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1.
This study examines the behaviour of earnings, accruals and impairment losses of failed finance companies in New Zealand. It draws on conservatism in the development of research hypotheses about accounting variables that are likely to contain clues to future failures of finance companies. The hypotheses are tested by examining the trend of earnings after tax (EAT), accruals and impairment losses of 32 finance companies that failed from 2006 to 2011. Data were collected from the annual reports of the sampled companies and the first reports of receivers of failed companies. The study finds that EAT and accruals declined, and impairment losses increased significantly in the last two financial statements prior to failure, when compared with other years. This suggests that changes in EAT, accruals and impairment losses may provide indications of impending failure. 相似文献
2.
The finding of the present value and the equivalent annual amount for cash flow sequences which vary with time as polynomials of the second or third degree are presented. This is accomplished through the introduction of additional compound interest factors, which are easily computed, and represent an extension and generalization of the well-known uniform gradient factors. A numerical example is provided. 相似文献
3.
The impact of the adoption of International Financial Reporting Standards (IFRS) on the accounts and the quality of earnings of New Zealand firms is examined. Our analysis of IFRS adjustments for the last period under pre‐IFRS NZ Generally Accepted Accounting Principles (GAAP) reveals that total assets, total liabilities and net profit were significantly higher under IFRS than under pre‐IFRS GAAP. Profit and equity under IFRS were increased by adjustments for goodwill and other intangibles and investment property, and decreased by adjustments for employee benefits and share‐based payments. Using data for 2002–2009, we find that absolute discretionary accruals were significantly higher under IFRS than under pre‐IFRS NZ GAAP, suggesting lower earnings quality under IFRS than under pre‐IFRS NZ GAAP. However, we find no significant differences in signed discretionary accruals and the ability of earnings to predict one‐year‐ahead cash flows between pre‐IFRS NZ GAAP and IFRS. These results are consistent across alternative measures of accruals quality, sample selection and whether firms elected to adopt IFRS in 2005 rather than comply with them in 2007. 相似文献
4.
AbstractThis study examines the impact of learning styles on academic performance using major assessment methods (examinations and assignments including multiple-choice and constructed response questions (CRQs)) in an introductory accounting course. Students' learning styles were assessed using Kolb's Learning Style Inventory Version 3.1. The results indicate that students' learning styles, after controlling for other variables, are associated with academic performance, particularly, in the final examination including both formats, multiple-choice questions and CRQs. Students who exhibit the ‘assimilating’ learning style appear to perform better in some of the assessments than students with ‘diverging’ or ‘accommodating’ learning styles. The findings have implications for designing assessments to ensure that they are not biased towards particular learning styles which would improve their validity and fairness. 相似文献
5.
This study examines the employability skills of accountants cited in job advertisements in Australia and New Zealand, as they indicate the skills that are most valued by employers. The results indicate interpersonal and personal are the most frequently requested skills. Of the 31 identified skills, the most sought-after skills included the ability to collaborate with colleagues, present, discuss and defend views, and having a positive attitude. Overall, a team player with a positive attitude and good communication skills appeared to be the most valued behavioural skill as perceived by employers. This reflects the changing work of accountants, from being ‘backroom number crunchers’ to engaged business professionals. Although the results indicate some differences in skills requested across the five accounting occupational subgroups, interpersonal and personal skills again stood out as the most frequently cited skills. The results indicate the importance of incorporating such skills development in the accounting curriculum. 相似文献
6.
Chen-Ti Chen John M. Crespi William Hahn Lee L. Schulz Fawzi Taha 《Agricultural Economics》2020,51(6):941-958
This paper examines how comparative advantages of major beef exporters changed following the 2003 bovine spongiform encephalopathy (BSE) outbreak, which significantly disrupted the U.S. beef trade until approximately 2007. Using longitudinal data on beef export values and constructed revealed comparative advantage measures, we show that while some measures of the long-run impacts of BSE on U.S. beef export competitiveness have returned to pre-2003 levels, the U.S.’s comparative advantage has not. We also examine a hypothetical scenario of no BSE event in 2003 and predict that in the absence of the BSE outbreak, the U.S. beef sector would have been increasingly more competitive by 2017 than it actually was. Long-term trade competitiveness may not simply return to normal even after a short-term disruption. 相似文献
7.
A dynamic hazard-based system of equations of vehicle ownership with endogenous long-term decision factors incorporating group decision making 总被引:1,自引:0,他引:1
The transportation system affects all aspects of our daily lives including relatively long-term decisions on work and home location choice and automobile ownership decisions. The interdependency existing among these three decisions jointly influences household mobility and overall travel patterns. Therefore, a dynamic modeling framework that can account for the effects of interdependencies between vehicle transaction behavior and residential and job location choices is highly desirable. These decisions are made in the household level while individuals’ decisions influence the overall outcome; therefore, it is also important to incorporate a group decision making process within such modeling frameworks.This study introduces a dynamic model for vehicle ownership, residential mobility, and employment relocation timing decisions. These decisions are modeled at the individual level and then sequentially aggregated to the household level if it is required. A hazard-based system of equations is formulated and applied in which work location and residential location changes are included as endogenous variables in the vehicle transaction model while other important factors such as land-use and built environment variables, household dynamics, and individuals’ socio-demographics are also considered. 相似文献
8.
Hammami Samir Marwan Alhousary Tareq Muhammad Kahwaji Ahmad Taha Jamil Syed Ahsan 《Quality and Quantity》2022,56(4):2063-2089
Quality & Quantity - While the Omani government’s endeavours over two decades to support entrepreneurship, particularly among women, have been significant, research has not substantiated... 相似文献
9.
Following a sector neutral approach to standard setting for about a decade, New Zealand adopted International Financial Reporting Standards (IFRS) for profit‐oriented entities and all other sectors including the public sector, from 2007 with the option to adopt early in 2005. Some studies have examined the impact of IFRS adoption on the accounts of profit‐oriented entities and found that this change had a significant impact on assets, liabilities and equity. This study examines the impact of adoption of IFRS on New Zealand public sector entities’ financial statements. We analyse and compare the reconciliation notes of IFRS and pre‐IFRS New Zealand Generally Accepted Accounting Principles (NZ GAAP) reported in the first IFRS annual reports of all New Zealand public sector entities. The results indicate that there have been some significant increases in assets and liabilities, and significant decreases to overall equity in some sub‐sectors of the public sector. The primary causes of such changes were recognition of employee entitlements (IAS 19) and recognition of derivative financial instruments (IAS 39) for many public sector entities, as well as remeasurement of deferred taxation for public sector commercial enterprises (IAS 12). In addition, public sector entities made many reclassifications between current and non‐current financial statement elements that did not impact on the aggregate balances of the entities’ balance sheets. In general, the findings of this study are similar to findings of studies that examined the impact of IFRS on private enterprises. The findings of this study contribute to the understanding of the implication of IFRS adoption and might be useful to policy makers and regulators who are currently reviewing the applicability of IFRS to public sectors in Australia and New Zealand and other countries. 相似文献
10.
This study examines the impact of improvements in institutional oversight specifically for compliance with International Financial Reporting Standards on accrual quality in Europe. The sample comprises 9339 firm‐year observations from a treatment sample of three European countries that had either non‐existent or relatively weak institutional oversight systems at the start of the sample period 2006–2010 but improved oversight systems thereafter, and a benchmark sample of six other European countries that had institutional oversight systems from the start of this sample period. After controlling for legal system, rule of law and other variables, we find incremental improvement in accrual quality in the treatment sample relative to the benchmark sample from the pre‐enforcement period 2006–2007 to the enforcement period 2008–2010. The results suggest that institutional oversight has an incrementally positive impact on accrual quality over and above that attributable to legal system, rule of law and other variables. The results are robust to different measures of accrual quality, alternative enforcement proxy and alternative samples. 相似文献