a) The United States of America and Japan have a number of differences in their accounting regulatory environments. Discuss the differences in the legal systems and in the ownership and financing of companies to explain the accounting regulatory environments and accounting practices prevailing in both countries. 

b) Discuss whether it is in the best interest of the Japanese economy to fully adopt the International Financial Reporting Standards (IFRS)? 

Answer rating: 100% (QA)

A Financial reporting framework in Japan Development of accounting standards Japanese Accounting Sta... View the full answer