wayne_landsman@unc.edu. May 2010 Forthcoming, European Accounting Review, 2010 We appreciate comments from seminar participants at the Bank of Spain, Rob Bloomfield, Elicia Cowins, Hilary Eastman, Gavin Francis, Christian Kusi-Yeboah, Jim Leisenring, Martien Lubberink, Richard Rendleman, David Tweedie, and an anonymous reviewer. We acknowledge funding from the Center for Finance and Accounting Research at UNC-Chapel Hill and the Stanford Graduate School of Business Center
Words: 12577 - Pages: 51
Empirical research on the impact of fair value measurements on earnings management analysis Contents Abstract 1. Introduction 2. Background and hypothesis 3. Literature review 4、Methodology 5. Sample selection and description 6. The test on the earnings management universality 7. The Impact of the Fair Value Application on Earnings Management 7.1 Correlation Analysis of the Main Variables 7.2 The Empirical Test of Linear Regression Equation 8. Limitation 9. Summary References Appendix
Words: 6467 - Pages: 26
Introduction Basically, the study is on the differences of Generally Accepted Accounting Principles (GAAP) influence in property management industry. The study focuses on two basic accounting principles in valuing assets, which are fair value and historical cost. The property refers to the land and building, as those are the main part of total fixed assets of a company. Asset is the most important element in the balance sheet, hence the method used for assets valuation is very important to avoid
Words: 1839 - Pages: 8
The Relevance of the Value Relevance Literature For Financial Accounting Standard Setting: Another View Mary E. Barth Graduate School of Business Stanford University William H. Beaver Graduate School of Business Stanford University Wayne R. Landsman Kenan-Flagler Business School University of North Carolina – Chapel Hill January 2001 We thank Dan Collins, Brian Rountree, participants at the 2000 Journal of Accounting & Economics conference, and the editors, S. P. Kothari, Tom Lys,
Words: 13194 - Pages: 53
Executive Summary Agricultural activities are rarely the focus of accounting research, and up until December 2000 no accounting standard existed for accounting activities in the industry at an international level. This report investigates the AASB 141 Agricultural accounting standard, discusses the background of the standard, which entities are affected by the standard and evaluates its usefulness and applicability in the industry. It was found that despite been acknowledged as a standard which
Words: 1384 - Pages: 6
establish such a system that gives true and fair view of accounting reports. These consistencies in reports are intended to provide easier reports to stakeholders across the borders to measure and compare performance in international accounting reports standard. In earlier times UK accounting is providing useful information to shareholders, with a distinct from tax reporting. The implementation of IFRS has brought about significantly greater consistency in accounting recognition and measurement and far
Words: 2938 - Pages: 12
5/6/2015 Salient differences between IAS 39 and IFRS 9 | Accounting For Investments Accounting For Investments Web site resources for the book 'Accounting for Investments' by R. Venkata Subramani Home Accounting Standards I F R S Indian Standards (AS) US GAAP BookVolume1 00 – Introduction Chapter Arrangement Foreword Preface Reviews 01 – Financial Instruments 02 – Trading – FVPL 03 – Available for Sale 04 – Transfer of Categories 05 – Derivatives Theory 06 – Index Futures
Words: 965 - Pages: 4
Question 2: Accounting for Goodwill has been a contentious issue for many years. a. Using examples, explain alternative accounting methods that can be used in practice with respect to the treatment of goodwill arising on consolidation. b. Discuss the advantages and disadvantages of allowing different treatments to be used under international accounting standards for items such as goodwill. Answer. Goodwill means an intangible asset which provides a competitive advantage, such as a
Words: 790 - Pages: 4
financial accounting according to the different measurement attributes, can be divided into historical cost accounting, current cost accounting, fair value accounting and other different models. Today is the leading and ruling position, or historical cost accounting model, although it faces challenges, can still be regarded as the basic pattern of financial accounting. 1, the historical cost accounting features 1, the basis for the past recognized. most important feature of the historical
Words: 1457 - Pages: 6
McCarthy and Schneider (1995) documented the fact that the controversy regarding the accounting for goodwill in US and abroad had existed since the early 1900s. The controversy focused on the recognition of goodwill as an asset, on its treatment and its link to the income statement. A search of the accounting literature yields two definitions of goodwill. One is that goodwill is the excess of purchase price over fair value of the net assets acquired. Alternatively, goodwill is defined as the price paid
Words: 2035 - Pages: 9
