Article ID | Journal | Published Year | Pages | File Type |
---|---|---|---|---|
10489340 | Accounting Forum | 2005 | 13 Pages |
Abstract
Current trends indicate continued movement towards the harmonization of accounting standards, but not without difficulty and concern. At times, the political and financial market pressure, push the movement in opposite directions. The paper discusses the conceptual framework used in establishing Global Generally Accepted Accounting Principles (GAAP) (International Accounting Standards, IAS) and U.S. GAAP. Numerous transactional examples are illustrated under both Global GAAP and U.S. GAAP treatment. Several country specific references are presented demonstrating the difficulty in achieving harmonization. Implications for harmonization of accounting standards include arguments “for” and “against” Global GAAP.
Related Topics
Social Sciences and Humanities
Business, Management and Accounting
Accounting
Authors
Akwasi A. Ampofo, Robert J. Sellani,