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Selected Works

2007

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Articles 1 - 30 of 31

Full-Text Articles in Accounting

Monopoly Or Competition: Standard Setting In The Private And Public Sector, Shyam Sunder, Karim Jamal Dec 2007

Monopoly Or Competition: Standard Setting In The Private And Public Sector, Shyam Sunder, Karim Jamal

Shyam Sunder

Financial accounting standards in the U.S. are developed by private standard setting organizations (SSOs) that operate under the oversight of a government agency. The primary accounting SSO (FASB) has been criticized for writing too many standards (standards overload), the complexity of its standards, the processes by which its standards are set, and the absence of a competitive mechanism to help set standards. The present study seeks to assess the validity of these concerns by looking at standard setting processes in the broader economy. The study consists of three parts. In Section 1, we present some historical data on standard setting …

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Monopoly And Competition: Standard Setting In The Public And Private Sector, Shyam Sunder Nov 2007

Monopoly And Competition: Standard Setting In The Public And Private Sector, Shyam Sunder

Shyam Sunder

No abstract provided.

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Monopoly And Competition: Standard Setting In The Public And Private Sector, Shyam Sunder Nov 2007

Monopoly And Competition: Standard Setting In The Public And Private Sector, Shyam Sunder

Shyam Sunder

No abstract provided.

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Application Of Probabilistic Model By Rasch Measurement To Establish A Performance Index: A Case Study In Audits On Malaysian Institutions Of Higher Learning, Razimah Abdullah, Rosmawati Abd Halim, Azami Zaharim, Rozeha A Rashid, Mohd Saidfudin Masodi Oct 2007

Application Of Probabilistic Model By Rasch Measurement To Establish A Performance Index: A Case Study In Audits On Malaysian Institutions Of Higher Learning, Razimah Abdullah, Rosmawati Abd Halim, Azami Zaharim, Rozeha A Rashid, Mohd Saidfudin Masodi

Razimah Abdullah

Performance measurement has traditionally been determined using historical data to establish the ‘best fit line’. Measuring performance in an appropriate way is vital to ensure valid quality information can be generated for meaningful use. A matter of prime concern in organisational excellence is internal audit, a control mechanism against systems failures. This paper promulgate the attempt of a new approach in establishing a performance measurement based on the Plan-Execute-Report-Monitor (PERM) model, in this case the Audit Performance index; APi. Fakulti Kejuruteraan Elektrik, UTM (FKE) is certified to ISO9001:2000 and is subjected to audit of their engineering program effectiveness at planned …

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Corporate Investment And Analyst Pressure, Sébastien Michenaud Oct 2007

Corporate Investment And Analyst Pressure, Sébastien Michenaud

Sébastien Michenaud

This paper empirically investigates whether executives alter capital budgeting decisions to meet or beat analysts' earnings per share (EPS) consensus forecasts. I find that (i) firms reduce investment when analyst pressure to increase EPS is high and that (ii) firms increase their likelihood of meeting or beating annual or quarterly analysts' EPS consensus forecasts by reducing investment. Investment has a direct impact on EPS through depreciation expenses and collateral costs. The observed reduction in investment to meet forecast targets occurs primarily within firms with better investment opportunities, better governance, high CEO compensation, and high levels of opacity. This pattern is …

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Adverse Effects Of Accounting Uniformity On Practice, Education And Research, Shyam Sunder Oct 2007

Adverse Effects Of Accounting Uniformity On Practice, Education And Research, Shyam Sunder

Shyam Sunder

No abstract provided.

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Norms Standards And Failures In Accounting And Auditing: Rethinking Practice, Research And Education, Shyam Sunder Oct 2007

Norms Standards And Failures In Accounting And Auditing: Rethinking Practice, Research And Education, Shyam Sunder

Shyam Sunder

No abstract provided.

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International And National Standards And Norms Of Financial Reporting: Monopoly Or Competitive Coexistence, Shyam Sunder Oct 2007

International And National Standards And Norms Of Financial Reporting: Monopoly Or Competitive Coexistence, Shyam Sunder

Shyam Sunder

No abstract provided.

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Monopoly And Competition: Standard Setting In The Public And Private Sector., Shyam Sunder Oct 2007

Monopoly And Competition: Standard Setting In The Public And Private Sector., Shyam Sunder

Shyam Sunder

No abstract provided.

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Using Technology To Facilitate Learning In Large Sections Of Introductory Accounting, Paul Bahnson Sep 2007

Using Technology To Facilitate Learning In Large Sections Of Introductory Accounting, Paul Bahnson

Paul R. Bahnson

No abstract provided.

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International And National Standards And Norms Of Financial Reporting: Monopoly Or Competitive Coexistence, Shyam Sunder Aug 2007

International And National Standards And Norms Of Financial Reporting: Monopoly Or Competitive Coexistence, Shyam Sunder

Shyam Sunder

In recent decades, financial reporting has shifted away from reliance on social norms towards predominance of written standards enforced by authority. This change has influenced accounting thought, practice, regulation, instruction, and research. Moreover, monopoly jurisdiction of accounting standards has made it increasingly difficult to experiment with alternative methods, slowing the discovery of better methods of accounting. The so-called “fair” value standard is a result of this process. Letting standards compete would promote the development of better financial reporting and the restoration of a balance between the role standards and social norms play in financial reporting. 

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New Developments In Accounting, James Sander Aug 2007

New Developments In Accounting, James Sander

James F. Sander

No abstract provided.

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Accounting Scholarship As An Avocation, Shyam Sunder Aug 2007

Accounting Scholarship As An Avocation, Shyam Sunder

Shyam Sunder

No abstract provided.

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Auditor Liability Reforms In The Uk And The Us: A Comparative Review, Tim Bush, Stella Fearnley, Shyam Sunder Jul 2007

Auditor Liability Reforms In The Uk And The Us: A Comparative Review, Tim Bush, Stella Fearnley, Shyam Sunder

Shyam Sunder

The past decade has seen many changes in audit liability regimes of the US and the UK, and more may be on the way. These include LLP status for audit firms, proportional liability, and the introduction of various forms of liability caps through contract in engagement letters. These changes may affect audit quality, price and profitability, the organization of the market for audit services, as well as domestic and cross-national mechanisms for regulation of this market. What have been, or will be the consequences of these changes? Will the auditors, who advocate many of these reforms, benefit from them? Will …

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Solving The Problem Of Setting Efficient Accounting Standards And Increasing Complexity Through Regulatory Competition, Shyam Sunder Jul 2007

Solving The Problem Of Setting Efficient Accounting Standards And Increasing Complexity Through Regulatory Competition, Shyam Sunder

Shyam Sunder

No abstract provided.

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Norms, Standards And Failures In Accounting And Auditing: Rethinking Practice, Research And Education, Shyam Sunder Jul 2007

Norms, Standards And Failures In Accounting And Auditing: Rethinking Practice, Research And Education, Shyam Sunder

Shyam Sunder

No abstract provided.

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Regulation, Competition And Independence In A Certification Society: Financial Reports Vs. Baseball Cards, Shyam Sunder Jul 2007

Regulation, Competition And Independence In A Certification Society: Financial Reports Vs. Baseball Cards, Shyam Sunder

Shyam Sunder

No abstract provided.

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Why Competitive Standards, Shyam Sunder Jun 2007

Why Competitive Standards, Shyam Sunder

Shyam Sunder

No abstract provided.

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An Invitation To Accounting, Shyam Sunder May 2007

An Invitation To Accounting, Shyam Sunder

Shyam Sunder

No abstract provided.

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Taking Stock Of Espps, Greg Geisler, Timothy Farmer Apr 2007

Taking Stock Of Espps, Greg Geisler, Timothy Farmer

Greg Geisler

Millions of American workers are "leaving money on the table" because they don't take full advantage of employee stock purchase plans (ESPPs). Employees should purchase the maximum number of shares (at a discount) allowed under the plan and the most conservative strategy is to sell them immediately. This will increase the employee's wealth.

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Auditor Liability Reform In Uk And Us: Who Benefits?, Shyam Sunder Apr 2007

Auditor Liability Reform In Uk And Us: Who Benefits?, Shyam Sunder

Shyam Sunder

No abstract provided.

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Auditing And Competition: The Policy Dilemma, Shyam Sunder Apr 2007

Auditing And Competition: The Policy Dilemma, Shyam Sunder

Shyam Sunder

No abstract provided.

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Are Ifrss And Us Gaap Converging? Preliminary Evidence From Three European Union Countries, James Sander, Susan Hughes Mar 2007

Are Ifrss And Us Gaap Converging? Preliminary Evidence From Three European Union Countries, James Sander, Susan Hughes

James F. Sander

No abstract provided.

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The Impact Of Cultural Environment On Students' Abilities To Perform Analytical Procedures, James Sander, Susan Hughes, Charles Cullinan, Scott Higgs Mar 2007

The Impact Of Cultural Environment On Students' Abilities To Perform Analytical Procedures, James Sander, Susan Hughes, Charles Cullinan, Scott Higgs

James F. Sander

No abstract provided.

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The Urge To Merge: Accounting Firm Mergers, Mark E. Pickering Feb 2007

The Urge To Merge: Accounting Firm Mergers, Mark E. Pickering

Mark E Pickering

The article focuses on the significance of merger and acquisitions for accounting firms in Australia. According to the author, the expected benefits of mergers include geographic expansions, gaining scale, adding new services, gaining access to capabilities and addressing issues in one or both firms. It is stated that the possibilities of a successful merger can be developed through merger benefit adjustments, merger-fit and integration approach.

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Valuation And Classification Of Company Issued Cash And Share-Puts, William Terando Dec 2006

Valuation And Classification Of Company Issued Cash And Share-Puts, William Terando

William D. Terando

This paper examines whether investors’ valuations of cash and share-put warrants are influenced by their potential differential effect on firm solvency. It is motivated by the enactment of SFAS 150, which requires that all contingent put warrant obligations be classified as balance sheet liabilities regardless of put type. Consistent with the critics of SFAS150, we show that market participants differentially value cash and share-puts based on their solvency characteristics beyond the firm’s recorded assets and liabilities. Our results add to existing capital structure literature by suggesting that complex financial instruments (such as cash and share-puts) be reported separately from each …

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Lemonade 203 Computer Simulation, Pamela Rouse Dec 2006

Lemonade 203 Computer Simulation, Pamela Rouse

Pamela J. Rouse

No abstract provided.

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Tracking Performance: When Less Is More, Kathy Paulson Gjerde, Hughes S. Dec 2006

Tracking Performance: When Less Is More, Kathy Paulson Gjerde, Hughes S.

Kathy A. Paulson Gjerde

With or without a balanced scorecard, it is easy for managers to become inundated with metrics and measures. In this article, we first highlight the differences between lagging and leading measures. Second, we illustrate the importance of differentiating the strategic leading indicators-the key leading measures-from those that may improve operational efficiency without significant improvements in profitability. Third, we use a business simulation to demonstrate that focusing on and improving the key leading measures has the greatest impact on profitability, but getting lost in the secondary measures dilutes the effect. Combined, the results illustrate that less may be more when it …

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An Empirical Study Of The Sources Affecting E-Business Value Creation In Jordanian Banking Services Sector, Philadelphia University Dec 2006

An Empirical Study Of The Sources Affecting E-Business Value Creation In Jordanian Banking Services Sector, Philadelphia University

Philadelphia University, Jordan

No abstract provided.

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Yuri Ijiri Obituary Dec 2006

Yuri Ijiri Obituary

Shyam Sunder

No abstract provided.

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