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International Accounting A User Perspective 2 nd Edition

International Accounting A User Perspective 2 nd Edition. by Shahrokh M. Saudagaran. Chapter 1. FINANCIAL REPORTING IN THE GLOBAL ARENA. Learning Objectives:. Identify the main environmental variables that shape accounting. Recognize the differing role of accounting throughout the world.

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International Accounting A User Perspective 2 nd Edition

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  1. International AccountingA User Perspective2nd Edition byShahrokh M. Saudagaran

  2. Chapter 1 FINANCIAL REPORTING IN THE GLOBAL ARENA

  3. Learning Objectives: • Identify the main environmental variables that shape accounting. • Recognize the differing role of accounting throughout the world.

  4. Learning Objectives: • Demonstrate the economic effects of accounting diversity. • Appreciate the benefits of classifying countries into accounting clusters.

  5. Chapter Outline: • Introduction • Interaction between Accounting and its environment • Nature of Capital Market

  6. Interaction between Accounting and its Environment • Type of Reporting Regime • Type of Business Entities • Type of Legal System

  7. Interaction between Accounting and its Environment • Level of Enforcement of Regulations • Level of Inflation • Political and Economic Ties

  8. Interaction between Accounting and its Environment • Status of the Accounting Profession • Existence of a Conceptual Framework • Quality of Accounting Education

  9. Diverse Roles of Accounting in Countries • Policy Choices in Accounting • Effects of Diversity on Capital Markets

  10. Classifications of Financial Accounting and Reporting Systems • Review of Selected Classification Studies

  11. Major Challenges Facing Accounting Globally • Global Harmonization • Quality of Financial Reporting in Developed and EmergingEconomies

  12. Major Challenges Facing Accounting Globally • Social and Environmental Reporting • Financial Reporting in the High Technology Era

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