Financial Reporting

The Regulation of Financial Reporting

Contents
Part 1 Financial Statement Analysis of JD Wetherspoon plc Executive summary.............................................................................4
1.1 Company profile................................................................................4
1.2 History and development...................................................................4 Introduction........................................................................................5 Operating return on equity..................................................................5 Cash flow statement...........................................................................7 Investor ratios.....................................................................................8 Conclusion..........................................................................................9

Part 2 Argument for and against regulation of financial reporting
Introduction.........................................................................................11
1.1 Financial reporting.............................................................................11
1.2 Definition of regulation......................................................................11
1.3 Theories of regulation........................................................................12
1.3.1 Public interest theories....................................................................12
1.3.2 Capture theory.................................................................................12
1.3.3 Economic interest group theory.......................................................13
1.4 Outline of report.................................................................................13
Argument for regulation of financial reporting ..................................13
2.1 Reasons for

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