Global financial reporting:
Gespeichert in:
| Beteilige Person: | |
|---|---|
| Format: | Buch |
| Sprache: | Englisch |
| Veröffentlicht: |
Basingstoke [u.a.]
Palgrave
2002
|
| Schlagwörter: | |
| Links: | http://bvbr.bib-bvb.de:8991/F?func=service&doc_library=BVB01&local_base=BVB01&doc_number=009541386&sequence=000002&line_number=0001&func_code=DB_RECORDS&service_type=MEDIA |
| Umfang: | XXVII, 677 S. |
| ISBN: | 033379477X 0333976967 |
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Datensatz im Suchindex
| _version_ | 1819314063727919104 |
|---|---|
| adam_text | Contents
List of Exhibits xvii
Preface xxi
Acknowledgements xxiii
List of Abbreviations xxv
part one
BACKCROUND 1
1 Globalization 3
1.1 Why study global financial reporting? 3
1.2 The globalization of the world economy 4
1.3 International trade 5
1.4 Cross border investment 7
1.4.1 Foreign direct investment 7
1.4.2 Portfolio investment 10
1.5 The multinational enterprises 11
1.6 The globalization of finance 17
1.7 The financial reporting of the multinational enterprises 19
1.8 The Pentad 20
1.9 The rest of the book 21
1.10 The use of the Internet 22
Annex: Useful internet addresses 25
2 The Causes of Diversity 27
2.1 The contingent theory of accounting 27
2.2 The factors that shape financial reporting 28
2.3 The State 31
2.3.1 The political System 31
2.3.2 Law 33
2.3.3 Taxation 34
2.3.4 The regulation of dividends and the
maintenance of the corporation s capital 37
2.3.5 Conclusion: the dominating influence of the State 38
2.4 The corporate financing system 38
2.4.1 The capital market 39
vi Contents
2.4.2 Direct provision of finance 41
2.4.3 The form of financing: equity versus debt 42
2.4.4 The influence of finance on financial reporting 43
2.5 The accountancy profession 44
2.6 Environmental factors 48
2.6.1 Other interested parties 48
2.6.2 Accounting theorists 49
2.6.3 Inflation 50
2.6.4 Colonialism 51
2.6.5 Accidents of history 51
2.6.6 Other environmental factors 52
2.7 Culture 52
2.8 Synthesis: the Anglo Saxons versus the rest of the world 56
2.9 Conclusions 62
3 Regulation 66
3.1 Why are rules necessary? 67
3.1.1 Preparers versus users 67
3.1.2 The reluctance of preparers 67
3.1.3 The information needs of users 68
3.1.4 The use of accounting numbers in contracts 72
3.1.5 The need for rules 73
3.2 The role of the government
3.2.1 The politics of law making 7S
3.2.2 The advantages of law 76
3.2.3 The need for additional rules 76
3.3 The hierarchy of rules
3.3.1 Law 79
3.3.2 The second level: delegated legislation
and court judgements
3.3.3 The lower levels of the hierarchy 80
3.4 The national regulatory system
part two
COUNTRY STUDIES 87
4 Britain 89
4.1 Why Britain is important for the student of
financial reporting 8^
4.2 The origins of British financial reporting
4.3 The separation of control from ownership ;:
4.4 Britain s institutional framework 93
4.4.1 The state 9]
4.4.2 Taxation 94
4.4.3 The corporate financing system
4.4.4 The accountancy profession ^
4.5 The British regulatory system l01
Contents •* vii
4.5.1 A model of the British regulatory system 101
4.5.2 The Companies Act 101
4.5.3 Accounting standards 103
4.5.4 Stock exchange listing rules 105
4.5.5 Professional rules 106
4.5.6 Accepted practice: true and fair view 106
4.5.7 Synthesis: UK GAAP 108
4.6 The principal characteristics of British financial
reporting 109
5 The USA 113
5.1 The importance of the USA 113
5.2 The origins of American financial reporting 114
5.3 The institutional framework 117
5.3.1 The state 117
5.3.2 Taxation 118
5.3.3 The corporate financing system 119
5.3.4 The accountancy profession 121
5.3.5 The universities 123
5.4 The American regulatory system 125
5.4.1 The government 125
5.4.2 The SEC: the Securities and Exchange
Commission 125
5.4.3 The FASB: the Financial Accounting
Standards Board 127
5.4.4 Congress v. the SEC v. the FASB 130
5.5 US GAAP 133
5.6 The essential characteristics of American financial
reporting 134
6 France 139
6.1 The importance of France for the student of
financial reporting 139
6.2 The origins of French financial reporting 140
6.3 The French institutional framework 142
6.3.1 The state 142
6.3.2 Law: the Commercial Code 143
6.3.3 Taxation 143
6.3.4 The corporate financing system 145
6.3.5 The accountancy profession 147
6.4 The French regulatory system 149
6.4.1 Laws and decrees 149
6.4.2 The Comite de Reglementation Comptable (CRC) 150
6.4.3 The Plan Comptable General (PCG) 150
6.4.41 The Conseil National de la Comptabilite (CNC) 153
6.4.5 The Commission des Operations de Bourse (COB) 154
6.4.6 Recommendations of the accountancy profession 154
6.5 The future of French financial reporting 154
viii Contents 3
?
7 Germany 1581
7.1 Why Germany is important for the study of global
financial reporting 158
7.2 The origins of German financial reporting 159
7.3 The German institutional framework 160
7.3.1 The state 160
7.3.2 Law: the Commercial Code 161
7.3.3 Grundsatze ordnungsmassiger Buchfuhrung (GoB) 162
7.3.4 Taxation 164 |
7.3.5 The corporate financing system 166 ;
7.3.6 The accountancy profession 168
7.4 The German regulatory system 170
7.4.1 Law 170
7.4.2 GoB: the market for interpretations 171
7.4.3 Standards 171
7.5 The future of German financial reporting 172
8 Japan 175
8.1 The importance of Japan 175
8.2 History I76
8.2.1 The first accounting revolution, 1853 99 176
8.2.2 The second accounting revolution, 1945 49 178
8.3 The Japanese institutional framework 178
8.3.1 The state 178
8.3.2 Taxation 179
8.3.3 The corporate financing system 180
8.3.4 The accountancy profession I80
8.4 The Japanese regulatory system: the triangular system 181
8.4.1 The Commercial Code (CC) 183
8.4.2 The Securities and Exchange Law (SEL) I83
8.4.3 The tax law 184
8.4.4 The functioning of the triangular system I84
8.4.5 The Business Accounting Deliberation
Council (BADC) 18*
8.4.6 Reform of the BADC 188
8.5 Consolidated accounts
8.6 The financial statements of Japanese MNEs a
8.7 Conclusions 194
9 The European Union ^
9.1 The European Union: Introduction
9.2 The EU s interest in financial reporting 2^7
9.2.1 The common market zYt
9.2.2 The protection of shareholders 2^~
9.2.3 The level playing field â„¢T
9.2.4 Harmonization before relevance Z ;
Contents ix
9.3 The EU s structure 204
9.3.1 The legislative function 204
9.3.2 The executive function 204
9.3.3 The judicial function 205
9.4 The EU s harmonization programme 205
9.4.1 The role of EU directives 205
9.4.2 The Fourth Directive: the accounts of the
individual enterprise 206
9.4.3 Options 207
9.4.4 The Seventh Directive: the consolidated accounts 207
9.5 The impact of the Fourth and Seventh Directives 208
9.6 The EU s limitations as a rule maker 211
part three
THE INTERNATIONAL ACCOUNTING STANDARDS
BOARD 215
10 The Global Rule Makers 217
10.1 The problems facing the multinational enterprises 217
10.1.1 Internal management 217
10.1.2 External financing 218
10.2 The case of Daimler Benz 219
10.3 The need for a single set of rules 221
10.3.1 The advantages of uniformity 221
10.3.2 Uniformity versus relevance 223
10.4 The possible global rule makers 224
10.5 A single country: the USA 224
10.6 A group of countries: the European Union 227
10.7 International organizations 228
10.7.1 The United Nations (UN) 228
10.7.2 The Organisation for Economic Cooperation
and Development (OECD) 229
10.7.3 The International Accounting Standards
Board (IASB) 230
10.8 The IASB versus the SEC 231
10.9 Future developments 233
11 The IASB: its Origins and Structure 238
11.1 The IASC s origins and objectives 238
11.2 The IASC s structure 239
11.2.1 The Committee 241
11.2.2 The Board s powers 241
11.2.3 The Board s composition 241
11.2A Other elements of the IASC s organization 245
11.3 Evaluation of the IASC s structure 246
x Contents
11.4 Proposals for change 248
11.5 The IASB s constitution 249?
11.5.1 Title 249 *
11.5.2 The IASB s objectives 249
11.5.3 The IASB s structure 250
11.6 The composition of the new Board 253
11.7 Comments on the IASB s structure 256
11.8 Conclusions 260
12 The IASB: Its Standards 263 )
12.1 The international accounting standards 263
12.2 The authority of IAS 265
12.3 Recent developments 269
12.3.1 The agreement between the IASC and the
IOSCO 269
12.3.2 The EU s new accounting strategy 271
12.3.3 Implications for the acceptability of the
IASs 272
12.4 The quality of the IASs 274
12.5 The IASC s due process 276
12.6 The importance of due process 280
12.7 Due process under the IASB 281
13 The IASB s Framework 284
13.1 Conceptual frameworks in general 284
13.1.1 Examples of frameworks 284
13.1.2 Definition and characteristics 285
13.1.3 The benefits of a conceptual framework 287
13.2 The purposes of the IASB s Framework 288
13.3 The objective of financial statements 289
13.4 Assumptions 292
13.5 Qualitative characteristics of financial statements 293
13.5.1 Materiality 29*
13.5.2 Relevance 294
13.5.3 Reliability 29b
13.6 Constraints on the value of information 298
13.7 The elements of financial statements 3~?
13.7.1 Definition 3^
13.7.2 Recognition 3^f
13.7.3 Measurement 3^
13.7.4 Concepts of capital maintenance ^
13.8 Evaluation of the IASB s Framework 30
Annex: The IASB s Framework for the Preparation and
Presentation of Financial Statements 3 ,
i
I
I
Contents xi
14 The Anatomy of an International Accounting
Standard: IAS 1 332
14.1 The structure of an international accounting standard 333
14.2 The text of the standard 334
14.3 Compliance with IAS 334
14.4 Principles to be followed when there is no relevant IAS 336
14.5 The present fairly rule 338
14.6 The components of a set of financial statements 339
14.6.1 The balance sheet 339
14.6.2 The income statement 340
14.6.3 The cash flow statement 340
14.6.4 The statement of changes in equity 340
14.6.5 The notes to the accounts 341
part four
THE FINANCIAL STATEMENTS 345
15 The Balance Sheet I: Assets 347
15.1 The balance sheet versus the income statement 347
15.1.1 The primacy of the balance sheet 347
15.1.2 The matching principle 349
15.2 The format of the balance sheet 351
15.3 Assets in the balance sheet: the three tests 353
15.3.1 Definition 353
15.3.2 Recognition 354
15.3.3 Measurement 355
15.4 The principal categories of assets 355
15.4.1 Inventories 355
15.4.2 Plant, property and equipment 357
15.4.3 Intangible assets 359
15.4.4 Prepayments and other accruals 360
15.4.5 The dominance of historical cost 360
15.4.6 Financial assets 361
15.4.7 Investment property 362
15.4.8 Agricultural assets 362
15.4.9 Assets not covered by IASs 363
15.5 Depreciation and amortization 363
15.6 Impairment 366
15.6.1 The basic rule 366
15.6.2 How to measure value in use 367
15.6.3 Criticisms of value in use 368
15.6.4 The hotch potch of valuation rules 369
15.6.5 When assets must be tested for impairment 370
15.6.6 The IASB compared with the FASB 371
15.7 The assets of the largest MNEs 372
15.8 Comparative analysis of asset valuation methods 374
xii Contents
it
15.8.1 Non current tangible assets 374 .
15.8.2 Inventories 379
16 The Balance Sheet II: Liabilities and Equity 384
16.1 The form of the balance sheet 384 ;
16.2 The enterprise model versus the proprietary model 385
16.2.1 The proprietary model 385 ;
16.2.2 The enterprise model 388 j
16.2.3 The dominance of the proprietary model 389 J
16.3 Liabilities 389 I
16.4 IAS 37: provisions 390
16.4.1 Definition of a provision 390
^ . . 201
16.4.2 The recognition of a provision ^l
16.4.3 The problem of the provision for future
expenses 3
16.4.4 The measurement of provisions 397
16.5 Other liabilities: accruals 40^
16.6 The equity of corporations 4j~
16.6.1 Contributed capital 40j
16.6.2 Reserves 404
16.6.3 Dividends m
16.6.4 Treasury shares 40!l
16.7 The distinction between equity and liabilities 407
16.7.1 The legal approach AQ1
16.7.2 The economics approach
16.7.3 Preference shares 409
16.7.4 Convertible loans 41
16.7.5 The IASB s rules for preference shares and
convertible loans
16.8 The equity and liabilities of the largest MNEs 41^
16.9 Examples 4J°
16.9.1 USA: General Motors 4^
16.9.2 UK: BP Amoco PLC AV
16.9.3 Japan: Sony 4Z*
16.9.4 France: Alcatel i2Z
16.9.5 Germany: Volkswagen 42
17 The Income Statement 427
17.1 The recognition of revenue
17.2 The presentation of income and expenses 43;
17.2.1 The needs of users 43J
17.2.2 The format of the income statement 43^
17.2.3 Revenue: total sales or total output? 434
17.2.4 The classification of expenses 43^
17.2.5 The classification of expenses by nature 43°
17.2.6 The classification of expenses by function 437
17.2.7 Extraordinary items and exceptional items 43°
Contents » * xiii
17.2.8 Discontinuing operations 443
17.2.9 Segment reporting 443
17.2.10 Conclusions 449
17.3 The measurement of profit 450
17.3.1 Gains and losses taken direct to equity 450
17.3.2 Prior period adjustments 451
17.4 Concepts of profit 453
17.4.1 The comprehensive income concept 453
17.4.2 The current operating performance concept 454
17.4.3 Evaluation of the two concepts 455
17.5 The statement of total recognised gains and losses
(STRGL) 456
17.5.1 The STRGL according to IAS 1 456
17.5.2 The STRGL: a statement of performance? 457
17.5.3 The statement of changes in equity 461
17.6 Reporting financial performance: proposals for change 467
17.7 Earnings per share 470
18 The Cash Flow Statement 474
18.1 The cash flow statement compared with the income
statement 474
18.2 The reliability of the cash flow statement 475
18.3 The relevance of the cash flow statement 476
18.3.1 The value of the enterprise 477
18.3.2 The solvency of the enterprise 478
18.4 IAS 7 479
18.4.1 The definition of cash 480
18.4.2 The classification of cash flows 480
18.4.3 Practical problems of classification 482
18.4.4 The classification of interest and dividends 482
18.5 The form of the cash flow statement 484
18.6 The reconciliation with the balance sheet 487
18.7 Cash flows of subsidiaries, joint ventures and
associated enterprises 488
18.8 Non cash transactions 489
18.9 Foreign currency cash flows 490
18.10 Comparative analysis 493
18.10.1 Laws and standards 493
18.10.2 The direct method versus the indirect method 494
18.10.3 Definition of cash and cash equivalents 495
18.10.4 Which enterprises are required to prepare
a cash flow statement? 496
18.10.5 Classification 497
18.11 Examples from published accounts 497
18.11.1 USA 497
18.11.2 Britain 499
18.11.3 France 500
xiv *S? Contents
19 The Consolidated Accounts 505
19.1 The economic importance of groups 5061
19.1.1 The Renault Group 506
19.1.2 Why large businesses are organized as groups 508
19.2 The individual accounts 509
19.2.1 Dividends 510
19.2.2 Tax 51°
19.2.3 Liquidation 511
19.3 The consolidated accounts 513 t
19.4 The definition of the group 514 1
19.4.1 The parent company concept of the group 514
19.4.2 The economic entity concept 517
19.4.3 The definition of the group in law and practice 518
19.4.4 Excluded subsidiaries 52 (
19.5 The preparation of consolidated accounts 526
19.5.1 The basic principles 52°
19.5.2 Take overs 527
19.5.3 Mergers JZ9
19.5.4 The attractions of the merger method ^
19.5.5 The acquisition method and the merger
method in practice ;*.
19.5.6 A third possibility: the fresh start method 536
19.5.7 Proposals for change 5Jy
19.6 The minority interest: equity or liability? ^
19.7 The partial members of the group 5
19.7.1 Joint ventures fj.
19.7.2 Associates 5Jl
19.7.3 Synthesis 54
part five
ISSUES 547
20 Intangible Assets 5*?g
20.1 The growth in the importance of intangible assets 54
20.2 The classification of intangible assets „
20.3 Goodwill S z
20.3.1 The meaning of the accounting term .
20.3.2 Internally generated goodwill ,,
20.3.3 Acquired goodwill ^
20.4 Identifiable intangible assets ,,g
20.4.1 The general rules of IAS 38 5Z
20.4.2 Acquired identifiable intangible assets b ,
20.4.3 Internally generated identifiable intangible assets 50
20.4.4 Comparability of acquired and internally
generated intangibles , g
20.5 A functional classification of intangible assets „
20.5.1 Organizational capital
Contents * xv
20.5.2 Customer capital 570
20.5.3 Human capital 572
20.6 Reporting of intangible assets in practice 573
20.6.1 Organizational capital: research and
development 573
20.6.2 Customer capital: brands 575
20.6.3 Human capital: professional sportsmen 577
21 Foreign Currency Translation 581
21.1 The basic translation problem 582
21.2 The translation of transactions versus the translation
of financial statements 583
21.3 The translation of transactions: the theory 584
21.3.1 Basic principles 584
21.3.2 The accrual principle versus the prudence
principle 586
21.4 The translation of transactions: the rules 589
21.5 The translation of financial statements 589
21.6 The temporal method of translation 590
21.6.1 Basic principles 590
21.6.2 The Lorensen study and FAS 8 591
21.6.3 The great debate on translation 591
21.7 Comparison of the two methods 592
21.8 The case for the temporal method 594
21.9 The case for the closing rate method 595
21.9.1 The parent s investment in the subsidiary 595
21.9.2 The income statement 596
21.10 The victory of the closing rate method: FAS 52 597
21.11 IAS 21 598
21.12 The source of regulation: laws, standards,
recommendations 600
21.13 Comparative country analysis 602
21.13.1 Foreign currency transactions 602
21.13.2 Foreign financial statements 606
21.14 Concluding remarks 611
22 Financial Instruments 615
22.1 The fable of the two investment trusts 616
22.2 The three basic problems with financial assets 617
22.3 The IASC s search for a solution 618
22.4 The IASB s rules for financial instruments 620
22.4.1 Categories of financial assets and liabilities 621
22.4.2 Recognition of financial assets and liabilities 622
22.4.3 Measurement of financial assets and liabilities 622
22.4.4 The income of financial assets 626
22.4.5 Disclosure of financial assets and liabilities 628
22.5 Risk analysis 628
xvi * Contents i ^
22.5.1 Risk categories 629| ^
22.5.2 Disclosure of risks 630
22.6 Derivatives 630
22.6.1 Forward contracts 631
22.6.2 Options 632
22.6.3 Swaps 633
22.6.4 The meaning of the term derivative 633
22.6.5 The importance of derivatives 634
22.6.6 The inadequacy of present financial ]
reporting techniques 63J
22.6.7 The IASB s rules for derivatives 638
22.7 Hedging fj
22.7.1 What is hedging °2n
22.7.2 The problems for financial reporting °4U
22.7.3 Why conventional accounting gets it wrong 641
22.7.4 Possible solutions °r
22.7.5 The IASB s rules for hedges °~
22.8 Comparative analysis .,
22.8.1 USA ,if)
22.8.2 Japan Y^
22.8.3 Britain 647
22.8.4 Germany ,,„
22.8.5 France
23 Global Disclosure ^J
23.1 Introduction ^
23.2 Disclosure instruments ^
23.3 Disclosure and capital markets ,^
23 A The costs of disclosure ^
23.5 Reporting practices
23.5.1 Example: DaimlerChrysler annual ^
report 1999 664
23.5.2 Example: SAP annual report 1999 ^
23.6 Conclusion
671
Index of Laws and Standards , 73
Index
s
I
¦¦» mam
List of Exhibits
1.1 Global merchandise exports and imports 5
1.2 Flows of foreign direct investment, 1999 8
1.3 Stock of foreign direct investment, 1999 9
1.4 The world s top 50 multinational enterprises 14
1.5 Forms of corporations 16
1.6 The top 100 MNEs: analysis of the country of the
parent corporation 16
1.7 Analysis of the European MNEs in the top one hundred 17
1.8 Cross border transactions in bonds and shares as a
percentage of GDP 18
1.9 Analysis of the shareholders of Aventis SA 19
2.1 The interplay of the environment, institutions and culture 29
2.2 The factors that influence financial reporting according
to three leading textbooks 30
2.3 Rates of tax on a corporation s profits 34
2.4 The stock exchanges of the world 40
2.5 The world s accountancy and audit profession 47
2.6 Hofstede s scores and rankings for selected countries 54
2.7 The relationship between Gray s accounting values
and Hofstede s cultural dimensions 55
2.8 Synthesis of the major influences on financial reporting 57
2.9 Doupnik and Salter s classification of national
accounting systems 59
2.10 The position of the clusters with regard to disclosure
and measurement 60
3.1 The users of financial statements 68
3.2 The hierarchy of rules 78
3.3 The quantitative importance of the various categories
of rules 83
4.1 The relentless growth of British Company Law 94
4.2 The British accountancy profession 98
4.3 The British system for the regulation of financial reporting 102
5.1 Inventory valuations in published accounts 119
5.2 The Big Five 123
xvii
xviii ¦* • List of Exhibits
5.3 The US system for the regulation of financial reporting 126
6.1 The size of the French accountancy profession 148*
6.2 The French system for the regulation of financial reporting 151
7.1 The German audit profession 169
7.2 The German system for the regulation of financial reporting 170
8.1 The Japanese triangular system 182
8.2 Important statements of the BADC 187
8.3 Cross shareholdings in the Sumitomo keiretsu 19°
8.4 Fujitsu Ltd: reconciliation between the published
accounts 0apanese GAAP) and IAS 193
9.1 The European Union: basic facts, 1998 1
9.2 The relationship between the EU s rules and the
member state rules 21°
10.1 Daimler Benz reconciliation statement 221
10.2 The financial reporting rules used by the top 50 MNEs 231
11.1 The ISAC s structure 24°
11.2 The membership of the ISAC s board, 1973 2001 242
11.3 The ISAB s structure 251
11.4 The members of the IASB 254
11.5 The background of the new members
12.1 The International Accounting Standards at
30 June 2001 26i
12.2 The current status of IAS in 67 countries 26
12.3 The acceptability of IAS by the leading stock exchanges 267
12.4 The number of enterprises that use IAS
12.5 The development of an International Accounting Standard 277
13.1 The needs of users ,
13.2 The qualitative characteristics of financial statements
13.3 The three conditions for reporting an element of the
financial statements
13.4 The IASB Framework definitions
15.1 The articulation of the balance sheet and the income
statement 3
15.2 The balance sheet under the matching principle
15.3 Global Corp: balance sheet ,
15.4 Asset valuation methods specified in the lASs „
15.5 The general rule for the reported value of an asset 3
15.6 Application of the impairment test _3
15.7 The structure of the assets side of the balance sheet
15.8 Extract from the 1999 annual report of the Peninsular
Oriental Steam Navigation Company „,
15.9 Extract from the 1999 annual report of General Motors 3
16.1 Four different ways to present the balance sheet , ,
16.2 Accounting for major overhauls i
List of Exhibits xix
16.3 Example of the calculation of a provision: simple 398
16.4 Example of the calculation of a provision: complex 399
16.5 The legal approach versus the economics approach 409
16.6 An example of the reporting of convertible debt 413
16.7 The structure of the liabilities and equity side of the
balance sheet 416
16.8 General Motors 1999 418
16.9 Extract from BP Amoco s balance sheet, 31 December 1999 420
16.10 Sony: balance sheet at 30 June 2000 421
16.11 Alcatel: consolidated balance sheet at 31 December 1999 422
16.12 Volkswagen Group: balance sheet at 31 December 1999 423
17.1 Points of revenue recognition 429
17.2 The alternative formats for the income statement 433
17.3 EU Fourth Directive, article 24 434
17.4 Fiat Group: statement of operations, 1999 435
17.5 Volkswagen Group: statement of earnings for the
year ended 31 December 1999 438
17.6 News Corporation Limited: extract from the profit
and loss account for the year ended 30 June 1999 442
17.7 Royal Dutch/Shell Group, 1999 annual report 448
17.8 Global Corp: statement of total recognized gains and losses 456
17.9 An example of recycling 460
17.10 Global Corp: statement of changes in equity for the
year 2000 462
17.11 BP Amoco, annual report 1999 464
17.12 General Motors: statement of stockholders equity 466
17.13 The statement of financial performance according
to the G4+1 467
17.14 Operating items versus other gains and losses 469
17.15 DaimlerChrysler: earnings per share (1999) 471
18.1 The relationship between the cash flow statement
and the income statement 475
18.2 Global Corp: cash flow statement, the direct method 485
18.3 Global Corp: cash flow statement, the indirect method 486
18.4 The South African subsidiary s bank account 491
18.5 The direct method versus the indirect method 495
18.6 The definition of cash and cash equivalents 496
18.7 General Electric Company and consolidated affiliates:
year ended 31 December 1999 497
18.8 Cadbury Schweppes Group: cash flow statement for the
52 weeks ending 2 January 2000 499
18.9 Alcatel Group: consolidated statement of cash flows, 1999 501
19.1 The structure of the Renault Group 507
19.2 The size of groups in the European automobile industry 509
i
xx List of Exhibits ^*
19.3 An example of the liquidation of a group 511 ^|
19.4 The definition of the group for consolidated accounts 515
19.5 An example of the economic entity concept of the group: ¦
The Unilever Group 519
19.6 Implementation of the de facto control provisions
of the Seventh Directive 521
19.7 Nissan: annual report for the year ended 31 March 2000 523
19.8 Alpha and Beta: the acquisition method compared . «¦
with the merger method 533
19.9 Key figures in the consolidated accounts of the
Alphabet Group 534
19.10 BP Amoco annual report 1998 535
19.11 Comparison of the three methods: accounting
treatment in the consolidated accounts 537
20.1 The classification of assets
20.2 The calculation of goodwill 5Si
20.3 Possible components of acquired goodwill 5
20.4 Intangible assets: their definition, recognition and
initial measurement
20.5 Skandia s intellectual capital
20.6 The twelve most valuable global brands
20.7 The research and development of European i
pharmaceutical firms „:
20.8 Tottenham Hotspur PLC: annual report, 1996
21.1 The disappearing Brazilian loan „
21.2 Don t count your chickens before they are hatched!
21.3 Comparison of the temporal method and the closing
rate method ,
21.4 Analysis of the translation gain(loss)
21.5 The exchange rate used to translate foreign receivables
and payables
21.6 The recognition of the translation gain on unsettled
foreign receivables and payables .,
22.1 The fable of the two investment trusts 23
22.2 Subsequent measurement of financial assets and liabilities
22.3 Example of amortized historical cost
22.4 Value of the forward foreign exchange contract 6
and of the option ,y
22.5 How to lose your shirt with a short sale
22.6 General Motors: financial instrument derivatives, ^
31 December 1999
22.7 BP Amoco: fair values of financial assets and liabilities,
31 December 1999 6671
23.1 Cadbury Schweppes: annual report, 1999 I
|
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| dewey-search | 657/.3 |
| dewey-sort | 3657 13 |
| dewey-tens | 650 - Management and auxiliary services |
| discipline | Wirtschaftswissenschaften |
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| id | DE-604.BV013944496 |
| illustrated | Not Illustrated |
| indexdate | 2024-12-20T10:56:18Z |
| institution | BVB |
| isbn | 033379477X 0333976967 |
| language | English |
| oai_aleph_id | oai:aleph.bib-bvb.de:BVB01-009541386 |
| oclc_num | 49206083 |
| open_access_boolean | |
| owner | DE-739 DE-355 DE-BY-UBR DE-19 DE-BY-UBM DE-523 DE-634 DE-11 DE-188 |
| owner_facet | DE-739 DE-355 DE-BY-UBR DE-19 DE-BY-UBM DE-523 DE-634 DE-11 DE-188 |
| physical | XXVII, 677 S. |
| publishDate | 2002 |
| publishDateSearch | 2002 |
| publishDateSort | 2002 |
| publisher | Palgrave |
| record_format | marc |
| spellingShingle | Flower, John Global financial reporting International Accounting Standards Board rasuqam Comptabilité rasuqam Entreprise multinationale rasuqam Entreprises multinationales - Comptabilité Information financière rasuqam Norme comptable internationale rasuqam États financiers États financiers rasuqam Multinationales Unternehmen Financial statements International business enterprises Accounting Rechnungslegung (DE-588)4128343-0 gnd Multinationales Unternehmen (DE-588)4075092-9 gnd Internationaler Vergleich (DE-588)4120509-1 gnd International Accounting Standards (DE-588)4367663-7 gnd |
| subject_GND | (DE-588)4128343-0 (DE-588)4075092-9 (DE-588)4120509-1 (DE-588)4367663-7 |
| title | Global financial reporting |
| title_auth | Global financial reporting |
| title_exact_search | Global financial reporting |
| title_full | Global financial reporting John Flower |
| title_fullStr | Global financial reporting John Flower |
| title_full_unstemmed | Global financial reporting John Flower |
| title_short | Global financial reporting |
| title_sort | global financial reporting |
| topic | International Accounting Standards Board rasuqam Comptabilité rasuqam Entreprise multinationale rasuqam Entreprises multinationales - Comptabilité Information financière rasuqam Norme comptable internationale rasuqam États financiers États financiers rasuqam Multinationales Unternehmen Financial statements International business enterprises Accounting Rechnungslegung (DE-588)4128343-0 gnd Multinationales Unternehmen (DE-588)4075092-9 gnd Internationaler Vergleich (DE-588)4120509-1 gnd International Accounting Standards (DE-588)4367663-7 gnd |
| topic_facet | International Accounting Standards Board Comptabilité Entreprise multinationale Entreprises multinationales - Comptabilité Information financière Norme comptable internationale États financiers Multinationales Unternehmen Financial statements International business enterprises Accounting Rechnungslegung Internationaler Vergleich International Accounting Standards |
| url | http://bvbr.bib-bvb.de:8991/F?func=service&doc_library=BVB01&local_base=BVB01&doc_number=009541386&sequence=000002&line_number=0001&func_code=DB_RECORDS&service_type=MEDIA |
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