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46 Vand. J. Transnat'l L. 515 (2013)
Lexis Nexus Complexus: Comparative Contract Law and International Accounting Collide in the IASB-FASB Revenue Recognition Exposure Draft

handle is hein.journals/vantl46 and id is 533 raw text is: Nexus Complexus: Comparative Contract Law and International Accounting Collide in the IASB-FASB Revenue Recognition Exposure Draft Kurt S. Schulzke* Gerlinde Berger-Walliser Pier Luigi Marchini* ABSTRACT U.S. and international accounting-standard setters plan to launch a new, global revenue accounting standard, Revenue from Contracts with Customers, in 2013. Poised at the nexus of comparative contract law and international accounting, the proposal's contract-based revenue recognition model creates new legal risks and opportunities for accountants, lawyers, clients, and financial statement users. Despite its focus on legally enforceable contracts, the proposed standard was drafted * Associate Professor of Accounting & Business Law, Director of Law, Ethics & Regulation, Corporate Governance Center, Kennesaw State University. Professor Schulzke represents corporate whistleblowers as Of Counsel at Slappey & Sadd LLC, Atlanta, Georgia. J.D., cum laude, Georgia State University College of Law; M.Acc. & B.S., Brigham Young University. 1000 Chastain Road, Stop 0402, Kennesaw, Georgia 30144, kurt - schulzke@kennesaw.edu, tel. +1770.423.6379. ** Assistant Professor of Business Law, School of Business, University of Connecticut. Dr. jur., University of Bielefeld (Germany); 2. Staatsexamen, Landgericht Heidelberg; 1. Staatsexamen, University of Bielefeld (Germany). 2100 Hillside Road, U 1041 Storrs, CT 06269, gerlinde.berger-walliser@business.uconn.edu, tel. +1860-486- 4133. *** Professore Aggregato, Dipartimento di Economia, UniversitA Degli Studi di Parma. Professor Marchini teaches international accounting and governance, and publishes on corporate social responsibility disclosures and the process of disclosing economic and financial information, particularly with respect to consolidated financial statements, business economic groups, income and equity representation schemes, and international accounting convergence toward International Financial Reporting Standards. Via Kennedy, 6 - 43125 Parma, Italy, pierluigi.marchini@unipr.it, tel. +390521032389. The authors express sincere gratitude to their spouses and children for their unfailing support during the drafting process; Catalina Castaflo for her research and commentary on Colombian law; Can Mugan (Middle East Technical University), Thomas Rautenstrauch (HWZ Zurich), Marisa Pagnattaro (University of Georgia), and a host of generous Academy of Legal Studies in Business colleagues for their insights and comments on earlier drafts. 515 Lexis

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