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Full-Text Articles in Accounting
Accounting Enforcement In A National Context: An International Study, Gary Kleinman, Beixin Lin, Rebecca Bloch
Accounting Enforcement In A National Context: An International Study, Gary Kleinman, Beixin Lin, Rebecca Bloch
Department of Accounting and Finance Faculty Scholarship and Creative Works
The purpose of this study is to investigate whether the national characteristics of culture, religion and political factionalization are associated with the strength of accounting enforcement. The study uses data on percentages of religious adherents in a sample nation, the Hofstede cultural dimensions and political factionalization. National legal code (e.g., Common Law or Civic Code) and market liquidity are controlled for. Factor analysis is used to generate factor scores from the data. The dependent variable, accounting enforcement, is drawn from Brown et al. (J Bus Finance Account 41(1/2):1–52, 2014). The findings demonstrate that this set of national characteristics is strongly …
Ifrs V. U.S. Gaap: Impact On A Company's Earning And Activities, Linda Li
Ifrs V. U.S. Gaap: Impact On A Company's Earning And Activities, Linda Li
Honors College Theses
Should the United States (U.S.) companies use International Financial Reporting Standards (IFRS) instead of the U.S. Generally Accepted Accounting Principles (U.S. GAAP)? This paper examines the degree of deviation between the firms' earnings, under both financial reporting languages, and the causes for the change in earnings. Utilizing two methods, introduced in this paper, as well as t-testing, the sampled firms reported higher earnings under IFRS. The change in earnings was caused by: financial instruments, minority interest, pension activities, and or share-based compensation activities. Based on the analyses, the firms appear healthier under IFRS than under the U.S. GAAP in terms …
At A Crossroads: The Impact Of International Financial Reporting Standards In The U.S., Cindy K. Harris
At A Crossroads: The Impact Of International Financial Reporting Standards In The U.S., Cindy K. Harris
Business and Economics Faculty Publications
Public companies in the United States face a new challenge. As set forth in its roadmap for implementation, the Securities and Exchange Commission (“SEC”) is considering the potential use of financial statements prepared in accordance with international financial reporting standards (“IFRS”.) The chief goal of these global standards is to establish a uniform system to improve comparability of companies’ financial positions. For decades, Generally Accepted Accounting Principles (“GAAP”) have been the framework of financial statement preparation for public companies in the U.S. The movement to IFRS represents an unprecedented change in the basis of financial reporting, since IFRS would supersede …