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Accounting

Shyam Sunder

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Valuation Of Equity And Investment Decisions, Shyam Sunder Dec 2014

Valuation Of Equity And Investment Decisions, Shyam Sunder

Shyam Sunder

No abstract provided.

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Challenges Of Social Science In Research Management, Shyam Sunder Dec 2014

Challenges Of Social Science In Research Management, Shyam Sunder

Shyam Sunder

No abstract provided.

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Financial Engineering And The Arms Race Between Accounting Standard Setters And Preparers, Ronald Dye, Jonathan Glover, Shyam Sunder Oct 2014

Financial Engineering And The Arms Race Between Accounting Standard Setters And Preparers, Ronald Dye, Jonathan Glover, Shyam Sunder

Shyam Sunder

This essay analyzes some problems accounting standard setters confront in erecting barriers to managers bent on boosting their firms’ financial reports through financial engineering (FE) activities. It also poses some unsolved research questions regarding interactions between preparers and standard setters. It starts by discussing the history of lease accounting to illustrate the institutional disadvantage of standard setters relative to preparers in their speeds of response. Then, the essay presents a general theorem which shows that, independent of how accounting standards are written, it is impossible to eliminate all FE efforts of preparers. It also discusses the desirability of choosing accounting …

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How Can Financial Reporting Standards Resist Accounting-Motived Financial Engineering?, Shyam Sunder May 2014

How Can Financial Reporting Standards Resist Accounting-Motived Financial Engineering?, Shyam Sunder

Shyam Sunder

No abstract provided.

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Role Of Accounting In Managing Risk, Shyam Sunder May 2014

Role Of Accounting In Managing Risk, Shyam Sunder

Shyam Sunder

No abstract provided.

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Statistical Inference In Accounting Research, Shyam Sunder Apr 2014

Statistical Inference In Accounting Research, Shyam Sunder

Shyam Sunder

No abstract provided.

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Accounting And Control For Mbas, Shyam Sunder Feb 2014

Accounting And Control For Mbas, Shyam Sunder

Shyam Sunder

No abstract provided.

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Monopoly Versus Competition In Setting Accounting Standards, Shyam Sunder Dec 2013

Monopoly Versus Competition In Setting Accounting Standards, Shyam Sunder

Shyam Sunder

Risk and uncertainty are inherent in the environment and functions of accounting. Accounting reports, systems, norms, and rules help people decide, and also determine how they decide in such an environment. Diverse normative theories and descriptions of coping with risk and uncertainty yield different implications for accounting. Chambers was an articulate, forceful, and celebrated proponent of market values, while Ijiri did the same for historical costs. Elements of accounting theory that diverge in their emphases on historical cost versus market values can be linked to the divergence in the theories of risk and decision making. This largely unrecognized link between …

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Financial Reporting And Economic Development, Shyam Sunder Dec 2013

Financial Reporting And Economic Development, Shyam Sunder

Shyam Sunder

No abstract provided.

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Financial Reporting And Economic Development, Shyam Sunder Dec 2013

Financial Reporting And Economic Development, Shyam Sunder

Shyam Sunder

No abstract provided.

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Accounting For Policy In Accounting, Economics And Law, Shyam Sunder Nov 2013

Accounting For Policy In Accounting, Economics And Law, Shyam Sunder

Shyam Sunder

No abstract provided.

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Building Research Culture, Shyam Sunder Nov 2013

Building Research Culture, Shyam Sunder

Shyam Sunder

No abstract provided.

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Custom Fit Or Off-The-Shelf Standards: Dilemma Of Financial Reporting In Interactive World Economy, Shyam Sunder May 2013

Custom Fit Or Off-The-Shelf Standards: Dilemma Of Financial Reporting In Interactive World Economy, Shyam Sunder

Shyam Sunder

No abstract provided.

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The Problem Of Improving Financial Reporting., Shyam Sunder May 2013

The Problem Of Improving Financial Reporting., Shyam Sunder

Shyam Sunder

Improving financial reporting calls for achieving a fine balance between codification of accounting rules, and development of norms whose enforcement depends on judgment about shared values and expectations in society. Over the past century, financial reporting has pursued codification in excess with unfortunate consequences. Development of mathematical finance and concomitant financial engineering makes written rules of accounting almost instantaneously obsolete through creation of new transactions and instruments. A more open system in which multiple standard setting bodies compete with one another to attract following among the preparer and user communities may help keep financial reporting useful. 

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Ifrs Monopoly: Pied Piper Of Financial Accounting, Shyam Sunder Jan 2013

Ifrs Monopoly: Pied Piper Of Financial Accounting, Shyam Sunder

Shyam Sunder

No abstract provided.

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How Do Regulatory Reforms To Enhamce Audito Independence Work In Practice?, Krista Fiolleau, Kris Hoang, Karim Jamal, Shyam Sunder Dec 2012

How Do Regulatory Reforms To Enhamce Audito Independence Work In Practice?, Krista Fiolleau, Kris Hoang, Karim Jamal, Shyam Sunder

Shyam Sunder

No abstract provided.

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Global Accounting Rules - An Unfeasible Aim, Shyam Sunder, Stella Fearnley Jun 2012

Global Accounting Rules - An Unfeasible Aim, Shyam Sunder, Stella Fearnley

Shyam Sunder

No abstract provided.

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Reviewing Rotation, Tracey Ball, Jonathan Glover, Karim Jamal, Rozina Kassam, Ken Kouri, D. Brad Paterson, Suresh Radhakrishnan, Shyam Sunder May 2012

Reviewing Rotation, Tracey Ball, Jonathan Glover, Karim Jamal, Rozina Kassam, Ken Kouri, D. Brad Paterson, Suresh Radhakrishnan, Shyam Sunder

Shyam Sunder

No abstract provided.

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Corporate Disclosure: A Symposium, Shyam Sunder Dec 2011

Corporate Disclosure: A Symposium, Shyam Sunder

Shyam Sunder

No abstract provided.

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Corporate Disclosure: A Symposium, Shyam Sunder Dec 2011

Corporate Disclosure: A Symposium, Shyam Sunder

Shyam Sunder

Gregory (Scotland Yard detective): Is there any other point to which you would wish to draw my attention? Holmes: To the curious incident of the dog in the night-time. Gregory: The dog did nothing in the night-time. Holmes: That was the curious incident. 2 As an organization of over eight thousand, the American Accounting Association has been dedicated to thought leadership for almost a century. Its members create, critically evaluate and debate, and disseminate new ideas where they may be selectively absorbed into public policy and professional practice over time. As thought leaders, AAA members do not confine themselves to …

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Paradox Of Writing Clear Rules: Interplay Of Financial Reporting Standards And Engineering, Shyam Sunder Dec 2011

Paradox Of Writing Clear Rules: Interplay Of Financial Reporting Standards And Engineering, Shyam Sunder

Shyam Sunder

Attempts to improve financial reporting by adding clarity to its rules and standards through issuance of interpretations and guidance also serve to furnish a better roadmap for evasion through financial engineering. Thus, paradoxically, regulation of financial reporting becomes a victim of its own pursuit of clarity. The interplay between rules written to govern preparation and auditing of financial reports on one hand, and financial engineering of securities to manage the appearance of financial reports on the other, played a significant role in the financial crisis of the recent years. Fundamental rethinking about excessive dependence of financial reporting on written rules …

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Some Conceptual Tensions In Financial Reporting, Yuri Biondi, Jonathan Glover, Karim Jamal, James Ohlson, Stephen Penman, Shyam Sunder, Eiko Tsujiyama Sep 2011

Some Conceptual Tensions In Financial Reporting, Yuri Biondi, Jonathan Glover, Karim Jamal, James Ohlson, Stephen Penman, Shyam Sunder, Eiko Tsujiyama

Shyam Sunder

We examine four key conceptual tensions that are at the heart of many financial reporting dilemmas: stocks vs. flows, ex-ante vs. ex post, conventions vs. economic substance, and topdown design vs. bottom-up evolution as sources of accounting practice. Associated with each of these conceptual dimensions is an accounting duality; in some cases one side (e.g., stocks) is easier to measure in a reliable manner, while the other side (e.g., flows) is easier to measure in other instances. We suggest that financial reporting would benefit from a willingness to pay attention to, and find compromise between both sides of these tensions; …

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Allowing Financial Reporting Standards To Compete Ii (In Japanese), Shyam Sunder Apr 2011

Allowing Financial Reporting Standards To Compete Ii (In Japanese), Shyam Sunder

Shyam Sunder

No abstract provided.

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A Conductor Of Wisdom, An Interview With Professor Ishikawa (In Japanese), Shyam Sunder Apr 2011

A Conductor Of Wisdom, An Interview With Professor Ishikawa (In Japanese), Shyam Sunder

Shyam Sunder

No abstract provided.

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Engaging Auditors: Field Investigation Of A Courtship, Shyam Sunder, Krista Fiolleau, Kris Hoang, Karim Jamal May 2010

Engaging Auditors: Field Investigation Of A Courtship, Shyam Sunder, Krista Fiolleau, Kris Hoang, Karim Jamal

Shyam Sunder

We report results of a field study of the process by which a Canadian publicly-traded company and prospective auditors acquire information about each other and enter an engagement. We obtained documents from the company (including a request for proposal and minutes of audit committee meetings) and bids submitted by audit firms. We also interviewed senior company officers and all prospective audit partners to learn what each party wanted to know about the other, and how they obtained the information they sought. We observed: (1) the audit committee was involved in the process, but management effectively controlled the selection of the …

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Hicksian Income In The Conceptual Framework, Michael Bromwich, Richard Macve, Shyam Sunder Feb 2010

Hicksian Income In The Conceptual Framework, Michael Bromwich, Richard Macve, Shyam Sunder

Shyam Sunder

In seeking to replace accounting ‘conventions’ by ‘concepts’ in the pursuit of principles-based standards, the FASB/IASB joint project on the conceptual framework has grounded its approach on a well-known definition of ‘income’ by Hicks. We welcome the use of theories by accounting standard setters and practitioners, if theories are considered in their entirety. ‘Cherry-picking’ parts of a theory to serve the immediate aims of standard setters risks distortion. Misunderstanding and misinterpretation of the selected elements of a theory increase the distortion even more. We argue that the Boards have selectively picked from, misquoted, misunderstood, and misapplied Hicksian concepts of income. …

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Evaluating Research Impact, Shyam Sunder May 2009

Evaluating Research Impact, Shyam Sunder

Shyam Sunder

No abstract provided.

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Roadmap For Potential Use Of Financial Statements Prepared In Accordance With International Financial Reporting Standards (Ifrs) By Us Issues, Shyam Sunder Apr 2009

Roadmap For Potential Use Of Financial Statements Prepared In Accordance With International Financial Reporting Standards (Ifrs) By Us Issues, Shyam Sunder

Shyam Sunder

No abstract provided.

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Classical, Stewardship And Market Perspectives On Accounting: A Synthesis, Shyam Sunder Feb 2009

Classical, Stewardship And Market Perspectives On Accounting: A Synthesis, Shyam Sunder

Shyam Sunder

No abstract provided.

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Value Of The Firm, Shyam Sunder Nov 2008

Value Of The Firm, Shyam Sunder

Shyam Sunder

No abstract provided.

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