文档介绍：CONVERGENCE OF ACCOUNTING STANDARDS
„ An examination of the treatment of binations under the UK and US GAAP and the IFRS
„ A review of the reconciliatory Balance Sheets of 10
panies
POOJA KAUSHIK ABSTRACT
This thesis supports global convergence of accounting standards . adoption of the International Financial Reporting Standards. I have chosen the accounting treatment of intangible assets pare and analyze the increased transparency that IFRS provides in relation to the pre-IFRS UK GAAP and US GAAP. Analysis of the ‘ reconciliation of UK GAAP to IFRS’ balance sheets of panies in the United Kingdom who have adopted IFRS and their previous GAAP numbers has been used to prove the effectiveness and usefulness of the IFRS. In this thesis, I have used the stakeholder theory to sum up
the benefits of increased transparency to stakeholders.
INTRODUCTION: THESIS GOALS AND PURPOSE
With increased globalization in today’s world, there is a lot of talk in the accounting world for a unified set of standards that would serve investors and other users of financial statements worldwide. Besides cutting financial reporting costs and helping fund raising for corporations, analysts say that the standards would also provide investors with a better global insight in pany’s performance. The IFRS which
promulgated by the IASB in London are predicted by many to be the adopted global set of standards by many.
My thesis supports the global convergence of standards or the adoption of the have chosen to concentrate on one area- the accounting for binations under the pre-IFRS UK GAAP, US GAAP and the IFRS to prove that the adoption of the IFRS increases transparency in reporting.
The increased transparency has been proven-
„ By parison and evaluation of the accounting treatment under the US GAAP, pre-IFRS UK GAAP and the IFRS.
„ By the sample testing of the reconciliatory ‘UK GAAP to IFRS’ Balance Sheets
of panies.
The stakeholder theory has been applied to summarize the