Journal of Finance and Accounting
Volume 8, Issue 4, July 2020, Pages: 208-211
Received: Mar. 4, 2020;
Accepted: Jun. 8, 2020;
Published: Aug. 19, 2020
Views 109 Downloads 74
Komati Durga Prasad, ICFAI Law School, Management Faculty, ICFAI Foundation for Higher Education, Hyderabad, India
Soofi Asra Mubeen, Business Studies Department, Higher College of Technology, Muscat, Oman
Banda Rajani, Department of Commerce and Business Management, Chaitanya Deemed to Be University, Warangal, India
The accounting principles consist of both concepts and conventions. Among different conventions, the disclosure convention is the most important one. The information should be presented in such a manner that it can be easily understood by a person of average knowledge and prudence. The Company Act 1956 not only requires that Income Statement and Balance Sheet of a company must give prescribed forms in which these statements are to be prepared. In recent years, many business enterprises have broadened the scope of their activities to different industries foreign counties and market. Due to the growth of diversified business and expansion of firms into foreign market, consolidated information becomes non-homogeneous information. The problems of disclosure can be resolved in the light of the objectives of financing reporting. The methods of disclosure include Income Statement, balance Sheet, Statement of Retained earnings, and Funds Flow statement.
Komati Durga Prasad,
Soofi Asra Mubeen,
Accounting Disclosure Practices – An Over View, Journal of Finance and Accounting.
Vol. 8, No. 4,
2020, pp. 208-211.
Akhtarudding M (2005) Corporate Mandatory disclosure practices in Bangladesh, International Journal of Accounting.
Abud Nasar, M and Tutherford B. A (1996), External users of financial reports in less developed countries. The case of Jordan, British Accounting Review 28 (1) pp 73-87. Http://du.doingorg/10.1066/bore.1996.
Abdel Khalik. A. R., & McKeown, J (1978), Understanding accounting changes in an efficient market: Evidence of differential reaction. The Accounting Review, 53 (43), 851-868.
Anderson, r., Mansi, S., & Reeb, D (2004). Board Characteristics, accounting report integrity, and the cost of debt. Journal of Accounting and Economics, 37 (3), 315-342.
Altanuro J., & Zhang H. (2013). The Financial Reporting of fair value based on managerial inputs versus market inputs: Evidence from mortgage servicing rights: Review of Accounting.
Bhusan R (1989), Firm Characteristics and Analyst. “Journal Accounting and Economics 11, 2/3, http://doi.org/10.1016/01654101(89)90008-6.
Bradshaw, M. T., & Sloan, R. G (2002). GAAP versus the street: An Empirical assessment of two alternative definitions of earnings. Journal of Accounting Research, 40 (1), 41-66.
Botan C. A (1997), disclosure level and the cost of equity capital. “Accounting Review 72.
Barth M (1994). Fair value accounting for banks Investments securities: What do bank share price tell us? Bank Accounting and Finance 7, 13-23.
Cata sus (2008), In search of Accounting absence, Critical Perspective an Accounting 19 (7) 323-350.
Carol A. Frost and Grace (1994), Accounting disclosure Practices in the United States and the U.K. Journal of Accounting Research. Vol. 32. No. 1, USA.
Chirstenen H & Nikolov V (2013) does fair value accounting for non-financial assets pass the market test? Review of accounting studies 18 (3) 734-775.
Catasus B (2008). In search of Accounting absence, Critical Perspective on Accounting 19 (7) pp 1004-1009. http://dx.doi. Org/10.1111/0045-360900102.
Fields, T., Lys, T., & Vincent, L. (2001), Empirical research on accounting choice, Journal of Accounting and Economics, 31 (1-3), 255-307.
Graham. J. R Harvey. C. r and Rajgopal (2005). The economic implications of corporate financial reporting, Journal of Accounting and Economics 40 pp 3037. http:/dx.doi.org/10.1016/j. Jacceo. 2005.
International Accounting Standard Board (IASB) (2010), conceptual framework for financial reporting, 2010. London. UK. IASB.
Lennox. C., Francis, J., & Wang, Z. (2012). Selection models in accounting research. The Accounting Review, 87 (2). 589-616.
Jacvob. G Bimborg (1980). The Role of Accountings in financial Disclosure accounting, organization and society. Vol. Issue. 1.
Lang –M Lundholm RC (1993), Cross –Sectional determinates of analyst ratings of corporate disclosure, Journal of Accosting Research 31 (2) pp 246-271, Http://dx.doi.org/10.2307/2491273.
Sinner D (1997) Earning disclosures and stockholders lawsuit: Journal of Accounting and Economic 8 (1) pp 53-72. Http://dx.doi org/10.1016/165-4101 (01). 025-8.
Song, C., Thomas, W., & Yi, H. (2010). Value relevance of FAS 157 fair value hierarchy information and the impact of corporate governance mechanisms. The Accounting Review, 85 (4), 1375-1410.
Nissim, D., & Penman, S (2008). Principles for the application of fair value accounting, working paper, Columbia Business School Center for Excellence in Accounting and Security Analysis.
Penman, S. (2007). Financial reporting quality: Is fair value a plus or a minus? Accounting and Busienss Research, Special Issue, 33-44.
Yu; K (2013). Does recognition versus disclosure affect value relevance? Evidence from pension accounting. Accounting Review, 88 (3), 1095-1127.
Watson A Srinivas P., Marton (2002) voluntary disclosure of accounting ratios in the U.K, British Accounting Review 34 (4). http://dx,org/10.1006/.2002 0213.