Accounting Commons^™

The State Of Financial Literacy In Tennessee: Do Students Need Higher Quality Financial Education?, Jordan Barnes

Honors Theses

Financial literacy is the way that individuals understand, manage, and plan their personal finances, which is essential to making healthy financial decisions. In the United States, there is an overall lack of financial literacy. Some states, such as Tennessee, have tried to increase financial literacy by implementing a required personal finance course at the high school level. The purpose of this study is to understand the effectiveness of personal finance education in Tennessee high schools by measuring the financial literacy of college students who may or may not have been impacted by the requirement. When students were separated into Group …

Stock Price Contagion Effects Of Low-Quality Audits At The Individual Audit Partner Level, Ferdinand A. Gul, Chee Yeow Lim, Kun Wang, Yanping Xu

Research Collection School Of Accountancy

We use Chinese audit partner data to show that partners associated with financial reporting fraudinduce share price declines among non-fraudulent firms audited by the same audit partners. In cross-sectionalanalyses, we find that share price declines are more pronounced when low-quality partners (LQPs) failed to issuemodified audit opinions during the period in question and when the LQPs were from one of the Top 10 audit firms.Additional analyses show that investors impose larger penalties on contagion firms when fraudulent firms are largerand the time lapse between sanction and fraud commitment is shorter. The personal characteristics of LQPs (exceptgender) do not cause a …

Debt Heterogeneity And Covenants, Yun Lou, Clemens A. Otto

Research Collection School Of Accountancy

Coordination failure among owners of heterogeneous debt types increases distress costs. Covenants reduce expected distress costs by lowering the probability of liquidity shortages, increasing liquidation values, and incentivizing creditor monitoring. We predict and find that new debt contracts include more covenants when borrowers' existing debt structures are more heterogeneous. Our findings suggest that covenants are not only used to address creditor-shareholder conflicts but also to reduce the expected costs of coordination failure among creditors. Further, our results indicate a dynamic component missing from static debt structure models: Debt heterogeneity entails additional covenants (i.e., constraints) when raising future debt.

Recommendations From Sec’S Plain English Handbook: Perspectives From Behavioral Research, Clarence Goh

Research Collection School Of Accountancy

The SEC published the plain English handbook in 1998 with the objective of providing preparers of financial disclosures with a guide to using well-established techniques to create clearer and more informative disclosure documents. The handbook provides various recommendations to preparers of disclosure documents. In this study, I examine and systematically synthesize the extent behavioural research literature that investigates the impact of implementing these recommendations on investors. I do so by developing a framework to systematically examine relevant studies. Overall, the analysis provides important insights from a behavioural perspective into how and why investors react to various recommendations in the SEC’s …

Codification Of Statements On Auditing Standard, Numbers 122 To 135, As Of May 2019, American Institute Of Certified Public Accountants (Aicpa)

AICPA Professional Standards

No abstract provided.

Opinion Shopping To Avoid Going Concern Audit Opinion And Subsequent Audit Quality, Heesun Chung, Catherine Heyjung Sonu, Yoonseok Zang, Jong-Hag Choi

Research Collection School Of Accountancy

Despite regulatory concerns over opinion shopping (OS) behavior, there exists little systematic evidence on the prevalence and consequences of OS to avoid a going concern opinion (GCO). Using Lennox's (2000) framework to identify OS, we find that distressed firms successfully engage in OS to avoid a GCO. Moreover, clients engaging in OS exhibit a higher ex post Type II error rate in audit opinions than clients that do not, and the higher Type II error rate is salient for clients switching auditors for OS but not for clients retaining auditors for OS. We continue to find this asymmetric effect of …

Inversed Learning In An Intermediate Accounting Course, Ashley B. Bentley

Electronic Theses and Dissertations

Students enrolled in accounting courses often struggle because of the complexity of the topic. Accounting instructors have searched for effective means of fostering student success, but the learning process continues to change. Critical thinking and problem solving abilities are vital for students and future professionals. Thus, teaching should not be limited to the transmission of information. By moving the dissemination of basic knowledge outside the classroom inversed learning allows class time for deep dives into complex topics and hands-on activities. Students who are actively involved in learning tend to be more successful in the classroom.

The purpose of this study …

The Evolution Of Technology In Auditing, Alexandra Roberti

Senior Honors Projects

The intention of this project is to learn about the technological changes that are impacting the auditing process. The audit is changing due to technological advances. In order for audit firms to stay competitive and keep their clients, they need to adhere to these changes. The purpose of auditing is to examine and verify that a company’s financial statements have been prepared in accordance with generally accepted accounting principles. Audit firms are adopting many methods of change in terms of technological progression. Innovations such as inventory drones and Robotic Procession Automation (RPA) have had major impacts in this field. It …

Much Ado About Audit Opinions, Themin Suwardy

Research Collection School Of Accountancy

In a commentary, SMU Associate Professor of Accounting (Practice) and Dean of Postgraduate Professional Programmes Themin Suwardy opined that with a better understanding of the various types of modified audit opinions, investors can react appropriately to the news of companies failing to get a clean opinion. He added that investors should ask tougher questions about key audit matters at annual general meetings in order to get a more rounded and informed picture of a company’s financial and operating status.

Essays On Networks And Corporate Finance, Tatiana Salikhova

Graduate Theses and Dissertations

In my dissertation I explore how personal networks affect firms’ financial decisions. In the first essay, I study how social connections among divisional managers affect the capital allocation to divisions in diversified conglomerates. In contrast to the previous studies, I focus on the horizontal connections or connections formed among managers of the same level of corporate hierarchy. I show that connections among divisional managers lead to higher sensitivity of segment capital spending to segment’s growth opportunities, higher firm-level allocation efficiency and higher firm value. Additionally, firms tend to strategically assign better-connected managers to these segments, and connections help to reduce …

Spring Meeting Of The Council Of The American Institute Of Certified Public Accountants, May 19-21, 2019, Washington, Dc. With Index, Volume 1, American Institute Of Certified Public Accountants. Council

Association Sections, Divisions, Boards, Teams

No abstract provided.

A Strategic Audit Of Tesla, Inc., Cody Mccain

Honors Program: Senior Projects (Public)

After Tesla completed its first every back to back profitable quarters at the end of 2018, sales started to decline in the first quarter of 2019 and many question if the company would every be profitable. Through a strategic audit of Tesla and the electric vehicle industry several key factors have been identified to help improve Tesla’s profitability. Analysis tools used to analyze the company and the industry include Porter’s Five Forces, SWOT Analysis, and PEST Analysis. At the conclusion of the audit there are three recommendations given to help improve Tesla’s strategy. First it is recommended that Tesla focuses …

Checklists And Illustrative Financial Statements : Not-For-Profit Entities, April 30, 2019, American Institute Of Certified Public Accountants (Aicpa)

Industry Guides (AAGs), Risk Alerts, and Checklists

No abstract provided.

Financial Reporting: A Comprehensive Evaluation Of Accounting Methods And Applications, Parker Morgan

Honors Theses

This paper serves as a collection of the case studies assigned by Dr. Victoria Dickinson throughout the Professional Research and Development Thesis Program. Each of the twelve case studies presented within this thesis pertains to a different topic or problem regarding the application of accounting standards, financial reporting, or accounting methods. Additionally, this report displays the application of accounting problems to real-life situations, thus incorporating various subjects, such as investments, economics, accounting, and risk advisory. By promoting the use of group-related assignments, this course stimulated teamwork and classroom collaboration. Because of this, students were able to enhance their communication and …

Navigating The Grey Areas Within Financial Reporting: A Composition Of Case Studies, Annabelle Fortune

Honors Theses

The following thesis consists of a composition of case studies that I wrote under the guidance of Dr. Victoria Dickinson. Over two semesters, Dr. Dickinson advised my peers and me to work through a dozen case studies covering a variety of financial accounting concepts. For most of the cases, we were presented with information and pertinent data about a company, then a series of questions for us to answer would follow. While many of the questions were objective in nature, some of the questions allowed us to be creative and provide our own recommendations to the problems presented. Aside from …

The Tax Cuts And Jobs Act Hurts Single Parents With Children Pursuing A College Education, Michelle S. Freeman, Alyssa Reed

ETSU Faculty Works

This article highlights some instances where the Tax Cuts and Jobs Act (TCJA) increased taxes for single parents at the moment their children are pursuing a college education. The article further recaps education credits that were saved (but not increased) by the TCJA and a deduction that was lost. The authors also discuss an implication of the TCJA that could cause the burden on families sending children to college to increase further. Finally, the article captures items that legislators could enact to relieve the additional burden on families with students pursuing a college education.

A Survey Of Financial Accounting Reporting, Charles Upton

Honors Theses

This thesis takes a survey of key accounting issues and concepts addressed in financial accounting reporting. Accountancy majors of the Sally McDonnell Barksdale Honors College were given a chance to complete their thesis before their internship of senior year by taking two classes over junior year. This thesis was constructed under the guidance of Dr. Vicki Dickinson in this discussed class. The thesis itself is a compilation of twelve different accounting cases, and each case studies various area of financial reporting.

Honors Accounting Thesis, Robert Loeb

Honors Theses

This thesis consists of nine case studies that involved analyzing the financial statements of both domestic and international companies. These analyses examined a number of accounting related issues and key management decisions regarding accounting policies. The cases required the consideration of management’s responsibility to report accurately and completely the financial results of operations in regard to accounting policy decisions pertaining to financial statement presentation, bad debt expense recognition, and capital asset depreciation. In addition, the cases explored other current topics in accounting such as the convergence of U.S. Generally Accepted Accounting Principles with International Financial Reporting Standards and the implementation …

The Impact Of Audit Engagement Partner Disclosure On Audit Outcomes In The United States, J. Alan Bell

PhD in Business Administration Dissertations

ABSTRACT

THE IMPACT OF AUDIT ENGAGEMENT PARTNER DISCLOSURE ON AUDIT OUTCOMES IN THE UNITED STATES

by

James Alan Bell

This study is motivated by the Public Company Accounting Oversight Board’s (PCAOB) mandate requiring the public disclosure of the audit engagement partner’s identity. Prior to the ruling, the audit engagement partner (AEP) was known only to the company’s management, audit committee, audit firm, and regulators. The PCAOB maintains that disclosure of the AEP will increase the partner’s sense of accountability; and increase transparency in the audit process; leading to improved audit quality; and improved financial reporting quality; thereby improving the credibility …

Ann Hopkins Papers., Beth S. Harris

Finding Aids: Guides to the Collections

This is a collection of personal and professional papers related to the Hopkins v. Price Waterhouse (Wash., D.C. Federal District Court) and Price Waterhouse v. Hopkins (U. S. Supreme Court) cases. The final decision capped a seven-year battle against Hopkins’ employer for gender discrimination and her final victory in 1990 helped to expand workplace discrimination laws to include gender stereotyping.

The collection date ranges from 1967-2001 and includes correspondence, court documents, materials related to the book So Ordered: Making Partner the Hard Way (University of Massachusetts Press, c1996), newspaper and periodical publications, photographs, and a scrapbook.

Additional personal correspondence (1965-1989) …

Book Review: Seeds Of Greatness By Denis Waitley, Jennifer Maynard

Marriott Student Review

Book review of Seeds of Greatness by Denis Waitley, personal anecdotes and summaries of research on the secrets to success in life and in the business world.

Book Review: The Innovator's Method, Jennifer Ann Goldsberry

Marriott Student Review

No abstract provided.

Take The Busy Out Of Business, Sarah Romney

Marriott Student Review

No abstract provided.

The Genius Of Good Questions, Matthew Erickson

Marriott Student Review

No abstract provided.

Beginning Of The New Smartphone Era, Braden Terry

Marriott Student Review

No abstract provided.

Executive Spotlight: Whitney Johnson, Andrea Cabrera

Marriott Student Review

No abstract provided.

The Futurist, Ryan Stenquist

Marriott Student Review

Ubiquitous self-driving cars, robot workers, and massive political shifts may seem far away and irrelevant to our day to day lifestyles. However, Mr. Schenker proves that these changes are fast-approaching and come as timely responses to the problems and opportunities of today.

Buzzwords, Michaela Tanne

Marriott Student Review

No abstract provided.

Cultural Intelligence In Business Settings, Tanner Wegrowski

Marriott Student Review

No abstract provided.

Why Following Your Passion Might Not Be Right For You, Hunter Muse

Marriott Student Review

No abstract provided.