... SFAS 142 is an error of judgment by the FASB. Moreover, the business press (Rockness et al., 2001 ; Henry and Kopecki, 2004) and Ramanna (2008) indicate that SFAS 142 is a political byproduct of the issuance of Statement of Financial Accounting Standards No. 141: Business...

...Edward M. Werner Purpose The purpose of this paper is to examine, in the context of movement towards a fair‐value based pension accounting standard, the value relevance of both recognized and disclosed pension accounting information. Design/methodology/approach Using hand‐collected data from...

... persist despite the use of common accounting standards and that legal and regulatory country characteristics as well as market forces could still have a significant impact on the value relevance of accounting data. IFRS Accounting standards Intangible assets Goodwill Prices Returns Europe...

...Li Xu; Alex Tang Purpose The purpose of this paper is to examine the timing and the determinants of electing Statement of Financial Accounting Standard (SFAS) No. 159 in the banking industry. Design/methodology/approach The authors hypothesize certain factors that will potentially affect banks...

... Standards Board's pending adoption of Statement of Financial Accounting Standards No. 158 (SFAS 158). Design/methodology/approach Using logistic regression models, the paper compares 147 “freeze firms” with a matched sample of firms that did not announce a DB plan freeze. Empirical models control...

... of the classificatory discretion pervasive in other non‐GAAP earnings metrics. © Emerald Group Publishing Limited 2010 Earnings Financial reporting Accounting standards United States of America The usefulness of the current US generally accepted accounting principles (GAAP) earnings measure has...

... 404‐related technology is presented in Appendix 1. The sample distribution by year is provided in Tables I‐II . The list of the firms included in our sample and the event dates are provided in Appendix 2. © Emerald Group Publishing Limited 2010 Accounting standards Financial control...

... Union Accounting standards Financial reporting European directives Consistent with earlier studies, this study documents that during the test period DSFs are usually negative, with companies being more likely to write‐off net expenses or losses than gains to the shareholders' equity. These flows...

... of high‐quality accounting standards and corporate governance. Design/methodology/approach The study covers 46 developed and emerging market countries that are classified into four groups: Advanced, Asian, Central and Eastern European and Latin American. In order to eliminate the adverse effects...

...Claire Eckstein; Ariel Markelevich; Alan Reinstein Purpose The purpose of this paper is to examine the impact of firms using derivatives applying Statement of Financial Accounting Standards (SFAS) No. 133. It aims to measure the magnitude of cumulative effects of changes in accounting principle...

... as the stock market effect of the announcement of the IIL and the exclusion of goodwill amortization. After many years of controversy, the Financial Accounting Standard Board (FASB) finally issued Statements 141 and 142 on July 20, 2001 (Financial Accounting Standard Board, 2001a , b). The two statements...

... boards compared with 12 per cent on violator boards. © Emerald Group Publishing Limited 2008 Corporate governance Accounting standards Core et al. (1999) find that firms with weak governance structures have more agency problems than do firms with strong boards. They find...

... to address the development of accounting standards. Design/methodology/approach The approach is to use the fuzzy‐analytical‐hierarchical‐process (FAHP), recently developed by de Korvin and Klyele. Uncertainty in assigning priorities and the use of semantic variables lead naturally to the inclusion...