Webcasts – IASB Research Forum 2016

The third annual IASB Research Forum was held in conjunction with the 2016 Contemporary Accounting Research Conference on October 15 and 16, 2016 in Waterloo, Ontario. The Accounting Standards Board proudly sponsored the Forum’s webcast recordings of the research presentations and discussions, giving access to stakeholders around the world.

Below are three sessions highlighted for our stakeholders, including links to each sessions’ webcast, author presentations and discussant presentations.

Moving the Conceptual Framework Forward: Accounting for Uncertainty

Abstract: To meet the objectives of financial reporting in the IASB’s Conceptual Framework, the "balance sheet approach" embraced by the Framework is necessary but not sufficient. Critical, but largely overlooked, is the role of uncertainty, which this session argues defines the role of accrual accounting as a distinctive source of information for investors when investment outcomes are uncertain.

Authors: Richard Barker; Stephen Penman

Academic Discussant: Tom Linsmeier

IASB Discussant: Stephen Cooper, IASB member

Assets and Liabilities: When Do They Exist?

Abstract: This session investigates whether the references to probability in standard setters’ conceptual definitions of assets and liabilities cause individuals to believe that the probability of a future transfer of economic benefits must be above some meaningful threshold (or even, certain) for an asset or a liability to exist — a belief that is contrary to standard setters’ intent.

Authors: Nicole Cade; Kim Ikuta-Mendoza; Lisa Koonce

Academic Discussant: Lynn Rees

IASB Discussant: Mary Tokar , IASB member

Relative Effects of IFRS Adoption and IFRS Convergence on Financial Statement Comparability

Abstract: One of the primary objectives of both adoption of International Financial Reporting Standards (IFRS) and convergence between IFRS and U.S. GAAP is to increase financial statement comparability. Using a unique setting in Germany, this session compares the effectiveness of these two methods in achieving this desired outcome.

Authors: Steve W Lin; William Riccardi; Changjiang Wang

Academic Discussant: Pat Hopkins 

IASB Discussant: Gary Kabureck, IASB member