America vs. Europe. The battle between accounting standard setters

Inhaltsverzeichnis (Table of Contents)

• Chapter 1 History FASB / IASB
• The International Accounting Standards Board (IASB)
• Chapter 2 Standard Setting Process
• Chapter 3 Research Outline
• Chapter 4 Research
• Chapter 5 Results and Discussion

Zielsetzung und Themenschwerpunkte (Objectives and Key Themes)

This research aims to determine whether worldwide applicable financial accounting standards will become more American or more European. The focus is on the convergence process between US GAAP and IFRS, specifically examining one-way convergence exposure drafts issued by the FASB and IASB from 2005 to 2009.

• The convergence process between US GAAP and IFRS
• The impact of one-way convergence exposure drafts on the development of accounting standards
• The relative influence of US GAAP and IFRS on the convergence process
• The implications of the convergence process for global financial reporting

Zusammenfassung der Kapitel (Chapter Summaries)

Chapter 1 provides a historical overview of the FASB and IASB, outlining the reasoning behind the need for standard setters and their respective missions. Chapter 2 details the standard setting process, providing context for the subsequent research. Chapter 3 outlines the research methodology and approach used to investigate the convergence process. Chapter 4 presents the core research findings, analyzing the comment letters issued on one-way convergence exposure drafts. Chapter 5 summarizes the results and provides a concluding discussion, drawing insights from the research and highlighting its implications for the future of accounting standards.

Schlüsselwörter (Keywords)

The key focus of this research lies in the convergence process between US GAAP and IFRS, with a particular emphasis on one-way convergence exposure drafts, comment letters, and the relative influence of American and European perspectives on the development of global accounting standards.