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时间:2020-11-24
《CFA一级财务报表GAAP与IFRS异同全面总结.docx》由会员上传分享,免费在线阅读,更多相关内容在教育资源-天天文库。
1、READING31:FINANCIALREPORTINGSTANDARDSFRAMEWORKU.S.GAAPIFRSSimilaritiesPurposeofFrameworkTheFASBframeworkresideslowerinhierarchy.Managementisnotrequiredtoprioritizeitifnostandardisavailable.ManagementisexplicitlyrequiredtoprioritizetheIASBframeworkifthereisnostandardorinterpretationavailable.B
2、oththeframeworksaresimilarintheirpurposetoassistindevelopingandassistingstandards.ObjectivesoffinancialstatementItprovidesdifferentobjectivesforbusinessentitiesversusnonbusinessentities.Itgivesoneobjectivefordifferentbusinessentities.Bothframeworkshaveabroadfocustoproviderelevantinformationto
3、awiderangeofusers.UnderlyingassumptionsAlthoughitrecognizes,butnotgivenmuchprominenceisgiventoaccrualandgoingconcernbasis.InfactgoingconcernassumptionisnotwelldevelopedinparticularGiveimportancetoaccrualandgoingconcernbasisQualitativeCharacteristicsSamecharacteristicsbutwithahierarchy·Relevan
4、ceandReliabilityareprimaryqualities.·Comparabilityisthesecondaryquality.·Understandability,treatedasuser-specificIthasthesamecharacteristics(understandability,comparability,relevanceandreliability)butthereisnosuchhierarchy.Thecharacteristicsaresame.ApproachRulesbasedapproachinthepastbutmoving
5、towardsadoptingobjectorientedapproachPrinciplesbasedapproachFinancialstatementelements(definition,recognition,andmeasurement)PerformanceelementsElementsarerevenues,expenses,gains,losses,andcomprehensiveincome.RevenuesandExpensesFinancialPositionelementsAsset:afutureeconomicbenefit.Term‘Probab
6、le’isusedtodefineassetsandliabilitieselements.Asset:afutureeconomicresourcewithwhichfutureeconomicbenefitsareexpected‘Probable’isapartoftheframeworkrecognitioncriteria.RecognitionofelementsDoesnotdiscuss“Probable”forrecognitioncriteria.Hasseparatecriteriabasedupon“Relevance”IASBframeworkrequi
7、resthatitisprobablethatanyfutureeconomicbenefittoflowto/fromtheentity.MeasurementofelementsFASBgenerallyprohibitsrevaluationsexceptforcertaincategorieswhichmustbecarriedatfairvalue(discussedinlatertopics).Revaluationisusuallypermitted(discuss
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