 10th edition, 784 pages. 

Nicolas Praquin is a full professor of financial accounting at Paris-Sud University. His research deals with the way in which accounting structures organisations and society as a whole. Accounting has to be understood in its broader sense – that of accountability – as encompassing accounting techniques, management tools that rely on figures, and organisational governance of accounting institutions (the IASB, etc.).

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