International Financial Reporting

New features of this edition are:

? focus on accountability in corporate reporting;

? description of corporate governance and assurance initiatives that have developed out of Enron and other major corporate failures;

? transparency and disclosure through narrative information in annual reports, explaining the legislation and guidance available and giving examples of the range of practices that have emerged;

? the development of financial reporting practices across Europe is integrated in one chapter with particular reference to Poland as the largest economy entering the EU in the

2004 enlargement.

The material in this book is sufficient for a full semester’s course of study, in the typical half-year semester lasting around 15 weeks. For shorter periods the modular structure allows selection of relevant material. For a course focusing on the comparison of IASB and US GAAP as global influences on European accounting, Parts 1 and 3, with Chapter 10, would form a suitable basis. For a study of research methods in comparative financial reporting, Part 2 with Chapters 14 and 15 give methods of research and their application. To contrast the rate of implementation of IFRS in different regimes, Part 1 with Chapters 10 and 12 would provide an interesting comparison between Europe and Japan. For those wishing to establish a basis for comparative financial analysis, Part 1with Chapters 14 and 16 give the basis for understanding and comparing consolidated financial statements.