Skip to main content Site map

International Corporate Reporting: Global and Diverse 5th edition

International Corporate Reporting: Global and Diverse 5th edition

Paperback by Weetman, Pauline (University of Edinburgh, UK); Tsalavoutas, Ioannis; Gordon, Paul

International Corporate Reporting: Global and Diverse


Publication Date:
3 Mar 2020
5th edition / English
Taylor & Francis Ltd
446 pages
For delivery:
Estimated despatch 30 Apr - 2 May 2024
International Corporate Reporting: Global and Diverse


This textbook provides a comprehensive overview of international corporate reporting which enhances students' understanding of diversity and convergence in the field. The authors discuss the institutional and cultural context in which international corporate reporting has developed over the years as well as the global reach of IFRS Standards from the IASB throughout and beyond the European Union, into interest groups and emerging economies. Other key elements explored throughout the book include assurance through auditing and corporate governance, narrative reporting, strategic and corporate social responsibility, group accounting, current accounting issues and taxation in corporate reports. Indicative research examples show how the methods used in research papers may be understood and applied. Case studies outline short projects based on corporate cases, with related links to material on corporate websites. Helpful and reliable sources of information and data are identified through hyperlinks to accessible websites. End-of-chapter questions encourage discussion of the main issues. Throughout there is a focus on accountability and the information needs of stakeholders. This new edition of a classic text is fully revised and updated in order to remain essential reading for students of international accounting and corporate reporting globally. The book will be an invaluable resource for postgraduate taught programmes and final-year undergraduate courses in accounting, finance and business studies.


List of exhibits and case studies Author biographies Preface Acknowledgements Part I Institutions, culture and research methods Chapter 1 Global corporate reporting Learning outcomes 1.1 Current trends in global corporate reporting 1.2 Overview of corporate reporting 1.3 Our approach in this book 1.4 The language we use 1.5 Establishing global authority in corporate reporting 1.6 Challenging globalisation 1.7 Summary and key points Questions References Chapter 2 Institutional and external influences Learning outcomes 2.1 Introduction 2.2 Factors influencing the development of accounting systems 2.3 The political and economic system 2.4 The legal system 2.5 The taxation system 2.6 The corporate financing system 2.7 The accounting profession 2.8 Religious institutions 2.9 Other influences 2.10 Indicative research examples 2.11. Summary and key points Questions References Chapter 3 Cultural influences Learning outcomes 3.1 Introduction 3.2 Defining culture 3.3 Culture and business 3.4 Culture and accounting 3.5 Is culture an important influence on accounting? 3.6 Indicative research examples 3.7 Summary and key points Questions References Chapter 4 Classification of accounting systems Learning outcomes 4.1 Introduction 4.2 Reasons for classifying accounting systems 4.3 Deductive and inductive classification 4.4 Approaches to classification 4.5 Development of classification studies 4.6 Is classification successful? 4.7 Summary and key points Questions References Chapter 5 Measuring harmonisation and diversity Learning outcomes 5.1 Introduction 5.2 Similarities and differences in the accounting methods used 5.3 Good news, bad news and earnings 'conservatism' 5.4 Similarities and differences in narrative disclosure 5.5 Summary and key points Questions References Part II Global reach of international standards Chapter 6 Developing international financial reporting standards Learning outcomes 6.1 Introduction 6.2 Structure for setting IFRS Standards 6.3 Operation of the IASB 6.4 Challenges to the IASB 6.5 The International Federation of Accountants 6.6 Indicative research examples 6.7 Summary and key points Questions References Chapter 7 European accounting and reporting Learning outcomes 7.1 Introduction 7.2 European Union (EU) 7.3 Accounting in EU member states 7.4 National standard setters in Europe 7.5 European Securities Markets Authority (ESMA) 7.6 Indicative research examples 7.7 Summary and key points Appendix to Chapter 7 Questions References Chapter 8 Global organisations and interest groups Learning outcomes 8.1 Introduction 8.2 Political influence 8.3 Initiatives from the business community 8.4 Cooperation in the accountancy profession 8.5 Regional groups in the accountancy profession 8.6 Indicative research examples 8.7 Summary and key points Questions References Chapter 9 Broadening the influence of IFRS Standards Learning outcomes 9.1 Introduction 9.2 Differential reporting 9.3 Balancing national control with IFRS convergence 9.4 Public sector accounting standards 9.5 Indicative research examples 9.6 Summary and key points Questions References Part III Assurance Chapter 10 Auditing Learning outcomes 10.1 Introduction 10.2 International Auditing and Assurance Standards Board 10.3 National monitoring and review of audit firms 10.4 Developing the audit report 10.5 Competition and audit reform 10.6 Indicative research examples 10.7 Summary and key points Questions References Chapter 11 Corporate governance Learning outcomes 11.1 Introduction 11.2 Organisation for Economic Cooperation and Development (OECD) 11.3 Corporate governance models 11.4 Corporate governance codes 11.5 Enforcement and ratings 11.6 Indicative research examples 11.7 Summary and key points Questions References Part IV Narrative corporate reporting Chapter 12 Management commentary and strategic reporting Learning outcomes 12.1 Introduction 12.2 Management discussion and analysis in the US 12.3 Management reports through the EU Accounting Directive 12.4 IASB Management commentary 12.5 Remuneration reports 12.6 Dual listing and investor communication 12.7 The meaning of 'transparency' 12.8 Indicative research examples 12.9 Summary and key points Questions References Chapter 13 Corporate social responsibility and sustainability Learning outcomes 13.1 Introduction 13.2 Initiatives supported by the United Nations 13.3 Governmental-backed strategies 13.4 Global networks and interest groups 13.5 Market ratings 13.6 Is CSR reporting effective for sustainability? 13.7 Indicative research examples 13.8 Summary and key points Questions References Part VI Accounting and taxation Chapter 14 Group reporting Learning outcomes 14.1 Introduction 14.2 Group accounting 14.3 Goodwill and impairment 14.4 Associates and joint ventures 14.5 Foreign currency and hyperinflation 14.6 Summary and key points Questions References Chapter 15 Current issues in accounting Learning outcomes 15.1 Introduction 15.2 Fair value accounting 15.3 Investment properties 15.4 Revenue recognition 15.5 Research and development expenditure 15.6 Leases 15.7 Alternative performance measures (non-GAAP reporting) 15.8 Indicative research examples 15.9 Summary and key points Questions References Chapter 16 Corporate tax reporting Learning outcomes 16.1 Introduction 16.2 Tax systems 16.3 IAS 12 Accounting for income taxes 16.4 Tax planning and transfer pricing 16.5 Country-by-country reporting 16.6 Indicative research examples 16.7 Summary and key points Questions References Part VI National interests in an environment of global reporting Chapter 17 United States Learning outcomes 17.1 Introduction 17.2 Institutional and external influences 17.3 Development of accounting regulation 17.4 The corporate reporting system 17.5 Auditing and corporate governance 17.6 Indicative research examples 17.7 Summary and key points Questions References Chapter 18 China Learning outcomes 18.1 Introduction 18.2 Institutions 18.3 Development of accounting regulation 18.4 Corporate reporting framework 18.5 Auditing and corporate governance 18.6 Hong Kong 18.7 Indicative research examples Questions References Chapter 19 Japan Learning outcomes 19.1 Introduction 19.2 Institutions 19.3 External influences on accounting 19.4 Development of accounting regulation 19.5 The corporate reporting system 19.6 Auditing and corporate governance 19.7 Indicative research examples 19.8 Summary and key points Questions References Index


University of Glasgow logo