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Transition to the Revised OHADA Law on Accounting and Financial Reporting: Corporate Perceptions of Costs and Benefits

Author

Listed:
  • Micheal Forzeh Fossung

    (Fomic Polytechnic & University of Buea, Department of Accounting, Faculty of Social and Management Sciences, P. O. Box 65 Buea, Cameroon)

  • Lious Agbor Tabot Ntoung

    (Fomic Polytechnic & University of Buea, Department of Accounting, Faculty of Social and Management Sciences, P. O. Box 65 Buea, Cameroon)

  • Helena Maria Santos de Oliveira

    (School of Accounting and Administration of Porto (ISCAP), Polytechnic Institute of Porto (IPP), Center for Organisational and Social Studies of P. Porto (CEOS.PP), Research Centre for the Study of Population, Economics and Society (CEPESE), Oporto, 4465-004 S. Mamede de Infesta, Portugal)

  • Cláudia Maria Ferreira Pereira

    (School of Accounting and Administration of Porto (ISCAP), Polytechnic Institute of Porto (IPP), Center for Organisational and Social Studies of P. Porto (CEOS.PP), Research Centre for the Study of Population, Economics and Society (CEPESE), Oporto, 4465-004 S. Mamede de Infesta, Portugal)

  • Susana Adelina Moreira Carvalho Bastos

    (School of Accounting and Administration of Porto (ISCAP), Polytechnic Institute of Porto (IPP), Center for Organisational and Social Studies of P. Porto (CEOS.PP), Research Centre for the Study of Population, Economics and Society (CEPESE), Oporto, 4465-004 S. Mamede de Infesta, Portugal)

  • Liliana Marques Pimentel

    (Faculty of Economics, University of Coimbra, and Centre for Business and Economics Research (CeBER), Coimbra, 3004-512 Coimbra, Portugal)

Abstract

This paper examines the ongoing transition to the revised Organisation for the Harmonisation of Business Law in Africa Act on Accounting and Financial Reporting for companies in general and to the International Financial Reporting Standards for listed and group companies with a particular focus on recent institutional developments and corporate concerns. The study used 80 professional accountants, most of whom were members of the Institute of Chartered Accountants of Cameroon and academics. Using the descriptive statistics, the study shows that the transition to the revised OHADA brings about a high level of comparability and transparency of the financial statements, that the International Financial Reporting Standards can be implemented in Cameroon (but not fully), and that the benefit of the transition exceeds the cost.

Suggested Citation

  • Micheal Forzeh Fossung & Lious Agbor Tabot Ntoung & Helena Maria Santos de Oliveira & Cláudia Maria Ferreira Pereira & Susana Adelina Moreira Carvalho Bastos & Liliana Marques Pimentel, 2020. "Transition to the Revised OHADA Law on Accounting and Financial Reporting: Corporate Perceptions of Costs and Benefits," JRFM, MDPI, vol. 13(8), pages 1-19, August.
    • Handle: RePEc:gam:jjrfmx:v:13:y:2020:i:8:p:172-:d:393814
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    References listed on IDEAS

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    Cited by:

    1. Akarsh Kainth & Ranik Raaen Wahlstrøm, 2021. "Do IFRS Promote Transparency? Evidence from the Bankruptcy Prediction of Privately Held Swedish and Norwegian Companies," JRFM, MDPI, vol. 14(3), pages 1-15, March.
    2. Emilio Abad-Segura & Mariana-Daniela González-Zamar, 2020. "Research Analysis on Emerging Technologies in Corporate Accounting," Mathematics, MDPI, vol. 8(9), pages 1-29, September.
    3. Ștefan Cristian Gherghina, 2021. "Corporate Finance," JRFM, MDPI, vol. 14(2), pages 1-5, January.

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