国际会计复习资料

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

2、ionsandtransactionsthatcrossnationalboundariesoranentitywithreportingobligationstonon-domesticreaders.WhatDoesInternationalAccountingDiversityEntail?MeasurementprinciplesFinancialdisclosure(corporatetransparency)AuditingpracticesContributingFactorslAccounting’sinternation

3、alheritageDouble-entryoriginatesintheItaliancitystates.BookkeepingspreadstoGermanyandassiststhespreadofcapitalism.Dutchenhanceincomemeasurement.Frenchuseaccountingforgovernmentalplanningandcontrol.DoubleentryassiststheBritishinmanagingandcontrollingcommercialinterestsinth

4、ecolonies.AccountingplaysamajorroleintheU.S.industrialrevolution.lParadoxofinternationalaccountingInmanycountries,accountingremainsanationalisticaffair.Accountingservespeopleandinstitutionswhosedecisionsareinternationalinscope.Accountingdiversitycreatesademandforharmoniza

5、tion.lGrowthandspreadofmultinationaloperationslReportingissueswhenbusinesstranscendsnationalboundariesConsolidationofforeignaccountsAccountingforforeigncurrencyfluctuationsAccountingforchangingpricesInternationalplanningandcontrolPerformanceevaluationofforeignoperationsFi

6、nancialriskmanagementInternationaltaxationandtransferpricinglFinancialinnovationIdentifyingpotentialmarketrisksQuantifyingtrade-offsassociatedwithalternativeriskreductionstrategiesMeasuringriskexposuresAccountingforspecifichedgeproductsEvaluatingtheeffectivenessofhedgingp

7、rogramslGlobalcompetitionCompetitivebenchmarkingnecessitatesinternationalcomparisons.lCross-bordermergersandacquisitionsCorporatevaluationisafunctionofaccountingmeasurementsthatvaryfromcountrytocountry.lInternationalizationofcapitalmarketsRaisingexternalfinanceabroadmeans

8、thatfinancialreportsmustincreasinglytravelinternationally.lReportingissuesassociatedwithinternat