国际会计学第六版chapter ppt课件.ppt

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1、InternationalAccounting,6/eFrederickD.S.ChoiGaryK.MeekChapter8:GlobalAccountingandAuditingStandards1LearningObjectivesDefineandunderstandthedistinctionbetween“harmonization”and“convergence”astheyapplytoaccountingstandards.Statetheprosandconsofadoptinginternationalac

2、countingstandards.Understandwhatismeantby“reconciliation”and“mutualrecognition”ofdifferentsetsofaccountingstandards.2Identifythesixorganizationsthathaveleadingrolesinsettinginternationalaccountingstandardsandpromotinginternationalaccountingconvergence.Describethestr

3、uctureoftheInternationalAccountingStandardsBoardandhowitsetsInternationalFinancialReportingStandards.UnderstandthemajorprovisionsoftheU.S.Sarbanes-OxleyActandwhysimilarlegislationisbeingenactedinothercountries.3Standardization,Harmonization,andConvergenceStandardiza

4、tionRigid,narrowsetofrulesOne-size-fits-allapproachLessflexiblethanharmonizationorconvergenceNotthecurrentthinking4HarmonizationStandardsthatarecompatible–nologicalconflictsMeanstheeliminationofdifferencesamongexistingaccountingstandardsConvergenceMeansthegradualeli

5、minationofdifferencesinaccountingstandardsButmightalsoinvolveanewaccountingtreatmentnotinanycurrentstandardInvolvescooperativeeffortsofIASBandnationalstandard-settersNowthepreferredtermoverharmonization5ASurveyofInternationalConvergenceAdvantagesofinternationalconve

6、rgenceInvestorunderstandingandconfidenceisimproved.Investordecisionmakingisimproved.Capitalisallocatedmoreefficientlyaroundtheworld.Financialriskandcostofcapitalarereduced.Strategicdecisionmakinginmergersandacquisitionisimproved.6CriticismsofinternationalstandardsSo

7、lutionistoosimpleforsuchacomplexproblem.Stripsaccountingofitsflexibilitytoadapttodifferentsituations.Challengesnationalsovereignty.Atacticoflargeaccountingfirmstoexpandtheirmarketshare.Maycreatestandardsoverload.7ASurveyofInternationalConvergenceReconciliationandmu

8、tualrecognitionReconciliationFinancialstatementsbasedonhomeGAAP,butnetincomeandstockholders’equityreconciledtoanotherGAAP.ThisistheSECrequ