Discuss the implications of the increasing length of annual reports Coursework

Discuss the implications of the increasing length of yearly reports - Coursework ExampleInformation on market prices is used as a reflection of publicly addressable knowledge concerning a company. Financial reporting of market prices enhances efficiency through provision of more disclosure despite some anomalies that occur in the process of reporting. Experimental literature supports the fact on displaying fiscal information such as comprehensive income, which have influence on investors decisions. Consequently, financial statistics contribute useful facts such as earnings and financial ratios that at times prove more pricy to extract since they are never revealed by market prices. However, demand for financial information arises from the requirements posed by pending decision task. Such demand requires some level of information processing capacity that is laid by simplicity in presentation and information load (Deloitte, 2010).According to Hall (2009) sheer volumes of disclosur es inside International Financial Reporting Standards (IFRS) has securely increased the length of annual reports (Morunga and Bradbury, 2012). There are passable results showing the impact of information overload on processing strategies and outcome of annual reports. The increase in length is further attributed to increase in the size of financial section of the entire report. There is substantial increase in the notes explaining the accounts and accounting policies. Information on IFRS reconciliations and accounting policies on transition accounts for nearly over 5% of annual reports despite the items not necessarily required on a continuing basis. voiding of such transition items still gives space for accounting policies as well as note disclosures below IFRS which consumes close to 20% of total space. Therefore, there is significant proof that different components of accounting policy such as general, IFRS transition, financial instruments as well as