小企业会计准则文献综述及外文文献.pdfVIP

本份文档包含：关于该选题的外文文献 、文献综述 一、外文文献 Small and Medium Sized Entities Managements Perspective on Principles-Based Accounting Standards on Lease Accounting Abstract Lease accounting is viewed as one of the top priorities for the International Financial Reporting Standards (IFRS) convergence. Small and medium sized entities are an important part of the economy, and this research investigates the managements perspective on the adoption of principles-based IFRS about lease accounting. This researcherinterviewed four managersfrom three different small and medium sized entities, and found the management to be more concerned about their long-term business success than the change of accounting standards. Only when the entities have a loan with the bank, then the managementfocuses on the leaseclassification. The interview also suggests that the managers and business owners in the small and medium sized entities have limited knowledge and skills in accounting reporting standards. These firms outsource their accounting needsto local accountants rather than having their own in-house departments. The other aspect of focus for management of these firms is tax consequence of IFRS adoption. The research suggests other regulatory agencies, i.e., Internal Revenue Service, should also be involved in enhancing financial statement transparency and usefulness after the adoption of accounting standards. Keywords International Financial Reporting Standards (IFRS), US General Accepted Accounting Principles (GAAP), Lease Accounting, Small and Medium Sized Entities (SME) 1. Introduction This study examines small business managements perspective on the convergence of accounting standards to International Financial Reporting Standards (IFRS) from US Generally Accepted Accounting Principles (GAAP). As the world continues to mi