Accounting Standards: All Fair for Assets and Liabilities?Financial reporting is in a state of fundamental change for insurers, as reflected in major efforts underway on both the regulatory (e.g., principles-...Darin ZimmermanWilliam Hines
If an entity removes an individual asset or liability from a disposal group classified as held for sale, the remaining assets and liabilities of the disposal group to be sold shall continue to be measured as a group only if the group meets the criteria in paragraph 7-9.如果实体从分类为持有...
4、观性原则 ObjectivePrinciple 致性原则 ConsistentPrinciple 可比性原则 ComparabilityPrinciple 重大性原则 MaterialityPrinciple 稳健性原则 ConservatismPrinciple 权责发生制AccrualBasis 现金收付制CashBasis 财务报告 FinancialReport 流动资产 Currentassets 流动负债 CurrentLiabilities 长期负债 Long-termLiabilities 投入资本...
For practical purposes the entity need not enter into all of the assets and liabilities giving rise to an accounting mismatch at exactly the same time. A reasonable delay is permitted provided that any remaining transactions are expected to occur. 这一决定是在最初确认时作出的,不会重新评估。出于...
Goal:A single set of high-quality, international accounting standards that companies can use for both domestic and cross-border financial reporting. Status:In progress… In Becker materials,if no difference between IFRS and U.S. GAAP is noted, then the accounting rules are substantially the same...
The main limitation of using book value per share to value a corporation is the potential difference between recorded value and market value for assets and liabilities. 20. Best Buy has preferred stock and common stock listed on its balance sheet. As of March 3, 2007, however, Best Buy has...
Relative to consolidation, a firm employing the equity method will report smaller values for assets and liabilities. Consequently, higher rates of return for its assets and sales, as well as lower debt-to-equity ratios may result. Meeting such contractual provisions of may provide managers ...
2. What is a business: is to invest money in resources(eg. In order to make even more money for its owners)Profit=income ＞ expenditure If not，loss=income ＜expenditure Maximization shareholders’ wealth 股东利益最大化 3. Assets 资产 and Liabilities 负债 4. A business is separate...
Conservatism:Playing it safe is both anaccounting principleand convention.It tells accountants to err on the side of caution when providing estimates for assets and liabilities. That means that when two values of a transaction are available, the lower one should be favored. The general concept is...
Standardized accounting principles date back to the advent ofdouble-entry bookkeepingin the 15th and 16th centuries, which introduced a T-ledger with matched entries for assets and liabilities.9 Some scholars have argued that the advent of double-entry accounting practices during that time provided ...