Creative compliance in financial reporting
Article Abstract:
Creative accounting is practiced in many large listed companies. To find out how these schemes are devised and avoid punishment by legal and regulatory authorities, the process of creative compliance is examined by focusing on a case of complex convertible securities issued by UK listed firms between 1987 and 1990. The results reveal an active dialectic of creativity in how the professionals involved designed the securities as shown by their clever transition from avoidance to rules and back to avoidance once again. Findings also indicate that innovative accounting can only be effectively implemented with full and close cooperation among auditors, lawyers and other professionals who know the current regulations and who can make their schemes seem credible.
Publication Name: Accounting, Organizations and Society
Subject: Business
ISSN: 0361-3682
Year: 1996
User Contributions:
Comment about this article or add new information about this topic:
Changes in accounting policies and investment analysts' fixation on accounting figures
Article Abstract:
A study is conducted to investigate how much investment analysts dwelt on accounting policy changes and their impact on accounting figures in their investment reports. One hundred forty-four reports from the 40 most actively traded companies on the Amsterdam Stock Exchange covering the period 1987-1991 are examined. Sixteen accounting changes are identified and classified into the following categories: changes in accounting policy on investment grants, capitalization of publishing rights, changes from current cost to historical cost accounting, and miscellaneous accounting changes. The findings indicate that investment analysts' fixation on accounting figures is significantly influenced by the level of disclosure and the nature of accounting change.
Publication Name: Accounting, Organizations and Society
Subject: Business
ISSN: 0361-3682
Year: 1997
User Contributions:
Comment about this article or add new information about this topic:
The changing portrayal of the employment of women in British banks' and retail companies' corporate annual reports
Article Abstract:
The corporate annual reports of British banking and retail companies between 1935 and 1993 are examined to determine corporate social disclosure and non-disclosure with respect to gender and employment during this period. The study seeks to generate new insights into managerial disclosure policy and the influence of patriarchy in the social, political and economic context of six distinct periods: 1935-45, 1945-50, 1950-64, 1964-70, 1970-79 and 1979-93. The results indicate that reporting of women's employment at the time was widely influenced by capitalism and patriarchy.
Publication Name: Accounting, Organizations and Society
Subject: Business
ISSN: 0361-3682
Year: 1998
User Contributions:
Comment about this article or add new information about this topic:
- Abstracts: Biased forecasts or biased earnings? The role of reported earnings in explaining apparent bias and overreaction in analysts' earnings forecasts
- Abstracts: Managerial ownership, accounting choices, and informativeness of earnings. Stock price informativeness of accounting numbers: evidence on earnings, book values and their components
- Abstracts: International risk analysis: an empirical investigation of practices of Malaysian international firms. part 2 The effect of CEO control on compensation risk management through golden parachute adoption
- Abstracts: Privatization and foreign investment. Industry recovers from the Revolution. Romania starts to catch up
- Abstracts: Reengineering: starting with a dirty sheet of paper. Reengineering Ryder to meet rising customer expectations