 The Impact of Mandatory Accounting Standards on the Harmonization of Accounting PracticesK M Jagannath and K Nanjegowda The IUP Journal of Accounting Research and Audit Practices, 2008, vol. VII, issue 1, 7-23 Abstract: This paper aims to examine the diversity in the treatment of accounting measurement practices and the impact of mandatory accounting standards by quantifying the harmonization level in the selected sample of listed manufacturing companies in India. Nine measurement issues of the actual accounting measurement practices of 104 companies for the three years, 1997, 2004 and 2006, disclosed in their annual report, were collated and index values for the frequencies of the method that they had adopted were calculated by using Van der Tas's (1988) Herfindahl index method. Four independent variables-age, performance, size and operation status-of the companies were analyzed with these indices to know if they are related to the harmonization level. The study reveals that there are significant differences in the measurement practices adopted by the companies; mandatory accounting standards have increased the harmonization level in India; and there is a positive relation among the company's age, performance, size and sector status and harmonization level. It also highlights that there was an increasing trend in the harmonization level, which stood at 24.09 % in 1997, followed by 43.57% in 2004 and 49.59% in 2006. Date: 2008 There are no downloads for this item, see the EconPapers FAQ for hints about obtaining it. Related works: Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text Persistent link: https://EconPapers.repec.org/RePEc:icf:icfjar:v:07:y:2008:i:1:p:7-23 Access Statistics for this article More articles in The IUP Journal of Accounting Research and Audit Practices from IUP Publications |
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