Corporate Financial Reporting and Performance: A New Approach

This book illustrates an existing bond between corporate financial performance and corporate financial reporting. It suggests that where goal incongruence, or conflict of interest, exists between the acting parties, there may also be significant variation in their definitions of corporate profits such as accounting and taxable profits. The authors provide in-depth analysis of this link, and evidence for the resulting financial implications in the context of international accounting and financial reporting standards (IASs and IFRSs).

Table of Contents:
List of Tables Table of Figures Chapter I: Introduction Section 1.1. Background Section 1.2. Objectives Section 1.3. Organization & Structure Chapter 2: Theory And Analysis Section 2.1. The Framework & the Relevance of Corporate Earnings Section 2.2. The Setup Chapter 3. Ging and Corporate Earnings Chapter 4. The Model Section 4.1. The Business Case: Resolving Measurement Issues Chapter 5: Applications Section 5.1. Learning from Game Theory Section 5.2. Learning from International Corporate Financial Reporting: A Special Look at IAS 12 Chapter 6: Conclusion Section 6.1. Concluding Remarks, Implications and Suggestions Section 6.2. Limitations and Future Research Bibliography

About the Author :
Dr Önder Kaymaz is Associate Professor of Accounting at the School of Business, Central Connecticut State University (CCSU), US. Önder has authored numerous publications, and his research interests include financial reporting, standard setting, international financial reporting standards, international accounting standards, the US, international generally accepted accounting principles, financial performance, earnings management and quality, transparency and disclosure, corporate governance, corporate valuation, international taxation, capital markets and international financial laws. Dr Özgür Kaymaz is a Certified Public Accountant and Manager of Financial and Administrative Affairs at the Directorate of Education, Turkish Airlines (THY) Company in Istanbul, Turkey. With almost 20 years of experience as a specialist in the financial sector, Özgür has authored numerous publications. His research interests include financial reporting, standard setting, international financial reporting standards, international accounting standards, the US, generally accepted accounting principles, international generally accepted accounting principles, transparency and disclosure, financial performance, earnings management and quality, corporate governance, corporate valuation, international taxation, public law, capital markets and international finance laws. Dr A.R Zafer Sayar has more than 25 years of experience as a capital markets, accounting and auditing specialist in the public sector. He served as the Chief Accountant on Turkey's Capital Markets Board from 2003 to 2006. From 2001 to 2007, he was also the Secretary General and the Vice President of the Turkish Accounting Standards Board. Since 2009, he has acted as Chief Executive Officer of the Union of Chambers of Certified Public Accountants of Turkey (TÜRMOB). Professor Sayar became a technical advisor for the International Federation of Accountants (IFAC) Board in November 2011. His research areas of interest include financial reporting, auditing and corporate governance. Dr Sayar has contributed to three books and numerous articles in major publications. Since 2003, he has given accounting and finance lectures at Bilkent University, Middle East Technical University (METU) and TOBB University of Economics and Technology, Turkey.