INTERNATIONAL CONVERGENCE OF GOVERMENT GRANTS: A STUDY OF GHG EMISSION RIGHTS

Authors

  • Ana Isabel Mateos Universidad CEU Cardenal Herrera

DOI:

https://doi.org/10.4270/ruc.20106

Keywords:

International convergence, Goverment grants, Emission rights, Kioto Protocol

Abstract

The necessity of comparable financial information at international level in a global market of capitals is doubtless. Such information must be elaborated under high quality standards in order to achieve its objective, being essential the IASB and FASB participation in the elaboration. Since Norwalk Agreement in 2002, FASB and IASB are conducting new projects to elaborate high quality international accounting standards. The objective of this paper is to show the convergence process, in particular the state of IAS 20 Government Grants and the accounting of GHG Emission Rights. A depth revision of IAS 20 is needed in order to eliminate inconsistencies with the Conceptual Framework and to unify criteria that allow us to obtain comparable and useful financial statements form those companies that participate in different Schemes of Tradable Permits.

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Author Biography

Ana Isabel Mateos, Universidad CEU Cardenal Herrera

Doctora en Economía

Departamento de Economía

Area de Contabilidad y Finanzas

Published

2010-02-03

How to Cite

Mateos, A. I. (2010). INTERNATIONAL CONVERGENCE OF GOVERMENT GRANTS: A STUDY OF GHG EMISSION RIGHTS. Revista Universo Contábil, 6(1), 156–170. https://doi.org/10.4270/ruc.20106

Issue

Section

International Section