美國CPA考試知識點(diǎn)：基本的財務(wù)會計概念框架

　　正保會計網(wǎng)校特別為美國cpa學(xué)員整理了美國cpa考試《財務(wù)會計與報告》的重點(diǎn)考點(diǎn)，以備迎接美國cpa考試，祝您在網(wǎng)校學(xué)習(xí)愉快！

　　Conceptual framework provides a basis for financial accounting concepts for enterprises.

　　FASB conceptual framework called Statements of Financial Accounting Concepts （SFAC）。

　　SFAC serves as a basis for all FASB pronouncements.

　　The SFAC are not GAAP

　　FASB and IASB have a joint project to converge their financial reporting frameworks.

　　SFAC NO. 8 Conceptual Framework for Financial report is the result of convergence. （F1-7）

　　1 objective， 2 Fundamental， 4 Enhancing.

　　1 objective – Decision useful （F1-7）

　　2 fundamental qualitative characteristics – FAR （FAithful representation + Relevance） （F1-8）

　　4 enhancing qualitative characteristics – Compare and verify in time to understand （F1-9）

　　1 Objective： DECISION USEFUL.

　　SFAC NO. 8-chapter 1： The Objective of General Purpose Financial Reporting （F1-7）

　　Who make decision？ Primary Users （existing and potential investors， lenders， and other creditors）

　　What decision？ Whether providing resources to reporting entity.

　　How useful？ use financial information （FI） to assess the reporting entity‘s prospects for future net cash inflows

　　2 fundamental qualitative characteristics – FAR （FAithful representation + Relevance） （F1-8）

　　SFAC NO. 8-chapter 3： Qualitative Characteristics of Useful Financial Information

　　FAR = FAithful representation + Relevance

　　Relevance – “Does it related to my decision？”

　　“Passing Confirms Money （PCM）”

　　“Confirm Predictive value is Material” （PCM）

　　Predictive value： Help me predict future outcomes

　　Confirming value： Help me evaluate earlier prediction.

　　Materiality： Judgment. If an omission or misstatement of the information could affect the decision made by users， then it is material.

　　Faithful Representation - “Can I depend on it？”

　　“Completely Neutral is Free from error”

　　Completeness： All facts embedded in the information.

　　Neutrality： Free from bias； focus is on objectivity and balance.

　　Freedom from Error： Judgement. Would a sufficiently knowledgeable third party derive the same result？

　　4 enhancing qualitative characteristics – Compare and verify in time to understand

　　SFAC NO. 8-chapter 3： Qualitative Characteristics of Useful Financial Information

　　4 enhancing qualitative characteristic

　　“Compare and Verify in Time to Understandability”

　　Comparability （Consistency）： across entities or from period to period.

　　Verifiability： Independent observers can reach consensus.

　　Timeliness： Recent enough to influence decision.

　　Understandability： Comprehensible by a user with reasonable understanding of business.

　　SFAC No. 4， “Objectives of Financial Reporting by Nonbusiness Organizations” （F1-10）

　　Nonbusiness organizations （Not for profit）

　　-Most of resources come from contributions and grants （Non-reciprocal）

　　-Operating purposes are other than for profit

　　-Lack ownership interest

　　Objectives is provide useful information in

　　-Making resource allocation decisions

　　-Assessing service and the ability to provide services

　　-Assessing management stewardship and performance

　　-The nature and relationship of in/out flow of resource

　　SFAC No. 5， “Recognition and Measurement in the Financial Statements” （F1-11）

　　Full Set of Financial Statements

　　Statement of financial position （the balance sheet）

　　Statement of earnings （the income statement）

　　Statement of comprehensive income （IDEA+PUFER）

　　Statement of cash flows

　　Statement of changes in owners‘ equity

　　Measurement Attributes for Assets and Liabilities （F1-12）

　　Historical cost （F2-42）： PP&E

　　Current cost （F2-42）： Inventory

　　Net realizable value （F4-23）： A/R

　　Current market value： Marketable securities

　　Present value of future cash flows： LT debt “bonds” （SFAC No.7 F1-15）

　　4 Assumptions and 6 Principles （F1-12）

　　“Ego up” + “Charm FAR”

　　4 Assumptions-“Ego up”

　　Entity Assumption

　　GOing Concern Assumption （IFRS & GAAP）

　　Monetary Unit Assumption

　　Periodicity Assumption

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