個案資料

Pick a Number: Internationalizing U.S. Accounting is a six-chapter book published by Business Expert Press in 2014 and written by Roger Hussey, former Dean of the Odette School of Business at the University of Windsor, and Audra Ong, Associate Professor of Accounting at the Odette School of Business at the University of Windsor. In this book, the authors explain how accounting rules can impact a business's financial statements and why the lack of global regulations can pose problems for business. They review how standards are set, the progress and obstacles in establishing international standards, and the differences in US accounting versus international. They explain how the Unites States has been involved in the international process and provide insight on the overall US strategy towards international accounting standards. In Chapter 6, The End and the Beginning (pages), the authors review the basic differences between the FASB and the IASB. They highlight the different foundations in assumptions and concepts between the organizations: one uses a rules-based approach and the other uses a principles-based approach. They compare the two approaches, using leasing as an example. They also analyze the differences in each group's conceptual framework and work done to attempt convergence, and provide similar overviews on the business entity concept and regulatory acceptance. The chapter ends with an examination of the internationalization options open to the United States, a summary of scenarios, and the argument that the US will most likely remain a separate entity.

• Accounting standards
• Business law
• Financial statements