search query: @author Rueschhoff, N. G. / total: 2
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| Author: | Rueschhoff, N. G. Strupeck, C. D. |
| Title: | Equity returns: Local GAAP versus U.S. GAAP for foreign issuers from developing countries |
| Journal: | International Journal of Accounting
1998 : vol. 33:3 , P. 377-389 |
| Index terms: | ACCOUNTING PRINCIPLES DEVELOPING COUNTRIES |
| Language: | eng |
| Abstract: | A number of firms from developing countries have entered the U.S. capital market by having their common shares listed on the New York Stock Exchange and the American Stock Exchange. This provides motivation to concentrate on the accounting issues faced by firms from these countries in expanding their investment base into the US capital market. The GAAP reconciliations required by the SEC for reporting in the U.S. provides the core of this investigation. The differences between foreign GAAP and US GAAP are categorized and analyzed for significance. The quantitative significance of the differences are analyzed from both the net income perspective and the stockholders' equity perspective and further using the ratio of the two, namely, the return on the equity ratio. This serves to highlight the differences in accounting principles that cause the most variation in financial reporting across borders from developing nations into the U.S. |
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