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The European Union

  • John Flower
  • Gabi Ebbers
Chapter

Abstract

It is important that the student of financial reporting should know something about the European Union (EU) for two reasons:
  • ■ The EU is a major force in the global economy. As demonstrated by the statistics presented in Chapter 1, the EU countries contribute about half of outward foreign direct investment (FDI), both flows and stocks, and receive about a third of inward FDI. Over half of the hundred largest MNEs are from EU countries.

  • ■ The EU is also a major force in European financial reporting as it has issued a number of important regulations on the accounts of European enterprises.

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References

  1. Flower, J The Regulation of Financial Reporting in the Nordic Countries, Fritzes, Stockholm (1994).Google Scholar
  2. Nobes, C ‘EC Group Accounting–two zillion ways to do it’, Accountancy, 106 (December 1990), p. 84.Google Scholar
  3. Ordelheide, D, ‘Soft transformations of accounting rules of the fourth directive in Germany’, Les Cahiers Internationaux de la Comptabilité (Cahier no. 3), Editions Comptables Malesherbes, Paris (1990).Google Scholar
  4. Van Hulle, K ‘European Union–Group Accounts’, Transnational Accounting, D Ordelheide (ed.), Palgrave, Basingstoke (2001).Google Scholar
  5. Van Hulle, K ‘European Union–Individual Accounts’, Transnational Accounting, D Ordelheide (ed.), Palgrave, Basingstoke (2001).Google Scholar

Copyright information

© John Flower 2002

Authors and Affiliations

  • John Flower
  • Gabi Ebbers

There are no affiliations available

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