文章基本信息

标题：Convergence to international financial reporting standards (IFRS): The need to tighten the ruleon divisible profit
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作者：Wai-Meng Chan ; S. Susela Devi ; Sai-Leong Lee 等
期刊名称：African Journal of Business Management
印刷版ISSN：1993-8233
出版年度：2010
卷号：4
期号：17
页码：3588-3596
语种：English
出版社：Academic Journals
摘要：The issue of convergence with the International Financial Reporting Standards (IFRS) has been a subject of increasing academic debate. One of the issues raised is that the IFRS are fair value based, and in some instances, recognizes unrealized gains and thus, include them in the income statement. Despite resistance, it is a foregone conclusion that the IFRS convergence exercise will continue to gain momentum. This article focuses on the importance of examining the existing legislative requirements that form part of the national specificities. As an illustration, this article highlights the importance to resolve the issue on the size of profit which may be legally distributed to shareholders as dividend. An examination on the legal approaches to the payment of dividends in the United Kingdom, Australia, New Zealand, India, Malaysia and Singapore found most of them to be lacking.
关键词：Convergence;International financial reporting standards (IFRS);divisible profits;unrealized gain