tailieunhanh - Lecture International accounting (4/e): Chapter 9 - Timothy Doupnik, Hector Perera

Chapter 9 - Additional financial reporting issues. After completing this unit, you should be able to: Explain the concepts underlying two methods of accounting for changing prices (inflation) - general purchasing power accounting and current cost accounting; describe attempts to account for inflation in different countries, as well as the rules found in International Financial Reporting Standards (IFRS) related to this issue; discuss the various issues related to the accounting for business combinations and the preparation of consolidated financial statements (group accounting);. | Chapter 9: Additional Financial Reporting Issues Learning Objectives Explain the concepts underlying two methods of accounting for changing prices (inflation)—general purchasing power accounting and current cost accounting Describe attempts to account for inflation in different countries, as well as the rules found in International Financial Reporting Standards (IFRS) related to this issue Discuss the various issues related to the accounting for business combinations and the preparation of consolidated financial statements (group accounting) Present the approaches used internationally to address the issues related to group accounting, focusing on IFRS Describe IFRS segment reporting requirements 9-2 Inflation Accounting – Impact on financial statements Impact of inflation on financial statements Understated asset values Overstated income and overpayment of taxes Differing rate of inflation Differing impacts across companies Lack of comparability 9-3 Purchasing Power Gains and Losses Historical cost ignores Purchasing power gains and losses During inflation Holding cash and receivables Purchasing power losses Holding monetary liabilities Purchasing power gains Two approaches to inflation accounting General purchasing power accounting Current cost accounting 9-4 Approaches to inflation accounting General purchasing power Adjusts historical costs of assets Updates currency purchasing power changes Referred as General price-level-adjusted historical cost (GPLAHC) accounting Purchasing power gains and losses included in net income 9-5 Approaches to inflation accounting Current cost accounting Accounts specific price changes Updates assets value From historical cost to the current cost Referred as Current Replacement Cost Accounting (CRC) Nonmonetary assets restated To current replacement costs Expense items based on restated costs Holding gains and losses included in equity 9-6 Inflation Accounting Internationally United States In 1979, (FASB) SFAS 33, Financial . | Chapter 9: Additional Financial Reporting Issues Learning Objectives Explain the concepts underlying two methods of accounting for changing prices (inflation)—general purchasing power accounting and current cost accounting Describe attempts to account for inflation in different countries, as well as the rules found in International Financial Reporting Standards (IFRS) related to this issue Discuss the various issues related to the accounting for business combinations and the preparation of consolidated financial statements (group accounting) Present the approaches used internationally to address the issues related to group accounting, focusing on IFRS Describe IFRS segment reporting requirements 9-2 Inflation Accounting – Impact on financial statements Impact of inflation on financial statements Understated asset values Overstated income and overpayment of taxes Differing rate of inflation Differing impacts across companies Lack of comparability 9-3 Purchasing Power Gains and .

• Kế toán - Kiểm toán
• International accounting
• Lecture International accounting
• Financial reporting
• Inflation accounting
• Financial statements
• Inflation accounting internationally
• Lesson International Accounting
• International accounting main contents
• Main contents
• Accounting standards
• International convergence
• 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
• Worldwide accounting diversity
• Accounting diversity
• Consolidated financial statements
• Foreign capital markets
• 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