Small and Medium Sized Entities Management’s Perspective on Principles-Based Accounting Standards on Lease Accounting

Management Accounting Practices of (UK) Small-Medium-Sized Enterprises (SMEs)

Key conclusions • The emphasis on management accounting in SMEs tends to be on control information rather than aiding decision-making; there is a tendency to make decisions without adequate, or indeed any, financial information or analysis; • In smaller enterprises, the management accounting is often undertaken by the owner-manager/entrepreneur, resulting in significant opportunity costs. Where...

ECONOMIC CONSEQUENCES OF ACCOUNTING STANDARDS The Lease Disclosure Rule Change*

We examine capital structure changes to investigate the impact of SFAS No. 13 on lessees. While this accounting standard essentially rearranged capital lease disclosures (from footnotes to the balance sheet), mandated capitalization substantially altered key accounting ratios. Our results document a systematic substitution from capital leases to operating leases and nonlease sources of financin...

Impact of Cloud Computing on Business Process Outsourcing Case: Accounting in Small and Medium-sized Enterprises

Aalto University, P.O. Box 11000, FI-00076 Aalto www.aalto.fi Author Aleksandre Asatiani Name of the doctoral dissertation Impact of Cloud Computing on Business Process Outsourcing Publisher School of Business Unit Department of Information and Service Economy Series Aalto University publication series DOCTORAL DISSERTATIONS 154/2016 Field of research Information Systems Science Date of the def...

International Lease Accounting and Tax Consequences: The Hong Kong Perspective

A fundamentalist perspective on accounting and implications for accounting research

This paper presents a framework for addressing normative accounting issues for reporting to shareholders. The framework is an alternative to the emerging Conceptual Framework of the International Accounting Standards Board and the Financial Accounting Standards Board. The framework can be broadly characterized as a utilitarian approach to accounting standard setting. It has two main features. F...