Contextual issues of the convergence of International Financial Reporting Standards: The case of Germany

The objective of this paper, using Germany as a case study, is to show that accounting as the language of business is deeply embedded in a country's social, political and economic environment and that these contextual factors cannot be ignored in the process of convergence. Specifically, by inv...

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Bibliographic Details
Published in:Advances in accounting 2010-06, Vol.26 (1), p.108-116
Main Authors: Hellmann, Andreas, Perera, Hector, Patel, Chris
Format: Article
Language:English
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Summary:The objective of this paper, using Germany as a case study, is to show that accounting as the language of business is deeply embedded in a country's social, political and economic environment and that these contextual factors cannot be ignored in the process of convergence. Specifically, by invoking the accounting ecology framework and interviewing selected stakeholders, this study critically examines the unique features of accounting in Germany and raises issues related to the adoption of IFRS. The findings of this study provide evidence of the importance of considering the contextual influences in successful adoption of IFRS in a country.
ISSN:0882-6110
2590-1699
DOI:10.1016/j.adiac.2010.02.002