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 on the comparability of financial accounting information around the world. Our results suggest that while mandatory …

peers' accounting performance around the mandatory adoption of International Financial Reporting Standards (IFRS). We find a … post-adoption increase in the use of Relative Performance Evaluation (RPE) based on foreign peers' accounting information …

of financial accounting, because the Boards view stewardship and valuation usefulness as compatible sub … widely agreed that asymmetric timely earnings increase the contractual efficiency of accounting information, I first test … whether firms with more asymmetric timely earnings produce more valuation-useful financial accounting information. Second, I …

The paper analyses the effects of three sets of accounting rules for financial instruments - Old IAS before IAS 39 … restrictive hedge accounting rules, banks cannot adequately portray their best practice risk management activities under Current … IAS or US GAAP. We demonstrate that - contrary to assertions from the banking industry - mandatory FFV accounting …

, respectively. The parallel use of the two accounting standards in Germany provides a unique opportunity to contribute to the …

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 …

changes in the accounting requirements for financial instruments, especially in the areas of recognition, categorisation and …

.S. Financial Accounting Standards Board (FASB) and the International Accounting Standards Board (IASB) worked towards the … development of expected-loss-based methods of accounting for credit-loss impairment. Their work included an ultimately …

This paper discusses arguments for and against introducing competition into the accounting standard-setting process in … leadership in making accounting rules; (2) the increased risk of a "race to the bottom" under regulatory competition; (3) the … inability of most users of financial reports to understand the complex technical issues underlying accounting standards; (4) the …