The handbook of international accounting and finance

Offer expires June 30, Browse Titles. DOI: Hardcover: Available. E-Book: Multi-User License. OnDemand: Individual Chapters. Search this Book: Reset. The peer review process is the driving force behind all IGI Global books and journals. One general observation is that it is seldom clear from the text whether it refers to individual accounts or group accounts. I assume that the authors normally intend to refer to group accounts, since individual accounts are not published in the U.

In Europe, however, one needs to be more careful, as the individual accounts are just as common and because the accounting principles used in the individual i. In the chapter there is a reference to deferred tax accounting in different countries.

It is true that, in Swedish individual accounts, deferred tax accounting is not allowed. However, there is a Swedish standard that prescribes comprehensive deferred tax accounting for group accounts. In the U. Therefore, it is difficult to find this particular comment made by the authors especially helpful. I would have thought that deferred tax accounting would be one of the first topics to be discussed in a text on international accounting.

It was included in the first edition but, for some reason, was taken out. Another area where I was surprised not to find more guidance relates to merger account- ing, or the application of the pooling of interests method.

I was asked a few weeks ago whether a planned merger could be accounted for by the pooling of interests method in the U. What the Handbook says is that the U. Once again, such a statement is not very help- ful, especially as the method certainly is not expressly disallowed in other countries, like Sweden, for example. I think it would have been more informative to describe the rules for the pooling of interests method in IAS 22 and in the 7th E. Directive and then explain which countries normally apply these rules.

The preface gives as examples comparisons of cross-national performance statistics by analysts and communication between a North American financial executive and German investors or a Vietnamese supplier. A reader may get the impression that the intention is to explain in some detail the different accounting languages around the world to enable the analyst or the financial executive to make cross-national comparisons.

It is, however, obvious that this has not been the objective. The Handbook is much more general and there is no sys- tematic discussion of what distinguishes, for example, German from British accounting. I am therefore skeptical that the Handbook meets its objective of being a practical reference book.

I would refer to it as a book of readings. As such, it is certainly worth consulting. Mueller, Helen Gernon and Gary K. Meek, fourth edition, Richard D. Most books on international accounting are written for readers who already have a fairly extensive knowledge of accounting, usually at least through the intermediate level. As a result, the books tend to assume a level of technical accounting knowledge that puts them out of reach of non-accountants, be they students or practicing managers.

Most intema- tional accounting books also are quite lengthy and are intended as stand-alone books in 3- credit hour courses. In contrast, this book conveys the diversity of international accounting standards and practice to an audience that has little technical knowledge of accounting. The stated objec-.

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