国际会计学第六版ppt课件.ppt

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1、InternationalAccounting,6/eFrederickD.S.ChoiGaryK.MeekChapter5:ReportingandDisclosure1LearningObjectivesDistinguishvoluntaryandmandatorydisclosureandtheapplicableregulatorymeasures.Identifythebroadobjectivesforaccountingdisclosuresystemsininvestor-oriente

2、dequitymarkets.2Discuss“triple-bottomline”reportingandwhyitisagrowingtendencyamonglargemultinationalcorporations.Haveabasicunderstandingofthefollowingselectedcorporatefinancial-disclosurepractices:(a)disclosuresofforward-lookinginformation,(b)segmentdiscl

3、osures,(c)socialresponsibilityreporting,(d)specialdisclosuresfornon-domesticfinancialstatementusers,and(e)corporategovernancedisclosures.3DevelopmentofDisclosureVoluntarydisclosureVoluntarydisclosuresareincreasingasinvestorsdemandmoredetailedandtimelyinfo

4、rmation.Butmanagers’incentivesfordisclosurearen’talwaysalignedwiththoseofinvestors.Disclosureregulationsandthirdpartycertificationcanimprovethefunctioningofcapitalmarkets.4DevelopmentofDisclosure(contin)RegulatorydisclosurerequirementsStockexchangeswantto

5、besurethatinvestorshaveenoughinformationtoevaluateacompany’sperformanceandprospects.Disclosureprotectsinvestors,butshareholderprotectionvariesacrosscountries.5Twinobjectivesofinvestororientedmarkets(FrostandLang1996):InvestorprotectionInvestorsareprovided

6、withmaterialinformation.Andareprotectedthroughmonitoringandenforcement.MarketqualityMarketsarefair,orderly,andefficient.Andfreefromabuseandmisconduct.6SECfinancialreportingdebateForeignregistrantsmustfurnishfinancialinformationsubstantiallysimilartothatre

7、quiredofdomesticcompanies.Mustreconcilenetincomeandstockholders’equitytoU.S.GAAPiftheregistrantusesanotherGAAP.DoSECrequirementsdeterforeigncompaniesfromlistingtheirsecuritiesintheU.S.?OrdotherequirementsprotectinvestorsandensurethequalityofU.S.capitalmar

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