ANALISIS PERBANDINGAN STANDAR AKUNTANSI DI NEGARA UNI EMIRAT ARAB DAN INDONESIA

Abstract

This research aims to conduct a comprehensive analysis of the comparison of accounting standards between the United Arab Emirates and Indonesia in the context of international trade. This comparison is important for understanding differences in accounting practices between two countries that have profoundly different economic, social, and cultural backgrounds. This article reviews the evolution, implementation, and impact of accounting standards in the UAE and Indonesia over the recent period and highlights the factors that influence financial reporting and information disclosure. In the UAE, the full adoption of International Financial Reporting Standards (IFRS) has shifted the paradigm in accounting practices, leading to increased transparency and international investor confidence. Meanwhile, Indonesia has also taken similar steps with convergence to IFRS as a Financial Accounting Standard, starting in 2012, although challenges in implementation are still a major concern. In-depth analysis of this comparison covers regulatory aspects, financial reporting practices, and adaptation to local economic and business conditions. Both countries face unique challenges in implementing international accounting standards, which are reflected in their approaches to regulatory settings and the implementation of accounting practices. This research contributes to exploring the impact of these differences on financial statement quality, information transparency, as well as compliance with applicable accounting standards.