Managing interacting accounting measures to meet multiple objectives: a study of LIFO firms

Article Abstract:

A simultaneous equations approach is used to determine whether managers adjust their LIFO inventories, other current accruals and depreciation to improve earnings, reduce taxes and minimize debt-related costs in the current and succeeding periods. The study's findings provide evidence that inventories and current accruals, but not depreciation, are used to bolster earnings and cut debt-related costs. Results also show that managers use current accruals in the present and subsequent periods to reduce taxes.

Accounting and auditing, Inventories, Equations, Simultaneous, Simultaneous equations, Inventory accounting

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The value-relevance of nonfinancial information: a discussion

Article Abstract:

The value-relevance of nonfinancial information in making investments in the cellular telephone industry could be improved further with the addition of financial information. Price-based regressions done on financial and non-financial variables showed the use of both sources of investment information to exhibit incremental explanatory power, which would adequately provide a solid basis for investment options.

Investor Relations, Methods, Analysis, Cellular telephone services industry, Cellular telephone services, Investments, Market share, Economic indicators

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Empirical tax research in accounting

Article Abstract:

Research is presented describing the study of tax research methods and literature from 1985 through to 2000, with suggestions given for improving future investigations.

Tax accounting, Tax research

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