This paper examines the influences on French financial accounting and reporting, especially by analyzing the annual report for the year ended 2009 of the French listed company named LVMH Group SA (LVMH).
The reader can find a brief introduction to the development and landscape of French accounting and its role in a comparative global financial reporting and accounting framework, where international standards (IAS/IFRS) put pressure in national and regional accounting systems. Furthermore, the classification and the influences on French accounting are briefly examined.
Moreover this paper includes a ratio analysis of the LVMH Group SA for the year ended 2009. Finally, a more in-depth analysis of how specific features, such as asset valuation, consolidation and non-financial disclosures, are treated is done.
Inhaltsverzeichnis (Table of Contents)
- Executive Summary
- List of figures
- 1. Introduction
- 2. Literature Review
- 2.1 Classification of French Accounting
- 2.2 Cultural, Historical and Legal influences on French Accounting
- 3. Application
- 3.1 Ratio analysis of the LVMH Group for year ended 2009
- 3.2 Treatment of specific financial accounting features
- 4. Conclusion
- References
Zielsetzung und Themenschwerpunkte (Objectives and Key Themes)
This paper analyzes the influences on French financial accounting and reporting, particularly by examining the 2009 annual report of LVMH Group SA. The paper explores the development and landscape of French accounting, its role in a global financial reporting context, and the impact of international standards (IAS/IFRS) on national and regional accounting systems. It also examines the classification and influences on French accounting, presents a ratio analysis of LVMH Group SA, and delves into specific accounting features such as asset valuation, consolidation, and non-financial disclosures.- The evolution and context of French accounting
- The influence of international standards on French accounting practices
- The classification and key factors influencing French accounting
- Ratio analysis of LVMH Group SA
- The treatment of specific financial accounting features in LVMH's annual report
Zusammenfassung der Kapitel (Chapter Summaries)
- Introduction: This chapter provides a historical overview of accounting requirements in France, highlighting key milestones like the Savary Ordonnance (1673) and the Napoleonic Code de Commerce (1807). It also discusses the influence of various laws on financial reporting in the post-1946 era and the emergence of international reporting practices among large French companies.
- Literature Review: This section delves into the classification of French accounting and examines the cultural, historical, and legal factors shaping its development. It highlights the influence of European Directives and the impact of internationalization on French accounting practices.
- Application: This chapter offers a comprehensive analysis of LVMH Group SA's financial performance for the year ended 2009, including a ratio analysis. It further explores the treatment of specific financial accounting features, such as asset valuation, consolidation, and non-financial disclosures, within the context of LVMH's annual report.
Schlüsselwörter (Keywords)
The paper focuses on French financial accounting and reporting, examining the influence of international standards (IAS/IFRS), cultural and legal factors, and specific accounting features. Key terms include LVMH Group SA, ratio analysis, asset valuation, consolidation, non-financial disclosures, European Directives, and internationalization of accounting.- Quote paper
- Panagiotis Papadopoulos (Author), 2011, The Influence on Financial Accounting and Reporting in France, Munich, GRIN Verlag, https://www.grin.com/document/182628
