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| Author: | Tang, Q. |
| Title: | Economic consequences of the international harmonization of accounting standards: theory and its Chinese application |
| Journal: | International Journal of Accounting Education and Research
1994 : VOL. 29:2, p. 146-160 |
| Index terms: | ECONOMICS INTERNATIONAL ACCOUNTING STANDARDS |
| Language: | eng |
| Abstract: | There has been a lack of explicit theory or framework for the harmonization of accounting standards in the literature. a theoretical model is proposed here. The model evaluates the interests of both foreign users of financial statements and local groups and emphasizes the economic consequences of a suggested harmonization of accounting standards on local affected groups. While the total benefits of the harmonization need to exceed the costs incurred, the benefits and costs should be fairly distributed among affected groups. |
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