The research grant, offered as part of the British Academy's International Partnership and Mobility Scheme, will allow him to study accounting reform in the franc zone countries in Africa.
The research's aim is to investigate the impediments to the implementation of a new accounting system, that was specifically designed for less developed countries by the Organisation for the Harmonisation of Business Law in Africa (OHADA).
The study also assesses the relevance of the accounting reform to the franc zone countries, particularly in the context of:
- agricultural and forestry activities
- oil, gas and mineral extractive industries
- accounting for environmental sustainability
- the specific needs of small and medium-sized entities
- strategies for the convergence of domestic accounting principles with International Financial Reporting Standards (IFRS)
Finally, the study will investigate why a distinctive approach to financial accounting - which is modelled on long-established French traditions - is still entrenched in the franc zone countries in the current era of globalisation, despite sustained pressure from the World Bank and the International Monetary Fund for large entities in Africa to adopt IFRS.
About the study
- title: Accounting reform in the Franc Zone countries in Africa
- principal investigator: Charles Elad, MAcc (Glasgow), PhD (Glasgow)
- co-investigator: Martha Tumnde, LLM (London), PhD (Sheffield), Barrister-at-law. Dean of the Faculty of Law, University of Buea, Cameroon