This chapter analyzes the role of financial accounting in the German financial system. It starts from the common … perception that German accounting is rather 'uninformative'. This characterization is appropriate from the perspective of an arm … perspective is adopted. The German accounting system exhibits several arrangements that privately communicate information to …

) (previously known as International Accounting Standards (IAS)).The regulation further determined that the effective date of this … that there are still substantial differences between these twosets of accounting standards. No such study was conducted in … European Union (EU). Theaccounting standards that were accepted, are the International Financial ReportingStandards (IFRS …

The Financial Accounting Standards Board (the "FASB") presents a puzzle: How has this private standard setter managed … seriously the accounting firms' need for auditable standards. Although detailed rules can distort the overall story told by a … than political responsiveness. The FASB also set out a coherent theory of accounting, the "Conceptual Framework," to …

(SEC) but using International Accounting Standards (IAS). This study addresses two issues, (1) whether the comparability of … suggests that such differences in financial reporting tend to persist in spite of harmonization efforts of accounting standards … addition, it seems that the revisions made by International Accounting Standards Board (IASB) have not resulted in more …

, international accounting standards. Previous research into international disclosure diversity has focused on an analysis of ….Financial disclosures required by UK professional regulations and by International Accounting Standards (IASs) are summarised and classified ….The Financial Accounting Standards Board is currently examining the issue of disclosure effectiveness in the US. By highlighting …

higher value relevance of accounting amounts than rules-based standards. The latter accounting regime fosters more check box … accounting treatments not based on recognizable principles compared to the principles-based standards. These differences between …This paper compares measures of accounting quality for 654 firms that previously used rules-based Chinese GAAP and have …

higher value relevance of accounting amounts than rules-based standards. The latter accounting regime fosters more check box … accounting treatments not based on recognizable principles compared to the principles-based standards. These differences between …-based IFRS.The results suggest that principles-based standards have higher accounting quality than rules-based standards. In …

This paper is a discussion of how the People’s Republic of China is attempting to revise accounting standards …. Historically, China’s accounting standards were dominated by ‘management’ accounting and compliance and achievement of goals and … for financial reporting. IFRS seems to privilege western dialogue in the adoption and acceptance of standards if PRC …