The transitional situation of accounting in the European Union, assuming that an international approach exists, involves highly significant changes in Spain’s legislation on companies and accounting. In fact, reforms have been drawn up that affect accounting aspects of the Code of Commerce and...

The Spanish commercial reform imposses the duty to submit the consolidated annual accounts to the prevailing company of the group identified by control relationships.This criterion is different from the unique direction used so far and removes the duty of consolidation from the coordination...

The pace of Russian accounting reform towards international accounting standards has been a disappointment to many. Twentieth-century Russian history can help to provide some explanation for this slow pace. The corruption and deception of the Communist era has not given post-Communist Russia a...

This paper investigates the impact of the mandatory IFRS adoption on the value relevance of earnings on the Bucharest Stock Exchange, at a time when the EU did not have an official position regarding IFRS. Findings suggest that the implementation of IFRS has increased the contemporaneous...

Based on governmental accounting experiences and on the rising criticism considering accrual accounting, this paper aims at proposing that accrual accounting in governments will only succeed in the coming years in businesslike (parts of) governments. This proposition mainly leans on the...