Title: Understanding international financial reporting standards (IFRS): a review and evaluation of IFRS research

Authors: Siriyama Kanthi Herath, Renee McCoy, Shaniece M. Lucas, Ethel Mensah

Addresses: School of Business Administration, Clark Atlanta University, 223 James P. Brawley Drive, Fair St., Atlanta, Georgia 30314, USA. ' School of Business Administration, Clark Atlanta University, 223 James P. Brawley Drive, Fair St., Atlanta, Georgia 30314, USA. ' US Department of Justice, Office of the Inspector General, 75 Spring Street Suite 1130, Atlanta, GA 30331, USA. ' School of Business Administration, Clark Atlanta University, 223 James P. Brawley Drive, Fair St., Atlanta, Georgia 30314, USA

Abstract: This paper is centred on the research related to international financial reporting standards (IFRS). IFRS are of great usefulness for countries which do not have a national standards setting body as the preparation of accounting standards involves considerable cost and, it would not be economical for each country to have a separate standard setting process. This research is expected to serve as a guide in understanding the standards reported within the IFRS. The major purpose of this research is to survey the IFRS-related research literature published during the period from 2000 and 2009. The survey suggests that a wide range of topic areas has been covered by the selected research studies. This learning can be incorporated in revising curricula related to international financial reporting.

Keywords: IFRS research; international financial accounting standards; literature review; IFRS guide; international financial reporting; finance education; research review; research evaluation.

DOI: 10.1504/IJMFA.2011.041759

International Journal of Managerial and Financial Accounting, 2011 Vol.3 No.3, pp.304 - 322

Published online: 29 Nov 2014 *

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