Abstracts » Business

Seriously prejudicial

Article Abstract:

Chancellor Gordon Brown announced the scrapping of the operating and financial review (OFR) in December 2005. However, the requirements of the business review appeared almost onerous and the fact that the Financial Reporting Review Panel would be examining such reports going forward implied the regulators were taking this seriously, and the audit committee chairman had insisted that the forthcoming annual report should adopt the new business review requirements as best practice.

Regulation, Licensing, and Inspection of Miscellaneous Commercial Sectors, Reporting & Disclosure, Financial Regulation & Reporting, Methods, Powers and duties, Disclosure statements (Accounting), Financial disclosure, Brown, Gordon (British politician)

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Staying ahead of the game

Article Abstract:

The change in accounting regime would have an impact on and involve nearly all aspects of a business's operations. Careful consideration is required to be given on how the accounting impacts would be communicated to shareholders, analysts, and regulations.

Accounting Methods, Management dynamics, Capital funds & cash flow, Venture Analysis, Management, Accounting and auditing, Accounting, Business enterprises, Company business management

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