Fair value accounting

controversies over the potential mandatory adoption of IFRS in Japan

Noriyuki Tsunogaya, Andreas Hellmann

Research output: Chapter in Book/Report/Conference proceedingConference 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 languageEnglish
Title of host publicationEAA 2017
Subtitle of host publicationEuropean Accounting Association 40th Annual Congress
Place of PublicationValencia
PublisherEuropean Accounting Association
Number of pages1
Publication statusPublished - 2017
EventEuropean Accounting Association Annual Congress (40th : 2017) - Valencia, Spain
Duration: 10 May 201712 May 2017


ConferenceEuropean Accounting Association Annual Congress (40th : 2017)

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