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International Financial Statement Analysis
book

International Financial Statement Analysis

by CFA Thomas R. Robinson, CFA Hennie van Greuning, CFA Elaine Henry, CFA Michael A. Broihahn
November 2008
Intermediate to advanced content levelIntermediate to advanced
859 pages
25h 22m
English
Wiley
Content preview from International Financial Statement Analysis
CHAPTER 8
INTERNATIONAL STANDARDS CONVERGENCE
Thomas R. Robinson, CFA CFA Institute Charlottesville, Virginia
 
Hennie van Greuning, CFA World Bank Washington, DC
 
Elaine Henry, CFA University of Miami Miami, Florida
 
Michael A. Broihahn, CFA Barry University Miami, Florida

LEARNING OUTCOMES

After completing this chapter, you will be able to do the following:
• State and explain key aspects of the International Financial Reporting Standards (IFRS) framework as they pertain to the objectives and qualitative characteristics of financial statements.
• Identify and explain the major international accounting standards for each asset and liability category on the balance sheet, and the key differences from U.S. generally accepted accounting principles (GAAP).
• Identify and explain the major international accounting standards for major revenue and expense categories on the income statement, and the key differences from U.S. GAAP.
• Identify and explain the major differences between international and U.S. GAAP accounting standards concerning the treatment of interest and dividends on the cash flow statement.
• Interpret the effect of differences between international and U.S. GAAP accounting standards on the balance sheet, income statement, and the statement of changes in equity for some commonly used financial ratios.

1. INTRODUCTION

The International Accounting Standards Board (IASB) is the standard-setting body of the International Accounting Standards Committee (IASC) Foundation. ...
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Publisher Resources

ISBN: 9780470460122Purchase book