Worldwide Financial Reporting

Worldwide Financial Reporting

Author: George J. Benston

Publisher: Oxford University Press

ISBN: 9780195305838

Category: Business & Economics

Page: 326

View: 112

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.