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

Article

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. https://doi.org/10.1504/IJMFA.2010.034116
Article Title

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

ERA Journal ID41269
Article CategoryArticle
Authors
AuthorBoolaky, Pran Krishansing
Journal TitleInternational Journal of Managerial and Financial Accounting
Journal Citation2 (3), pp. 228-239
Number of Pages12
Year2010
Place of PublicationOlney, Bucks. United Kingdom
ISSN1753-6715
1753-6723
Digital Object Identifier (DOI)https://doi.org/10.1504/IJMFA.2010.034116
Web Address (URL)http://inderscience.metapress.com/link.asp?target=contribution&id=083R302111322671
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.

KeywordsIFRS; conversion cost; small island economies; Mauritius; International Financial Reporting Standards; training costs; software costs; outsourcing costs; accounting standards
ANZSRC Field of Research 2020380110. International economics
380302. Macroeconomic theory
350104. International accounting
Public Notes

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.

Byline AffiliationsSchool of Accounting, Economics and Finance
Institution of OriginUniversity of Southern Queensland
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