德國公認會計準則與國際財務報告準則下的盈余管理【外文翻譯】

1、1本科畢業(yè)論文（設計）外文翻譯外文題目EarningsManagementunderGermanGAAPversusIFRS外文出處EuropeanAccountingReview外文作者TendelooB.V.VanstraelenA原文：原文：EarningsManagementunderGermanGAAPversusIFRSAbstractThispaperaddressesthequestionwhethervoluntary

2、adoptionofInternationalFinancialReptingStards(IFRS)isassociatedwithlowerearningsmanagement.Balletal.(JournalofAccountingEconomics36(1–3)pp.235–2702003)arguethatadoptinghighqualitystardsmightbeanecessaryconditionfhighqual

3、ityinfmationbutnotnecessarilyasufficientone.InGermanyacodelawcountrywithlowinvestprotectionrightsarelativelylargenumberofcompanieshavechosentovoluntarilyadoptIFRSprito2005.WeinvestigatewhetherGermancompaniesthathaveadopt

4、edIFRSengagesignificantlylessinearningsmanagementcomparedtoGermancompaniesreptingunderGermangenerallyacceptedaccountingprinciples(GAAP)whilecontrollingfotherdifferencesinearningsmanagementincentives.Oursampleconsistingof

5、Germanlistedcompaniescontains636firmyearobservationsrelatingtotheperiod1999–2001.OurresultssuggestthatIFRSadoptersdonotpresentdifferentearningsmanagementbehavicomparedtocompaniesreptingunderGermanGAAP.Thesefindingscontri

6、butetothecurrentdebateonwhetherhighqualitystardsaresufficienteffectiveincountrieswithweakinvestprotectionrights.TheyindicatethatvoluntaryadoptersofIFRSinGermanycannotbeassociatedwithlowerearningsmanagement.1.Introduction

7、TheInternationalAccountingStards(IAS)nowrenamedasInternationalFinancialReptingStards(IFRS)havebeendevelopedtoharmonizecpateaccountingpracticetoanswertheneedfhighqualitystardstobeadoptedin3studyarepresentedinSection6.Fina

8、llyinSection7wesummarizeourresultsdiscusstheimplicationslimitationsofouranalysisgivesuggestionsffurtherresearch.2.PreviousLiterature2.1.AdoptionofInternationalAccountingStardsTheInternationalAccountingStardsCommittee(I)w

9、hichwasestablishedin1973nowrenamedastheInternationalAccountingStardsBoard(IASB)aimstoachieveunifmityintheaccountingstardsusedbybusinessesotherganizationsffinancialreptingaroundthewld(IASBwebsite).Thebenefitsoftheadoption

10、ofinternationalaccountingstardsareconsideredtobethefollowing.Firstitshouldimprovetheabilityofinveststomakeinfmedfinancialdecisionseliminateconfusionarisingfromdifferentmeasuresoffinancialpositionperfmanceacrosscountriest

11、herebyleadingtoareducedriskfinvestsalowercostofcapitalfcompanies.Seconditshouldlowercostsarisingfrommultiplerepting.Thirditshouldencourageinternationalinvestment.Finallyitshouldleadtoameefficientallocationofsavingswldwid

12、e(Streetetal.1999).TheiginalInternationalAccountingStardsweremostlydeiveinnaturecontainedmanyalternativetreatments.Becauseofthisflexibilityacontinuinglackofcomparabilityacrosscountriesthestardscameunderheavycriticisminth

13、elate1980s.InresponsetothiscriticismtheIstartedtheComparabilityProjectin1987.Therevisedstardswhichbecameeffectivein1995substantiallyreducedthealternativetreatmentsincreasedthedisclosurerequirements(Nobes2002).InJuly1995t

14、heItheInternationalganizationofSecuritiesCommission(IOSCO)agreedtoalistofaccountingissuesthatneededtobeaddressedfobtainingIOSCO’sendsementofthestards.ThesubsequentCeStardsProjectledagaintosubstantialrevisionsofIAS.InMay2

15、000theIreceivedIOSCO’sendsementsubjectto‘reconciliationwherenecessarytoaddresssubstantiveoutstingissuesatanationalregionallevel’(IOSCOPressRelease17May2000).TheCeStardsProjecthasbroughtawiderrecognitiontoIASaroundthewld.

16、FexampletheEuropeanParliamenthasissuedaregulation(16062002EC)requiringallEUlistedcompaniestoprepareconsolidatedfinancialstatementsbasedonInternationalAccountingStardsby2005.InanumberofcountriesincludingAustriaBelgiumFran