Tag Archives: Disclosure

Disclosures: A Return to Relevance | Accounting Standards and Financial Reporting

An expert opinion of the current status.   Why is the convergence meeting so much difficulty?    Read some of the issues being addressed or perhaps not being addressed well.

Excerpt:  Much has been written and debated about the growing complexity and technical demands of accounting standards, financial reporting, and disclosures. It has gotten to the point where many otherwise capable accountants are not confident that they can apply the new requirements without outside assistance from subject matter experts.

This is happening at a time when, in the financial reporting environment, there has been heightened sensitivity and attention given to accounting and financial reporting. Users of financial statements have also expressed concerns with the volume of information required to be disclosed—it makes it difficult for them to discern what is really relevant and important to an individual company. They can’t adequately decipher what factors really drive the company’s performance.

Read full article via Disclosures: A return to relevance.  From AICPA

Comments Off on Disclosures: A Return to Relevance | Accounting Standards and Financial Reporting

Filed under Accounting, Bookkeeping, GAAP, IFRS

Capital Market Consequences of Managers’ Voluntary Disclosure Styles — The Harvard Law School Forum on Corporate Governance

Interesting and suggested read…….Your company’s reputation can be tied to the credibility and issuance from a single manager versus the long held concept the issuance is always firm wide.  Therefore, knowledge aforehand of this relational effect and cause is a need-to-know for management and investors.

Excerpt……..Overall, unlike prior studies which implicitly assume that a firm’s disclosure behavior is attached to the firm or its entire management team, this study provides the first evidence that managers can develop a personal reputation via their disclosure behavior, and is consistent with managers’ concerns about establishing a personal reputation for accurate and transparent reporting.

Read full intro and download study here…..via Capital Market Consequences of Managers’ Voluntary Disclosure Styles — The Harvard Law School Forum on Corporate Governance and Financial Regulation.

Comments Off on Capital Market Consequences of Managers’ Voluntary Disclosure Styles — The Harvard Law School Forum on Corporate Governance

Filed under Leadership, Operations & Innovation, Management