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 … the mandatory adoption of IFRS has a limited impact on accounting comparability and that accounting information continues …

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 …, consistent with greater financial reporting comparability associated with mandatory IFRS adoption. These findings cannot be …

alternative objectives of financial accounting. -- decision usefulness ; valuation usefulness ; stewardship ; conservatism … 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 …

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 …

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

When SEC and FASB started considering replacing US GAAP with IFRS, the impact of this change had to be considered by … financial statements, including the Tax Administration, IRS. Since 2009, taxpayers in the U.S. are allowed to use IFRS as a … GAAP to IFRS, outlining activities such as education of field agents, technical analysis of the potential impact of changes …

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 …A roadblock exists between International Financial Reporting Standards, (IFRS) and United States Generally Accepted …