欢迎来到天天文库
浏览记录
ID:346995
大小:60.00 KB
页数:14页
时间:2017-07-26
《对减记资产减值的研究【外文翻译】》由会员上传分享,免费在线阅读,更多相关内容在学术论文-天天文库。
1、外文文献翻译ACloserLookAtDiscretionaryWritedownsOfImpairedAssetsTheincreasingnumberofassetwritedownsandwrite-offsduringthelastdecadehascapturedtheattentionofboththefinancialpressandthestandardsettingcommunity.TheFASBiscurrentlyconsideringregulationofwritedownsofimpairedassetsandidentifiableintangiblesa
2、ndreleasedaDiscussionMemorandumontheissuessurroundingtheprobleminDecember1990.Presently,thereislittleempiricalresearchwhichappliesdirectlytothewritedownswhichmightbecoveredbytheresultingstandards(discretionarywritedowns).BeforeanyregulationbytheFASBisattemptedinthisarea,itwouldbebeneficialforboth
3、standardsettersandthebusinesscommunitytolearnaboutthosecompanieswhohavealreadychosentorecorddiscretionarywritedownsandthesituationswhichmayhavepromptedthemtodoso.Previousresearchinthisareaisnotconclusivesincesomeisbasedonanecdotalevidenceandmostofthepublishedstudiesofwritedownsincludenotonlydiscr
4、etionarywritedownsofimpairedassets,butalsowrite-offsandwritedownswhichmayqualifyasdiscontinuedoperationsunderAPB30.Thepurposeofthispaperistofillthisvoidintheliteraturebyprovidinginformationfocusingonlyondiscretionaryassetwritedowns.Inparticular,thefollowingareaswillbeexplored:1.Whattypesoffirmsar
5、erecordingdiscretionaryassetwritedowns?Howprevalentaretheseevents?2.Howarediscretionaryassetwritedownsdisclosed?3.Whenarediscretionaryassetwritedownsrecorded?Arethereanytimingpatternsintheseevents?4.Whataretheconsequencesofthesewritedowns?Howdotheyaffectstockpricesandthefinancialhealthofthefirms?
6、THECURRENTENVIRONMENT14Anassetissaidtobe"impaired"whenitsbookvalueexceedssomemeasureofits"fair"value.Whenafirmrecognizesthisimpairmentandsubsequentlyrecordstheeffectbydecreasingthebookvalueoftheassetanddebitinganincomestatementaccount,thefirmhasrecordeda"writedown."GAAPclearlyallowsthesewritedown
7、sinseveralsituations.First,certaincurrentassets,suchasmarketablesecuritiesandinventories,areexaminedperiodicallyandadjustedtothelowerofcostormarket.Similarly,longtermequityinvestmentsareadjustedperiodicallytothelowerof
此文档下载收益归作者所有