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The Role of Fair Value Accounting in the Global Financial Crisis : Evidence from U.S. Global Systemically Important Banks
Song, Guoxiang - 2014
Fair value accounting has been argued as one contributing factor to the recent global financial crisis occurred from 2007 to 2008. However, recent empirical studies find no significant evidence for this role of fair value accounting. One reason for this inconsistency comes from the weaknesses of...
Persistent link: https://www.econbiz.de/10013063697
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Current Expected Credit Loss Standard and Bank Lending Procyclicality : Evidence from the US Housing Market
Chen, Yi-Chun; Lin, Tse-Chun; Yang, Donghe - 2023
to take a forward-looking approach to recognizing life-of-loan losses upon loan origination. Using bank mortgage approval … booms. Overall, our findings suggest that CECL adoption reduces bank lending procyclicality …
Persistent link: https://www.econbiz.de/10014351167
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Firm Characteristics Influencing Responses Towards Adoption of the Fair Value Accounting Option : A Survey of Chief Financial Officers of U.S. Firms
Daniel, Shirley - 2010
This paper examines the opinions of Chief Financial Officers (CFOs) of public companies in the U.S. with respect to the choice of fair value accounting for non-financial assets. Based on 209 surveyed firms, we first show that the majority of CFOs are resistant to fair value accounting for...
Persistent link: https://www.econbiz.de/10013146189
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Selective Trading of Available-for-Sale Securities : Evidence from U.S. Commercial Banks
Dong, Minyue - 2017
This paper examines the selective trading of available-for-sale (AFS) securities by U.S. banks after the implementation of fair value accounting under Statement of Financial Accounting Standards No. 115, Accounting Standards Codification (ASC) Topic 320. Our findings suggest firms still engage...
Persistent link: https://www.econbiz.de/10012976189
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Review on tax research in accounting : is the information given by U.S. GAAP income taxes also provided by IFRS?
Frey, Lisa; Engelhard, Lisa - 2017
IFRS standards and offer which we believe are interesting avenues for future research on the information on tax notes … provided by IFRS financial statements. …
Persistent link: https://www.econbiz.de/10011849270
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So Similar, yet So Different : Comparing the US GAAP and IFRS Experience at Eliciting Greater Transparency on Pension Asset Disclosures
Anantharaman, Divya - 2020
, one under US GAAP and the other under IFRS, which have one key difference — while both changes mandate improvements to the … outcomes between these two changes. We find that the IFRS disclosure standard is effective at improving pension asset …
Persistent link: https://www.econbiz.de/10012828794
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Differences between new IFRS and US GAAP lease standards and their effects on publicly listed companies
Winiarska, Karolina - In: Financial internet quarterly 16 (2020) 2, pp. 14-23
solutions. Despite the joint effort, there are some discrepancies between promulgated IFRS 16 and ASC 842. In the article they …
Persistent link: https://www.econbiz.de/10012284876
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Why Haven’t U.S. GAAP and IFRS on Insurance Contracts Converged? Evidence from an Unsuccessful Joint Project
Burke, Qing - 2019
This study examines the FASB's and IASB's unsuccessful joint project on accounting for insurance contracts. It highlights the divergent views the Boards may hold on certain fundamental accounting issues. Further, this study examines how the costs and benefits of accounting standard convergence...
Persistent link: https://www.econbiz.de/10012866048
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The Political Economy of International Standard Setting in Financial Reporting : How the United States Led the Adoption of IFRS Across the World
Kavame Eroglu, Zehra G. - 2019
. Currently around 120 countries require or permit International Financial Reporting Standards (IFRS), however, the United States … is yet to make a decision to adopt these international standards.The adoption of IFRS in the United States would, in … theory, be easier compared to the experience of the European Union. The EU mandated that all publicly traded firms use IFRS …
Persistent link: https://www.econbiz.de/10012900528
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Did the FASB Codification Reduce the Complexity of Applying U.S. GAAP?
Binz, Oliver; Hills, Robert; Kubic, Matthew - 2021
We examine whether the Financial Accounting Standards Board (FASB) Codification reduced financial reporting complexity by making it easier for preparers to locate and apply relevant accounting guidance. We find that areas of U.S. GAAP with more dispersed and voluminous guidance before the...
Persistent link: https://www.econbiz.de/10013321733