CFA一级财务报表GAAP与IFRS异同全面总结.docx

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1、READING31:FINANCIALREPORTINGSTANDARDSFRAMEWORKU.S.GAAPIFRSSimilaritiesPurposeofFrameworkTheFASBframeworkresideslowerinhierarchy.Managementisnotrequiredtoprioritizeitifnostandardisavailable.ManagementisexplicitlyrequiredtoprioritizetheIASBframeworkifthereisnostandardorinterpretationavailable.B

2、oththeframeworksaresimilarintheirpurposetoassistindevelopingandassistingstandards.ObjectivesoffinancialstatementItprovidesdifferentobjectivesforbusinessentitiesversusnonbusinessentities.Itgivesoneobjectivefordifferentbusinessentities.Bothframeworkshaveabroadfocustoproviderelevantinformationto

3、awiderangeofusers.UnderlyingassumptionsAlthoughitrecognizes,butnotgivenmuchprominenceisgiventoaccrualandgoingconcernbasis.InfactgoingconcernassumptionisnotwelldevelopedinparticularGiveimportancetoaccrualandgoingconcernbasisQualitativeCharacteristicsSamecharacteristicsbutwithahierarchy·Relevan

4、ceandReliabilityareprimaryqualities.·Comparabilityisthesecondaryquality.·Understandability,treatedasuser-specificIthasthesamecharacteristics(understandability,comparability,relevanceandreliability)butthereisnosuchhierarchy.Thecharacteristicsaresame.ApproachRulesbasedapproachinthepastbutmoving

5、towardsadoptingobjectorientedapproachPrinciplesbasedapproachFinancialstatementelements(definition,recognition,andmeasurement)PerformanceelementsElementsarerevenues,expenses,gains,losses,andcomprehensiveincome.RevenuesandExpensesFinancialPositionelementsAsset:afutureeconomicbenefit.Term‘Probab

6、le’isusedtodefineassetsandliabilitieselements.Asset:afutureeconomicresourcewithwhichfutureeconomicbenefitsareexpected‘Probable’isapartoftheframeworkrecognitioncriteria.RecognitionofelementsDoesnotdiscuss“Probable”forrecognitioncriteria.Hasseparatecriteriabasedupon“Relevance”IASBframeworkrequi

7、resthatitisprobablethatanyfutureeconomicbenefittoflowto/fromtheentity.MeasurementofelementsFASBgenerallyprohibitsrevaluationsexceptforcertaincategorieswhichmustbecarriedatfairvalue(discussedinlatertopics).Revaluationisusuallypermitted(discuss