Financial Reporting and Analysis for Decision Making - Essay Example

Only on StudentShare

Extract of sample
Financial Reporting and Analysis for Decision Making

There appears no true definition under the ordinance or the HKAS. Most cases require the knowledge of the accountant discretion. When companies comply with the Company’s Ordinance the HKAS depicts the situation as true and fair. The moment there appears a problem; the term comes straight from the legislative or the investment discretion (Oporowski, 2005). Hong Kong citizens tend to analyze the connection found among corporate operation reporting releases. Basing the argument to the results of a, certain company in, Hong Kong years 2011 shows that, Firms experiencing a high earning level, rarely releases the information to the yearly press disclosure. Companies that end up releasing their press disclosures display a heightened impression management. The implication here proves that managers who handle their practices engage in it at varied levels related to the firms’ communications. The ultimate information found in such communications proves that the corporations release information that lures the outsiders to view the firm’s performance in a way that they desire (Chartered Institute of Management Accountants, 2011). ...Show more

Summary

Financial Reporting and Analysis for Decision Making Name Student ID Professor Course Date Introduction Financial reports integrates the use financial statements, stock exchange documentation to deliver the financial information required. The efficiency and effectiveness of financial reporting under the government of Hong Kong appears governed by; The Companies Ordinance (Chapter 32), the dominant sections appears as Sections 121-145 [Sections 373-446 working under the proposed companies Ordinance 2012]…
Author : lela04
Financial Reporting and Analysis for Decision Making essay example
Read Text Preview
Save Your Time for More Important Things
Let us write or edit the essay on your topic
"Financial Reporting and Analysis for Decision Making"
with a personal 20% discount.
Grab the best paper

Related Essays

Simon Everly PLC Financial analysis and decision making
The financial ratios interpreted in this section include: all the liquidity ratios, some of profitability ratios (Return on equity and return on capital employed), gearing ratios, interest cover, and some of the investors ratio. Questions C and D have been answered in appendices 2 and 3 respectively.
10 pages (2500 words) Essay
Financial Reporting and Analysis
Case 1(1) a) Financial statements information helps the users such as investors, creditors, regulators, and government, to make business and economic decisions. These financial statements should thus report an economic activity without exaggerating it so that the behaviour towards one direction can be influenced towards one direction.
8 pages (2000 words) Essay
Financial Reporting
External Reporting to investors, government authorities and other outside parties on the organisation's finance position, operations and related activities. This information is also used by regulatory bodies like Internal Revenue Service. Sometimes the managers in other organization also use such information in their decision making.
6 pages (1500 words) Essay
Financial Decision Making
Every enterprise, whether public or private, large or small, profit making or not is a financial concern. Most of its decisions involve finance. Success or failure of the decisions and hence the enterprise depends on the quality of its financial decisions.
6 pages (1500 words) Essay
Financial Reporting and Analysis
Favourism on one party over the other which is intentional should not exist concerning the information on financial reports. The financial statements will henceforth, provide a balanced scorecard to all the parties I relation to the
5 pages (1250 words) Essay
Financial Reporting and Analysis for Decision Making
The other bodies governing the Hong Kong Financial reporting operates as; Hong Kong Financial Reporting Standards (HKFRS), Accounting standards (HKAS)
12 pages (3000 words) Essay
FINANCIAL REPORTING & ANALYSIS
It is known that financial statements offer comprehensive information on the reporting firm, which is useful to existing and potential stakeholders (Rudžionienė 2006, p. 52). This paper will discuss this
8 pages (2000 words) Essay
FINANCIAL REPORTING & ANALYSIS
o support the International Accounting Standard Board through identifying the theories that will be used by it consistently when revising and developing IFRSs (International Financial Accounting Standard) (Rutherford, 2000). The conceptual framework seeks to ascertain that the
6 pages (1500 words) Essay
FINANCIAL REPORTING & ANALYSIS / IASB Conceptual Framework for Financial Reporting
For that reason, any accounting conceptual framework, if properly adhered to, ought to reflect lists of qualitative characteristics that make sure financial reporting is provided to users with sufficient
8 pages (2000 words) Essay
FINANCIAL REPORTING & ANALYSIS of IASB Conceptual Framework for Financial Reporting
The reaction towards the issues arising due to the defect in the conceptual framework is reactive in nature rather than proactive. Therefore the lack of proper and standard conceptual framework has increased the risk of inconsistency in the standard with each other and
7 pages (1750 words) Essay
Get a custom paper written
by a pro under your requirements!
Win a special DISCOUNT!
Put in your e-mail and click the button with your lucky finger
Your email
YOUR PRIZE:
Apply my DISCOUNT