Accounting Commons^™

Lease Accounting Convergence Project: What Are The Impacts Of The New Accounting Standards?, Kevin Jirik

Celebrating Scholarship & Creativity Day (2011-2017)

Current US GAAP lease accounting standards, with its four part test, and two forms of accounting for leases has existed since the 1970s. Due to cases such as WorldCom and Enron, where the assigning of other assets to remote bankruptcy entities has caused some of the world's largest bankruptcies and misleading financials. The SEC called for elimination of all off sheet financial arrangements to change the guidelines of financial reporting to better reflect the economic transaction and not distort it. The new proposal has created a Right-of-Use model where new assets and liabilities will be created to represent the value …

An Analysis Of International Corporate Tax Reform, Travis D. Gohman

Celebrating Scholarship & Creativity Day (2011-2017)

This research paper will focus on the current discussion in Washington D.C. regarding the reform of international taxation by the U.S. government. In recent years, multinational companies have been accumulating an ever-increasing amount of undistributed foreign earnings. Critics see this as a loophole to avoid U.S. taxation. Corporations view this as purely a smart business decision since it increases their bottom lines. The primary reason for this trend of not repatriating for foreign earnings is that the U.S. has the highest corporate tax rate of 35 percent. Therefore, with fewer foreign earnings making their way back into the U.S., the …

Capital Gains Tax And Its Effect On Investment, Andrew Long

Celebrating Scholarship & Creativity Day (2011-2017)

Recently, there has been controversy surrounding the capital gains tax. During his state of the union address, President Obama mentioned the case of Debbie Bosanek as a clear indication that the tax is unfair. Debbie is the secretary of Warren Buffet, and happens to pay fewer taxes than her boss. The primary reason for this is through capital gains. The tax rate on long-term capital gains (assets that have been held for over a year), is less than the tax on regular income, with most people paying about 15% on gains (the highest earners now pay 20%).

Legislature on and …

Statistical Inference In Accounting Research, Shyam Sunder

Shyam Sunder

No abstract provided.

The Effectiveness Internal Auditing Has To Help Improving Companies, Kelsey Miller

Honors Theses

Internal auditing is an independent consulting activity done within the company to insure and improve a company’s operation. The thesis is going to look at, if internal auditing has good effectiveness and efficiency in helping improve companies. Can internal auditing help a company stay on the right track? In the past, there has been much fraud, lies, scandals made by big companies, like Enron and Worldcom. These upsets have cost investors billions of dollars when the share prices of affected companies collapsed. Internal auditing should be able to know what is going on in the company and create ways to …

Essays On Mergers And Acquisitions, Marcin Krolikowski

USF Tampa Graduate Theses and Dissertations

This dissertation includes two essays that examine mergers and acquisitions. In the first essay we examine how pay-for-performance influences the quality of merger decisions before and after Sarbanes-Oxley (SOX). Pay-for performance has a significant positive effect on acquirer returns of 0.9% pre-SOX and 1.1% post-SOX around the three day event window. Bidders with high pay-for-performance pay a 23.3% lower merger premium in listed target acquisitions. The positive effect of pay-for-performance is more important for public target acquisitions overall, for small acquirers pre-SOX, and for large acquirers post-SOX. In the long-run, bidders with high pre-merger pay-for-performance experience 27.6% higher returns after …

Alumnus Profile: Joe Adams

Business Exchange

Profile of Joe Adams, managing partner and CEO of McGladrey LLP, the fifth largest assurance, tax and consulting firm in the United States.

The Affordable Care Act Raises The Stakes On Worker Classification; What Does This Mean For The Voluntary Classification Settlement Program, Sagar Parmar

Honors Projects in Accounting

This research considers worker classification and the many implications an employer must consider when classifying a worker as employee or independent contractor. One implication relates to healthcare benefits and healthcare taxes. As such, this research will evaluate the new healthcare taxes and implications resulting from the Affordable Care Act. Furthermore, this research will relate and explain worker classification with regards to the Voluntary Classification Settlement Program. This is a program offered by the Internal Revenue Service allowing employers to prospectively classify workers as employees with tax relief for past misclassification. The healthcare implications from the Affordable Care Act have raised …

The Story As A Cultural Transmitter: Applications For Business Education, Carol Blaszczynski, Ph.D.

International Journal for Business Education

Stories assist in transmitting cultural wisdom, including wisdom about the business community. The role of stories in various contexts such as education (including international management), management, and marketing, as well as the job search is explained. The article concludes by presenting instructional activities for business education that develop cultural competence through stories.

Accounting History Symposium Parma, Italy November 29, 2013

Accounting Historians Notebook

Stephen Walker & Gloria Vollmers at the Royal Theatre of Parma (photograph)

Tick Marks: The Auditors' Ancient Yet Modern Tool, Donald L. Ariail, Hugh P. Hughes

Accounting Historians Notebook

After reminiscing on the personalized audit tick marks the lead author had used during his many years in public practice, he checked the Brief Accounting Dictionary for a formal definition. Surprisingly, this term was not defined.

Join Academy Members And Guests At The American Accounting Association Annual Meeting Atlanta, Georgia, Sunday, August 3, 2014 1:00 – 4:30 Pm Cpe Workshop: Accounting History Perspectives; Call For Award Nominations Nominations Deadline For All Awards: June 2, 2014

Accounting Historians Notebook

Here’s a chance to learn about current research topics in accounting history and an opportunity to update academy members on your own project.

President’S Message, Massimo Sargiacomo

Accounting Historians Notebook

As the Academy begins its new year of activity I am writing to express my gratitude for the opportunity to serve you.

Accounting History Conference Accounting Society Of China Zhengzhou, Henan, China 12 October 2013, Peter Walnizer

Accounting Historians Notebook

The International Accounting Education Standards Board and International Education Standards (IES’s) Professor Peter Wolnizer Chairman, International Accounting Education Standards Board and Academy Trustee

Accounting Historians Notebook, 2014, Vol. 37, No. 1 (April) [Whole Issue]

Accounting Historians Notebook

April issue

Academy Member Spotlight: Prof. Guo Daoyang, Academy Of Accounting Historians

Accounting Historians Notebook

Professor Guo Daoyang was born in Gucheng, Hubei province of the People's Republic of China in 1940. He is a distinguished professor and director of Academic Committee of Zhongnan University of Economics and Law, also a trustee of Academy of Accounting Historians.

Prof. Lee Parker Shares Collection At Adelaide’S Annual History Month

Accounting Historians Notebook

Past-president of the Academy of Accounting Historians, Professor Lee Parker, recently sponsored an exhibition of his collection of historical accounting, management and business texts at the library of the University of South Australia, as part of Adelaide’s History Month.

Academy Donates Books To University Of Mississippi Library’S Archives & Special Collections

Accounting Historians Notebook

Julia Rholes, Dale Flesher, Royce Kurtz, Gary Previts (Group photograph)

Accounting History Syllabus, Alan Sangster

Accounting Historians Notebook

The following is Prof. Dr. Alan Sangster’s syllabus for a course taught in Portuguese as a visiting professor at the University of Sao Paulo in 2012.

An Examination Of Earnings Surprises For Urban And Rural Firms, Bok Baik, Jong-Hag Choi, Yoonseok Zang

Research Collection School Of Accountancy

In this paper, we examine the association between firm location and management’s opportunistic financial reporting at earnings announcements. Because of investors’ preference for local stocks and the existence of large investment communities in urban areas, firms located in urban areas (i.e., urban firms) tend to have a higher level of visibility and attention. We predict that this tendency in turn motivates urban firms to opportunistically behave in an earnings surprises game. Consistent with our prediction, we find that (1) urban firms are more likely to report non-negative earnings surprises than rural firms; (2) urban firms are more likely to report …