Disclosure Descriptors: Helping Investors Process Complex Accounting Estimates by Using Short Identical Descriptors

2020 ◽  
Author(s):  
Ling Harris ◽  
Marlys G. Lipe ◽  
Elaine (Ying) Wang
Keyword(s):  
Accounting Estimates

The Usefulness of Accounting Estimates

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

Does the Mandatory Adoption of IFRS Improve the Association between Accruals and Cash Flows? Evidence from Accounting Estimates

2018 ◽  
Vol 33 (1) ◽  
pp. 39-59
Author(s):  
Jimmy F. Downes ◽  
Tony Kang ◽  
Sohyung Kim ◽  
Cheol Lee
Keyword(s):  
Financial Reporting ◽  
Cash Flows ◽  
Data Availability ◽  
The European Union ◽  
Accounting Quality ◽  
Financial Reporting Standards ◽  
Ifrs Adoption ◽  
Accounting Estimates ◽  
Accounting Accruals ◽  
Future Cash Flows

SYNOPSIS We investigate the effect of mandatory International Financial Reporting Standards (IFRS) adoption in the European Union on the association between accounting estimates and future cash flows, a key concept of accounting quality within the International Accounting Standard Board conceptual framework. We find that the predictive value of accounting estimates improves after IFRS adoption. This improvement is largely driven by specific types of accounting estimates, such as accounts receivable, depreciation, and amortization expense. We also find that the improvement is concentrated in countries with larger differences between pre-IFRS domestic GAAP and IFRS. Our findings suggest that IFRS allow managers to exercise their judgment to provide information about future cash flows through the more subjective/judgmental portion of accounting accruals. JEL Classifications: M16; M49; O52. Data Availability: The data used in this study are from public sources identified in the study.

The impact of national influence on accounting estimates

2001 ◽  
Vol 36 (3) ◽  
pp. 271-290 ◽  
Author(s):  
Joseph J Schultz ◽  
Thomas J Lopez
Keyword(s):  
Accounting Estimates ◽  
The Impact
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