This volume is concerned with financial reporting issues resulting from the growth and spread of multinational corporations. The book consists of up-to-date readings from a broad range of international journals which look at, and evaluate, the financial accounting techniques adopted in different parts of the world for dealing with issues such as segment recording, disclosure standards, financial reporting and stock markets. The final part deals with the reporting practices of individual companies over time. This insightful volume will be of value to researchers and practitioners alike.

Table of Contents:
Contents: Acknowledgements Introduction Clare B. Roberts PART I SEGMENTAL REPORTING 1. Don Herrmann and Wayne B. Thomas (1997), ‘Reporting Disaggregated Information: A Critique Based on Concepts Statement No. 2’ 2. Timothy S. Doupnik and Larry P. Seese (2001), ‘Geographic Area Disclosures Under SFAS 131: Materiality and Fineness’ 3. Vivek Mande and Richard Ortman (2002), ‘The Effect of Japanese Business Segment Reporting on Analysts’ Forecasts: Implications for US Investors and the SEC’ 4. Nandu J. Nagarajan and Sri S. Sridhar (1996), ‘Corporate Responses to Segment Disclosure Requirements’ 5. Wayne B. Thomas (2000), ‘The Value-relevance of Geographic Segment Earnings Disclosures Under SFAS 14’ PART II FINANCIAL ACCOUNTING MEASUREMENT RULES 6. Catherine Craycraft, Stanley Sedo and David Gotlob (1998), ‘Foreign Operations and the Choice of Inventory Accounting Methods’ 7. Eli Bartov (1997), ‘Foreign Currency Exposure of Multinational Firms: Accounting Measures and Market Valuation’ 8. Gordon M. Bodnar and Joseph Weintrop (1997), ‘The Valuation of the Foreign Income of US Multinational Firms: A Growth Opportunities Perspective’ 9. Wayne B. Thomas (2000), ‘A Test of the Market’s Mispricing of Domestic and Foreign Earnings’ 10. David A. Ziebart and Jong-Hag Choi (1998), ‘The Difficulty of Achieving Economic Reality Through Foreign Currency Translation’ 11. Ajay Adhikari and Emmanuel N. Emenyonu (1997), ‘Accounting for Business Combinations and Foreign Currency Translation: An Empirical Comparison of Listed Companies from Developed Countries’ 12. Stephen R. Goldberg, Charles A. Tritschler and Joseph H. Godwin (1995), ‘Financial Reporting for Foreign Exchange Derivatives’ PART III FINANCIAL REPORTING AND STOCK MARKETS 13. Carol A. Frost and William R. Kinney, Jr (1996), ‘Disclosure Choices of Foreign Registrants in the United States’ 14. Hollis Ashbaugh (2001), ‘Non-US Firms’ Accounting Standard Choices’ 15. Donna L. Street and Stephanie M. Bryant (2000), ‘Disclosure Level and Compliance with IASs: A Comparison of Companies With and Without U.S. Listings and Filings’ 16. Donna L. Street, Sidney J. Gray and Stephanie M. Bryant (1999), ‘Acceptance and Observance of International Accounting Standards: An Empirical Study of Companies Claiming to Comply with IASs’ 17. Hollis Ashbaugh and Morton Pincus (2001), ‘Domestic Accounting Standards, International Accounting Standards, and the Predictability of Earnings’ 18. Kurt V. Auer (1996), ‘Capital Market Reactions to Earnings Announcements: Empirical Evidence on the Difference in the Information Content of IAS-based Earnings and EC-Directives-based Earnings’ 19. Juha Kinnunen, Jyrki Niskanen and Eero Kasanen (2000), ‘To Whom are IAS Earnings Informative? Domestic versus Foreign Shareholders’ Perspectives’ 20. Edwin R. Etter (1998), ‘The Information Content of U.S. Versus Japanese GAAP Annual and Quarterly Earnings Announcements and their Relative Informativeness to Japanese Investors: A Small Sample Case Study’ PART IV CASE STUDIES OF FINANCIAL REPORTING PRACTICES 21. David Bailey, George Harte and Roger Sugden (2000), ‘Corporate Disclosure and the Deregulation of International Investment’ 22. Craig Deegan, Michaela Rankin and John Tobin (2002), ‘An Examination of the Corporate Social and Environmental Disclosures of BHP from 1983–1997: A Test of Legitimacy Theory’ 23. Carol A. Frost and Grace Pownall (1996), ‘Interdependencies in the Global Markets for Capital and Information: The Case of Smithkline Beecham plc’ 24. Norvald Monsen and Wanda A. Wallace (1997), ‘Norsk Hydro’s Communication to International Capital Markets: A Blend of Accounting Principles’ 25. Mark Whittington (2000), ‘Problems in Comparing Financial Performance Across International Boundaries: A Case Study Approach’ Name Index