1. FINANCIAL REPORTING IN EMERGING CAPITAL MARKETS
Chapter 6
FINANCIAL REPORTING IN EMERGING CAPITAL MARKETS

2. Learning Objectives:
Obtain an overview of the importance of emerging capital markets to developing countries.
Recognize qualitative criteria for evaluating financial reporting in emerging capital markets.

3. Learning Objectives:
Consider important policy issues related to enhancing financial reporting capability in emerging capital markets.

4. Chapter Outline: The Nature and Importance of Emerging Capital Markets
The Role of Financial Reporting in Emerging Capital Markets

5. Characteristics of Financial Reporting in Emerging Capital Markets
Availability
Reliability
Comparability

6. Financial Reporting Policy Issues in Emerging Capital Markets
Information Availability
Strengthening Enforcement Capability

7. Financial Reporting Policy Issues in Emerging Capital Markets
Harmonization of Accounting Standards
Caveats Based on Recent Developments

8. Accounting in Selected Emerging Capital Markets
Mexico
People’s Republic of China