Title: Standardisation of international accounting: harmonisation between OHADA and IASB (IFRS) reference frameworks

Authors: Donatien Avelé; Jean-Guy Degos

Addresses: Faculty of Administration, University of Moncton, Moncton, New-Brunswick, E1A 3E9, Canada ' IRGO Research Centre, University of Bordeaux, 35, Avenue Abadie 33072, Bordeaux, France

Abstract: The uniform act regarding the organisation and the harmonisation of the accounting systems of firms, adopted in the framework of the OHADA treaty, where we annexed the accounting system OHADA (SYSCOHADA), has had the advantage of modernising the accounting informational system for the companies part of the African member states and to adapt it to follow the evolution of the economic, financial and legal environments. The transition from cultural accounting plan OCAM to an accounting system endowed with a conceptual framework inspired by international accounting standards is a considerable achievement. The former accounting system used in the member states no longer satisfied the information requirements, increasingly diversified, by the end users of financial statements. The procedure retained in this article essentially consists in analysing the points of convergence and divergence between the accounting reference frameworks of OHADA and IAS/IFRS, while at the same time studying the problematic of the normalisation of international accounting in the context of the sub-Saharan francophone countries of Africa.

Keywords: accounting standardisation; international accounting systems; OHADA; IAS/IFRS; conceptual framework; standards harmonisation; sub-Saharan Africa; francophone countries; International Financial Reporting Standards; International Accounting Standards.

DOI: 10.1504/AJAAF.2014.065176

African Journal of Accounting, Auditing and Finance, 2014 Vol.3 No.1, pp.27 - 47

Available online: 15 Oct 2014 *

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