StudentShare solutions
Triangle menu

Disclosure and Financial Reporting - Essay Example

Not dowloaded yet

Extract of sample
Disclosure and Financial Reporting

It also helps the other market players to decide on mergers and acquisitions. Through disclosure of financial statements, the companies also endorse the financial information that has been sent to their regulating authorities like Securities and Exchange Commission (SEC). It is important to understand the key issues that affect the financial decisions of managers in disclosures and financial reporting. In this essay, the changes in regulations and standards that have improved the method of financial reporting and disclosure and the subsequent impacts on a company in terms of future cost, risk exposure and profits are being discussed. Several laws have been enacted and acts have been passed in different countries with the objective of making financial reporting and its disclosures more reliable and trustworthy. The objective of addressing the key issues is to ensure and protect the interest of the stakeholders and investors. One such act that addressed these issues is Sarbanes-Oxley Act. It was first implemented for companies listed in NYSE and has now been spread all over the world. Sarbanes-Oxley Act has redefined and changed the ways of Corporate Governance of companies leading to efficient and transparent operations (Ambler, Massaro and Stewart, 2005, p.38). ...Show more

Summary

Disclosure and Financial Reporting Introduction The activities of a company and stakeholders are published in the financial statements which are formed by financial reporting in the form of Balance sheet, Income statement, cash-flow statement and accompanying notes…
Author : swhite
Disclosure and Financial Reporting essay example
Read Text Preview
Save Your Time for More Important Things
Let us write or edit the essay on your topic
"Disclosure and Financial Reporting"
with a personal 20% discount.
Grab the best paper

Related Essays

Financial Reporting
Here it has been highlighted as to whether the company complied with any revisions or changes in accounting standards like AASB 101; and other accounting standards relating to intangible asset; provisions and contingent items etc. Any change adopted by the company in financial reporting for 2009 over the previous year has also been discussed.
10 pages (2500 words) Essay
Issues in Financial Reporting
The first issue was the credit crisis which had spread from US banks to Korea and Russia. The core of the problem is that many companies have failed to provide fair and accurate description of financial standing. Besides credit crisis other issues which are included in this article is off-balance-sheet financing and pension fund accounting.
11 pages (2750 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 College Essay
Apart from Balance Sheet, It also includes provisions regarding the way the reporting should be done in the profit and loss account as well as in cash flow statements. The major significance of this standard is in understanding that reporting the substance of the transaction forms the core of financial reporting.
6 pages (1500 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
Globalization of Financial Reporting
All subsequent local markets eventually report to a centralized office which oversees the global aspects of the corporation, areas in technology, finance, marketing, human resources, and others. In designing the organizational structure for international operations, the structure should meet both the strategies of the home office and the requirements of the local market.
5 pages (1250 words) Essay
Corporate Governance Disclosure and the Financial Practices
The study intends to focus on the attributes of corporate governance reporting practices that are prevalent in the Saudi listed companies. The study would primarily accentuate on whether the Saudi Arabian companies comply with the established corporate governance disclosure norms while preparing their annual financial reports.
6 pages (1500 words) Essay
International Financial Reporting Standards
This is unlike this is unlike the other existing financial reporting frameworks which, on the contrary, set rules, and regulations with
2 pages (500 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
Framework is that the relationship between financial accounting and economic reality is unidirectional, reflecting or faithfully reproducing relationship”, which presupposes that “economic reality exists objectively, intersubjectively, concretely and independently of
8 pages (2000 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