国际会计chapter3
会计英语Chapter 3 The Accounting Cycle
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会计英语
出版社 经管分社
If the equation is to remain in balance, any change in the left side of the equation (assets) must be accompanied by an equal change in the right-hand (either liabilities or owners’ equity). According to the debit and credit rules that we have just described, increases in the left side of the equation (assets) are recorded by debits, while increases in the right side (liabilities and owners’ equity) are recorded by credits.
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会计英语
出版社 经管分社
(1)liabilities and owners’ equity belong on the right side of the balance sheet,
CH3 国际收支
• 资本账户 Capital Account
• 官方储备账户 Official Reserves Account • 统计误差 Statistical Discrepancy
©Lou Yijiang
3-5
©Lou Yijiang
3-6
资本帐户
,资本和金融账 • 资本账户（Capital & Financial Account Account, 户）是指对资产所有权在国际间流动行为的记录。包 括金融资产的交易以及非生产／非金融资产的买卖。 • Capital Account：非生产、非金融资产的买卖是指 各种无形资产如专利、版权、商标、经销权以及租赁 和其他可转让合同的交易。
Exchange rate $
Exchange rate $
P
S
P
S
Capital Account 4 5 6 7 Direct Investment Portfolio Investment Other Investments Balance on Capital Account Statistical Discrepancies Overall Balance
20 33-20
Balance of Payments and the Exchange Rate
Credits Current Account 1 2 3 Exports Imports Unilateral Transfers Balance on Current Account $24.4 $2,096.3 ($2,818.0) ($114.0) ($811.3) $180.6 $1,017.4 $690.4 $826.9 ($18) ($2.4) $2.4 ($235.4) ($426.1) ($400) Debits
国际会计(双语)Accounting for Foreign Currency
Saturday, November 16, 2019
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Course Outline
Accounting for Foreign Currency Transactions Hedging Foreign Exchange Rate Risk Translation of Foreign Financial Statements
• Option-based derivatives, such as interest rate caps,
option contracts, and interest rate floors, in which only
one party can potentially have a favorable outcome and
the transaction date and the settlement date. • At the settlement date.
Saturday, November 16, 2019
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Accounting for Foreign Currency Transactions
Recognition of Exchange Differences • the single- transaction approach • the two- transaction approach
国际会计(双语)Test Bank for Chapter 3(answer)
Test Bank for Chapter 3
Multiple Choice Questions
1.The currency in which the parent company prepares its financial statements is the
a. base currency.
b. functional currency.
c. historical currency.
d. reporting currency.
2. The right and the obligation to trade foreign currency in the future at a set rate is a
a. currency swap.
b. currency option.
c. forward contract.
d. money market hedg
e.
3. Which of the following can give rise to foreign currency transaction exposure?
a. Selling goods whose prices are contractually denominated in a foreign currency.
b. Borrowing funds in a foreign currency.
c. Engaging in contracts to trade in foreign currency at a future date.
国际会计(双语)课程Case for chapter 3
Case 3
Angelica Corporation is headquartered in the United States and is owned entirely by U.S. investors. However, a large portion of Angelica’s manufacturing operations are located in Singapore.
“Since all of our shares are owned entirely by U.S. investors, in addition to our corporate office being here in the States, the company’s functional currency for financial reporting purposes should be the U.S. dollar,”proclaims Brent Reed, the company’s CEO, to the CFO, Alexis Pidcu. “But Brent, our Singapore subsidiary’s primary operating environment is Singapore since we source our raw materials there, set our prices based on market conditions in Singapore, and finance the operation from loan in Singapore dollars obtained from local banks. That is why we must use the Singapore dollar as our functional currency.”
国际会计课后答案 重点
第一章导论
2.会计可以被看做是包括三个部分：计量、披露和审计。这种分类的优点和缺点是什么？你能提出其他有效的分类吗？
Advantage: Some might argue that measurement, disclosure, and external auditing are three distinct (although related) processes, involving different members of the company. For example, corporate attorneys often are involved in disclosure issues, but seldom intervene in measurement ssues. The Board of Directors works with the external auditors but not necessarily with the comptroller s office. Thus, discussion of accounting requirements and voluntary accounting choices in different jurisdictions is simplified by focusing on the three components of accounting. Disadvantage: measurement, disclosure and auditing are interdependent, and should not be viewed in isolation of one another. A company choosing to disclose as little as possible, for example, may use accounting measurement approaches that reduce the information content of financial statements, and select an external auditor who will be relatively lenient in enforcing accounting requirements. One alternative classification might include accounting (measurement and disclosure), and auditing. A second classification might include financial reporting (annual and interim reporting, regulatory filings) and ad hoc disclosure (press releases, analyst meetings, etc). Any classification is arbitrary, and potentially useful depending on its purpose.
IAS国际会计准则英文版
目录
CHAPTER 1 SUMMARY
1.1 Accounting Regulation (1)
1.2 History of IASB (7)
CHAPTER 2 PRESENTATION
2.1 Framework for the Preparation and Presentation of Financial
Statements (12)
2.2 IAS1 Presentation of Financial Statements (18)
2.3 IAS7 Cash Flow Statements (25)
2.4 IAS8 Accounting Policies, Changes in Accounting Estimates and
Errors (30)
CHAPTER 3 BANLANCE SHEET AND INCOME STATEMENT
3.1 IAS2 Inventories (34)
3.2 IAS11 Construction Contracts (41)
3.3 IAS18 Revenue (49)
3.4 IAS23 Borrowing Costs (56)
3.5 IAS37 Provisions, Contingent Liabilities and Contingent
Assets (61)
3.6 IAS12＊Income Taxes (77)
3.7 IAS16＊Property, Plant, and Equipment (80)
3.8 IAS17＊Leases (84)
国际会计课件第3单元
Have a code law legal system
Rely heavily on banks and the governments as sources of finance.
The public sector is relatively more influential in standards setting.
actual practice. The role and purpose of auditing in the
countries.
3.1 Basic Concepts
P38 Accounting standards-setting organization
Accounting standard setting normally involves a
Learning Objectives
Understand how financial reporting is regulated and enforced in four highly developed European countries: France, Germany, the Netherlands, and the U.K.
expensed Provisions – recognized when probable and estimable Deferred taxes – recognized in full, using the liability
经济法第三章知识点总结归纳初级会计
经济法第三章知识点总结归纳初级会计
(中英文实用版)
Economic Law Chapter 3: Summary and Induction of Basic Accounting Knowledge
The third chapter of Economic Law mainly focuses on the basic knowledge of accounting.It is important to understand that accounting is not only a tool for businesses to record and analyze their financial transactions, but also a crucial aspect of economic activity.
该章节首先介绍了会计的基本概念和重要性。会计不仅仅是企业记录和分析财务交易的工具，也是经济活动中的重要方面。
In this chapter, we will delve into the basic principles and concepts of accounting, as well as its significance in economic activities.
接下来，章节详细介绍了会计的基本原则和概念。会计基本原则包括会计等式、收入确认原则、费用匹配原则等。会计概念则包括资产、负债、所有者权益、收入、费用等。
ext, the chapter provides a detailed introduction to the basic principles and concepts of accounting.The basic principles of accounting include the accounting equation, the principle of revenue recognition, and the matching principle of expenses.The concepts of accounting include assets, liabilities, owner"s equity, revenue, and expenses.
国际会计双语期末复习精品文档12页
Chap 1
1. The amounts of the assets and liabilities of Chickadee Travel Service at April 30, 2019, the end of the current year, and its revenue and expenses for the year are listed below. The capital of Adam Cellini, owner, was $50,000 at May 1,2019, the beginning of the current year, and the owner withdrew $30,000 during the current year.
Accounts payable $ 12,200
Accounts receivable 31,350 Cash 53,050 Fees earned 263,200 Miscellaneous expense 2,950
Rent expense 37,800 Instructions
2. Prepare an income statement for the current year ended April 30, 2019.
3. Prepare a statement of owner ' s equity for the current year ended April 30, 2019.
4. Prepare a balance sheet as of April 30, 2019.
国际会计(双语)国际会计(双语)大纲
《国际会计》（双语）课程教学大纲
课程编号：02133
制定单位：会计学院
制定人（执笔人）：宋京津，王宏
*******
制定（或修订）时间：2011年8月26日
江西财经大学教务处
《国际会计》（双语）课程教学大纲一、课程总述
本课程大纲是以2011年国际会计（双语）本科专业人才培养方案为依据编制的。
二、教学时数分配
三、单元教学目的、教学重难点和内容设置
Study guide for international accounting
CHAPTER 1
Introduction to international accounting
LEARNING OBJECTIVES:
1.To identify and understand the importance of the eight factors that has a
significant influence on accounting development.
2.To understand the definition of IA of this textbook.
3.To be familiar with the detailed contents of IA
CHAPTER OUTLINE
Development of IA
Eight factors
▪Sources of Finance
–In countries with strong equity markets, Disclosures are extensive to meet the requirements of widespread public ownership.
国际会计学第六版chapter3
relies on a committee of the CNCC to conduct
audit-quality reviews
12
France (contin)
Unusual features of French financial reporting
Must report results of environmental activities
Develops recommendations for consolidated financial statements
16
Financial Reporting Enforcement Panel
Enforces compliance with German financial reporting requirements and IFRS by listed companies
Business combinations – purchase accounting Goodwill – annual impairments test Investments in associates – equity method Translation of financial statements of foreign
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CNCC – National Institute of Statutory Auditors
国际会计
Continuing
Audit reform
琼民源：海南现代农业发展股份有限公司 股价：1996.4.1：2.08元/股 13倍 1997.1： 26.18元/股 1997.3月，股东大会上全体董事辞职 审查结果：1996年年报中5.71亿元利润，有5.66 亿元是虚构，虚增6.57亿元资本公积。 处罚结果：董事长3年有期徒刑。 审计业务的海南中华会计师事务所：吊销主要负 责人CPA证书，事务所警告，暂停6个月证券业务审计 资格，签字注册会计师，暂停3年从事证券业务资格。 资产评估报告的海南大正会计师事务所：30万罚 款，暂停从事证券相关资产评估业务6个月，签字注册 会计师，暂停3年从事证券业务资格。
price
Meaning of the international accounting
national characteristics international requirements
Growth and spread of multination operations Financial innovation
Directors’ report Profit and loss account and balance sheet Cash flow statement Statement of total recognized gains and losses Statement of accounting policies Notes reference in the financial statement Auditors’ report
国际会计(第三、四章国别会计)0
该委员会是由总统直接任命的五个委员组成的独立的
机构。
SEC的见解和提案的权威性不亚于美国会计学会 （AAA）和美国注册会计师协会（AICPA）的见解和提案。
总部设在华盛顿，在美国境内各主要金融中心所在 地设有分支机构。
SEC与“美国注册会计师协会”（AICPA)和 “财务会计准则委员会”（FASB)以及其他民间 组织的代表保持联系，并把会计准则的制定交权 给民间机构。
然而，需要指出的是，SEC依靠民间机构制 定会计准则，并不意味着它放弃了法律赋予的 权力。民间专业机构制定的会计准则，其权威 性是由SEC赋予和确认的。
美国会计准则的制定工作先后由三个 会计职业团体承担。
1886 年 成 立 了 美 国 注 册 会 计 师 协 会 （ America Institute of Certified Public Accountants-AICPA) ，开始它只是一个维护公共会计师利益， 进行学术交流的组织。
第三章 比较会计模式----国别会计（上）
上一章介绍了会计模式及国际分类，其中美国会计学会 和阿伦都将会计模式划分为五类，即五种会计模式，本章将 选取其中四个具有典型代表性的国家，简要介绍其基本特征， 它们是美国会计、英国会计、法国会计和德国会计。
国际会计chapter3
Exercises for Chapter 3
一、Multiple Choice Questions
1.The currency in which the parent company prepares its financial statements is the
a. base currency.
b. functional currency.
c. historical currency.
d. reporting currency.
2. The right and the obligation to trade foreign currency in the future at a set rate is a
a. currency swap.
b. currency option.
c. forward contract.
d. money market hedg
e.
3. Which of the following can give rise to foreign currency transaction exposure?
a. Selling goods whose prices are contractually denominated in a foreign currency.
b. Borrowing funds in a foreign currency.
c. Engaging in contracts to trade in foreign currency at a future date.
国际会计(完整版)..
Chap 1
Q1: Explain how international accounting differs from purely domestic.
1.In the domestic case, accounting is an information service that provides financial information
about a domestic entity to domestic users of that information.
2.International accounting is distinctive in that the entity being reported on is either a
multinational company (MNC跨国公司) with operations and transactions that transcend national boundaries or involved on entity with reporting obligations to readers who are located outside the reporting entity’s country.
Q2: Indentify several internal and external reporting issues that arise when business and investment transcend national borders.
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Exercises for Chapter 3
一、Multiple Choice Questions
1.The currency in which the parent company prepares its financial statements is the
a. base currency.
b. functional currency.
c. historical currency.
d. reporting currency.
2. The right and the obligation to trade foreign currency in the future at a set rate is a
a. currency swap.
b. currency option.
c. forward contract.
d. money market hedg
e.
3. Which of the following can give rise to foreign currency transaction exposure?
a. Selling goods whose prices are contractually denominated in a foreign currency.
b. Borrowing funds in a foreign currency.
c. Engaging in contracts to trade in foreign currency at a future date.
d. Other economic transactions denominated in foreign currencies.
e. All of the above.
4. In the one-transaction approach:
a. The gain or loss is recorded separately
b. The gain or loss is reflected in the value of the resource acquired
c. Either (a) or (b)
d. None of the above
5. The two-transaction approach is required in:
a. The United States
b. Australia
c. Canada
d. All of the above
e. None of the above
6. A forward exchange contract is an agreement to:
a. Buy a foreign currency in the future at a variable rate
b. Sell a foreign currency in the future at a variable rate
c. Buy or sell a foreign currency in the future at a set rate
d. None of the above
7. Under the monetary/non-monetary method of foreign currency translation, depreciation expense is
translated at the:
a. Current rate
b. Weighted average rate
c. Historical rate
d. None of the above
8. Under the temporal method, translation gains and losses appear in:
a. the stockholders' equity section
b. the income statement as a normal operating item
c. the income statement as an extraordinary item
d. None of the above
9. Under the current rate method
a. all assets and liabilities are translated at the current year's average exchange rate.
b. foreign currency translation gains and losses do not affect the income statement.
c. all revenues and expenses are translated using the current exchange rate.
d. the income statement contains a cumulative translation adjustment amount.
10. Under SFAS No. 52, the temporal method of translation is used when
a. the local currency is the functional currency.
b. the local currency is the reporting currency.
c. the parent's currency is the functional currency.
d. the parent's currency is the reporting currency.
11. Under SFAS No. 52, the current rate method of translation is used when
a. the local currency is the functional currency.
b. the local currency is the reporting currency.
c. the parent's currency is the functional currency.
d. the parent's currency is the reporting currency.
12. Under SFAS No. 52, a hyperinflationary economy is defined as one that has inflation of approximately:
a. 100 percent per year
b. 100 percent or more over a three year period
c. 25 percent per year
d. None of the above
13. Under SFAS No. 52, the primary currency in which a company conducts its business is called the:
a. Core currency
b. Functional currency
c. Hard currency
d. Convertible currency
14. Under which translation method is the foreign currency translation gain or loss taken to stockholders'
equity?
a. The current rate method
b. The temporal method
c. The conversion method
d. None of the above