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Topic: Business
Number of pages / Number of words: 4 / 938
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Japan and IASB

Japan and the IASB have recently agreed to expedite the convergence between the Japanese Generally Accepted Accounting Principles (GAAP) and IFRS. The two boards will seek to eliminate major differences between Japanese GAAP and IFRS by 2008, with the remaining differences being removed by June of 2011 ...


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As a major player in the world economy, the addition of Japan to IFRS is a huge boost to the universal standard-setting process.

Challenges to Uniform Standards

1. Some Experts Doubt it’s Possible

Even with the signing of the Norwalk Agreement in 2002, some experts doubt full harmonization is possible...


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Accounting Standards Accounting in Japan Choose A Current International Accounting Standard (Ias) Or International Financial Reporting Standard (Ifrs). Briefly Summarise Its Provisions And Assess Whether The Standard Can Be Considered To Be ‘Principles-Based’ Or ‘Rules-Based’, E... Comment Letter Iasb Framework 2008 General Accepted Accounting Principles Generally Accepted Accounting Principles Generally Accepted Auditing Standards Paper Internationalization Of Accounting Standards For Consolidation - Japan Principles-Based Accounting And Rules-Based Accounting Regulations For Switching From Gaap To Ifrs Role and evolution of IASB Treatments of Goodwill and the IASB Framework Universal Accounting Standards uk and us accounting standards Generally Accepted Auditing Standards

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