current issues in financial reporting - Essay Example

Only on StudentShare

Extract of sample
current issues in financial reporting

549-586). This paper explains the importance of financial reporting in organization, and gives the reasons for and against capitalising human resources in the financial statements of a company. Discussion Financial reporting entails communication of useful financial information for making credit, investment and other decisions in business. Reports to the stockholders on quarterly and annual basis, financial statement notes, prospectuses on issuance of security and common stock, and the external financial statements, like the income statements, stockholder’s equity statement, cash flow statements and the statements on stock equity. Financial reporting enhances delivery of information to the shareowners and lenders in business; it is usually component of the essential contract between them since they have the right to know the spending of their money and the returning profits (Ballweiser, 2004). In UK, big changes in financial reporting are under the Financial Services sector. The Accounting Standards Board, ASB issued exposure drafts that detail the proposals for financial reporting in UK. ...Show more

Summary

Name: Tutor: Course: Date: University: Introduction The transformation of information-based economies to knowledge based requires the procedures that relate to the accounting, management and finance. The increased growth of the service organizations in UK has shifted their focus towards the employee empowerment…
Author : deondre51
Save Your Time for More Important Things
Let us write a custom essay on your topic
"current issues in financial reporting"
with a personal 20% discount.
Find out more

Related Essays

International corporate reporting issues
have been significantly affected with the expansion of business activities. Primarily, these boards are responsible for articulating common languages or the standards for financial reporting across the world (Tran, 2012). In the recent times, companies that have been operating in different countries are troubled by several issues of financial reporting.
12 pages (3000 words) Essay
Advanced Financial Reporting and Theory
Critically assess how the use of IFRSs contributes to increased transparency for stakeholders, and the extent to which IFRSs can influence economic stability. You should develop your arguments in the context of appropriate accounting theory. The international business scenarios has evolved in the last decades more than it had for many previous years.
7 pages (1750 words) Essay
Interim Financial Reporting
The rationale behind creating interim financial reports is to endow investors with timely information that allows them to make investment and credit decisions. Interim reports are helpful in anticipating an organisation’s full year results on the basis of its provisional performance, and can reveal a considerable amount of information on seasonal impacts and trends that are affecting a business.
8 pages (2000 words) Essay
Financial Reporting Assignment
Finance reporting entails the complete preparation and presentation of organisations’ financial reports, which are useful in internal and external planning. The frequent users of financial reports are: government agencies, creditors, administrators, employee unions, entrepreneurs and investors.
9 pages (2250 words) Assignment
current issues in financial reporting
42). A clear basis for this is increasing argument that accounting information has a vital fiscal effect on the society. As a result, the information presented in financial reports is directly linked with the usefulness that accounting standards have for the informational requirements of users.
5 pages (1250 words) Essay
International Financial Reporting Standards
In the international community the fastest growing accounting framework that is being used in the business industry of different countries is the international financial reporting standards (IFRS). The international financial reporting standards were created by the International Accounting Standards Board (IASB).
4 pages (1000 words) Assignment
Advanced financial reporting
The paper comprises 3 questions, each related to aspects pertaining to environmental reporting. It begins with an initial introduction about the aspects of environmental compliance and reporting.The first question is in connection with two provided annual reports of Halma plc and United Utilities plc, which required critical evaluation adequacy of disclosures given in the reports regarding environmental reporting.
12 pages (3000 words) Essay
Foreign Finance
2 pages (500 words) Assignment
Financial Reporting case study
The paper presents the three issues, in a report format, to the finance director describing the appropriate accounting treatment in the financial statement for the year ended 31 December 2014. In light of the varying
6 pages (1500 words) Coursework
Find out how much would it cost
to 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