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The Association Between Changes in Accounting Estimates and Accounting Restatements

2018
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Release : 2018
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Book Synopsis The Association Between Changes in Accounting Estimates and Accounting Restatements by : Philip Beaulieu

Download or read book The Association Between Changes in Accounting Estimates and Accounting Restatements written by Philip Beaulieu. This book was released on 2018. Available in PDF, EPUB and Kindle. Book excerpt: This paper investigates the relationship between changes in accounting estimates and subsequent restatements. Theory suggests that depending on the underlying reason for an estimate change, this relationship can be either negative (for changes in estimates made in response to new developments or management having obtaining new information) or positive (for changes in accounting estimates made with an objective of managing earnings or changes that are not reliably estimated and are poorly audited). We hypothesize and find a positive relationship between changes in estimates and restatements. There is also support for the prediction that the presence of a change in accounting estimate(s) is associated with an increased likelihood of subsequent restatement to correct intentional misstatement. The findings of the study are of interest to accounting academics, regulators, and audit practitioners.

The Treatment of Unusual Items and Changes in Accounting Estimates and Accounting Policies

1976
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Release : 1976
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Book Synopsis The Treatment of Unusual Items and Changes in Accounting Estimates and Accounting Policies by : International Accounting Standards Committee

Download or read book The Treatment of Unusual Items and Changes in Accounting Estimates and Accounting Policies written by International Accounting Standards Committee. This book was released on 1976. Available in PDF, EPUB and Kindle. Book excerpt:

IPSAS Explained

2018-01-22 Business & Economics
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Release : 2018-01-22
Genre : Business & Economics
Kind : eBook
Book Rating : 047/5 ( reviews)

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Book Synopsis IPSAS Explained by : Thomas Müller-Marqués Berger

Download or read book IPSAS Explained written by Thomas Müller-Marqués Berger. This book was released on 2018-01-22. Available in PDF, EPUB and Kindle. Book excerpt: A succinct, yet highly informative guide to IPSAS and their application IPSAS Explained provides a concise summary of the International Public Sector Accounting Standards for practitioners needing to maintain compliance with ever-changing practices. Comprehensively updated to align with newly-accepted standards in key subject areas and including the latest iteration of the framework and improvement projects, this guide distills each standard into a useful and accessible format. Coverage of each IPSAS includes a brief overview of the basic principles behind it, as well as charts, graphs and tables that provide information at a glance. Updated material includes discussion of the new IPSASB governance structure, including the Public Interest Committee and Consultative Advisory Group, as well as information on the current Exposure Drafts and the changes forthcoming from the Improvements Project. New sections on First-Time Adoption of Accrual Basis IPSAS, new consolidation standards and Service Performance Reporting bring practitioners completely up to date to help ensure full compliance. Locate relevant IPSAS quickly and easily Get up to date on newly adopted standards Deepen conceptual understanding with graphical representations Understand the operations of the IPSASB, as well as new and ongoing projects The International Public Sector Accounting Standards Board is engaged in the ongoing process of bringing public sector accounting in line with the IPSAS, which largely align with the IFRS model: where an IFRS exists, it is either adopted directly or adjusted to be suitable for the public sector; where no relevant IFRS exists, the IPSASB issues an IPSAS. IPSAS Explained condenses and clarifies each IPSAS, providing context, background and practical guidance to help practitioners find the answers they need to comply.

Changes in Accounting Estimates

2019
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Release : 2019
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Book Synopsis Changes in Accounting Estimates by : Aloke Ghosh

Download or read book Changes in Accounting Estimates written by Aloke Ghosh. This book was released on 2019. Available in PDF, EPUB and Kindle. Book excerpt: We investigate whether companies strategically change accounting estimates to manipulate earnings, as some claim (“opportunism” hypothesis), or whether these modifications represent changes in the underlying fundamentals of financially troubled or risky companies updating their priors about future expectations because of operational changes (“risk” hypothesis). Using audit fees, propensity to meet or beat earnings forecasts, and restatements as surrogates for managerial opportunism/bias, we find evidence consistent with the risk hypothesis and inconsistent with opportunism hypothesis. Further, consistent with the risk hypothesis, over the years prior to the estimate changes, companies are more prone to idiosyncratic risks such as going concern problems, misstatements, discontinued operations, corporate restructuring, charge-offs, and internal control problems. The lack of evidence supporting the opportunism hypothesis is not surprising because, under US GAAP, companies are required to disclose the “dollar effect” of an accounting estimate change on net income in their financial statements.

Accounting Policies, Changes in Accounting, Estimates and Errors

2004 Accounting
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Release : 2004
Genre : Accounting
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Book Synopsis Accounting Policies, Changes in Accounting, Estimates and Errors by : Australian Accounting Standards Board

Download or read book Accounting Policies, Changes in Accounting, Estimates and Errors written by Australian Accounting Standards Board. This book was released on 2004. Available in PDF, EPUB and Kindle. Book excerpt:

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