ABSTRACT. d'Arcy explores the impact of accounting harmonization on the comparability of financial reporting information in differing national contexts focusing on goodwill accounting in Germany and Japan. Uddin explains that harmonization of accounting standards is now at the forefront of consideration for financial reporting. Liu investigates the comparative usefulness of CAS-based and IAS-based earnings and book value to the performance of A-shares (issued to domestic investors) and B-shares (issued to international investors), measured by value-relevance, under China's market segmentation. Chand and White remark that the globalization of the world's economies has inevitably brought with it moves to establish a single set of financial reporting standards.