Financial accounting standards require derivatives to be recognized at fair value with changes in value recognized … immediately in earnings. However, if specified criteria are met, firms may use an alternative accounting treatment, hedge … accounting, which is intended to better represent the underlying economics of firms' derivative use. Using FAS 161 disclosures, I …

Politicians frequently intervene in the regulation of financial accounting. Evidence from the accounting literature … shows that regulatory capture by special interests helps explain these interventions. However, many accounting rules have … perception of these consequences varies with a politician's ideology. Therefore, if accounting rules produce those consequences …

Politicians frequently intervene in the regulation of financial accounting. Evidence from the accounting literature … shows that regulatory capture by special interests helps explain these interventions. However, many accounting rules have … perception of these consequences varies with a politician's ideology. Therefore, if accounting rules produce those consequences …

This paper examines the association between conservatism and the value relevance of accounting information over the … 1975 through 2004 period. We measure conservatism using approaches developed in Penman and Zhang, The Accounting Review 77 …:237–264, (2002) and Beaver and Ryan, Journal of Accounting Research 38:127–148, (2000) and value relevance using (1) adjusted R2 from …

Pension accounting is anything but conservative since earnings can be protected from actuarial gains and losses. This …

Value relevance studies, which examine the relationship between accounting numbers and equity valuation, use market …' belief that accounting information needs to be made available before it can be discounted in market prices, this approach … supports the interpretation of value relevance as the ability of accounting numbers to capture value-relevant information that …

The purpose of this paper is to discuss the concept of measurement in financial accounting, starting with an … examination of the approach to measurement taken by the International Accounting Standards Board (IASB), followed by a summary of … various accounting theorists including Edwards and Bell, Chambers and Sterling. While agreeing generally with Sterling …