Creative Accounting: The Effectiveness of Financial Reporting in the UK (Paperback) (ISBN-13: 9781349132461)

Since the inception of the Financial Reporting Council in May 1990, the Accounting Standards Board and the Financial Reporting Review Panel have featured prominently in the financial press. Creative Accounting questions whether the new regime is likely to improve financial reporting practices in the United Kingdom. Do financial statements contain useful information? Is the new profit and loss account a reliable measure of financial performance? What significance should be attached to the balance sheet and the gearing ratio? Are UK companies guilty of using financial techniques to improve their reported results? Does the stock market pay any attention to company financial statements? Is there such a thing as creative accounting? What is the role of the auditor? Will the recommendations of the Cadbury Committee help to restore public confidence in financial reporting? In addressing these issues, Creative Accounting highlights the complexities and limitations of company financial statements. It is essential reading for all users of these statements.

Author: Trevor Pijper
ISBN-10: 1349132462
ISBN-13: 9781349132461
Publisher: Palgrave MacMillan
Language: English
Published: 01/01/1993
Pages: 185
Format: Paperback
Weight: 0.57lbs
Size: 8.50h x 5.50w x 0.46d