Accounting for Joint Ventures and Associates in Canada, UK, and US: Do US Rules Hide Information?
研究比较加拿大、英国和美国对合营与联营企业的会计处理，发现美国GAAP的合并方式导致预测和估值相关信息损失，可能掩盖对投资者有用的信息。
Abstract: Unlike US GAAP, accounting principles in Canada and the UK require disclosure of disaggregated components of joint ventures and associates. Using comparative analysis of Canadian, UK and US data, this study investigates the potential loss of forecasting and valuation relevant information from aggregating joint venture and associate accounting amounts. Findings show that aggregating joint venture and associate investment numbers, and aggregating joint venture revenues and expenses, each leads to loss of forecasting and valuation relevant information. Thus, current US accounting principles likely mask information that financial statement users could use to predict future earnings and explain share prices.