Global Financial Accounting and Reporting 3e provides a complete companion to financial accounting that takes management students with no previous knowledge of accounting from the mechanics of how financial records are structured through to being able to understand and analyze published consolidated financial statements. The book is global in its approach. It uses International Financial Reporting Standards as its basis and so reflects the rules followed by nearly all European listed companies and by an ever-increasing number of firms worldwide. Global Financial Accounting and Reporting is primarily aimed at future users of accounting information such as managers and analysts. It is therefore ideal for use at MBA level. It can also be used on financial accounting modules for business students at the undergraduate level.

Global Financial Accounting and Reporting 3e provides a complete companion to financial accounting that takes management students with no previous knowledge of accounting from the mechanics of how financial records are structured through to being able to understand and analyze published consolidated financial statements. The aim is to place financial reporting in its business context and to make it clear to aspiring managers how accounting is an integral part of understanding an enterprise. To this end this book considers how the conceptual foundations of accounting translate into the financial statements of businesses. The book is global in its approach. It uses International Financial Reporting Standards as its basis and so reflects the rules followed by nearly all European listed companies and by an ever-increasing number of firms worldwide. Global Financial Accounting and Reporting is primarily aimed at future users of accounting information such as managers and analysts. It is therefore ideal for use at MBA level. It can also be used on financial accounting modules for business students at the undergraduate level.

Global Financial Accounting and Reporting is a European-focused introductory financial accounting textbook for students encountering the subject for the first time at MBA and Masters level. Structured around European IFRS, the second edition of this text has been fully updated to cover recent changes to reporting standards and provides a concise and accessible guide to international financial reporting, heavily-supported by real-world examples from multinational company accounts.

This paper investigates the informativeness of rhetorical impression management patterns of CEO letters. We identify three holistic style patterns (assertive acclaiming, cautious plausibility-based framing and logic-based rationalizing) and examine the relationship of each composite linguistic style feature and the properties of earnings forecasting behaviour of security financial analysts, such as the forecast dispersion and accuracy. The results show that assertive rhetorical impression management in CEO letters is negatively related with the dispersion of financial analysts' earnings forecasts and positively with earnings forecast accuracy. CEOs' use of a rationalizing rhetorical pattern tends to decrease the dispersion of financial analysts' earnings, whereas a cautious plausibility-based rhetorical position is marginally instrumental in getting more accurate earnings predictions. Our results are robust to alternative model specifications and a set of covariates. While impression management communication is often theorized as manipulative and void of real information content, this paper evidences that impression management serves both self-presentation and information-sharing purposes. These findings suggest that the information-sharing and self-presentation objectives of impression management are not necessarily mutually exclusive.

Using composite style measures of the letter to shareholders, we elaborate dominant rhetorical profiles and qualify them from an impression management perspective. In addition, we examine how institutional differences affect rhetorical profiles by comparing intensity and contingencies of rhetorical profiles of UK and US companies. We document three prominent rhetorical profiles: (1) an emphatic acclaiming stance, (2) a cautious plausibility-based framing position, and (3) a logic-based rationalizing orientation. The profiles represent distinct self-presentational logics and have different readability effects. Rhetorical impression management is stronger in the US companies, but higher expected scrutiny in the US institutional environment affects sensitivity of rhetorical postures to message credibility and litigation risk, attenuating the acclaiming and rationalizing profile, while marginally increasing the less litigation-sensitive defensive framing style in US letters.