Accounting and Economy in Developing Countries : The Role of International Accounting Standards in Economic Development of Albania

ISBN-13: 9783659269202 / Angielski / Miękka / 2012 / 256 str.

Dritan Fino

Opis

The economic, cultural, social, political, and legal environment greatly influences the accounting development in a certain country. The diversity in accounting systems, has resulted in a lack of comparability from country to country causing dis-economies and increasing costs. In order to facilitate the process of conducting business in international markets the IASB has established a single set of high quality accounting standards that provide high quality transparent and comparable information, which are being accepted worldwide. As a consequence, many countries have adopted the IFRS, and many more are in the process, or considering adopting these standards. Studying the Albanian experience, developing countries may find valuable and considerable implications that would assist them in their efforts of implementing IFRS. These standards will increase transparency, comparability, and accountability of financial reporting and will improve the quality of financial information reported. Consequently, the sound financial reporting will improve the flow of capital and investments in these countries assisting them in their mission of achieving higher economic growth and development.

O autorze

Fino, DritanReceived in 2010, the PhD degree in Financial Accounting from Kyushu Sangyo University, Japan. Also holding the MA Degree in Management Accounting from the same University. At the present, working as lecturer of Finance/Accounting at Marin Barleti University, in Tirana. Since 2008, certified bookkeeper of The Japan Chamber of Commerce and Industry.