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Author Bruce, Robert
Title 2004 - The year in the balance : The Year in the Balance
Imprint Bradford : Emerald Publishing Limited, 2004
book jacket
Descript 1 online resource (32 pages)
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computer c rdamedia
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Note Intro -- Table of contents -- Editor's page -- Looking ahead at 2004: a global standard-setter's perspective -- Hopes and fears for financial reporting and corporate governance -- 2004: the year of the truth -- Corporate regulation: dead hand or safeguard in the year 2004 -- Disclosure, litigation and regulation: the challenges of the year ahead -- How prospective financial information will transform 2004 -- Caught in the middle: the treasury view of 2004 -- A seven-point prediction for 2004
One of the key issues of the year is a simple one. Across Europe all listed companies will have to carry out their financial reporting under the rules promulgated by the International Accounting Standards Board by the year 2005. This means that 2004, given that comparative figures will have to be shown in 2005, is the crunch time. But it is not only Europe. Countries right around the world have latched onto the initiative and are following suit. The question is how far this movement towards harmonizing global financial reporting can move. The stumbling block, like so much in the business world, is the US. The US financial reporting standard-setting body is committed to convergence. But this initiative has to overcome the sharp divide between the USA and much of the rest of the world. The US favors a mass of rules allowing as little judgment as possible. The rest of the world finds that business works better if people can use their judgment. Principles rather than rules are favored
Description based on publisher supplied metadata and other sources
Electronic reproduction. Ann Arbor, Michigan : ProQuest Ebook Central, 2020. Available via World Wide Web. Access may be limited to ProQuest Ebook Central affiliated libraries
Link Print version: Bruce, Robert 2004 - The year in the balance : The Year in the Balance Bradford : Emerald Publishing Limited,c2004 9780861769278
Subject Corporate governance.;Accounting -- Law and legislation
Electronic books
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