... Accounting Standards Board (IASB) adopted the first iteration of International
Financial ReportingStandards (IFRS) to serve as a possible pathway for establish-
ing uniform global accounting standards. ... transparent picture of the firm’s economic condition.
•ReduceComplexityin Financial Reporting
Over the last several decades, the standards of US GAAP and associated guid-
ance have grown to many thousands ... Evolution of Accounting Standards
Accounting standards around the world have evolved over centuries of business
and capital market development. In this process, accounting standards historically...
... Intermediate Accounting
Issued by the IASB:
• InternationalFinancialReportingStandards (IFRS)
• Interpretations originated from the InternationalFinancialReporting
Interpretations Committee (IFRIC) ... two sets of standards.
Unit 1 – Introduction 3
Incorporating IFRS into Intermediate Accounting
Unit 1 – Introduction
Why learn IFRS?
International FinancialReporting Standards, commonly ... accounting student and their
faculty members to get started incorporating the InternationalFinancialReportingStandards
in their course sooner rather than later. The materials are NOT exhaustive;...
... problem of reportingfinancial data useful for readers in most of the countries and
languages is receiving considerable attention with the implementation of the new financial
reporting standards ... accounting standards that had been
issued by various standard-setting bodies, both national and international. These existing standards
have been created primarily with the financialreporting ... related to users of financial reporting. Therefore the financial
statements should be designed to reflect users’ needs. Researchers agree that the users need for
accounting and financial information...
... Fulbright Vi tính Ứng dụng
Năm học 2007 - 2008
Trần Thanh Phong 1
HƯỚNG DẪN SỬ DỤNG
INTERNATIONAL FINANCIAL STATISTICS (IFS)
Thống kê số liệu của 200 quốc gia trên thế giới và chứa khoảng ... các quốc gia theo hàng và xuất kết quả
sang Microsoft Excel.
Tài liệu tham khảo:
International Financial Statistics (IFS)
Help
Chương trình Giảng dạy kinh tế Fulbright Vi tính Ứng dụng...
... 2011
Pearson Canada Inc.
20 -
11
Intervention in the Foreign Exchange Market Under Fixed Exchange
Rates
Copyright 2011
Pearson Canada Inc.
20 -
1
Chapter 20
The InternationalFinancial System
... System
–
Fixed exchange rates using U.S. dollar as
reserve currency
–
International Monetary Fund (IMF)
Copyright 2011
Pearson Canada Inc.
20 -
13
How Bretton Woods Worked
•
Exchange rates adjusted ... it loses international reserves
•
When the domestic currency is undervalued,
the central bank must sell domestic currency to
keep the exchange rate fixed; but as a result, it
gains international...
... understanding of
financial linkages requires the modeling of international cross-market financial linkages,
which so far has been missing in the literature. The importance of the international ... rates in the short run.
Another strand on internationalfinancial co-movements attempts to explain the
evolution of financial spillovers through real and financial linkages of the underlying
economies. ... exposure to foreign financial market shocks,
as well as for risk management and international portfolio diversification.
We have estimated in this paper the transmission of financial market shocks...
...
IADB-MIF, Press release, April 2004.
International Monetary Fund (IMF). (various years). Balance of Payments Yearbook.
International Labour Organization. International Labour Migration Database: ... the working groups meets regularly. The Financial Education
Working Group employs the FDIC’s Money Smart financial curriculum to help adults outside the
financial mainstream improve their money ... Jr. and John Page, The Impact of International Migration and Remittances on Poverty, PRMPR,
World Bank, October 2003
Addleton, Jonathan (1984). “The Impact of International Migration on Economic...
... for
reducing the incidence of fraudulent financial reporting.
Participants in the FinancialReporting Process
The responsibility for reliable financialreporting resides first and foremost at ... deter fraudulent
financial reporting.
Improved Federal Regulation of Financial Institutions
Federal regulatory agencies, other than the SEC, have responsibility for financialreporting by certain
public ... to detect fraudulent financialreporting within financial institutions, the Commission also
32
first must establish the proper environment, one in which fraudulent financialreporting is less likely...
... Accounting and FinancialReporting Updates – US Generally Accepted Accounting Principles
Recent Accounting and FinancialReporting Updates – InternationalFinancialReportingStandards
Regulatory ... GAAP and InternationalFinancialReporting Standards, particularly those that introduce
or amend criteria for determining whether an entity is deemed to be an investment fund for financialreporting ... after the
exposure and re-deliberation phases.
International FinancialReportingStandards
Update
Recent IFRS Update – IFRS 10 Consolidated Financial
Statements (“IFRS 10”)
Status
– IFRS...
... Generally Accepted Accounting Principles
Recent Accounting and FinancialReporting Updates – InternationalFinancialReportingStandards
Regulatory Update – US – CFTC – Registration of advisers ... and International
Financial Reporting Standards, particularly those that introduce or amend criteria for determining whether an entity is
deemed to be an investment fund for financialreporting ... proposed or final ASU) in the first half of 2013.
International FinancialReportingStandards (“IFRS”) Update
Recent IFRS Update – IFRS 10 Consolidated Financial Statements (“IFRS 10”)
Status –...
... control over financial reporting.
4. Organizational Structure
– The company’s organizational structure supports effective
internal control over financial reporting.
5. FinancialReporting Competencies
... Assessment
8. FinancialReporting Objectives – Management specifies financialreporting objectives
with sufficient clarity and criteria to enable the identification of risks to reliable financial
reporting.
9. ... of financial
reporting objectives. At a high level, the objective of financialreporting is to prepare reliable financial
statements, which involves attaining reasonable assurance that the financial...