You Say IFRS, I Say FASBLets Call The Whole Thing Off
This paper discusses the noticeable nervousness of many US-based financial statement issuers in adopting IFRS. For contextual purposes, the paper provides an overview of the FASB/IFRS convergence so far and its probable future. A detailed review of convergence in accounting standards is explained th...
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Published in | American journal of business education Vol. 6; no. 5; pp. 505 - 512 |
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Main Authors | , , |
Format | Journal Article |
Language | English |
Published |
Littleton
The Clute Institute
01.09.2013
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Subjects | |
Online Access | Get full text |
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Summary: | This paper discusses the noticeable nervousness of many US-based financial statement issuers in adopting IFRS. For contextual purposes, the paper provides an overview of the FASB/IFRS convergence so far and its probable future. A detailed review of convergence in accounting standards is explained through the respective standards for Pensions and Other Post-Employment Benefits. The paper concludes by suggesting that, while one set of global steps is a noble goal, it might not achieve the desired goal of comparability. |
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ISSN: | 1942-2504 1942-2512 |
DOI: | 10.19030/ajbe.v6i5.8040 |