财务报告成本和税收利益之间的权衡--基于存货计价方法选择的理论分析

文章以存货计价方法选择为例分析了企业如何选择会计政策的问题。当企业不考虑税收利益时,存在薪酬计划和处于债务违约边缘的公司将选择先进先出法,面临较大政治成本的公司将选择后进先出法;当企业考虑税收利益时,管理者权益比例较高且财务杠杆比例较低的公司将选择后进先出法。最后,文章指出在进行会计政策选择时,还必须综合考虑政府政策的影响。

Tradeoff between Financial Reporting Costs and Tax Benefits--Theoretical Analysis Based on Inventory Valuation Methods Choice

Using the inventory vatuation methods choice as an example, the paper analyzes the question how firms to choose the accounting methods from three aspects. First, firms will choose FIFO method without considering tax benefits when they have bonus plan or they are close to violation of debt covenants. But they will choose LIFO method when they faces large political costs. Second, firms will choose FIFO method considering tax benefits when they have high levels of manager ownership and low financial levers. Otherwise, they will choose LIFO. At last, firms will consider the effect of government policies at the same time.