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.
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 …
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.
Role Of Accounting In Managing Risk, Shyam Sunder
May 2014
Role Of Accounting In Managing Risk, Shyam Sunder
Shyam Sunder
No abstract provided.
Statistical Inference In Accounting Research, Shyam Sunder
Apr 2014
Statistical Inference In Accounting Research, Shyam Sunder
Shyam Sunder
No abstract provided.
Accounting And Control For Mbas, Shyam Sunder
Feb 2014
Accounting And Control For Mbas, Shyam Sunder
Shyam Sunder
No abstract provided.
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 …