Project #30010 - Accounting

 

Question

 

 

Leuz (2003) and Barth (2008) argue that the adoption of IFRS (International Financial Reporting Standards) reduce information costs to an economy, particularly as capital flows and trade become more globalized, it is cheaper for capital market participants to become familiar with one set of global accounting standards than with several local standards (Ramanna and Sletten, 2009).

 

 

 

Required:

 

Critically evaluate the above statement. Do you think that the one set of global accounting standards improves financial reporting quality?  

 

 

 

Note 1: Word limit for is 1,000.

 

Note 2: Professional marks will be awarded for format, clarity and expression.

 

Note 3: The presentation should include Introduction, Discussion, Conclusion and List of references.

 

Note 4: You will be able to collect electronic copies of articles by visiting La Trobe University Library website.

 

 

 

References:

 

Barth, M. E. 2008. Global financial reporting: Implications for U.S. Academics, The Accounting Review, Vol. 83, pp. 1159-1179.

 

 

 

Leuz, C. 2003. IAS versus U.S. GAAP: Information asymmetry-based evidence from Germany’s new market, Journal of Accounting Research, Vol. 41, 445–472.

 

 

 

Ramanna, K and Sletten, E. 2009. Why do countries adopt International Financial Reporting Standards?, Harvard Business School Accounting & Management Unit, Working Paper No. 09-102.

 

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Due By (Pacific Time) 05/12/2014 12:00 am
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