« Toward Semantic Model of Financial Reporting | Main | Organization, Consolidation, Basis of Presentation/Reporting, Nature of Business »

Radical Improvements in Corporate Reporting

The their book The Value Reporting Revolution, Robert G. Eccles, Robert H. Herz, E. Mary Keegan and David M. H. Phillips explain how executives who report on corporate performance, investors, governing boards, accounting firms, security analysts, regulators and others will have their worlds rocked by radical improvements in corporate reporting.

The authors explain that the revolution will happen. Well frankly, I think we are in the midst of the revolution. Of XBRL, the authors say:

Companies that do not arm themselves with XBRL, and rely instead on the increasingly outmoded arsenal of corporate reporting media and practices, will compare to those who eschewed the telephone in favor of carrier pigeons.  Providers of capital want to align with companies that look to the future, not those that cling to the past.

I recommend this book to anyone trying to wrap their heads around this radical change in corprate reporting.

Posted on Wednesday, September 7, 2011 at 08:13AM by Registered CommenterCharlie in | Comments1 Comment

PrintView Printer Friendly Version

EmailEmail Article to Friend

Reader Comments (1)

Charlie, that book is over 10 years old! Is there really nothing available that is more current?
September 9, 2011 | Unregistered CommenterMichael Roessler

PostPost a New Comment

Enter your information below to add a new comment.

My response is on my own website »
Author Email (optional):
Author URL (optional):
Post:
 
All HTML will be escaped. Hyperlinks will be created for URLs automatically.