Introspection on the Enterprise Accounting Standard for Taiwan Enterprise form the Financial Reporting Framework for Small and Medium Sized Entities of the United States

• Main Authors: LU,WEN-LING, 魯雯鈴
• Other Authors: LEE,JAN-ZAN
• Format: Others
• Language: zh-TW
• Published: 2017
• Online Access: http://ndltd.ncl.edu.tw/handle/79xaf7

碩士 === 國立臺北大學 === 會計學系 === 105 === Since 2013, public listed companies in Taiwan have adopted International Financial Reporting Standards (IFRS). The Enterprise Accounting Standard (EAS) was adopted in January 01, 2016 for non-publicly listed small-medium enterprises (SMEs). Such standards removed the complex portion of IFRS, and it is also known as the smaller version of IFRS. Prior to the statement of financial accounting standard period, it was quite common to find SMEs not following such provisions, due to the complexity of the statement and lack of active supervision from the competent authority. SME financial statements do not have public accountability, and they have accounting personnel shortages, are complex for external users, and not cost-effective. Under the new version of enterprise accounting standards, will the problems and side effects for SMEs continue? This study intends to look at the FRF for SMEs published by the American Institute of Certified Public Accountants, exploring their purposes, predicting the financial statement users, and examining major differences in the statements. Hope this study can act as a reference, guide, and direction for future amendments of the Enterprise Accounting Standards. Through literature, this study explores and explains the reasons and trends of the world’s different systems. In addition, it introduces the direction and evolution of accounting policy amendments and compares the differences between FRF for SMEs and Enterprise Accounting Standards, exploring suggestions after analysis and presenting conclusions and recommendations. 1. The financial statement purposes for publicly and non-publicly listed companies are different and should not be considered as the same. Prior to setting SME accounting standards, SME needs should be investigated in-depth. 2. Regulate the thought of SME accounting standards. Would those SMEs require regulation? How can they be regulated? 3. The Enterprise Accounting Standards should be reviewed every three years to verify its suitability. 4. Publish an explanation of areas of doubt to relevant parties and express that explanation in plain language. 5. Regular seminars/workshops on the implementation methodology and usage of the standards should be arranged after the implementation of such standards. 6. Suggest establishing a designated team to deal with transactions that are not stipulated in the Enterprise Accounting Standards in a timely manner. 7. Examples of Enterprise Accounting Standards should be diversified.