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Developing International Accounting Standards — The SEC's 20-Year Journey (June 1995‒December 2015) : Part 2 (August 2006‒December 2015)

Roybark, Helen M. - 2016

Cross-border investment opportunities soared in the late 1980s and 1990s, resulting in a call to harmonize accounting standards. For the past twenty years, the U.S. Securities and Exchange Commission (SEC or Commission) has invested significant resources in support of achieving a high quality...

Persistent link: https://www.econbiz.de/10012986792

Commonality of Accounting Standards and Investment Beauty Contests

Jiang, Xu; Tang, Chao; Zhang, Gaoqing - 2021

We study the optimal level of commonality of accounting standards when firms' investments exhibit beauty-contest features as in, e.g., Arya and Mittendorf (2016). We model more commonality of accounting standards as more correlated noises in firms' reports, consistent with the "more harmonized"...

Persistent link: https://www.econbiz.de/10013242677

IFRS or IFRS-based Domestic Standards : Implications for China’s Future Accounting System

Draz, Muhammad Umar - 2013

China should continue its IFRS-based domestic accounting standards or full convergence with the IFRS is more appropriate … model indicate that China's accounting reforms, including convergence with the IFRS, are significantly associated with the … the Chinese government) this study proposes that China should continue its IFRS-based domestic accounting standards and …

Persistent link: https://www.econbiz.de/10013090389

Bridging Financial Reporting Research and Policy : A Discussion of 'The Impact of Accounting Standards on Pension Investment Decisions'

Cascino, Stefano - 2019

Barthelme et al. (2018) examine the real effects of pension accounting regulation and provide evidence consistent with the claim that recent changes in financial reporting rules affect pension asset allocation decisions. Their study offers an interesting opportunity to highlight the importance...

Persistent link: https://www.econbiz.de/10012898210

Enforcement of Accounting Standards : How Effective is the German Two-Tier System in Detecting Earnings Management?

Böcking, Hans-Joachim - 2015

statements of capital market oriented companies by requiring IFRS since 2005. Regarding enforcement of financial reporting, the …

Persistent link: https://www.econbiz.de/10013038285

Rules-based vs. Principles-based Accounting Standards : Earnings Quality and the Role of Earnings in Contracting (An Analysis employing the adoption of ASC 606)

Lee, Kyungran - 2020

We examine the effect of the adoption of the new revenue recognition standard (ASC 606) on earnings quality and the role of earnings in the debt market. We find that ASC 606, a transition from a rules-based to a principles-based accounting standard, decreases earnings predictability, which is...

Persistent link: https://www.econbiz.de/10012842105

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

Real Effects of Governmental Accounting Standards : Evidence from GASB Statement No. 53 - Accounting and Financial Reporting for Derivative Instruments

Khumawala, Saleha B. - 2020

GASB Statement No. 53, Accounting and Financial Reporting for Derivative Instruments, (GASB 53) significantly altered U.S. governmental sector accounting of derivative instruments by mandating the recognition of hitherto off-balance sheet derivative instruments in the government-wide statement...

Persistent link: https://www.econbiz.de/10012823877

Capital Structure Effects Associated with the New Lease Accounting Standard

Ferreira, Petrus (Petri); Landsman, Wayne R.; Rountree, … - 2022

This study finds that the requirement of ASC 842 for firms to capitalize operating leases in financial statements beginning in 2019 resulted in firms affected by the standard reducing existing debt amounts on average between 7% and 10% relative to unaffected firms. We also find that firms with...

Persistent link: https://www.econbiz.de/10013404182

Perceptions of professionals interested in accounting and auditing about acceptance and adaptation of global financial reporting standards

Bozkurt, Orhan; İslamoğlu, Mehmet; Öz, Yaşar - In: Journal of economics, finance & administrative science 18 (2013) 34, pp. 16-23

uniform global set of standards which will be applicable in finance. Before 2000, in the case of a preference between IFRS … accept U.S. Generally Accepted Accounting Principles (US GAAP) as reference. Today, great majority of the world takes IFRS as … accounting and auditing see significant advantages in the application of IFRS. Accountants and auditors think that in case IFRS …

Persistent link: https://www.econbiz.de/10011872220