Faculty Publications

Title

The development of accounting standards in the United States and United Kingdom: The case of employers' accounting for pension costs

Document Type

Article

Journal/Book/Conference Title

Journal of International Accounting, Auditing and Taxation

Volume

2

Issue

2

First Page

171

Last Page

196

Abstract

The article compares and contrasts the development of U.S. and U.K. employers' accounting for pension costs standards to illustrate the generation of generally accepted accounting principles in the two nations. The development of pension accounting standards is considered in the context of environmental factors, the stage of evolutionary development of accounting standard-setting, and the concerns expressed by corporate commentators on perceived adverse economic consequences. As expected, the results of content analysis of nonactuarial company comments indicate that the most recent U.S. employers' pension accounting proposals were significantly more contentious than the contemporary U.K. pension proposals. © 1993.

Original Publication Date

1-1-1993

DOI of published version

10.1016/1061-9518(93)90005-E

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