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
Permalink -

https://research.usq.edu.au/item/q0v9x/investigating-the-relationship-between-the-elements-of-the-ifrs-conversion-cost-in-the-context-of-small-island-economies-mauritius

Log in to edit
  • 1852
    total views
  • 4
    total downloads
  • 1
    views this month
  • 0
    downloads this month

Export as

Related outputs

Determinants of the strength of accounting and reporting standards: A cross-country study
Boolaky, Pran Kishansing, Krishnamurti, Chandrasekhar and Hoque, Ariful. 2013. "Determinants of the strength of accounting and reporting standards: A cross-country study." Australasian Accounting Business and Finance Journal. 7 (4), pp. 17-36. https://doi.org/10.14453/aabfj.v7i4.3
Corporate governance compliance and disclosure in the banking sector: using data from Japan
Boolaky, Pran Krishansing and Thomas, Kim. 2010. "Corporate governance compliance and disclosure in the banking sector: using data from Japan ." Balachandran, Balasingham (ed.) Inaugural Finance and Corporate Governance Conference (FCGC 2010). Melbourne, Australia 07 - 09 Apr 2010 Melbourne, Australia. https://doi.org/10.2139/ssrn.1536879
Accounting developments in Africa: a study of the impact of colonisation and the legal systems on accounting standards in sub-Saharan African countries
Boolaky, Pran Krishansing. 2004. "Accounting developments in Africa: a study of the impact of colonisation and the legal systems on accounting standards in sub-Saharan African countries." Delhi Business Review. 5 (1), p. 123.
Determinants of accounting standards in the Southern African Development Community (SADC)
Boolaky, Pran Krishansing. 2003. "Determinants of accounting standards in the Southern African Development Community (SADC)." 2003 British Accounting Association, South Eastern Accounting Group Conference (BAA-SEAG) . London, United Kingdom Sep 2003 London, United Kingdom.
Corporate governance in the financial services sector of small island economies: a case study of Mauritius
Boolaky, Pran Krishansing. 2007. "Corporate governance in the financial services sector of small island economies: a case study of Mauritius." Corporate Ownership and Control. 4 (3), pp. 266-278.
The relevance and applicability of IAS in Madagascar: the perception of accounting practitioners
Boolaky, Pran Krishansing. 2003. "The relevance and applicability of IAS in Madagascar: the perception of accounting practitioners ." ICFAI Journal of Accounting Research. 2 (4), pp. 83-93.
Lifting the veil of GDP and re-defining the concept of development in the context of accounting
Boolaky, Pran Krishansing. 2004. "Lifting the veil of GDP and re-defining the concept of development in the context of accounting." IUP Journal of Applied Economics. 3 (6), pp. 60-75.
A historical analysis of the accounting development in Madagascar between 1900 to 2005: the journey from accounting plan to IFRS
Boolaky, Pran and Jallow, Kumba. 2008. "A historical analysis of the accounting development in Madagascar between 1900 to 2005: the journey from accounting plan to IFRS." Journal of Applied Accounting Research. 9 (2), pp. 126-144. https://doi.org/10.1108/09675420810900793
Measuring De Jure harmonisation: a content analysis of the accounting standards of three countries: South Africa, Mauritius and Tanzanian and International Financial Reporting Standards
Boolaky, Pran Krishansing. 2006. "Measuring De Jure harmonisation: a content analysis of the accounting standards of three countries: South Africa, Mauritius and Tanzanian and International Financial Reporting Standards ." Journal of Applied Accounting Research. 8 (2), pp. 110-146.
The importance and usefulness of financial reporting of municipalities: a case study of municipalities in Mauritius
Boolaky, Pran Krishansing. 2004. "The importance and usefulness of financial reporting of municipalities: a case study of municipalities in Mauritius." International Journal of Accounting, Auditing and Performance Evaluation. 1 (3), pp. 342 -362. https://doi.org/10.1504/IJAAPE.2004.005925
Investigating the impact of four proxies of agency costs on dividend policy in the context of listed companies of small island economies: a case study of Mauritius
Boolaky, Pran Krishansing. 2009. "Investigating the impact of four proxies of agency costs on dividend policy in the context of listed companies of small island economies: a case study of Mauritius." International Journal of Accounting and Finance. 1 (3), pp. 276-301. https://doi.org/10.1504/IJAF.2009.026624