POLITICAL INFLUENCES ON ACCOUNTING STANDARDS: A DISCUSSION OF GAAP & IFRS

IF 2.5 4区管理学 Q2 BUSINESS, FINANCE

Abacus-A Journal of Accounting Finance and Business Studies Pub Date : 2023-01-31 DOI:10.47153/afs31.5562023

Robert Odek, Kalundu Kimanzi

引用次数: 0

Abstract

Accounting standards, as expressions of public policy, are not constantly impartial in that they inflict benefits on some individuals in society to the disadvantage of others. This has been as a result of the power play between the US GAAP and the proponents of IFRS. This paper presents the political factors affecting the accounting standard setting. The paper discusses the debate between the adoption of accounting principles (IFRS) or accounting rules (GAAP). It presents the convergence of accounting standards and the future of IFRS.

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政治对会计准则的影响:gaap和ifrs的讨论

会计标准作为公共政策的表现形式，并不总是公正的，因为它们使社会中的一些人受益，而使另一些人不利。这是美国公认会计准则与国际财务报告准则支持者之间权力博弈的结果。本文探讨了影响会计准则制定的政治因素。本文讨论了采用会计原则(IFRS)或会计规则(GAAP)之间的争论。它介绍了会计准则的趋同和国际财务报告准则的未来。

本文章由计算机程序翻译，如有差异，请以英文原文为准。

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来源期刊

Abacus-A Journal of Accounting Finance and Business Studies BUSINESS, FINANCE-

CiteScore

3.30

自引率

4.80%

发文量

期刊介绍： Since 1965 Abacus has consistently provided a vehicle for the expression of independent and critical thought on matters of current academic and professional interest in accounting, finance and business. The journal reports current research; critically evaluates current developments in theory and practice; analyses the effects of the regulatory framework of accounting, finance and business; and explores alternatives to, and explanations of, past and current practices.