Many companies in USA and Western Europe are taking advantage of developments in information technology and outsourcing parts of the accounting process to vendors in other parts of the world. Offshore outsourcing of accounting presents some unique risks, control problems and challenges. In this...

Accounting profession has had a bad reputation in many countries for years. This might come from misinformation or misperception. This has been well studied around the world recently. The studies realized in the last decade mainly have been on the understanding and analyzing the opinions and/or...

This technical note and manual (TNM) explains what accrual accounting means for the public sector and discusses current trends in moving from cash to accrual accounting. It outlines factors governments should consider in preparing for the move and sequencing of the transition. The note...

It is well known that the great Railway Mania in Britain in the1840s had a great impact on accounting. This paper contributes a description and analysis of the events that led to this revolution, and of the key role played by Robert Lucas Nash in those events. He was a pioneer in accounting and...

Since the last overhaul and amendment in 1984, Hong Kong's Companies Ordinance has not been substantially reviewed for over 23 years. After similar reviews having been taken in other countries, the Government launched a comprehensive review and rewrite of the Companies Ordinance in mid-2006...

This is the first of five chapters from the book 'Forging Accounting Principles in Five Countries: A History and an Analysis of Trends'.You can view the foreword and preface of the book, table of contents, and the other chapters:Foreword/Preface/Table of...