Business Commons^™

At A Crossroads: The Impact Of International Financial Reporting Standards In The U.S., Cindy K. Harris

Business and Economics Faculty Publications

Public companies in the United States face a new challenge. As set forth in its roadmap for implementation, the Securities and Exchange Commission (“SEC”) is considering the potential use of financial statements prepared in accordance with international financial reporting standards (“IFRS”.) The chief goal of these global standards is to establish a uniform system to improve comparability of companies’ financial positions. For decades, Generally Accepted Accounting Principles (“GAAP”) have been the framework of financial statement preparation for public companies in the U.S. The movement to IFRS represents an unprecedented change in the basis of financial reporting, since IFRS would supersede …

Csr Reporting: A Process For Supply Chain Legitimation, Graham D. Bowrey, Michael D. Clements, Bonnie Amelia Dean

Faculty of Commerce - Papers (Archive)

Purpose – This conceptual paper aims to explore the legitimating process of Corporate Social Responsibility (CSR) reporting in relation to supply chain management. The paper introduces a framework for the holistic evaluation of entire supply chain CSR reporting including the use of social audits.

Design/methodology/approach – This paper is based on a review of CSR reporting literature and the role of CSR reporting as a legitimation tool of organisations that operate in distinct supply chains. The theoretical lens of three perspectives of legitimation; structural-functionalist; social constructionist; and hegemonic, are used to assess the drivers behind organisations in a supply chain …

Hongkong And Shanghai Bank Financial Reporting Practice 1865-1876, Freda Hui, Kathleen M. Rudkin

Faculty of Commerce - Papers (Archive)

Accounting practices of Hongkong and Shanghai Bank from 1865 to 1876 fostered its repertoire of precocial identities. Hongkong and Shanghai bank used these identities to act opportunistically in commercial dealings with the British colonial administration of Hong Kong, the public of the United Kingdom, and the Emperor of China and his Chinese administration. This paper argues HSBC varied its financial reporting practices to manage its identities in public spaces in different cultural constituencies in order to ensure its longer term survival. The approach taken is to use the example of HSBC’s Foochow loan to demonstrate its use of financial reporting …

Exploring The Issues In Sustainable Development Journal Reporting, Rosemary Van Der Meer, Luba Torlina, Jamie Mustard

Faculty of Business - Papers (Archive)

There is concern about the environmental claims organisations make in corporate social reports and advertising. Similar concerns may also occur with reporting of environmental initiatives in journals. This paper explores what information is being conveyed in academic and industry journals. In particular, we examine the types of projects that are discussed and the level of detail provided in the reporting of sustainable development initiatives to identify what is being communicated and whether there is substance to the reporting. The results show that there are issues with the lack of detail reported and its anecdotal nature.