Accounting Communication And Users' Expectations

Annual reports at present, against past remedying efforts, still score low in clarity, readers¿ interest, investment decision usefulness and understandability among other desirable attributes; this empirical study in Lagos has confirmed. This work originally submitted as Masters Thesis in 2008 prescribes novel disclosures extension which users sampled herein confirm will enhance the information value (valence) of future annual reports and satisfy their expectations. This monograph will hence give more use value as a guide on financial statements formats, presentation and disclosures to policy makers, regulators, and standard setting bodies including IFAC, IASB and IOSCO among others on one hand; and also to global investment community, general preparers and readers of annual reports and researchers as methodology guide.