The Value Reporting Revolution
Moving Beyond the Earnings Game
1st Edition
Published on 19. February 2001
Book
Hardback
XVIII, 350 pages
978-0-471-39879-0 (ISBN)
Description
Provides a comprehensive framework for achieving higher levels of corporate information disclosure and transparency
In order to decide whether or not a company is a good investment, analysts and investment professionals need to know as much as possible about the company's tangible and intangible assets, as well as a variety of critical performance measures. Written by an international team of experts, The Value Reporting Revolution clearly explains why corporations must move toward greater transparency and, more importantly, it provides a comprehensive framework for achieving that goal. Among other important lessons, readers learn how to identify the gaps between how corporate managers perceive their disclosure practices versus how the markets see them, as well as how to leverage their organizations' electronic communications technology and tools to ensure easy access to vital information and more meaningful data analysis.
Robert Eccles (Jupiter, FL) is President of Advisory Capital Partners, Inc. Robert H. Herz (New York, NY) is a Partner at PricewaterhouseCoopers, US. David Phillips (London, UK) is a Partner at PricewaterhouseCoopers, UK. Mary M. Keegan (London, UK) is head of Global Corporate Reporting at PricewaterhouseCoopers, UK.
In order to decide whether or not a company is a good investment, analysts and investment professionals need to know as much as possible about the company's tangible and intangible assets, as well as a variety of critical performance measures. Written by an international team of experts, The Value Reporting Revolution clearly explains why corporations must move toward greater transparency and, more importantly, it provides a comprehensive framework for achieving that goal. Among other important lessons, readers learn how to identify the gaps between how corporate managers perceive their disclosure practices versus how the markets see them, as well as how to leverage their organizations' electronic communications technology and tools to ensure easy access to vital information and more meaningful data analysis.
Robert Eccles (Jupiter, FL) is President of Advisory Capital Partners, Inc. Robert H. Herz (New York, NY) is a Partner at PricewaterhouseCoopers, US. David Phillips (London, UK) is a Partner at PricewaterhouseCoopers, UK. Mary M. Keegan (London, UK) is head of Global Corporate Reporting at PricewaterhouseCoopers, UK.
Reviews / Votes
"..easy to read..plenty to keep the reader interested..a stimulating read, guaranteed to make you question the real value of traditional quarterly earnings announcements.." (M2 Communications) one of the best business books of 2001 (getAbstract , 15 January 2002)More details
Edition
1., Auflage
Language
English
Place of publication
New York
United States
Publishing group
John Wiley and Sons Ltd
Target group
College/higher education
Professional and scholarly
Illustrations
Ill.
Dimensions
Height: 24.2 cm
Width: 16.5 cm
Thickness: 30 mm
Weight
680 gr
ISBN-13
978-0-471-39879-0 (9780471398790)
Schweitzer Classification
Persons
ROBERT G. ECCELES
Dr. Eccles is a founder and President of Advisory Capital Partners, Inc. and a Senior Fellow of PricewaterhouseCoopers. He was a tenured professor at the Harvard Business School, where he served on the faculty for 14 years. While there, one of his major research interests was performance measurement and reporting. Dr. Eccles received his undergraduate degrees from the Massachusetts Institute of Technology and his Ph.D. from Harvard University.
ROBERT H. HERZ
A partner with PricewaterhouseCoopers, Robert Herz is the firm's North America Leader of Professional, Technical, Risk, and Quality. His professional service includes positions on the FASB's Emerging Issues and Financial Instruments Task Forces, the Financial Accounting Standards Committee of the American Accounting Association, and chair of the SEC Regulations Committee of the AICPA. He is a U.S. Certified Public Accountant and a U.K. Chartered Accountant.
E. MARY KEEGAN
Mary Keegan coauthored this book as Head of the Global Corporate Reporting Group of PricewaterhouseCoopers, where she specialized in international corporate governance and reporting. She has also served as Vice President of the Fédération des Experts Comptables Européens and as a member of the IASC's Standing Interpretations Committee. She is now the Chairman of the U.K. Accounting Standards Board.
DAVID M. H. PHILLIPS
David Phillips is a partner with PricewaterhouseCoopers in the Assurance/Business Advisory Services practice in the United Kingdom and serves as the European Leader of ValueReporting. He is a graduate of Nottingham University, where he read Industrial Economics, and is a U.K. CharteredAccountant.
Dr. Eccles is a founder and President of Advisory Capital Partners, Inc. and a Senior Fellow of PricewaterhouseCoopers. He was a tenured professor at the Harvard Business School, where he served on the faculty for 14 years. While there, one of his major research interests was performance measurement and reporting. Dr. Eccles received his undergraduate degrees from the Massachusetts Institute of Technology and his Ph.D. from Harvard University.
ROBERT H. HERZ
A partner with PricewaterhouseCoopers, Robert Herz is the firm's North America Leader of Professional, Technical, Risk, and Quality. His professional service includes positions on the FASB's Emerging Issues and Financial Instruments Task Forces, the Financial Accounting Standards Committee of the American Accounting Association, and chair of the SEC Regulations Committee of the AICPA. He is a U.S. Certified Public Accountant and a U.K. Chartered Accountant.
E. MARY KEEGAN
Mary Keegan coauthored this book as Head of the Global Corporate Reporting Group of PricewaterhouseCoopers, where she specialized in international corporate governance and reporting. She has also served as Vice President of the Fédération des Experts Comptables Européens and as a member of the IASC's Standing Interpretations Committee. She is now the Chairman of the U.K. Accounting Standards Board.
DAVID M. H. PHILLIPS
David Phillips is a partner with PricewaterhouseCoopers in the Assurance/Business Advisory Services practice in the United Kingdom and serves as the European Leader of ValueReporting. He is a graduate of Nottingham University, where he read Industrial Economics, and is a U.K. CharteredAccountant.
Content
Preface.
Foreword.
PREPARING FOR THE REVOLUTION.
Prologue: A Manifesto for the Second Revolution.
Common Sense.
A SURVEY OF THE BATTLEFIELD.
Where Has All the Value Gone?
Analyze This.
The Earnings Game.
The False Prophet of Earnings.
Inside the Exciting World of Accounting Standards.
BATTLES THAT MUST BE WON.
Out, Out Damned Gap!
Risky Business.
There Is No Alternative: The Story of Shell.
HOW SWEET IT IS.
To the Victor Go the Spoils.
Can You See Clearly Now?
PART OF THE SOLUTION OR PART OF THE PROBLEM?
Get on Board.
Standard Setters.
Should You See an Analyst?
NOTHING CAN STOP US NOW.
Send Lawyers, Guns, and Money.
Epilogue: A Call to Arms.
Notes.
Index.
Foreword.
PREPARING FOR THE REVOLUTION.
Prologue: A Manifesto for the Second Revolution.
Common Sense.
A SURVEY OF THE BATTLEFIELD.
Where Has All the Value Gone?
Analyze This.
The Earnings Game.
The False Prophet of Earnings.
Inside the Exciting World of Accounting Standards.
BATTLES THAT MUST BE WON.
Out, Out Damned Gap!
Risky Business.
There Is No Alternative: The Story of Shell.
HOW SWEET IT IS.
To the Victor Go the Spoils.
Can You See Clearly Now?
PART OF THE SOLUTION OR PART OF THE PROBLEM?
Get on Board.
Standard Setters.
Should You See an Analyst?
NOTHING CAN STOP US NOW.
Send Lawyers, Guns, and Money.
Epilogue: A Call to Arms.
Notes.
Index.