system of fiscal accountability developed by the Governmental Accounting Standards Board is too complex and technical for the …. The problem of governmental accounting complexity is treated as one of systemic nature due to the needs of a broad range …, and their opinions about the evolution of governmental accounting theory and practice. The third part of the study …

" process mitigates some departing CEOs' manipulations of earnings. Since agency theory predicts that management of accounting …" process mitigates some departing CEOs' manipulations of earnings. Since agency theory predicts that management of accounting …

market valuation of cash flow and accrual amounts. In particular, this study empirically examines the different valuation … weights that capital market participants attach to accrual-based versus cash flow-based measures when valuing intangible … reports no substantial difference in the value relevance of cash flow and accrual amounts in high and low tech industries. It …

This study examines whether accounting standards or institutional factors are the prime determinants of differences in … value relevance of accounting numbers across countries. The motivation for this study arises from ongoing accounting … investors support the need for comparability. Opponents, on the other hand, argue that efforts toward a common set of accounting …

between the appointment of the new CIO and subsequent improvement in the accounting measures of profitability. Findings reveal … between the appointment of the new CIO and subsequent improvement in the accounting measures of profitability. Findings reveal …

forecasts, thereby minimizing management's discretion in applying accounting principles and standards (Kwon 1996). This suggests … forecasts, thereby minimizing management's discretion in applying accounting principles and standards (Kwon 1996). This suggests …

accounting standards affects the comparability of financial reporting; (2) whether financial statement preparers exploit the … professional judgment in accounting standards in order to engage in earnings management. The study is motivated by former FASB … Chair Dennis Beresford's call for simple accounting standards which rely heavily on the exercise of professional judgment …