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

Chapter 3 - International convergence of financial reporting. After completing this chapter, students will be able to: Convergence - the buzz word in international financial reporting, other organizations involved in harmonization, the international accounting standards committee, evolution of the international accounting standards board (IASB), IASB framework and IFRS,. | Chapter Topics Convergence—the buzz word in international financial reporting. Other organizations involved in harmonization. The International Accounting Standards Committee. Evolution of the International Accounting Standards Board (IASB). IASB framework and IFRS. Use of and support for IFRS. Principles-based vs. rules-based accounting. IAS 1 and IFRS 1. Arguments for and against convergence. International convergence towards and the adoption of IFRS. Learning Objectives 1. Explain the meaning of convergence. 2. Identify the arguments for and against international convergence of accounting standards. 3. Discuss major harmonization efforts. 4. Explain the principles-based approach used by the International Accounting Standards Board (IASB). 5. Describe the proposed changes to the IASB’s Framework. Learning Objectives 6. Discuss the IASB’s Standards related to first-time adoption of IFRS and the presentation of financial statements. 7. Describe the support for and the use of IFRS across countries. 8. Examine the issues related to international convergence. 9. Describe the progress made in the IASB/FASB convergence project. 10. Explain the meaning of “Anglo-Saxon” accounting. Harmonization The process of reduction of alternatives while maintaining a high degree of flexibility in accounting practices. Term is now becoming “antiquated.” Convergence -- the adoption of one set of standards internationally. This is the main objective of the IASB. Learning Objective 1 The two “levels” of harmonization Harmonization in accounting standards, which is increased agreement in accounting rules. Harmonization in practice, which is increased agreement in actual accounting practices. Harmonization in standards may or may not result in harmonization in practice. Learning Objective 1 Is different from standardization. Harmonization allows for different standards in different countries as long as there are not logical conflicts. Standardization involves using the same standards in .

• Kế toán - Kiểm toán
• International accounting
• Kế toán quốc tế
• Bài giảng Kế toán quốc tế
• Lecture International accounting
• International convergence
• Financial reporting
• Lesson International Accounting
• International accounting main contents
• Main contents
• Accounting standards
• 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
• Worldwide accounting diversity
• Accounting diversity
• 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