Journal of Accounting and Economics 50 (2010) 344–401 Contents lists available at ScienceDirect Journal of Accounting and Economics journal homepage: www.elsevier.com/locate/jae Understanding earnings quality: A review of the proxies, their determinants and their consequences$ Patricia Dechow a, Weili Ge b, Catherine Schrand c,n a b c University of California, Berkeley, CA 94720, United States University of Washington, Seattle, WA 98195, United States University of Pennsylvania
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What are the key considerations an MNE must address when entering a new geography and what are the new concerns for its Financial Management? Why go Global? The keys considerations are: first, an open marketplace which is the fundamental condition for value creation. Second, a strategic management which is the ability to see business opportunities and to design, develop, and execute a long term plan with the goal to create value. The last thing is the access to capital which is the capability of
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CHAPTER 5 COMPARATIVE ACCOUNTING Chapter Outline China I. There are some unique features in the accounting profession in China. They include the following: A. Until the 1980s, those who carried out accounting work were not held in high regard in society, and this has had an adverse effect on the development of the accounting profession in China. B. Accounting and auditing in China have taken different paths in their development processes. Auditing firms audited mainly domestic
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quality life of citizens, in particular, and on the society at large. Therefore, today, there is an increase awareness of social responsibility due to the challenges meeting the financial institutions (particularly, Islamic banking) around the world. This paper examines the influence of the board of directors’ characteristics, consisting of board size, board composition, and the separation roles of CEO and chairman, on corporate social responsibility (CSR) disclosure in 53 annual reports of Islamic
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company based on accessing past performance. This paper will focus on the financial statement analysis of three companies, namely Dillard’s, Hyundai, and Nationwide Insurance. The current ratio, quick ratio, profit margin, asset utilization, DuPont ratio and financial leverage will be computed. How differences in industries and different measurement convention (IASB and FASB) affect presentations and the difference between cash and accrual basis of accounting will be addressed . Financial Statement
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MBA –H4020 Human Resource Accounting HUMAN RESOURCE ACCOUNTING UNIT – I The Non accounting of human resources and the change occurring therein, of an organization may provide a poor picture of the profits and profitability of the organization. Likert Objectives of the Study: This unit aims to provide a basis for the conceptual framework of Human Resource Accounting. An attempt is made to highlight the following aspects. Development of the Concept of HRA An Historical Score Card Meaning and
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and applied widely in firms. As people become more aware of all the right – wrong – good – bad relating to the world of business, Ethics comes to set the guidelines for behaviours and conduct within an organization. However, unethical behaviours still exist despite all attempts to fight misconduct and can be at any level of management. In my opinion, if I were in the situation of being encouraged to inflate my expense account, it would be my moral philosophy that most impacts my decision rather than
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The vision statement takes into account the status of the organization and serves to point the direction of where the direction of where the organization wishes to go. The vision statement helps provide mission of the corporation business or non- profit entity. There are six vision of ASEAN, which is A Concert of Southeast Asian Nations – envision the ASEAN region to be, in 2020, in fully reality, a zone of peace, freedom and neutrality, as envisaged in the Kuala Lumpur Declaration of 1971., A
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recent past. Enron’s case was the greatest failure in the history of American capitalism and had a major impact on financial markets by causing significant losses to investors. Enron was a company ranked by Fortune as the most innovative company in the United States; it exemplified the transition from the production to the knowledge economy. Many lessons can we learn from its collapse. In this paper we present an analysis of the factors that contributed to Enron’s rise and failure, underlying the
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ENRIRONMENTAL INFLUENCE ON ACCOUNTING DEVELOPMENT 1 2.1 Introduction In international accounting research, environmental influence is the key to understanding one country’s accounting system. "To a large extent, accounting is a product of its environment. That is, it is shaped by, reflects, and reinforces particular characteristics unique to its national environment" (Radebaugh and Gray 1997). From the late 1960s, researchers in international accounting have tried to categorize countries
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