Accounting Regulation in Japan by Masatsugu Sanada, Yoshihiro... - 9781032089379

Taylor & Francis

Accounting Regulation in JapanEvolution and Development from 2001 to 2015\nAuthor(s): Masatsugu Sanada, Yoshihiro Tokuga\nFormat: Paperback\nPublisher: Taylor & Francis Ltd, United Kingdom\nImprint: Routledge\nISBN-13: 9781032089379, 978-1032089379\nSynopsis\nLittle has been published on accounting standards in Japan and how they have developed. The purpose of this study is to construct a historical narrative of the interplay between accounting standards in Japan and theories of regulation.\n\nThe authors demonstrate that delegation of the authority for accounting standard setting to the private sector in Japan is incomplete, and thus, the role of the public sector remains important. In the discussion about IFRS implementation in Japan, the movement in the United States, industry opinions, and ideological conflict between fair value versus historical cost play important roles. These elements combined led to the ambiguous coexistence of four sets of accounting standards in Japan. .