TAILIEUCHUNG - Lecture International accounting (4/e): Chapter 2 - Timothy Doupnik, Hector Perera

Chapter 2 - Worldwide accounting diversity. Learning objectives of this chapter include: 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 2: Worldwide Accounting Diversity Learning Objectives 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 Describe a judgmental classification of countries by financial reporting system Discuss the influence that culture is thought to have on financial reporting Describe a simplified model of the reasons for international differences in financial reporting Categorize accounting differences internationally and provide examples of each type of difference 2-2 Worldwide Accounting Diversity Nature of diversity in accounting Format Terminology Recognition rules Measurement rules 2-3 Worldwide Accounting Diversity: Reasons Legal systems Common law Fewer statutes—more court interpretation Creation of precedents or case laws Great Britain and other English-speaking countries Accounting law is detailed and specific Sources are nonlegislative organizations Code law More statutes Non-English-speaking countries Legislated accounting rules Accounting law is general Other guidance required 2-4 Worldwide Accounting Diversity: Reasons Basis for taxation Published financial statements Germany—same taxable income and book income Financial statements adjusted for tax purposes .—different taxable income and book income Difference between tax and accounting income gives rise to deferred income taxes Providers of financing Accounting and disclosure is less important where major sources are families, banks, and the government Accounting and disclosure is more important where major sources are diverse shareholders 2-5 Worldwide Accounting Diversity: Reasons Inflation Some countries have historically high rates of inflation Necessitates adjustments to offset inflation Common in Latin American countries Political and economic ties affect how accounting rules are conveyed Correlation of .

• Kế toán - Kiểm toán
• International accounting
• Lecture International accounting
• Worldwide accounting diversity
• Accounting diversity
• Consolidated financial statements
• Foreign capital markets
• 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
• Kế toán quốc tế
• Bài giảng Kế toán quốc tế
• 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
• 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