Monthly Archives: October 2011

Is Europe’s Debt Crisis any of our business?

Yvonne writes: I have been trying to keep up with the economic situation that the Europe is facing. While it started with Greece, other European countries such as Spain and Italy are also facing economic hardship. As I was reading the

Is Europe’s Debt Crisis any of our business?

Yvonne writes: I have been trying to keep up with the economic situation that the Europe is facing. While it started with Greece, other European countries such as Spain and Italy are also facing economic hardship. As I was reading the

New Research Findings about Overvaluation and Earnings Management

Brad Badertscher of Notre Dame presents some of the results from his dissertation in the November 2011 Accounting Review. He considers an interesting driver of earnings management: overvaluation. He defines overvaluation as a high stock price/book value.  Three findings: The

New Research Findings about Overvaluation and Earnings Management

Brad Badertscher of Notre Dame presents some of the results from his dissertation in the November 2011 Accounting Review. He considers an interesting driver of earnings management: overvaluation. He defines overvaluation as a high stock price/book value.  Three findings: The

What if opportunistic accounting choices increase shareholder value?

We have an ongoing question in Financial Statement Analysis that I would like to share. Suppose a company “manages” earnings. Nothing illegal, but cookie jar reserves and other techniques just happen to deliver nice smooth earnings for a company. These

What if opportunistic accounting choices increase shareholder value?

We have an ongoing question in Financial Statement Analysis that I would like to share. Suppose a company “manages” earnings. Nothing illegal, but cookie jar reserves and other techniques just happen to deliver nice smooth earnings for a company. These

Of what use is the auditor’s report?

Erik writes: I was reading a blog found on reThe Auditors, and this excerpt stuck out to me: “It is worth noting that a number of other parties agree that the current form of the auditor’s report fails to meet

Of what use is the auditor’s report?

Erik writes: I was reading a blog found on reThe Auditors, and this excerpt stuck out to me: “It is worth noting that a number of other parties agree that the current form of the auditor’s report fails to meet

Millionaires’ fair share of taxes?

Michelle submits: I know we have had some discussion on the millionaire’s tax, but I really think that this is a growing issue that should be discussed further. I found this Wall Street Journal article interesting, because it shows that

Millionaires’ fair share of taxes?

Michelle submits: I know we have had some discussion on the millionaire’s tax, but I really think that this is a growing issue that should be discussed further. I found this Wall Street Journal article interesting, because it shows that

Are NBA players depreciable assets?

Mike submits the following: This past Monday, NBA Commisoner David Stern announced the cancellation of the first two weeks of the 2011 NBA regular season. This move comes as negotiations between NBA team owners and players have failed to make

Are NBA players depreciable assets?

Mike submits the following: This past Monday, NBA Commisoner David Stern announced the cancellation of the first two weeks of the 2011 NBA regular season. This move comes as negotiations between NBA team owners and players have failed to make

Why Accounting Professors don’t blog, cont’d

My blogging idol David Albrecht has more to say on this question: It might very well be related to the disconnect between accounting research and the world of practice. Much of the elite accountics research at the current time has

Why Accounting Professors don’t blog, cont’d

My blogging idol David Albrecht has more to say on this question: It might very well be related to the disconnect between accounting research and the world of practice. Much of the elite accountics research at the current time has