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Enhancing the effectiveness of financial reporting for the twenty‐first century
Author(s) -
Urbancic Frank R.,
Sylvestre Jeanne
Publication year - 1997
Publication title -
journal of corporate accounting and finance
Language(s) - English
Resource type - Journals
eISSN - 1097-0053
pISSN - 1044-8136
DOI - 10.1002/jcaf.3970080304
Subject(s) - accounting , business , accounting management , finance , economics , accounting information system
Abstract There are grave concerns about the growing complexity of notes accompanying financial statements. This article reviews the initiatives taken by the FASB, the SEC, and others to simplify things. Those responsible for preparing financial statements need to pay close attention to these trends.