Compatibility between OHADA accounting system and IASB conceptual framework (IFRS): the real difficulties and false problems

Abstract

The uniform act regarding the organization and the harmonization of the accounting systems of firms, adopted in the framework of the OHADA treaty, where we annexed the accounting system OHADA (SYSCOHADA), has had the advantage of modernizing the accounting informational system for the companies part of the African member states, and to adapt it to follow the evolution of the economic, financial and legal environments. The transition from cultural accounting plan OCAM to an accounting system endowed with a conceptual framework inspired by international accounting standards is a considerable achievement. The former accounting system used in the member states no longer satisfied the information requirements, increasingly diversified, by the end users of financial statements. The procedure retained in this article essentially consists in analyzing the points of convergence and divergence between the accounting reference frameworks of OHADA and IAS/IFRS, while at the same time studying the problematic of the normalization of international accounting in the context of the sub-Saharan francophone countries of Africa.