国际商务——希尔英文PPT19讲课教案
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19-8
Political And Economic Ties With Other Nations
❖Similarities in accounting systems across countries can reflect political or economic ties ❖The U.S. accounting system influences the systems in Canada and Mexico ❖In the European Union, countries are moving toward common standards
19-5
Country Differences In Accounting Standards
Figure 19.2
19-6
Relationship Between Business And Providers Of Capital
The three main external sources of capital for firms are: ❖Individual investors ❖Banks ❖Government
19-2
Introduction
Figure 19.1
19-3
Country Differences In Accounting Standards
❖A country’s accounting system evolves in response to local demands for accounting information ❖While there have been efforts to harmonize accounting practices across countries, significant differences remain ❖One study found that among 22 countries, there were 76 ways to assess the cost of goods sold, 65 differences in the calculation of return on assets, and 20 ways to calculate net profits ❖The differences make it challenges to compare financial performance of firms from different countries
19-4
Country Differences In Accounting Standards
Five main variables influence the development of a country’s accounting system: 1. the relationship between business and the providers of capital 2. political and economic ties with other countries 3. the level of inflation 4. the level of a country’s economic development 5. the prevailing culture in a country
❖A country’s accounting system reflects the relative importance of each constituency as a provider of capital ❖So, accounting systems in the U.S. and Great Britain are oriented toward individual investors; Switzerland, Germany, and Japan focus on providing information to bankห้องสมุดไป่ตู้; and France and Sweden prepare financial documents with the government in mind
国际商务——希尔英文PPT19
19-1
Introduction
❖Accounting is the language of business – it is the way firms communicate their financial positions ❖Accounting standards differ from country to country ❖These differences make it difficult for investors, creditors, and governments to evaluate firms ❖The International Accounting Standards Board (IASB) has made some attempts to establish common accounting and auditing standards across countries
19-9
Inflation Accounting
❖The historic cost principal assumes the currency unit used to report financial results is not losing its value due to inflation ❖This principle affects asset valuation ❖If inflation is high, assets will be undervalued
19-7
Classroom Performance System
_______ has an accounting system that was developed with the government in mind. a) France b) Japan c) Great Britain d) Germany
Political And Economic Ties With Other Nations
❖Similarities in accounting systems across countries can reflect political or economic ties ❖The U.S. accounting system influences the systems in Canada and Mexico ❖In the European Union, countries are moving toward common standards
19-5
Country Differences In Accounting Standards
Figure 19.2
19-6
Relationship Between Business And Providers Of Capital
The three main external sources of capital for firms are: ❖Individual investors ❖Banks ❖Government
19-2
Introduction
Figure 19.1
19-3
Country Differences In Accounting Standards
❖A country’s accounting system evolves in response to local demands for accounting information ❖While there have been efforts to harmonize accounting practices across countries, significant differences remain ❖One study found that among 22 countries, there were 76 ways to assess the cost of goods sold, 65 differences in the calculation of return on assets, and 20 ways to calculate net profits ❖The differences make it challenges to compare financial performance of firms from different countries
19-4
Country Differences In Accounting Standards
Five main variables influence the development of a country’s accounting system: 1. the relationship between business and the providers of capital 2. political and economic ties with other countries 3. the level of inflation 4. the level of a country’s economic development 5. the prevailing culture in a country
❖A country’s accounting system reflects the relative importance of each constituency as a provider of capital ❖So, accounting systems in the U.S. and Great Britain are oriented toward individual investors; Switzerland, Germany, and Japan focus on providing information to bankห้องสมุดไป่ตู้; and France and Sweden prepare financial documents with the government in mind
国际商务——希尔英文PPT19
19-1
Introduction
❖Accounting is the language of business – it is the way firms communicate their financial positions ❖Accounting standards differ from country to country ❖These differences make it difficult for investors, creditors, and governments to evaluate firms ❖The International Accounting Standards Board (IASB) has made some attempts to establish common accounting and auditing standards across countries
19-9
Inflation Accounting
❖The historic cost principal assumes the currency unit used to report financial results is not losing its value due to inflation ❖This principle affects asset valuation ❖If inflation is high, assets will be undervalued
19-7
Classroom Performance System
_______ has an accounting system that was developed with the government in mind. a) France b) Japan c) Great Britain d) Germany