The Effect of IFRS Adoption on Financial Reporting Pedagogy in South Africa
Tóm tắt
South Africa has for many years been involved in and supported the work of the International Accounting Standards Board (IASB) (formerly the International Accounting Standards Committee [IASC]). Accordingly, South Africa was an early adopter of International Financial Reporting Standards (IFRS). This paper highlights two significant effects that the adoption of IFRS has had on accounting education in South Africa. First, both “English” and “Afrikaans” universities have faced, to varying degrees, the challenge of shifting from rule-based pedagogy to framework-based teaching of financial reporting. Second, the Afrikaans universities' primary source of reference for their financial reporting students, namely the financial reporting standards, is no longer available in Afrikaans and as a result introduces the risks and complexities associated with the translation from English into Afrikaans.
Từ khóa
Tài liệu tham khảo
Accounting Education Change Commission (AECC), 1991, Issues Statement Number 2, The Accounting Education Change Commission: Its History and Impact
Albrecht, S., and R. Sack. 2000 . Accounting Education: Charting the Course through a Perilous Future . Sarasota , FL : American Accounting Association .
American Accounting Association (AAA) . 1986 . Future Accounting Education: Preparing for the Expanding Profession . Sarasota, FL: AAA .
Barth, 2008, Global financial reporting: Implications for U.S. academics, Accounting Review, 83, 1159, 10.2308/accr.2008.83.5.1159
Baskerville, R., and L. Evans. 2011 . The Darkening Glass: Issues for the Translation of IFRS . Edinburgh, Scotland : The Institute of Chartered Accountants of Scotland .
Botha, 2001, Pre-qualification education of registered accountants and auditors in South Africa: Perspectives on whether the education process is normatively justifiable, Meditari: Research Journal of the School of Accounting Sciences, 9, 33
Brice, 2011, A European view on “condorsement
Bunting, 2002, The Higher Education Landscape under Apartheid, Transformation in Higher Education
Carmona, 2010, The IASB and FASB convergence process and the need for “concept-based” accounting teaching, Advances in Accounting, 26, 1, 10.1016/j.adiac.2010.03.003
Coetzee, 2011, A mixed methods pedagogical approach to an introductory course to IFRS, Accounting Instructors Report
Coetzee, 2011, The conceptual framework for financial reporting and a pedagogical approach thereto, Accounting Instructors Report
Coetzee, 2012, A critical analysis of the pedagogical approach employed in an introductory course to IFRS, Issues in Accounting Education, 27, 83, 10.2308/iace-10220
de Swaan, A . 2001 . Words of the World: The Global Language System . Hoboken, NJ: Wiley-Blackwell .
de Villiers, C., and E. Venter. 2010 . The Influence of the Accounting Profession on the Academy: A Cautionary Case Study . Unpublished proceedings of theAPIRA Conference, Sydney, Australia .
Deegan, C. 2009 . Financial Accounting Theory . North Ryde, NSW : McGraw-Hill .
Everingham, G. K., and B. D. Hopkins. 1979 . Generally Accepted Accounting Practice: A South African Viewpoint . Kenwyn, South Africa : Juta .
Garnett, R. P. 2011 . Personal email (September 8) .
Gray, 2000, Accounting education: Crisis? What crisis, Accounting and Finance Update
Hodgdon, 2011, Framework-based teaching of IFRS judgments, Accounting Education: An International Journal, 20, 415, 10.1080/09639284.2011.589587
Howieson, 2003, Accounting practice in the new millennium: Is accounting education ready to meet the challenge?, The British Accounting Review, 35, 69, 10.1016/S0890-8389(03)00004-0
Jansen, J. D. 2001 . Why Tukkies Cannot Develop Intellectuals (and What to Do About It) . Proceedings of the Innovation Lecture Series , Pretoria, South Africa , May 11 .
Ludolph, 2006, Why IFRS, Accountancy SA, 19
Matthews, 2001, Whither (or wither) accounting education in the new millennium, Accounting Forum, 25, 380, 10.1111/1467-6303.00072
Olivier, 2008, The importance of universities, Mail & Guardian
Republic of South Africa . 2008 . Companies Act . No. 71 of 2008 (Part D).Pretoria, South Africa : Government Printers .
South African Institute of Chartered Accountants (SAICA) . 1999 . Circular 8/1999 Compliance with Section 286(3) and Paragraph 5 of Schedule 4 to the Companies Act 61 of 1973 and Statements of Generally Accepted Accounting Practice . Kengray, South Africa : SAICA .
South African Institute of Chartered Accountants (SAICA) . 2003 . Circular 5/2003 Alignment of the Text of Statements of Generally Accepted Accounting Practice with that of International Financial Reporting Standards . Kengray : SAICA .
South African Institute of Chartered Accountants (SAICA) . 2004 . Circular 7/2004 Status and Effective Dates of Generally Accepted Accounting Practices (GAAP) and Interpretations of Statements of GAAP) . Kengray : SAICA .
South African Institute of Chartered Accountants (SAICA) . 2005 . Annual Accounting Update . Kengray : SAICA .
South African Institute of Chartered Accountants (SAICA) . 2011 . Discussion Paper on the Impact of the Companies Act, No. 71 of 2008 (as Amended by the Companies Amendment Act, No. 3 of 2011), on the Financial Reporting Process in South Africa . Kengray : SAICA .
United Nations Conference on Trade and Development (UNCTD) . 2007 . Review of practical implementation issues of International Financial Reporting Standards: Case study of South Africa . Available at: http://www.unctad.org/en/docs/c2isard39_en.pdf
Van der Schyf, 2008, Five recent developments' impact on the traditional academic culture of Departments of Accounting at South African universities, Meditari Accountancy Research, 16, 1, 10.1108/10222529200800009
Vorster, Q., W. A. Joubert, M. Koen, and C. Koornhof. 1997 . Descriptive Accounting. 2nd edition . Kenwyn, South Africa : Juta .
Watson. A . 2010 . Comments Made by Alex Watson to Delegates on Education Implication of Adopting IFRS . Unpublished proceedings of theAfrica Standard Setters Conference, Cape Town, South Africa .
Wells, 2011, Framework-based approach to teaching principle-based accounting standards, Accounting Education: An International Journal, 20, 303, 10.1080/09639284.2011.569128