State Pension Accounting Estimates and Strong Public Unions

2018 ◽  
Author(s):  
Samuel B. Bonsall ◽  
Joseph Comprix ◽  
Karl A. Muller
Keyword(s):  
Pension Accounting ◽  
Accounting Estimates ◽  
Public Unions ◽  
State Pension

State Pension Accounting Estimates and Strong Public Unions

2019 ◽  
Vol 36 (3) ◽  
pp. 1299-1336 ◽  
Author(s):  
Samuel B. Bonsall ◽  
Joseph Comprix ◽  
Karl A. Muller
Keyword(s):  
Pension Accounting ◽  
Accounting Estimates ◽  
Public Unions ◽  
State Pension

Managerial Miscalibration and Its Effects on the Auditability of Accounting Estimates: Evidence from Pension Accounting

2019 ◽  
Vol 54 (04) ◽  
pp. 1950016
Author(s):  
Ulrich Menzefricke ◽  
Wally Smieliauskas
Keyword(s):  
Financial Reporting ◽  
Significant Risk ◽  
Accounting Standards ◽  
Financial Statements ◽  
Pension Plans ◽  
Expected Returns ◽  
Defined Benefit ◽  
Pension Accounting ◽  
Accounting Estimates ◽  
Short Run

In this archival study, we report three main findings related to how well pension accounting estimates of practice meet the stated objectives of professional accounting standards. Our evidence on estimated returns in pension accounting used in reporting on defined benefit pension plans in the financial statements indicates the following. First, the financial note disclosures of ranges of estimated returns are miscalibrated and provide low credibility of including either the actual or expected returns. Second, the estimated returns are unreliable estimates of the firms’ actual 10-year averages. Finally, the estimated returns can have significant risk of material misstatement arising from the uncertainty in the estimation process over the short run. The combination of these findings indicates that the estimated returns and related note disclosures on the ranges of the returns used in estimation processes may not be auditable, and may not meet the stated financial reporting objectives of professional accounting standards.

‘Urfi marriage, an Egyptian Version of Cohabitation?

1970 ◽  
pp. 64-69
Author(s):  
Ikran Eum
Keyword(s):  
Social Class ◽  
Young People ◽  
The State ◽  
Sexual Desires ◽  
Lower Social Class ◽  
State Pension

In Egypt, the term ‘urfi2 in relation to marriage means literally “customary” marriage, something that has always existed in Egypt but nowadays tends mostly to be secretly practiced among young people. Traditionally, according to Abaza,3 ‘urfi marriage took place not only for practical purposes (such as enabling widows to remarry while keeping the state pension of their deceased husbands), but also as a way of matchmaking across classes (since men from the upper classes use ‘urfi marriage as a way of marrying a second wife from a lower social class). In this way a man could satisfy his sexual desires while retaining his honor by preserving his marriage to the first wife and his position in the community to which he belonged, and keeping his second marriage secret.

STATE REGULATION OF THE FINANCIAL SERVICES MARKET IN UKRAINE

2018 ◽  
Vol 1 (11) ◽  
pp. 30-47
Author(s):  
Lyudmila Nikolayevna Akimova ◽  
Alla Vasilievna Lysachok
Keyword(s):  
Life Insurance ◽  
Financial Services ◽  
Credit Unions ◽  
State Regulation ◽  
The State ◽  
Existing Problems ◽  
Insurance Contracts ◽  
State Pension

The essence of such concepts is “financial service”, “financial ser- vices market”, and “participants of the financial services market”; determined the purpose of state regulation of the financial services market; forms of state regu- lation of the financial services market; financial services that are present in the financial services market; the structure of state regulation bodies of the financial services market in Ukraine is given; The role of state bodies in the regulation of the financial services market was studied; to characterize the regulatory le- gal regulation of the financial services market in Ukraine; the main problems of functioning of the domestic market of financial services are revealed; ways to solve existing problems. It is grounded that the state regulation of financial ser- vices markets consists in the state’s implementation of a set of measures aimed at regulating and overseeing financial services markets to protect the interests of financial services consumers and preventing crisis phenomena. It is concluded that the financial services market is an important element of the development of the economy as a whole, in particular, it concerns not only the state but also society. We must understand that when this market is settled, that is, all bodies that carry out state regulation are competent in their powers, only then will we make informed, effective decisions about the normal and effective functioning of the RFP. It is important that the data of the subjects of control do not overlap, their activities should be fixed at the legislative level. It is also worth bearing in mind that appropriate conditions must be created to create compensatory mecha- nisms in the financial services markets by developing a system for guarante- eing deposits and providing for payments under long-term life insurance contracts, non-state pension provisions, deposits with deposit accounts to credit unions, etс.

The Usefulness of Accounting Estimates

2008 ◽  
Author(s):  
Baruch Itamar Lev ◽  
Siyi Li ◽  
Theodore Sougiannis
Keyword(s):  
Accounting Estimates
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