Accounting Commons^™

Shareholder Litigation And Corporate Disclosure: Evidence From Derivative Lawsuits, Thomas Bourveau, Yun Lou, Rencheng Wang

Research Collection School Of Accountancy

Using the staggered adoption of universal demand (UD) laws in the United States, we study the effect of shareholder litigation risk on corporate disclosure. We find that disclosure significantly increases after UD laws make it more difficult to file derivative lawsuits. Specifically, firms issue more earnings forecasts and voluntary 8-K filings, and increase the length of management discussion and analysis (MD&A) in their 10-K filings. We further assess the direct and indirect channels through which UD laws affect firms' disclosure policies. We find that the effect of UD laws on corporate disclosure is driven by firms facing relatively higher ex …

Cross-Country Differences In The Effect Of Political Connections On Stock Price Informativeness, Yuanto Kusnadi, Bin Srinidhi

Research Collection School Of Accountancy

Using aninternational sample of firms from 28 countries, we document that there existsa negative relationship between political connections and the informativenessof stock price, as measured by idiosyncratic volatility (IV). This finding isrobust to alternative regression specifications, sub-samples analyses, andconcerns related to endogeneity. A more detailed analysis shows that out of thedifferent types of possible connections, the connectedness of the owners is theprimary driver of this result. Further, the negative association is onlysignificant for firms in countries characterized by low institutional quality(i.e. corrupted countries, countries with low access to external equitymarkets, and countries with low media penetration). There is no evidence …

Aicpa Audit And Accounting Manual, June 1, 2018: Nonauthoritative Practice Aid, American Institute Of Certified Public Accountants (Aicpa)

Guides, Handbooks and Manuals

No abstract provided.

U.S. Firms On Foreign (Tax) Holidays, Travis K. Chow, Jeffrey L. Hoopes, Edward L. Maydew

Research Collection School Of Accountancy

We undertake the first large-sample analysis of foreign tax holiday participation by U.S. firms. Tax holidays are temporary reductions of tax granted by governments, usually contingent on the firm making new operational investments in the country. We predict and find that firms are more likely to participate in foreign tax holidays if they are highly capital-intensive and have highly profitable foreign operations, and less likely to participate in foreign tax holidays if they are capital constrained and if the firm is headed by a short-term focused CEO. While foreign tax holidays reduce taxes on foreign income, we also find that …

Teaching Internal Control Using A Student-Generated Video Project, Poh Sun Seow, Gary Pan

Research Collection School Of Accountancy

Educators consider the video learning approach an effective method to deliver educational content as compared to the traditional method of books and written materials. This paper presents a project that involves student-generated videos to learn internal control in an undergraduate accounting information systems course. We believe that this video learning approach is an engaging way for students to be self-directed learners in learning internal control and complements the written materials in the textbook. The survey results show that most of the respondents viewed the learning experience of the video project positively. The results also indicate that the video project helps …

Rationale Behind State Aid Control Over Tax Incentives, Diheng Xu

Research Collection School Of Accountancy

EU State aid draws international attention recent years due to its application to fiscal measures granted by Member States to multinational enterprises. It has triggered discussions on the reasonableness of applying State aid law to tax measures. This article aims to explore the fundamental rationale behind EU State aid and its application to tax incentives. By going back to basics, this article contributes to a clearer picture on reasons for the State aid control over tax incentives. Governments tend to use fiscal State aid measures to achieve policy goals and tax incentives could realize the goals since they do bring …

Aicpa Technical Questions And Answers, As Of June 1, 2018, American Institute Of Certified Public Accountants (Aicpa)

Guides, Handbooks and Manuals

No abstract provided.

Spring Meeting Of The Council Of The American Institute Of Certified Public Accountants, May 20-22, 2018, Tucson, Arizona, With Index,Volume 2, American Institute Of Certified Public Accountants. Council

Association Sections, Divisions, Boards, Teams

No abstract provided.

Spring Meeting Of The Council Of The American Institute Of Certified Public Accountants, May 20-22, 2018, Tucson, Arizona, Volume 2, American Institute Of Certified Public Accountants. Council

Association Sections, Divisions, Boards, Teams

No abstract provided.

Spring Meeting Of The Council Of The American Institute Of Certified Public Accountants, May 20-22, 2018, Tucson, Arizona,, Volume 1, American Institute Of Certified Public Accountants. Council

Association Sections, Divisions, Boards, Teams

No abstract provided.

Spring Meeting Of The Council Of The American Institute Of Certified Public Accountants, May 20-22, 2018, Tucson, Arizona,With Index, Volume 1, American Institute Of Certified Public Accountants. Council

Association Sections, Divisions, Boards, Teams

No abstract provided.

Auditing Standards Board (Asb) Meeting Highlights May 14-17, 2018 Scottsdale, Az, American Institute Of Certified Public Accountants. Auditing Standards Board

Association Sections, Divisions, Boards, Teams

No abstract provided.

Auditing Standards Board (Asb), May 14-17, 2018, Meeting Agenda, Scottsdale, Az, American Institute Of Certified Public Accountants. Auditing Standards Board

Association Sections, Divisions, Boards, Teams

No abstract provided.

Avis Budget Group: A Financial Analysis, Tralonie Perkins

Dissertations, Theses, and Projects

This paper presents a financial analysis behind Avis Budget Group, Inc. (CAR), a leading global provider of vehicle rental and car sharing services, operating three of the most recognized brands in the industry: Avis, Budget and Zipcar. Utilizing both qualitative and quantitative analysis, this report encompasses comprehensive data regarding the industry in which CAR competes, the company’s recent financial results, and forecasts of its future growth with five-year pro forma financial statements used to build a valuation model.

Marriott International, Inc: A Financial Analysis, Lai Wei

Dissertations, Theses, and Projects

Marriott International, Inc: A Financial Analysis

The Leadership Role Of Management Accountants As It Contributes To Innovation And Entrepreneurship In Start-Up Businesses In Southern California, Paula Edwards

Dissertations

Purpose: The purpose of this qualitative study was to understand and describe the leadership role of managerial accountants as it contributes to innovation in start-up businesses in Southern California.

Methodology: The methodology used to understand and describe the leadership role of managerial accountants as it contributes to the innovation and entrepreneurship in start-up businesses in Southern California was a qualitative study. The study participants included 12 entrepreneurs who had started a business in the last five years, had utilized a management accountant on a part-time, full-time or consultant basis and are located in the San Diego, Orange, or Los …

The Impact Of Proposition 2-½ Overrides: Does A Town’S Approval Or Rejection Impact Property Values?, Rebecca Guerrier

Honors Program Theses and Projects

The purpose of Proposition 2-½, a property tax measure enacted in 1980, was to reduce government spending and increase efficiency through local tax restrictions in Massachusetts. It imposes a limit on the total amount of property taxes a certain town can raise every year. Towns are allowed to override their levy limit in order to collect more taxes for new constructions or the renovation of public properties such as schools. The main focus of this paper is to study the impact that overrides have on property values and whether bond issuance would be a better alternative, given the tradeoff between …

The Role Of Leadership In Student Organizations, Samantha Mcanallen

Senior Honors Projects, 2010-2019

The purpose of this paper is to analyze the extent to which the leaders of the Eta Delta chapter of Beta Alpha Psi (BAP) and the JMU Women’s Rugby club embody the characteristics of the leaders of successful organizations by examining these two organizations in the context of the characteristics of successful organizational cultures. In order to conduct an appropriate examination of the cultures of these two organizations, I chose to compare them to the characteristics of successful group cultures presented in Daniel Coyle’s The Culture Code: The Secrets of Highly Successful Groups. Throughout his book, Coyle highlights the …

Peer Assisted Study Sessions For Financial Accounting, Laura Salt, Caitlin Larrick

Senior Honors Projects, 2010-2019

James Madison University (JMU) offers Peer Assisted Study Sessions (PASS) for a variety of courses throughout different disciplines. This past Spring semester PASS was offered for 15 courses across campus, including three courses in the College of Business (COB). PASS is administratively handled and financial supported by JMU. They are review sessions led by students who have successfully completed the same course with the same professor in order to help improve students’ performance in that same course. Since we conducted similar review sessions, we adopted the same name, PASS, because many students were familiar with this term from other COB …

Frank J. Wilson: The Father Of Forensic Accounting, Luke Catania

Senior Honors Projects, 2010-2019

The purpose of this paper is to spread awareness and confer recognition upon a mostly forgotten individual: Mr. Frank John Wilson, who was quintessential in the development of techniques used in the field of forensic accounting today. An in-depth analysis into Wilson’s early years as an investigator as well as two of his most significant cases, Al Capone and the Lindbergh Baby kidnapper, will demonstrate the techniques he pioneered. Within the framework of these cases, the techniques utilize exemplify the accounting, auditing, and investigative skills required in the forensic accounting field. Specifically, these investigations showcase Wilson’s innovative and unprecedented approaches …