国际会计学第六2

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1、InternationalAccounting,6/eFrederickD.S.ChoiGaryK.MeekChapter5:ReportingandDisclosure1LearningObjectivesDistinguishvoluntaryandmandatorydisclosureandtheapplicableregulatorymeasures.Identifythebroadobjectivesforaccountingdisclosuresystemsininvestor-orientedequitymarkets.2Discuss“triple-bottomline”

2、reportingandwhyitisagrowingtendencyamonglargemultinationalcorporations.Haveabasicunderstandingofthefollowingselectedcorporatefinancial-disclosurepractices:(a)disclosuresofforward-lookinginformation,(b)segmentdisclosures,(c)socialresponsibilityreporting,(d)specialdisclosuresfornon-domesticfinancia

3、lstatementusers,and(e)corporategovernancedisclosures.3DevelopmentofDisclosureVoluntarydisclosureVoluntarydisclosuresareincreasingasinvestorsdemandmoredetailedandtimelyinformation.Butmanagers’incentivesfordisclosurearen’talwaysalignedwiththoseofinvestors.Disclosureregulationsandthirdpartycertifica

4、tioncanimprovethefunctioningofcapitalmarkets.4DevelopmentofDisclosure(contin)RegulatorydisclosurerequirementsStockexchangeswanttobesurethatinvestorshaveenoughinformationtoevaluateacompany’sperformanceandprospects.Disclosureprotectsinvestors,butshareholderprotectionvariesacrosscountries.5Twinobjec

5、tivesofinvestororientedmarkets(FrostandLang1996):InvestorprotectionInvestorsareprovidedwithmaterialinformation.Andareprotectedthroughmonitoringandenforcement.MarketqualityMarketsarefair,orderly,andefficient.Andfreefromabuseandmisconduct.6SECfinancialreportingdebateForeignregistrantsmustfurnishfin

6、ancialinformationsubstantiallysimilartothatrequiredofdomesticcompanies.Mustreconcilenetincomeandstockholders’equitytoU.S.GAAPiftheregistrantusesanotherGAAP.DoSECrequirementsdeterforeigncompaniesfromlistingtheirsecuritiesintheU.S.?OrdotherequirementsprotectinvestorsandensurethequalityofU.S.capital

7、markets?Sarbanes-OxleyrequirementsarealsobelievedtodeterforeigncompaniesfromlistingintheU.S.7ReportingandDisclosurePracticesForward-lookinginformationIncludesForecastsofrevenues,income,cashflows,capitalexpendituresPros