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Culture's Influence on Asset Valuations in Anglo versus Latin Countries Post IFRS: a Discussion and Proposal for Research

Research & Scholarship: Chapter in Book/Report/Conference proceedingConference contribution

Abstract

The paper considers how culture may influence the financial accounting judgments made by firms post convergence to International Financial Reporting Standards (IFRS). The cultural framework established by Hofstede (1980) and accounting values developed by Gray (1988) will provide the theoretical framework in the proposed examination of differences in culture and accounting values between Anglo and Latin American nations. This proposed research provides a framework towards the understanding and prediction of the role and influence of culture in contemporary international accounting and financial reporting as well as the need to address culture if IFRS is to be successful.
Original languageAmerican English
Title of host publicationProceedings of 6th Annual American Business Research Conference
StatePublished - Jun 2014

Publication series

NameProceedings of 6th Annual American Business Research Conference

Keywords

  • culture
  • accounting
  • property
  • plant and equipment
  • intangible assets
  • research and development
  • international financial reporting standards
  • IFRS

Disciplines

  • Business
  • Accounting

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