IDEAS home Printed from https://ideas.repec.org/a/ibf/acttax/v13y2021i1p59-73.html
   My bibliography  Save this article

Impact Of Culture On International Financial Report Standards Assessment Of Fair Values Measurement

Author

Listed:
  • Daniel Acheampong

Abstract

The paper reviews the cultural impact on implementing the fair values measurement (IFRS 13) enacted by the International Accounting Standard Board. The paper used mixed-methods to analyze the postimplementation responses of 67 respondents to determine the cultural impact of accounting pronouncement implementation. The paper adopted the Globe Project's cultural attributes and categorized the responses under distinct regional groupings. The study identified the patterns from the answers to the eight openended questions and traced them to the cultural traits. The ranking of the cultural traits shows similarities among some regional groupings and differs among some groupings. Among the ten groupings ranked under the eight unique clusters, there was no single cluster with a consistent ranking among all the regional groupings. A one-sample t-test was employed to test the significant difference between the coded responses' overall mean and each unique cluster. The t-test shows no statistically significant difference between the individual clusters and the coded responses' overall mean. The t-test results suggest no evidence to support a cultural impact on implementing the fair values measurement based on the responses from the postimplementation survey from the responding countries

Suggested Citation

  • Daniel Acheampong, 2021. "Impact Of Culture On International Financial Report Standards Assessment Of Fair Values Measurement," Accounting & Taxation, The Institute for Business and Finance Research, vol. 13(1), pages 59-73.
    • Handle: RePEc:ibf:acttax:v:13:y:2021:i:1:p:59-73
    as

    Download full text from publisher

    File URL: http://www.theibfr2.com/RePEc/ibf/acttax/at-v13n1-2021/AT-V13N1-2021-5.pdf
    Download Restriction: no
    ---><---

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:ibf:acttax:v:13:y:2021:i:1:p:59-73. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Mercedes Jalbert (email available below). General contact details of provider: .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.