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Lesson Notes Lesson 11 Understanding Accounting Standards Learning Objectives

1. The document discusses the development of accounting standards in China which is divided into three phases from the 1980s to the 2000s. It encourages instructors to discuss relevant cases that occurred during this period. 2. It covers two key issues of accounting theory - deconstruction and the demand and supply of accounting theory. Instructors are encouraged to explain deconstruction in a simple way and either focus on or skip this part to discuss positive theory instead. 3. Several cases are introduced and discussed in the lesson to help students understand accounting standards and build trust. Students are also encouraged to discuss additional cases not covered in class.

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18 views

Lesson Notes Lesson 11 Understanding Accounting Standards Learning Objectives

1. The document discusses the development of accounting standards in China which is divided into three phases from the 1980s to the 2000s. It encourages instructors to discuss relevant cases that occurred during this period. 2. It covers two key issues of accounting theory - deconstruction and the demand and supply of accounting theory. Instructors are encouraged to explain deconstruction in a simple way and either focus on or skip this part to discuss positive theory instead. 3. Several cases are introduced and discussed in the lesson to help students understand accounting standards and build trust. Students are also encouraged to discuss additional cases not covered in class.

Uploaded by

mhussain
Copyright
© Attribution Non-Commercial (BY-NC)
Available Formats
Download as DOC, PDF, TXT or read online on Scribd
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Task Team of FUNDAMENTAL ACCOUNTING School of Business, Sun Ya !

sen Uni"e#si $

Lesson Notes Lesson 11 Understanding Accounting Standards Learning Objectives %& Un'e#s an' he inhe#en limi a ion of accoun in( f#om #us )e#s)ec i"e& *& A))#ecia e ho+ accoun in( s an'a#'s con #i,u es in #us 'e"elo)in( an' main ainin(& -& Ge o kno+ he main con en s of accoun in( s an'a#'s& .& Un'e#s an' accoun in( heo#$ an' i s 'eman' fo# an' su))l$ of& /& 0el) s u'en s 'e"elo) a conce) of self!lea#nin( an' c#i ical hinkin(& Teaching hours S u'en s ma1o# in accoun in(2 O he# s u'en s2 Teaching contents This lesson consis s of fou# )a# s of #ela e' o)ics& Accounting standards and trust maintaining Ou# o)enin( s o#$ is he e3)ense o# ca)i ali4a ion of in e#es e3)en'i u#e of YUTAIBAI, he a,use of -5 #e(ula ion in En#on S6E case& B$ 'iscussin( hese case', s u'en s a#e lea'e' o hink a,ou accoun in( choice an' economic conse7uence& In"es o#s +ill lose hei# confi'ence on accoun in( info#ma ion if ea#nin(s mani)ula ion is )e#cei"e' ,$ he ma#ke & Accoun in( s an'a#'s is also 'iscusse' f#om he )e#s)ec i"e of #ansac ion cos & The co#e "alue of accoun in( is o #e'uce a(enc$ cos an' enhance #us "ia 'ou,le!en #$ ,ookkee)in( an' o he# s)ecific mechanism& Since al e#na i"es a#e )e#"asi"e in accoun in( choice an' #ea men s, accoun in( s an'a#'s, a se of )#inci)les o 'e e#mine ho+ o make choice in accoun in( )olic$, +ill ,e necessa#$& The occu##in( of Yin(uan(3ia an' En#on scan'als lea"e accoun in( s an'a#'s o ,e ,lame'& So, +e +ill 'iscuss ho+ accoun in( s an'a#'s o ,e hel)ful in ,uil'in( #us & Introduction of accounting standards The #ole of accoun in( s an'a#'s he#e is 'efine' o ,uil' #us , he#efo#e, (ene#all$ acce) e' an' follo+e' ,$ all )a# ici)an s a#e essen ial, his +ill #e7ues authoritativeness& T+o +a$s o #eali4e au ho#i a i"eness, (o"e#nmen al su))o# o# (ene#all$ #e)#esen a i"eness& Accoun in( s an'a#'s is useful in hel) mana(emen o make choice +hen facin( mul i!choices& The#e a#e also +o +a$s o hel) makin( choice, one is ,$ ela,o#a in( he un'e#l$in( )#inci)les an' lea"in( he #oom fo# mana(emen o e3e#cise, he o he# is makin( he choice fo# mana(emen , o# (i"in( hem a cooking book& This is he o#i(in of )#inci)le!,ase' an' #ule!,ase' a#(umen & Se"e#al ,asic accoun in( )#inci)les +ill ,e ,#iefe'&

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Task Team of FUNDAMENTAL ACCOUNTING School of Business, Sun Ya !sen Uni"e#si $

The development of accounting standards in China 8e 'i"i'e he +hole )#ocess in o h#ee )h#ases, )h#ase I u) o %99*, )h#ase II co"e#s f#om %99*! *:::, an' *::: an' la e# co"e#e' in )h#ase III& 8e encou#a(e ins #uc o#s o 'iscuss he cases occu##e' in his )a# & Introduction of Accounting theor T+o ke$ issues +ill ,e co"e#e' in his )a# , deconstruction an' he 'eman' fo# an' su))l$ of accoun in( heo#$& Since deconstruction is a e#m f#om )hiloso)h$, ins #uc o#s a#e encou#a(e' o )a$ a en ion on his s)ecific fiel'& 0o+e"e#, i is also acce) a,le if ins #uc o#s ski) his )a# an' 1um) o he )osi i"e heo#$& 8a s an' ;imme#man <%9=9> is he ,asis of his )a# , so ins #uc o#s a#e encou#a(e' o #ea' his )a)e# ca#efull$ an' hen e3)lain i o s u'en s in sim)le an' un'e#s an'a,le +a$s& About case discussion Se"e#al cases a#e in #o'uce' an' 'iscusse' in his lesson& 8e encou#a(e ins #uc o#s o 'iscuss cases as mo#e as )ossi,le& !e points %& Buil' a birdview of accoun in( s an'a#'s an', es)eciall$, he #ela ion ,e +een accoun in( s an'a#'s an' #us & *& A))#ecia e he un'e#l$in( #eason of #ule!,ase' an' )#inci)le!,ase' 'e,a e& -& Com)#ehen' he 'econs #uc ion heo#$ of accoun in(& ?ea'in( ma e#ials %& ;eff, S e)hen, Accounting Standards Setting: Theory and Practice, CFE60 <Bei1in(>, *::/& "#$atts and %iimmerman& 1'('& The demand for and suppl of accounting theor ) a mar*et for e+cuses& THE ACCOUNTING REVIEW ,ol# LI,& No# "#(-.-/0 -# Scott& $illiam& Financial Accounting Theory, third edition, 1rentice 2all& "//-# 3ead ne4s and comments about 5nron& $orldCom& and related topics from 6ahoo 7usiness 8ull Coverage and other sources& find the cases discussed in class# Also& find cases 4hich are not covered in class# Tr to discuss them 4ith our fello4 classmates#

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