The paper analyses the problems of financial reporting disclosures by public companies, particularly in the context of the apparent contradiction between widespread claims of information overload on the one hand and continuing claims from users that they do not receive all the information they...

This paper reviews the principal candidates for bases of measurement in financial reporting - historical cost, value to the business (also known as deprival value or current cost), fair value, realisable value, and value in use - explains how they work, and discusses their advantages and...

The paper reviews calls for a new reporting model for business, including calls for recognition of intangible assets in accounts or for a framework for disclosure of intangibles in non-financial reporting. The paper argues for business reporting to be seen as a complex social institution that...

The paper summarises the development of the economic theory of the firm, with particular reference to the work of Knight, Coase and Williamson, and examines its potential relevance to questions of measurement in financial reporting. Based on differences between firms' business models, and...

The paper notes a growing demand for risk reporting in recent decades. Researchers who have looked at the experience of risk reporting across different sectors often express a degree of disappointment with it. The paper reviews the findings of research on this subject, and identifies reasons why...