Financial Reporting Discussions and Debates: A Series of Review Tasks

7 Pages Posted: 10 Jun 2009

See all articles by Mark E. Haskins

Mark E. Haskins

University of Virginia - Darden School of Business

Abstract

These instructional materials are positioned to be a useful means for reviewing certain aspects of financial reporting. They are purposeful, yet a bit playful; discussion-oriented, yet focused on the important dimensions of the financial reporting world. In particular, the six tasks presented pertain to: The nature of the different sets of books companies keep in order to comply with external financial reporting requirements, income tax laws, and internal operating decision-making needs; Seven recurring components of a typical corporate annual report; Foundational accounting concepts; Perspectives of various constituencies regarding the financial reporting standards-making process; The issue undergirding the adoption of international financial reporting standards; Highlight several contemporary, hot-button financial reporting issues.

Excerpt

UVA-C-2286

Oct. 16, 2008

FINANCIAL REPORTING DISCUSSIONS AND DEBATES:

A SERIES OF REVIEW TASKS

The following tasks are intended to reinforce some of the lessons and discussions you have had to date in one or more financial reporting courses. As such, the tasks cover a spectrum of issues. You will find some to be a bit playful, while others are more straightforward. In either case, they are all purposeful in touching on real-world financial reporting topics.

“Three Sets of Books” Task

. . .

Keywords: financial reporting, income tax laws, annual report, internation reporting standards, financial statements, GAAP

Suggested Citation

Haskins, Mark E., Financial Reporting Discussions and Debates: A Series of Review Tasks. Darden Case No. UVA-C-2286, Available at SSRN: https://ssrn.com/abstract=1417159

Mark E. Haskins (Contact Author)

University of Virginia - Darden School of Business ( email )

P.O. Box 6550
Charlottesville, VA 22906-6550
United States
434-924 -4826 (Phone)

HOME PAGE: http://www.darden.virginia.edu/faculty/haskins.htm

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