On the Significant Changes of SFAS141 Revised and the Effect on IFRS and CAS

摘要：

The Financial Accounting Standards Board (FASB)is sued Statement of Financial Accounting Standards 141 revised (SFAS 141r) in conjunction with an international convergence effort on Decem ber 2007. The new accounting standard will guide accounting for busi ness acquisitions and mergers that take place in fiscal years after Decem ber 15, 2008. In this article, the author emphasizes the great changes taking place on the S141 (r) , comparing the S141 (r)with the previous edition, indi cating that Statement 141 (R)improves reporting by creating greater con sistency in the accounting and financial reporting of business combina tions, resulting in more complete, comparable, and relevant information for investors and other users of financial statements. This article can be divided into 4 parts:Firstly, it introduces the reasons why the FASB issued Statement FASI41 revised; Secondly, it tells the key differences between S141 and S141 revised;Thirdly, it dis cusses the effect of this statement on international financial reporting Standards and China Accounting Standards;The last but not the least part is the conclusions of this article.

关键词： S141 S141 (r) Convergence projects FASB/IASB Joint effort

作者: Chen Yuyuan

作者单位: Dongbei University of Finance and Economics

会议类型: 国际会议

会议名称: 2008 Sino-Australia International Conference on Accounting and Finance(2008中澳会计与财务国际学术研讨会)

会议地点: 武汉

会议语种:英文

页码: 103-119

在线出版日期: 2008-10-31（万方平台首次上网日期，不代表论文的发表时间）