The Importance of Financial Information

Slides:

Advertisements

Similar presentations

ICP 20 Public Disclosure Yoshihiro Kawai IAIS-ASSAL Conference 22 April 2014.

Advertisements

INTERNAL CONTROL. INTERNAL CONTROL DEFINED  INTERNAL CONTROL IS A PROCESS - EFFECTED BY AN ENTITY'S BOARD OF DIRECTORS, MANAGEMENT, AND OTHER PERSONNEL.

Web Links Federal Reserve System Bank of England European Central Bank Bank of Japan (English) Reserve Bank of Australia Reserve Bank of New Zealand Bank.

The decision of whether to establish and maintain an internal audit function or outsource the function should be made by the company’s.

Page 1 Presentation to the Portfolio Committee on Tourism 21 July 2010 An overview of the External Audit Process and Types of Audits.

The Conceptual Framework and Objectives of Financial Reporting

The Role of Stakeholders In Corporate Governance Dr. Demir Yener Center for International Private Enterprise Washington, D.C. Fourth Meeting of the Eurasian.

Presentation to the Chinese Institute of Certified Public Accountants Beijing September 2012 Supporting International Development by China’s Corporate.

C LUB F INANCE The Treasurer is the Manager and accountable person for all Club finance.

Improving Corporate Governance in Malaysian Capital Markets – The Role of the Audit Committee Role of the Audit Committee in Assessing Audit Quality.

NZ has a large Current Account deficit. Why is this a problem for NZ?

XBRL and Accounting Standards: A Canadian Perspective Paul Cherry Chair Accounting Standards Board.

McGraw-Hill/Irwin Copyright © 2006 by The McGraw-Hill Companies, Inc. All rights reserved. Chapter 15 Central Banks in the World Today.

HIGHER ACCOUNTING Concepts and Conventions. Statements of Principle Relevant – to stakeholders of accounting information Reliable – complete and free.

Presentation on the topic Globalization Privatization Liberalization

Some New Perspectives on India’s Approach to Capital Account Liberalization Eswar Prasad Cornell University.

Pablo Javier Mayordomo Signes European Union Economics.

Revise Lecture 2 1. Revise Lecture The regulatory system 2.2. A conceptual framework 2.

CHAPTER 3 INTERNATIONAL ACCOUNTING. Factors Influencing the Development of Accounting Systems: Level of education Political system Legal system Economic.

Directions of financial reporting quality improvement Danil Prokopovich FCCA, CGA, CIPA, auditor, Chairman of the Committee on international reporting.

“Financial reporting plays a critical role in establishing and maintaining the confidence of the investing public. The objective of financial reporting.

Slide 1-1 FINANCIAL REPORTING AND ACCOUNTING STANDARDS.

International Financial Markets

FINANCIAL experts INDUSTRY Some of our clients. Financial translation has become a necessary service, not just within the financial industry but also.

NASDAQ’S CREDO: WSJ 2/21/02 THE RESPONSIBILITIES WE ALL SHARE. In light of recent events, we felt it important to underline the beliefs that guide NASDAQ.

(C) 2007 Prentice Hall, Inc.1-1 Financial Statements An Overview MaporMaze.

MENA-OECD ENTERPRISE FINANCING NETWORK “Linking Innovative Entrepreneurs with Investors” by Charles Kovacs Vice Chairman, Committee on Non-Member Economies,

Financial Management. Agricultural Finance THE ECONOMIC STUDY OF THE ACQUISITION AND USE OF CAPITAL IN AGRICULTURE TWO TYPES OF CAPITAL: EQUITY BORROWED.

CORPORATE GOVERNANCE Corporate Governance. What is Corporate Governance ? Corporate Governance refers to the structures & processes for the efficient.

International Federation of Accountants Importance of Reliable Financial Reporting in the International Context October 2005.

Slide 1 Federation des Experts Comptables Méditerranéens 4 th FCM Conference Capri, 3-4 May 2004 The Globalisation of Small and Medium-sized Enterprises.

12-CRS-0106 REVISED 8 FEB 2013 APO (Align, Plan and Organise)

MODULE 5 PLANNING, REPORTING & ACCOUNTABILITY ADB Private Sector Development Initiative Corporate and Financial Governance Training Solomon Islands Dr.

International Federation of Accountants Audit Policy: A Global View Russell Guthrie, Executive Director Dakar, Senegal May 5, 2011.

How Does Free Enterprise Allocate Resources Lesson 3.2.

Globalisation & Liberalisation. Introduction: Evolution of business refers to origin and growth of business activities over a period of time. Business.

Scott Stewart Portfolio Manager April 2016 Concentration, Correlation, Fragility, Volatility.

14.0 FINANCE AND ACCOUNTING

17 May 2005, Baku Private Sector Accounting and Auditing Reform and its Importance in the Transition to a Market Economy The Polish Experience * Source.

ACC 220 Week 3 DQ 1 And DQ 2 ACC 220 Week 3 DQ 1 When reviewing a financial report, why must information be reliable, relevant, consistent, and comparable?

ثبت و شناسايي درآمدها در دانشگاه علوم پزشکي تهيه و تنظيم : حسن اسحقي

Interpreting and using financial information

International Federation of Accountants

Introductory Presentation by David Hegarty David Hegarty Phone:

Graph – Part IV Half page - Analysis

Presentation to the Tourism Portfolio Committee Assurance assessment criteria for the financial year 3 May 2017.

Corporate financial reporting

1.03 Key Principles for Ethics in Accounting Review

IFRS IMPLEMENTATION & CHALLENGES

Financial Management

Financial Management

Financial Management

Financial Management

Financial Management

Financial Management

BUSINESS HIGH SCHOOL-ACCOUNTING II

BUSINESS HIGH SCHOOL-ACCOUNTING I

GIE Annual Conference Bratislava, September 2006

Economic Development Department Annual Financial Statements 2011/12

The Banking Council South Africa

Economic Development & Growth

The Importance of Reliable Financial Reporting in the Serbian context

Financial Statements for a Corporation

Final Accounts 16 September 2010 Huw George, Director of Finance

SPL – Telematic session P65 – Test preparation

Balance of Payments.

Introduction to Finance & Accounts

SPL – Telematic session P55 – Test preparation

Professional capacity for better service delivery

PRESENTED BY: S.S.W. NKOSI CHIEF EXECUTIVE OFFICER

Presentation transcript:

The Importance of Financial Information Georges Barthes de Ruyter Former Chairman of the International Accounting Standards Committee

Accounting The Financial Information of an Enterprise is a by-product of its accounting systems. International Financial Reporting Standards.

Financial Statements The basis of the financial information of any enterprise. Enterprise delivers messages to the public through its financial information. Important that messages are in a language that is precisely understood.

Why reliable information? Two arguments for reliable financial information. International National

Reliable Financial Information: International Context Allows for free and efficient flow of capital. Ensures best allocation of resources and lowest cost of capital. Correlation between progress of financial information and growth of economy.

Reliable Financial Information: National Context Confidence in financial information attracts foreign and portfolio investment. Better allocation of capital. Importance of relevant standards and reliable information.

Conclusion Importance of efficiency, independence and reliability of the audit profession.