[ L’influence des marchés financiers sur la normalisation comptable : Une lecture historique ]
Volume 29, Issue 4, July 2020, Pages 1189–1198
Benhayoun Issam1 and Marghich Abdellatif2
1 Laboratoire de Recherche en Management Finances et Audit des Organisations (LAMAFAO), Sidi Mohamed Ben Abdellah University, ENCG-Fez, Morocco
2 Laboratoire de Recherche en Management Finances et Audit des Organisations (LAMAFAO), Sidi Mohamed Ben Abdellah University, ENCG-Fez, Morocco
Original language: French
Copyright © 2020 ISSR Journals. This is an open access article distributed under the Creative Commons Attribution License, which permits unrestricted use, distribution, and reproduction in any medium, provided the original work is properly cited.
Globalization of businesses and financial market have brought to light what is called nowadays International accounting standardization. The latter has seen the light since the initiative of Henry Benson to gather many countries around the world to prepare a core of accounting standards that could be possible to apply globally, or at least by countries who had participated in their preparation. The main purpose of this study is to analyze this phenomenon from a historical standpoint to help answer how international accounting standardization were developed and under which conditions. The main findings indicate that international accounting standardization was developed based on financial markets requirements and needs rather than purely accounting matters.
Author Keywords: Harmonization, International standardization, accounting standards, IASB, IFRS.
Volume 29, Issue 4, July 2020, Pages 1189–1198
Benhayoun Issam1 and Marghich Abdellatif2
1 Laboratoire de Recherche en Management Finances et Audit des Organisations (LAMAFAO), Sidi Mohamed Ben Abdellah University, ENCG-Fez, Morocco
2 Laboratoire de Recherche en Management Finances et Audit des Organisations (LAMAFAO), Sidi Mohamed Ben Abdellah University, ENCG-Fez, Morocco
Original language: French
Copyright © 2020 ISSR Journals. This is an open access article distributed under the Creative Commons Attribution License, which permits unrestricted use, distribution, and reproduction in any medium, provided the original work is properly cited.
Abstract
Globalization of businesses and financial market have brought to light what is called nowadays International accounting standardization. The latter has seen the light since the initiative of Henry Benson to gather many countries around the world to prepare a core of accounting standards that could be possible to apply globally, or at least by countries who had participated in their preparation. The main purpose of this study is to analyze this phenomenon from a historical standpoint to help answer how international accounting standardization were developed and under which conditions. The main findings indicate that international accounting standardization was developed based on financial markets requirements and needs rather than purely accounting matters.
Author Keywords: Harmonization, International standardization, accounting standards, IASB, IFRS.
Abstract: (french)
La mondialisation des entreprises et des marchés financiers ont mis en lumière ce que l'on appelle aujourd'hui la normalisation comptable internationale. Cette dernière a vu le jour depuis l'initiative d'Henry Benson de rassembler de nombreux pays à travers le monde pour préparer un noyau de normes comptables qu'il serait possible d'appliquer globalement, ou du moins par les pays ayant participé à leur élaboration. L'objectif principal de cette étude est d'analyser ce phénomène d'un point de vue historique pour aider à comprendre comment la normalisation comptable internationale a été développée et dans quelles conditions. Les principales constatations indiquent que la normalisation comptable internationale a été élaborée en fonction des exigences et des besoins des marchés financiers plutôt que sur des questions purement comptables.
Author Keywords: Harmonisation, normalisation internationale, normes comptables, IASB, IFRS.
How to Cite this Article
Benhayoun Issam and Marghich Abdellatif, “The influence of financial markets on accounting standards: A historical reading,” International Journal of Innovation and Applied Studies, vol. 29, no. 4, pp. 1189–1198, July 2020.
