| Budget Amount *help |
¥4,290,000 (Direct Cost: ¥3,300,000、Indirect Cost: ¥990,000)
Fiscal Year 2011: ¥910,000 (Direct Cost: ¥700,000、Indirect Cost: ¥210,000)
Fiscal Year 2010: ¥910,000 (Direct Cost: ¥700,000、Indirect Cost: ¥210,000)
Fiscal Year 2009: ¥1,040,000 (Direct Cost: ¥800,000、Indirect Cost: ¥240,000)
Fiscal Year 2008: ¥1,430,000 (Direct Cost: ¥1,100,000、Indirect Cost: ¥330,000)
|
|---|
| Research Abstract |
This study aims at reconsidering on a current nature and a possible future development of the international convergence of accounting standards led by the FASB and IASB, with special reference to the Boards' joint project to improve a common conceptual framework for financial reporting. The"faithful representation"presented as a keyword of the project fortifies the original idea of the asset and liability view of accounting that makes a basis of the current conceptual framework, and this may result in standard-setting with clearer orientation to fair value measurement than ever on a global dimension. The view of accounting, however, will have a limited influence on revenue recognition, which forms a basis of income determination in accounting. In sum, the study demonstrates that the current convergence accelerates an institutional change in the Japanese societal system as a whole.
|
