Investigating the relationship between the elements of the IFRS conversion cost in the context of small island economies (Mauritius)

Boolaky, Pran Krishansing (2010) Investigating the relationship between the elements of the IFRS conversion cost in the context of small island economies (Mauritius). International Journal of Managerial and Financial Accounting, 2 (3). pp. 228-239. ISSN 1753-6715

Abstract

Using a sample of 100 companies from a small island economy (Mauritius), this paper for the first time investigates IFRS conversion cost by dividing it into three main elements, namely; training cost, IFRS software cost and outsourcing cost and then observe their behaviour by using the Pearson correlation test. The outcomes of this study are that despite Mauritius Accounting Standards (MAS) were Anglo-Saxon based and IAS adapted all the preparers of accounts had recourse to training including new accounting software and some had recourse directly to external experts by outsourcing their IFRS tasks. This study also confirms that though many of the preparers invested in a new software, yet training on IFRS contents and software cost are negatively correlated and where the companies have outsourced the IFRS tasks, training and software cost have been low.


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Item Type: Article (Commonwealth Reporting Category C)
Refereed: Yes
Item Status: Live Archive
Additional Information: Copyright © 2010 Inderscience Enterprises Ltd. This publication is copyright. It may be reproduced in whole or in part for the purposes of study, research, or review, but is subject to the inclusion of an acknowledgment of the source.
Faculty / Department / School: Historic - Faculty of Business - School of Management and Marketing
Date Deposited: 29 Jul 2014 04:40
Last Modified: 04 Aug 2014 01:33
Uncontrolled Keywords: IFRS; conversion cost; small island economies; Mauritius; International Financial Reporting Standards; training costs; software costs; outsourcing costs; accounting standards
Fields of Research : 14 Economics > 1402 Applied Economics > 140210 International Economics and International Finance
14 Economics > 1401 Economic Theory > 140102 Macroeconomic Theory
15 Commerce, Management, Tourism and Services > 1501 Accounting, Auditing and Accountability > 150104 International Accounting
Socio-Economic Objective: B Economic Development > 91 Economic Framework > 9105 Measurement Standards and Calibration Services > 910599 Measurement Standards and Calibration Services not elsewhere classified
Identification Number or DOI: 10.1504/IJMFA.2010.034116
URI: http://eprints.usq.edu.au/id/eprint/19197

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