Financial Reporting and Analysis Notes (MBA, BBA, B.Com, Management) for mba, bba, b.com and other management and business studies students. Financial reporting is the procedure of producing statements that release an organization's financial position to management, investors and the government or state. Generally, the four elementary reports are balance sheets, income statements, cash flow statements and statements of shareholders' equity.
Auditors Independence By auditors independence we means that the independence of the external auditor or internal auditor from the people or parties that might have some sort of financial interest in the organization that is being audit. As the major purpose of the audit is to provide information to the sharehold... read more
March 16, 2019
What is Audit Report Audit report is the report generated by the external auditors who are known as independent accounting professionals and this report is generated by them for the shareholders of the company. This report tells about the assets, liabilities of the company and also about the present financial positio... read more
March 15, 2019
Critical Analysis of Green Bury Report This report was published in July 1995 under the chairmanship of Sir Richard Green bury and this report form many guidance associated with the Directors Remuneration and more specifically its disclosure in company annual reports. As a Consequence of this report certa... read more
November 18, 2018
Critical Analysis of Cadbury Report Cadbury committee was arranged in May 1991.It was formed by the financial reporting council of London stock exchange. Committee published its final report in the Month December of year 1992. This Committee was formed under the chairmanship of Sir Adrian Cadbury. Cadbury report was ... read more
November 18, 2018
Critical Analysis of Hampel Report The Hampel Committee was formed in 1996 under the chairmanship of Sir Ronald Hampel. Committee was formed in 1996 and its final report was generated in 1998.The Hampel report reviewed the recommendations of the Cadbury report and Green bury report. The Hampel Committee also suggeste... read more
November 18, 2018
It is supposed that the very origins of writing itself may have established out of early marks used to keep account of goods at earliest warehouses more than 5,300 years ago. The view that pre-numerical counting systems pre-dated even written language, didn’t originate as a surprise to many archeologists and histor... read more
March 09, 2018