Abstract
We examine the influence of fair value accounting on the decision regarding mandatory adoption of International Financial Reporting Standards (IFRS) in Japan. Specifically, we explore the argumentative rhetoric used by stakeholder groups within the Business Accounting Council (BAC) and the myths created by those stakeholder groups to transfer their opinions in a more subtle way. The results of a content analysis of the relevant minutes of BAC meetings indicate that controversial issues on the application of fair value accounting are embedded in complex socio-economic factors, such as the importance of manufacturing activities, close relationship between accounting and taxation, and globalization of business and financing activities. The results also reveal that the rhetoric of myths is used by BAC members to oppose the mandatory adoption of IFRS.
| Original language | English |
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| Title of host publication | EAA 2017 |
| Subtitle of host publication | European Accounting Association 40th Annual Congress |
| Place of Publication | Valencia |
| Publisher | European Accounting Association |
| Number of pages | 1 |
| Publication status | Published - 2017 |
| Event | European Accounting Association Annual Congress (40th : 2017) - Valencia, Spain Duration: 10 May 2017 → 12 May 2017 |
Conference
| Conference | European Accounting Association Annual Congress (40th : 2017) |
|---|---|
| Country/Territory | Spain |
| City | Valencia |
| Period | 10/05/17 → 12/05/17 |