Case Name :      Financial Reporting Discussions and Debates: A Series of Review Tasks

Authors :           Mark E. Haskins

Source :             Darden School of Business

Case ID :           UV1027

Discipline :        Finance

Case Length :    07 pages

Solution Sample availability : YES

Plagiarism : NO (100% Original work)

These are positioned to be a useful means for reviewing certain aspects of financial reporting. They are purposeful, yet a bit playful; discussion-oriented, yet focused on the important dimensions of the financial reporting world. In particular, the six tasks presented pertain to: The nature of the different sets of books companies keep in order to comply with external financial reporting requirements, income tax laws, and internal operating decision-making needs; Seven recurring components of a typical corporate annual report; Foundational accounting concepts; Perspectives of various constituencies regarding the financial reporting standards-making process; The issue undergirding the adoption of international financial reporting standards; Highlight several contemporary, hot-button financial reporting issues.