2. 外语
  3. A Many companies in the U. S. begin to realise that investors demand financial reporting to be truly presented: creative accoun

A Many companies in the U. S. begin to realise that investors demand financial reporting to be truly presented: creative accoun

admin2012-01-22  45
问题     A  Many companies in the U. S. begin to realise that investors demand financial reporting to be truly presented: creative accounting is no longer acceptable. In response to the criticism about how it booked the gain on the sale of one of its businesses. IBM announced on Feb. 19th that it would expand the informaton it provides investors on such things as its intellectual-property income and the impact on earnings of the company’s overfunded pension plan. And a day later,  General Electric Co. Chairman and Chief Executive Jeffrey R. Immelt also pay heed to investors’ calls for better disclosure by promising to provide more detail on how the company’s individual units—including its finance departrment. GE Capital—churn out their earnings.
    B  Expect this lifting of the veil to spread rapidly throughout corporate America, In the wake of Enron’s collapse and questionable accounting at telecommunications companies such as Global Crossing Ltd., investors are demanding better. more frequent, and more expansive information about companies’ financial health. This rising pressure will force executives in boardrooms across the country to wrestle with exactly how much new information to reveal, much less the question of how to flag changes for investors without causing their stocks to tank. "GE and IBM are bellwethers," says Patrick S. McGurn, vice-president at proxy advisory service Institutional Shareholder Services Inc. "You will see a huge wave of imitation."
    C  Of course, that’s good for shareholders—and for the long-term health of the market, But the tsunami of new disclosures, unfortunately, isn’t necessarily what the recovering economy needs right now. The trick will be to strike the right balance. Companies that reveal too little, too late will get punished in the market.  But dumping too much on shareholders may only muddy the picture further. "If you give too much information, people can get overwhelmed by the minutia, and the important stuff gets buried." says Charles M. Elson, director of the Centre for Corporate Governance at the University of Delaware.
    D  In fact, IBM and GE join a growing list of companies that have already been compelled to improve their disclosure, At Tyco International Ltd., which has been buffeted by concerns about its complex accounting and financial health, senior execs have begun holding weekly phone conferences with analysts and investors to address questions about its accounting and operations. Franchising giant Cendant Corp. has put detailed information on its Website about its off-balance-sheet entities, while hotel operator Marriott International Inc. recently provided details on write-offs it has taken for loan guarantees as well as some hotel-development projects.
Investors of the company would no longer accept financial reporting that does not clearly reflect a company’s operating health.
选项
答案A
解析 题目意为：投资者不再接受无法清楚反映公司运营状况的财务报告。A段指出“…investors demand financial reporting to be truly presented; creative accounting is no longer acceptable.”即：投资者要求财务报告是真实的，不接受伪造的账目。其中，文中的creative accounting is no longer acceptable与题干中的 financial reporting that does not clearly reflect a company’s operating health表意相一致。
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