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ID:48055747
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页数:24页
时间:2020-01-13
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1、AccountingChoiceManagementoftheStatementofFinancialPositionandtheIncomeStatementPart1–StatementofFinancialPositionObjectivesCriticallyevaluatetheimplicationsofchoiceofaccountingtreatmenttotheaccountingprofessionImpactontheusefulnessoftheinformationcontainedwithintheStat
2、ementandFinancialPositionandtheIncomestatementDemonstratethecontributionofaccountingresearchhasmadetounderstandtheimplicationsof‘choice’existingCriticallyappraisetheextenttowhichregulationhasreducedtheopportunitiesto‘manipulate’financialstatementsLehmanscasestudyAgendaW
3、hydoopportunitiesexist?MotivationsofmanagersformakingdifferentchoicesResearchapproachandfindingsWhatinfluences/drivesthechoiceofaccountingpoliciesselectedbymanagement?Issuesregulatorsfaceinrespondingtopotentialopportunitiesformanipulationofthestatementoffinancialpositio
4、nThebigsecret–accountingisanart,notascienceGeneralperceptionisthatfinancialreportsareprecise,objectiveandreliable.Infact…Financialreportsdependinlargepartonsubjectivechoicesmadebyhumans(oratleastaccountants)Howwouldyoudothat?Discretionaryareaschoicesuncertaintyestimates
5、judgementsubjectivityBacktotheTheoryPositiveaccountingtheoryassumesmanagerswillactopportunisticallywhenselectingmethodsStakeholdertheoryUseaccountinginformationtodemonstratetostakeholdersthattheirexpectationsarebeingmetLegitimacytheoryUseaccountinginformationtolegitimis
6、etheongoingexistenceoftheorganisationIsaccountinginformationneutral?ResearchThemesContractualissuesManagerialcompensationDebtcovenantsInformationasymmetriesBetterinformedmanagers,lesswellinformedinvestorsOtherexternalities3rdpartycontractualandnoncontractualrelationship
7、sAccountingChoicesThisWeekStatementofFinancialPositionOffbalancesheetfinanceNextWeekIncomeStatementEarningsmanagementOffBalanceSheetFinance“Companiestendtoloveoff-balancesheetfinancing”Hoogervorst2012‘Offbalancesheetfinancingiswhereacompanyhastheuseofaneconomicresourcet
8、hatdoesnotappearinthestatementoffinancialposition,withthecorrespondingomissionoftheliability’(ElliottandElliot
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