Are The Recent Restatements Of Financial Institutions 10k’S Due To The Perceived Earning Volatility Caused By Sfas 161?,
2018
Embry-Riddle Aeronautical University
Are The Recent Restatements Of Financial Institutions 10k’S Due To The Perceived Earning Volatility Caused By Sfas 161?, Veliota Drakopoulou
Publications
The goal of this research was to investigate the controversy surrounding the inability of SFAS 133 an amendment of SFAS 161 to portray the economics of hedging. This research examined whether or not BHCs’ design of hedge effectiveness tests was determined by the concern of the additional earnings volatility possibly evolved from economic hedges that do not qualify for hedge accounting. The results implicate that most BHCs after the amendment of SFAS 161 reassessed their risk management approach to one that is more accounting responsive to ensure that most hedges are highly effective to qualify for hedge accounting. The findings …
Don's Column: Revised Conceptual Framework For Financial Reporting (Part 2),
2018
Singapore Management University
Don's Column: Revised Conceptual Framework For Financial Reporting (Part 2), Pearl Hock-Neo Tan
Research Collection School Of Accountancy
Fresh Perspectives in Recognition, Measurement and Disclosures
Studying The Relationship Between Performance And Z-Scores For Manufacturing Firms In Singapore,
2018
Singapore Management University
Studying The Relationship Between Performance And Z-Scores For Manufacturing Firms In Singapore, See Liang Foo, Shaakalya Pathak
Research Collection School Of Accountancy
Singapore is a key leading economy in the Asia Pacific region. This study examines the relationship between the financial health, as measured by the Altman Z-Score, and corporate performance, as measured by the Return on Equity (ROE), of listed manufacturing companies in this market. A linear regression has been conducted between these variables to determine the magnitude and direction of their relationships. The trends of Z-Scores over a five-year period have also been analysed.The analysis covers the period from 2013 to 2017 (inclusive) and yields a statistically positive correlation between ROE and the Z-Score for the market. Singapore registered relatively …
From Bellas Hess To Wayfair: An Analysis Of Supreme Court Jurisprudence On The Physical Presence Rule,
2018
Governors State University
From Bellas Hess To Wayfair: An Analysis Of Supreme Court Jurisprudence On The Physical Presence Rule, Alice E. Keane
The North American Accounting Studies
For 51 years, the physical presence rule has hampered states in collecting sales and use taxes from sellers with no property or personnel within state borders. The U.S. Supreme Court established this rule in 1967 in National Bellas Hess, Inc. v. Department of Revenue of the State of Illinois, based on the formalistic Due Process Clause and dormant Commerce Clause jurisprudence of that time, under which states had no authority to tax interstate commerce. However, in 1992, the Court upheld the physical presence rule under the dormant Commerce Clause in Quill Corporation v. North Dakota, notwithstanding dramatic changes in dormant …
Are Gift Cards Really Liabilities? A Class Exercise Exploring Starbucks Corporation,
2018
North Central College
Are Gift Cards Really Liabilities? A Class Exercise Exploring Starbucks Corporation, David Gray, Brian Huels
The North American Accounting Studies
Stored value cards represent an important and increasingly large portion of many retailers’ revenue streams. While the outstanding balances on such cards represent accounting liabilities, these cards provide a myriad of benefits to the issuing firms (e.g., an upfront collection of cash, increased customer loyalty, and the potential for breakage or non-redemption of the card value). To illustrate the accounting treatment and revenue recognition concepts of gift cards, this exercise uses actual data from an annual report of Starbucks Corporation. The exercise introduces students to the nature of gift cards, how cards may impact customer spending, and other managerial implications. …
Fall Meeting Of The Council Of The American Institute Of Certified Public Accountants, October 21-23, 2018, Fernandina Beach, Florida, With Index, Volume 2,
2018
University of Mississippi
Fall Meeting Of The Council Of The American Institute Of Certified Public Accountants, October 21-23, 2018, Fernandina Beach, Florida, With Index, Volume 2, American Institute Of Certified Public Accountants. Council
Association Sections, Divisions, Boards, Teams
No abstract provided.
Fall Meeting Of The Council Of The American Institute Of Certified Public Accountants, October 21-23, 2018, Fernandina Beach, Florida, With Index, Volume 1,
2018
University of Mississippi
Fall Meeting Of The Council Of The American Institute Of Certified Public Accountants, October 21-23, 2018, Fernandina Beach, Florida, With Index, Volume 1, American Institute Of Certified Public Accountants. Council
Association Sections, Divisions, Boards, Teams
No abstract provided.
Fall Meeting Of The Council Of The American Institute Of Certified Public Accountants, October 21-23, 2018, Fernandina Beach, Florida, Volume 2,
2018
University of Mississippi
Fall Meeting Of The Council Of The American Institute Of Certified Public Accountants, October 21-23, 2018, Fernandina Beach, Florida, Volume 2, American Institute Of Certified Public Accountants. Council
Association Sections, Divisions, Boards, Teams
No abstract provided.
Fall Meeting Of The Council Of The American Institute Of Certified Public Accountants, October 21-23, 2018, Fernandina Beach, Florida, Volume 1,
2018
University of Mississippi
Fall Meeting Of The Council Of The American Institute Of Certified Public Accountants, October 21-23, 2018, Fernandina Beach, Florida, Volume 1, American Institute Of Certified Public Accountants. Council
Association Sections, Divisions, Boards, Teams
No abstract provided.
Ohio Leed Schools And Academic Performance: A Panel Study, 2006–2016,
2018
Otterbein University
Ohio Leed Schools And Academic Performance: A Panel Study, 2006–2016, Allen Prindle, Ryan P. Thombs
Business, Accounting and Economics Faculty Scholarship
This study investigates the effect that Leadership in Energy and Environmental Design (LEED) had on academic performance using a difference-in-differences (DID) estimator using data from the years 2006–2016. By obtaining data from the Ohio Department of Education and the Ohio Facilities Construction Commission, this investigation examines the effect that LEED design had on the Student Performance Index for schools that opened in the year 2012. Each LEED school was matched with a non-LEED school based on several criteria. The study determined that LEED did not have an impact on the Student Performance Index. Though we find no relationship, green schools …
How To Reduce The Tax Bill Of A Multinational Technology Company?,
2018
Embry-Riddle Aeronautical University
How To Reduce The Tax Bill Of A Multinational Technology Company?, Dimitrios V. Siskos
Publications
It is said that nothing in this world is certain except for death and taxes. For those with clever accountants, however, the latter can be kept to a minimum. Particularly, companies seek to minimize their tax liability through "tax planning", adopting deductions, rebates, exemptions and other “legal” tools that the domestic tax system provides to them. However, while tax planning is considered to be quite logical in the terms of making profit, there is a grey area between this and "tax avoidance”. This paper suggests a legitimate tax plan for a multinational technology company that minimizes its tax obligations1, without …
Auditing Standards Board (Asb) Meeting Highlights, October 15-17, 2018, Cincinnati, Oh,
2018
University of Mississippi
Auditing Standards Board (Asb) Meeting Highlights, October 15-17, 2018, Cincinnati, Oh, American Institute Of Certified Public Accountants. Auditing Standards Board
Association Sections, Divisions, Boards, Teams
No abstract provided.
Auditing Standards Board (Asb), October 15-17, 2018, Meeting Agenda, Cincinnati, Oh,
2018
University of Mississippi
Auditing Standards Board (Asb), October 15-17, 2018, Meeting Agenda, Cincinnati, Oh, American Institute Of Certified Public Accountants. Auditing Standards Board
Association Sections, Divisions, Boards, Teams
No abstract provided.
The Future Of Employee Collective Action Waivers,
2018
Marquette University
The Future Of Employee Collective Action Waivers, Douglas O. Smith
Accounting Faculty Research and Publications
No abstract provided.
Pendleton Family - Account Books (Mss 649),
2018
Western Kentucky University
Pendleton Family - Account Books (Mss 649), Manuscripts & Folklife Archives
Manuscript Collection Finding Aids
Finding aid only for Manuscripts Collection 649. Five account books for a grist mill and saw mill located in East Fork, Metcalfe County, Kentucky, as well as logging operations. The account books list wages paid for daily work as well as for piece work (handles). Employees were sometimes paid in cash, but most of the wages were paid in flour, mill, or other general store goods. Some of the accounts are for customers, not employees.
Washington County, Kentucky - Merchants (Mss 648),
2018
Western Kentucky University
Washington County, Kentucky - Merchants (Mss 648), Manuscripts & Folklife Archives
Manuscript Collection Finding Aids
Finding aid only for Manuscripts Collection 648. Account books for three general stores in Springfield, Kentucky. Two stores are identified: Cunningham & Nall Store and William Blackwell Store.
Five Types Of Interest Expense, Three Sets Of New Rules,
2018
Bryant University
Five Types Of Interest Expense, Three Sets Of New Rules, Larry Witner, Tim Krumwiede
Accounting Department Faculty Journal Articles
Individual taxpayers are subject to different rules for deducting different types of interest expense. The five primary types of interest for individual taxpayers are student loan interest, qualified residence indebtedness interest, investment interest, business interest, and personal interest. The law known as the Tax Cuts and Jobs Act temporarily introduced new rules for years after 2017 for qualified residence indebtedness interest, investment interest, and business interest. For 2018 through 2025, the acquisition indebtedness limit on the qualified residence indebtedness deduction has been lowered to $750,000 for loans incurred after Dec. 15, 2017, and the separate deduction for home-equity indebtedness has …
An Examination Of State And Local Government Pension Underfunding –Implications And Guidance For Governance And Regulation,
2018
Cleveland State University
An Examination Of State And Local Government Pension Underfunding –Implications And Guidance For Governance And Regulation, Craig L. Foltin
Business Faculty Publications
State and local government pension underfunding has become a major focus of public policy debate due in large part to recent Governmental Accounting Standards Board (GASB) actions that have brought national attention to the issue. The extent of these plans underfunding has been debated, along with the necessity for state government intervention and the level of regulatory actions that should be enacted by state legislatures. State and local public pension plans do not fall under the enumerated powers of the federal government in the Constitution and are therefore left to each individual state to regulate. The amount of plan underfunding …
Don’S Column: Singapore Corporate Tax Rate: Is It Really A Flat Rate?,
2018
Singapore Management University
Don’S Column: Singapore Corporate Tax Rate: Is It Really A Flat Rate?, Teng Aun Khoo, Clement Tan Kai Guan
Research Collection School Of Accountancy
As there is only one corporate tax rate (CTR) in Singapore, it may appear that the Singapore CTR is a single flat rate, currently 17%. However, after taking into account the availability of the partial tax exemption (PTE)scheme, the start-up tax exemption (SUTE) scheme and the corporate income tax rebate (CITR) in Singapore, all of which have an effect of lowering a company’s tax payable, the seemingly flat Singapore CTR is not what it seems to be. Instead, it translates to various progressive tax rates for different tiers of normal chargeable income (NCI).
Aggregate Mutual Fund Holdings And Fund Performance,
2018
Singapore Management University
Aggregate Mutual Fund Holdings And Fund Performance, Sanjeev Bhojraj, Young Jun Cho
Research Collection School Of Accountancy
In this paper we examine the differences in aggregate ownership of stocks held by passive equity funds and active equity funds and in the characteristics of stocks held by these funds. We find that holdings of passive funds do not mirror the holdings of active funds. There are systematic differences in the holdings between the two groups with active funds more likely to hold smaller stocks, growth stocks, and stocks with higher momentum, higher turnover and more recent IPOs. We also find evidence that the holdings of passive and active funds have trended closer together over time, consistent with the …
