Question: Consider the arguments for and against standardised reporting periods. Do you agree that accounting periods should be more flexible? Give reasons for your answer. -What

Consider the arguments for and against standardised reporting periods. Do you

agree that accounting periods should be more flexible? Give reasons for your answer.

-What are the perceived purposes of an annual report?

-Financial reports have been criticised for their lack of completeness. In what ways

do financial reports fail the completeness test?

-Define 'earnings management'. Do you consider it to be good or bad? Why?

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