assessment of resent development in financial reporting
assessment of resent development in financial reporting
The preparation of financial statements is becoming more and more complex. Public and listed companies in UK have to comply with Company law, International Financial reporting standards and stock exchange requirements in the preparation of annual reports.
This raises the question as to whether there is too much regulation.
Critically assess whether it would be sufficient for companies to simply comply with the legal requirements of the country in which they are based rather than being concerned with any other regulations?
The answer is expected to include:
1.Objectives of financial statements and their use to investors( here you must mention some contents in the financial statement). 20%
2. Critical evaluation of the differences between the regulatory systems and the impact on global financial reporting requirements. 55%
3. Formation of logical conclusion. 15%
4. structure, referencing/bibliography. 10%
Reference list should include three referenced academic journals and four academic books.
