重要會計政策的報告-文庫吧資料
2024-12-09 15:19本頁面
【正文】 decrease the recorded valuation allowance through an increase to ine in the period in which that determination is made. Subsequently recognized tax benefits associated with valuation allowances recorded in a business bination will be recorded as an adjustment to goodwill (). The disclosures should describe the pany39。s disclosure about other postemployment benefits (10K/A, fiscal yearend December 31,2021). This disclosure indicates that management believes that other postemployment benefits are a delicate area of accounting for the pany, and that Ford’s ine and financial position are very sensitive to specific assumptions. Ford explains, in detail, the need for estimates and the assumptions used. Furthermore, the sensitivity analysis indicates, for example, that a onepoint decrease in the discount rate would have increased the pany39。A Disclosures: Critical Accounting Policies). The fewest CAPS reported were two, by an investment bank, but this pany39。S interpretation (FR72) lacking useful specifies. Even though the SEC has not acted upon it as of yet. accountants should read and consider using the proposed rule as a source of more specific guidance. Current Practice The author reviewed annual reports of the largest 100 publicly traded panies from the Fortune 500. The author analyzed 10K filings with fiscal yearends between December 31, 2021, and December 30, 2021. Three accounting issues dominate panies’ CAP disclosures: impairments, pensions, and ine taxes. As indicated in Exhibit 1, 39 out of 100 panies reported CAPS for impairments of intangibles, 25 reported CAPS for impairments in general, and 14 reported impairments of tangible assets. Another six reported CAPS for the valuation of residual costs of leased assets. With respect to postemployment benefits, 64 panies reported CAPS, and two of those panies reported additional CAPS just for other postemployment benefits. With respect to accounting for ine taxes, 56 panies reported CAPS. The 100 panies reported many additional types of CAPS, as shown in Exhibit 1. Fortyfour panies reported CAPS for contingencies, 32 for revenue recognition, and 32 for baddebt reserves. Valuation of investments and financial instruments was addressed by CAPS for 30 panies, and inventory for 24. Several CAP disclosures were industryspecific. Insurance panies reported claims liabilities as a CAP. Most retailers and retail suppliers addressed purchase and sales allowances (21 CAPS). Oil and gas panies reported oil and gas accounting (four CAPS). and entertainment panies reported capitalization of entertainment assets (three CAPS). The average pany reported CAPS in its MDamp。s critical accounting estimates with the audit mittee. They would not be requited to disclose the nature of those discussions. Companies operating with more than one segment would have to identify specific segments affected by a CAP. In addition to panywide critical accounting disclosures, panies would have to discuss CAPS for each identified segment. The proposed rule also put forward the idea of requiring an independent audit of MDamp。 and 3) the qualitative impact of the adoption on the pany39。s critical accounting estimates over the 3 past three years (two years for small business issuers). Companies would he required to explain the reasons for those changes. For initial adoptions of accounting policies, panies would be required to describe the following: 1) the events or transactions that gave rise to the initial adoption。s financial condition, changes in financial condition, or results of operations. The proposed rule sets a number of additional disclosures for each estimate. Companies would be required to explain the significance of each c
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