The process of classification is central to the daily task of doctors and librarians; and it is the foundation of study and research in chemistry and biology. Double-entry bookkeeping and the preparation of financial statements are classification activities of accounting practice. Classifying...

Accounting for extractive costs is the last major issue to remain largely unregulated by IFRS. This is despite the fact that extractive firms are an important part of several big stock markets. Under a temporary permissive standard (IFRS 6), which has been in place since 2004, firms use a wide...

In this study we analyse the determinants and consequences of dropping IFRS. Most Swiss firms listed on the SIX Swiss Exchange and most Chinese firms listed in Hong Kong (H Share companies) use IFRS, but a significant number of these firms have recently opted to drop IFRS. We first analyse the...