Summary
Contents
Subject index
`This is a book which should be read by all students, whether undergraduate and postgraduate. It also provides a succinct guide for the manager who wishes to come to grips with this topic, or the accountant nostalgic to recollect the non too praiseworthy and indecisive history of this topic' - Managerial Auditing Journal Corporate Financial Reporting critically examines contemporary corporate financial reporting. The complexity of the reporting process and the myriad of issues facing the directors, accountants and auditors can only be successfully understood from a firm conceptual base. Recent financial scandals clearly highlight the interrelationships between all the themes explored in this book, from financial reporting to auditing, from management's motivations to fraud. Special features of this book include: - A critical examination of accounting 'theory' - Senior practitioners' insights on 'a true and fair view' - An exploration of 'the financial reporting expectations gap' - A discussion of the nature of 'corporate performance' - An examination of corporate fraud - An examination of the implications of 'real-time' reporting by companies - Discussion questions at the end of each chapter The book will be relevant to advanced undergraduate as well as postgraduate and MBA students.
Developments in Accounting and Corporate Reporting
Developments in Accounting and Corporate Reporting
If you wish to understand something, observe its beginnings and development.
In view of the lack of a generally accepted accounting ‘theory’, this chapter seeks to examine the development of accounting. Edwards (1989: 4) considered that ‘[t]he study of accounting history helps us to understand our past and gives us an appreciation of how our current practices and problems came into being’. ‘While accounting procedures have not always been logically conceived, it is relevant to study their development and change to understand why accounting is what it is today. The historical perspective also permits a better evaluation of the objectives and postulates of accounting theory’ (Hendriksen, 1977: 27). Studying this should help to clarify ...
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