Accounting convergence of intangibles : value relevance of R & D accounting treatment
Ang, Hong Nee, Church, Kimberley and Feng, Mingming 2009, Accounting convergence of intangibles : value relevance of R & D accounting treatment, in IAS 2009 : American Accounting Association : International Accounting Section Mid-year Conference proceedings, Social Science Research Network, United States.
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Title
Accounting convergence of intangibles : value relevance of R & D accounting treatment
American Accounting Association International Accounting Section Mid-Year Meeting
Publisher
Social Science Research Network
Place of publication
United States
Summary
The rapid globalization of markets has resulted in further acceleration of the worldwide convergence of accounting standards, including the development of high-quality and globally consistent accounting standards for both domestic and cross-border financial reporting. Prior studies report that earnings value relevance of U.S. companies is decreasing, and the decline is partially attributable to the immediate expensing of intangibles, like research and development (R&D). Being one of the areas of divergence, accounting for R&D was highlighted as one of the seven short-term convergence projects by the FASB and IASB. Australia's adoption of IFRS in 2005 presents an empirical setting to evaluate the value relevance of different accounting treatments for R&D, and ultimately assist financial accounting standard setters in the U.S. and abroad in finding an appropriate accounting treatment for R&D.
Language
eng
Field of Research
150399 Business and Management not elsewhere classified
Socio Economic Objective
900199 Financial Services not elsewhere classified
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