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Is There Any Scientific Basis for Accounting? Implications for Practice, Research and Education

Basu, Sudipta - 2016

This essay is based on a keynote speech at the 2014 Journal of International Accounting Research (JIAR) Conference. That talk was built upon a 2009 American Accounting Association (AAA) annual meeting panel presentation titled “Is there any scientific legitimacy to what we teach in Accounting...

Persistent link: https://www.econbiz.de/10013003887

The Social Value of FASB

Waymire, Gregory B.; Basu, Sudipta - 2021

Ramanna (this issue) argues that the FASB’s new Conceptual Framework deemphasizes reliability in favor of representational faithfulness to facilitate the FASB’s promotion of an “asset-liability” approach measured at fair values. More importantly, Ramanna argues that this change is likely...

Persistent link: https://www.econbiz.de/10013215996

The social value of FASB

Waymire, Gregory B.; Basu, Sudipta - In: Accounting, Economics, and Law : AEL ; a convivium 12 (2022) 2, pp. 153-180

Persistent link: https://www.econbiz.de/10013261776

Asymmetric Loan Loss Provision Models

Basu, Sudipta - 2020

Large net loan charge-offs are frequently associated with large decreases in nonperforming loans and large increases in loan loss provisions, inducing a V-shaped relation between loan loss provisions and nonperforming loan changes. Failure to model the asymmetry attributable to net loan...

Persistent link: https://www.econbiz.de/10012849920

Asymmetric Loan Loss Provision Models

Basu, Sudipta - 2020

Persistent link: https://www.econbiz.de/10012824641

Insurance : In or Out of the “Too Difficult” Box?

Grace, Martin Francis; Basu, Sudipta - 2022

IFRS 17 requires a significant change to insurer accounting, and we look at some of the frictions resulting from its … implementation. We make three points. First, since IFRS 17 is a principles-based standard, it will be costly to implement. Audit … industries. Third, we conduct an event study of specific announcements regarding IFRS 17 promulgation and implementation. We find …

Persistent link: https://www.econbiz.de/10013293589

Economic Determinants and Consequences of the Proactive Disclosure of Internal Control Weaknesses and Remediation Progress in IPO

Basu, Sudipta - 2017

This study investigates (a) why some IPO firms proactively disclose internal control weaknesses (ICWs) and remediation progress in their prospectuses before going public, despite being exempt from the requirements of Sections 302 and 404 of the Sarbanes-Oxley Act at the time of IPO, and (b) the...

Persistent link: https://www.econbiz.de/10012956635

Implications of Impairment Decisions and Assets’ Cash-Flow Horizons for Conservatism Research

Banker, Rajiv D. - 2016

Accountants examine multiple indicators when assessing whether individual assets are impaired. Different indicators predict cash flows over varying time horizons, and their importance varies with how far into the future individual assets are expected to generate cash flows. We predict that...

Persistent link: https://www.econbiz.de/10013006688

Discussion of Enforceable Accounting Rules and Income Measurement by Early 20th Century Railroads

Basu, Sudipta - 2016

Sivakumar and Waymire examine differences in the properties of US railroads' reported earnings before and after concurrent changes in accounting rules and rate regulations. Although the accounting rules were intended to combat income smoothing, Sivakumar and Waymire find little evidence that...

Persistent link: https://www.econbiz.de/10013006523

Conservatism research : historical development and future prospects

Basu, Sudipta - In: China journal of accounting research : CJAR 2 (2009) 1, pp. 1-20

Over the last decade, there has been much empirical research on Chinese accounting conservatism. This research started with Ball, Robin and Wu (2000) that was one of the first papers to apply modern research methods to Chinese data. In this paper, I survey the early research on conservatism to...

Persistent link: https://www.econbiz.de/10011823399