Most of the Eastern European countries are burdened by heavy foreign debts. Securitization could be helpful in solving the vexing problem of servicing the debt of Eastern European countries and improving their financial situation. Three formats for securitizing the loans are broadly available....

In response to de jure versus de facto issues about the convergence of accounting standards, we investigate whether non-U.S. firms (which list their shares on U.S. secondary markets and report under U.S. standards) are more likely to interpret and apply the accounting rules in a different manner...

This paper makes the case that mandatory adoption of International Financial Reporting Standards (IFRS) will lead to major structural change in accounting education, change consistent with reforms advocated by the accounting profession, the accounting academy, and academic accreditation bodies....

Most of the Eastern European countries are burdened by heavy foreign debts. Securitization could be helpful in solving the vexing problem of servicing the debt of Eastern European countries and improving their financial situation. Three formats for securitizing the loans are broadly available....