The adoption of IFRS by many countries worldwide fuels the expectation that financial accounting might become more … shaping accounting information. We provide early evidence on this debate by investigating the effects of mandatory IFRS … adoption of IFRS increases the comparability of some prominent balance sheet line items across countries, it has no clear …

peers' accounting performance around the mandatory adoption of International Financial Reporting Standards (IFRS). We find a …, consistent with greater financial reporting comparability associated with mandatory IFRS adoption. These findings cannot be … explained by changes in foreign ownership or changes in foreign operations around mandatory IFRS adoption. Furthermore, we find …

In this paper, we re-evaluate the hypothesis that the introduction of the IFRS has an impact on the timeliness of loss … recognition. We test this hypothesis in a data set of public German firms that report according to German-GAAP and IFRS …) various forms of controlling for fixed effects. We do not find evidence that IFRS and German-GAAP firms differ with respect to …

A roadblock exists between International Financial Reporting Standards, (IFRS) and United States Generally Accepted … Accounting Standards, (US GAAP) in the area of acceptable methods of inventory valuation. IFRS recognizes the First In First Out … Service, IRS. In order for the United States to adopt IFRS Accounting Standards, the elimination of LIFO would have to occur …

This paper explores determinants of tangible long-lived asset impairments under US GAAP and IFRS. Using a sample …-in delay in reporting impairments under two-step impairment testing and measuring the impairment loss at fair value. IFRS … incentives) for IFRS reporters …

IFRS 9 was introduced by the IASB in 2014 and became mandatory for fiscal years starting in 2018. It bears fundamental … specifically categorised and that IFRS 9 doesn't have an effect on long term investments by banks. The study also outlines the …

version of IFRS 9 Financial Instruments. The failure to achieve convergence on an issue of such high profile and materiality …