HARMONIZING FINANCIAL REPORTING STANDARDS GLOBALLY CHAPTER 2 HARMONIZING FINANCIAL REPORTING STANDARDS GLOBALLY

LEARNING OBJECTIVES: 1. Recognize the arguments for and against harmonization 2. Identify the pressures for and the obstacles to harmonization

LEARNING OBJECTIVES: 3. Become familiar with the main organizations involved in harmonization 4. Examine the various harmonization scenarios 5. Compare harmonization approaches in EU and ASEAN

CHAPTER OUTLINE I. Rationale for Harmonization II. Pressures for Harmonization III. Obstacles to Harmonization IV. Measuring Harmonization

V. Supranational Organizations Engages in Accounting Harmonization VI. Harmonization Scenarios

VII. Current Evidence on Harmonization (1) Global (2) Regional (3) A Tale of Two Regions - Comparing ASEAN to EU