Disclosure And Cost Of Equity Capital: An Analysis At The Market Level,
2012
Temple University
Disclosure And Cost Of Equity Capital: An Analysis At The Market Level, Yan Li, Holly I-Hwa Yang
Research Collection School Of Accountancy
This study examines whether disclosure reduces the market cost of capital. A stock’s implied cost of capital is defined as the expected return that equates its current price to the present value of its expected future free cash flows. We compute implied costs of capital for each firm and use their average as a measure of the market cost of capital. Using a sample of management forecasts issued between 1994 and 2010, we find that an increase in disclosure at the aggregate level results in a lower market cost of capital. This result is robust to alternative measures of disclosure …
Building The Cfo Function: Roles And Responsibilities,
2012
Singapore Management University
Building The Cfo Function: Roles And Responsibilities, Chunqi (Tracey) Zhang, Tong Kin Andrew Lee
Research Collection School Of Accountancy
No abstract provided.
Making Sense Of Other Comprehensive Income,
2012
Singapore Management University
Making Sense Of Other Comprehensive Income, Pearl Hock Neo Tan
Research Collection School Of Accountancy
SMU Associate Professor of Accounting (Practice) Pearl Tan commented on how other comprehensive income (OCI) is different from net income, and how SME managers and stakeholders may use the information on other comprehensive income to evaluate the business. She highlighted that it is important for owners and managers of SMEs to understand the components of OCI and commented on how it will affect reported equity and net assets. Stakeholders of an SME may also use the information on OCI to assess risks and to estimate future cash flows from the reported unrealised gains or losses.
Proposed Financial Reporting Framework For Small- And Medium-Sized Entities, Released November 1, 2012, Comments Are Requested By January 30, 2013; Exposure Draft (American Institute Of Certified Public Accountants), 2012, November 1,
2012
University of Mississippi
Proposed Financial Reporting Framework For Small- And Medium-Sized Entities, Released November 1, 2012, Comments Are Requested By January 30, 2013; Exposure Draft (American Institute Of Certified Public Accountants), 2012, November 1, American Institute Of Certified Public Accountants (Aicpa)
Exposure Drafts, Comment Letters, and Statements of Position
No abstract provided.
Guide: Prospective Financial Information With Conforming Changes As Of November 1, 2012; Audit And Accounting Guide:,
2012
University of Mississippi
Guide: Prospective Financial Information With Conforming Changes As Of November 1, 2012; Audit And Accounting Guide:, American Institute Of Certified Public Accountants. Financial Forecasts And Projections Task Force
Industry Guides (AAGs), Risk Alerts, and Checklists
No abstract provided.
Building The Cfo Function: Roles And Responsibilities,
2012
Singapore Management University
Building The Cfo Function: Roles And Responsibilities, Andrew Lee, Tracey Zhang
Research Collection School Of Accountancy
In May 2012, the Singapore CFO Institute, in collaboration with the School of Accountancy at Singapore Management University (SMU), embarked on this study with the objective of achieving a better understanding of the CFO function in today’s modern corporation. The study aims to answer a fundamental question – what do CFOs actually do? We examined several facets to this question: the key roles and responsibilities of CFOs; how those responsibilities are structured; whether those roles have changed in importance over time; what roles occupy the most of the CFOs’ attention and time; and what factors are challenging or enhancing the …
Building The Cfo Function: Roles And Responsibilities,
2012
Singapore Management University
Building The Cfo Function: Roles And Responsibilities, Andrew Lee
Research Collection School Of Accountancy
No abstract provided.
Building The Cfo Function: Roles And Responsibilities,
2012
Singapore Management University
Building The Cfo Function: Roles And Responsibilities, Andrew Lee, Chunqi (Tracey) Zhang
Research Collection School Of Accountancy
No abstract provided.
Letter From Jeffrey A. Porter, Cpa, Chair, Aicpa Tax Executive Committee, To Douglas H. Shulman, Irs Commissioner, Re: Request For Further Relief Due To Hurricane Sandy For Various Tax And Information Returns And Payments Otherwise Due November 15, 2012 And Beyond.,
2012
University of Mississippi
Letter From Jeffrey A. Porter, Cpa, Chair, Aicpa Tax Executive Committee, To Douglas H. Shulman, Irs Commissioner, Re: Request For Further Relief Due To Hurricane Sandy For Various Tax And Information Returns And Payments Otherwise Due November 15, 2012 And Beyond., Jeffrey A. Porter, American Institute Of Certified Public Accountants. Tax Executive Committee
Association Sections, Divisions, Boards, Teams
No abstract provided.
The Development And Utilization Of Corporate Social Responsibility Reporting,
2012
University of Northern Iowa
The Development And Utilization Of Corporate Social Responsibility Reporting, Kristen Granzow
Honors Program Theses
How do auditors evaluate sustainability data? As noted, assurance requires comparing data to a set of agreed-upon standards. Auditors provide reasonable assurance for financial information because they can evaluate a company's information based on its adherence to GAAP. Although reporting and auditing standards have not been agreed upon and set for CSR information, auditors are still providing assurance. They use standards developed by nongovernmental organizations discussed below and can determine the amount of assurance provided, either reasonable or limited. Two additional questions arise from this situation: what standards are commonly used to evaluate CSR reports and does a company's industry …
Pension Accounting And Reporting With Other Comprehensive Income And Deferred Taxes: A Worksheet Approach,
2012
Georgia Southern University
Pension Accounting And Reporting With Other Comprehensive Income And Deferred Taxes: A Worksheet Approach, Robert E. Jackson, L. Dwight Sneathen, Timothy R. Veal
Accountancy: Faculty Publications
This instructional tool presents pension accounting using a worksheet approach where debits equal credits for both the employer and for the plan. Transactions associated with the initiation of the plan through the end of the second year of the plan are presented, including their impact on accumulated other comprehensive income and deferred taxes. This article is intended as a supplemental teaching tool that demonstrates the impact of a plans funded status on the employers financial statements in a way that, based upon anecdotal evidence, accounting students and practitioners have found extremely beneficial beyond traditional accounting textbooks.
The Impact Of Switching To International Financial Reporting Standards On United States Businesses,
2012
Liberty University
The Impact Of Switching To International Financial Reporting Standards On United States Businesses, Ashley Harper, Linda Leatherbury, Ana Machuca, Jodee Phillips
Faculty Publications and Presentations
There has been controversy brewing among accounting professionals regarding the impact of switching to International Financial Reporting Standards (IFRS) on United States corporations as deemed to converge in the near future (Deming, 2005). The viewpoint presented in this paper is that the United States should conform to the international standards primarily because a single set of standards creates uniformity and comparability for stakeholders regardless of their geographic location. This paper addresses the potential advantages and disadvantages of moving to a global set of standards as well as how the Financial Accounting Standards Board (FASB) will need to work with the …
The Convergence Of Multinational Standards And Practices In International Financial Reporting,
2012
Liberty University
The Convergence Of Multinational Standards And Practices In International Financial Reporting, Ashley Harper, Linda Leatherbury, Ana Machuca, Jodee Phillips
Faculty Publications and Presentations
The International Financial Reporting Standards (IFRS) is pending a move to incorporate a single set of accounting standards across International borders. The definitive decision for uniting the standards appears to be stalemated. The pending move by the United States to adopt financial reporting practices set forth by the IFRS to encompass a single set of reporting standards bears both advantages and disadvantages for multinational corporations. This paper examines some of the difficulties that can arise by using a single set of standards and addresses two significant studies regarding converging reporting standards. The paper concludes by discussing issues that could potentially …
Agenda, Auditing Standards Board, October 16-18, 2012 Meeting, Cleveland, Oh,
2012
University of Mississippi
Agenda, Auditing Standards Board, October 16-18, 2012 Meeting, Cleveland, Oh, American Institute Of Certified Public Accountants. Auditing Standards Board
Association Sections, Divisions, Boards, Teams
No abstract provided.
Auditing Standards Board (Asb) Meeting, October 16-18, 2012, Cleveland, Oh; Highlights (Asb) Meeting, October 16-18, 2012,
2012
University of Mississippi
Auditing Standards Board (Asb) Meeting, October 16-18, 2012, Cleveland, Oh; Highlights (Asb) Meeting, October 16-18, 2012, American Institute Of Certified Public Accountants. Auditing Standards Board
Association Sections, Divisions, Boards, Teams
No abstract provided.
Ole Miss Accountant – Fall 2012,
2012
University of Mississippi
Ole Miss Accountant – Fall 2012, University Of Mississippi. School Of Accountancy
Ole Miss Accountant
Cover story: Horne LLP Lectureship established to provide faculty support
An Analysis Of Fraud: Causes, Prevention, And Notable Cases,
2012
University of New Hampshire - Main Campus
An Analysis Of Fraud: Causes, Prevention, And Notable Cases, Kristin A. Kennedy
Honors Theses and Capstones
No abstract provided.
Special Considerations In Auditing Financial Instruments, October 1, 2012,
2012
University of Mississippi
Special Considerations In Auditing Financial Instruments, October 1, 2012, American Institute Of Certified Public Accountants (Aicpa)
Industry Guides (AAGs), Risk Alerts, and Checklists
No abstract provided.
Changing And/Or Funding Opeb Promises: A Typology Of Local Government Responses To Gasb 45 And The Realization Of Opeb Liabilities,
2012
Old Dominion University
Changing And/Or Funding Opeb Promises: A Typology Of Local Government Responses To Gasb 45 And The Realization Of Opeb Liabilities, Juita-Elena Yusuf, Thomas Musumeci
School of Public Service Faculty Publications
GASB Statement No. 45 addresses how governmental units account for employees' other post-employment benefits (OPEB), requiring government employers to replace OPEB reporting on a pay-as-you-go basis with an accounting of the cost of current and future benefits. This requirement and the resulting OPEB liability may prompt government employers to reconsider key questions regarding their OPEB provision. The size of the OPEB liability depends on both the benefit promises made to employees and the assets to fund these promises. We propose a typology that defines four approaches for governments to respond to GASB 45 and their OPEB liabilities. These approaches represent …
The Convergence Of U.S. Gaap And Ifrs: Revenue Recognition,
2012
University of New Hampshire - Main Campus
The Convergence Of U.S. Gaap And Ifrs: Revenue Recognition, Colleen A. Steele
Honors Theses and Capstones
No abstract provided.
