ABSTRACT

As the centre of world economic development has shifted towards Asia over the last two decades, many Asian countries have witnessed rapid growth in economic and business operations. In light of these recent changes, accounting has played a significant role in assisting economic transition and advancement in Asian countries. However, although the general trend over recent decades towards convergence in financial reporting standards and practices has dramatically improved the comparability of accounting information, considerable variances remain in practices between countries.

This Handbook therefore provides an up-to-date review of contemporary accountancy across Asia, illustrating how standards have been reshaped to accommodate the needs of economic and social trends. As well as providing an overview of standards in the larger Asian economies of China, India and Japan, contributions to the Handbook also include studies of countries such as Sri Lanka, Nepal, Cambodia and Mongolia. In particular, this Handbook analyses:

  • financial accounting and reporting
  • management accounting
  • auditing and accounting professionalization
  • governmental and public-sector accounting
  • accounting education
  • accounting development in Asian emerging economies

The Routledge Handbook of Accounting in Asia offers students, academics, regulators and practitioners an essential reference guide to the current scholarship and practice in the field of accountancy in Asia. It will be a useful resource in particular for students of accountancy, business studies and Asian studies.

part I|82 pages

Financial accounting and reporting

chapter 1|17 pages

Development of financial reporting standards and practices in Indonesia

ByAgus Fredy Maradona, Parmod Chand

chapter 2|18 pages

Transparency at the crossroads

Contemporary accountancy in Korea
ByJay Junghun Lee, Han Yi

chapter 3|27 pages

De jure adoption and de facto implementation of FV accounting in China 1

ByGuoqiang Hu, Bing Huang, Jason Xiao, Qin Xu, Dehui Yu

part II|53 pages

Management accounting

chapter 5|17 pages

Management accounting in Japan

Current Practices
BySusumu Ueno, Paul Scarbrough, Shoichiro Hosomi

chapter 6|11 pages

Development of management accounting practices in Indonesia

ByJohnny Jermias

chapter 7|10 pages

Evolution and development of management accounting practices in Thailand

ByAnbalagan Krishnan, Prem Lal Joshi

chapter 8|11 pages

Development of management accounting in Sri Lanka

ByJanek Ratnatunga, Kashi Balachandran, Michael Tse

part III|44 pages

Accounting and auditing professionalization

chapter 9|13 pages

Auditing standards and practice in China

An overview of the development in the past two decades
ByGuiru Hua, Haiyan Zhou

chapter 10|12 pages

Development of the accounting profession in Cambodia 1

ByJuliet Cadungog-Uy

chapter 11|15 pages

The development of accounting professionalization in Taiwan

ByWen-Ching Chang

part IV|38 pages

Governmental and public-sector accounting

chapter 12|8 pages

The evolution and reforms of governmental accounting in China

ByZhibin Chen, Yan Wang, Ying Wang, Z. Jun Lin

chapter 13|13 pages

Accounting for governments and organizations in the public sector in India 1

BySaleha B. Khumawala, Arpita Shroff

chapter 14|13 pages

Public-sector accounting practices and reforms in Nepal

ByPawan Adhikari

part V|35 pages

Accounting education

chapter 15|13 pages

Accounting education in Japan

BySatoshi Sugahara

chapter 16|20 pages

Accounting education in Singapore

ByChan Yoke Kai, Uantchern Loh, Allene Ng Bee Lian

part VI|53 pages

Accounting development in Asian emerging economies

chapter 17|13 pages

Recent development of accounting and reporting practices in Vietnam

ByNguyen Cong Phuong

chapter 18|14 pages

Accounting development in Bangladesh

ByP.W. Senarath Yapa, Saiful Azam

chapter 19|11 pages

Accounting environment in Cambodia

ByP.W. Senarath Yapa, Kerry Jacobs, C.B. Chan

chapter 20|11 pages

Development of accounting practices in Mongolia

BySainjargal Banzdai, Naranchimeg Lombodorj, Battuya Demberel