第一章chapter_1.ppt

choi meek 6 e 1 internationalaccounting 6 e frederickd s choigaryk meek telq 450315412 choi meek 6 e 2 任明川 改编 弗雷德里克 d s 乔伊 frederickd s choi 作者 加里 k 米克 garyk meek 作者 choi meek 6 e 3 frederickd s choi 纽约大学stern商学院名誉院长 杰出教授 会计系主任 研究方向 国际财务报告与控制 外汇会计与物价变动 会计披露的资本市场效应教育背景 1998 会计学博士 华盛顿大学1988 工商管理硕士 夏威夷大学1965 工商管理学士 夏威夷大学 复旦大学会计系副教授研究方向 英美会计 会计职业 公司报告教育背景 1998 12 博士 会计与金融学 英国赫尔大学1988 08 硕士 会计学 厦门大学1982 08 学士 会计学 安徽财经学院 任明川 contents 12chapters introduction developmentandclassification comparativeaccounting europe comparativeaccounting theamericasandasia reportinganddisclosure foreigncurrencytranslation contents 12chapters financialreportingandchangingprices globalaccountingandauditingstandards internationalfinancialstatementanalysis managerialplanningandcontrol financialriskmanagement internationaltaxationandtransferpricing choi meek 6 e 6 internationalaccounting 6 e frederickd s choigaryk meek chapter1 introduction choi meek 6 e 7 learningobjectives howisinternationalaccountingdistinctfromdomesticaccounting whatdoesinternationalaccountingdiversityentail doesinternationalaccountinghaveahistory whatfactorsarecontributingtotheimportanceofinternationalaccountingasafieldofstudy choi meek 6 e 8 whatexternalandinternalreportingissuesarisewhenbusinessandinvestingtranscendnationalborders whatismeantbytheterm globalcapitalmarkets andwhatdoesdevelopmentmeanforcapitalmarketparticipants choi meek 6 e 9 whatisinternationalaccounting domesticaccounting aninformationspecialtyprovidinginformationaboutafirmtousersofthatinformationasabasisforeconomicdecisions choi meek 6 e 10 internationalaccounting defined sameasaboveexceptthatthefirmbeingreportedonisamultinationalcompanywithoperationsandtransactionsthatcrossnationalboundariesoranentitywithreportingobligationstonon domesticreaders choi meek 6 e 11 accountingentailsseveralbroadprocesses measurementdisclosureauditing measurementistheprocessofidentifying categorizing andquantifyingeconomicactivitiesortransactions thesemeasurementsprovideinsightsintotheprofitabilityofafirm soperationsandthestrengthofitsfinancialposition disclosureistheprocessbywhichaccountingmeasurementsarecommunicatedtotheirintendedusers thisareafocusesonsuchissuesaswhatistobereported when bywhatmeans andtowhom auditingistheprocessbywhichspecializedaccountingprofessionals auditors attesttothereliabilityofthemeasurementandcommunicationprocess choi meek 6 e 12 whatdoesinternationalaccountingdiversityentail measurementprinciplesfinancialdisclosure corporatetransparency auditingpractices thehistoryofaccounting netherlands sharpenedwaysofcalculatingperiodicincome france governmentofficialsfounditadvantageoustoapplythewholesystemtogovernmentalplanningandaccountability italy double entrybookkeepingemanatedfromtheitalycity statesofthe14thand15thcenturies colonies1850 s accountingsocieties1870 s publicaccountingprofessionnorthamerica britishcommonwealth dutchaccountingmodelwasexportedtoindonesia amongotherplaces thefrenchaccountingsystemfoundahomeinpolynesiaandfrench administeredterritoriesinafrica thereportingframeworkofthegermansprovedinfluentialinjapan sweden andczaristrussia internationalizedmarketmncsthehistoryofaccountingisaninternationalhistory 20thcentury globalmonetary capitalmarket cross borderacquisitionandmergers accounting sinternationalheritage choi meek 6 e 21 contributingfactors accounting sinternationalheritagedouble entryoriginatesintheitaliancitystates bookkeepingspreadstogermanyandassiststhespreadofcapitalism dutchenhanceincomemeasurement choi meek 6 e 22 frenchuseaccountingforgovernmentalplanningandcontrol doubleentryassiststhebritishinmanagingandcontrollingcommercialinterestsinthecolonies accountingplaysamajorroleintheu s industrialrevolution choi meek 6 e 23 contributingfactors contin paradoxofinternationalaccountinginmanycountries accountingremainsanationalisticaffair accountingservespeopleandinstitutionswhosedecisionsareinternationalinscope accountingdiversitycreatesademandforharmonization factorsthatarecontributingtotheinternationalizationofaccounting internationalizedmarketmncsglobalmonetary capitalmarket cross borderacquisitionandmergersetc choi meek 6 e 25 chapterexhibits factorsthatarecontributingtotheinternationalizationofaccounting thegrowthandspreadofmultinationaloperationsaroundtheworldthephenomenonofglobalcompetitiontheincreasingnumberofcross bordermergersandacquisitionsfinancialinnovationtheinternationalizationofcapitalmarkets growthandspreadofmultinationaloperations exportandimportactivities foreigncurrencytransactions chapter6 choi meek 6 e 28 contributingfactors contin growthandspreadofmultinationaloperations choi meek 6 e 29 reportingdisclosuretaxation externalreportingissuesinclude doestranslationfromonesetofmeasurementrulestoanotherchangetheinformationcontentoftheoriginalmessage shouldaccountsofforeignoperationsbetranslatedtoparentcurrencywhenconsolidatedstatementsareprepared whichexchangeratesshouldbeemployedwhentranslatingfromonecurrencytoanother internalreportingissuesinclude whichexchangeratesshouldbeusedforbudgetingpurposes shouldforeignmanagersbeevaluatedintermsofparentcurrencyorthelocalcurrencyofthecountryinwhichthemanageroperates whichpricesshouldoneusewhentransferringgoodsorservicesbetweenmembersofthemultinationalenterprise cost market cost plusorsomeothermetric choi meek 6 e 32 contributingfactors contin reportingissueswhenbusinesstranscendsnationalboundariesconsolidationofforeignaccountsaccountingforforeigncurrencyfluctuationsaccountingforchangingpricesinternationalplanningandcontrolperformanceevaluationofforeignoperationsfinancialriskmanagementinternationaltaxationandtransferpricing choi meek 6 e 33 financialinnovation identifyingpotentialmarketrisksquantifyingtrade offsassociatedwithalternativeriskreductionstrategiesmeasuringriskexposuresaccountingforspecifichedgeproductsevaluatingtheeffectivenessofhedgingprograms contributingfactors contin globalcompetitioncompetitivebenchmarkingnecessitatesinternationalcomparisons roe netincome averageequityunadjusted 7 1 adjusted 6 2 chapter9 internationalfinancialstatementanalysis contributingfactors contin cross bordermergersandacquisitionscorporatevaluationisafunctionofaccountingmeasurementsthatvaryfromcountrytocountry e g theeinp evaluationmultiples 市盈率又称股份收益比率或本益比 是股票市价与其每股收益的比值 计算公式是 市盈率 当前每股市场价格 每股税后利润 收购一直在发生 5月13日 肯德基母公司百胜餐饮集团宣布拟溢价约30 现金收购小肥羊93 2 股权 7月11日 雀巢公司宣布 已经和徐福记的创始家族签署了合作协议 根据拟定的协议 雀巢将以21亿新加坡元 约合110亿人民币 总价收购徐福记60 的股份 徐氏家族将持有剩余的40 股份 8月24日 雀巢收购徐福记和百胜收购小肥羊的调查案 商务部已经收到了相关申报 并予以立案 现在商务部反垄断局正在依据 反垄断法 有关规定进行审查 近日 谷歌公司花125亿美元收购了手机巨头摩托罗拉公司 contributingfactors contin internationalizationofcapitalmarketsraisingexternalfinanceabroadmeansthatfinancialreportsmustincreasinglytravelinternationally meettheregulations2010年有45家中国公司在纳斯达克证券交易所上市至2011年初 纳市的中国公司数量已达167家 4月份 人人网纽交所上市麦考林 当当 搜狐etc choi meek 6 e 38 美国一券商封杀中国概念股 132家公司入黑名单 2011年06月09日美国券商盈透证券昨日宣布 由于担心一些中国公司可能存在会计违规行为 本周起已经禁止客户以保证金的方式买进部分中国公司股票 被列入 黑名单 的中国公司超过130家 其中包括麦考林 当当网 搜狐等知名企业 近期 一些中国概念股陷入财务造假风波 目前美国证交会 sec 已对多家通过 反向收购 在美上市的中国企业展开调查 内容涉及市场操控 审计及信息披露等 涉嫌造假的中国企业已经从转板上市的中小企业 向主板企业蔓延 由美国证券市场延伸至加拿大 sec主席玛丽 夏皮罗今年4月表示 自2010年12月以来 已有8家在美上市的中国公司被摘牌 今年3月以来 24家在美上市中国公司的审计师提出辞职或曝光审计对象的财务问题 19家在美上市中国公司遭停牌或摘牌 choi meek 6 e 40 chapterexhibits contin cross borderequitylistingandissuance broadenshareholderbasepromoteawareness自 月份以来 多家中国网站争相到美国纽交所 纳斯达克ipo 月 日 人人网以 中国的 概念在纽交所上市交易 融资 亿美元创中国互联网企业赴美 募资新高 月 日移动安全服务厂商网秦天下在纽交所挂牌上市 融资 万美元 月 日世纪佳缘 月 日凤凰新媒体也将分别在纳斯达克和纽交所上市 6月10日 淘米网 nyse taom 在纽交所挂牌交易 8月22日 土豆网在纳斯达克上市华尔街由此迎来 史上最密集中国互联网上市潮 baidu 2005nsdaq choi meek 6 e 42 contributingfactors contin reportingissuesassociatedwithinternationalizationofcapitalmarketshowtoanalyzeandinterpretforeignaccounts howtoreporttoforeignreaders howtoharmonizereportingstandardsinternationally summary recentdevelopmentssuchasthegrowthandspreadofmultinationaloperations internationalizationoftheworld scapitalmarkets increasedcrossbordermergersandacquisitions thephenomenonofglobalcompetitionandfinancialinnovationhaveincreasedreaderdependenceonforeignfinancialstatements anunderstandingofaccountingdifferencesandtheireffectonreportedmeasuresofprofitability efficiency solvencyandliquidityarecriticalifproperdecisionsaretobemade internationalaccountingissueshavebecomemorecomplexinrecentyearsforseveralreasons financialtransactionsarebecom