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Cpa Client Tax Letter, October/November/December 2007, American Institute Of Certified Public Accountants (Aicpa)

Newsletters

No abstract provided.

Editorship: Accounting Historians Journal, Academy Of Accounting Historians

Accounting Historians Notebook

No abstract provided.

Accounting Historians Notebook, 2007, Vol. 30, No. 2 (October) [Whole Issue]

Accounting Historians Notebook

Copyright held by: Academy of Accounting Historians

Natural Path To The Understanding And Use Of Accounting: Barter Bookkeeping And The Double Entry System, The Case Of Benjamin Barns Sayle, Laura Jean Kreissl

Accounting Historians Notebook

Barter bookkeeping was employed well into the 20th Century in some rural communities of the U.S. Those who used it often did so because it was adequate for their needs, not because they were unfamiliar with the double entry system. One such individual, Benjamin Barns Sayle, employed both systems simultaneously, to address the needs of his different enterprises. His story and records illustrate an almost natural progression in the understanding and use of accounting records from the limited, simple but effective barter bookkeeping system to the more expansive double entry system by individuals. Sayle's experiences suggest that by emphasizing familiar …

Interaction: The Public Interest And Accounting History: Call For Papers, Academy Of Accounting Historians

Accounting Historians Notebook

No abstract provided.

12th World Congress Of Accounting Historians, July 20-24, 2008, Istanbul -- Turkey: Call For Papers, Academy Of Accounting Historians

Accounting Historians Notebook

No abstract provided.

Treatment Of Legal Fees Incurred By Individuals, Annette M. Nellen

Faculty Publications

If the origin of a claim that generated legal fees is personal, the fees are not deductible. Possible favorable treatment for legal fees includes either above-the-line deductions or adjustments to basis or selling price in a property transaction. Some taxpayers have claimed described legal fees in such a way that they directly reduce the related income.

Accounting For Ecosystem Flows: Setting A Standard For Australian Industries To Make Sustainable Decisions, Emily Gilbert

Independent Study Project (ISP) Collection

This paper explains the System of Environmental and Economic Accounting’s (SEEA) approach to environmental accounting flow systems and how this system is now being utilized in the creation of new Australian standards of accounting. The first part of the paper discusses in depth different accounting systems, primarily physical and hybrid accounting systems, as they relate to the measures set forth by the SEEA. The second part analyzes the differences between the SEEA’s gross accounting system in comparison to the Intergovernmental Panel on Climate Change’s (IPCC) net accounting system. This includes a type of “pro-con” way of looking at which is …

Cpa Client Bulletin, October 2007, American Institute Of Certified Public Accountants (Aicpa)

Newsletters

No abstract provided.

Practicing Cpa, Vol. 31 No. 8, October 2007, American Institute Of Certified Public Accountants (Aicpa)

Newsletters

No abstract provided.

Uniform Cpa Examination Alert, Fall 2007, American Institute Of Certified Public Accountants (Aicpa)

Newsletters

No abstract provided.

Minimum Profitability Ruling A Boon Or Bane? Some Lessons From China, Knowledge@Smu

Knowledge@SMU

China’s Securities Regulatory Commission (CSRC) stands out in its approach to tighten restrictions for listed companies wanting to initiate rights issues or seasoned equity offerings (SEOs). The country’s experience, relevant to other emerging markets, is the subject of a research paper published recently in the International Journal of Accounting, co-authored by Kevin C.W. Chen, accounting professor at the Hong Kong University of Science and Technology and Singapore Management University accounting professor Jiwei Wang. --------------------------------------------------------------------------------

Do Direct Cash Flow Disclosures Help Predict Future Operating Cash Flows And Earnings?, Steven Francis Orpurt, Yoonseok Zang

Research Collection School Of Accountancy

Motivated by recent FASB, IASB and CFA Institute comments, we extend the scant literature on direct method cash flow disclosures by exploring their predictive ability. A primary stated purpose of the direct method is to better forecast future operating performance. To test this purpose, we use a FERC (future ERC) methodology, finding that firms voluntarily producing direct method statements reflect more information about future earnings in their current stock returns than other firms. Supporting our FERC analysis, we document that substantial articulation errors exist when direct method cash flow components are estimated from either indirect method cash flow statements or …

The Value Relevance Of Earnings And The Prediction Of One-Year-Ahead Cash Flows, Oliver Kim, Steve C. Lim, Taewoo Park

Faculty Articles

In this paper we examine the validity of using one-year-ahead cash flows prediction tests as a substitute for the value relevance test of earnings. We show theoretically that the R2 of the cash flows prediction regression is contaminated by the presence of (1) noise in the cash flows and (2) spurious, i.e., value-unrelated, correlation between one-year-ahead cash flows and current earnings. We test if either of the above two factors contribute to the result of Kim and Kross (2005) that the ability of earnings to predict one-year-ahead cash flows has increased over the recent decades, in contrast to the evidence …

Planner, Volume 22, Number 5, September-October 2007, American Institute Of Certified Public Accountants (Aicpa)

Newsletters

No abstract provided.

Practicing Cpa, Vol. 31 No. 7, September 2007, American Institute Of Certified Public Accountants (Aicpa)

Newsletters

No abstract provided.

Cpa Client Bulletin, September 2007, American Institute Of Certified Public Accountants (Aicpa)

Newsletters

No abstract provided.

September 2007; Orange Accounting News, Lubin School Of Accounting

Orange Accounting News

No abstract provided.

Should China Keep Its Dollar Peg? Some Parallels From Japan, Knowledge@Smu

Knowledge@SMU

At a recent Singapore Management University School of Economics Distinguished Lecture, Stanford University international economics professor Ronald I. McKinnon warned of a possible ‘lost decade’ of falling price levels and undesirably low interest rates in China, similar to those experienced by Japan in the 1990s. McKinnon draws parallels between Japan in the late 1980s and present day China in his paper entitled “Why China Should Keep its Exchange Rate Pegged to the Dollar: A Historical Perspective from Japan”. --------------------------------------------------------------------------------

An International Comparison Of Student Perceptions Of Earnings Management: Evidence Of Effects Of National Origin Between Mexico And The United States, Marshall A. Geiger, Carmen Quirvan, Alejandro Hazera

Accounting Faculty Publications

Manipulating reported earnings is a temptation faced by accountants and financial professionals around the world. Manipulating, or “managing,” one’s accounting earnings takes a variety of forms and includes not only the avoidance of prescribed accounting rules but also the practice of selectively choosing accounting estimates or timing operating decisions to move reported earnings toward a desired goal. Prior research reveals wide disagreement regarding the perceived ethical acceptability of this practice. This study investigates whether national origin influences perceptions of earnings management. Participants from the United States and Mexico evaluated thirteen vignettes describing various earnings management practices (Merchant and Rockness 1994). …

Are Us Family Firms Subject To Agency Problems? Evidence From Ceo Turnover And Firm Valuation, Xia Chen, Zhonglan Dai

Research Collection School Of Accountancy

This paper investigates the impact of the founding family's presence in US public firms on the extent of agency problems related to CEO turnover decisions and on firm valuations after poor performance. In particular, we focus on three types of US public firms: family CEO firms, professional CEO family firms (family firms managed by a hired CEO outside the founding family), and non-family firms. We hypothesize that, the agency problem arising from the expropriation of small shareholders by large shareholders in family CEO firms and the agency problem arising from the separation of ownership and control in non-family firms, lead …

Comment Letters On Proposal Of Professional Ethics Division, Proposed Revision Of Et Section 92: Definition Of Firm, Proposed Addition Of Et Section 92: Definition Of Network, Proposed Addition Of Et Section (W: Definition Of Network Firm, Proposed Interpretation 101-17, Networks And Network Firms, August 13, 200, American Institute Of Certified Public Accountants. Professional Ethics Executive Committee

Exposure Drafts, Comment Letters, and Statements of Position

No abstract provided.

Proposal Of Professional Ethics Division, Proposed Revision Of Et Section 92: Definition Of Firm, Proposed Addition Of Et Section 92: Definition Of Network, Proposed Addition Of Et Section (W: Definition Of Network Firm, Proposed Interpretation 101-17, Networks And Network Firms, August 13, 2007; Exposure Draft (American Institute Of Certified Public Accountants), 2007, August 13, American Institute Of Certified Public Accountants. Professional Ethics Executive Committee

Exposure Drafts, Comment Letters, and Statements of Position

No abstract provided.

Accounting Hall Of Fame: Katherine Schipper, Remarks And Citation, Chicago, Illinois, August 6, 2007, American Accounting Association, The Ohio State University

Accounting Hall of Fame Brochures

No abstract provided.

The Ohio State University Accounting Hall Of Fame And Alumni Breakfast, August 6, 2007, The Ohio State University

Accounting Hall of Fame Brochures

No abstract provided.

Cpa Client Bulletin, August 2007, American Institute Of Certified Public Accountants (Aicpa)

Newsletters

No abstract provided.

Auditor Locality, Audit Quality And Audit Pricing, Jong-Hag Choi, Jeong-Bon Kim, Aini Qiu, Yoonseok Zang

Research Collection School Of Accountancy

No abstract provided.

Earnings Management And Its Implications, Michael D. Akers, Don E. Giacomino, Jodi L. Gissel

Accounting Faculty Research and Publications

In the wake of continuing, highly publicized financial frauds and failures, the accounting profession has placed renewed emphasis on issues related to earnings management and earnings quality. Staff Accounting Bulletin 101, Revenue Recognition in Financial Statements, which was issued in December 1999 in response to the Committee of Sponsoring Organizations of the Treadway Commission report, illustrates the importance of earnings to the SEC. The SEC and the public are demanding greater assurance about the quality of earnings. Notwithstanding the grave threat that abusive earnings-management practices pose to the reliability and accuracy of financial statements, the accounting profession may be reluctant …

Exploring The Role That Forecast Surprise And Forecast Error Play In Determining Management Forecast Precision, Jong-Hag Choi, Linda Myers, Yoonseok Zang, David Ziebart

Research Collection School Of Accountancy

No abstract provided.

Fraud: The Human Factor, Sridhar Ramamoorti, William Olsen

Accounting Faculty Publications

Eighty percent of respondents to a National Association of Corporate Directors (NACD) survey of public company audit committees felt that failure resulting from poor risk management couldn't happen to them. However, 50 percent thought it could happen to other companies.

This feeling of relative "invincibility" is similar to the statistically impossible "Lake Wobegon" effect--where "all the women are strong, all the men are good-looking and all the children are above average." Could this Lake Wobegon effect--which results from the human tendency to overestimate one's achievements and capabilities in relation to others--extend to an organization's assessment of its vulnerability to fraud …