This study examines whether the revised lease standards (ASC 842 and IFRS 16) make U.S. GAAP-based accounting amounts more comparable with IFRS-based accounting amounts. Our study is motivated by the FASB and the IASB’s call for research on the comparability of the revised lease standards. We...

In this study, I examine whether management discloses areas with higher financial reporting risk as critical accounting policies (CAPs) and how investors react to restatements of areas previously disclosed as CAPs. Through CAPs, management annually discloses the accounting policies that it views...

Li, Siciliano, and, Venkatachalam (hereafter LSV) propose a two-stage approach to studying the effects of the adoption of the International Financial Reporting Standards (IFRS) on economic outcomes. The key innovation of their paper is that it links the economic outcomes effect to a particular...

The SEC prohibits the presentation of non-GAAP measures before corresponding GAAP measures; however, a large proportion of non-GAAP reporters present non-GAAP EPS before GAAP EPS in their earnings announcements. This noncompliance raises questions about whether firms use prominence to highlight...

The purpose of this paper is to compare the cyclical behavior of various credit impairment accounting regimes, namely IAS 39, IFRS 9 and US GAAP. We model the impact of credit impairments on the Prot and Loss (P&L) account under all three regimes. Our results suggest that although IFRS 9 is less...

The purpose of this study to explore the level of adoption of the International Accounting Standard 34 (IAS 34) in the preparation of interim reports by listed companies on Bahrain Stock Exchange (BSE). The data used in this exploratory study were based largely on information already published...