The Estimation Problem in Financial Accounting

Brief, Richard P.; Owen, Joel

doi:10.2307/2490105

Cited by 27 publications

(14 citation statements)

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“…To determine if a firm's financial reporting includes earning's estimates that previously manipulated for whatever purpose Beneish [7][8][9][10][11][12] produced evidence that accounting principles were violated and/or altered with purpose of manipulating earnings estimates. Their purpose varied from influence rate of return estimates used by external investors and their recommendations by financial earnings estimators and "Wall Street Mavens" to retaining corporate executives from the CEO down.…”

Section: Assessment Of Estimates From Accounting Reportsmentioning

confidence: 99%

The Problems of Accounting Reporting False Information and Estimation

Jarrett¹

2016

Intel Prop Rights

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The purpose is to review the development of estimation theory in accounting and to show how it affects a certain principle involved with account for events that do not exchange cash or cash equivalents. The purpose is to give support that earnings and rate of return manipulations not based in accounting principle explain much of the manipulation of earnings and income reports as well as the valuation of assets.

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Section: Assessment Of Estimates From Accounting Reportsmentioning

confidence: 99%

The Problems of Accounting Reporting False Information and Estimation

Jarrett¹

2016

Intel Prop Rights

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“…Early academic discussions with respect to the appropriateness of the matching principle include Brief and Owen (1969), Brief and Owen (1970) and Jarrett (1971).…”

Section: The Concept Of Matching and Related Literaturementioning

confidence: 99%

Matching between revenues and expenses and the adoption of International Financial Reporting Standards

Jia

Shan

Taylor

2015

Pacific-Basin Finance Journal

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“…Yet the judgement of 'theoretical correctness' depends on the objective of measurement assumed in each case. Brief and Owen (1970) sought a means to estimate the long run rate of return from the known period return, assuming measurement of the former to be the objective. Lane and Willett (1997) argued that depreciation calculated using a probabilistic stochastic model should improve the statistical property of earnings as an estimator of long run cash flow.…”

Section: Jb Ryanmentioning

confidence: 99%

Financial accounting reform: the need for a 'back to basics' approach for profit measurement and wealth measurement

Ryan

2014

IJEA

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By recognising the dual purposes of financial accounting, and developing distinct theories to guide the preparation of financial reports, the apparent internal contradictions in accounting theory can be resolved. Property rights and measurement theory provide the basis for explaining transaction-based profit measurement and funds commitment, and for a statement of wealth measured using market prices. Property rights are recognised in The New Institutional Economics. Going beyond accepted accounting conventions, property rights provide the qualitative, empirical property giving meaning to accounting practice for profit measurement through the 1940s to 1960s. Examples of profit and of wealth measurement are included. Abstract: By recognising the dual purposes of financial accounting, and developing distinct theories to guide the preparation of financial reports, the apparent internal contradictions in accounting theory can be resolved. Property rights and measurement theory provide the basis for explaining transaction-based profit measurement and funds commitment, and for a statement of wealth measured using market prices. Property rights are recognised in The New Institutional Economics. Going beyond accepted accounting conventions, property rights provide the qualitative, empirical property giving meaning to accounting practice for profit measurement through the 1940s to 1960s. Examples of profit and of wealth measurement are included.

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The Estimation Problem in Financial Accounting

Cited by 27 publications

References 0 publications

The Problems of Accounting Reporting False Information and Estimation

The Problems of Accounting Reporting False Information and Estimation

Matching between revenues and expenses and the adoption of International Financial Reporting Standards

Financial accounting reform: the need for a 'back to basics' approach for profit measurement and wealth measurement

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