A History of Corporate Financial Reporting in Britain

Business & Finance
Cover of the book A History of Corporate Financial Reporting in Britain by John Richard Edwards, Taylor and Francis
View on Amazon View on AbeBooks View on Kobo View on B.Depository View on eBay View on Walmart
Author: John Richard Edwards ISBN: 9781351373470
Publisher: Taylor and Francis Publication: July 11, 2018
Imprint: Routledge Language: English
Author: John Richard Edwards
ISBN: 9781351373470
Publisher: Taylor and Francis
Publication: July 11, 2018
Imprint: Routledge
Language: English

A History of Corporate Financial Reporting provides an understanding of the procedures and practices which constitute corporate financial reporting in Britain, at different points of time, and how and why those practices changed and became what they are now. Its particular focus is the external financial reporting practices of joint stock companies. This is worth knowing about given the widely held view that Britain (i) pioneered modern financial reporting, and (ii) played a primary role in the development of both capital markets and professional accountancy. The book makes use of a principal and agent framework to study accounting’s past, but one where the failure of managers always to supply the information that users’ desire is given full recognition. It is shown that corporate financial reporting did not develop into its current state in a straightforward and orderly fashion. Each era produces different environmental conditions and imposes new demands on accounting. A proper understanding of accounting developments therefore requires a careful examination of the interrelationship between accountants and accounting techniques on the one hand and, on the other, the social and economic context within which changes took place.

The book’s corporate coverage starts with the legendary East India Company, created in 1600, and continues through the heyday of the statutory trading companies founded to build Britain’s canals (commencing in the 1770s) and railways (commencing c.1829) to focus, principally, on the limited liability company fashioned by the Joint Stock Companies Act 1844 and the Limited Liability Act 1855. The story terminates in 2005 when listed companies were required to prepare their consolidated accounts in accordance with International Financial Reporting Standards, thus signalling the effective end of British accounting.

View on Amazon View on AbeBooks View on Kobo View on B.Depository View on eBay View on Walmart

A History of Corporate Financial Reporting provides an understanding of the procedures and practices which constitute corporate financial reporting in Britain, at different points of time, and how and why those practices changed and became what they are now. Its particular focus is the external financial reporting practices of joint stock companies. This is worth knowing about given the widely held view that Britain (i) pioneered modern financial reporting, and (ii) played a primary role in the development of both capital markets and professional accountancy. The book makes use of a principal and agent framework to study accounting’s past, but one where the failure of managers always to supply the information that users’ desire is given full recognition. It is shown that corporate financial reporting did not develop into its current state in a straightforward and orderly fashion. Each era produces different environmental conditions and imposes new demands on accounting. A proper understanding of accounting developments therefore requires a careful examination of the interrelationship between accountants and accounting techniques on the one hand and, on the other, the social and economic context within which changes took place.

The book’s corporate coverage starts with the legendary East India Company, created in 1600, and continues through the heyday of the statutory trading companies founded to build Britain’s canals (commencing in the 1770s) and railways (commencing c.1829) to focus, principally, on the limited liability company fashioned by the Joint Stock Companies Act 1844 and the Limited Liability Act 1855. The story terminates in 2005 when listed companies were required to prepare their consolidated accounts in accordance with International Financial Reporting Standards, thus signalling the effective end of British accounting.

More books from Taylor and Francis

Cover of the book The Value Trail by John Richard Edwards
Cover of the book Marion Milner: The Life by John Richard Edwards
Cover of the book Best Practices in Residential Treatment by John Richard Edwards
Cover of the book Cross-Cultural Management by John Richard Edwards
Cover of the book Recognition of Prior Learning by John Richard Edwards
Cover of the book Japanese Nation by John Richard Edwards
Cover of the book Democracy and Party Systems in Developing Countries by John Richard Edwards
Cover of the book Gender, Sexualities and Law by John Richard Edwards
Cover of the book Using Data to Improve Student Learning in High Schools by John Richard Edwards
Cover of the book The Tavistock Seminars by John Richard Edwards
Cover of the book David Hume by John Richard Edwards
Cover of the book Chinese Students in UK Further Education by John Richard Edwards
Cover of the book Topics in Latin Philosophy from the 12th–14th centuries by John Richard Edwards
Cover of the book The Condition of Sustainability by John Richard Edwards
Cover of the book Drilling for Water by John Richard Edwards
We use our own "cookies" and third party cookies to improve services and to see statistical information. By using this website, you agree to our Privacy Policy