Tham khảo tài liệu 'the solutions manual for advanced financial accounting_8', tài chính - ngân hàng, kế toán - kiểm toán phục vụ nhu cầu học tập, nghiên cứu và làm việc hiệu quả | Chapter 11 Reporting financial performance 319 more pragmatic than theoretical. While the last three of these are currently the subject of review it is unlikely that fundamental changes will be made to existing standards. The same might also be said of segmental reporting which is the only topic covered in the chapter that is not yet being actively pursued as part of the convergence programme. The most controversial subject covered in the chapter is share-based payments. This as we saw involves a number of interesting issues concerned with distinguishing between items that should appear in the operating statements and those that would only involve movements within equity. We also noted that for many entities the introduction of the accounting treatment proposed in FRED 31 would have a significant impact on reported earnings and not surprisingly this has generated considerable opposition. The use of sharebased payment undoubtedly has a cost which should be recognised in the financial statements and the issue of a standard on this subject will be a true test of the ability of the IASB to set global accounting standards in controversial areas of accounting. Recommended reading J. Coulton Accounting for executive stock options a case study in avoiding tough decisions Australian Accounting Review Vol. 12 No. 1 March 2002. IATA in association with KPMG Segmental Reporting Montreal IATA 2000. S. Lin The association between analysts forecasts revisions and earning components the evidence of FRS 3 British Accounting Review Vol. 34 No. 1 2002. Excellent up-to-date and detailed reading on the subject matter of this chapter and on much of the contents of this book is provided by the most recent edition of UK and International GAAP A. Wilson M. Davies M. Curtis and G. Wilkinson-Riddle eds Ernst Young Butterworths Tolley London. At the time of writing the latest edition is the 7th published in 2001. Questions The introduction of FRS 3 Reporting Financial Performance has .
