The international Accounting Standards and the Usefulness of Financial Statements

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Since the globalization of the business, there exist the needs of the convergence of the accounting standards. By the other side, the convergence of the accounting standards is good for the investors should be analysis. This research tried to analyses if it is good of the convergence of the accounting standards. Through the 3 years of the research period, 2 points could be produced through the research outputs as follows. First, the convergence of the accounting standards could be catch as a connected moving of the development and the globalization of the security markets (see HU (2008a)). Second, since the economic rationality of Japanese, Chinese and Germany have been confirmed from the researches of HU (2007, 2008b, 2009a, 2009b), it will be suggested that the convergence of the government (regular body) action should be prudent.