Two elements of corporate governance — the strength of ethical executive leadership and the internal audit function (IAF hereafter) — provide guidance to accounting managers making decisions involving uncertainty. We examine the joint effect of these two factors, manipulated at two levels...

This paper highlights the problems in valuation that are inherent in the use of the pre-tax cost of capital and in other tax adjustments to the discount rate. The source of problems in relation to the pre-tax discount rate is clarified and examples are given to highlight the nature of the...

Within the growing literature on goodwill impairment testing under the IFRS framework, the topic of discount rate selection choice by reporting entities has been particularly controversial. Some previous researchers, notably Carlin & Finch (2009) have argued that there is credible evidence to...

Lonergan (2009) and Jindra and Voetmann (201'7 analyse comparative results from discounting post-tax cash flows at a post-tax discount rate versus discounting pre-tax cash flows at a pre-tax discount rate. While their results are correct within the context of their analysed examples, these...

Lonergan (2009) expounded that a proper valuation of equity or business cash flows should use post-tax cash flows discounted at a suitable post-tax discount rate. The use of pre-tax cash flows discounted at a pre-tax discount rate is not only fraught with difficulty, it is in some instances...

Purpose – The purpose of this paper is to provide a descriptive analysis of Balanced Scorecard (BSC) usage among companies on the Thai stock exchange; and to assess the performance effects of this BSC use.Design/methodology/approach – Sample organisations were surveyed through a questionnaire...

Purpose – The purpose of this paper is to review and synthesise current knowledge on the importance of intellectual capital (IC) information to the capital market.Design/methodology/approach – The paper is by way of literature review. It reviews the empirical research literature from...

Purpose – The purpose of this paper is to examine the association between earnings management and the gender of the firm's executives.Design/methodology/approach – Panel regressions of discretionary accruals on a set of female executive dummies and firm-specific controls.Findings – The...

The increasing number of students in business schools has resulted in a large population of students taking different accounting courses. It therefore creates a daunting challenge for tutors to undertake an effective assessment of students' knowledge in the various accounting topics. The paper...

I examine management's investment decision under the traditional amortization rules for intangible assets and that under the new rules such as IAS 36, IAS 38, and SFAS 142 where costs of purchased goodwill are subject to periodic impairment tests. I find that under the amortization rules, the...