In addition to the ASBJ
special section, the districts' winning entries will be posted on the Magna Awards website and added to the program's searchable best practices database.
In August 2007, ASBJ
and IASB set out a plan to achieve convergence between Japanese GAAP and the international accounting rules.
According to the FASB, ASBJ
representatives discussed the current status of their projects and provided analyses of differences among U.
supports the efforts of FASB and IASB toward developing high-quality global accounting standards and is making progress with its projects to achieve convergence between Japanese GAAP and IFRS, with consideration to the progress of the joint projects by FASB and IASB.
As shown in Table 1, on March 25, 2008, at the 149th ASBJ
meeting, the ASBJ
approved the Statement No.
In Japanese GAAP, the term "Minority Interest" (Shousuu kabunushi mochibun in Japanese) was used, but in December 2009 ASBJ
tentatively agreed to consider using "Noncontrolling interest" (Hi shihai mochibun in Japanese).
In December 2004, ASBJ
published the Exposure Draft Accounting Standard for Stock Options.
Press Release: The ASBJ
and the IASB announce Tokyo Agreement on achieving convergence of accounting standards by 2011, Retrieved on July 30, 2010from https://www.
supports the efforts by the FASB and the IASB towards developing high-quality global accounting standards and is making progress with its projects to achieve convergence between Japanese GAAP and IFRSs, taking into consideration the progress of the joint projects by the FASB and the IASB.
The development of a common set of high-quality accounting standards for both domestic and international use has been a major initiative of the ASBJ
and the FASB.
Convergence--the development of a common set of high-quality accounting standards for both domestic and international use--has been a major initiative of the FASB and ASBJ
Herz, Chairman of the FASB, and Ikuo Nishikawa, Chairman of the ASBJ
, the meeting was the fourth in a series of discussions between FASB and ASBJ
designed to enhance dialogue between the two Boards in their shared pursuit of global convergence of accounting standards.