Overview of the Financial Reporting Environment

In this video we will lay down the foundations of the financial reporting process that involves multiple parties. We take a view from the top and discuss who is in charge of providing rules to prepare financial statements and who are the broad set of users of accounting information. Please remember that accounting information cannot tell everything to everyone! The concepts we introduce are also fundamental to understand many of the day-to-day information we come across in relation to companies’ decisions, rules, issues they face.

You can find attached below the slides in pdf version we are presenting during the video.