Harmonizing the notes in the UK and France: a case study in de jure harmonization
This paper provides a case study of the process of de jure harmonization of financial reporting by examining the extent to which in the UK and France the regulations relating to the notes on the accounts (annexe) have been harmonized by the Fourth and Seventh Company Law Directives of the European Union and 'deharmonized' by other regulations. It looks at the requirements of the directives in relation to the notes and the reactions in the two countries to those requirements. It examines a number of areas in which implementation of the directives has been different, viz. consolidated financial statements; exemptions and extensions; financial statement formats; accounting policies; true and fair view; and tax. Finally, it explores the problem of readability and understandability and the choice between disclosure in the notes and disclosure elsewhere.
Year of publication: |
1996
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Authors: | Parker, R. H. |
Published in: |
European Accounting Review. - Taylor & Francis Journals, ISSN 0963-8180. - Vol. 5.1996, 2, p. 317-337
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Publisher: |
Taylor & Francis Journals |
Saved in:
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