1. The IMF paper on this subject is greatly to be welcomed as a resolution of this issue is overdue. The IMF paper presents a summary of the different positions and includes a useful numerical example. This note is written in response to the IMF paper, including some comments on the example. The conclusions reached in this paper are very different from those of the IMF. I remain convinced that ...

The goal of this paper is to identify key financial and accounting variables that can accurately classify Green IT leaders against Green IT followers. The detailed objectives are: (i) to build and compare single and meta classifiers to identify the relationship between environmental performance and financial performance; (ii) to select and interpret a final prediction model with a smaller set o...

We predict and find that accounting restatements induce economically meaningful share price declines among non-restatement firms in the same industry. These price declines are most pronounced among non-restatement firms with low accounting quality, as measured by industry adjusted accruals. Our results are consistent with the notion that accounting restatements cause investors to reassess the c...

Prior studies have portrayed accounting conservatism as a tool that enables boards to perform their monitoring duties. We develop a model that suggests that the empirical association between conservatism and governance can also run in the opposite direction —only well-governed firms with suffi cient monitoring in place can fully utilize the benefits of conservative accounting. In our setting, c...

Recent highly publicized ethical breaches including those at Enron and WorldCom have focused attention on ethical behavior within the accounting profession. At the heart of the debate is whether ethical attitudes of accountants are to blame. Using a nationally representative sample of accounting practitioners and a multidisciplinary student sample at two Southern United States universities, we ...

The major functions of company accounting identified by the IASB and the FASB are (1) reporting on ‘the custody and safekeeping’ of the company’s resources and (2) reporting on ‘their efficient and profitable use’. The joint IASB/FASB project for improving the conceptual framework for financial reporting is directed towards better performance of both functions within the conventional ‘accrual’ ...

The purpose of this study is to provide a macroeconomic analysis of fiscal policy in the Czech Republic during the transformation period 1989-1995. In contrast to those studies which are based on “decline accounting”, disentangling different factors from each other and ascribing to them specific roles in the overall decline, this study focuses exclusively on fiscal policy and tries to identify ...

This paper exclusively reports the efficiency of AISINMACA. AIS-INMACA has created good impact on solving major problems in bioinformatics like protein region identification and promoter region prediction with less time (Pokkuluri Kiran Sree, 2014). This AIS-INMACA is now came with several variations (Pokkuluri Kiran Sree, 2014) towards projecting it as a tool in bioinformatics for solving many...

In this paper, we empirically evaluate two views on the relation between product market competition and conditional accounting conservatism. One view is that intense product market competition increases bankruptcy risk and consequently, exacerbates shareholder-bondholder conflict of interest and enhances the likelihood of litigation. In response, both bondholders and auditors demand a higher le...

accounting is a social knowledge which is inherently related to the environment, values and economic, social and cultural norms of the society where it is used.thus it is better to consider the requirements, conditions and qualities of the target society when using the theoretical framework and standards of financial reporting. therefore, according to some researchers, the unconditional use of ...