The Experts below are selected from a list of 75024 Experts worldwide ranked by ideXlab platform
Richard Mergenthaler - One of the best experts on this subject based on the ideXlab platform.
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rules based Accounting Standards and litigation
The Accounting Review, 2012Co-Authors: Dain C Donelson, John M Mcinnis, Richard MergenthalerAbstract:ABSTRACT: Some claim that rules-based Accounting Standards shield firms from litigation, while others argue that violations of detailed rules give plaintiffs a “roadmap” to successful litigation. We inform this debate by investigating whether rules-based Standards are associated with the incidence and outcome of securities class action litigation. Overall, our results suggest that rules-based Standards are associated with a lower incidence of litigation but are not associated with litigation outcomes. These results are of interest in the debate regarding the switch from a more rules-based U.S. GAAP to a more principles-based IFRS. JEL Classifications: K22, K41, M41.
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rules based Accounting Standards and litigation
Social Science Research Network, 2012Co-Authors: Dain C Donelson, John M Mcinnis, Richard MergenthalerAbstract:Some claim that rules-based Accounting Standards shield firms from litigation, while others argue that violations of detailed rules give plaintiffs a “roadmap” to successful litigation. We inform this debate by investigating whether rules-based Standards are associated with the incidence of securities class action litigation. Overall, our results suggest that rules-based Accounting Standards are associated with a lower incidence of litigation. These results are of interest in the debate regarding the switch from a more rules-based U.S. GAAP to a more principles-based IFRS.
Yuri Biondi - One of the best experts on this subject based on the ideXlab platform.
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harmonising european public sector Accounting Standards epsas issues and perspectives for europe s economy and society
Social Science Research Network, 2014Co-Authors: Yuri BiondiAbstract:Accounting systems play a hidden but fundamental role as mode and instrument of representation, coordination and organisation for the public sector and its specific public action. Therefore, financial and Accounting reforms transform, implement and reshape public policies as well as the working and very existence of public administration. Last March 2013, the European Commission started a relevant project with the intention to create harmonised “European Public Sector Accounting Standards” (EPSAS) and implement them in the Member States. Between 1995 and 2002, a similar project was already achieved for private sector Accounting Standards-setting, leading to adoption and implementation of International Financial Reporting Standards (IFRS) issued by International Accounting Standards Board (IASB). The EPSAS project should decide if public sector Accounting Standards-setting shall follow a similar pattern to converge towards the International Public Sector Accounting Standards (IPSAS) that transplant the IFRS in the public sector. This choice may have fundamental implications for the European (Monetary) Union, since public sector Accounting and public finances are fundamental elements of its institutional framework. This thematic issue aims to provide analyses and perspectives on this ongoing public sector Accounting harmonisation process in Europe, addressing its governance and contents, as well as its consequences and implications for Europe’s economy and society.
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old hens make the best soup Accounting for the earning process and the iasb fasb attempts to reform revenue recognition Accounting Standards
Accounting in Europe, 2014Co-Authors: Yuri Biondi, Eiko Tsujiyama, Jonathan Glover, Nicole T Jenkins, Bjorn N Jorgensen, John M Lacey, Richard MacveAbstract:AbstractBy developing a synthesis of documents that have been released officially under the revenue recognition project jointly run by the International Accounting Standards Board and Financial Accounting Standards Board, this article points out that the earning generation and realization process over time (that is to say, the traditional Accounting model) is in reality still playing an important role without losing its raison d'etre. Although this model is supposed to have been consistently rejected since the outset on the premise of the adoption of the assets and liabilities approach amid the Boards' attempt to establish a new revenue recognition model, this article aims to reconfirm the significance and validity of this earning process – that is, the corporate process of generating and realizing earnings over time – as the representational focus of Accounting for revenue recognition. Through an internal critique, our article summarizes and discusses successive Boards' proposals under the same asset–lia...
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should business and non business Accounting be different a comparative perspective applied to the french central government Accounting Standards
International Journal of Public Administration, 2012Co-Authors: Yuri BiondiAbstract:The French General Law of Finances of 2001 introduced a set of Accounting Standards including an explicit conceptual framework reconciling accrual basis Accounting with the specific aspects of Accounting for central government activities. This article analyzes this French set of Accounting Standards from a dualistic perspective that compares both business and non-business Accounting. Three different views of Accounting for business enterprises are addressed: the wealth-basis (static), the cash-basis, and the accrual-basis (dynamic). A dynamic view of the accrual basis is adapted to the specificities of non-business entities, including governments. The Accounting representation is used here to explore further the nature and role of public sector activities within the economic system and their economic and monetary significance.
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socio economic impacts of international Accounting Standards an introduction
2007Co-Authors: Yuri Biondi, Tomo SuzukiAbstract:‘Why discuss Accounting in Socio-Economic Review?’ ‘Because Accounting constructs socio-economic reality.’ ‘How?!’ ‘Theoretically speaking, there should be many ways of doing “account-ing” - an act of explaining business realities to multiple stakeholders of socio-economies. Practically speaking, however, the current trend is to use “Fair Value Accounting” which is considered to be useful particularly for investors, and this is now being globally standardized.’ ‘What are the impacts of such new Accounting on wider stakeholders and on the socio-economy at large?’ ‘Many aspects of our life may have been undemocratically administrated without being noticed, because the Fair Value Accounting is presumed to be fair, while it is not.’ In order to promote discussions over how our socio-economies should be accounted for, this paper introduces, in a reader-friendly manner, problems of the International Accounting Standards (IAS) and the International Financial Reporting Standards (IFRS), and calls for diverse perspectives of future research.
Dain C Donelson - One of the best experts on this subject based on the ideXlab platform.
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rules based Accounting Standards and litigation
The Accounting Review, 2012Co-Authors: Dain C Donelson, John M Mcinnis, Richard MergenthalerAbstract:ABSTRACT: Some claim that rules-based Accounting Standards shield firms from litigation, while others argue that violations of detailed rules give plaintiffs a “roadmap” to successful litigation. We inform this debate by investigating whether rules-based Standards are associated with the incidence and outcome of securities class action litigation. Overall, our results suggest that rules-based Standards are associated with a lower incidence of litigation but are not associated with litigation outcomes. These results are of interest in the debate regarding the switch from a more rules-based U.S. GAAP to a more principles-based IFRS. JEL Classifications: K22, K41, M41.
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rules based Accounting Standards and litigation
Social Science Research Network, 2012Co-Authors: Dain C Donelson, John M Mcinnis, Richard MergenthalerAbstract:Some claim that rules-based Accounting Standards shield firms from litigation, while others argue that violations of detailed rules give plaintiffs a “roadmap” to successful litigation. We inform this debate by investigating whether rules-based Standards are associated with the incidence of securities class action litigation. Overall, our results suggest that rules-based Accounting Standards are associated with a lower incidence of litigation. These results are of interest in the debate regarding the switch from a more rules-based U.S. GAAP to a more principles-based IFRS.
Phillip C Stocken - One of the best experts on this subject based on the ideXlab platform.
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Accounting Standards regulatory enforcement and innovation
Journal of Accounting and Economics, 2017Co-Authors: Volker Laux, Phillip C StockenAbstract:Abstract We examine the effects of Accounting Standards and regulatory enforcement on entrepreneurial innovation and social welfare. When the entrepreneur issues a financial report that violates the Accounting Standards, a regulatory agency may detect the violation and bring charges. We find that when regulatory penalties are relatively insensitive to the magnitude of the violation, optimal Standards are sufficiently low that they induce full compliance, and increase as the intensity of enforcement increases. In contrast, when regulatory penalties are sensitive to the magnitude of the violation, optimal Standards induce non-compliance and decline as the intensity of enforcement increases.
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Accounting Standards regulatory enforcement and innovation
Social Science Research Network, 2017Co-Authors: Volker Laux, Phillip C StockenAbstract:We examine the effects of Accounting Standards and regulatory enforcement on entrepreneurial innovation. We find that an entrepreneur's incentive to discover innovative projects is an inverted U-shaped function of the stringency of the Accounting Standards. Further, we highlight conditions under which the stringency of the Standards and the intensity of regulatory enforcement are substitutes or complements for driving innovation. In this light, we advocate the careful coordination of standard-setting and regulatory enforcement to heighten innovation and social welfare.
John M Mcinnis - One of the best experts on this subject based on the ideXlab platform.
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rules based Accounting Standards and litigation
The Accounting Review, 2012Co-Authors: Dain C Donelson, John M Mcinnis, Richard MergenthalerAbstract:ABSTRACT: Some claim that rules-based Accounting Standards shield firms from litigation, while others argue that violations of detailed rules give plaintiffs a “roadmap” to successful litigation. We inform this debate by investigating whether rules-based Standards are associated with the incidence and outcome of securities class action litigation. Overall, our results suggest that rules-based Standards are associated with a lower incidence of litigation but are not associated with litigation outcomes. These results are of interest in the debate regarding the switch from a more rules-based U.S. GAAP to a more principles-based IFRS. JEL Classifications: K22, K41, M41.
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rules based Accounting Standards and litigation
Social Science Research Network, 2012Co-Authors: Dain C Donelson, John M Mcinnis, Richard MergenthalerAbstract:Some claim that rules-based Accounting Standards shield firms from litigation, while others argue that violations of detailed rules give plaintiffs a “roadmap” to successful litigation. We inform this debate by investigating whether rules-based Standards are associated with the incidence of securities class action litigation. Overall, our results suggest that rules-based Accounting Standards are associated with a lower incidence of litigation. These results are of interest in the debate regarding the switch from a more rules-based U.S. GAAP to a more principles-based IFRS.