Effects and Implications of Kazakhstan's Adoption of International Financial Reporting Standards

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Publisher : Columbia University Press
ISBN 13 : 383826987X
Total Pages : 95 pages
Book Rating : 4.8/5 (382 download)

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Book Synopsis Effects and Implications of Kazakhstan's Adoption of International Financial Reporting Standards by : Oksana Kim

Download or read book Effects and Implications of Kazakhstan's Adoption of International Financial Reporting Standards written by Oksana Kim and published by Columbia University Press. This book was released on 2017-02-21 with total page 95 pages. Available in PDF, EPUB and Kindle. Book excerpt: ?Despite having an underdeveloped supporting infrastructure and limited resources, Kazakhstan was the first CIS country to require international financial reporting standards in 2004 for banks, and in 2005 for all public companies. What were the economic consequences of this important reform? In the 1990s, Kazakhstan’s capital market reforms mirrored those of Russia due to the two countries’ cooperating mode driven by a high level of resource interdependence and environmental uncertainty, following the collapse of the Soviet Union. Yet, by 2003, dependence on external donors (the IMF, World Bank) took precedence over interdependence with Russia. As a result, Kazakhstan unilaterally proceeded with adoption of IFRS, while Russia backed up from this initiative. This study reports that Kazakhstan’s inflow of foreign direct investments was the greatest among the CIS nations following the adoption of IFRS. In addition, in 2005–11, Kazakhstani public firms’ reporting quality was higher than that of the Russian public firms operating in a similar environment but exempt from the IFRS reporting requirement. Kazakhstan was the first CIS nation to repay its external debt ahead of schedule and to receive an investment grade from Moody’s rating agency. The book concludes that Western-style capital market reforms—in this emerging market with a not-so-distant communist past—had significantly positive outcomes.?

The Effects and Implications of Kazakhstan's Adoption of International Financial Reporting Standards

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Author :
Publisher : Ibidem Press
ISBN 13 : 9783838210377
Total Pages : 172 pages
Book Rating : 4.2/5 (13 download)

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Book Synopsis The Effects and Implications of Kazakhstan's Adoption of International Financial Reporting Standards by : Oksana Kim

Download or read book The Effects and Implications of Kazakhstan's Adoption of International Financial Reporting Standards written by Oksana Kim and published by Ibidem Press. This book was released on 2017-07-25 with total page 172 pages. Available in PDF, EPUB and Kindle. Book excerpt: ?Despite having an underdeveloped supporting infrastructure and limited resources, Kazakhstan was the first CIS country to require international financial reporting standards in 2004 for banks, and in 2005 for all public companies. What were the economic consequences of this important reform? In the 1990s, Kazakhstan's capital market reforms mirrored those of Russia due to the two countries' cooperating mode driven by a high level of resource interdependence and environmental uncertainty, following the collapse of the Soviet Union. Yet, by 2003, dependence on external donors (the IMF, World Bank) took precedence over interdependence with Russia. As a result, Kazakhstan unilaterally proceeded with adoption of IFRS, while Russia backed up from this initiative. This study reports that Kazakhstan's inflow of foreign direct investments was the greatest among the CIS nations following the adoption of IFRS. In addition, in 2005-11, Kazakhstani public firms' reporting quality was higher than that of the Russian public firms operating in a similar environment but exempt from the IFRS reporting requirement. Kazakhstan was the first CIS nation to repay its external debt ahead of schedule and to receive an investment grade from Moody's rating agency. The book concludes that Western-style capital market reforms--in this emerging market with a not-so-distant communist past--had significantly positive outcomes.?

Economic and Informational Consequences of Voluntary Adoption of International Financial Reporting Standards

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Publisher :
ISBN 13 :
Total Pages : 203 pages
Book Rating : 4.:/5 (298 download)

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Book Synopsis Economic and Informational Consequences of Voluntary Adoption of International Financial Reporting Standards by : Haina Shi

Download or read book Economic and Informational Consequences of Voluntary Adoption of International Financial Reporting Standards written by Haina Shi and published by . This book was released on 2008 with total page 203 pages. Available in PDF, EPUB and Kindle. Book excerpt:

The impact of mandatory adoption of international financial reporting standards on accounting quality, analysts' information environment and cost of capital in Latin America

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Publisher :
ISBN 13 :
Total Pages : 0 pages
Book Rating : 4.:/5 (14 download)

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Book Synopsis The impact of mandatory adoption of international financial reporting standards on accounting quality, analysts' information environment and cost of capital in Latin America by :

Download or read book The impact of mandatory adoption of international financial reporting standards on accounting quality, analysts' information environment and cost of capital in Latin America written by and published by . This book was released on 2017 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt:

The Adoption of International Financial Reporting Standards

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Publisher :
ISBN 13 :
Total Pages : pages
Book Rating : 4.:/5 (115 download)

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Book Synopsis The Adoption of International Financial Reporting Standards by : Christine Namitala

Download or read book The Adoption of International Financial Reporting Standards written by Christine Namitala and published by . This book was released on 2013 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt:

The Status and Reporting Effects of International Financial Reporting Standards Adoption Across the Globe

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Publisher :
ISBN 13 :
Total Pages : pages
Book Rating : 4.:/5 (1 download)

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Book Synopsis The Status and Reporting Effects of International Financial Reporting Standards Adoption Across the Globe by :

Download or read book The Status and Reporting Effects of International Financial Reporting Standards Adoption Across the Globe written by and published by . This book was released on 2017 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt:

Russia, the EU, and the Eastern Partnership

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Publisher : BoD – Books on Demand
ISBN 13 : 3838211340
Total Pages : 202 pages
Book Rating : 4.8/5 (382 download)

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Book Synopsis Russia, the EU, and the Eastern Partnership by : Vasile Rotaru

Download or read book Russia, the EU, and the Eastern Partnership written by Vasile Rotaru and published by BoD – Books on Demand. This book was released on 2018-07-31 with total page 202 pages. Available in PDF, EPUB and Kindle. Book excerpt: Even before the Ukrainian crisis, neither Russia nor the EU were content with their relationship. Despite economic interdependence, strategic partnership, official declarations of belonging culturally and historically to the same ‘European family’ and in spite of Russia’s stated interest in establishing an economic community stretching from Lisbon to Vladivostok, the two actors found it difficult to agree on important issues. The conflictual atmosphere between the EU and Russia has three main dimensions: the normative issue, energy relations, and the shared neighbourhood with the latter being particularly salient after the launch of the Eastern Partnership (EaP) in 2009. The former Soviet space is at the core of Russian foreign policy. Moscow’s special interest in this area results from economic factors, diaspora issues, and, most importantly, from its perceived security need. Obsessed by a fear of being encircled by enemies, Russia sees its hegemony over the former Soviet republics as paramount to the protection of its own borders. Therefore, the rapprochement of any other actor towards this region is regarded with high suspicion. Against this background, Vasile Rotaru analyzes EU-Russia relations with a particular emphasis on the impact of the EaP on Moscow’s relations with Brussels. He argues that the EaP represented a turning point in EU-Russia relations, determining Moscow to revise its attitude towards the Union. Rotaru explains that, even if the EaP was Brussels’ initiative, the Partnership met the aspirations of the six former Soviet republics. Moreover, despite its opposition towards the EU’s initiative, Russia itself acted involuntarily as a propeller of the EaP. By aiming to keep the former Soviet republics close, Moscow often conducts an assertive, aggressive policy in the ‘near abroad.’ This strategy, however, had mostly opposite effects, causing Russia’s neighbors to look elsewhere for support of their sovereignty. From this perspective, the rapprochement of Moldova, Belarus, Ukraine, and the three Caucasus republics with the EU has not been determined only by Brussels’ prosperity and soft-power attractiveness but also by existential fears in the former Soviet republics. The book appeals to a wide range of students, researchers, and professors specializing on Russia, the EU, and the former Soviet space in the fields of International Relations, Foreign Policy Analysis, and Security Studies as well as to think-tank analysts and policy makers.

International Financial Reporting Standards Implementation

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Publisher : Emerald Group Publishing
ISBN 13 : 1801174407
Total Pages : 440 pages
Book Rating : 4.8/5 (11 download)

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Book Synopsis International Financial Reporting Standards Implementation by : Mohammad Nurunnabi

Download or read book International Financial Reporting Standards Implementation written by Mohammad Nurunnabi and published by Emerald Group Publishing. This book was released on 2021-08-23 with total page 440 pages. Available in PDF, EPUB and Kindle. Book excerpt: Contributions to International Accounting aims to address a vital gap in research by focusing on providing relevant and timely studies on International Financial Reporting Standards implementation for local and international policymakers.

Economics and Political Implications of International Financial Reporting Standards

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Publisher : IGI Global
ISBN 13 : 1466698772
Total Pages : 434 pages
Book Rating : 4.4/5 (666 download)

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Book Synopsis Economics and Political Implications of International Financial Reporting Standards by : Uchenna, Efobi

Download or read book Economics and Political Implications of International Financial Reporting Standards written by Uchenna, Efobi and published by IGI Global. This book was released on 2016-03-08 with total page 434 pages. Available in PDF, EPUB and Kindle. Book excerpt: International Financial Reporting Standards (IFRS) are internationally-recognized financial reporting guidelines regulated by the International Accounting Standards Board (IASB) to ensure that uniformity exists in the global financial system. In addition to regulating financial reporting, the adoption of IRFS has been shown to impact the flow of foreign capital and trade. Economics and Political Implications of International Financial Reporting Standards focuses on the consequences and determinants of the adoption of the International Financial Reporting Standard (IFRS), which has remained a top issue in International Accounting. This timely publication brings to the forefront issues related to the political and economic influences and impacts of IFRS in addition to providing a platform for further research in this area. Policy makers, academics, researchers, graduate-level students, and professionals across the fields of management, economics, finance, international relations, and political science will find this publication pertinent to furthering their understanding of financial reporting at the global level.

The Impact of Mandatory Adoption of International Financial Reporting Standard on Accounting Quality in Nigeria

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Publisher :
ISBN 13 :
Total Pages : 91 pages
Book Rating : 4.:/5 (953 download)

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Book Synopsis The Impact of Mandatory Adoption of International Financial Reporting Standard on Accounting Quality in Nigeria by : Zaharaddeen Salisu Maigoshi

Download or read book The Impact of Mandatory Adoption of International Financial Reporting Standard on Accounting Quality in Nigeria written by Zaharaddeen Salisu Maigoshi and published by . This book was released on 2014 with total page 91 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Factors Affecting on the Adoption of International Financial Reporting Standards

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Publisher :
ISBN 13 :
Total Pages : 81 pages
Book Rating : 4.:/5 (953 download)

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Book Synopsis Factors Affecting on the Adoption of International Financial Reporting Standards by : Hazhar P. Sharif

Download or read book Factors Affecting on the Adoption of International Financial Reporting Standards written by Hazhar P. Sharif and published by . This book was released on 2010 with total page 81 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Achieving Global Convergence of Financial Reporting Standards

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Publisher : Emerald Group Publishing
ISBN 13 : 1780524439
Total Pages : 177 pages
Book Rating : 4.7/5 (85 download)

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Book Synopsis Achieving Global Convergence of Financial Reporting Standards by : Christopher Patel

Download or read book Achieving Global Convergence of Financial Reporting Standards written by Christopher Patel and published by Emerald Group Publishing. This book was released on 2011-12-15 with total page 177 pages. Available in PDF, EPUB and Kindle. Book excerpt: This research monograph examines whether International Financial Reporting Standards (IFRS) are interpreted and applied in a consistent manner within and across countries, and questions the implicit assumption that accounting convergence will automatically lead to comparability in financial reporting.

Islamic Accounting And Finance: A Handbook

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Publisher : World Scientific
ISBN 13 : 1800612435
Total Pages : 882 pages
Book Rating : 4.8/5 (6 download)

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Book Synopsis Islamic Accounting And Finance: A Handbook by : Khaled Hussainey

Download or read book Islamic Accounting And Finance: A Handbook written by Khaled Hussainey and published by World Scientific. This book was released on 2023-03-23 with total page 882 pages. Available in PDF, EPUB and Kindle. Book excerpt: Islamic finance is one of the fastest-growing sectors in international banking and finance. Owing to the increasing availability and ease of access to Islamic services, Islamic finance has become increasingly important not only in Muslim countries, but around the world, making it a global industry. Under the Gulf Cooperation Council (GCC) as well as in some regions, such as the Middle East and North Africa, a dual financial system is implemented, where Sharia-compliant products are marketed alongside conventional financial systems.In this thoroughly researched collection of chapters, researchers from around the world examine the role of Islamic finance in the economies and prospects of different companies. They discuss Islamic finance literature from both theoretical and empirical perspectives. The theoretical section of the book consists of conceptual chapters that enable readers to critically evaluate and expand their understanding of accounting and finance. The chapters in the empirical section of this handbook discuss and interpret empirical evidence to provide clear implications for practice, research, and society. This section bridges the gap between theory and practice and offers suggestions for future research. Islamic Accounting and Finance is geared towards scholars and students, but it is also of use to banking and finance practitioners.

Republic of Kazakhstan

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Publisher : International Monetary Fund
ISBN 13 : 1484376951
Total Pages : 34 pages
Book Rating : 4.4/5 (843 download)

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Book Synopsis Republic of Kazakhstan by : International Monetary Fund. Middle East and Central Asia Dept.

Download or read book Republic of Kazakhstan written by International Monetary Fund. Middle East and Central Asia Dept. and published by International Monetary Fund. This book was released on 2018-09-14 with total page 34 pages. Available in PDF, EPUB and Kindle. Book excerpt: This Selected Issues paper discusses fiscal risk assessment in Kazakhstan. Comprehensive analysis, management, and disclosure of fiscal risks help the credibility and sustainability of public finances and supports macro stability. Risk management practices are often incomplete, fragmented, and lacking quantitative analysis. This may result in an incomplete assessment of risks with adverse impacts on activity and public finances. A more comprehensive and integrated assessment of the potential effects of shocks on public finances, in the form of fiscal analysis and stress tests, helps strengthen central forecasts and understand implications for government liquidity, financing needs, and solvency. Kazakhstan has tools to mitigate some risks, but there is not a comprehensive framework to analyze and manage all fiscal risks. The analysis of fiscal risks should be presented in a single report or statement. Enhancing monitoring, management and reporting of fiscal risks would bring considerable benefits. Best practice recommends an integrated approach to fiscal risks. A deep analysis and full disclosure following a comprehensive, integrated approach with the aim of producing a detailed fiscal risk statement in line with international best practice should be a key objective for Kazakhstan.

The Effects of International Financial Reporting Standards

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Publisher :
ISBN 13 : 9781786355232
Total Pages : pages
Book Rating : 4.3/5 (552 download)

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Book Synopsis The Effects of International Financial Reporting Standards by : Judy Beckman

Download or read book The Effects of International Financial Reporting Standards written by Judy Beckman and published by . This book was released on 2016 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt:

The Value Relevance of Accounting Information in the UK, the Netherlands, Germany and France

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Publisher :
ISBN 13 :
Total Pages : pages
Book Rating : 4.:/5 (16 download)

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Book Synopsis The Value Relevance of Accounting Information in the UK, the Netherlands, Germany and France by : George S. Kontopoulos

Download or read book The Value Relevance of Accounting Information in the UK, the Netherlands, Germany and France written by George S. Kontopoulos and published by . This book was released on 2009 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt:

The Republic of Kazakhstan

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Author :
Publisher : International Monetary Fund
ISBN 13 : 1498311008
Total Pages : 95 pages
Book Rating : 4.4/5 (983 download)

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Book Synopsis The Republic of Kazakhstan by : International Monetary Fund. Middle East and Central Asia Dept.

Download or read book The Republic of Kazakhstan written by International Monetary Fund. Middle East and Central Asia Dept. and published by International Monetary Fund. This book was released on 2014-08-29 with total page 95 pages. Available in PDF, EPUB and Kindle. Book excerpt: This Financial System Stability Assessment highlights that the global financial crisis exposed serious bank vulnerabilities in Kazakhstan. The authorities successfully contained the ensuing systemic crisis, however, left unaddressed important weaknesses that continue to linger. The government has nationalized three of the largest banks and restructured their external obligations, thus preventing a collapse of the banking system. The banks’ solvency situation is adequate but somewhat fragile as a result of legacy problems. A faster transition to risk-based oversight is needed. The relative vulnerability of banks to shocks warrants increased emphasis on risk. This can be achieved through the adoption of more advanced risk-assessment tools and a more extensive use of stress test results for risk analysis. The financial safety net and resolution framework were upgraded during the crisis but need further adjustments. The government amended the resolution framework in 2009 to incorporate several desirable features such as restructuring, purchase and assumption, and bridge bank. However, during the crisis it bypassed the use of sequential crisis management tools and nationalized banks and restructured their external liabilities. The resolution framework suffers from the absence of special authority and requires the approval of depositors and creditors. Adjustments to the Emergency Liquidity Assistance framework are needed to limit its availability to solvent institutions.