Handbook on the financial reporting environment / edited by (Weili Ge, Moss Adams Endowed Professor of Accounting, Michael G. Foster School of Business, University of Washington), Allison Koester (Dean's Research Fellow Associate Professor of Accounting, McDonough School of Business, Georgetown University) and Sarah McVay (William A. Fowler Endowed Professor of Accounting, Michael G. Foster School of Business, University of Washington, USA).

Format:

Book

Contributor:

Ge, Weili, editor.

Koester, Allison, editor.

McVay, Sarah, editor.

Edward Elgar Publishing, publisher.

Series:

Research handbooks in accounting

Research handbooks on accounting series

Language:

English

Subjects (All):

Financial statements.

Genre:

Electronic books.

Physical Description:

1 online resource (444 pages)

Edition:

First edition.

Place of Publication:

Northampton : Edward Elgar Publishing, 2025.

Summary:

"This timely Handbook offers a practical guide to understanding the complex world of financial reporting. It depicts how the financial reporting environment is shaped by key players, including standard setters, managers, auditors, and regulators, and how sophisticated users like institutional investors and creditors use financial information for their decision making. The efficient allocation of capital hinges on high-quality financial information. Today's financial reporting environment extends far beyond traditional financial statements. It includes forward-looking disclosures, sustainability reporting, and additional evolving forms of communication-making the landscape increasingly complex and, at times, daunting. This Handbook serves as a vital guide, offering clarity amid this complexity. Each chapter, written by leading experts, provides in-depth coverage of a specific area of financial reporting. Foundational concepts are paired with real-world examples and insights from academic research in a concise and accessible format. Designed for a broad audience, including students, business professionals, and researchers, this Handbook provides essential understanding for anyone seeking to grasp the dynamics of financial reporting in today's business world"-- Provided by publisher.

Contents:

Contents: Introduction to the handbook on the financial reporting environment / Weili Ge, Allison Koester and Sarah McVay

Part I: Information generation

Section 1.1: Mandatory disclosure

1. The role of standard setters in financial reporting / Christine Botosan, Derek Christensen, Michael Durney, Kurt Gee and Cassie Mongold

2. Investments in the financial reporting process / Maria Khrakovsky and Nemit Shroff

3. Managers' financial reporting incentives / David Burgstahler and Elizabeth Chuk

4. Managers' tools to meet earnings management incentives / Kalash Jain and Doron Nissim

5. The role of the human element: Managerial characteristics and the financial reporting environment / Weili Ge, Katie Lem and Keehea Moon

6. Financial reporting effects of tax planning and execution / Allison Koester, Terry Shevlin and Ryan Wilson

Section 1.2: Voluntary disclosure and communication channels

7. Alternative performance measures / Sarah McVay, Edgar Rodriguez-Vazquez, Sara Toynbee and Benjamin C. Whipple

8. Management guidance / Mei Feng and Lian Fen Lee

9. Managers' channels of communication / Dawn A. Matsumoto and Gregory S. Miller

Section 1.3: Widening the scope of assessed performance

10. Environmental impact disclosures / Peter Easton, Rachna Prakash, George Ruch and Gary Taylor

Part II: Information validation and monitoring

11. The role of the board on corporate reporting / Gaizka Ormazabal

12. The role of external auditors in the financial reporting process / Lauren M. Cunningham and Sarah E. Stein

13. The role of regulators in financial reporting / Jonas Heese

14. Institutional factors: Political economy, legal systems, and social norms / AJ Yuan Chen and T.J. Wong

Part III: Users' information integration

Section 3.1: Putting it all together

15. Information processing costs / Elizabeth Blankespoor and Ed deHaan

Section 3.2: Information intermediaries as users and monitors

16. The role of financial reporting in debt markets / Matthew A. Phillips and Regina Wittenberg-Moerman

17. Wall street analysts: Frenemies of both investors and managers / Mark Bradshaw and Andrew C. Call

Section 3.3: Assessing firm value

18. Value investing: Integrating theory and practice / Charles M.C. Lee

19. Market efficiency with costly information / Charles M.C. Lee

Part IV: Bridging research and practice

20. The financial reporting environment from a practitioner's perspective / Crystal Finkelstein and Christina Nichols.

Notes:

Includes bibliographical references and index.

Description based on print record.

ISBN:

9781800888685 (e-book)

Access Restriction:

Restricted for use by site license.