Description
Palgrave MacMillan Global Financial Reporting 2003 Edition by John Flower, Gabi Ebbers
This volume analyzes and explains the revolution that is occurring at the beginning of the 21st century, with respect to the accounts of major multinational companies, as national laws and standards are supplanted by global rules. Beginning with an analysis of the financial reporting practices of five major countries, it proceeds to an examination of the International Accounting Standards Committee. The book adopts a critical approach backed up with examples from the annual reports of major companies. Table of contents : - The globalization of accounting - actors and processes: international accounting diversity the multinational enterprises rules and rule-makers Europe the USA the rest of the world the International Accounting Standards Committee. International financial reporting issues: introduction to international accounting standards - the IASC's framework and IAS 1 the balance sheet I - assets the balance sheet II - liabilities and equity the income statement group accounts intangible assets foreign currency financial instruments pensions and employee benefits leasing banks and insurance companies cash flow statements. International financial analysis, corporate governance, audit and taxation: international financial statement analysis international disclosure practice and case studies global corporate governance international audit international taxation global financial reporting in the 21st century.