Economic Reality in Financial Reporting

Are there alternative reporting models or supplemental analyses & disclosures that could be used to enhance the relevancy & usefulness of financial reports? That question, routinely asked by preparers, users & regulators, helped frame the issues for a multi-phase project that includes a Research Consortium of 17 leading academicians. This interim report documents the first two phases of this ongoing project & includes a white paper, essays, transcripts of workshops & forums & three complete research studies: "Economic Valuation Concepts & Financial Reporting," by Harold Bierman, Jr., Cornell University; "Business Models & Performance: Improving Dialog About Measurement," by Robert G. Eccles, Harvard Business School, & James V. McGee, Ernst & Young; & "Economic Reality in Financial Reporting: A Global Survey of Voluntary Economic Reality Communications," by David D. Hawkins, Harvard University. This book should be required reading for anyone interested in reporting issues, particularly financial executives, academics, & business students. Order from: Professional Book Distributors, P.O. Box 6996, Alpharetta, GA 30239-6996 or call (404) 751-1986.Bierman, Harold, Jr. is the author of 'Economic Reality in Financial Reporting' with ISBN 9780910586986 and ISBN 0910586985.