国际财务报告准则对实践报告的影响 [3]
论文作者:英语论文论文属性:课程作业 Coursework登出时间:2015-07-28编辑:Karlie点击率:5048
论文字数:1437论文编号:org201507262319348945语种:英语 English地区:美国价格:免费论文
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摘要:本论文论述了国际财务报告准则对实践报告的影响,不仅强调国际财务报告准则是什么,也将谈论国际财务报告准的需求,优点和缺点。让读者更全面地认识国际财务报告准则。
iew the operating segments. Under the new standard IFRS 8, it requires companies to recognize the operating segments on the basis of internal organizational structure rather than in terms of risks and rewards. The implementation of IFRS 8 could cause changes in operating segments in different companies. And this would lead to a lot of chaos and confusion in different companies. From the perspective of a company, to change from IAS14 to IFRS8 a company had to undergo through a lot of costs, which was considered unnecessary for the reason that IAS14 already had a mix of management approach in it. IFRS 8 does not give an explanation to the terms segment revenue, segment expense, segment result, segment assets and segment liabilities. On the other hand, this standard asks for segment profits and losses, segment assets and liabilities for each reportable segment.
Just like an every coin which has two sides, this standard has proved that it has both advantages and disadvantages. Obviously, the advantages outweigh and the IFRS is at the continued effort of modifying the standard to reduce the impact of its disadvantages. Ideally, one of the key concerns for the developers of the standard was to reduce the level of discrepancies, which arose as in the case between IAS 14 and the SFAS 131. The main intention was to provide a management's view of the reporting and implementation that would reduce the additional reporting expenses. In a post implementation scenario certain viewpoints have been raised and identified. The standard has seen better overall understanding of segmental reporting by both investors and preparers. While investors are concerned that the profit figures are manipulated, the preparers worry about the lost of vital information to the industry rivals. Many business organisations have also identified worry regarding the inability to evaluate or weight their companies' performance with that of others due to the adoption of the new IFRS. Furthermore, some companies haven't even adopted the new standard for fear of replication or doubling up of work.
This present research was designed to evaluate the standard of IFRS 8 segmental reporting. The study began by acquiring information of a pre IFRS 8 environment and how its predecessor IAS 14 functioned. It briefed about the key features of IAS 14 and then progressed in explaining about the current states of IFRS 8. The paper then discusses why IFRS 8 was needed and why it came into practice and moves on into understanding the disadvantages and advantages of the IFRS. Finally, the research discussed the current state of standard and how the standard has made significant implications of the reporting practices in amongst different companies.
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