国际会计学第六版chapter1培训课件.pptVIP

Choi/Meek, 6/e * * International Accounting, 6/e Frederick D.S. Choi Gary K. Meek Chapter 1: Introduction Learning Objectives How is international accounting distinct from domestic accounting? What does international accounting diversity entail? Does international accounting have a history? What factors are contributing to the importance of international accounting as a field of study? What external and internal reporting issues arise when business and investing transcend national borders? What is meant by the term, global capital markets, and what does development mean for capital market participants? What is International Accounting? Domestic accounting: an information specialty providing information about a firm to users of that information as a basis for economic decisions. What Does International Accounting Diversity Entail? Measurement principles Financial disclosure (corporate transparency) Auditing practices Contributing Factors Accounting’s international heritage Double-entry originates in the Italian city states. Bookkeeping spreads to Germany and assists the spread of capitalism. Dutch enhance income measurement. French use accounting for governmental planning and control. Double entry assists the British in managing and controlling commercial interests in the colonies. Accounting plays a major role in the U.S. industrial revolution. Contributing Factors (contin) Paradox of international accounting In many countries, accounting remains a nationalistic affair. Accounting serves people and institutions whose decisions are international in scope. Accounting diversity creates a demand for harmonization. Contributing Factors (contin) Growth and spread of multinational operations Contributing Factors (contin) Reporting issues when business transcends national boundaries Consolidation of foreign accounts Accounting for foreign currency fluctuations Accounting for changing prices International planning and control Performance evaluation of foreign