Global Financial Reporting: Implications for U.S. Academics
- 1 September 2008
- journal article
- Published by American Accounting Association in The Accounting Review
- Vol. 83 (5) , 1159-1179
- https://doi.org/10.2308/accr.2008.83.5.1159
Abstract
This paper identifies challenges and opportunities created by global financial reporting for the education and research activities of U.S. academics. Relating to education, after overviewing the relation between global financial reporting and U.S. GAAP, it offers suggestions for topics to be covered in global financial reporting curricula and clarifies common misunderstandings about the concepts underlying financial reporting. Relating to research, it explains how and why research can provide meaningful input into standard-setting, and identifies questions that can motivate research related to topics on the International Accounting Standards Board’s technical agenda and to the globalization of financial reporting.Keywords
This publication has 40 references indexed in Scilit:
- Fair Value Accounting for Financial Instruments: Some Implications for Bank RegulationSSRN Electronic Journal, 2006
- Crisis and the Consolidation of International Accounting Standards: Enron, The IASB, and AmericaBusiness and Politics, 2005
- What exactly is convergence?International Journal of Accounting, Auditing and Performance Evaluation, 2005
- Accounting Choice, Home Bias, and U.S. Investment in Non‐U.S. FirmsJournal of Accounting Research, 2004
- Earnings management and investor protection: an international comparisonJournal of Financial Economics, 2003
- A Re‐examination of Disclosure Level and the Expected Cost of Equity CapitalJournal of Accounting Research, 2002
- Domestic Accounting Standards, International Accounting Standards, and the Predictability of EarningsJournal of Accounting Research, 2001
- International Accounting Differences and Their Relation to Share Prices: Evidence from U.K., Australian, and Canadian Firms*Contemporary Accounting Research, 1996
- Fair value accounting: Effects on banks' earnings volatility, regulatory capital, and value of contractual cash flowsJournal of Banking & Finance, 1995
- Capital Market Equilibrium, Information Production, and Selecting Accounting Techniques: Theoretical Framework and Review of Empirical WorkJournal of Accounting Research, 1974