Go Back   ManagementParadise.com | Management & Business Education Learning Platform Management Students Voices ( MBA,BMS,MMS,BMM,BBA) > International MBA

Global Accounting Rules Mapped Out

Discuss Global Accounting Rules Mapped Out within the International MBA forums, part of the Management Students Voices ( MBA,BMS,MMS,BMM,BBA) category; Some large American companies may begin using international accounting standards, perhaps as soon as next year. The move comes after ...



Thread Tools Display Modes
Global Accounting Rules Mapped Out
 (1 (permalink))
Maya Raichura
MayaRai has a spectacular aura aboutMayaRai has a spectacular aura about
Management Paradise Guru
Status: Offline
Posts: 42,863
Join Date: Nov 2004
Age: 56
Global Accounting Rules Mapped Out - July 20th, 2012

Some large American companies may begin using international accounting standards, perhaps as soon as next year. The move comes after the Securities and Exchange Commission voted last week to propose a “road map” for the conversion to international accounting rules. The decision could require all American companies to be on board by 2016.

The SEC’s vote pushes the global business community toward a single set of standards, which could make it easier for investors to compare international companies and make it easier for firms to raise capital.

“Chairman Cox and the commissioners should be congratulated on this bold but appropriate move,” said Professor Trevor Harris, whose research focuses on U.S. and international accounting practices. “The move will be beneficial for investors and corporations as the IFRS are sufficient and of a high quality and we will be more aligned with the rest of the world.”

However, there are concerns about how easily American companies can learn the new rules and the how uniformly the rules will be applied.

“While there are some who will try to denigrate the move, research I did in the mid-1990s indicated for practical purposes the IAS was good enough even then,” said Harris. “This move was in many ways overdue.”

Photo credit: Mike Slichenmyer


Friends: (0)
Reply With Quote

Related to Global Accounting Rules Mapped Out

Similar Threads

Thread Thread Starter Forum Replies Last Post
Solutions Manuals, Instructor Manuals, Test Banks collection 2012 Soso M General Talks 22 May 15th, 2017 07:04 PM
Accounting homework london uk Accounting Homework London Uk Sell / Buy Notes, Products, Services etc. 0 July 6th, 2012 04:17 PM
Indian banks and global challenges vengabeats Articles !! 1 January 17th, 2009 01:09 PM

Thread Tools
Display Modes

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is On
Trackbacks are On
Pingbacks are On
Refbacks are Off

ManagementParadise.com is not responsible for the views and opinion of the posters. The posters and only posters shall be liable for any copyright infringement.

Search Engine Optimization by vBSEO ©2011, Crawlability, Inc.