Възможности и проблеми пред сближаването на международните стандарти за финансово отчитане и общоприетите счетоводни принципи на САЩ
Opportunities and Challenges for the Convergence of the IFRS and the US Generally Accepted Accounting Accounting Principles

Author(s): Lilyana Dzhoneva
Subject(s): Politics / Political Sciences, Politics, Economy, Supranational / Global Economy, Government/Political systems, Fiscal Politics / Budgeting, Accounting - Business Administration
Published by: Университет за национално и световно стопанство (УНСС)
Keywords: IFRS; financial reporting; harmonization
Summary/Abstract: The ongoing discussion around the convergence of IFRS and US GAAP highlights the potential for financial reporting change in internationally. Such convergence would result in a single accounting language that would benefit international investors and transnational corporations. Central to this discussion are specific topics, including revenue recognition, leasing contracts, financial instruments, intangible assets, inventories and research and development expenditure. By addressing these more fundamental differences and promoting harmonization, businesses can expect greater clarity in financial reporting, improved comparability and an increase in the confidence of investors.

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