国际会计case答案

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1、CHAPTER1FINANCIALREPORTINGINTHEGLOBALARENALEARNINGOBJECTIVES:1.Identifythemainenvironmentalvariablesthatshapeaccounting.2.Recognizethedifferingroleofaccountingthroughouttheworld.3.Demonstratetheeconomiceffectsofaccountingdiversity.4.Appreciatethebenefitsofclassifyingcountries

2、intoaccountingclusters.CHAPTEROUTLINEI.IntroductionII.InteractionbetweenAccountinganditsEnvironment(1)NatureofCapitalMarkets(2)TypeofReportingRegime(3)TypeofBusinessEntities(4)TypeofLegalSystem(5)LevelofEnforcementofRegulations(6)LevelofInflation(7)PoliticalandEconomicTies(8)

3、StatusoftheAccountingProfession(9)ExistenceofaConceptualFramework(10)QualityofAccountingEducationIII.DiverseRolesofAccountinginCountries(1)PolicyChoicesinAccountingIV.EffectsofDiversityonCapitalMarketsV.ClassificationsofFinancialAccountingandReportingSystems(1)ReviewofSelecte

4、dClassificationStudiesVI.MajorChallengesFacingAccountingGlobally(1)GlobalHarmonization(2)QualityofFinancialReportinginDevelopedandEmergingEconomies(3)SocialandEnvironmentalReporting(4)FinancialReportingintheHighTechnologyEraSOLUTIONSTOSELECTEDEXERCISESANDCASESINCHAPTER129Case

5、Study:Hodge-Podge1.ThedisclosuresincludedintheSwissannualreportarenecessarybecausetheyareadirectproductofthebusinessandsocialenvironmentinSwitzerland.Inorderforfinancialstatementstoretainrelevanceandacceptance,accountingmustbeadaptedandtailoredtotheenvironmentinwhichitexists.

6、Thisresultsinadditionalordifferingdisclosuresamongstcountries.OnereasonwhySwisscompaniesmayincludesocialdisclosuresintheirannualreportsisbecauseofatraditionwhichemphasizesenvironmentalawarenessandprotection.Likewise,employeedisclosuresmaybemoreprevalentinSwitzerlandduetonatio

7、nallaborlaws,thestrengthoflaborunions,oraparticularattitudeabouttheresponsibilitiesofcompaniestowardstheiremployees.2.Swisscompaniestakeaconservativeapproachtofinancialreportingresultingintheunderstatementofnetincomebecauseofthecountry’sdebt-orientedstructure.Theprimarysuppli

8、ersofcapitalarebanksthatfocusonthesecurityoftheirloans,notstockholde