Abstract The study focused on the adoption process of International Financial Reporting Standards (IFRS) on a developing economy‚ with particular reference to Nigeria. The paper is based on the data obtained from literature survey and archival sources in the context of the globalization of International Financial Reporting and the adoption of International Financial Reporting Standards (IFRS).Nigeria has embraced IFRS in order to participate in the benefits it offers‚ including attracting foreign
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Why organisations need to change and how change affects organisations: In today’s fast evolving world that is always looking out for changing so frequently‚ if any organization is there which thinks to get this pace slow would be profoundly disappointed. In fact organizations should embrace change to their system‚ as without change there might be some chances that businesses lose the competitive edge in the market and they would fail meeting the customer’s expectations who are the loyal customers
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REPORTING PRACTICE OF THE CORPORATE SECTOR IN INDIA Sham Lal & Sonia Lecturer in Commerce‚ Guest Faculty‚ Govt. Bikram College of Commerce‚ Patiala . Research Scholar‚ Dravidian University‚ Kuppum‚ AP. MA Economics Part II‚ Punjabi University‚ Patiala Abstract Disclosure is the communication of various details regarding the activities of the business which are to be disclosed either statutorily or otherwise‚ and it is to convey a true and fair view of the operating results and financial position
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corporate disclosure‚ and the capital markets: A review of the empirical disclosure literature$ Paul M. Healy*‚ Krishna G. Palepu Graduate School of Business‚ Harvard University‚ Boston‚ MA 02446‚ USA Received 14 January 2000; received in revised form 16 March 2001 Abstract Financial reporting and disclosure are potentially important means for management to communicate firm performance and governance to outside investors. We provide a framework for analyzing managers’ reporting and disclosure decisions
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phrases “accounting standards” and “financial reporting” refer to. Accounting standards refer to the accounting methods used in an accounting system like the IFRS. Financial reporting refers to the representation of financial information‚ in order to be uniform the financial reporting must be based on a fixed set of rules‚ invole complete objectivity and no bias. The IFRS (International financial reporting standards) has indeed helped the uniformity of financial reporting. However‚ in some cases due to
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(Research) Paper: Gender and Self Disclosure Picture yourself in a grocery store. The woman next to you is on her cellular phone talking to what sounds like a boyfriend. You hear her say‚ “I’m going out with my girlfriends tonight‚ we all need some time to talk and catch up.” Now imagine yourself in the same situation‚ replacing the woman on the cell phone with a man. Would a man sound strange saying‚ “I’m going out with my boyfriends tonight‚ we just need to chat.”? This situation would
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Reporting Practices and Ethics Deanna L. Thomas HCS 405 March 8‚ 2015 David Albalat Reporting Practices and Ethics The four elements of financial management are planning‚ controlling‚ organizing and directing‚ and decision making. These four elements will be defined and explained in this paper. Also emphasized will be the accepted accounting principles and the general financial ethical standards. Examples of ethical standards of conduct and financial reporting practices will be explored and
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asset or renew the lease contract. The three major types of leases are the operating lease‚ financial/capital lease and the direct financing lease. The operating lease is a short-term lease contract where the lessor bears all operating and repairing costs of the asset and the lessee pays periodic rental payments to the lessor‚ and where the lease is cancelable‚ and there is no bargain purchase option. Financial/capital lease is a long-term lease contract where the lessee bears all operating‚ repairing
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growth and employment. Companies concerned will need to disclose information on policies‚ risks and results as regards environmental matters‚ social and employee-related aspects‚ respect for human rights‚ anti-corruption and bribery issues‚ and diversity on the boards of directors. Social Reporting Corporate social reporting is referred as the process of communicating the social and environmental effects of economic organisations ’. The reporting is also a form of corporate self-regulation integrated
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"governance" and "good governance" are being increasingly used in information disseminated by various organizations. Bad governance is being increasingly regarded as one of the root causes of all evil within our societies. Major donors and international financial institutions are increasingly basing their aid and loans on the condition that reforms that ensure "good governance" are undertaken. Simply put "governance" means: the process of decision-making and the process by which decisions are implemented
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