国际会计学第六版chapter1-ppt课件

1、International Accounting, 6/eFrederick D.S. ChoiGary K. MeekChapter 1: IntroductionLearning ObjectiveslHow is international accounting distinct from domestic accounting?lWhat does international accounting diversity entail?lDoes international accounting have a history?lWhat factors are contributing t

2、o the importance of international accounting as a field of study?lWhat external and internal reporting issues arise when business and investing transcend national borders?lWhat is meant by the term, global capital markets, and what does development mean for capital market participants?What is Intern

3、ational Accounting?lDomestic accounting: an information specialty providing information about a firm to users of that information as a basis for economic decisions. lInternational accounting (defined): same as above except that the firm being reported on is a multinational company with operations an

4、d transactions that cross national boundaries or an entity with reporting obligations to non-domestic readers. What Does International Accounting Diversity Entail?lMeasurement principleslFinancial disclosure (corporate transparency)lAuditing practicesContributing Factors lAccountings international h

5、eritagelDouble-entry originates in the Italian city states.lBookkeeping spreads to Germany and assists the spread of capitalism. lDutch enhance income measurement.lFrench use accounting for governmental planning and control.lDouble entry assists the British in managing and controlling commercial int

6、erests in the colonies. lAccounting plays a major role in the U.S. industrial revolution.Contributing Factors (contin)lParadox of international accountinglIn many countries, accounting remains a nationalistic affair.lAccounting serves people and institutions whose decisions are international in scop

7、e.lAccounting diversity creates a demand for harmonization.Contributing Factors (contin)lGrowth and spread of multinational operationsContributing Factors (contin)lReporting issues when business transcends national boundarieslConsolidation of foreign accountslAccounting for foreign currency fluctuat

8、ionslAccounting for changing priceslInternational planning and controllPerformance evaluation of foreign operationslFinancial risk managementlInternational taxation and transfer pricingFinancial innovationlIdentifying potential market riskslQuantifying trade-offs associated with alternative risk red

9、uction strategieslMeasuring risk exposureslAccounting for specific hedge productslEvaluating the effectiveness of hedging programsContributing Factors (contin)lGlobal competitionlCompetitive benchmarking necessitates international comparisons.Contributing Factors (contin)lCross-border mergers and ac

10、quisitionslCorporate valuation is a function of accounting measurements that vary from country to country. lE.g., the e in p/e valuation multiples. lInternationalization of capital marketslRaising external finance abroad means that financial reports must increasingly travel internationally.Contributing Factors (contin)lReporting issues associated with internationalization of capital marketslHow to analyze and interpret foreign accounts?lHow to report to foreign readers?lHow to h