IFRS FOR SMES: CULTURAL DIMENSIONS ON ACCOUNTING IN CENTRAL AND EASTERN EUROPE COUNTRIES 

MARINA Alexandra Gabriela, Babes-Bolyai University, Cluj-Napoca

Abstract:
The aim of this paper is the impact evaluation of cultural dimensions on accounting in CEE countries concerning the adoption process of IFRS for SMEs. In achieving this aim, we identified the cultural characteristics of CEE countries using two basic models of cultural dimensions: the six dimensions of Hofstede (1980, 2010) and Gray’s values (1988). The sample selected was analysed for Hofstede’s dimensions and a similar accounting profile based on Gray’s values. Further, we compared the profile of each jurisdiction to a favourable profile proposed by Borker (2012a) for the adoption of IFRS.

Keywords: IFRS for SMEs, accounting values, cultural dimensions

JEL Classification: M40, M41

Volume: 71, Issue: 4

Pages: 72 - 85

Publication date: December, 2019

Download the article: http://economice.ulbsibiu.ro/revista.economica/archive/71406marina.pdf

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