The International Journal Of Accounting

accounting articles

This profit figure is used in an organization’s financial statements, and is commonly used to evaluate its performance. Examples of accounting frameworks are Generally Accepted Accounting Principles and International Financial Reporting Standards .

  • When evaluating business units that have decision making authority over activities that impact revenues, costs, and investments in those units, organizations can use various performance measures.
  • Here is a comprehensive online database of expert analysis on accounting, auditing, governmental, internal controls, and SEC information as well as primary source data including standards.
  • Provides a blank five-year profit-and-loss statement for students to complete.
  • ADP releases updates to Accountant Connect; Clarius R+D releases new version of tax platform; and other news and updates from the accounting technology world.
  • This study also documents what investors believe will be important ESG styles in the future.

Edited by CPAs for CPAs, it aims to provide accounting and other financial professionals with the information and analysis they need to succeed in today’s business environment. In addition to being relevant and reliable, accounting information should be comparable and consistent. Comparability refers to the ability to make relevant comparisons between two or more companies in the same industry at a point in time.

Accounting And Accountants

Biotech company MiMedx Group, which last November settled an alleged case of accounting fraud with the SEC, announced the appointment of William Phelan as senior vice president and chief accounting officer. The number of cybersecurity breaches disclosed by public companies in 2021 increased 44 percent while reports of ransomware attacks also surged, according to the latest Audit Analytics study.

accounting articles

Forty-two percent of public companies are either still assessing the impact of the new lease accounting rules or have not even gotten that far, finds PwC. The long-term benefits of semi-annual reporting are doubtful, while its costs are significant, say Robert Pozen and Mark Roe. For top executives, managerial experience at an auditing firm is not necessarily a virtue, especially among those who are highly paid, a study finds. The annual conference has now become the largest accounting tech showcase in the nation; Dean Dorton launched a lease accounting practice; and other technology news. A healthy skepticism may be the most effective approach to technology for accounting firms. Addressing debates on the effects of real exchange rate movements on the economy, this study examines manufacturing firm-level effects of medium-term fluctuations, in particular firm-level productivity across a wide range of countries. RER changes have different impacts depending on the export and import orientation of regions and the prevalence of credit constraints.

Articles In Press

Below you may find selected research articles from Accounting faculty in the Argyros School of Business and Economics. Reeling from a $2 billion accounting scandal, Wirecard has turned to its would-be chief compliance officer as its interim CEO. It’s the first smart move the company has made in a while, writes Martin Woods. Take this self-directed, interactive course to deepen your understanding of cybersecurity risks and learn about the latest regulations to keep your organization compliant and prepared for today’s dangerous cyber environment. In terms non-technical readers can understand, the evolution of the Internet and the Web, characteristics of the supporting technology, and current issues… Accounting guides explain application of accounting principles in practice.

  • This case illustrates the implications of using stringent performance measurement systems to create performance pressure, motivate employee achievement,…
  • In addition to being relevant and reliable, accounting information should be comparable and consistent.
  • Accounting and Tax ProQuest Accounting and Tax provides centralized access to top journals, reference reports, proceedings, dissertations and more, including over 2,300 publications with hundreds in full-text.
  • Accounting or accountancy is the measurement, processing, and communication of financial and non-financial information about economic entities such as businesses and corporations.
  • Increasingly, companies are including additional information about environmental impacts and risks, employees, community involvement, philanthropic activities, and consumer safety.
  • This document summarizes historical performance and includes forward-looking information.
  • Accounting guides explain application of accounting principles in practice.

Employment impact-weighted accounting statements quantify the positive and negative effects of firm practices for employees and the broader labor community. This analysis of companies in different sectors shows how these statements are beneficial both at an aggregate and more specific level. Factiva Global news and business information service including Dow Jones and Reuters newswires, The Wall Street Journal, and thousands of other national and international newspapers in multiple languages. Includes complete tax, tax law, expert analysis, treatises, tax-related news, cases and rulings, etc. Includes the Federal Tax Coordinator Cases, Rulings and Other Primary Source Materials. Includes the Journal of Taxation, Practical Tax Strategies, Estate Planning Journal, Journal of Multi-state Taxation and Incentives, Journal of Taxation of Employee Benefits and the Journal of International Taxation. It also includes Legal Liabilities & Aspects of Financial Reporting and Accountants’ Liability.

Improving Cash Flow In Your Construction Company

You are an accounting professional considering switching careers and pursuing an academic track or maybe you just want to teach accounting in your spear time. You could be a student thinking to become an accounting educator in the long run. You are wondering about available options, and which option would better fit your personality or lifestyle choice. In this article, we will describe the usual track to become an accounting educator.

accounting articles

But both they and the companies they acquire need to understand just how big a difference that decision can make to the value shareholders will get from a deal. The struggling conglomerate took the biggest impairment charge in almost a decade, causing the SEC to widen its investigation of GE’s accounting practices. How to address challenges when applying the FASB’s new principles-based model for revenue recognition.

More From Accounting, Organizations And Society

Survey data from more than 400 senior investment professionals provides insights into why and how investors use environmental, social, and governance information as well as the challenges in using this information. This study also documents what investors believe will be important ESG styles in the future. The most comprehensive information windows that firms provide to the markets—in the form of their mandated annual and quarterly filings—have changed dramatically over time, becoming significantly longer and more complex. When firms break from their routine phrasing and content, this action contains rich information for future firm stock returns and outcomes. There is a connection between public sentiment about a company and how the market rewards its corporate social performance, according to George Serafeim. Impact-weighted accounting methodology standardizes previously disparate measures of impact, in this case the impact of employment. This paper’s methodology and analysis of Intel, Apple, Costco, and Merck shows the feasibility of measuring firm employment impact for insight into firm practices and performance.Closed for comment; 0 Comments.

The following databases are most likely to have articles on your topic. Click accounting articles the title of the database and type your topic into the database search box.

New Sanctions Add Ban On U S Accounting, Management Consulting Work In Russia

Many companies abandoned activity-based costing because it did not capture the complexity of their operations, took too long to implement, and was too expensive to build and maintain. Raising prices to cover rising costs and defend profit margins is a strategy that ceases to work in a recession, for that is when other companies start… CFO’s newsletter brings the most important finance reporting to your inbox. Make the controller responsible for accounting and the CFO for financing — and have them report separately to the CEO, an ex-finance executive advises. https://www.bookstime.com/ Accounting Today is a leading provider of online business news for the accounting community, offering breaking news, in-depth features, and a host of resources and services. ADP releases updates to Accountant Connect; Clarius R+D releases new version of tax platform; and other news and updates from the accounting technology world. In quarterly earnings calls with investors and analysts, some retail managers may underplay how their companies are actually performing, according to recent research by Kenneth Froot and colleagues.Open for comment; 0 Comments.

  • You are an accounting professional considering switching careers and pursuing an academic track or maybe you just want to teach accounting in your spear time.
  • Includes the Federal Tax Coordinator Cases, Rulings and Other Primary Source Materials.
  • Edited by CPAs for CPAs, it aims to provide accounting and other financial professionals with the information and analysis they need to succeed in today’s business environment.
  • Take this self-directed, interactive course to deepen your understanding of cybersecurity risks and learn about the latest regulations to keep your organization compliant and prepared for today’s dangerous cyber environment.
  • Business Source Premier Business Source Premier is a collection of popular business magazines, scholarly journals, and trade publications, including the Harvard Business Review.
  • Thus, it includes the entire cost of goods sold, as well as all selling, general and administrative expenses, financing costs, and realized gains and losses.

Goodwill impairment recorded by U.S. public companies more than doubled in 2020, but the total still fell short of the figure observed at the onset of the 2008 financial crisis, according to the latest annual report from Kroll. The “2022 Global Lease Accounting Survey” from EY and LeaseAccelerator covers how public and private companies address U.S. and international accounting requirements and challenges they have had and expect to face post-implementation. A former Domino’s Pizza accountant was hit with a nearly $2 million penalty for using nonpublic earnings reports to gain an advantage in illegal trading activity, according to the Securities and Exchange Commission.

Kpmg Fined £3m For serious Failings In Conviviality Audit

This paper introduces a framework to investors and researchers interested in accounting-based valuation. The framework connects expected stock returns to accounting valuation anchors. It can be generalized to evaluate an enterprise’s expected returns, and can be adapted to correct for the use of stale accounting data.

accounting articles

This source provides comprehensive worldwide local, regional, national, and international news. Also look here for U.S. and international company profiles and industry reports. Articles on accounting relating to social, economic, public policy, and ethics issues.

The Decision Relevance Of Financial Reporting

Accounting is the method of processing and recording financial information on behalf of a business. The tasks of an accountant may include analyzing financial transactions, summarizing financial reports, verifying financial records about a company, and then reporting them to regulatory agencies or tax collection authorities. Learning the concept of accounting is a must if you want to become a financial analyst or an investment banker. Organizations use various performance measures to motivate managers and other employees to invest their effort and skills into decision-making and work in general.

Why Is Accounting Profit Important?

These frameworks mandate the use of accrual basis accounting in deriving the accounting profit figure. Thus, if total recorded revenues exceed total recorded expenses, the remainder is an accounting profit. Conversely, if total recorded revenues are less than total recorded expenses, the remainder is an accounting loss. Accounting profit is revenues minus the expenses mandated by an accounting framework, while economic profit is revenues minus the opportunity costs of the assets being used.

After earning a degree in accounting, you may want to get certified in a specialization. Having a certification will give you an edge over those who are uncertified and will boost your earning potential. China’s market competition regulator announced a fine of 61 million yuan (U.S. $9 million) against Luckin Coffee and a group of affiliated firms in response to the coffee chain’s inflated sales scandal.