The ValueReporting^TM Revolution: Moving Beyond the Earnings Game

by Robert G. Eccles; Robert H. Herz; E. Mary Keegan; David M. H. Phillips

• ISBN13: 9780471046653
• ISBN10: 0471046655
• Format: eBook
• Copyright: 2002-03-01
• Publisher: Wiley

Summary

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.

Table of Contents

Preface	vii
Foreword	xi
PART ONE: PREPARING FOR THE REVOLUTION	1	(34)
Prologue: A Manifesto for the Second Revolution	3	(8)
Common Sense	11	(24)
PART TWO: A SURVEY OF THE BATTLEFIELD	35	(86)
Where Has All the Value Gone?	37	(14)
Analyze This	51	(17)
The Earnings Game	68	(22)
The False Prophet of Earnings	90	(12)
Inside the Exciting World of Accounting Standards	102	(19)
PART THREE: BATTLES THAT MUST BE WON	121	(64)
Out, Out Damned Gap!	123	(20)
Risky Business	143	(18)
There Is No Alternative: The Story of Shell	161	(24)
PART FOUR: HOW SWEET IT IS	185	(52)
To the Victor Go the Spoils	187	(24)
Can You See Clearly Now?	211	(26)
PART FIVE: PART OF THE SOLUTION OR PART OF THE PROBLEM?	237	(58)
Get on Board	239	(10)
Standard Setters	249	(25)
Should You See an Analyst?	274	(21)
PART SIX: NOTHING CAN STOP US NOW	295	(24)
Send Lawyers, Guns, and Money	297	(22)
Epilogue: A Call to Arms	319	(2)
Notes	321	(22)
Index	343