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Abstract
As each country has its own rules of the society based on its own history and culture, introduction of new accounting standards will have different effect among countries. IFRS 2 Share-based Payment affected accounting standards in Malaysia and Japan. FRS 2 in Malaysia and ASBJ Statement 8 in Japan both adopted modified grant date fair value accounting for stock options. But the situation of stock option plans, not only before, but also after the adoption of modified grant date fair value accounting, are different between Malaysia and Japan. In Malaysia, although the culture is different from the USA, similar reaction was observed. In Japan, different reaction, namely, shift toward restricted stock type stock option plan was observed. In this paper, history of accounting, taxation, and law are compared and analyzed to clarify that the difference of the rules in each society affects the outcome of new accounting standards.
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Abstract
As each country has its own rules of the society based on its own history and culture, introduction of new accounting standards will have different effect among countries. IFRS 2 Share-based Payment affected accounting standards in Malaysia and Japan. FRS 2 in Malaysia and ASBJ Statement 8 in Japan both adopted modified grant date fair value accounting for stock options. But the situation of stock option plans, not only before, but also after the adoption of modified grant date fair value accounting, are different between Malaysia and Japan. In Malaysia, although the culture is different from the USA, similar reaction was observed. In Japan, different reaction, namely, shift toward restricted stock type stock option plan was observed. In this paper, history of accounting, taxation, and law are compared and analyzed to clarify that the difference of the rules in each society affects the outcome of new accounting standards.