A Global View of Financial Accounting

The importance of corporate financial reporting has increased over the years. Accountants have developed standards that ensure the financial information issued by companies is rigorous and assists the users of the information in making decisions. Initially counties developed their own standards but the increase in world-wide trade demonstrated the need for an international approach to standard setting. This led to the establishment of International Accounting Standards Board (IASB) and the issue of international accounting standards.

Although accounting standards originally focused on financial information that would be of interest to investors in a company, there is an increasing interest in all corporate activities that shape the way we live.

In this book we discuss the specific pressures and decisions that influences the changes in corporate reporting with emphasis given to the U.K., the United Sates and Islamic countries. We also discuss the impact of advances in technology on corporate reporting and we review the nature of information provided by companies to a wider audience than shareholders.

About the Author

Roger Hussey received his MSc in Industrial Relations and PhD in Financial Communications from University of Bath, UK. He worked as an accountant in industry before moving to the Industrial Unit at St Edmund Hall, Oxford University, In 2000, Roger moved to Canada as Dean of the Odette School of Business. He has published widely in professional and academic journals and has written several books on accounting issues.

Talal Al-Hayale received his MA in Finance and his PhD in Accounting from the University of Wales, U.K. He has taught in England, Canada, China, and Jordan. Talal is the author or co-author of more than 30 articles published in the USA, UK, and the Middle East. He is currently a professor at the University of Windsor in Canada.