We use cookies to create the best experience for you. Keep on browsing if you are OK with that, or find out how to manage cookies.
Nobody downloaded yet

Corporate theory and pratice - Essay Example

Comments (0)
The need to reassess the presentation of the financial statement in its current form was ignited by the misrepresentation of data to the public and regulators by various US corporations including Enron and WorldCom and later gained momentum in the wake of the dramatic fall of…
Download full paper
Corporate theory and pratice
Read TextPreview

Extract of sample
Corporate theory and pratice

Download file to see previous pages... ther regulatory bodies therefore acted urgently initiating a raft of new amendments aimed at halting firms from concealing underperforming portfolios through ingenious accounting practices (Brodie, 2008). Consequently the IASB and the FASB issued amendments to IAS 39 Financial Instruments: Recognition and Measurement and IFRS 7 Financial Instruments: Disclosures that permit the reclassification of some financial instruments and require consequential additional disclosures in respect of any reclassification made.  These amendments were issued to address the current market conditions and, due to its urgency, were issued without the normal due process (IASB & FASB, 2009).
The Financial Statement Presentation is one of the seven joint IASB and FASB financial accounting projects set to concluded by the year 2011 in three phases [See Table 1]. The main preposition was the introduction of a cohesive, disaggregated, and liquid and flexible. The FSP Discussion Paper (DP) – Preliminary views on Financial Statement Presentation is founded on three premises which require a presentation of the FSP in such a way that:
‘establish a standard that will guide the organization and presentation of information in the financial statements...the management of an entity communicates financial statement information to users of financial statements, such as present and potential equity investors, lenders, and other creditors...improve the usefulness of the information provided in an entity’s financial statements to help users make decisions in their capacity as capital providers.’ (IASB and FASB, 2009, Pg.1)
The board’s primary intention is for firms to present a singular financial statement with the objective of enhancing the financial presentation model that is analogous and uniform hence decipherable to the users. The projected presentation model necessitates a firm to present the financial information in a way that depicts how it operates its business disengaged from data ...Download file to see next pagesRead More
Comments (0)
Click to create a comment
James Posts theory of global corporate citizenship
[Student’s Name] [Instructor’s Name] [Course name and code] 16 Apr. 2011. Critical analysis of James Post’s theory of global corporate citizenship: “Global corporate citizenship means that companies must not only be engaged with stakeholders but be stakeholders themselves alongside governments and civil society” (Schwab).
2 Pages(500 words)Essay
Agency Theory and Corporate Governance
Agency theory is entirely an academic term and it defines the relation and conflicts between a principal and an agent. With the help of corporate governance any corporation and company can be managed and governed. Agency theory is a part of corporate governance as corporate governance is not complete without the committee members, shareholders and board of directors of a company.
8 Pages(2000 words)Essay
Corporate Responsibility: Theory and Practice
The aim for corporate social responsibility is to ensure that a company’s actions in business have positive effects on its consumers, employees, environment, communities and all other stake holders. The corporate social responsibility concept emerged in the late 1960’s and was highly embraced in the 1970’s.
8 Pages(2000 words)Essay
Public Relations- Theory to pratice : portfilio of client briefs
FOEI UK adheres to the overarching goal of the FOEI network by focusing on its four core priorities: socio-economic justice, protecting the forest and biodiversity; food; and, climate and sustainable energy. To this end, FOEI UK designed and implements four campaigns.
6 Pages(1500 words)Essay
Financial Theory and Corporate Policy
On the other hand, if the combined effect is "negative," the merger may even prove fatal later. Some mergers look for cost-based economies of scale, some may look for revenue-based economies of scale, safety net-based economies of scale, defense-based scale of economies, etc.
7 Pages(1750 words)Essay
Contingency theory and Corporate Social Responsibility
st important aspect is that there must be a proper fit between the size of an organization, its technology and the requirements of its environment and this perspective is referred to as the Contingency Theory. Moreover, the importance of communicating knowledge effectively
12 Pages(3000 words)Essay
The payments in old times could be made through different commodities such as wheat, rice, gold or even labor hours. In contemporary taxation laws, taxes are usually paid only in the specific currency of that region. The
3 Pages(750 words)Essay
Principle of Inf. Systeam theory and pratice
Sysco’s current information systems include ERP and Data warehouses but they do not fulfill the need for forecasting and anticipating future needs. It needs a
5 Pages(1250 words)Essay
Principle of Informatiion Systeam theory and pratice
The implementation of BI software at SYSCO will be analyzed in the paper and the considerations that were made for the respective transition. SYSCO is considered to be the largest food distributor in North America, which is
4 Pages(1000 words)Essay
How stakeholder theory linked with Corporate social resoponisiblty IN TESCO
The ethical aspects address the morals within the business premise so that the image of the business organization is upheld. The theory gives a strategic approach to the groups that are stakeholders in
1 Pages(250 words)Essay
Let us find you another Essay on topic Corporate theory and pratice for FREE!
Contact us:
Contact Us Now
FREE Mobile Apps:
  • About StudentShare
  • Testimonials
  • FAQ
  • Blog
  • Free Essays
  • New Essays
  • Essays
  • The Newest Essay Topics
  • Index samples by all dates
Join us:
Contact Us