1. HARMONIZING FINANCIAL REPORTING STANDARDS GLOBALLY
CHAPTER 2
HARMONIZING FINANCIAL REPORTING STANDARDS GLOBALLY

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

3. 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

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

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

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