
The footnotes are aimed to satisfy the legal form of transparency, not to provide real-world disclosures that the investor would want and need, such as helping to square up straightforward answers to simple but all-important(prenominal) questions: Is the company a viable long-term investment, and is its capital long suit improving or declining? (Glen Arnold 2005) Recommendations for improvement Transparency should be specify on an expand level. This definition should include the need for accordance i n reportage standards and formats; it would ! ensure that the investors would find the same sections of the annual report in the same collection. A similar channelise is needed in footnotes. The original purpose of footnotes was to provide reinforcement for the summarised numerical information in financial statements. The fact that there is no standard for the sequence or titling of footnotes is troubling spot for investors. Creating a specialised sequence and...If you want to get a full essay, order it on our website: OrderCustomPaper.com
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