Standardization of Financial Reporting and Accounting in Latin American Countries

Standardization of Financial Reporting and Accounting in Latin American Countries

Isabel Lourenço (University Institute of Lisbon, Portugal) and Maria Major (University Institute of Lisbon, Portugal)
Indexed In: SCOPUS
Release Date: July, 2015|Copyright: © 2015 |Pages: 352
ISBN13: 9781466684539|ISBN10: 1466684534|EISBN13: 9781466684546|DOI: 10.4018/978-1-4666-8453-9


Accounting has often been described as the language of business. As the increasing competition of overseas markets begins to affect even the smallest local companies, many more business professionals must become fluent in accounting principles and practice.

Standardization of Financial Reporting and Accounting in Latin American Countries highlights the recent move to International Financial Reporting Standards (IFRS) and addresses some of the concerns raised due to cultural differences and the level of enforcement of these standards in separate countries. Describing the evolution of both financial and managerial accounting due to the adoption of IFRS, this book is an essential reference source for both students and seasoned professionals in the fields of accounting, finance, and related management fields, especially those with an international emphasis.

Topics Covered

The many academic areas covered in this publication include, but are not limited to:

  • Activity-Based Costing and Management
  • Balanced Scorecard Adoption
  • Challenges in Applying IFRS
  • Compliance with IFRS Requirements
  • Economic Consequences of IFRS Adoption
  • Managerial Accounting Change
  • Traditional Versus Advanced Cost Accounting

Table of Contents and List of Contributors

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Author(s)/Editor(s) Biography

Isabel Costa Lourenço, Ph.D., is an associate professor of Financial Accounting at ISCTE/IUL (Lisbon University Institute), a visiting professor at FEA/USP (University of São Paulo School of Economics, Business and Accountancy) and a researcher at BRU/UNIDE, in Lisbon (Portugal). Dr. Lourenço has significant experience in academic programs and executive education in IFRS and international accounting. She is also co-author of many financial accounting books. Dr. Lourenço is the Director of the Accounting Specialisation of the PhD in Management at ISCTE/IUL. Her research interests lie in IFRS, international accounting and corporate sustainability. She has published in academic journals including ‘The European Accounting Review’, ‘Australian Journal of Management’, ‘Journal of Cleaner Production' and ‘Journal of Business Ethics’. She is active in refereeing articles for many leading journals and conferences. Currently she is conducting a research project on accounting issues in emerging countries.
Maria Joao Major holds a Post-doc in Management Accounting and Control from the Manchester Business School, UK and a PhD in Management Accounting from the University of Manchester, UK. She is currently an associate professor of Management Accounting in a top Portuguese Business School (ISCTE Business School) and a visiting professor at Nova School of Business & Economics, Universidade Nova de Lisboa, in Portugal. Her research interests lie in management change in both private and public organizations, particularly in hospitals. Professor Major has published in top academic journals including ‘Management Accounting Research’, ‘The European Accounting Review’, ‘Accounting, Organizations and Society’ and ‘Accounting, Auditing and Accountability Journal’, among others. She is in the editorial board of ‘Qualitative Research in Accounting & Management’, ‘Journal of Accounting and Organizational Change’ and before in the editorial board of ‘The European Accounting Review. Professor Major is additionally active in refereeing articles for a number of leading academic journals. Currently she is conducting a research project on management control in the healthcare sector together with colleagues in the UK.