《国际会计学第六》ppt课件

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1、InternationalAccounting,6/eFrederickD.S.ChoiGaryK.MeekChapter7:FinancialReportingandChangingPricesChoi/Meek,6/e1LearningObjectivesWhatdowemeanbytheterm,changingprices?Whyarefinancialstatementsmisleadingduringperiodsofchangingprices?Whatarethevariouswaysofadjustingfinancialstatementsforchangingpr

2、ices?Choi/Meek,6/e2Doadjustmentsforchangingpricesvaryinternationally?WhatdoesIAS21havetosayaboutinflationadjustmentsinhyperinflationarycountries?Whatistherestate-translatecontroversyallabout?Isitpossibletodouble-countfortheeffectsofforeigninflation?Choi/Meek,6/e3WhatDoes“ChangingPrices”MeanandHo

3、warePriceChangesMeasured?Generalpricelevelchange:referstoamovementinthepricesofallgoodsandservicesinaneconomyonaverage.Positivepricemovementistermedinflation.Anegativepricemovementiscalleddeflation.Choi/Meek,6/e4Generalpricelevelchangesaremeasuredbyuseofageneralpricelevelindex(GPL).GPLisacostrat

4、iothatcomparesthecostofabasketofgoodsinthecurrentperiodwiththecostofthatsamebasketinapriororbaseperiod.ThereciprocaloftheGPLisameasureofthegeneralpurchasingpowerofthemonetaryunit.Choi/Meek,6/e5Specificpricechange:referstothemovementinthepriceofaspecificasset;e.g.,achangeinthepriceofinventory,pla

5、nt,orequipment.Specificpricechangesaremeasuredbyaspecificpriceindex(SPL).SPLisacostratiothatcomparesthecostofaspecificitemwithitscostinapriororbaseperiod.Choi/Meek,6/e6WhyareFinancialStatementPotentiallyMisleadingDuringPeriodsofChangingPrices?Duringperiodsofinflation,revenuesarebasedonthegenera

6、lpurchasingpowerofthecurrentperiod.Expenses,suchasdepreciationandamortization,maybebasedoncurrencyofhighergeneralpurchasingpowerbecausetheirrelatedassetsweretypicallyacquiredinthepastwhenGPLswerelower.Choi/Meek,6/e7Deductingexpensesbasedonhistoricalpurchasingpowerfromrevenuesthatexpressedincurre

7、ncyofcurrentpurchasingpoweryieldsanonsensicalindexofperformance.Choi/Meek,6/e8WhyareFinancialStatementsPotentiallyMisleadingDuringPeriodsofChangingPrices?(contin)Duringaperiodofspecificpricechanges,assetsrecordedattheirorigi