Now in its 12th edition, Comparative International Accounting is renowned for its depth of discussion and comparative method of explaining the international dimensions of financial reporting.This text uncovers the conceptual and contextual foundations of International Financial Reporting Standards (IFRS) and contrasts them with US generally accepted accounting principles (US GAAP). It also examines international differences that remain between countries such as China, France, Germany and Japan, and pays particular attention to the key issues of harmonization, political lobbying and the special accounting problems of multinational companies.New to this edition: Complete update in line with changes to IFRS, US GAAP and other recent developments in the field. Expanded coverage of ways in which jurisdictions can implement IFRS. Discussion of the IASB amended conceptual framework. New synoptic table of differences in accounting across six GAAPs. Additional coverage of management commentaries, Chinese accounting practices, company practices under IFRS and practices under German national rules.About the authors: Christopher Nobes is Professor of Accounting at Royal Holloway, University of London. From 1993 to 2001 he was a representative on the board of International Accounting Standards Committee.Robert Parker is Emeritus Professor of Accounting at the University of Exeter, UK. He was formerly editor of the journal, Accounting and Business Research. Both authors are recipients of the American Accounting Associations Outstanding International Accounting Educator award. (Pearson)