国际会计学第六章课件

How to analyze and interpret foreign accounts? How to report to foreign readers? How to harmonize reporting standards internationally?
Choi/Meek, 6/e
Choi/Meek, 6/e
4

International accounting (defined): same as above except that the firm being reported on is a multinational company with operations and transactions that cross national boundaries or an entity with reporting obligations to non-domestic readers. 他被报告的是跨越国界的跨国公司 的公司业务和交易，或者报告义务的实体是 非国内的读者。
Choi/Meek, 6/e
13
Contributing Facttion

Competitive benchmarking necessitates international comparisons.
Choi/Meek, 6/e
14
Choi/Meek, 6/e

Internationalization of capital markets

Choi/Meek, 6/e
16
Choi/Meek, 6/e
17
Contributing Factors (contin)

Reporting issues associated with internationalization of capital markets

7
8
France
Overview
“The Plan” – national uniform chart of accounts (national accounting code)
Objectives and principles of financial reporting Definitions of elements Recognition and valuation rules Standardized chart of accounts Model financial statements
Other influences on French accounting rules
Commercial legislation (Code de Commerce)
Tax laws
9
France (contin)
Accounting regulation and enforcement CNC – National Accounting Board
Generally, IFRS consolidated statements are permitted for non-listed companies.
Requirements for individual company financial statements vary – IFRS may be required, allowed, or prohibited.
Describe the audit-oversight mechanisms in these five cpean Union
Starting in 2005, all EU-listed companies must follow IFRS in their consolidated financial statements.

3
Development of Disclosure
Voluntary disclosure
Voluntary disclosures are increasing as investors demand more detailed and timely information.
But managers’ incentives for disclosure aren’t always aligned with those of investors.
Forecasts are inherently unreliable. Legal repercussions if forecasts aren’t met.
9
Reporting and Disclosure Practices (contin)
Segment disclosures
Management development Compensation Diversity Human rights
14
Environmental reporting Impact of production processes, products, and services on
Air Water Land Biodiversity Human health
15
Water, raw material, and energy consumption Activities to reduce pollution Spending on all of the above
International Accounting, 6/e
Frederick D.S. Choi Gary K. Meek

Consolidation of foreign accounts Accounting for foreign currency fluctuations Accounting for changing prices International planning and control Performance evaluation of foreign operations Financial risk management International taxation and transfer pricing
International Accounting, 6/e Frederick D.S. Choi Gary K. Meek
Chapter 1: Introduction
Choi/Meek, 6/e
1
Learning Objectives
How is international accounting distinct from domestic accounting?
Accounting serves people and institutions whose decisions are international in scope.
Accounting diversity creates a demand for harmonization.
Choi/Meek, 6/e
9
Contributing Factors (contin)
Growth and spread of multinational operations
Choi/Meek, 6/e
10
Choi/Meek, 6/e
11