So I am relieved to say that the Reserve Bank has no role in developing or enforcing accounting standards, though we do of course have to produce our own accounts consistent with the relevant standards. It may interest you to know in this context that the Reserve Bank has itself made the change to IFRS, and will present its 2005/06 accounts on this basis in the Annual Report later this year, ju...

*Correspondence: [email protected] School of Mathematics and Statistics, Beihua University, Jilin, China Abstract In this paper, we consider a stochastic SIR epidemic model with regime switching. The Markov semigroup theory will be employed to obtain the existence of a unique stable stationary distribution. We prove that, ifRs < 0, the disease becomes extinct exponentially; whereas ifRs > 0 and β...

Article history: Received 2 February 2007 Received in revised form 22 October 2008 Accepted 23 October 2008 XBRL is a language based on XML for the electronic communication of business information. It is designed to improve the exchange, aggregation and analysis of corporate data requiring disclosure, through a unique tagging structure that provides interoperability. But, the proliferation of a...

250 words) We examine (1) whether analysts’ forecast accuracy and the extent to which they disagree have declined since the mandatory adoption of International Financial Reporting Standards (IFRS) in the European Union (EU) in 2005, and (2) whether differences between countries in their enforcement of accounting standards are a contributing factor. Based on a sample of 40,123 firm-month observa...

We study the effect of the mandatory adoption of IFRS in Europe in 2005 on conditional conservatism. To capture conditional conservatism, we use three measures: the Basu (1997) measure, the Khan and Watts (2009) measure, and a measure controlling for potential shifts in unconditional conservatism and cost of capital after the adoption of IFRS. From a sample of 7,251 firm-year observations drawn...

OBJECTIVE Opioid abuse is a common disorder affecting over 2 million Americans. Intranasal tissue necrosis is a previously described sequela of nasal opioid inhalation, with a similar presentation to invasive fungal rhinosinusitis (IFRS). The goal of this case report and systematic review is to evaluate the evidence supporting this uncommon disease, with qualitative analysis of the presentation...

I build a model of neoclassical production to examine the capital market and welfare effects of a uniform accounting standard (like IFRS). Firms vary in their cost of compliance to the standard, and investors vary in their cost of learning diverse standards for capital allocation. I show that a uniform accounting standard increases the quantity of capital in the economy and lowers the cost of c...

This study determined the value relevance of assets and liabilities after the adoption of IFRS among listed Nigerian firms. Ohlson Model (1995) model of stock price regressions tested the relationship between assets and liabilities with the stock price, which has been widely adopted by accounting researchers. A sample of 126 firms listed in Nigeria stock market is used for the study. Data is co...

Among models and information about economic phenomena which help to understand how enterprises produce value, Accounting and Financial Reporting still play a leading and regulative role. The regulative role is established by enforceable International Financial Reporting Standards (IFRS). Ontology engineering methods, which have proven to cope with difficult standardization issues, are seldom us...

This study investigated factors within the firm that encourage organizational learning activities. The authors suggest that when the appropriate factors are present, the firm will more likely engage in learning activities integral in the development of interfirm partnering competence. The conditions for building partnering competence are found in the firm’s culture and climate in the form of le...