国际会计复习资料 2.doc

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1、Chapter1:WhatisInternationalAccounting?Domesticaccounting:aninformationspecialtyprovidinginformationaboutafirmtousersofthatinformationasabasisforeconomicdecisions.Internationalaccounting(defined):sameasaboveexceptthatthefirmbeingreportedonisamultinationalcompany

2、withoperationsandtransactionsthatcrossnationalboundariesoranentitywithreportingobligationstonon-domesticreaders.WhatDoesInternationalAccountingDiversityEntail?MeasurementprinciplesFinancialdisclosure(corporatetransparency)AuditingpracticesContributingFactorslAcc

3、ounting’sinternationalheritageDouble-entryoriginatesintheItaliancitystates.BookkeepingspreadstoGermanyandassiststhespreadofcapitalism.Dutchenhanceincomemeasurement.Frenchuseaccountingforgovernmentalplanningandcontrol.DoubleentryassiststheBritishinmanagingandcont

4、rollingcommercialinterestsinthecolonies.AccountingplaysamajorroleintheU.S.industrialrevolution.lParadoxofinternationalaccountingInmanycountries,accountingremainsanationalisticaffair.Accountingservespeopleandinstitutionswhosedecisionsareinternationalinscope.Accou

5、ntingdiversitycreatesademandforharmonization.lGrowthandspreadofmultinationaloperationslReportingissueswhenbusinesstranscendsnationalboundariesConsolidationofforeignaccountsAccountingforforeigncurrencyfluctuationsAccountingforchangingpricesInternationalplanningan

6、dcontrolPerformanceevaluationofforeignoperationsFinancialriskmanagementInternationaltaxationandtransferpricinglFinancialinnovationIdentifyingpotentialmarketrisksQuantifyingtrade-offsassociatedwithalternativeriskreductionstrategiesMeasuringriskexposuresAccounting

7、forspecifichedgeproductsEvaluatingtheeffectivenessofhedgingprogramslGlobalcompetitionCompetitivebenchmarkingnecessitatesinternationalcomparisons.lCross-bordermergersandacquisitionsCorporatevaluationisafunctionofaccountingmeasurementsthatvaryfromcountrytocountry.

8、lInternationalizationofcapitalmarketsRaisingexternalfinanceabroadmeansthatfinancialreportsmustincreasinglytravelinternationally.lReportingissuesassociatedwithinternat