臺灣博碩士論文加值系統

採納IFRS在俄羅斯

This paper explores the adoption process of international financial reporting standards in Russian Federation, its effect on accounting system and stock market. We present current situation of current RAS (Russian Accounting Standards), legislation and institutional framework in progress and compare RAS with IFRS. The results include substantial differences between RAS and IFRS in terms of principles and operating procedures, set of proposals for solving adoption problems. This research states that there are several advantages of IFRS such as foreign investment and increased cost of local companies for both domestic and foreign investors, as well as there are some disadvantages of IFRS adoption such as higher reporting costs. Also bid-ask spread analysis is employed to prove that IFRS adoption can actually reduce information asymmetry and make cost of borrowing for the companies less expensive.

TABLE OF CONTENTS
1. Introduction……………………………………1
2. Literature Review…………………………3
3. Methodology………………………………14
4. Results…………………………………………16
4.1 Economy overlook……………………………16
4.2 The origins of RAS…………………………17
4.3 RAS and IFRS: the key differences………19
4.4 Imperial analysis based on Bid-ask spread……25
5. Conclusion……………………………………27
References..........................29

Borker David, 2012, Accounting, Culture and Emerging Economies: IFRS in Central and Eastern Europe, International Business & Economics Research Journal – September 2012 Volume 11, Number 9

Borker David, 2012, Accounting, Culture and Emerging Economies: IFRS in The BRIC Countries, Journal of Business & Economics Research – May 2012 Volume 10, Number 5

Borker David, 2012, Stepped-Up Progress On IFRS In Russia: History In The Making, International Business & Economics Research Journal – February 2012 Volume 11, Number 2

Cai Francis, Wong Hannah, 2010, The Effect Of IFRS Adoption
On Global Market Integration, International Business & Economics Research Journal – October 2010 Volume 9, Number 10

Callao Susana, Jose I. Jarne, Jose A. Larnez, Jose, 2005, Adoption of IFRS in Spain: Effect on the comparability and relevance of financial reporting, Journal of International Accounting, Auditing and Taxation, 16 (2007) 148–178

Daske Holder, Luzi Hail, Leuz Christian, Verdi Rodrigo, 2007, Adopting a Label:
Heterogeneity in the Economic Consequences of IFRS Adoptions, The Initiative on Global Markets, Vol. 5

Ernest & Young, 2009, IFRS, US GAAP and RAP: comparison and basics

Gassen Joachim, Sellhorn Thorsten, 2005, Applying IFRS in Germany – Determinants and Consequences, Betriebswirtschaftliche Forschung und Praxis, 58 (4), 2006

KPMG, 2005, IFRS compared to Russian GAAP: an overview

Leuz Christian, Robert E. Verrechia, 2004, Firms' Capital Allocation Choices,
Information Quality, and the Cost of Capital, The Rodney L. White Center for Financial Research

Leuz Christian, Robert E. Verrecchia, 2000, The Economic Consequences of Increased Disclosure, Journal of Accounting Research Vol. 38

Leuz Christian, 2002, IAS Versus U.S. GAAP: Information Asymmetry – Based Evidence from Germany’s New Market, Journal of Accounting Research Vol. 41, No 3

Sucher Pat, Jindrichovska Irena, 2004, Implementing IFRS: A Case Study of the Czech Republic, Accounting in Europe, Vol. 1, 2004