The study was inducted on a large sample of firm observations from 46 countries for the years This paper argues that earnings quality Is a Joint function of Investor protection and the quality of accounting standards. FIRS adoption improves earnings quality only if strong investor protection is present.
Accounting Tools and Metrics for the CFO This course is a one-stop problem-solver for today's busy accounting executive. The course is a working guide to help you quickly pinpoint in the complex world of business. Throughout, you'll find this course practical, quick, and useful.
Chapters 1, 2, and 3 take you through accounting principles and guidelines for evaluating a company's financial health.
You will have an increased understanding of various financial statements and their implications. You'll learn techniques for analyzing another company's financial position should you wish to invest, extend credit, or compare.
You will also learn how to improve a company's corporate profitability and shareholder value. We present internal managerial accounting applications to help you evaluate your own company's performance, profitability, marketing effectiveness, and budgeting process.
You'll learn how to highlight problem areas with variance analysis. You will also learn some valuable new tools, such as activity-based costing ABClife-cycle costing, target costing, and corporate balanced scorecard.
Chapters 4, 5, and 6 take a look at financial analysis tools, financial metrics, and financing methods for decision making.
Through break-even and sensitivity analysis, you'll be able to move your company toward greater profits. For investment purposes, this part presents guidelines for evaluating proposals, whether they are short or long term, for profit potential and risk-return comparisons.
You'll learn management and financing techniques to ensure the best possible strategies for maximizing and acquiring cash.
The Idea of Investigating the Interaction of FIRS adoption and Investor protection on earnings quality derived from Tasked et al. ‘s paper (). They acknowledged this Idea as being” an Interesting avenue for future research”. International Financial Reporting Standards, usually called IFRS, are standards issued by the IFRS Foundation and the International Accounting Standards Board (IASB) to provide a common global language for business affairs so that company accounts are understandable and comparable across international boundaries. They are a consequence of growing international shareholding and trade . Glossary of terms The following terms are used in this Guide but are not found in the glossary to the IFRS for SMEs. Donated services and facilities include gifts of .
Chapter 7 provides you with a deeper understanding of the financing of your company. A comparison of public versus private placement of securities is provided. You'll learn the characteristics, advantages, and disadvantages of long-term debt financing.
In addition to the various types of debt instruments, the circumstances in which a particular type of debt is most appropriate are considered.
The advantages and disadvantages of issuing preferred and common are discussed, along with the various circumstances in which either financing source is most suited. Stock rights are also described. Chapter 8 discusses how a forecast relates to financial planning.
You'll learn the components of a forecasts and what it predicts. Various forecasting techniques with examples are identified to help you select the right method. Chapter 9 covers what every accounting professional should know about accounting information systems.
The components of an accounting information system, the factors in selecting accounting software, the purpose of extensible business reporting language, and the concepts of web-based software packages are discussed.
It also discusses how accounting professionals leverage technology to enable operational improvement and control costs e.Therefore the exact effect of IFRS adoption on a country’s integration into the international financial community may be different depending on the country’s political and economic environment.
To mitigate this problem, we restrict our sample to the developed countries. We conduct a meta-analysis of IFRS adoption studies investigating financial reporting effects, namely value relevance and earnings transparency in the form of discretionary accruals, as well as capital market effects, specifically the quality of analysts' earnings forecasts.
Operating Leases This method of accounting for leases is on its way out. An operating lease is an expense. Here's why Unlike capital leases, operating leases have no ownership at the end of the lease.
A good example of an operating lease would be your lease payment on business space. influence the beneficial effects of IFRS adoption. Okpala () examined the relationship between IFRS adoption and foreign direct investment in Nigeria. He found that IFRS adoption by Nigeria increases investor confidence in financial markets and the volume of foreign direct investment.
The wide application of IFRS around the word, boosted in the context of the IAS Regulation in , opened the field for many empirical studies that analyzed different perspectives on the voluntary or mandatory IFRS adoption. The Effects of Mandatory IFRS Adoption in the EU: A Review of Empirical The world outside continued to change as IFRS came into effect in the EU, and some of the changes were induced by the EU itself as it sought to reform its financial services and capital markets.
Disentangling the effects of all these changes is one.