Business Commons^™

Revenue Recognition Of Gift Cards Complications Of Breakage Income, Matthew Hendricksoon

Accounting

Gift Cards are loved by both companies and customers. They are a large source of income and customers love their ease. However, regulation for reporting gift card income is something companies must pay close attention to. Companies must be concerned with recognition of breakage income as well as state escheatment laws. This paper will examine the current regulatory environment relating to gift card revenue as well as how companies are currently presenting this information to investors.

The Accounting Fraud At Worldcom The Causes, The Characteristics, The Consequences, And The Lessons Learned, Javiriyah Ashraf

HIM 1990-2015

The economic prosperity of the late 1990s was characterized by a perceived expansive growth that increased the expectations of a company's performance. WorldCom, a telecommunications company, was a victim of these expectations that led to the evolution of a fraud designed to deceive the public until the economic outlook improved. Through understanding what led to the fraud, how the fraud grew, and what its effects were, lessons can be derived to gain a better understanding of the reasons behind a fraud and to prevent future frauds from occurring or growing as big as the WorldCom fraud did.

Internal Controls And Conditional Conservatism, Beng Wee Goh, Dan Li

Research Collection School Of Accountancy

This study examines the relation between internal controls and conditional conservatism (“conservatism”), also referred to as timely loss recognition. Using a sample of firms that disclose material weaknesses (MWs) in internal controls under the Sarbanes-Oxley Act (SOX), we find a positive relation between internal control quality and conservatism. Specifically, firms with MWs exhibit lower conservatism than firms without such weaknesses. Further, firms that disclose MWs and subsequently remediate these weaknesses exhibit greater conservatism than firms that continue to have MWs. Overall, these results are consistent with strong internal controls acting as a mechanism that facilitates conservatism. Our study contributes to …

Financial Performance And Capacity Analysis For The Mice Industry In Las Vegas And The United States, Li-Ting Yang

UNLV Theses, Dissertations, Professional Papers, and Capstones

The meetings, incentive travel, conventions, and exhibitions (MICE) industry is comparatively young and diverse. As a result, there has been limited research conducted in this field, especially from the financial performance and capacity management perspective. The purpose of this study is to fill the gap by analyzing the MICE capacity optimization issue in Las Vegas, a leading MICE destination, and in the U.S., a leading MICE country in the world. The findings and results of this study should help industry practitioners better understand the current status of the U.S. MICE industry in terms of assets efficiency, operational costs, and profitability. …

Why Not Accounting? Why Latino Students Say “No Thank You” To The Accounting Profession, Jessica Santana

Renée Crown University Honors Thesis Projects - All

Factors like the increasing globalization of business in the world, the imperative to serve increasingly diverse client needs, and the changing demographics of our nation’s population, make it necessary for the accounting industry to implement effective diversification strategies in order to overcome the shortage of Latinos in the profession. The purpose of this study was to present a grounded theory of one major research question: Why do Latino students who are interested in business choose not to pursue degrees in accounting? For the purposes of the investigation, grounded theory is defined as theory generated from data systematically obtained and analyzed …

Accounting Quality, Stock Price Delay And Future Stock Returns, Hai Lu, Jeffrey Callen, Mozaffar Khan

Research Collection School Of Accountancy

ln frictionless capital markets with complete information and rational investors, stock prices adjust to new information instantaneously and completely. However, a substantial body of research studies information imperfections such as asymmetric information and incomplete information. Information imperfections potentially hinder timely price discovery and are likely associated with delayed stock price adjustment to information. Our first research question therefore is whether the quality of accounting information (or ”accounting quality”) is one such information imperfection that is associated with cross-sectional variation in stock price delay. We define accounting quality as the precision with which financial reports convey information to equity investors about …

Aicpa Comment On Schedule M-3 Regarding Reducing Burden And Duplication, Patricia A. Thompson, American Institute Of Certified Public Accountants. Tax Executive Committee

Association Sections, Divisions, Boards, Teams

No abstract provided.

Sing, Sam (Sc 2342), Manuscripts & Folklife Archives

Manuscript Collection Finding Aids

Finding aid only for Manuscripts Small Collection 2342.  Account book of Sam Sing, proprietor of a Chinese laundry in Bowling Green, Kentucky.  The book records types of garments and linens cleaned, and includes a price list printed in the 1880s.

Omnibus Proposal, Aicpa Professional Ethics Division, Interpretations And Definition, April 4, 2011, Comments Are Requested By June 5, 2011; Exposure Draft (American Institute Of Certified Public Accountants), 2011, April 4, American Institute Of Certified Public Accountants. Professional Ethics Executive Committee

Exposure Drafts, Comment Letters, and Statements of Position

No abstract provided.

Comment Letters On Omnibus Proposal, Aicpa Professional Ethics Division, Interpretations And Definition, April 4, 2011, American Institute Of Certified Public Accountants. Professional Ethics Executive Committee

Exposure Drafts, Comment Letters, and Statements of Position

No abstract provided.

Polishing Diamonds In The Rough: The Sources Of Syndicated Venture Performance, Sanjiv R. Das, Hoje Jo, Yongtae Kim

Accounting

Using an effort-sharing framework for VC syndicates, we assess how syndication impacts investment returns, chances of successful exit, and the time taken to exit. With data from 1980-2003, and applying apposite econometrics for endogeneity to these different performance measures, we are able to ascribe much of the better return to selection, with the value-addition by monitoring role significantly impacting the likelihood and time of exit. While the extant literature on Venture Capital (VC) syndication is divided about the relative importance of the "selection" and "value-add" hypotheses, we find that their roles are complementary.

Esteban Hernandez Esteve Inducted Into The Royal Academy Of Spanish Doctors, Academy Of Accounting Historians

Accounting Historians Notebook

No abstract provided.

Summary Of Survey Results On Academy Future Strategy And Initiatives, Gregory B. Waymire

Accounting Historians Notebook

No abstract provided.

Calls For Papers And Other Announcements; Accounting Historians Notebook: Call For Papers; Global History Of Accounting, Financial Reporting And Public Policy: Europe; Academy Of Accounting Historians 2011 Research Conference; Before And After Luca Pacioli: Call For Papers And Provisional Program; Accounting History Call For Research Proposals; Accounting History Review Conference: Announcement And Call For Papers; Accounting Renaissance: International Accounting Conference; 13th World Congress Of Accounting Historians: Call For Papers; Accounting History: The Seventh Accounting History International Conference; Call For Nominations: The Academy Of Accounting Historians Thomas J. Burns Biographical Research Award; Call For Nominations: The Academy Of Accounting Historians Hourglass Award; Call For Nominations: The Academy Of Accounting Historians Margit F. And Hanns-Martin Schoenfeld Scholarship; Call For Nominations: The Academy Of Accounting Historians Life Membership Award; Call For Nominations: The Academy Of Accounting Historians 2011 Vangermeersch Manuscript Award; Innovation In Accounting History Education Award Call For Nominations: The Academy Of Accounting Historians; Call For Editor: Applicants Sought For Editor(S) Of The Accounting Historians Journal, Academy Of Accounting Historians

Accounting Historians Notebook

No abstract provided.

Ole Miss Accountant – Spring 2011, University Of Mississippi. School Of Accountancy

Ole Miss Accountant

Cover story: Lectureship established to provide faculty support

Cpa Client Tax Letter, April/May/June 2011, American Institute Of Certified Public Accountants (Aicpa)

Newsletters

No abstract provided.

Accounting Historians Journal Selected For Jstor, Academy Of Accounting Historians

Accounting Historians Notebook

No abstract provided.

Accounting History Conferences Selected Accounting History Presentations, Academy Of Accounting Historians

Accounting Historians Notebook

No abstract provided.

Sydney School Of Accounting: 50th Anniversary, Frank L. Clarke

Accounting Historians Notebook

No abstract provided.

In Memoriam: Professor Iaroslav V. Sokolov, Vyacheslav Y. Sokolov

Accounting Historians Notebook

No abstract provided.

A "Glittering" Bubble: Where Is Gold, At A Record High, Heading Next?, Knowledge@Smu

Knowledge@SMU

Since 2000, the price of gold has surged more than four times to an all time high of more than US$1,400. Is it purely speculative demand that is driving this unprecedented, multi-year surge, or are there other factors at play? With gold at such a high level, is it time for investors to bet that it will drop? Tarun K. Tandon, CEO of FLS Corporation, shares his thoughts at a recent International Trading Institute@SMU seminar.

After The Year Of Two Halves: Outlook, Risks And Opportunities For 2011, Knowledge@Smu

Knowledge@SMU

The post-Lehman Brothers recovery in global financial markets may not have been as reassuring as investors hoped. Meanwhile, conflicts and natural disasters continue to cloud the overall outlook. Through it all, which are the sectors and asset classes to watch in 2011? Senior portfolio fund manager Ong Guat Cheng shares her personal take at SMU's Centre for Asset Securitisation and Management in Asia.

Divining The Merits And Pitfalls Of Dividends, Knowledge@Smu

Knowledge@SMU

Capital gains on stock investments are not always a given, but many companies make it a point to give their shareholders a steady flow of returns that do not require a sell. While such payouts are not as exciting as hitting that 'multi-bagger', here’s something more certain: over time, patient shareholders have more to reap. In 'The Little Book of Big Dividends', author Charles Carlson draws readers' attention to the merits and red flags of investing for dividends.

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

Newsletters

No abstract provided.

Other Accounting History Publications In Selected Journals, Academy Of Accounting Historians

Accounting Historians Notebook

No abstract provided.

Chance To Publicize Accounting History: Killer Colt: Murder, Disgrace, And The Making Of An An American Legend By Harold Schechter: Book Review, Richard G.J. Vangermeersch

Accounting Historians Notebook

No abstract provided.

Accounting History Journals Contents For 2010, Academy Of Accounting Historians

Accounting Historians Notebook

No abstract provided.

Has The Likelihood Of Appointing A Ceo With An Accounting/Finance Background Changed In The Post-Sarbanes Oxley Era?, Charles Cullinan, Pamela B. Roush

Accounting Department Faculty Journal Articles

Congress passed the Sarbanes–Oxley Act (SOX) in July 2002 to improve the accuracy and reliability of financial reporting. The Act increased boards of directors’ responsibilities for financial reporting and control. Did it consequently increase boards’ preferences for a CEO with financial experience to protect against the potential reputational and/or legal losses that directors incur when financial scandals happen? We investigated whether newly appointed CEOs in the post-SOX period were more likely to have accounting or finance experience than in the pre-SOX period. Using a sample of 264 CEO changes from 2001 to 2004, we found that the percentage of newly-appointed …

Equity Incentives And Earnings Management: Evidence From The Banking Industry, Qiang Cheng, Terry Warfield, Minlei Ye

Research Collection School Of Accountancy

We examine the relationship between equity incentives and earnings management in the banking industry. By focusing on this regulated industry and using industry-specific earnings management proxies, we provide evidence on the impact of regulation on earnings management arising from chief executive officers' equity incentives. We find that bank managers with high equity incentives are more likely to manage earnings, but only when capital ratios are closer to the minimums required by regulators. This finding indicates that, in the banking industry, potential regulatory intervention induces, rather than mitigates, earnings management arising from equity incentives.

2011 Ijbe Front Matter, Tamra Connor

International Journal for Business Education

1. Editorial Board
2. President's Letter
3. SIEC-ISBE International