Comments on: One world-wide accounting language?

By: Eric Juven

Eric Juven — Sat, 19 Dec 2009 18:01:36 +0000

I agree with this article.

IFRS thoughts:

IFRS would increase asymmetrical information in a negative manner for investors. Investors would have less information about the company with the use of IFRS with comparison to GAAP. This loss of market information would affect the efficiency of investing and could decrease productivity in markets. If we are investing into companies or markets with low efficiency because of less information of where to invest our money due to IFRS there is a major opportunity loss. If our investment would have been in companies or markets with high efficiency, production would have been higher because of the higher the efficiency. The more efficient a company, the more will be done with an investor’s money.

High efficiency is an integral part of profitable business and productivity. Information is important for high efficiency.

By: ally poole

ally poole — Sat, 19 Sep 2009 14:17:55 +0000

Dear Dr.Albrecht ,
I’m a sixteen years old girl from Québec , canada.
Your article help me for my Oral exam in english . My topic is : Should it be one world language that everyone should learnd.
Thanks for you help even if it was not conscious.

Ally

By: koawhkaine

koawhkaine — Mon, 13 Jul 2009 06:58:38 +0000

In regards to what Joachim said:
“a very big percentage of companies in US now operate internationally”

What is your definition of “company?”

By my definition and “statistically speaking” this statement is incredibly inaccurate.

By: Superheater

Superheater — Mon, 16 Feb 2009 05:07:47 +0000

Bravo, Professor. IFRS is the metric system of the first decade of this millenium.

The ugly reality is that this isn’t just an argument about comparability or simplicity. The real answer is money.

The truth is the Big 4 dominates FASB. For years, they have envied the inability to pursue the a strategy they have advocated for their clients-outsourcing.

GAAP represents the principle obstacle to importing foreign nationals to fill manager, senior manager and partner ranks. If some promising “senior associate” works in London or Tokyo and wants an “internation rotation”, geographic dislocation and language can be impediments. GAAP makes it insurmountable. If they can get rid of GAAP, they can get access to a viortually unlimited supply of foreign accountants.