| Budget Amount *help |
¥3,380,000 (Direct Cost: ¥2,600,000、Indirect Cost: ¥780,000)
Fiscal Year 2009: ¥1,300,000 (Direct Cost: ¥1,000,000、Indirect Cost: ¥300,000)
Fiscal Year 2008: ¥910,000 (Direct Cost: ¥700,000、Indirect Cost: ¥210,000)
Fiscal Year 2007: ¥1,170,000 (Direct Cost: ¥900,000、Indirect Cost: ¥270,000)
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| Research Abstract |
The increasing acceptance of the International Financial Reporting Standards (IFRSs) promulgated by the International Accounting Standards Board (IASB). While, in the United States, the Securities and Exchange Commission (SEC) retains U.S. generally accepted accounting principles (GAAP) and implicitly regarding its accounting system as superior, the Financial Accounting Standards Board (FASB) is seeking convergence between existing U.S. GAAP and IFRSs. By giving thorough consideration to a decision of the SEC accepting IFRSs financial statements as a listing requirement for foreign firms without reconciliation to U.S. GAAP, I gave an overall picture of the competitive advantage of accounting standards and the mechanism of accounting standards convergence.
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