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![Page 1: ® International Accounting Standards Board The impact of globalization on financial reporting practicies Jan Engstrom Mexico City, June 2007.](https://reader035.fdocuments.net/reader035/viewer/2022062222/5665b45e1a28abb57c90eadc/html5/thumbnails/1.jpg)
®
International Accounting Standards
Board
The impact of globalization onThe impact of globalization onfinancial reporting practiciesfinancial reporting practicies
Jan EngstromJan EngstromMexico City, June 2007Mexico City, June 2007
![Page 2: ® International Accounting Standards Board The impact of globalization on financial reporting practicies Jan Engstrom Mexico City, June 2007.](https://reader035.fdocuments.net/reader035/viewer/2022062222/5665b45e1a28abb57c90eadc/html5/thumbnails/2.jpg)
®IASBIASB
… un conjunto único de normas contables de carácter mundial ..
..con el fin de ayudar a tomar decisiones económicas…
![Page 3: ® International Accounting Standards Board The impact of globalization on financial reporting practicies Jan Engstrom Mexico City, June 2007.](https://reader035.fdocuments.net/reader035/viewer/2022062222/5665b45e1a28abb57c90eadc/html5/thumbnails/3.jpg)
®
El mundo es cada El mundo es cada vez mas vez mas pequeñopequeño
RED = IFRS Approved
ORANGE = Stated move to adoption
YELLOW = Adapting to IFRSs
IFRSs Around the World
![Page 4: ® International Accounting Standards Board The impact of globalization on financial reporting practicies Jan Engstrom Mexico City, June 2007.](https://reader035.fdocuments.net/reader035/viewer/2022062222/5665b45e1a28abb57c90eadc/html5/thumbnails/4.jpg)
®ConvergenciaConvergencia
Atracción de inversiones vía mayor transparencia
Reducción del costo de capital Incremento de inversiones a una
escala mundial Reducción de costos
![Page 5: ® International Accounting Standards Board The impact of globalization on financial reporting practicies Jan Engstrom Mexico City, June 2007.](https://reader035.fdocuments.net/reader035/viewer/2022062222/5665b45e1a28abb57c90eadc/html5/thumbnails/5.jpg)
®
Cross border investments Cross border investments - a need for converged information- a need for converged information
$ US billion 1995 2000 2005
US holdings of non-US equity 800 1800 3000
Non-US holdings of US equity 500 1500 2300
% (estimate)US holdings of non-US equity 5% 13%
Non-US holdings of US equity 7% 14%
![Page 6: ® International Accounting Standards Board The impact of globalization on financial reporting practicies Jan Engstrom Mexico City, June 2007.](https://reader035.fdocuments.net/reader035/viewer/2022062222/5665b45e1a28abb57c90eadc/html5/thumbnails/6.jpg)
®
The World’s Equity Markets 2006The World’s Equity Markets 2006- close to 50% have IFRS or are - close to 50% have IFRS or are expected to decide to get thereexpected to decide to get there
US GAAP
Japan
Others havingor going toIFRS
Others w/oplans
Europé
![Page 7: ® International Accounting Standards Board The impact of globalization on financial reporting practicies Jan Engstrom Mexico City, June 2007.](https://reader035.fdocuments.net/reader035/viewer/2022062222/5665b45e1a28abb57c90eadc/html5/thumbnails/7.jpg)
®
Principio 1:Principio 1:IndependenciaIndependencia
Consejeros independientes Reuniones públicas Fondos privados Sin influencia política Procedimiento a seguir
![Page 8: ® International Accounting Standards Board The impact of globalization on financial reporting practicies Jan Engstrom Mexico City, June 2007.](https://reader035.fdocuments.net/reader035/viewer/2022062222/5665b45e1a28abb57c90eadc/html5/thumbnails/8.jpg)
®
Principio 2: Principio 2: Normas basadas en principiosNormas basadas en principios
PrincipiosPrincipios ReglasReglas
![Page 9: ® International Accounting Standards Board The impact of globalization on financial reporting practicies Jan Engstrom Mexico City, June 2007.](https://reader035.fdocuments.net/reader035/viewer/2022062222/5665b45e1a28abb57c90eadc/html5/thumbnails/9.jpg)
®Estructura del IASBEstructura del IASB
22 Trustees
StandardsAdvisoryCouncil
IASB14 board members30 technical staff
IFRIC
National Standard Setters
![Page 10: ® International Accounting Standards Board The impact of globalization on financial reporting practicies Jan Engstrom Mexico City, June 2007.](https://reader035.fdocuments.net/reader035/viewer/2022062222/5665b45e1a28abb57c90eadc/html5/thumbnails/10.jpg)
®
Procedimiento de Procedimiento de consulta del IASBconsulta del IASB
Research
National
Standard
Setter
Discussion
Paper
Exposure
DraftStandard
Others
Comment
analysis
9-15 months 9-15 months
Comment
analysisEffective
Date
6-18 months
![Page 11: ® International Accounting Standards Board The impact of globalization on financial reporting practicies Jan Engstrom Mexico City, June 2007.](https://reader035.fdocuments.net/reader035/viewer/2022062222/5665b45e1a28abb57c90eadc/html5/thumbnails/11.jpg)
®La agenda activaLa agenda activa
Marco Conceptual Convergencia FASB Instrumentos financieros Reconocimiento de
ingresos Informes de desempeño Medicion de valor
rasonable Combinaciones de
negocios
Pequeñas y medianas empresas
Consolidación Seguros Leasing Beneficios a los
empleados retirados Derechos de emisiones
![Page 12: ® International Accounting Standards Board The impact of globalization on financial reporting practicies Jan Engstrom Mexico City, June 2007.](https://reader035.fdocuments.net/reader035/viewer/2022062222/5665b45e1a28abb57c90eadc/html5/thumbnails/12.jpg)
®La agenda activaLa agenda activa
Marco Conceptual Convergencia FASB Instrumentos financieros Reconocimiento de
ingresos Informes de desempeño Medicion de valor
rasonable Combinaciones de
negocios
Pequeñas y medianas empresas
Consolidación Seguros Leasing Beneficios a los
empleados retirados Derechos de emisiones
![Page 13: ® International Accounting Standards Board The impact of globalization on financial reporting practicies Jan Engstrom Mexico City, June 2007.](https://reader035.fdocuments.net/reader035/viewer/2022062222/5665b45e1a28abb57c90eadc/html5/thumbnails/13.jpg)
®
US GAAP convergencia US GAAP convergencia con IFRS con IFRS
Acuerdo de Norwalk 2002 Remover differencias Alienar las agendas
Roadmap 2006 IFRS aceptados en USA 2008/9 Suporte de SEC de USA e UE Un programa de trabajo
![Page 14: ® International Accounting Standards Board The impact of globalization on financial reporting practicies Jan Engstrom Mexico City, June 2007.](https://reader035.fdocuments.net/reader035/viewer/2022062222/5665b45e1a28abb57c90eadc/html5/thumbnails/14.jpg)
®La agenda activaLa agenda activa
Marco Conceptual Convergencia FASB Instrumentos
financieros Reconocimiento de
ingresos Informes de desempeño Medicion de valor rasonable Combinaciones de negocios
Pequeñas y medianas empresas
Consolidación Seguros Leasing Beneficios a los
empleados retirados Derechos de emisiones
![Page 15: ® International Accounting Standards Board The impact of globalization on financial reporting practicies Jan Engstrom Mexico City, June 2007.](https://reader035.fdocuments.net/reader035/viewer/2022062222/5665b45e1a28abb57c90eadc/html5/thumbnails/15.jpg)
®La agenda activaLa agenda activa
Marco Conceptual Convergencia FASB Instrumentos financieros Reconocimiento de
ingresos Informes de desempeño Medicion de valor
rasonable Combinaciones de
negocios
Pequeñas y medianas empresas
Consolidación Seguros Leasing Beneficios a los
empleados retirados Derechos de emisiones
![Page 16: ® International Accounting Standards Board The impact of globalization on financial reporting practicies Jan Engstrom Mexico City, June 2007.](https://reader035.fdocuments.net/reader035/viewer/2022062222/5665b45e1a28abb57c90eadc/html5/thumbnails/16.jpg)
®La agenda activaLa agenda activa
Marco Conceptual Convergencia FASB Instrumentos financieros Reconocimiento de
ingresos Informes de desempeño Medicion de valor
rasonable Combinaciones de negocios
Pequeñas y medianas empresas
Consolidación Seguros Leasing Beneficios a los
empleados retirados Derechos de emisiones
![Page 17: ® International Accounting Standards Board The impact of globalization on financial reporting practicies Jan Engstrom Mexico City, June 2007.](https://reader035.fdocuments.net/reader035/viewer/2022062222/5665b45e1a28abb57c90eadc/html5/thumbnails/17.jpg)
®La agenda activaLa agenda activa
Marco Conceptual Convergencia FASB Instrumentos financieros Reconocimiento de
ingresos Informes de desempeño Medicion de valor
rasonable Combinaciones de
negocios
Pequeñas y medianas empresas
Consolidación Seguros Leasing Beneficios a los
empleados retirados Derechos de emisiones
![Page 18: ® International Accounting Standards Board The impact of globalization on financial reporting practicies Jan Engstrom Mexico City, June 2007.](https://reader035.fdocuments.net/reader035/viewer/2022062222/5665b45e1a28abb57c90eadc/html5/thumbnails/18.jpg)
®IASB’s due processIASB’s due process
Research
National
Standard
Setter
Discussion
Paper
Exposure
DraftStandard
Others
Comment
analysis
9-15 months 9-15 months
Comment
analysisEffective
Date
6-18 months
![Page 19: ® International Accounting Standards Board The impact of globalization on financial reporting practicies Jan Engstrom Mexico City, June 2007.](https://reader035.fdocuments.net/reader035/viewer/2022062222/5665b45e1a28abb57c90eadc/html5/thumbnails/19.jpg)
®La agenda activaLa agenda activa
Marco Conceptual Convergencia FASB Instrumentos financieros Reconocimiento de
ingresos Informes de desempeño Medicion de valor
rasonable Combinaciones de
negocios
Pequeñas y medianas empresas
Consolidación Seguros Leasing Beneficios a los
empleados retirados Derechos de emisiones
![Page 20: ® International Accounting Standards Board The impact of globalization on financial reporting practicies Jan Engstrom Mexico City, June 2007.](https://reader035.fdocuments.net/reader035/viewer/2022062222/5665b45e1a28abb57c90eadc/html5/thumbnails/20.jpg)
®La agenda activaLa agenda activa
Marco Conceptual Convergencia FASB Instrumentos financieros Reconocimiento de
ingresos Informes de desempeño Medicion de valor
rasonable Combinaciones de
negocios
Pequeñas y medianas empresas
Consolidación Seguros Leasing Beneficios a los
empleados retirados Derechos de emisiones
![Page 21: ® International Accounting Standards Board The impact of globalization on financial reporting practicies Jan Engstrom Mexico City, June 2007.](https://reader035.fdocuments.net/reader035/viewer/2022062222/5665b45e1a28abb57c90eadc/html5/thumbnails/21.jpg)
®
””......elel IASB está abierto a las IASB está abierto a las opinionesopiniones...”...”
Las agendas y el programa de trabajo son públicos y abiertos para discusión
Grupos de asesores Borradores de discusión Muchas visitas a los países
interesados
![Page 22: ® International Accounting Standards Board The impact of globalization on financial reporting practicies Jan Engstrom Mexico City, June 2007.](https://reader035.fdocuments.net/reader035/viewer/2022062222/5665b45e1a28abb57c90eadc/html5/thumbnails/22.jpg)
®IASBIASB
… un conjunto único de normas contables de carácter mundial ..
..con el fin de ayudar a tomar decisiones económicas…
![Page 23: ® International Accounting Standards Board The impact of globalization on financial reporting practicies Jan Engstrom Mexico City, June 2007.](https://reader035.fdocuments.net/reader035/viewer/2022062222/5665b45e1a28abb57c90eadc/html5/thumbnails/23.jpg)
®
International Accounting Standards
Board
International Accounting International Accounting Standards BoardStandards Board
Para obtener más información:
www.iasb.org