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ID:7296209
大小:539.91 KB
页数:18页
时间:2018-02-10
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1、3GCH0508/06/201311:3:8Page85CH5APTERTheEnvironmentofInternationalResearchLEARNINGOBJECTIVESAftercompletingthischapter,youshouldunderstand:Theinternationalaccountingenvironment.GlobalanddomesticadoptionofInternationalFinancialReportingStandards.TheInternatio
2、nalAccountingStandardsBoardanditsstructure.Thestandard-settingprocess,includingdueprocessandtheFramework.HowtoutilizetheelectronicInternationalFinancialReportingStandardstoconductresearch,includingtheStandardshierarchy.INTERNATIONALACCOUNTINGENVIRONMENTInter
3、nationalcompetitionhasforcedmanyfirmstolooktonewmarketsandinvestorstoRESEARCHTIPSfinancetheexpansionormodernizationneededtoremaincompetitiveinworldmarkets.TheAICPAwebsiteIncreasinglyinternationalizedcapitalmarketsresultinaneedforinternationally(www.ifrs.com)com
4、parablefinancialstatementsandaccountingstandards.Accountingprinciplesprovidesanandreportingpracticesarethebusinessworld’smeansofcommunicationandshouldabundanceofIFRSmovefreelyacrossnationalboundaries.information.Differentaccountingprinciplesgrewoutofthedivergen
5、teconomicandsocialenvironmentsoftheglobe’snationsandregions.Differencesamongnationalaccountingandauditingstandardsbecamemoredisconcertingwhentradebarriersbetweennationswerereducedduetointernationalcooperationdevelopments(e.g.,theNorthAmericanFreeTradeAgreement
6、).Effortshaveincreasedduringthepastdecadetomovenationstowardusinginternationalstandards.Themovementtowardharmonizationandconvergence1hasQUICKFACTSincludedtheactivitiesofsupranationalgroupsandindividualscholars.Figures5-1andTheadoptionofIFRS5-2depicttheglobalan
7、dU.S.IFRSconvergenceefforts,respectively,inrecentyears.requiresIncludedintheglobalcategoryaretheInternationalFederationofAccountants(IFAC),considerationoftheInternationalAccountingStandardsBoard(IASB),theOrganizationforEconomictaxes,informationsystems,investor
8、CooperationandDevelopment(OECD),andtheEuropeanUnion(EU).relations,TheIASB,throughadueprocessproceduredescribedlaterinthischapter,hasissuedcompensationplans,anumberofInternationalFi
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