Rules and Accounting: Vagueness in Conceptual Frameworks

Penno, Mark

doi:10.2308/acch.2008.22.3.339

Cited by 41 publications

(22 citation statements)

References 20 publications

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“…Compelling empirical research questions arise from this, for instance: How is the interpretation of verbal probabilities (Doupnik & Richter, 2003, 2004Doupnik & Riccio, 2006) associated with accountants' cognitive reflection abilities? Is the classification of items in accordance with vague standards (Penno, 2008;Cardoso & Aquino, 2009) contingent on accountants' CRT scores? Is the ability to interpret graphical information (Cardoso, Leite & Aquino, 2016) associated with cognitive reflection abilities?…”

Section: Discussionmentioning

confidence: 99%

An Assessment of Professional Accountants' Cognitive Reflection Ability

Barcellos¹,

Cardoso²,

Aquino³

2016

ASAA Journal

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In this paper, we map Brazilian professional accountants' cognitive reflection abilities, exploring the demographic characteristics associated with such ability. To operationalize individuals' cognitive reflection ability, we use the Cognitive Reflection Test (CRT). Our sample consists of 4,902 Brazilian accountants who voluntarily answered an online survey. We analyze data using three ordered logistic regression (ologit) models that provide a good fit for our data set. Our exploratory analysis reveals that male Brazilian accountants tend to be more reflective than their female counterparts. We also find that professional accountants tend to become less reflective, and, consequentially, more impulsive, as they age. Besides that, we present evidence that preparers and managers working for larger companies tend to be less reflective than their counterparts working for smaller firms. Additionally, our results suggest that auditors' scores on CRT are significantly higher than preparers' , analysts' , managers' and professors' scores, raising interesting questions for future research. Our findings contribute not only to the literature in accounting and psychology, but also for practitioners interested in understanding how cognitive reflection abilities relate to demographic characteristics within the accounting field. Since cognitive reflection abilities significantly affect JDM quality, as reported in previous studies, the importance of our findings connects to the remarkable role that JDM plays in several fields of accounting activity.To our knowledge, our study is the first to assess how demographic individual characteristics predict CRT scores looking at professionals that share a background in a very specific area. Besides, we use the largest data set that we are aware of for studies of similar nature.

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Section: Discussionmentioning

confidence: 99%

An Assessment of Professional Accountants' Cognitive Reflection Ability

Barcellos¹,

Cardoso²,

Aquino³

2016

ASAA Journal

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“…A principles‐based approach is one means of enhancing professional judgement, which has been described as a hallmark feature of a profession (Bradbury and Schroder 2012). As Penno (2008) indicates, where there is any vagueness, judgement is a valuable professional skill to have.…”

Section: Implications Of Ifrs For Accounting Education In the Futurementioning

confidence: 99%

Some Implications of IFRS Adoption for Accounting Education

Jackling¹,

Howieson²,

Natoli³

2012

Australian Accounting Review

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This paper addresses challenges accounting educators face in their teaching following the adoption of International Financial Reporting Standards (IFRS). We use Australia as an example of a developed nation and 2005 adopter of IFRS, the United States as a potential adopter, and Romania as an emerging economy with a history of harmonisation and adoption initiatives. Accounting educators globally need to strengthen their engagement with the principles‐based approach to teaching IFRS. Teaching resources, educational research and Continuing Professional Development activities related to a principles‐based approach to teaching IFRS are necessary for educators to enrich the learning experience of students given the move from a rules‐based to a principles‐based set of accounting standards.

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“…O relatório final da equipe do AAA critica a enunciação de características qualitativas. O framework deveria evitar o uso de termos vagos (Penno, 2008) e não deveria reiterar o senso comum (AAA, 2010). Entretanto, a audiência dos seminários realizados na sede da Esaf em 2009 ressaltou a necessidade de se deixar claro o que se espera em termos de qualidade da informação de custos.…”

Section: Características Qualitativas Da Informação De Custosunclassified

Reflexões para um framework da informação de custos do setor público brasileiro

2011

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O presente artigo sumariza uma proposta de framework da informação de custos para o setor público no Brasil. A proposta emergiu de contribuições promovidas pelo governo central no Brasil na realização de duas equipes de trabalho, a primeira pela comissão interministerial em 2005, e a segunda coordenada pelo Ministério da Fazenda em 2008/09. Essas contribuições foram validadas em relação às críticas veiculadas no meio acadêmico quanto às estruturas conceituais da contabilidade financeira (framework) emitidas pelo International Accounting Standards Board e Financial Accounting Standards Board, e em relação à literatura internacional de implantação de sistemas de custos no setor público. A adoção de um sistema de custos é exigida para as entidades públicas no Brasil desde 1964; entretanto, somente agora é objeto de um trabalho conduzido pelo Ministério da Fazenda para o governo federal, cujos primeiros resultados serão divulgados neste ano. O acórdão emitido pelo Tribunal de Contas da União em 2004, determinando que a legislação seja observada, tende a ampliar tal adoção. Contudo, a adoção não é suficiente, é necessária a utilização, que é função da relevância percebida da informação de custos. Sugere-se que a difusão da adoção e uso de sistemas de custos no setor público brasileiro seja feita através de uma implantação gradual, flexível, mediante a adoção do regime de competência, e baseada num framework único e comum às diversas entidades.

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Rules and Accounting: Vagueness in Conceptual Frameworks

Cited by 41 publications

References 20 publications

An Assessment of Professional Accountants' Cognitive Reflection Ability

An Assessment of Professional Accountants' Cognitive Reflection Ability

Some Implications of IFRS Adoption for Accounting Education

Reflexões para um framework da informação de custos do setor público brasileiro

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