Ifrs Fair Value And Corporate Governance

Author : Dimitris N. Chorafas
Publisher : Elsevier
Page : 412 pages
File Size : 42,6 Mb
Release : 2006-04-03
Category : Business & Economics
ISBN : 9780080461663

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IFRS, Fair Value and Corporate Governance by Dimitris N. Chorafas Pdf

Written for managers and professionals in business and industry, this book helps the reader in: * Understanding what is and is not IFRS * Learning the complexities of IFRS implementation * Appreciating the contribution of IFRS to corporate governance The changeover from the mosaic of different heterogeneous national accounting standards to the International Financial Reporting Standards has not been easy. For many companies IFRS, and most particularly the concept of fair value in IAS 39, has amounted to a phase shift – which is prerequisite to achieving compliant financial reporting. The research conducted by Dr. Chorafas for this book, documented that the process of meeting IFRS requirements presents opportunities and challenges to all enterprises. As many companies have found out, abandoning the classical accruals accounting for marking-to-market their transactions and portfolio positions, has not been easy. The conversion process has affected several functions within the organization including balance sheets, P&L statements, auditing, risk control, information systems, and management accounting. This book is in made up of four parts: * Part One focuses on business competition, standards boards, corporate accounting, and IAS 39 * The theme of Part Two, is the implementation of IFRS, exemplified through case studies on task forces and practical applications * Part Three brings together IFRS and management accounting requirements, with emphasis on fair value. * Part Four addresses itself to the contribution IFRS can make to better corporate governance, and to rebuilding the balance sheet The book has many case studies based on actual experiences. These range from the implementation of IFRS directives such as hedge accounting, to developing practices of real-time balance sheets; the help provided by sophisticated accounting solutions help in stress testing; and a comprehensive definition of the role of the audit committee. * A clear and practical view of the complexities of IFRS implementation * Includes practical case studies from real-life companies going through the process * Pays particular attention to IAS 39 on Fair Value

Author : Mariana Man,Maria Ciurea
Publisher : Infinite Study
Page : 21 pages
File Size : 43,7 Mb
Release : 2024-06-28
Category : Electronic
ISBN : 8210379456XXX

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Transparency of Accounting Information in Achieving Good Corporate Governance. True View and Fair Value by Mariana Man,Maria Ciurea Pdf

One of the key factors affecting the efficient use of resources, the increase of shareholders confidence in the managers of the company, the success in achieving objectives and economic efficiency is the system of corporate governance by which a company is managed and controlled.

Author : Pauline Weetman,Ioannis Tsalavoutas,Paul Gordon
Publisher : Routledge
Page : 422 pages
File Size : 43,5 Mb
Release : 2020-02-19
Category : Business & Economics
ISBN : 9780429774614

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International Corporate Reporting by Pauline Weetman,Ioannis Tsalavoutas,Paul Gordon Pdf

This textbook provides a comprehensive overview of international corporate reporting which enhances students’ understanding of diversity and convergence in the field. The authors discuss the institutional and cultural context in which international corporate reporting has developed over the years as well as the global reach of IFRS Standards from the IASB throughout and beyond the European Union, into interest groups and emerging economies. Other key elements explored throughout the book include assurance through auditing and corporate governance, narrative reporting, strategic and corporate social responsibility, group accounting, current accounting issues and taxation in corporate reports. Indicative research examples show how the methods used in research papers may be understood and applied. Case studies outline short projects based on corporate cases, with related links to material on corporate websites. Helpful and reliable sources of information and data are identified through hyperlinks to accessible websites. End-of-chapter questions encourage discussion of the main issues. Throughout there is a focus on accountability and the information needs of stakeholders. This new edition of a classic text is fully revised and updated in order to remain essential reading for students of international accounting and corporate reporting globally. The book will be an invaluable resource for postgraduate taught programmes and final-year undergraduate courses in accounting, finance and business studies.

Author : Roberto Di Pietra,Stuart McLeay,Joshua Ronen
Publisher : Springer Science & Business Media
Page : 424 pages
File Size : 53,7 Mb
Release : 2013-11-05
Category : Business & Economics
ISBN : 9781461480976

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Accounting and Regulation by Roberto Di Pietra,Stuart McLeay,Joshua Ronen Pdf

Since 1998, the world’s leading experts on accounting and regulation have convened in a series of workshops to explore and analyze emerging issues in the field. They have covered a wide array of topics, including corporate governance, auditing, financial disclosure, international standards boards, and the dynamics of markets and institutions. Most recently, they have focused on the role that accounting practices and policies may have played in the global financial crisis of 2008. In this volume, the editors showcase contributions from the workshops that represent the full spectrum of issues and perspectives relating to accounting and regulation. Each paper incorporates the most current examples and references to reflect the latest insights, with an emphasis on exploring future implications for theory and research, practice, and policymaking. ​

Author : Stella Fearnley,Vivien Beattie,Tony Hines
Publisher : John Wiley & Sons
Page : 471 pages
File Size : 40,7 Mb
Release : 2011-08-04
Category : Business & Economics
ISBN : 9781119973751

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Reaching Key Financial Reporting Decisions by Stella Fearnley,Vivien Beattie,Tony Hines Pdf

The regulatory framework for financial reporting, auditing and governance has changed radically in recent years, as a result of problems identified from the Enron scandal and more recently from the drive to implement global standards. In a key regulatory change, a company audit committee is now expected to play a significant role in agreeing the contents of the financial statements and overseeing the activities of the auditors. Finance Directors, Audit Committee Chairs and Audit Engagement Partners are required to discuss and negotiate financial reporting and auditing issues, a significant process leading to the agreement of the published numbers and disclosures, and to the issuing of the auditor's report which accompanies them, but which is entirely unobservable by third parties. Reaching Key Financial Reporting Decisions: How Directors and Auditors Interact is a fascinating, behind-the-scenes examination of this closed process. The authors draw on the results of face to face interviews, and an extensive survey of finance directors, audit committee chairs and audit partners, and present nine company case studies highlighting the process of discussion and negotiation and the methods by which the agreed financial reporting outcome was reached. Detailed analysis of the case studies: Allows those involved in the process to benchmark their behaviours against those of others Enables a comparison between the previous and current regulatory environments to see what has changed, and sheds light on the sorts of behaviours the current regulatory framework encourages Evaluates the effectiveness of the changed regulatory regime, providing evidence relevant to current policy debates concerning the value of audit, IFRS and the relative merit of rules-based versus principles-based accounting standards in relation to professional judgement and compliance The unprecedented access and unique insights offered by this book make it invaluable for audit firm staff and partners, audit committee chairs and company directors involved in agreeing the published financial statements, as well as those who have an interest in the financial statements, but do not have access to the negotiation process.

Author : Giovanni Frattini
Publisher : Giuffrè Editore
Page : 846 pages
File Size : 54,6 Mb
Release : 2007
Category : Business & Economics
ISBN : 9788814135804

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Improving Business Reporting by Giovanni Frattini Pdf

Author : Muath Abdelqader,Tamer K. Darwish,Khalil Nimer
Publisher : Taylor & Francis
Page : 261 pages
File Size : 41,9 Mb
Release : 2022-12-14
Category : Business & Economics
ISBN : 9781000803679

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Corporate Governance and IFRS in the Middle East by Muath Abdelqader,Tamer K. Darwish,Khalil Nimer Pdf

The rapid globalization of capital markets has increased attention toward examining the quality of the disclosure practices implemented by companies, as internationalization and globalization are the most important motives of the harmonization of financial statements preparation and presentation. Given the expansion of trade and the openness to foreign capital markets, investment decisions became not limited only for local users, but also international users may need to access the financial information. The issuance of International Financial Reporting Standards (IFRS) to be used throughout the world aims to improve the comparability and understandability of financial statements, and hence, to enhance investment decisions through helping investors across the borders to invest in multinational companies. Although fluid and under-developed institutional arrangements remain central features of emerging markets, ensuring effective corporate governance mechanisms would indeed support companies in complying with IFRS – the latter imposes a challenge for companies operating in emerging markets. This book evaluates the differences in the level of compliance with IFRS across the GCC states, exploring the impact of corporate governance on the level of compliance with IFRS and presenting an empirical analysis of companies across the GCC. It makes an important contribution by providing a detailed empirical analysis of the interplay between corporate governance and IFRS in emerging market setting and highlights the way for future research. It will provide international business, management, and accounting and finance students and senior practitioners with a completely new and updated guide to the work in the field of corporate governance and IFRS compliance in emerging markets.

Author : Didier Bensadon,Nicolas Praquin
Publisher : Springer
Page : 434 pages
File Size : 52,6 Mb
Release : 2016-05-13
Category : Business & Economics
ISBN : 9783319282251

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IFRS in a Global World by Didier Bensadon,Nicolas Praquin Pdf

This book, dedicated to Prof. Jacques Richard, is about the economic, political, social and even environmental consequences of setting accounting standards, with emphasis on those that are alleged to be precipitated by the adoption and implementation of IFRS. The authors offer their reasoned critiques of the effectiveness of IFRS in promoting genuine global comparability of financial reporting. The editors of this collection have invited authors from 17 countries, so that a great variety of accounting, auditing and regulatory cultures, and educational perspectives, is amply on display in their essays.

Author : Krista Fiolleau
Publisher : Business Expert Press
Page : 125 pages
File Size : 48,9 Mb
Release : 2010-02-15
Category : Business & Economics
ISBN : 1606491326

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A Director's Guide to Corporate Financial Reporting by Krista Fiolleau Pdf

This book is designed for corporate directors and senior executives who want to gain a better understanding of accounting. Corporate directors and managers are under pressure from recent changes in the law (especially The Sarbanes-Oxley Act 2002) and demands by shareholders and the public to be more informed, vigilant and involved in the governance of business organizations.

Author : George J. Benston,Michael Bromwich,Robert E. Litan,Alfred Wagenhofer
Publisher : Oxford University Press
Page : 336 pages
File Size : 54,7 Mb
Release : 2006-04-13
Category : Business & Economics
ISBN : 9780190294236

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Worldwide Financial Reporting by George J. Benston,Michael Bromwich,Robert E. Litan,Alfred Wagenhofer Pdf

International accounting standards tend to converge, as do auditing, enforcement and corporate governance, whereas trading of equity shares remains essentially national. The book provides a thorough analysis of what information investors really need, how financial accounting systems developed and their current requirements in major commercial countries, and examines current issues, particularly the benefits and costs a single or multiple accounting standards, the bases for accounting standards, and limitations to accounting disclosure in financial statements.

Author : Philip O'Regan
Publisher : Routledge
Page : 639 pages
File Size : 53,8 Mb
Release : 2015-10-16
Category : Business & Economics
ISBN : 9781317906674

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Financial Information Analysis by Philip O'Regan Pdf

The accounting landscape shifted following the era of global financial crisis and accounting information continues to play a vital role. Philip O’Regan’s authoritative textbook provides readers with the tools and techniques to fruitfully analyse accounting and financial data. Updated to reflect changes in corporate governance, regulatory frameworks and new forms of IFRS, the text continues to shed light on the growing emphasis placed on the role of accounting information in formulating financial strategy. Features which add value to this third edition of Financial Information Analysis include case studies in every chapter with numerous supporting articles from the major financial presses, questions for review, and a comprehensive companion website. This essential textbook is core reading for advanced undergraduate and postgraduate students of finance and accounting.

Author : Malcolm Howard
Publisher : Elsevier
Page : 312 pages
File Size : 44,5 Mb
Release : 2007-11-14
Category : Business & Economics
ISBN : 9780080554327

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Accounting and Business Valuation Methods by Malcolm Howard Pdf

This book is intended to appeal to junior accountants and entrepreneurs who need guidance and practical analytical tools to enable them to develop business plans, raise capital and assess risk. Readers can initiate their own business plans by copying over 200 lines of formulae that create a 5 year plan that includes an earnings statement (or profit and loss account), balance sheet and cash flow statement. It will also appeal to students taking accounting and finance modules that cover basic accounting techniques, ratio analysis, investment appraisal, as well as company valuation and share valuation. The book demonstrates with four case studies where practice often differs with theory. Chapter 1 covers basic book-keeping, showing how accounts are reconciled and controlled covering topics such as the working capital cycle and negotiating techniques. Chapter 2 deals with basic business planning and how to use ratio analysis (performance, asset management, structure, and investment ratios) to assess company performance. Chapter 3 explains that published accounts are based on a series of judgements and the effect the relatively new international financial reporting standards and legislation such as the Sarbanes-Oxley Act is having on corporate governance. Chapter 4 covers risk assessment and valuing companies. Four case studies bring everything together; how investment trusts are valued, the effect of restructuring on share prices, the difference between serious profit warnings and mere compliance with regulation and hostile takeovers. Via a thorough analysis of published accounts this book will show readers how to: distinguish between mandatory and optional reports; assess the strength of a company’s balance sheet; assess the risk factors associated with investment; assess whether or not the market value of a particular company is justified. * examines the difference between mandatory and optional reports * explains how to assess the strength of a companys balance sheet * looks at how to assess whether or not the market value of a particular company is justified

Author : H. P. A. J. Langendijk,Dirk Swagerman,Willem Verhoog
Publisher : John Wiley & Sons
Page : 392 pages
File Size : 52,6 Mb
Release : 2003-03-28
Category : Business & Economics
ISBN : UCSC:32106016564830

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Is Fair Value Fair? by H. P. A. J. Langendijk,Dirk Swagerman,Willem Verhoog Pdf

The failure of current mechanisms to either predict the collapse of various companies or curb corrupt practises has kept the subject of external reporting to the fore. Is Fair Value Fair? Financial Reporting in an International Perspective contains contributions from many highly-respected individuals involved in external reporting, regulation and standard setting. Their contributions discuss the future of regulation application of standards supervision audit Current trends are discussed, as are ways in which the current regulatory environment could be improved. The new IFRS regulations coming into force in 2005 are set to radically change the various methods of financial reporting. Is Fair Value Fair? fully prepares readers for these changes and is an invaluable tool for corporate financiers and institutional investors with an interest in the regulatory environment.

Author : James P. Catty
Publisher : John Wiley & Sons
Page : 256 pages
File Size : 51,6 Mb
Release : 2012-01-10
Category : Business & Economics
ISBN : 9781118185421

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The Professional's Guide to Fair Value by James P. Catty Pdf

An all-encompassing guide to the elements and basics of fair value With the important role fair value is playing in the creation of a converged set of global accounting standards, demand for products in this category is growing spectacularly. The elements and basics of fair value are covered, including risk, dealing with the SEC, and details on legal responsibility. In addition, sample financial statements are included, along with tables, recommended applicable techniques, and management checklists for those who are responsible for preparing and approving of financial statements. Written by the Chairman and co-CEO of the International Association of Consultants, Valuators and Analysts (IACVA) Includes sample financial statements of both U.S. and foreign companies Appropriate for anyone involved professionally with finance—managers, accountants, investors, bankers, instructors, and students—The Professional's Guide to Fair Value is a reliable reference on the ins and outs of fair value financial disclosure.

Author : S. Susela Devi,Keith Hooper,Shahzad Uddin,Mathew Tsamenyi
Publisher : Emerald Group Publishing
Page : 319 pages
File Size : 48,6 Mb
Release : 2011-12-15
Category : Business & Economics
ISBN : 9781780524450

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Accounting in Asia by S. Susela Devi,Keith Hooper,Shahzad Uddin,Mathew Tsamenyi Pdf

"Papers cover subjects such as Executive compensation and corporate governance with special reference to Bangladesh; leading companies in India; Fraudulent Financial Reporting. Non-financial performance measures and performance relationship in the Bangladeshi manufacturing firms.