＜正＞SUMMARY This study has examined the factors which appear to be related,to the auditors’ decisions of issuing different types of modified opinions（explanatory paragraph,except for qualifications and disclaimers...
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＜正＞SUMMARY This study has examined the factors which appear to be related,to the auditors’ decisions of issuing different types of modified opinions（explanatory paragraph,except for qualifications and disclaimers） in the Hong Kong *** results,based on a multivariate logit model,are consistent with the conceptual arguments presented in the earlier literature that auditors’ decisions relating to going concern modifications can be predicted satisfactorily using financial,contrary,return and qualification ***,firms associated with different opinion types differ systematically on their financial condition, nature of their contrary information,internal control problems reported,and stock *** results are consistent with the notion that the different types of modified opinion serve as signals of varying severity of the going concern problems faced by the *** results have implications for audit practices in the United States and around the world.
Until now,the research of Activity-Based Costing(ABC) has mainly focused on organisations in the *** has learnt about the applicability of ABC in a Chinese organisational *** study aims to bridge this gap by investiga...
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Until now,the research of Activity-Based Costing(ABC) has mainly focused on organisations in the *** has learnt about the applicability of ABC in a Chinese organisational *** study aims to bridge this gap by investigating the implementation of an ABC system at Xu Ji Electric Company(Xu Ji) in the People's Republic of *** to fierce external competition on price and internal pressure for appropriate cost drivers for performance measures,Xu Ji has piloted an ABC system implementation in one of its production *** management support,which has been identified as one of the main success factors in ABC implementation literature,is evidently the main factor in Xu Ji's ABC *** addition,the findings indicate that Xu Ji's‘top-down'instigation coupled with a high proportion of professionals may contribute to a relatively high level of diffusion of this relatively new accounting *** main obstacles to Xu Ji's ABC implementation may lie in a lack of 'know-how' in ABC software development and relevance of ABC information to performance measures.
＜正＞This study assesses the ability of three valuation models,the Edwards-Bell-Ohlson（EBO） model,the discounted dividend（DD） model,and the discounted cash flow（DCF） model,to reveal a firm’s intrinsic value in...
＜正＞This study assesses the ability of three valuation models,the Edwards-Bell-Ohlson（EBO） model,the discounted dividend（DD） model,and the discounted cash flow（DCF） model,to reveal a firm’s intrinsic value in *** *** have shown positive support for the EBO model using samples of *** is no empirical evidence of a comparison of these three models in an international *** International Accounting Standards（IAS） as a benchmark,the first step was to examine the impact of the underlying clean surplus assumption when applying the EBO model *** Asian Pacific countries,Singapore,Hong Kong,and Japan,were selected according to the extent of their adoption of IAS as national accounting *** evaluate the performances of the three models,the predictive ability and the explanatory power of the EBO model were compared with the other two models in each of the three selected *** results show that the EBO model outperforms the DD and DCF models in both predictive ability and explanatory power in all three *** of this study contribute to the international accounting literature by adding evidence on the use of the EBO model as a cross-border value estimator and the impact of accounting practices on the effectiveness of EBO model.
＜正＞We investigate the earnings quality effect of revisions in the Chinese accounting systems,which became effective in 1998（the 1998 System） and 2001（the 2001 System）（the new Systems hereafter）.We measure ear...
＜正＞We investigate the earnings quality effect of revisions in the Chinese accounting systems,which became effective in 1998（the 1998 System） and 2001（the 2001 System）（the new Systems hereafter）.We measure earnings quality as predictive ability for future cash *** new Systems were enacted to improve the quality of accounting *** standards enacted to achieve this goal increased the discretion of management in the accounting *** of weaknesses in auditing and corporate governance mechanisms in China,it is not clear whether the net impact of the new Systems will be improved earnings quality. Our sample includes 576 firms listed on two Chinese stock exchanges,the Shanghai Stock Exchange （SHSE） and the Shenzhen Stock Exchange（SZSE）.We obtain financial statements for these firms computed under the 1992 System（the 1998 System） and restated financial statements computed under the 1998 System（the 2001 System）.Our results are mixed,but suggest that earnings computed under the 1998 System provide better forecasts of future cash *** leave it to future researchers to determine whether the limited improvement in earnings quality we document can be attributed to managements’ opportunistic use of the discretion allowed under the new systems.
Since European Union(EU) adopted the New Accounting Strategy in 1995,several European countries have passed laws allowing their companies to publish consolidated financial statements in accordance with International A...
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Since European Union(EU) adopted the New Accounting Strategy in 1995,several European countries have passed laws allowing their companies to publish consolidated financial statements in accordance with International Accounting Standards(IAS).While IAS is accepted by more and more countries and stock exchanges,questions regarding the quality of IAS remain the major obstacle to IAS' universal acceptance for cross-border listing of *** study addresses the timely issue of IAS quality by empirically examining the quality of reported fixed assets under IAS No.16"Property,Plant,and Equipment."IAS No.16 is chosen for two major reasons:(1) fixed assets are a principal component of most corporate balance sheet;and(2) significant controversies exist regarding the revaluation provision under IAS ***,as an allowed alternative treatment,IAS No.16 permits fixed assets to be revalued periodically and carried at fair *** practice is not permitted in a number of countries such as the *** Canada,among *** standard-setting bodies and practitioners have expressed concerns that such upward revaluation may cause serious comparability issues in assessing capital structure in cross-border *** on the financial and stock pricing information of 113 companies from eight countries/regions whose consolidated financial statements were prepared using IAS, this study documented significant empirical evidence on investors' assessment of IAS No.l6's fixed assets reporting ***,using a cross-sectional equity valuation model,evidence is obtained suggesting that fixed assets reported by sample firms under IAS No.16 reflect the economic value of the underlying fixed assets as perceived by *** findings seem to support the use of IAS in preparation of financial statements for cross-border offerings.
The recent introduction of competitive markets and the growth of foreign investment and private ownership of firms have led Chinese enterprises to consider the adoption of various management accounting concepts used i...
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The recent introduction of competitive markets and the growth of foreign investment and private ownership of firms have led Chinese enterprises to consider the adoption of various management accounting concepts used in capitalist *** measurement systems are a key part in managerial accounting and control *** measures play a key role in translating an organization's strategy into desired behaviors and *** study empirically examines:the different competitive strategies selected by Chinese firms in three different industries,the different degrees of focus in manufacturing strategies among firms in three industries,and the different degrees of using financial performance measures versus non-financial performance measures in three different *** addition,we examine the extents of difficulty of achieving goals both across industries and between financial and non-financial measures as well as the degrees of using different types of performance measures in incentive compensation plans. Our survey results show that textile firms significantly rely on the cost leadership strategy more heavily than electronics firms and machinery *** possible reason for this is that the textile industry has the highest competition *** the manufacturing strategy,we find that the machinery industry focuses more on quality than other two *** possible reason because their products are durable goods and the quality is highly valued by their customers. For the use of financial and non-financial performance measures,we find that the degree of use of either measure varied among *** also find that the electronics industry uses greater numbers of both financial measures as well as each of the four categories of non-financial *** possible reason for this is that electronics products tend to have short life cycles and consumers have rapidly changing tastes and demands. With respect to the degree of difficulty
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