The Decision Usefulness of Financial Accounting Measurement Concepts: Evidence from an Online Survey of Professional Investors and Their Advisors

2009 ◽  
Author(s):  
Joachim Gassen ◽  
Kristina Schwedler
Keyword(s):  
Online Survey ◽  
Financial Accounting ◽  
Decision Usefulness ◽  
Accounting Measurement

AN ACCOUNTANT'S EDUCATION

2003 ◽  
Vol 30 (1) ◽  
pp. 155-196 ◽  
Author(s):  
George J. Staubus
Keyword(s):  
20Th Century ◽  
Accounting Standards ◽  
Financial Accounting ◽  
University Of Chicago ◽  
Financial Accounting Standards Board ◽  
Decision Usefulness ◽  
Market Simulation ◽  
Broad Field ◽  
The University

This is a review of how various experiences in my career have contributed to my understanding of accounting. I recall the circumstances surrounding several of my efforts towards the development of accounting theories, viz. (1) decision-usefulness theory, (2) activity costing, and (3) market simulation accounting, as well as my excursion into (4) market association research in seeking to validate decision-usefulness theory and (5) a search for the effects of firms' economic environments on the development of enterprise accounting in the 2nd millennium, C.E. I give my impressions of several of the important players in the evolution of accounting thought in the 20th century with whom I was closely associated, such as Vatter, Moonitz, Chambers, and Sterling, as well as other prominent figures in the broad field of accounting. Some of my gains from associations with three institutions—the American Accounting Association, The University of Chicago, and the Financial Accounting Standards Board—are identified. I conclude with a few summary thoughts on what I have learned.

scholarly journals Whither the Concept of Income?

2019 ◽  
Vol 9 (1) ◽  
Author(s):  
Shizuki Saito ◽  
Yoshitaka Fukui
Keyword(s):  
Balance Sheet ◽  
Accounting Standards ◽  
Conceptual Foundation ◽  
Decision Usefulness ◽  
Center Stage ◽  
Accounting Measurement ◽  
Income Measurement

Abstract Since the 1970s, the decision-usefulness has taken center stage and our attention has been concentrated on valuation of assets and liabilities instead of income measurement. The concept of income, once considered the gravitational center of accounting has lost its primacy and become a byproduct of the balance sheet derived from the measurement of assets and liabilities. However, we have not been equipped with robust conceptual foundation supporting theoretically reasoned accounting measurement. It is not only theoretically but also practically important to renew our seemingly waned interest in the concept of income because ongoing reforms of accounting standards cannot be successfully implemented without a sound understanding of the concept of income.

scholarly journals Corporate Tax Preferences: Identification and Accounting Measurement

2013 ◽  
Vol 36 (1) ◽  
pp. 89-103 ◽  
Author(s):  
James J. Musumeci ◽  
Richard C. Sansing
Keyword(s):  
Financial Reporting ◽  
Financial Accounting ◽  
Corporate Tax ◽  
Effective Tax Rate ◽  
Rates Of Return ◽  
Tax Rate ◽  
Tax Preference ◽  
Accounting Measurement ◽  
Long Run ◽  
Preference Measure

ABSTRACT This study evaluates the relation between a firm's long-run cash effective tax rate (ETR) and the extent to which a corporation's projects are tax-favored or tax-disfavored. We first derive a measure of the extent to which a project is tax-favored that is independent of the project's financial accounting treatment. We argue that our measure, which focuses on the present value of the government's tax collections from the project, is superior to the traditional measure that compares the pretax and after-tax internal rates of return of the project. We then use our measure as a benchmark with which to examine the relation between the ETR and tax preferences. We find that the long-run cash ETR is an unreliable tax preference measure, even when the asset is depreciated for financial reporting purposes at the rate at which its productivity declines.

scholarly journals Women in Jordanian banks and performance: Financial accounting measurement

2016 ◽  
Vol 6 (3) ◽  
pp. 7-17 ◽  
Author(s):  
Muhannad Akram Ahmad ◽  
Seif Obeid Alshbiel
Keyword(s):  
Social Theory ◽  
Banking Sector ◽  
Gender Diversity ◽  
Financial Accounting ◽  
Accounting Measurement ◽  
Female Ceos ◽  
Diversity Issues ◽  
And Performance ◽  
Female Director ◽  
The Impact

This study highlights the gender diversity issues in the banking sector taking into consideration their impact on the performance measured by profitability (ROA). As the banking sector has widely been ignored from the previous studies due to their strict system, this study empirically examined the impact of the CEO gender and board with a female director on the performance of the Jordanian commercial banks in a period from 2004 to 2013. The multiple regression analysis shows that the banks with female CEOs underperform their counterparts run by male CEOs. The reason could be due to their harmonious relationships orientation; that is, women do not tend to invest in risky investments. However, female director plays insignificant roles on the performance which supports the evidence of tokenism as argued by the psychological social theory.

scholarly journals On Financial Accounting Measurement: A Reconsideration Of SFAC 5 By The FASB Is Needed

2011 ◽  
Vol 13 (3) ◽  
pp. 89 ◽  
Author(s):  
Stanley C. W. Salvary
Keyword(s):  
Cash Flows ◽  
Financial Accounting ◽  
Measurement Scale ◽  
Measurement Property ◽  
Capital Maintenance ◽  
Investment Projects ◽  
Accounting Measurement ◽  
Monetary Unit ◽  
Accounting Numbers ◽  
Monetarist Model

<span>This paper attempts to reinforce by means of social theory the procedure and property (attribute) of financial accounting measurement advanced by Salvary (1985, 1989, 1992). The procedure entails estimating the amount of cash flows derivable form existing investment projects; and the measurement property (attribute) is identified as recoverable cost. The cash-in and cash-out principle establishes financial capital maintenance as the appropriate capital maintenance concept to be followed in the measurement of periodic income. An analogy between a bank savings account and an equity security is used to identify the measurement property (attribute) and validate the additivity of financial accounting numbers. Problems with the monetarist model were used to demonstrate the appropriateness (stability) of the measurement scale (monetary unit). The logical analysis developed in this paper makes a compelling case for a reconsideration of Statement of Financial Accounting Concept No. 5 by the FASB.</span>

scholarly journals Financial Accounting Measurement Model Based on Numerical Analysis of Rigid Normal Differential Equation and Rigid Functional Equation

2021 ◽  
Vol 0 (0) ◽  
Author(s):  
Zhihua Yan ◽  
Bahjat Fakieh ◽  
Ragab Ibrahim Ismail
Keyword(s):  
Differential Equation ◽  
Functional Equation ◽  
Numerical Analysis ◽  
Functional Differential Equations ◽  
Fair Value ◽  
Measurement Model ◽  
Financial Accounting ◽  
Accounting Measurement ◽  
Functional Differential ◽  
The Stability

Abstract The initial value problem of stiff functional differential equations often appears in many fields such as automatic control, economics and its theoretical and algorithmic research is of unquestionable importance. The paper proposes a rigid functional equation based on the integral process method of the financial accounting measurement model of numerical analysis. This method provides a unified theoretical basis for the stability analysis of the solution of the functional differential equation encountered in the integrodifferential equation and the financial accounting fair value measurement model of investment real estate.

Sign in / Sign up

Export Citation Format

Share Document