Create a 4 page essay paper that discusses Accounting: A Critique of An Academic Article: Financial Reporting Disclosure Practices Particular Case of Fair Value Measurement.The financial reporting pro

Create a 4 page essay paper that discusses Accounting: A Critique of An Academic Article: Financial Reporting Disclosure Practices Particular Case of Fair Value Measurement.

The financial reporting process involves a difficult relationship between the regulators, market and accounting. The International Accounting based standards emphasizes that financial reporting provide all useful information about the various financial entities potentially or already existing. This is because the investors, lenders and other stakeholders rely on such information to make decisions. Therefore, what should the financial information report or disclose to the stakeholders in order to meet the boards objectives. It should be noted that the term financial information touches on the qualitative and non-qualitative based information. However, in our view, the only key to sound corporate based governance and full financial information to the stakeholders although this may not be easy due to bureaucratic based management within organizations. Therefore, despite it being seen simple it is hard to achieve this objective.

The aim of this article based research was to investigate on whether firms and other financial organizations provides the necessary financial information to the stakeholders such as investors, creditors and lenders and as required by the IASB conceptual framework.

Essentially, the research on these critiques were conducted from secondary sources of information for example the chapter five on reporting and disclosure by Frederick and Gary in their text. International Accounting,7/e.

The chapter five on reporting and disclosure requires all organizations to release all financial information through financial statements to the stakeholders. The stakeholders demand the information due to the nature of their roles in providing resources to the company. So why should organizations provide the information (Maria and Carmen 2013). Secondly, to what extend will they benefit from disseminating such information. Moreover, can the information disclosed or reported to the