Enron: A Financial Reporting Failure?

Case of Enron: Failure of Measurement System?

The current financial crisis reminds us about previous economic crisis that have remained in history, as well as of large bankruptcies that were largely debated within trade literature, which themselves also comprise similarity elements with nowadays situation. We therefore couldn’t agree more with George Bernard Shaw who used to say that “We learn from history that we learn nothing from histor...

Consequences of Financial Reporting Failure for Outside Directors:

The Islamic Financial Reporting Goals and convergence with International Financial Reporting Standards (IFRS

According to some accountants, financial reporting in the islamic countries should be based on fairness, goodness and morality. This study examined the possibility of modifying the conventional framework for reporting in line with Islamic accounting objectives and to adapt the process of recognition and reporting financial events in accordance with the Shari'a principles. The research method is...

Business strategy and financial reporting readability

Business strategy exerts a considerable impact on complexities, risk and corporate environmental uncertainties as well as the way of providing financial reporting. On this line of argument, therefore, the present study seeks to scrutinize the effect of business strategy on corporate financial reporting readability. In doing so, Fog and Fletch indices are employed to measure financial reporting ...

Financial Reporting by a Shared Ledger

Among models and information about economic phenomena which help to understand how enterprises produce value, Accounting and Financial Reporting still play a leading and regulative role. The regulative role is established by enforceable International Financial Reporting Standards (IFRS). Ontology engineering methods, which have proven to cope with difficult standardization issues, are seldom us...