e-journal

International harmonization and national particularities of accounting

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Purpose – The purpose of this paper is to examine the recent accounting regulations designed to
facilitate international harmonization in Vietnam and to show how Vietnam developed an accounting
system that harmonizes with international standards while preserving macroeconomic control.
Design/methodology/approach – This paper is developed using the theoretical framework on
globalisation.
Findings – The recent development of accounting aims to implement Vietnam’s commitment to
harmonize its accounting system with the world. This process has faced some difficulties due to national
particularities such as Vietnam’s economic system and accounting tradition. This paper shows that the
regulators have been careful in their approach to develop and find ways to combine or adapt when
pushing for accounting development: a co-existence of vietnamese accounting standards and a uniform
accounting system. This point differs from the Anglo-Saxon world, but is comparable to China.
Research limitations/implications – The different approach to developing accounting regulation
in Vietnam reflects the key role of the State in preserving governmental control while harmonizing
with international standards.
Practical implications – This paper studies the influence of globalization on accounting
development in Vietnam. It suggests that developing accounting practices in a country in harmony
with international standards faces obstacles previously evidenced in the literature, such as economic
system and accounting tradition. The study also provides insight into problems encountered
by regulators who are incorporating international accounting standards into national
accounting regulations. These problems suggest that international accounting standard setters and
accounting regulators may face issues similar to those in Vietnam.
Originality/value – This paper contributes to the literature on international accounting
harmonisation by illustrating the need for considering national particularities as factors that will
affect the rate of harmonisation with international accounting standards.

Keywords Globalization, Harmonization, Accounting development in Vietnam, Accounting, Vietnam,
China

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Informasi Detail

Judul Seri

Journal of Accounting & Organizational Change

No. Panggil

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Penerbit

: Emerald Group., 2012

Deskripsi Fisik

Journal of Accounting & Organizational Change Vol. 8 No. 3, 2012 pp. 431-451

Bahasa

English

ISBN/ISSN

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Klasifikasi

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Tipe Isi

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Tipe Media

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Tipe Pembawa

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Edisi

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Subjek

AKUNTANSI

Info Detail Spesifik

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Pernyataan Tanggungjawab

Asmawati/Syahrial

Versi lain/terkait

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