北美財務(wù)報告(ppt33)全英文-財務(wù)綜合(編輯修改稿)
2024-09-23 19:42 本頁面
【文章內(nèi)容簡介】 month) – 500 (miscellaneous expenses) 4800/48 (amortisation expense for 1 month) = 4,300 Yuans 13 Standard Setting amp。 Auditing 1 ? Standard setting or regulation is necessary to protect the investors (conflicting interests of investors and managers). The FASB (Financial Accounting Standards Board and the CICA ( Canadian Institute of Chartered Accountants) are independent bodies. 14 Standard Setting amp。 Auditing 2 ? Auditing (external) ensures that a third independent party has examined the financial statements and that they are in accordance to GAAP( Generally Accepted Accounting Principles). 15 Efficient Securities Markets ? The prices of securities (stocks) ―properly reflect‖ all information that is publicly known about these securities. ? Investors will quickly adjust to new or corrected information as it bees available. ? Investors cannot expect to earn abnormal returns . a return on a security in excess of its normal expected return. 16 WORLDCOM(Communications Industry) 1 ? Largest Bankruptcy in history. Bankruptcy date = July 21, 2020. Total assets (prebankruptcy) = US$103,914,000,000 approximately 850,000 millions Yuans or RMB(assuming 1 us dollar approximately equal to Yuans) 17 WORLDCOM(Communications Industry) 2 ? Internal Auditor (Cynthia Cooper Time Magazine Person of the year for 2020) went to Board of Directors , claiming assets should be written off the balance sheet. ? . agree with her. On writing off assets, large losses. Stock prices fell down steeply. 18 Enron Corp ( Energy Industry) ? Company went bankrupt on December 2,2020. Total assets prebankruptcy = US $63,392,000,000 approximately equal to 520,000 millions Yuans or RMB. ? Profits overstated。 revenues recognized before they are earned. ? Liabilities hidden from balance sheet. ? Gambling on energy futures contracts. ? Sherri Watkins ( Enron manager) blew the whistle but no one listened. 19 Arthur Andersen (Former “Big Five
法律信息相關(guān)推薦
鄂ICP備17016276號-1