Financial Reporting Requirements
A company’s financial statements provide various financial information that investors and creditors use to evaluate a company’s financial performance. This concept offers an overview of financial reporting standards in the UK.
Technique Overview
Financial Reporting Requirements Definition
There are two types of financial reporting requirements: legal and regulatory. These relate to the provisions of legislation and those regulations produced by standard-setters (Lee, 2007). Financial reporting requires keeping accounting records, producing financial statements, Board and Shareholder approvals, and audits.
Financial Reporting Requirements Description *
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Business Evidence
Strengths, weaknesses and examples of Financial Reporting Requirements *
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Business Application
Implementation, success factors and measures of Financial Reporting Requirements *
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Professional Tools
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Further Reading
Financial Reporting Requirements web and print resources *
Financial Reporting Requirements references (4 of up to 20) *
- ASB, 2011. The future of UK GAAP. Available at: (www.frc.org.uk/asb/technical/projects/project0072.html) [Accessed on 19 December 2011].
- Barth, M.E. and Landsman, W.R. (2010) How did financial reporting contribute to the financial crisis? European Accounting Review, 19(3), pp.399-423.
- Booth, B. (2011) Biotech executive's pay premium vs tech: More cash, less equity. Forbes, Jul 5. Available at: (www.forbes.com/sites/brucebooth/2011/07/05/biotech-executives-pay-premium-vs-tech-more-cash-less-equity/) [Accessed on 19 December 2011].
- Calder, A. (2008.) Corporate governance: a practical guide to the legal frameworks and international codes of practice. Kogan Page Publishers.
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