News Release 02/10/21

FASB, IASB, and The Accounting Review Seek Academic Research Papers for Joint 2022 “Accounting for an Ever-Changing World” Conference


Norwalk, CT, February 10, 2021—The Financial Accounting Standards Board (FASB), the International Accounting Standards Board (IASB), and The Accounting Review (TAR) have issued a joint call for academic research papers on how key standards are performing in the capital markets. Selected papers will be presented at a joint conference titled “Accounting for an Ever-Changing World,” scheduled for November 2─4, 2022, in New York City, and will be considered for publication in The Accounting Review (a publication of the American Accounting Association [AAA]).

The initiative is intended to strengthen connections between the academic and standard-setting communities and encourage academic research that supports the FASB and the IASB in their post-implementation review of recent major standards.

Call for Research Papers

Research papers should focus on the effectiveness of the FASB and/or IASB standards on revenue recognition (Topic 606 and IFRS 15, Revenue from Contracts with Customers), leases (Topic 842 and IFRS 16, Leases), and financial instruments (Topic 326, Financial Instruments─Credit Losses, and IFRS 9, Financial Instruments). Specifically, the standard-setting Boards seek information on whether the standards have:
  1. Accomplished their stated objectives
  2. Provided benefits to users of financial information
  3. Resulted in unexpected implementation or continuing application costs, or
  4. Given rise to unexpected economic consequences.
Research that examines the impact of similarities or differences between U.S. GAAP and IFRS Standards in these areas is also appropriate.

Deadline for Paper Submissions

The deadline to submit papers is May 15, 2022; early submission is encouraged. Selected papers will be presented at the conference and considered for potential publication in The Accounting Review. Papers should follow TAR’s editorial policy and be submitted via the journal homepage, along with a cover letter indicating the submission is for the joint conference. (A submission fee of $200 is required and can be paid during submission to the journal.)

More Information

For more information about the conference and links to the standards, educational materials, and information about relevant research opportunities on the FASB and IFRS Foundation websites, visit the conference website: https://aaahq.org/Meetings/2022/Accounting-for-an-Ever-Changing-World.

FASB’s March 2021 Academic Webinars on Research Topics

In support of the conference and the FASB’s ongoing post-implementation review activities, the FASB is offering three webinars for academics designed to stimulate research into Topic 606, Revenue from Contracts with Customers, Topic 842, Leases, and Topic 326, Financial Instruments─Credit Losses. Offered free of charge, the webinars will provide background on the relevant standards and insights into potential research questions:
 
Date Topic
Friday, March 5, 2021 Topic 842, Leases
Friday, March 19, 2021 Topic 606, Revenue from Contracts with Customers
Friday, March 26, 2021 Topic 326, Financial Instruments─ Credit Losses

Additional webinar details and registration links will be forthcoming at www.fasb.org/academics.


About the Financial Accounting Standards Board

 

Established in 1973, the FASB is the independent, private-sector organization, based in Norwalk, Connecticut, that establishes financial accounting and reporting standards for public and private companies and not-for-profit organizations that follow Generally Accepted Accounting Principles (GAAP). The FASB is recognized by the Securities and Exchange Commission as the designated accounting standard setter for public companies. FASB standards are recognized as authoritative by many other organizations, including state Boards of Accountancy and the American Institute of CPAs (AICPA). The FASB develops and issues financial accounting standards through a transparent and inclusive process intended to promote financial reporting that provides useful information to investors and others who use financial reports. The Financial Accounting Foundation (FAF) supports and oversees the FASB. For more information, visit www.fasb.org.