Bøger i Foundations and Trends (R) in Accounting serien

Provides a comprehensive summary and analysis of the specific earnings quality issues pertaining to key line item components of the financial statements. After providing an overview of earnings quality and earnings management, it analyzes key line items from the financial statements.

Accounting for Risk is about using accounting information to assess risk and the required return for bearing that risk. The focus is on investing in firms and the equity claims on firms: How much should an investor discount the price of a share in a firm for risk, and how can accounting information help to answer that question?

Surveys the stream developments in the regulation and standard setting that have set the requirements for companies' financial reporting in the US capital market. Attention is given to instances in which the SEC has either been in disagreement with the private-sector accounting standard setter, or where they have partnered in a solution.

Reviews the academic literature on market outcomes, reporting practices and the political economy behind the global use of International Financial Reporting Standards. Starting with a conceptual discussion of expected benefits and costs, the authors explain why predictions on possible outcomes are ambiguous.

Provides an interactive step-by-step framework for analysing spoken or written language for faculty and PhD students in social sciences. The goal is to demonstrate how textual analysis can enhance research by automatically extracting new and previously unknown information from voluminous disclosures, news articles, and social media posts.

Provides an overview of key papers in the corporate sustainability literature and directions for future research. The book is structured on three key themes: measuring corporate sustainability performance; managing corporate sustainability performance; and communicating corporate sustainability performance.

Costing Systems provide a structured overview of costing system research to explain the co-existence of different costing practices. This book is structured around four primary purposes of cost measurement: decision-making, cost management, inventory valuation for financial and tax accounting, and control and performance measurement.

Provides a structured overview of costing system research to explain the co-existence of different costing practices. This body of research has come to prescriptive conclusions, which will of be valuable and insightful to practitioners designing costing systems and managers using reported cost data.

Introduces Bayesian theory and its role in statistical accounting information theory. The approach taken in this monograph is a Demski-like treatment of "accounting numbers" as "signals" rather than as "measurements".

Examines the factors that drive assignment of authority inside the corporate hierarchy. In particular, the authors focus on authority assigned to middle managers or business-unit managers because decisions and actions taken at middle levels are collectively far-reaching and because little of the literature has focused on middle managers.

Presents three variants of the neoclassical investment model and characterizes the firm's optimal investment policy, equity value, and the desirable properties of accrual accounting rules in each setting.

Discusses the process of analysing historical financial statement data for the purpose of developing forecasts of future earnings. This process is important because it is central to the valuation of companies and the securities they issue.

In a good financial reporting regime, attributes, goals, and practice are not mutually exclusive. It is unlikely that any one of them is entirely satisfactory by itself; they complement one another. Better Financial Reporting argues for such a syncretic attitude to financial reporting regime.

Demonstrates that formal capital budgeting mechanisms that allocate investment costs to divisions via capital charge rates, depreciation schedules, and inter-divisional cost-sharing rules, can yield divisional performance measures that provide proper two-stage investment incentives.

Provides a comprehensive summary and survey of the theoretical and empirical literature on "Say on Pay". The book theoretically studies how a poor governance structure affects the level and structure of executive pay and identifies conditions under which Say and Pay could help shareholders to improve it.

Attempts to promote a broad debate about the notion of causality and the role of causal inference in the social sciences. This volume allows researchers and students in accounting, and the social sciences, to acquire a deeper understanding of the notion of causality and the nature, limits, and scope of empirical research in the social sciences.

Reviews prior studies and proposes new research directions for the corporate governance of China's listed firms. The primary focus is to investigate the underlying relation between China's institutional environment and its listed firms' corporate governance, and show how formal and informal governance mechanisms actually work within these firms.

Provides a compact introduction to academic research on market efficiency, behavioural finance, and fundamental analysis. The book is dedicated to the kind of decision-driven and prospectively-focused research that is much needed in a market constantly seeking to become more efficient.

Focuses on accounting disclosure within a non-contractual setting in which Revelation Principle does not apply. The book examines a setting featuring a sender - a firm manager or a sell-side equity analyst - who has some information about a firm to communicate to a receiver - an investor - to help value the firm.

Reviews and illustrates earnings management, conservatism, and their effects on earnings quality in an economic modeling framework. Both earnings management and conservative accounting introduce biases to financial reports. The primary issue addressed is what economic effects these biases have on earnings quality or financial reporting quality.

Presents practical and conceptual issues related to fair value measurement in financial reporting and to evaluate certain research design aspects of empirical research that investigates the information properties of fair value measurement, both in an absolute sense and in comparison to other measurement bases.

Discusses the evolution of three main streams within the financial distress prediction literature: the set of dependent and explanatory variables used, the statistical methods of estimation, and the modeling of financial distress.

Reviews the interactions between Board of Director's role in governance and oversight, executive evaluation, and organisational goals, including truthful disclosure of earnings and investment in long-term projects.

Addresses the question of how strategic firm organisation and accounting measurements affect and are affected by such prevalent concerns of relying on an external input supplier.

The central theme of Competition and Cost Accounting is that strategic considerations may make it desirable for a firm to have divisions and Product managers internalize something other than their true costs.

Analyses the contributions of psychology-based research to explaining patterns in individuals' management accounting related decision-making. The book reviews four main themes: framing and reference points; individuals' valuation of non-monetary (social) payoffs; subjective decision models; and limitations on learning.

Provides research perspectives on the interface between financial reporting and disclosure policies and executive compensation. The book focuses on the effects of compensation-based incentives on executives' financial accounting and disclosure choices, and the role of financial reporting and income tax in shaping compensation practices.

Reviews and critically examines the standard approach to equity valuation using a constant risk-adjusted cost of capital and develops a new valuation approach discounting risk-adjusted fundamentals using nominal zero-coupon interest rates.

Surveys the transfer pricing literature with a focus on commonly-used pricing schemes using incomplete contracting models. A key theme running through the book is that the firm's central office (i.e headquarters) plays a rather limited role in mediating individual transactions.

Summarises accounting history over the past ten thousand years. This literature review provides useful examples for subsequent sections and can be used as a primer of accounting history. The authors explain how accounting history can inform scholars studying modern institutions by analysing several exemplary research papers.