Recent upheavals in the capital markets and the wider economy have presented accountants with a number of challenges. Economic downturns and increased competitive pressures have encouraged companies to adopt accounting methods which show their results in the best light, and this has led to increasing emphasis on rulemaking by the accounting profession to maintain the credibility of published accounts. The Accounting Standards Committee, established in 1970 by the professional accounting bodies in the aftermath of the AEIGEC takeover battle and the PergamonLeasco affair, encountered increasing problems in gaining acceptance for its accounting standards in recent years and has now been replaced by a better resourced and more independent body, the Accounting Standards Board. In addition to these general difficulties, corporate merger activity and innovative forms of financing have raised serious problems of a technical nature for accountants. These difficulties are all occurring at a time when deregulation of the capital markets has reduced the amount of investment analysis work done by stockbrokers to concentrate on companies in the FT100 index which account for 80 of stock exchange turnover, with consequent neglect of the great mass of companies, therby increasing the importance of published accounts as a source of investment information.
Management Research News – Emerald Publishing
Published: Jul 1, 1991
It’s your single place to instantly
discover and read the research
that matters to you.
Enjoy affordable access to
over 18 million articles from more than
15,000 peer-reviewed journals.
All for just $49/month
Query the DeepDyve database, plus search all of PubMed and Google Scholar seamlessly
Save any article or search result from DeepDyve, PubMed, and Google Scholar... all in one place.
Get unlimited, online access to over 18 million full-text articles from more than 15,000 scientific journals.
Read from thousands of the leading scholarly journals from SpringerNature, Wiley-Blackwell, Oxford University Press and more.
All the latest content is available, no embargo periods.
“Hi guys, I cannot tell you how much I love this resource. Incredible. I really believe you've hit the nail on the head with this site in regards to solving the research-purchase issue.”Daniel C.
“Whoa! It’s like Spotify but for academic articles.”@Phil_Robichaud
“I must say, @deepdyve is a fabulous solution to the independent researcher's problem of #access to #information.”@deepthiw
“My last article couldn't be possible without the platform @deepdyve that makes journal papers cheaper.”@JoseServera