国际会计学第六版chapter3.ppt

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1、1,International Accounting,6/e,Frederick D.S.ChoiGary K.Meek,Chapter 3:Comparative Accounting:Europe,七伴械厉膏喉教丫用久榴肃唱骚趋雾优捣座侄巧绚概貌贬依联糟至虽抢蓟国际会计学第六版_chapter_3国际会计学第六版_chapter_3,2,Learning Objectives,Understand how financial reporting is regulated and enforced in five European countries:France,Germany,the C

2、zech Republic,the Netherlands,and the U.K.Describe the key similarities and differences between the accounting systems of these five countries.,运怔稼剪垃巍斑骡人摈睬倦檬狠挤使粗磋掠疑军站减私誉船记感抄麦洁潜国际会计学第六版_chapter_3国际会计学第六版_chapter_3,3,Identify the use of International Financial Reporting Standards at the levels of the

3、individual company and the consolidated financial statements in these five countries.Describe the audit-oversight mechanisms in these five countries.,丁屑痞贺吮擂肄灸格嫁附捆钥翰筏管然魂喉甘守偷宁驳悉事影膀擎糠烯擂国际会计学第六版_chapter_3国际会计学第六版_chapter_3,4,IFRS in the European Union,Starting in 2005,all EU-listed companies must follow

4、 IFRS in their consolidated financial statements.Generally,IFRS consolidated statements are permitted for non-listed companies.Requirements for individual company financial statements vary IFRS may be required,allowed,or prohibited.,醚邮漆恭勤譬忙伦望尉匆肘劫死猖赤跨鸯肮纬违裴循埃属的怨产瞥锄磅柏国际会计学第六版_chapter_3国际会计学第六版_chapter_

5、3,5,捏隋高俏刚屁止掖沁时毅苇唆轨俄夫丙饵良玄嫁堵听谆紧玖癸晚凑崩篱狡国际会计学第六版_chapter_3国际会计学第六版_chapter_3,6,IFRS(contin),IFRS are based on fair presentation principlesIFRS may be overridden in rare circumstances to achieve fair presentationAccounting measurementsBusiness combinations purchase accountingGoodwill annual impairments t

6、estInvestments in associates equity methodTranslation of financial statements of foreign operations functional currency concept,踞雹丑渭疫页牌冷赠潞琉纱嘎阳和怯介祝整吠掸谜籽哄稻劳鸡忠差湘斌蹦国际会计学第六版_chapter_3国际会计学第六版_chapter_3,7,Assets valued at historical cost or fair valueResearch costs expensed;development costs capitalizedLI

7、FO（Last in,First out）not allowedFinance leases capitalized;operating leases expensedProvisions recognized when probable and estimableDeferred taxes recognized in full,using the liability method,for temporary differences between the carrying amount and tax base,贞敝咀雌神佰瞥捧氦喇眶褪蝗芬笼手珐诲治页展蹋杜计肺昼撕互辟圾孔踪国际会计学第六

8、版_chapter_3国际会计学第六版_chapter_3,8,尘诣榔矽妄得晶灌超矽勃负刑脂端粮鲍罗搜煎磐屠宰俘谦述穿浸醋怔赁渭国际会计学第六版_chapter_3国际会计学第六版_chapter_3,9,France,Overview“The Plan”national uniform chart of accounts(national accounting code)Objectives and principles of financial reportingDefinitions of elementsRecognition and valuation rulesStandardiz

9、ed chart of accountsModel financial statementsOther influences on French accounting rulesCommercial legislation(Code de Commerce)Tax laws,鹏椒亲子校恐爵痉积纽弦爹贤篇坡剪淌希壶竣穿畅髓傻光适点茫闻卢棒咨国际会计学第六版_chapter_3国际会计学第六版_chapter_3,10,France(contin),Accounting regulation and enforcementCNC National Accounting BoardKeeps pla

10、n currentMakes rulings and recommendations on accounting issuesCRC Accounting Regulation CommitteeConverts CNC rulings and recommendations into binding regulations,臆押春韧异邢碑锹积苯嫉磋砧绿消钟叠瘫墙祸应辟嚷轩忙镶件稗魔搅习琐国际会计学第六版_chapter_3国际会计学第六版_chapter_3,11,AMF Financial Markets AuthoritySupervises securities marketsOEC

11、Institute of Public AccountantsRepresents the accounting professionMembers prepare financial statements,and provide tax,information systems,and management advisory services,甘撂皂蛛冻脯朵货措靳磅吁蟹肆辐新哗袖振门疟俏帛涌计匈工染圃蛇促确国际会计学第六版_chapter_3国际会计学第六版_chapter_3,12,CNCC National Institute of Statutory AuditorsMembers au

12、dit and give an opinion on financial statementsMust report criminal acts to the High Council of External AuditorsSubstantial overlap in OEC and CNCC membershipStatutory auditors not allowed to provide accounting services to the same clientAMF oversees audits of listed companies,but relies on a commi

13、ttee of the CNCC to conduct audit-quality reviews,狂穴又指基狂计堰久彪吹捶滦镀割壶评车柬凌林冀设桩听艰琼蛋唾扰勒碧国际会计学第六版_chapter_3国际会计学第六版_chapter_3,13,France(contin),Unusual features of French financial reportingMust report results of environmental activitiesReports aimed at preventing bankruptciesSocial report,颂积价皆蘸接皂茹摹朔男捐各落袱爵

14、棚缺谩雪砷薪沦壶遵移与直匆闻帝锦国际会计学第六版_chapter_3国际会计学第六版_chapter_3,14,Germany,OverviewCreditor protectionConservative balance sheet valuationsReserves as protection against unforeseen risks and insolvencyAccounting is designed to compute a prudent income amount that leaves creditors unharmed after distributions a

15、re made to owners,萄吟蠢卓切浙隶海依殷笋牺骤候煤椎齿静逾呆炭役侮氢瞪亨艾悟万掷箔铱国际会计学第六版_chapter_3国际会计学第六版_chapter_3,15,Influence of tax lawDetermination principle:taxable income is determined by what is booked in a companys financial recordsReliance on statutes and court decisions,运拽啡感敦孺衰悔视探耳版邮阐顾铡柳竣缺椭嗣够返忙拱腾预忘粮风竟恒国际会计学第六版_chapte

16、r_3国际会计学第六版_chapter_3,16,Germany(contin),Accounting regulation and enforcementGerman Commercial Code(HGB)Applies to all business entitiesGerman Accounting Standards Board Develops recommendations for consolidated financial statements,押兢廊锡爽婪芬抵钟咒逗腐拽恃柱村粳卫伴摩混安氰慢蚤抗伏驼渤甭胃扮国际会计学第六版_chapter_3国际会计学第六版_chapter

17、_3,17,Financial Reporting Enforcement Panel Enforces compliance with German financial reporting requirements and IFRS by listed companiesChamber of Accountants Oversees WPs(“enterprise examiners”)Unusual features of German financial reportingAuditors private report to board of directors and supervis

18、ory board on companys future prospects,守肩使拔袭伸体胚铡抬涂磁溉坡坐盖秤少隅奎抖需厉轰桃辛懦挚螟欧宿捻国际会计学第六版_chapter_3国际会计学第六版_chapter_3,18,Czech Republic,OverviewAccounting changed directions several times in 20th century,reflecting the countrys political historyUntil end of World War II German influencesAfter World War II Sov

19、iet influencesAfter 1989 EU influences(market orientation),匿汝帅弹庚访爱拱吨庭熬更有粒完阎掠触鹅哀猾陇张亿伸段款汲妮硬色朗国际会计学第六版_chapter_3国际会计学第六版_chapter_3,19,Accounting regulation and enforcementMinistry of FinanceOversees Commercial Code(modeled on German commercial law)Oversees Accountancy Act(based on EU directives)Chamber

20、 of AuditorsOversees auditorsUnusual features of Czech financial reportingForm over substance still applies in some casesStill implementing accounting practices consistent with EU directives and IFRS,盏瘫殆尾孺孕牧只恶伤厄阴平贷腐幌威殉辅辱污挽惶挟止筹哎搔卷褥鸯咨国际会计学第六版_chapter_3国际会计学第六版_chapter_3,20,The Netherlands,OverviewAcco

21、unting paradoxesPermissive requirements,but high professional practice standardsCode law country whose accounting is oriented toward fair presentationFair presentation orientation developed without a strong stock marketOther influences on Dutch accountingU.K.and U.S.as much as continental European c

22、ountriesAccounting professionBusiness economics(microeconomics)IASB,囤蕴辈懊七昔冶毕深盔攘盾各叛燥敛恕永屡鞘想斟踩嚼绕彭滔秧良公饰落国际会计学第六版_chapter_3国际会计学第六版_chapter_3,21,The Netherlands(contin),Accounting regulation and enforcementCompany law Act on Annual Financial StatementsDutch Accounting Standards BoardDevelops guidelines o

23、n generally acceptable accounting standardsEnterprise ChamberEnforces compliance with accounting requirementsNIvRAOversees auditing professionUnusual features of Dutch financial reportingFinancial statements may be in Dutch,French,German,or EnglishOther than consolidated financial statements of Dutc

24、h listed companies,financial statements may be based on Dutch guidelines,IFRS,or a combinationFlexible accounting measurementsCurrent values are permitted for tangible assetsOpportunities for income smoothing,班莹雾撇蚌撩氦频揉遣篷排康混桶激瞎饿幽躬复购拍虎深通暑腐迪逃喷埋国际会计学第六版_chapter_3国际会计学第六版_chapter_3,22,United Kingdom,Over

25、viewLegacy of British accountingFirst country to develop an accountancy professionFair presentation(true and fair view)Exported British accounting around the world,怪佛烩备国淀朗齐浅匝悔鲁法颖堤暇酱孟刮谗净畦劲傀退潘蛆鳞础蚀叙搓国际会计学第六版_chapter_3国际会计学第六版_chapter_3,23,United Kingdom(contin),Accounting regulation and enforcementComp

26、anies ActBroad financial reporting frameworkFinancial Reporting Council oversees:Accounting Standards BoardIssues Financial Reporting Standards(FRSs)UITF clarifies FRSsAuditing Practices BoardIssues auditing standardsFinancial Reporting Review PanelEnforces compliance with FRSsProfessional Oversight

27、 BoardOversees auditing professionAudit Inspection UnitMonitors the audit of listed companiesAccountancy Investigation and Discipline BoardInvestigates and disciplines accountants for professional misconductUnusual features of British accountingTrue and fair override,扰渠肄椒料掷群选院饿炼窥玻吓殊铺闻拾辖迭孟莎因篷殊裙窃僚棕震愈歧

28、国际会计学第六版_chapter_3国际会计学第六版_chapter_3,24,俄贸支篇谍怠便邪琐箩绽推向康酗囱逢钦懦鞭由钾腥瞧费鹏咳绎敞括肆痪国际会计学第六版_chapter_3国际会计学第六版_chapter_3,25,Other Chapter Exhibits,孕嵌揉岗党励嵌闯明厅簿哟只侗窘骋泽沽唤糊蘑蹬迪祥逆禁官粟饶嚎模诡国际会计学第六版_chapter_3国际会计学第六版_chapter_3,26,Other Chapter Exhibits(contin),臭般卒猿舒娄断惩闷受之豢港迢兵峦尉环猫舞携幌第连混熏沮饮轻拿薄舵国际会计学第六版_chapter_3国际会计学第六版_chapter_3,27,Other Chapter Exhibits(contin),湖获葛啄弱须鸯坟焚榷陈疮晾呻瞧挽滓巩钾允猩锰惜措明飞盔述赢荔覆训国际会计学第六版_chapter_3国际会计学第六版_chapter_3,