Original Research

Financial accounting and reporting in developing countries: A South African perspective

Johan Oberholster
South African Journal of Economic and Management Sciences | Vol 2, No 2 | a2575 | DOI: https://doi.org/10.4102/sajems.v2i2.2575 | © 2018 Johan Oberholster | This work is licensed under CC Attribution 4.0
Submitted: 03 July 2018 | Published: 30 June 1999

About the author(s)

Johan Oberholster, School of Accountancy, University of Pretoria, South Africa

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Abstract

South Africa is currently going through major changes in political, social and other arenas. It is therefore appropriate to consider the effect of these developments on financial reporting in a changing environment. This paper explores the origins of the current South African accounting system, given its status as a developing country, and endeavours to show that financial reporting needs to be amended to reflect the changing face of the South Africa's social fabric, its status as a developing country, as well as the emergence of new users of financial statements. Certain recommendations are made to address these issues.

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