Accounting Commons^™

Why Hedge? Extent, Nature, And Determinants Of Derivative Usage In U.S. Municipalities, Saleha Khumawala, Ranasinghe, Tharindra, Claire J. Yan

Research Collection School Of Accountancy

Using a hand-collected dataset of over 300 observations of large U.S. cities and counties, this paper investigates the extent, nature and determinants of derivatives usage in the municipal sector. Over half of our sample entities engage in derivative transactions and a vast majority of these transactions are intended to manage interest rate risk. Swaps, by far, are the most popular derivative instrument. In terms of the determinants of derivative usage, we find that the propensity to use derivatives as well as the extent of derivative usage is higher for municipalities that are larger and more financially constrained. We do not …

Financial Health And Corporate Performance: A Comparison Of Manufacturing Companies In China And India, See Liang Foo, Shaakalya Pathak

Research Collection School Of Accountancy

The People’s Republic of China (China) and India are two leading economies in Asia Pacific. This study examines the relationship between the financial health, as measured by the Altman Z-Score, and corporate performance, as measured by the Return on Equity (ROE), of listed manufacturing companies in these two markets. A linear regression was conducted between these variables to determine the magnitude and direction of their relationships. The trends of Z-Scores over a fourteen-year period are also analysed. The analysis covers the period from 2000 to 2013 (inclusive) and yielded a statistically positive correlation between ROE and the Z-Score for both …

The Effect Of Ceo Stock-Based Compensation On Pricing Of Future Earnings, Bobae Choi, Jae Bum Kim

Research Collection School Of Accountancy

This paper examines whether CEO stock-based compensation has an effect on the market’s ability to predict future earnings. When stock-based compensation motivates managers to share their private information with shareholders, it will expedite the pricing of future earnings in current stock prices. In contrast, when equity-compensated managers attempt to temporarily manipulate the stock price to maximize their own benefit rather than that of shareholders, the market may not fully anticipate future performance. We find that a CEO’s stock-based compensation strengthens the association between current returns and future earnings, indicating that more information about future earnings is reflected in current stock …

Entrepreneurship: The Why And How Of Starting Your Own Business, Braiden Coleman

Undergraduate Honors Capstone Projects

What resources are available to the new entrepreneur? How do I know if my business idea is a good idea? What are the tax advantages of starting your own business? My research answers each of these questions in addition to many other questions the new entrepreneur might have. Part of my research insights were gained by experiential learning: I took a business idea of my own and took it through several key processes such as business idea generation, business model creation, market research, and advertising. I sought to learn more about the resources available to the new entrepreneur. In addition …

The Opm Data Breach: Lessons Learned, Michael Wheat

Undergraduate Honors Capstone Projects

In 2015 the federal government announced the largest data breach in United States government history. The Office of Personnel Management (OPM) was hacked, and the personal information of more than 25 million American people was lost to foreign attackers. This incident has spawned concern and outrage about the security of government data in the emerging digital age.

Moving forward from the breach questions remain about how this event happened. It's clear that there were weaknesses that were taken advantage of by malicious threats abroad, and investigations into the attack have yielded surprising results. Not only was the security in place …

Seeking Peace Of Mind: A Case Study Combining Ethics And Accounting, Lauren Ghahremani

Accounting Undergraduate Honors Theses

The purpose of this research has been to create original work in the form of a case study that educators and accounting students can benefit from during daily exercises in accounting ethics courses.

Short-Term Incentive Effects Of Temporary Full Capital Asset Expensing, John David Patrick Witesman

Dissertations - ALL

The Tax Relief, Unemployment Compensation Reauthorization, and Job Creation Act of 2010 (2010 Tax Relief Act) temporarily modified capital asset expensing provisions, increasing the allowed bonus depreciation percentage from 50% to 100%. The legislative intent of the provision was to encourage capital investment by firms, although prior research suggests that capital expenditures did not increase during the availability of 30% or 50% bonus depreciation. I find that the availability of 100% bonus depreciation significantly increases the likelihood that firms increase capital expenditures, as well as increases the magnitude of capital expenditures. Overall, my evidence highlights how temporary changes in capital …

Mandatory Financial Reporting And Voluntary Disclosure: The Effect Of Mandatory Ifrs Adoption On Management Forecasts, Xi Li, Holly I. Yang

Research Collection School Of Accountancy

This study examines the effect of the mandatory adoption of International Financial Reporting Standards (IFRS) on voluntary disclosure. Using a difference-in-difference analysis, we document a significant increase in the likelihood and frequency of management earnings forecasts following mandatory IFRS adoption, consistent with the notion that IFRS adoption alters firms' disclosure incentives in response to increased capital-market demand. We find the increase to be larger among firms domiciled in code-law countries, suggesting a catching-up effect among firms facing low disclosure incentives pre-adoption. We then propose and test three channels through which IFRS adoption could alter firms' disclosure incentives: improved earnings quality, …

Mandatory Financial Reporting And Voluntary Disclosure: The Effect Of Mandatory Ifrs Adoption On Management Forecasts, Xi Li, Holly I. Yang

Research Collection School Of Accountancy

This study examines the effect of the mandatory adoption of International Financial Reporting Standards (IFRS) on voluntary disclosure. Using a difference-in-difference analysis, we document a significant increase in the likelihood and frequency of management earnings forecasts following mandatory IFRS adoption, consistent with the notion that IFRS adoption alters firms' disclosure incentives in response to increased capital-market demand. We find the increase to be larger among firms domiciled in code-law countries, suggesting a catching-up effect among firms facing low disclosure incentives pre-adoption. We then propose and test three channels through which IFRS adoption could alter firms' disclosure incentives: improved earnings quality, …

Checklists & Illustrative Financial Statements, Not-For-Profit Entities, April 30, 2016, American Institute Of Certified Public Accountants (Aicpa)

Industry Guides (AAGs), Risk Alerts, and Checklists

No abstract provided.

An Empirical Investigation Into The Adoption Rates Of Abc In The United States, Samantha House

Honors Theses

No abstract provided.

Smith Brothers Store - Russell County, Kentucky (Mss 585), Manuscripts & Folklife Archives

Manuscript Collection Finding Aids

Finding aid only for Manuscripts Collection 585. Three account books from the Smith Brothers Stores located in Fonthill and Irvin’s Store, Russell County, Kentucky. Also includes some information about the estate of Robert Pierce Smith.

Employers’ Perspectives Of The Ideal Accounting Graduate: Is Accounting Curriculum Consistent With Employer Requirements?, Mary K. Mccreight

Honors Theses

No abstract provided.

Initial Public Offerings (Ipos), Kevin Keller

Celebrating Scholarship & Creativity Day (2011-2017)

As an investor, the first rule is to never get caught up in your emotions. There are thousands of different (exciting) investment opportunities in today’s world, and some of them tend to be a bit riskier than others. These consist of stocks, bonds, certificates of deposit, mutual funds, exchange-traded funds, and several others. However, where do most of these investment tools originate? In order for a stock to be publicly traded on the stock exchange, it must undergo what it called an initial public offering (which I will refer to as an IPO). Since the primary objective is to raise …

Student Debt: Impact On Student Choices, Kelsey Cavanaugh

Celebrating Scholarship & Creativity Day (2011-2017)

In 2010 student loans became the second largest portion of US debt. Today, the estimated total is 1.4 trillion. Over the last decade the average debt per student has increased 56%, which is double the inflation rate for that period. The graduating class of 2014 left college with an average of about $29,000 of debt. Lastly, the number of federal borrowers today is 7.5 million and growing. This presentation examines how student debt affects students’ spending choices after college and what has changed in these patterns over the last decade.

Accounting Information Systems: Ethics, Fraudulent Behavior, And Preventative Measures, Jasmine S. Smith

Honors College Theses

Most business organizations have implemented Accounting Information Systems to improve efficiency and to help optimize use of company resources. The evolution of Information Technology within financial and accounting processes has brought new ethical issues, forms of fraudulent behavior, and mechanisms to prevent compromising confidential, sensitive, and personal information. This investigation focuses on the evolution of Accounting Information Systems and their controls for limiting fraud and misconduct in financial and accounting processes.

Accounting For The Government Funding Of Non-Profits And The Planned Parenthood Federation Of America, Rachel E. Brown

Senior Honors Theses

Accounting creates a framework for providing transparency in an organization. This foundation is especially important in not-for-profit entities because government grants and contributions often compose significant portions of overall revenues and receipts. An overview of non-profit standards and the government system of distributing funds provides insight into non-profits as a whole and enables the study of specific organizations. As the nation’s largest provider of abortion and family planning services, the Planned Parenthood Federation of America is an especially important organization to study and understand. It receives significant funds from federal and state governments and should receive equally significant evaluation by …

Corporate Social Reponsibility Reporting: Industry Comparisons, Yu Cao

Honors Theses

According to the shareholder theory, the sole social responsibility of a company is to increase its profits and shareholders’ value (Friedman, 1970). However, the stakeholder theory states that a company owes the social responsibility to a wider group of stakeholders (Donaldson & Preston, 1995). Stakeholders refer to any person or group which can affect or be affected by the actions of a business, such as employees, customers, suppliers, creditors, competitors and the wider community. Around the world, more and more firms are increasing their engagement in corporate social responsibility (hereafter, CSR) and exploit CSR as the center of their corporate …

Increasing Auditor Sensitivity To The Risk Of Fraudulent Financial Reporting: Assessing Incentives And Pressures On Top Management, Donald Wengler

USF Tampa Graduate Theses and Dissertations

The ability of auditors to detect fraud, including intentional material misstatements in earnings, remains key to the credibility of audit firms and confidence in capital markets. The PCAOB concludes from its most recent inspections of public company audits that auditors often fail to assess and respond to risks of material misreporting by management. In a behavioral experiment, this study concludes that auditors can increase sensitivity to management motivation to misreport by actively seeking to transform identified risk factors focused on the organization, into factors focused on top managers, and to evaluate whether these manager-focused risk factors represent incentives for personal …

Thought Leaders: Faculty Who Shape Business Theory And Practice Through Research

Business Exchange

Profiles of seven DePaul professors and the research they are conducting in areas as diverse as work-life balance and investor behavior: James D. Shilling, Real Estate Studies; R. David McLean, Investment Management; Kelly Richmond Pope, Accountancy; Andrew Gallen, Marketing; Alyssa J. Westring, Management; William Sander, Economics; and Misty Johanson, Hospitality Leadership.

Teaching Accounting Appreciation At The British Museum And In Your Classroom, J. Riley Shaw, Dale L. Flesher

Accounting Historians Notebook

Every year the University of Mississippi offers an accountancy study abroad class in London, England. The title of the graduate-level class is “The Development of Accounting Thought.” The class is intended to help the students think about how accounting started as a discipline and about accounting’s contributions to society. One of the highlights of that trip is the visit to the British Museum to examine the cuneiform documents. This visit to the British Museum and the cuneiform exhibit serves to focus the students’ attention on accountancy’s contributions to the ancient world and to modern society.

Morgan Library & Museum In New York City

Accounting Historians Notebook

While celebrating the centennial events at the American Accounting Association annual meeting this August in New York City, you may want to consider a visit to the historic Morgan Library.

President’S Message, Robert Colson

Accounting Historians Notebook

History is currently being made in the context of our own Academy of Accounting Historians. After 42 years as an independent scholarly organization, the board and membership voted at our August 2015 meetings to authorize the officers to pursue a merger with the American Accounting Association, transforming the Academy into a section of the AAA.

Recent Books Published By Academy Members; When In Rome...

Accounting Historians Notebook

History of Management Accounting in Japan Institutional & Cultural Significance of Accounting Hiroshi Okano; Historical Critique Of Currently Accepted Accounting Theory Izumi Watanabe

Call For Award Nominations

Accounting Historians Notebook

Nominations deadline for all awards: June 1, 2016

Corrections And Clarifications: Academy Of Accounting Historians Membership Report

Accounting Historians Notebook

Academy of Accounting Historians Membership Report

Accounting Historians Notebook, 2016, Vol. 39, No. 1 (April) [Whole Issue]

Accounting Historians Notebook

April issue

University Of Mississippi To House Reproduction Of Kenneth Macneal's Scrapbook

Accounting Historians Notebook

Kenneth MacNeal is widely known for his 1939 book, Truth in Accounting, which was strongly critical of generally accepted accounting principles and advocated market value accounting. He kept a massive scrapbook in connection with that work and with a critical article he was commissioned to write for Fortune magazine, which was yanked just prior to publication.

Academy Activities At The American Accounting Association Annual Meeting

Accounting Historians Notebook

Celebration of the Century Celebrating the AAA’s Centennial Year August 6-10, 2016; CPE WORKSHOP: ACCOUNTING HISTORY PERSPECTIVES

14th World Congress Of Accounting Historians, June 25-27, 2016, Pescara, Italy, Academy Of Accounting Historians

Accounting Historians Notebook

Much time has passed since the “Fourth International Congress of the History of Accountancy” was successfully organized in Pisa in 1984 by Tito Antoni. The University Gabriele d’Annunzio and its Department of Management and Business Administration are proud to host the 2016 World Congress of Accounting Historians, which will take place in Pescara, the trendy Italian seaside resort. Supported by the Italian Society