Open Access. Powered by Scholars. Published by Universities.®
- Discipline
-
- Accounting Law (3)
- Business (3)
- Accounting (2)
- Business Law, Public Responsibility, and Ethics (2)
- Securities Law (2)
-
- Social and Behavioral Sciences (2)
- Business Organizations Law (1)
- Computer Engineering (1)
- Computer Law (1)
- Computer Sciences (1)
- Corporate Finance (1)
- Economic Policy (1)
- Economics (1)
- Electrical and Computer Engineering (1)
- Engineering (1)
- Forensic Science and Technology (1)
- Human Resources Management (1)
- Information Security (1)
- Intellectual Property Law (1)
- International Business (1)
- Law and Economics (1)
- Legal Studies (1)
- Physical Sciences and Mathematics (1)
- Public Affairs, Public Policy and Public Administration (1)
- Science and Technology Law (1)
- Institution
- Publication
- Publication Type
Articles 1 - 20 of 20
Full-Text Articles in Law
Do Accounting Rules Matter? The Dangerous Allure Of Mark To Market, Todd Henderson
Do Accounting Rules Matter? The Dangerous Allure Of Mark To Market, Todd Henderson
Todd Henderson
This paper examines the relative strength of two imperfect accounting rules: historical cost and mark to market. The manifest inaccuracy of historical cost is well known, and, paradoxically one source of its hidden strength. Because private parties know of its evident weaknesses they look elsewhere for information. In contrast, mark to market for hard-to-value assets has many hidden weaknesses. In this paper we show how it creates asset bubbles and exacerbate their negative collateral consequences once they burst. It does the former by allowing banks to adopt generous valuations in up-markets that increase their lending capacity. It does the latter …
Do Accounting Rules Matter? The Dangerous Allure Of Mark To Market, Todd Henderson, Richard Epstein
Do Accounting Rules Matter? The Dangerous Allure Of Mark To Market, Todd Henderson, Richard Epstein
Todd Henderson
This paper examines the relative strength of two imperfect accounting rules: historical cost and mark to market. The manifest inaccuracy of historical cost is well known, and, paradoxically one source of its hidden strength. Because private parties know of its evident weaknesses they look elsewhere for information. In contrast, mark to market for hard-to-value assets has many hidden weaknesses. In this paper we show how it creates asset bubbles and exacerbate their negative collateral consequences once they burst. It does the former by allowing banks to adopt generous valuations in up-markets that increase their lending capacity. It does the latter …
Do Accounting Rules Matter? The Dangerous Allure Of Mark To Market, Todd Henderson, Richard Epstein
Do Accounting Rules Matter? The Dangerous Allure Of Mark To Market, Todd Henderson, Richard Epstein
Todd Henderson
This paper examines the relative strength of two imperfect accounting rules: historical cost and mark to market. The manifest inaccuracy of historical cost is well known, and, paradoxically one source of its hidden strength. Because private parties know of its evident weaknesses they look elsewhere for information. In contrast, mark to market for hard-to-value assets has many hidden weaknesses. In this paper we show how it creates asset bubbles and exacerbate their negative collateral consequences once they burst. It does the former by allowing banks to adopt generous valuations in up-markets that increase their lending capacity. It does the latter …
Do Accounting Rules Matter? The Dangerous Allure Of Mark To Market, Todd Henderson
Do Accounting Rules Matter? The Dangerous Allure Of Mark To Market, Todd Henderson
Todd Henderson
This paper examines the relative strength of two imperfect accounting rules: historical cost and mark to market. The manifest inaccuracy of historical cost is well known, and, paradoxically one source of its hidden strength. Because private parties know of its evident weaknesses they look elsewhere for information. In contrast, mark to market for hard-to-value assets has many hidden weaknesses. In this paper we show how it creates asset bubbles and exacerbate their negative collateral consequences once they burst. It does the former by allowing banks to adopt generous valuations in up-markets that increase their lending capacity. It does the latter …
Do Accounting Rules Matter? The Dangerous Allure Of Mark To Market, Todd Henderson
Do Accounting Rules Matter? The Dangerous Allure Of Mark To Market, Todd Henderson
Todd Henderson
This paper examines the relative strength of two imperfect accounting rules: historical cost and mark to market. The manifest inaccuracy of historical cost is well known, and, paradoxically one source of its hidden strength. Because private parties know of its evident weaknesses they look elsewhere for information. In contrast, mark to market for hard-to-value assets has many hidden weaknesses. In this paper we show how it creates asset bubbles and exacerbate their negative collateral consequences once they burst. It does the former by allowing banks to adopt generous valuations in up-markets that increase their lending capacity. It does the latter …
How The Global Crime Syndicates Fuel Planet Destruction, Global Alliance
How The Global Crime Syndicates Fuel Planet Destruction, Global Alliance
Global Alliance
since 1945 more environmental planet destruction has been fuelled and financed with ever more leveraged debt than in the previous 60 million years - it's applied terrorism against the global life support system under the protection racket of a corrupt law profession
Designing Privilege For The Tax Profession: Comparing I.R.C. § 7525 With New Zealand’S Non-Disclosure Right, Keith A. Kendall
Designing Privilege For The Tax Profession: Comparing I.R.C. § 7525 With New Zealand’S Non-Disclosure Right, Keith A. Kendall
Keith A Kendall
The United States and New Zealand are the only two common law jurisdictions to have successfully extended attorney-client privilege to non-lawyer tax advisers. While aimed at the common goal of such an extension, the two statutory rules implement very different means to achieve this purpose; the United States importing the common law into statute, with New Zealand creating a completely separate statutory right. An examination of the context and legislative histories of the respective statutory provisions finds that these forms are consistent with the legislative approach to evidentiary privileges in each jurisdiction and is, therefore, appropriate in each case. Other …
Environmental Mitigation Aspects Of Water Resources In Geothermal Development: Using A Comparative Approach In Building A Law And Policy Framework For More Sustainable Water Management Practices In Canada, Kamaal Zaidi
Kamaal Zaidi
This paper examines environmental mitigation measures for water resources in the context of geothermal energy development among selected jurisdictions of the United States and New Zealand in the hopes of recommending a law and policy framework in Canada. These common law jurisdictions are chosen to reveal advances in the emerging area of geothermal law and policy. First, the geothermal energy process is explained, followed by a discussion of the legal aspects of geothermal energy development. Second, the benefits of geothermal law and policy are assessed from the experiences of the U.S. and New Zealand in terms of environmental mitigation measures …
Accounting For Intellectual Property?, Roya Ghafele
Accounting For Intellectual Property?, Roya Ghafele
Roya Ghafele
Accounting constitutes a very specific form of language, which is highly standardized, mathematical in nature and seeks to uniformly and systematically describe events while avoiding expressions of individual creativity or explicit political positions. In this sense, accounting is a social, cultural and historical artefact rather than a natural or technical phenomenon and can therefore be viewed as the decisive instrument to create and maintain imagined business communities. On the balance sheet, IP experiences a specific form of authorization. It is represented in the discourse of accounting by ‘intangibles’, an imprecise term associated with the increasingly observed ‘gap between the market …
Personal Bankruptcy And Tax Debt: An Examination Of The Usefulness Of Chapter 13 In Managing Irs Claims, Matthew Q. Mcpherson, Donald D. Hackney, Daniel L. Friesner, Candice L. Correia
Personal Bankruptcy And Tax Debt: An Examination Of The Usefulness Of Chapter 13 In Managing Irs Claims, Matthew Q. Mcpherson, Donald D. Hackney, Daniel L. Friesner, Candice L. Correia
Matthew Q McPherson
The bankruptcy code has been used, with varying degrees of success, to mitigate debtor obligations for certain classes of financial claims. Taxes are a unique class of claim. The IRS, as the enforcement tool of the Federal Government’s revenue generating operations, is armed with collection powers not available to ordinary creditors. These include, but are not limited to, liens, levies, attachments, assessment penalties, and, most significantly, the power to ignore debtor homestead protections. Bankruptcy can be very valuable to a debtor caught in an active IRS tax collection. For example, filing Chapter 13 bankruptcy stops the running of interest on …
Study Of Tourists’ Rights In Iran With Emphasis On Urban Tourist Rights, Ahmad Pourahmad, Ali Hosseini, Mohamad Shabanifard, Omid Soltanipour
Study Of Tourists’ Rights In Iran With Emphasis On Urban Tourist Rights, Ahmad Pourahmad, Ali Hosseini, Mohamad Shabanifard, Omid Soltanipour
ali hosseini
Achieving effective and organized development in the area of urban tourism activities is a wise and complex process and involves proper regard to all dimensions of tourists’ activities. Domestic and foreign tourists, once in urban spaces, enjoy all citizenship rights and urban management certainly involves directly or indirectly by providing their needs and solving their problems. Sometimes because of being away from their homelands, tourists would have more expectations than domestic citizens from city managers. And this level of expectations, would encounter urban management systems and institutions with a responsibility which could make the ecological and social system of the …
The Fox And The Ostrich: Is Gaap A Game Of Winks And Nods?, Arthur Acevedo
The Fox And The Ostrich: Is Gaap A Game Of Winks And Nods?, Arthur Acevedo
Arthur Acevedo
The fox is frequently described as sly, cunning and calculating in world literature. It is often associated with behavior that seeks advantage through trickery and pretext. The ostrich on the other hand, has been portrayed as cowardly and irrational. Its character defect is epitomized when it sticks its head in the sand at the first sign of trouble. The Financial Accounting Standards Board (FASB) can be described as the fox; the Securities Exchange Commission (SEC), the ostrich. This article examines the creation of accounting principles by the fox and the failure to govern by the ostrich. History demonstrates that the …
Recovery Of Interest On A Tax Underpayment Caused By A Tax Advisor's Negligence, Jacob L. Todres
Recovery Of Interest On A Tax Underpayment Caused By A Tax Advisor's Negligence, Jacob L. Todres
Jacob L. Todres
No abstract provided.
The Fox And The Ostrich: Is Gaap A Game Of Winks And Nods?, Arthur Acevedo
The Fox And The Ostrich: Is Gaap A Game Of Winks And Nods?, Arthur Acevedo
Arthur Acevedo
Abstract: The fox is frequently described as sly, cunning and calculating in world literature. It is often associated with behavior that seeks advantage through trickery and pretext. The ostrich on the other hand, has been portrayed as cowardly and irrational. Its character defect is epitomized when it sticks its head in the sand at the first sign of trouble. The Financial Accounting Standards Board (FASB) can be described as the fox; the Securities Exchange Commission (SEC), the ostrich. This article examines the creation of accounting principles by the fox and the failure to govern by the ostrich. History demonstrates that …
Corporate Risks, Risk Bearing Ability And Equity, Lukas C. Handschin
Corporate Risks, Risk Bearing Ability And Equity, Lukas C. Handschin
Lukas C Handschin
There is a relation between corporate risks, risk bearing ability and equity. In order to assess the risk bearing ability of a corporation, one reference figure is equity, understood as the sum of legal capital and reserves, free reserves and accrued profits. Equity shows the risk bearing ability related to the risk of asset reduction as well as the ability of the corporation to attract new liquidity by increasing debts, in case of a negative free cash flow. Equity is the risk reserve of the corporation. The relation between equity and risk bearing ability allows defining the necessary amount of …
Computer Forensics For Graduate Accountants: A Motivational Curriculum Design Approach, Grover S. Kearns
Computer Forensics For Graduate Accountants: A Motivational Curriculum Design Approach, Grover S. Kearns
Journal of Digital Forensics, Security and Law
Computer forensics involves the investigation of digital sources to acquire evidence that can be used in a court of law. It can also be used to identify and respond to threats to hosts and systems. Accountants use computer forensics to investigate computer crime or misuse, theft of trade secrets, theft of or destruction of intellectual property, and fraud. Education of accountants to use forensic tools is a goal of the AICPA (American Institute of Certified Public Accountants). Accounting students, however, may not view information technology as vital to their career paths and need motivation to acquire forensic knowledge and skills. …
Estimating Monopoly Power With Economic Profits, Michael A. Williams, Kevin Kreitzman, Melanie S. Williams, William M. Havens
Estimating Monopoly Power With Economic Profits, Michael A. Williams, Kevin Kreitzman, Melanie S. Williams, William M. Havens
Melanie S. Williams
Monopolization and attempted monopolization are prohibited by section 2 of the Sherman Act. Proving the existence of monopoly power, however, is problematic. While direct evidence is sometimes available, more often courts rely on indirect—and sometimes highly disputed—evidence that firms have obtained or attempted to obtain monopoly power. Courts have been reluctant to rely on direct evidence of supra-normal profits as proof of monopoly power because (1) accounting profits as recorded in firms’ financial statements differ from economic profits, which fundamentally determine whether a firm as monopoly power, and (2) short-term, supra-normal profits are not, by themselves, evidence that a firm …
An Examination Of The Government Accounting Standards Board, Christopher D. Jones
An Examination Of The Government Accounting Standards Board, Christopher D. Jones
CMC Senior Theses
This thesis examines the Government Accounting Standards Board by considering its history, current structure, and treatment of a current accounting standards debate. It then uses this examination to make recommendations as to reforms of the GASB and government accounting.
Backdated Stock Options Ownership Impact On The Corporation, Management, & Shareholders, Karen Cascini, Alan Delfavero
Backdated Stock Options Ownership Impact On The Corporation, Management, & Shareholders, Karen Cascini, Alan Delfavero
WCBT Faculty Publications
In the post-Sarbanes-Oxley Act (SOx) world, there has been an unprecedented crackdown on fraudulent activity occurring within corporate America. During recent years, many companies have granted stock options to their executives and employees as part of compensation packages. While the issuance of stock options as a component of compensation is considered to be a legal practice, corruption has taken this corporate resource to unlawful heights. Recently, numerous corporations have been in the news for potentially backdating stock options. Accordingly, the purpose of this paper is to distinguish between legal and illegal aspects of backdating stock options, and to examine the …
Heedless Globalism: The Sec's Roadmap To Accounting Convergence, William W. Bratton
Heedless Globalism: The Sec's Roadmap To Accounting Convergence, William W. Bratton
All Faculty Scholarship
The Securities Exchange Commission (SEC) has introduced a "Roadmap" that describes a process leading to mandatory use of International Financial Reporting Standards (IFRS) by domestic issuers by 2014. The SEC justifies this initiative on the grounds that global standardization yields cost savings and an ultimate gain in comparability, facilitating the search for global opportunities by u.s. investors and making u.s. capital markets more attractive to foreign issuers. This Article shows that the offered justification is inadequate. The SEC frames the matter as a choice between two institutional frameworks for standard setting, holding out high quality sets of standards, asking which …