Suchergebnisse

Purpose
– The paper aims to examine the influence of financial disclosure (FD) level and time on the value relevance of earnings, book value, and cash flows relative to three share price proxies, namely average annual share price, annual closing share price, and share price after a three-month period following the financial year-end for Jordanian companies.


Design/methodology/approach
– The paper employs price model to examine the influence of FD level and time on the value relevance of three accounting variables relative to three share price proxies for 91 Jordanian companies (consisting of 5,460 observations) within 2004-2009.


Findings
– Relative to three share price proxies, the findings proved that FD level and time have a significant influence on the value relevance of book value, but not for cash flows. Also, FD level and time have a significant influence on the value relevance of earnings relative to annual closing share price, while they are not relative to share price after a three-month period following the financial year-end. FD time has a significant influence on the value relevance of earnings relative to the average annual share price. Annual closing share price is the most reliable in indicating value relevance of accounting information.


Originality/value
– The paper confirms that there is a shift away from earnings towards book value as the basis for firm valuation. Market participants might be able to conclude the firm value through the value relevance of accounting information influenced by company's FD.

This instructional case considers the ethical issues in an actual legal case involving a Big 8 firm and a management consulting engagement. The engagement included the oversight of a forecast and an attestation service for the registration statement in an initial public offering. The objectives of the case are: to present an agency framework for the examination of ethical issues; to illuminate the obligations of full disclosure, the exercise of due care and the state of independence; to consider an ethical basis for the "deep-pockets" theory; and to provide a vehicle for ethical reasoning by students. The case is directed to a financial accounting course at the M.B.A. level, a professional development course or an upper-division undergraduate course.

The goal of the paper - to analyse the accounting policy conception, choice and disclosure in large Lithuanian companies. The aim of the research. Going to the main aim, we have to found out some objectives: v to discribe an accounting policy conception; v introduce with accounting theories, how they influence choices of accounting policies of large enterprises; v to analyze an accounting policy place in pozitive accounting theory; v to found out social approach to accounting policy; v valuat pozitive accounting theory's hypothesis in stock companies of Lithuania; v to analyze influence of stakeholders needs to accounting policy choices of large enterprises in Lithuania; v to determine the social approach of the large enterprises ant it's disclosure in Lithuania. Methods of the research. The general scientific methods of research: systematic analysis of scientific literature, deduction, comparison and interpratation. The theoretical enterprise's choice and disclosure of accounting policy methods in Lithuania was based on the application of the deduction method, e.g. when from the general description going to concrete hypothesis development. We using questionnaire method for hypothesis research. The main results of the paper. The following results are going from the research: 1. the bonus plan hypothesis was proven in Lithuanian large enterprises when was tested relation between choosen accounting policy methods, which increase profit of enterprise, and foreign researchers rates; 2. the leverage hypothesis was proven in Lithuanian large enterprises too when was tested relation between choosen accounting policy methods, which increase profit of enterprise, and debt/equity ratio; 3. the size hypothesis was rejected in Lithuanian large enterprises when was tested relation between choosen accounting policy methods, which decrease profit of enterprise, and foreign researchers rates: 4. when choosing accounting policy, large enterprises do not take into consideration needs of most stakeholders, such us customers, suppliers, employees and others stakeholders. Needs of the important stakeholders (investors, stockholders and especially enterprises managers who have stocks of this enterprise) are relevant for the enterprises when choosing accounting policy. The structure and the volume of the paper. The graduation paper consist of an introduction, 3 parts, and conclusions. The main material of the paper is 72 pages, 18 tables, and 9 figures.

The goal of the paper - to analyse the accounting policy conception, choice and disclosure in large Lithuanian companies. The aim of the research. Going to the main aim, we have to found out some objectives: v to discribe an accounting policy conception; v introduce with accounting theories, how they influence choices of accounting policies of large enterprises; v to analyze an accounting policy place in pozitive accounting theory; v to found out social approach to accounting policy; v valuat pozitive accounting theory's hypothesis in stock companies of Lithuania; v to analyze influence of stakeholders needs to accounting policy choices of large enterprises in Lithuania; v to determine the social approach of the large enterprises ant it's disclosure in Lithuania. Methods of the research. The general scientific methods of research: systematic analysis of scientific literature, deduction, comparison and interpratation. The theoretical enterprise's choice and disclosure of accounting policy methods in Lithuania was based on the application of the deduction method, e.g. when from the general description going to concrete hypothesis development. We using questionnaire method for hypothesis research. The main results of the paper. The following results are going from the research: 1. the bonus plan hypothesis was proven in Lithuanian large enterprises when was tested relation between choosen accounting policy methods, which increase profit of enterprise, and foreign researchers rates; 2. the leverage hypothesis was proven in Lithuanian large enterprises too when was tested relation between choosen accounting policy methods, which increase profit of enterprise, and debt/equity ratio; 3. the size hypothesis was rejected in Lithuanian large enterprises when was tested relation between choosen accounting policy methods, which decrease profit of enterprise, and foreign researchers rates: 4. when choosing accounting policy, large enterprises do not take into consideration needs of most stakeholders, such us customers, suppliers, employees and others stakeholders. Needs of the important stakeholders (investors, stockholders and especially enterprises managers who have stocks of this enterprise) are relevant for the enterprises when choosing accounting policy. The structure and the volume of the paper. The graduation paper consist of an introduction, 3 parts, and conclusions. The main material of the paper is 72 pages, 18 tables, and 9 figures.

ABSTRACT: TK Foods, Inc. is a leading online retailer of whole and organic foods, and while this company is doing well, management is struggling with accounting for income taxes. The case requires you to take the role of a consultant who has been hired to calculate the provision of income taxes and to create a template for the footnote disclosure using spreadsheet and word processing tools. Further, TK requires documentation regarding both the process and internal controls surrounding this calculation. This case will further your understanding of accounting for income taxes, expose you to a significant internal control problem faced by many corporations, and develop your spreadsheet skills from both computational and control standpoints.