Conceptual Framework for Financial Reporting

Conceptual Framework for Financial Reporting = SFAC No.8


そもそもSFACとは？
Statement of

Financial

Accounting

Concepts

  • FASBが表明したBasis for Finanicial Accounting Concepts
  • SFAC is NOT equal GAAP あくまでもコンセプト

【SFAC No.8】

  • SFAC No.8 は複数のChaptersから成り立っている
  • The chapters of SFAC No.8 replaced
    1) SFAC No.1 "Objectives of Financial Reporting by Business Enterprises", and
    2) SFAC No.2 "Qualitative Characteristics of Accounting Information"

SFAC No.8 主要Chapterのタイトル

[Chapter1] The Objective of General Purpose Financial Reporting

  • Primary Users: Existing and potential investors, lenders, and creditors
  • General Purpose: Provide financial information that is useful to the primary users in making decisions about providing resources to the reporting entity.

[Chapter3] Qualitative Characteristics of Useful Financial Information

 

<Relevance>

  1. Predictive Value
  2. Confirmatory Value
  3. Materiality

<Faithrullness Representation>

  1. Completeness
  2. Neutral
  3. Free from errors

 Enhancing Qualitative characteristics -  Addition to Relevance&Faithful Rep.

  1. Comparability
  2. Verifiability
  3. Timeliness
  4. Understandability

ーーーーー

SFAC No.3以降８までの 各Statement名 (内容については後述）

[SFAC No.3] Elements of Financial Statement of a Business →　のちSFAC No.6 にReplaceされる

[SFAC No.4] Objectives of Financial Reporting by Nonbusiness Organizations

[SFAC No.5] Recognition and Measurement in the Financial Statements

[SFAC No.6] Elements of Financial Statements

[SFAC No.7] Using Cash Flow Information and Present Value in Accounting Measurements