Bringing Conformity To Accounting Standards: U.S. Gaap Versus International Gaap,
2013
Bemidji State University
Bringing Conformity To Accounting Standards: U.S. Gaap Versus International Gaap, Dana Bjorge
Honors Capstones
Capstone submitted as a graduation requirement for the BSU Honors Program.
Standard Costing Variances: Potential Red Flags Of Fraud?,
2013
Texas State University
Standard Costing Variances: Potential Red Flags Of Fraud?, Cecily A. Raiborn, Janet B. Butler, Lucian Zelazny
Accounting Faculty Publications
This article focuses on how standard cost variances can be used in detecting potential fraudulent activities. Each primary type of variance (material, labor, and overhead) is addressed with a discussion of possible inappropriate causal factors. Additionally, internal controls, graphic techniques, and other methods that can be implemented to combat fraud are provided.
Does Regulatory Scrutiny Change Investment Behavior? Evidence Of Suboptimal Portfolio Rebalancing After The Financial Crisis,
2013
Syracuse University
Does Regulatory Scrutiny Change Investment Behavior? Evidence Of Suboptimal Portfolio Rebalancing After The Financial Crisis, Willie Dion Reddic
Business Administration - Dissertations
Insurers that show losses are expected to sell tax-free securities and replace them with taxable securities since they can no longer benefit from tax savings. However, rebalancing these portfolios after the financial crisis would entail recognizing additional losses during a time period when their financial performance was under stress and their industry was under increased scrutiny. I examine portfolio rebalancing behavior using the period after the financial crisis as a proxy for increased regulatory scrutiny. I predict and find that insurers with losses subsequent to the financial crisis were less likely to increase their ratio of taxable/nontaxable securities. Insurers may …
When The Pcaob Talks, Who Listens? Evidence From Stakeholder Reaction To Gaap-Deficient Pcaob Inspection Reports Of Small Auditors,
2013
University of Wisconsin - Milwaukee
When The Pcaob Talks, Who Listens? Evidence From Stakeholder Reaction To Gaap-Deficient Pcaob Inspection Reports Of Small Auditors, Lawrence J. Abbott, Katherine A. Gunny, Tracey Chunqi Zhang
Research Collection School Of Accountancy
Section 104 of the Sarbanes-Oxley Act (SOX) created the Public Company Accounting Oversight Board (PCAOB). The PCAOB conducts inspections of registered public accounting firms that provide audits for publicly traded companies. The results of the inspection process are summarized in publicly available reports at the PCAOB website. Using these reports, we categorize the inspection reports into three levels of increasing severity: clean, GAAS-deficient, and GAAP-deficient. We examine the potential use of GAAP-deficient PCAOB inspection reports as perceived audit quality signals for the clients of GAAP-deficient auditors that are inspected on a triennial basis by the PCAOB. Our investigation is predicated …
Going Green In The Coffee Business: A Stock Market Perspective,
2013
University at Albany, State University of New York
Going Green In The Coffee Business: A Stock Market Perspective, Jeffrey Spiletic
Accounting
Concern for the environment has been freely expressed by many individuals across the globe. Research has shown that customers, employees, and stockholders are more trustworthy of a company that practices socially responsible behavior. This paper will examine whether investors will prefer to invest in a company that has committed itself to reducing its environment footprint over a company that has done little or nothing to reduce its environmental impact. This will be done by comparing and contrasting the beta coefficients, share price movement, and the price to earnings ratio of two companies that differ in their attitude towards the environment. …
Does Going Green Mean Losing Green? Bank Of America Vs Jpmorgan Chase,
2013
University at Albany, State University of New York
Does Going Green Mean Losing Green? Bank Of America Vs Jpmorgan Chase, Heather Goldstein
Accounting
This research thesis is an investigation into whether companies implementing a “going green” strategy will compromise their financial performance. The primary focus was on two large financial institutions, one clearly committed to going green and the other less interested in doing so: Bank of America and JPMorgan Chase. The assessment centered on specific financial measurement points for the fiscal years of 2010 and 2011. Concern for health and wellbeing of the earth is growing exponentially, however, in order to sustain the movement it is imperative that companies join the green initiatives. Nevertheless, companies must achieve specific thresholds of financial performance …
An Empirical Investigation Into The Informativeness Of Earnings,
2013
University at Albany, State University of New York
An Empirical Investigation Into The Informativeness Of Earnings, Joyce Tseng
Accounting
Accounting earnings are widely used by investors, creditors and financial analysts as a measure of operating performance in valuing firms. However, accountants trade off relevance in decision making in favor of reliability in computing earnings. This study uses an analysis based on stock prices to examine the effectiveness of the earnings number in measuring the operating performance of a firm under different situations where it may be less accurate: when Research and Development Expense, Pension Expense, Special Items, and Income from Discontinued Operations are disproportionately large in magnitude. The results are generally consistent with my hypotheses. The results of this …
Restaurants: Do Healthy Menus Mean Positive Financial Performance? A Case Study Of Chipotle Mexican Grill,
2013
University at Albany, State University of New York
Restaurants: Do Healthy Menus Mean Positive Financial Performance? A Case Study Of Chipotle Mexican Grill, Cara N. Veneziano
Accounting
The purpose of this study is to assess the consequences of offering healthy menus versus providing historically popular fast foods. Healthier foods are better for society and being able to understand how serving healthier menus will impact the financial performance of a company is crucial. I focus my attention on Chipotle Mexican Grill since it has been making a concerted effort to provide healthier foods. I have selected McDonald’s Corporation as a benchmark comparison. My specific investigative question is: Does a healthier menu translate into greater profits. My study begins with a comparison of Chipotle and McDonald’s meal options and …
Will Leasing Lose Its Luster: An Analysis Of Lease Reporting Under Fas 13,
2013
University of Central Florida
Will Leasing Lose Its Luster: An Analysis Of Lease Reporting Under Fas 13, Casey Gates
HIM 1990-2015
When standards for financial reporting are amended, potential for change in the appearance of financial position for companies reporting under those standards arises. Currently standards set forth by the Financial Accounting Standards Board (FASB) allow for two methods of reporting lease obligations on the financial statements. The first of these methods is the operating method, which allows lease payments to be expensed within the period they are incurred and only a decrease in cash or an increase in an account payable is recognized on the balance sheet. The second method is the capital method, which requires the present value of …
U.S. Gaap Versus Ifrs: Reconciling Revenue Recognition Principles In The Software Industry,
2013
University of Southern Mississippi
U.S. Gaap Versus Ifrs: Reconciling Revenue Recognition Principles In The Software Industry, Jason T. Babington
Honors Theses
In the world of financial accounting, a demand for universal standards exists. The two primary standard setting boards, The Financial Accounting Standards Board (FASB) and the International Accounting Standards Board (IASB), have made some strides in developing universal standards, but they still are not fully reconciled in the area of software revenue recognition. The main reason the two standards are not reconciled in the area of software revenue recognition is that a difference exists in the critical event between the standards. The critical event refers to the exact time a company recognizes revenue on its books. The purpose of the …
Investment Companies, May 1, 2013; Audit And Accounting Guide,
2013
University of Mississippi
Investment Companies, May 1, 2013; Audit And Accounting Guide, American Institute Of Certified Public Accountants (Aicpa)
Industry Guides (AAGs), Risk Alerts, and Checklists
No abstract provided.
Construction Contractors, May 1, 2013; Audit And Accounting Guide,
2013
University of Mississippi
Construction Contractors, May 1, 2013; Audit And Accounting Guide, American Institute Of Certified Public Accountants (Aicpa)
Industry Guides (AAGs), Risk Alerts, and Checklists
No abstract provided.
Certified Public Accountant Education And Ethical Decision-Making Preparedness: A Phenomenological Study Exploring The Connection,
2013
Liberty University
Certified Public Accountant Education And Ethical Decision-Making Preparedness: A Phenomenological Study Exploring The Connection, Vicki Bealman
Doctoral Dissertations and Projects
The purpose of this phenomenological study was not to evaluate efficacy of ethical training for current accounting programs, but to understand the perceptions of Certified Public Accountants (CPAs) for the influence of accounting ethical education requirements on their ethical decision-making preparedness. The study used pre-interview surveys, face-to-face interviews, and timeline drawings to acquire data in four principle areas: CPA ethical decision-making preparedness, accounting program ethics educational requirements, accounting program ethics learning activities, and CPA perceptions of necessary changes to accounting program ethics requirements. Results from Virginia CPA perceptions indicate the definition of ethical decision-making as doing the right thing at …
Narcissism And Accounting Majors,
2013
University of Kansas Main Campus
Narcissism And Accounting Majors, Jill C. Brown, Michael D. Akers, Don E. Giacomino
Accounting Faculty Research and Publications
Narcissism is a personality trait that varies in individuals much like other characteristics. Accordingly, narcissism can positively or negatively impact the leadership style and career of business leaders. While personality research has examined the level of narcissism in college-aged students over the past 30 years, only recently has limited research examined narcissism in business students. Prior research has not examined accounting students. Using the Narcissistic Personality Inventory (NPI), we assess the level of narcissism in accounting students at a public and private institution in the Midwest. Our findings show accounting students have a lower level of narcissism than other business …
It's A Business: A Financial Analysis Of The Bcs System And Its Alternatives,
2013
University of Arkansas, Fayetteville
It's A Business: A Financial Analysis Of The Bcs System And Its Alternatives, Wilson Neely
Accounting Undergraduate Honors Theses
There is an annual debate over the structure of the postseason format of college football. In this thesis, the current format is explained, along with two popular alternatives. Gameday profitability is determined for each of the three formats to provide an answer to the question of which format is the most lucrative.
Education 2.0 In Indonesia: Inspiring Bamboo Innovators,
2013
Singapore Management University
Education 2.0 In Indonesia: Inspiring Bamboo Innovators, Koon Boon Kee
Research Collection School Of Accountancy
No abstract provided.
An Examination Of The Statistical Significance And Economic Implications Of Model-Based And Analyst Earnings Forecasts,
2013
Singapore Management University
An Examination Of The Statistical Significance And Economic Implications Of Model-Based And Analyst Earnings Forecasts, Kevin Ow Yong, M. Evans, K Njoroge
Research Collection School Of Accountancy
We address the demand for model-based earnings forecasts by proposing a cross-sectional model which incorporates three salient ideas. First, firm performance converges to expected levels over time; second, amounts from current financial statements are robust predictors of future performance; and third, ordinary least squares (OLS) estimation is unreliable in samples including extreme values. Accordingly, we estimate a cross-sectional earnings forecasting model based on least absolute deviations analysis (LAD), and include profitability drivers derived from financial statements as predictors. In terms of statistical significance, we find that these forecasts are more accurate than forecasts from three extant prediction models and consensus …
The Liability Of Foreignness In International Equity Investments: Evidence From The U.S. Stock Market,
2013
Seoul National University
The Liability Of Foreignness In International Equity Investments: Evidence From The U.S. Stock Market, Bok Baik, Jun-Koo Kang, Jin-Mo Kim, Joonho Lee
Research Collection School Of Accountancy
Using foreign institutional ownership data in the US from 1990 to 2007, we examine whether foreign institutional investors face liabilities of foreignness (LOF) in the US stock market. We find that foreign institutional investors prefer low information asymmetry stocks more than domestic institutional investors do, and this preference for low information asymmetry stocks is particularly strong among foreign institutional investors from countries with high LOF. More importantly, we find that a change in foreign institutional ownership is negatively related to future returns, whereas this relation does not exist for domestic institutional ownership. The negative relation between the change in foreign …
Internal Control — Integrated Framework: Illustrative Tools For Assessing Effectiveness Of A System Of Internal Control,
2013
University of Mississippi
Internal Control — Integrated Framework: Illustrative Tools For Assessing Effectiveness Of A System Of Internal Control, Committee Of Sponsoring Organizations Of The Treadway Commission
Association Sections, Divisions, Boards, Teams
No abstract provided.
Internal Control — Integrated Framework Framework And Appendices, May 2013,
2013
University of Mississippi
Internal Control — Integrated Framework Framework And Appendices, May 2013, Committee Of Sponsoring Organizations Of The Treadway Commission
Association Sections, Divisions, Boards, Teams
No abstract provided.
