The Cost-Benefit Analysis of the U.S. Conversion from GAAP to IFRS
Dublin Core
Title
The Cost-Benefit Analysis of the U.S. Conversion from GAAP to IFRS
Subject
Hudelson, Alexandra
Description
64 leaves. Includes bibliographic references.
Format
PDF, 1.36MB
Type
Undergraduate Honors Thesis
Identifier
Hudelson_Thesis_Fa2018_The Cost-Benefit Analysis of the U.S. Conversion from GAAP to IFRS-Final.pdf
Abstract
This research paper is designed to explore the costs and benefits regarding the effects of
the United States switching from the U.S. Generally Accepted Accounting Principles to the
International Financial Reporting Standards. The beginning of the paper will explain specific
aspects of each the domestic standards and international standards along with some of the
main differences between the two. Research will, then, advance further into exploring the
benefits of convergence on international trade, taxes, and investing. The influence of world
trade in today’s business transactions will be examined as well. The costs of this conversion will
then be analyzed using evidence from when other countries had made the switch to require
IFRS. Throughout this paper, it should be made clear whether the benefits of switching to IFRS
from U.S. GAAP outweigh the costs.
the United States switching from the U.S. Generally Accepted Accounting Principles to the
International Financial Reporting Standards. The beginning of the paper will explain specific
aspects of each the domestic standards and international standards along with some of the
main differences between the two. Research will, then, advance further into exploring the
benefits of convergence on international trade, taxes, and investing. The influence of world
trade in today’s business transactions will be examined as well. The costs of this conversion will
then be analyzed using evidence from when other countries had made the switch to require
IFRS. Throughout this paper, it should be made clear whether the benefits of switching to IFRS
from U.S. GAAP outweigh the costs.
Date Accepted
December 11, 2018
Collection
Citation
“The Cost-Benefit Analysis of the U.S. Conversion from GAAP to IFRS,” Central Methodist University Thesis and Article Repository, accessed May 3, 2024, https://cmuthesesandarticles.omeka.net/items/show/3.