TAILIEUCHUNG - Lecture International financial statement analysis: Chapter 3 - CFA Institute

Chapter 3 - Financial reporting standards. This chapter describe the objective of financial statements and the importance of financial reporting standards in security analysis and valuation; describe the roles and desirable attributes of financial reporting standard-setting bodies and regulatory authorities in establishing and enforcing reporting standards, and describe the role of the International Organization of Securities Commissions;. | Chapter 3 Financial Reporting Standards Presenter’s name Presenter’s title dd Month yyyy Customization note: Standard-setting bodies and regulatory authorities for presenter’s country Learning Outcomes Describe the objective of financial statements and the importance of financial reporting standards in security analysis and valuation. Describe the roles and desirable attributes of financial reporting standard-setting bodies and regulatory authorities in establishing and enforcing reporting standards, and describe the role of the International Organization of Securities Commissions. Describe the status of global convergence of accounting standards and ongoing barriers to developing one universally accepted set of financial reporting standards. Describe the International Accounting Standards Board’s conceptual framework, including the objective and qualitative characteristics of financial statements, required reporting elements, and constraints and assumptions in preparing financial statements. Describe general requirements for financial statements under IFRS. Compare key concepts of financial reporting standards under IFRS and . GAAP reporting systems. Identify the characteristics of a coherent financial reporting framework and the barriers to creating such a framework. Describe the implications for financial analysis of differing financial reporting systems and the importance of monitoring developments in financial reporting standards. Analyze company disclosures of significant accounting policies. 1 objective of financial Reporting Objective of general purpose financial reporting To provide financial information about the reporting entity that is useful to existing and potential investors, lenders, and other creditors in making decisions about providing resources to the entity. Those decisions involve buying, selling, or holding equity and debt instruments and providing or settling loans and other forms of credit. Investors Buy, sell, or hold Lenders and other

• Tài chính doanh nghiệp
• International financial statement
• Financial statement
• International financial statement analysis
• Financial statement analysis
• Financial reporting
• Financial reporting mechanics
• Financial analysis techniques
• Financial reporting quality
• Financial decisions
• Supplementary information
• Income statements
• Balance sheets
• Cash flow statements
• Inventory valuation methods
• Long lived assets
• Noncurrent liabilities
• Credit quality
• Income taxes
• Postemployment benefit plans
• Intercorporate investments
• Multinational operations
• Evaluating quality
• International trade transactions
• Financial management
• Fundamentals of financial management
• International financial management
• Financial accounting
• International financial reporting standards
• Financial reporting standards
• Stockholders’ equity
• Financial statement auditing
• Audit planning
• Internal control
• Auditing business processes
• Financial statement audit
• Financial environments
• Accounting standards
• Stock exchange
• Joint stock companies
• Vietnam’s accounting standards
• Some fundamentals
• International differences
• Financial statements
• Financial reporting issues