Open this publication in new window or tab >>2016 (English)In: Extending the Business Network Approach: New Territories, New Technologies, New Terms / [ed] Peter Thilenius, Cecilia Pahlberg, Virpi Havila, Basingstoke: Palgrave Macmillan, 2016, p. 283-300Chapter in book (Refereed)
Abstract [en]
The world of accounting saw a revolutionary change in 2005 when the 2002 EUs decision to adopt International Financial Reporting Standards (IFRS) for quoted companies was implemented. Organisations in the financial sector were especially affected by the new principles-based accounting regime, which saw historical cost accounting downplayed in favour of a market-based valuation philosophy (i.e., fair values). Today, it is evident that IFRS, together with other kinds of regulations, both internationally and nationally, has made both the interpretation and implementation of accounting standards more difficult (for an overview, see Nilsson and Stockenstrand 2015).
Place, publisher, year, edition, pages
Basingstoke: Palgrave Macmillan, 2016
National Category
Business Administration
Identifiers
urn:nbn:se:miun:diva-37007 (URN)10.1057/978-1-137-53765-2_16 (DOI)2-s2.0-84978350414 (Scopus ID)9781137537652 (ISBN)9781137537638 (ISBN)
2016-12-192019-09-022025-09-25Bibliographically approved