Business Commons^™

Chair's Letter--September 2011., Paul V. Stahlin

Association Sections, Divisions, Boards, Teams

No abstract provided.

Presentation Of Dissertation: Material Weaknesses In Internal Control Over Compliance For Federal Grants To U.S. Counties, Julie Hyde

Faculty Works

No abstract provided.

How The Mindless Growth Mantra Of Modern Economics Is Failing Us, Knowledge@Smu

Knowledge@SMU

As the world ponders the possibility of yet another global recession, one economist has offered up, instead, a critical view of the fundamental flaws within a system so caught up with consumption that a second wave recession would seem more intentional than unnerving. In 'The End of Progress: How modern economics has failed us', author Grame Maxton takes readers through a re-examination of 'the invisible hand' and puts forth several radical ideas for how the world economy may repair itself.

Cpa Client Bulletin, September 2011, American Institute Of Certified Public Accountants (Aicpa)

Newsletters

No abstract provided.

Comprehensive Income Reporting: Fasb Decides Location Matters, Dennis Chambers

Faculty Articles

The article reports on Accounting Standards Update (ASU) 2011-05 issued by the Financial Accounting Services Board (FASB) in June 2011. It states that the standard requires all companies to report comprehensive income and components either in one continuous statement or in two separate, but consecutive, net income and other comprehensive income statements.In both cases, companies must reportedly now report in an income statement-type location for total comprehensive income.

Beta Alpha Psi Newsletter [Volume 1, Issue 1], School Of Accountancy, Georgia Southern University

Accountancy: News & Publications (2011)

No abstract provided.

Generational Differences Of Personal Values Of Business Students, Don E. Giacomino, Jill Brown, Michael D. Akers

Accounting Faculty Research and Publications

This paper examines the values and value systems of business students from a private mid-western university using the Rokeach Value Survey and the Musser and Orke Typology of Personal Values. The findings of this study are compared with the results of studies in the latter part of the 1990’s and early 2000 in order to provide some insights regarding generational differences. There is evidence of changes in several individual variables during the past decade. For example, the value with the greatest change is National Security. Students in 2010 place more importance on this value than did the students in 1998. …

Students Perceptions Of Cheating In Online Business Courses, Michael P. Watters, Paul J. Robertson, Renae K. Clark

School of Accountancy Faculty Publications

Accounting majors enrolled in business courses at two different universities were asked to complete a survey questionnaire pertaining to cheating in online business courses. Specifically, students majoring in Accounting were asked about their awareness online business courses as well as their opinions regarding the credibility of online courses and the effectiveness of different techniques that may be used to prevent cheating. Forty-six percent of students indicated that they had knowledge of students receiving help with an online exam/quiz. Overall, 75 percent of respondents indicated that the most effective technique to prevent cheating on online exams/quizzes is the use of random …

The Role Of Reputable Auditors And Underwriters In The Design Of Bond Contracts, Yun Lou, Florin. Vasvari

Research Collection School Of Accountancy

The authors empirically test the certification hypothesis by studying the roles of reputableauditors and bank underwriters in the design of bond contracts. The certification hypoth-esis suggests that reputable capital market intermediaries can credibly communicate insideinformation to outside investors, thereby helping improve financing terms for firms thatraise external funding. Consistent with this hypothesis, the authors provide evidence thatreputable auditors and underwriters help corporate bond issuers obtain lower bond yields.The effect of reputable auditors on the yields is greater than that of reputable underwritersin terms of economic magnitude and significance, consistent with auditors’ multiple roles asinformation intermediaries, monitors, and insurance providers. The …

Cfos Versus Ceos: Equity Incentives And Crashes, Jeong-Bon Kim, Yinghua Li, Liandong Zhang

Research Collection School Of Accountancy

Using a large sample of U.S. firms for the period 1993-2009, we provide evidence that the sensitivity of a chief financial officer's (CFO) option portfolio value to stock price is significantly and positively related to the firm's future stock price crash risk. In contrast, we find only weak evidence of the positive impact of chief executive officer option sensitivity on crash risk. Finally, we find that the link between CFO option sensitivity and crash risk is more pronounced for firms in non-competitive industries and those with a high level of financial leverage.

Exposure Draft On Revenue Recognition: Tax Compliance Costs, Teng Aun Khoo, Kai Guan Tan

Research Collection School Of Accountancy

Effect of ED on Revenue Recognition on Tax Compliance Costs

Proposed Changes To The Aicpa Standards For Performing And Reporting On Peer Reviews: Performing And Reporting On Reviews Of Quality Control Materials, August 22, 2011, Comments Are Requested By September 20, 2011; Exposure Draft (American Institute Of Certified Public Accountants), 2011, August 22, American Institute Of Certified Public Accountants. Peer Review Board

Exposure Drafts, Comment Letters, and Statements of Position

No abstract provided.

Accounting Hall Of Fame: Reed Karl Storey, Remarks, Citation And Response, Denver, Colorado, August 8, 2011, American Accounting Association, The Ohio State University

Accounting Hall of Fame Brochures

No abstract provided.

Accounting Hall Of Fame: Gary John Previts, Remarks, Citation And Response, Denver, Colorado, August 8, 2011, 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 8, 2011, The Ohio State University

Accounting Hall of Fame Brochures

No abstract provided.

Building Structured Products: Like Manufacturing A Complex, Abstract Car, Knowledge@Smu

Knowledge@SMU

The inner workings of structured financial products and the structured products industry might seem complicated to outsiders looking in. After all, regulatory restrictions, quantitative financial modelling, and foreign exchange options are not exactly universally understood commonplace terms. Industry insiders at a Lee Kong Chian School of Business Public Lecture say, however, that an appreciation for this seemingly complex domain is more about attitude than aptitude.

Analyst Characteristics, Timing Of Forecast Revisions, And Analyst Forecasting Ability, Yongtae Kim, Gerald J. Lobo, Minsup Song

Accounting

We first examine whether analysts with certain characteristics that prior research has identified are related to superior forecasting ability systematically time their forecast revisions later in the fiscal quarter. We then examine whether this superior ability persists after controlling for this timing advantage by using relative forecast error, a measure that largely eliminates the timing advantage of recent forecasts. Using a sample of quarterly earnings forecast revisions over the 20-year period from 1990 to 2009, we find that analysts with more firm-specific and general experience and more accurate prior-period forecasts, analysts employed by larger brokerage firms, and analysts who follow …

Cpa Client Bulletin, August 2011, American Institute Of Certified Public Accountants (Aicpa)

Newsletters

No abstract provided.

The Corporate Ethics Audit: To Prevent And Detect Management Fraud, Internal Auditors Must Have A Sound Understanding Of Human Behavior, Sridhar Ramamoorti, R. Luke Evans

Accounting Faculty Publications

In theory, management is responsible not only for designing and implementing strong systems of internal control but also confirming their continued effectiveness over time through monitoring activities. Yet, management override of these monitoring activities — -Soften described as the Achilles' heel of internal controls — is a growing trend at the executive level, as indicated by both of The Committee of Sponsoring Organizations of the Treadway Commission's fraud studies of 1998 and 2010. When the “overseer” becomes the perpetrator of fraud, how do shareholders protect themselves? Indeed, as the Roman satiric poet Decimus Juvenal wrote, “But who will guard the …

Information Technology In The Undergraduate Accounting Curriculum, Dana Hermanson, Mary C. Hill, Daniel M. Ivancevich

Faculty Articles

This study examines the extent to which undergraduate accounting programs are integrating information technology (IT) across the curriculum. Based on responses from nearly 70 accounting programs, respondents believe that integrating IT into the curriculum is important, but (1) few departments have an IT policy, (2) coverage of general IT topics is minor to moderate, and (3) student usage of computer applications is fairly low. The main technical barriers to IT integration are inadequate lab personnel and continual changes in technology.

Personal Intern Experience Assessment, Jacob Reed

Undergraduate Honors Capstone Projects

I am a senior, finishing up the last accounting class for my undergraduate degree in accounting. I recently completed an internship with PwC in the McLean, Virginia office. At PwC, I was an assurance intern primarily responsible for assisting my engagement teams by performing tests around financial statement line items such as 'cash.' I learned quite a bit about the PWC process for auditing these items because I performed these same procedures on six different clients.

My role as an intern was to perform uniform tasks that needed to be done on each engagement, and when I was done I …

Access To Cpd Opportunities And Resources To Assist Professional Accountants To Meet Their Commitment To Life Long Learning: Evidence From The Asia Pacific Region, Themin Suwardy, P De Lange, Beverley Jackling

Research Collection School Of Accountancy

This project sought to investigate the accounting practitioners’ perceptions on the effectiveness of the delivery of Continuing Professional Development (CPD) in the Asia Pacific Region 1. The study aims to inform the International Federation of Accountants (IFAC) and its associated member bodies of the most appropriate range of delivery methods that enhance the quality of learning outcomes from participation in mandatory CPD. The Asia Pacific region was selected as it is experiencing rapid economic expansion and a growing demand for professional accounting services together with an expectation that those working in the financial services industry keep abreast of change and …

Effects Of National Culture On Earnings Quality Of Banks, Chee Yeow Lim, Kanagaretnam Kiridaran, Gerald J. Lobo

Research Collection School Of Accountancy

We examine the relation between four dimensions of national culture and earnings quality of banks using a sample of banks from 39 countries. Our main analysis, which focuses on the pre-financial crisis period 1993–2006, indicates that banks in high individualism, high masculinity, and low uncertainty avoidance societies manage earnings to just-meet-or-beat the prior year's earnings. In tests of income smoothing through loan loss provisions, we find that banks in high individualism, high power distance, and low uncertainty avoidance societies report smoother earnings. Our exploratory analysis of the effects of national culture on accounting outcomes during the financial crisis period 2007–2008 …

Experiential Learning Via An Innovative Inter-University Ifrs Student Video Competition, Mark Holtzblatt

Business Faculty Publications

This paper reports on the results of an innovative IFRS Student Video Competition conducted between the authors' universities in the autumn 2009 semester. The competition provided an experiential learning opportunity for 57 graduate level students. A total of 46 recognized accounting standard-setters, partners, professors and other experts were identified, contacted and interviewed. Numerous communication technologies enabled this collaborative venture to connect the expert interviewees to the student interviewers. The end result was the creation of a series of videos on IFRS, each of 10 to 15 minutes in length, available on an educational Vimeo.com channel for the benefit of students …

Auditing Standards Board (Asb) Meeting, July 26-28, 2011, Seattle, Wa; Highlights (Asb) Meeting, July 26-28, 2011, American Institute Of Certified Public Accountants. Auditing Standards Board

Association Sections, Divisions, Boards, Teams

No abstract provided.

Agenda, Auditing Standards Board, July 26-28, 2011, Meeting Seattle, Washington, American Institute Of Certified Public Accountants. Auditing Standards Board

Association Sections, Divisions, Boards, Teams

No abstract provided.

Comment Letters On Proposed Changes To The Aicpa Standards For Performing And Reporting On Peer Reviews: Performing And Reporting On Reviews Of Quality Control Materials, August 22, 2011, American Institute Of Certified Public Accountants. Peer Review Board

Exposure Drafts, Comment Letters, and Statements of Position

No abstract provided.

Letter From Patricia A. Thompson, Cpa, Chair, Aicpa Tax Executive Committee, To The Honorable Douglas Shulman, Commissioner, Internal Revenue Service, Re: Notice 2011-48, Registered Tax Return Preparer Examination Program., Patricia A. Thompson, American Institute Of Certified Public Accountants. Tax Executive Committee

Association Sections, Divisions, Boards, Teams

No abstract provided.

Letter From Patricia A. Thompson, Cpa, Chair, Aicpa Tax Executive Committee, And Barry C. Melancon, Cpa, Aicpa President And Ceo, To The Honorable Douglas H. Shulman, Commissioner, Internal Revenue Service, Re: Irs Regulation Of Paid Income Tax Return Preparers., Patricia A. Thompson, Barry C. Melancon, American Institute Of Certified Public Accountants. Tax Executive Committee

Association Sections, Divisions, Boards, Teams

No abstract provided.

Scott Tobacco Company - Bowling Green, Kentucky (Sc 1240), Manuscripts & Folklife Archives

Manuscript Collection Finding Aids

Finding aid only for Manuscripts Small Collection 1240. Correspondence, primarily between W. H. Mason, president of Scott Tobacco Company, and T. H. Baird, Adairville, Kentucky, concerning dividends, indebtedness, capitalization and other company matters. Includes correspondence of Baird relating to mail service from Adairville.