Aspects of interntional accounting & finance Essay

Aspects of interntional accounting & finance - Essay ExampleAround the realness the names and formats of the additional information do very, but the actual information included is often of a similar nature.Use recent journals as obtain of information 2008/2009, these journals will be the main source of information, also use latest books as source of information as the tutor does not admit older sources of information. (2008/2009), and only official websites to be utilise as sources of information.Financial results are objective numerical yardsticks designed to simplify the measure outment of financial potential and progress over a period of time (Hanna et al 2002). Indeed, the increase in academic papers emphasizing on the importance of corporate reportage and financial results of late seems to have outpaced following the Enron Accounting Scandal (Hanna et al 2002496). According to Hensmans (2003), Adam Smith the founding father of Economics has long declare the important role of financial reporting when he argued that, the common sense basis of a prospering economy could only be provided by forethought (Hensman 2003563).According to Lev (2003), financial results serve as major inputs into investors valuation models, affecting securities prices and in turn managers compensation and wealth. The figures from financial results are also being used by institutional investors to gauge enterprise performance and the quality of management (Lev 2003). The aim of this paper is analyse BPs 2005 through 2008 annual reports so as to assess the influence of