2009 Fiscal Year Final Research Report
Study of the Competitive Advantage of Accounting Standards and the Mechanism of Accounting Standards Convergence
| Project/Area Number |
19530422
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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 | Kwansei Gakuin University |
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Principal Investigator |
SUGIMOTO Tokuei Kwansei Gakuin University, 経営戦略研究科, 教授 (50206695)
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| Project Period (FY) |
2007 – 2009
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| Keywords | 会計学 / 国際会計 / 会計基準 / 証券取引委員会(SEC) / 国際会計基準審議会(IASB) / 国際財務報告基準(IFRSs) / コンバージェンス(収斂) |
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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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