Are you satisfied with your cost management system?
Article Abstract:
Two separate studies reveal that cost management in the manufacturing industry has improved as a result of activity-based costing. Results of the 1987 Howell, Brown, Soucy and Seed study show that half of the respondents were not satisfied with product costing and performance measurement or believed that improvements are still needed. The users of financial information were found to be more dissatisfied than the preparers. In contrast, the 1996 study indicates that the preparers are more satisfied with their product costing and performance measurements systems that respondents in the 1987 study. However, there is no marked difference between respondents in the 1987 study and the current study. Nevertheless, the accounting function aimed to satisfy its internal customers, the users, and to use ABC information to support strategic and operational decision making.
Publication Name: Management Accounting (USA)
Subject: Business, general
ISSN: 0025-1690
Year: 1996
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Fraudulently misstated financial statements and insider trading: an empirical analysis
Article Abstract:
A study was conducted that examined the relationship between insider trading and financial statement fraud. Cascaded logit analysis was utilized to determine the usefulness of insider trading activity as an incremental sign of fraud incidence. Companies were classified according to financial statement characteristics and insider trading variables. Results showed differences in insider trading activity and financial statement control variables. Managers who issued misstated financial reports applied their knowledge of the impact of the fraud on financial statements and on current prices in their stock trading activities. They strategically lower their holdings of corporate stock by pursuing a high level of selling activity and integrating a minimum stock purchase scheme.
Publication Name: Accounting Review
Subject: Business, general
ISSN: 0001-4826
Year: 1998
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Ivar Kreuger's contribution to U.S. financial reporting
Article Abstract:
Kreuger & Toll Inc., a Swedish broker that sold small denominations of stock during the 1920s that paid 20 percent dividends on average, was forced into bankruptcy due to its pursuit of fraud. The stock sales transacted by Ivar Kreuger constituted a giant pyramid scheme. The broker's initial success stemmed mainly from the high dividends. In an effort to prevent securities fraud, regulators have passed new regulations to undermine such activity. The head of the brokerage firm, Ivar Kreuger, claimed that secrecy was crucial to corporate profit.
Publication Name: Accounting Review
Subject: Business, general
ISSN: 0001-4826
Year: 1986
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