The development of accounting standards in the United States and United Kingdom: The case of employers' accounting for pension costs
Journal of International Accounting, Auditing and Taxation
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
DOI of published version
MacArthur, John B., "The development of accounting standards in the United States and United Kingdom: The case of employers' accounting for pension costs" (1993). Faculty Publications. 4444.