PPT-Financial Accounting Standards and the Conceptual Framework

AFAANZ 2019 Wayne Landsman University of North Carolina at Chapel Hill KenanFlagler Business School Financial Accounting Standards and the Conceptual Framework Objective Provide financial information about the reporting entity that is. The Conceptual Frame work is applicable for the preparation and presentation of financial statements in accor dance with MFRS framework or FRS framework brPage 2br Conceptual Framework IFRS Foundation CONTENTS paragraphs THE CONCEPTUAL FRAMEWORK FOR The Environment of Accounting Research. The accounting environment. Accounting standards are influenced by:. Federal bodies. Tax laws. Specialized industries. Inconsistencies in practice. Disagreements among constituents. for Financial Reporting 2010 Conceptual Framework Issued October 20 1 0 Effective upon issue CONCEPTUAL FRAMEWORK FOR FINA NCIAL REPORTING 2010 By Phil Rickard. Associate Professor of Accounting, Mount Vernon Nazarene University. What is U.S. Accounting Convergence?. Accounting Harmonization. Relates to the process of substantially standardizing the rules and regulations for international securities and the related accounting principles across . RICHARD G. SCHROEDER . MYRTLE . W. CLARK . JACK . M. CATHEY. THEORY . AND. ANALYSIS: . TEXT AND CASES. 11. TH. EDITION. CHAPTER 1. THE DEVELOPMENT OF ACCOUNTING THEORY. Introduction. What is theory?. RICHARD G. SCHROEDER . MYRTLE W. CLARK . JACK M. CATHEY. THEORY . AND. ANALYSIS: . TEXT AND CASES. 11. TH. EDITION. Chapter 2. The Pursuit of the Conceptual Framework. Introduction. What is the conceptual framework?. Frederick D. S. Choi . Gary K. Meek. Chapter 4: . COMPARATIVE . . ACCOUNTING: . The Americas and . . Asia. Learning objective:. Intermediate. Accounting. IFRS 2nd . Edition. Kieso, Weygandt, and Warfield. . 2. Describe . the usefulness of a conceptual . framework.. Describe . efforts to construct a . conceptual framework.. Understand . and . Conceptual Framework for Financial Reporting. ACCT-3030. 1. 1. Basic Definitions. What is accounting?. the identification, measurement, and communication of financial information. about economic entities. not necessarily those of the International Accounting Standards Board (Board) or IFRS Foundation.. Copyright © IFRS Foundation. All rights reserved. IFRS. ®. Foundation. Conceptual Framework for Financial Reporting. Financial Reporting Framework for Small- and Medium Sized Entities FRF for SMEs TM Accounting Framework Name of presenter Audience Date Our discussion today What is FRF for SMEs? FRF for SMEs in Action Laura Slover, V.P. Content and Policy. Stephen Pruitt, Director of Science. Overview of the Conceptual Framework for Science and Next Generation Science Standards Development Process. Key Similarities and Differences between Common Core State Standards and the Next Generation Science Standards. Stephen Pruitt, Ph.D., . Vice President, Content, . Research . and Development. Science Standards: A National Perspective. Overview of Science Development Process. International . Science Benchmarking Study. Worldwide accounting diversity and convergence. What is International Accounting?. Accounting . The word . accounting. . in International accounting encompasses: Functional areas of financial accounting, management accounting, auditing, taxation...