2005 Fiscal Year Final Research Report Summary
Accounting System Choice : A study on the emerging economies' convergence issues
| Project/Area Number |
16530295
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| Research Category |
Grant-in-Aid for Scientific Research (C)
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| Allocation Type | Single-year Grants |
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| Section | 一般 |
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| Research Field |
Accounting
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| Research Institution | Kyushu University |
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Principal Investigator |
OZU Chikako Kyushu University, Graduate School of Economics, Associate Professor, 大学院・経済学研究院, 助教授 (30214167)
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| Project Period (FY) |
2004 – 2005
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| Keywords | Accounting Convergence / Emerging economies / Accounting Choice / IASB |
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| Research Abstract |
The purpose of this research is to explore accounting system choice issues facing emerging economies in the wake of financial reporting reforms brought by the IASB/FASB convergence policies. We examine how the UK and US accounting setting bodies transformed their accounting concepts and regulations to the related countries, and show the suitability of the International Accounting Standards/International Financial Reporting Standards and the US accounting Standards as a way forward for emerging economies. Inappropriate manner of adoption of accounting regulation is exposed through the experience of UK and French speaking countries. We extend the discussion to the IASB preliminary views on SME standards in order to point out why impatient convergence leads a disparity between the intended convergence objective in IASB regime and the emerging economies.
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