期刊名称：International Journal of Finance and Accounting
印刷版ISSN：2168-4812
电子版ISSN：2168-4820
出版年度：2016
卷号：5
期号：1
页码：62-66
DOI：10.5923/j.ijfa.20160501.08
语种：English
出版社：Scientific & Academic Publishing Co.
摘要：The purpose of this study is to examine the financial instruments disclosure of banks in Indonesia and UK. Indonesia has started the IFRS convergence since 2008. One of the benefits of IFRS convergence is to increase comparability. However, this benefit of comparability can only be achieved if IFRS is credibly implemented across countries. One of the accounting standards that has adopted the IFRS is PSAK No. 60 Financial Instruments: Disclosure which was adopted from IFRS 7 Financial Instruments: Disclosure. This standard has significant effect on most Indonesian listed firms, especially banks. On the other hand, UK has fully adopted IFRS since 2005. We have compared the disclosure in noted to the financial statements of 5 Indonesian banks and 5 UK banks. The comparison highlights several differences in disclosure in both countries, where UK banks tend to disclose more comprehensive disclosure in their notes to the financial statements. These differences indicate that the disclosure is not fully comparable between banks in both countries, which in turn may limit the benefit of IFRS convergence.
