Similar Search Results

Accounting for financial instruments in the banking industry : conclusions from a simulation model

Gebhardt, Günther; Reichardt, Rolf; Wittenbrink, Carsten - 2003 - Revised: November 2003

The paper analyses the effects of three sets of accounting rules for financial instruments - Old IAS before IAS 39 became effective, Current IAS or US GAAP, and the Full Fair Value (FFV) model proposed by the Joint Working Group (JWG) - on the financial statements of banks. We develop a...

Persistent link: https://www.econbiz.de/10009765358

Right-of-Use Assets

Nissim, Doron - 2023

Accounting Standard Codification (ASC) Topic 842, which is effective since 2019, requires balance sheet recognition of operating lease obligations and right-of-use (ROU) assets. For many firms, the implementation of this standard resulted in a large increase in reported operating assets, thus...

Persistent link: https://www.econbiz.de/10014359150

Accounting for Fixed Assets and Investment Efficiency : A Real Options Framework

Ruan, Lufei - 2019

In a perfect world, a manager's investment in fixed assets would increase with the assets' profitability. However, when managers privately know their project profitability and care about their company's short-term share price, managers of less profitable firms face the temptation to overinvest...

Persistent link: https://www.econbiz.de/10012862134

Reliability and relevance of fair values : private equity investments and investee fundamentals

Ferreira, Petrus; Kräussl, Roman; Landsman, Wayne R.; … - 2018

We directly test the reliability and relevance of fair values reported by listed private equity firms (LPEs), where the unit of account for the fair value measurement (FVM) is an investment stake in an individual investee company. FVMs are observable for multiple investment stakes, fair values...

Persistent link: https://www.econbiz.de/10011911536

Discounting and the market valuation of defined benefit pensions

Larcher, Luca; Breedon, Francis J. - 2021

). We ftnd that equity market valuation is consistent with discounting without allowing for credit risk. This differs from …

Persistent link: https://www.econbiz.de/10012798825

A New Approach to Accounting Goodwill (and Other Identified Intangibles with Indefinite Useful Lives) : Theory and Empirical Evidence

Lustosa, Paulo Roberto B. - 2017

I elaborate upon the foundations of Gecon – Economic Management System – model to propose a new theory on goodwill and other identified intangibles with indefinite useful lives. I reason that firm value is made up of its physical and intangible wealth, both continuously affected by passage...

Persistent link: https://www.econbiz.de/10012949360

The Purpose of the Firm, Valuation, and the Management of Intangibles

Madden, Bartley J. - 2017

, but as the result of a firm achieving its purpose. Second, managements and boards need a valuation model that provides a … clear and insightful connection between long-term corporate performance and market valuation. A strong case is presented for … the life-cycle valuation model, widely used by money management organizations, in which a firm's projected cash flows …

Persistent link: https://www.econbiz.de/10012950534

External Verifiability of Accounting Information and Intangible Asset Transactions

Kim-Gina, Jessica - 2018

Firms commonly use disaggregated accounting information to facilitate efficient contracting over intangible assets. However, reliance on accounting measures creates information asymmetries and thus a role for contract audits. Using a hand-collected sample of technology licensing agreements with...

Persistent link: https://www.econbiz.de/10012918020

Ambiguities, Dualities and Metaphors in Intellectual Capital Research and Practice : Some Open Questions

Marzo, Giuseppe - 2013

Purpose– A recent stream of literature identifies the arising of a third stage in Intellectual Capital Accounting Research, which addresses the praxis of IC as it is implemented in organisations, rather than re-creating a static analysis of IC, as it is represented by contemporary measurement...

Persistent link: https://www.econbiz.de/10013090051

The Ohlson Model and Intangible Assets : The Problem of Specifying 'Other Information'

Yamaguchi, Tomohiro - 2018

Based on the Ohlson model (1995), this study offers a theoretical discussion and empirical analysis of the problem of “other information.” Other information is information other than residual income for the current and past term that can affect residual income for the following term....

Persistent link: https://www.econbiz.de/10012924722