. We conclude that rather than converging U.S. GAAP with IFRS, competition between the FASB and the IASB would allow GAAP …

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 …

-year observations from European banks reporting under IFRS, in contrast to previous research conducted in the US, we find no overall …

Since 2010 a number of firms have voluntarily adopted mark-to-market (MTM) accounting for the actuarial gains and … losses associated with their defined benefit pension plans. While pension accounting rules have allowed such a choice since … accounting is driven by a combination of macroeconomic factors (a low interest rate environment), managerial opportunism related …