RESEARCH FRAMEWORK

Research Framework

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Research Framework

Content of Proposal

The research framework will take into consideration these research hypotheses while conducting the research:

?Attitude toward International accounting standard has significant impact on the IFRS implementation in the US

?Political, social, and cultural factors have positive effect on the International Accounting Standards implementation by domestic and foreign companies in U.S

?International Accounting Standards implementation is significant to all U.S companies operating both domestically and internationally.

The above hypothesis will either be accepted or rejected after the finding of the research. The research will also have an independent and a dependent variable, thus the independent and dependent variable are as following:

Independent Variable: It will be international accounting standards; and

Dependent Variable: It will be the companies in United States of America.

The above two variables will be the basis of the research framework and the data collected through questionnaire will help in finding out which hypothesis is accepted or which one is rejected.

Synopsis of the Research Proposal

The main aim of the research is to find out that how the firms are responding to the changes occurring in the world. The research study will find out that due to changes in the environment of the world, is there changes occurring in the accounting of the firm. In order to ensure that the firms fulfill their accounting procedures there are several accounting standards which need to be maintained. The research study will be conducted that do changes also occur in the way of performing accounting function as the changes occur in the economic and legal environment of the world. The International Accounting Standards are made to govern that the accounting information and record keeping is done according to the standards. The main aim of these Standards is to ensure that the financial information provided to the stakeholders for example shareholders, investors, customers, employees, financial institutions and etc. is accurate and transparent.

In United States of America there are two accounting standards which are used commonly that are Generally Accepted Accounting Principles (GAAP) and International Accounting Standards (IAS). The increasing globalization has increased the need of implementing other international standards like International Financial Reporting Standards (IFRS) and completely implementing International Accounting Standards (IAS). Many organizations if they would have been only operating in United States of America than following the GAAP for maintaining books of accounts and representing financial information would have been enough but as now 99% percent of the organization in United States are running their operations in many parts of the world thus they will need to prepare and represent their accounts according to the International Accounting Standards. Therefore the research will be conducted to find out the reaction of the firms regarding implementation of International Financial Reporting Standards (IFRS) and International Accounting Standards (IAS). The research has proposed to find out the pros and cons of implementation of international accounting standards.

The international accounting standards are designed by the International Accounting Standards Board (IASB) that has the responsibility of ensuring that all the firms involved in international operations or ...