国际会计学第三章.pptVIP

Accounting measurementsIn 2003,the Department of Trade and Industry announced that, starting January 2005. All U.K. companies will be permitted to use IFRS instead of U.K. GAAP. It is extended to nonlisted U.K. company. Accounting measurements Accounting measurement Business combinations – purchase accounting Investments in associates – equity method Translation of financial statements of foreign operations – functional currency concept Deferred taxes – recognized in full, using the liability method, for temporary differences between the carrying amount(账面价值) and tax base Provisions – recognized when probable and estimable * Accounting measurement Unusual features of British accounting True and fair view Accounting measurement Goodwill Capitalize and amortize for 20 years Annual impairment test for no amortization Assets valued at historical cost or fair value Revaluation of land and buildings Research cost expensed and development cost deferred Inventory –LIFO not permitted Finance lease “ true and fair view” Companies’ financial position and operation result should be presented based on a true and fair view. Alternative information should be provided Professional judgment is needed. Accounting profession in the UK has enjoyed a substantial amount of independence More innovatory and optimistic view in accounting measurement and social responsibilities (current cost accounting system; Economic Value-added (EVA) Statement) * * Additional Chapter 3-4 Comparative international financial accounting Summary Focus on information needs of investors and creditors. Securities markets do not dominate the process of regulation. Commercial/Company law has a much wider remit Accounting requirements are for all LLCs(limited liabilities companies) and corporations Accounts present a “true and fair view” of company results * * * * * * * * * * * * * * * * * * * * * * * * * 法国会计模式的基本特征 以税务为导向的会计 由政府制定颁布全国统一的会计方案 法国证券交易委员会的影响 法国的会计职业界—分离为注册会计师协会和法定审计师协会 极度稳健和形式用于实质 积极推广社会责任会计 跨国合