TAILIEUCHUNG - Lecture International accounting (3/e): Chapter 2 - Timothy Doupnik, Hector Perera

Chapter 2 - Worldwide accounting diversity. After completing this chapter, students will be able to: Provide evidence of the diversity that exists in accounting internationally, explain the problems caused by accounting diversity, describe the major environmental factors that influence national accounting systems and lead to accounting diversity,. | Chapter Topics Evidence of accounting diversity. Reasons for accounting diversity. Problems caused by accounting diversity. Accounting clusters. The influence of culture on financial reporting. The reason for international differences in reporting. Further evidence of accounting diversity. Learning Objectives 1. Provide evidence of the diversity that exists in accounting internationally. 2. Explain the problems caused by accounting diversity. 3. Describe the major environmental factors that influence national accounting systems and lead to accounting diversity. Learning Objectives 4. Describe a judgmental classification of countries by financial reporting system. 5. Discuss the influence that culture is thought to have on financial reporting. 6. Describe a simplified model of the reasons for international differences in financial reporting. 7. Categorize accounting differences internationally and provide examples of each type of difference. Worldwide Accounting Diversity Differences in accounting and financial reporting rules between countries. For example: Accounting for Goodwill . -- goodwill is not amortized, but is written down only if impaired. Japan and Korea – goodwill is amortized over its useful life not to exceed twenty years. Learning Objective 1 Worldwide Accounting Diversity Asset revaluation . -- upward revaluation of fixed assets is not generally allowed. European Union publicly traded companies are free to choose between two different methods for valuing their assets. Learning Objective 1 Worldwide Accounting Diversity Inflation Accounting . (and many other countries) -- financial statements are not adjusted for inflation. Latin American countries -- experience significant inflation, so financial statements are adjusted for changes caused by inflation. Learning Objective 1 Additional evidence of differences in accounting between countries Form 20-F Required by the SEC for companies using . GAAP (unless they use IFRS). Reconciles net

• Kế toán - Kiểm toán
• International accounting
• Kế toán quốc tế
• Bài giảng Kế toán quốc tế
• Lecture International accounting
• Worldwide accounting diversity
• Accounting diversity
• Lesson International Accounting
• International accounting main contents
• Main contents
• Accounting standards
• International convergence
• Financial reporting
• International accounting standard
• International federation of accountants
• Comparative accounting
• Accounting environment
• Accounting profession
• Accounting regulation
• Auditing research
• Accounting research
• International research
• Environment of international research
• International accounting environment
• International accounting standards board
• Chuẩn mực kế toán quốc tế
• International Accounting Standard 8
• Accounting policies
• Accounting estimates
• Borrowing costs
• International taxation
• International business decisions
• Corporate income tax
• Tax jurisdiction
• Corporate governance
• International trends
• International diversity
• The adjusting process
• Accrual accounting versus cash basis
• Other accounting principles
• Two categories of adjusting entries
• The adjusted trial balance
• Completing the accounting cycle
• The worksheet
• Closing the accounts
• Classifying assets
• Liabilities and payrol
• Current liabilities of known amount
• Current liabilities
• Accounting for payroll
• Inflation accounting
• Inflation accounting internationally
• Consolidated financial statements
• Foreign capital markets
• Financial statements
• International harmonization
• Comparative international accounting
• International differences
• International classification
• International Accounting Standard 39
• Financial instruments
• Financial liability
• Financial assets
• Merchandise inventory
• Accounting principles
• Inventory costing methods
• Inventory accounting
• Government grants
• Accounting for government grants
• International Accounting Standard 20
• Government assistance
• International business
• Foreign customer
• International financial reporting standards
• Intangible assets
• International transfer pricing
• Cost minimization
• International corporate social reporting
• Corporate social reporting