The role of accounting values in the relation between XBRL and forecast accuracy

Liu, Chunhui; O'Farrell, Grace

doi:10.1108/ijaim-03-2013-0023

Cited by 32 publications

(31 citation statements)

References 65 publications

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“…Firstly, the contingent factors used in prior studies on MAS were mainly (1) perceived environmental uncertainty (PEU) (Abdel-kader and Luther, 2008;Mat, 2010;Erserim, 2012), (2) task uncertainty (Chong and Egelton, 2003), (3) Budgetary participation (Tsui, 2001;Cheng, 2012), (4) Strategy (Bouwens and Abernethy, 2000;Jermias and Gani, 2004) and (5) Culture (Liu and O'Farrell, 2013;Yao et al, 2010). It can be observed that previous studies concentrated more on the contingent variables like perceived environmental uncertainty (PEU), budgetary participation and strategy.…”

Section: Introductionmentioning

confidence: 99%

The mediating effect of management accounting system on the relationship between competition and managerial performance

Ghasemi

Mohamad

Karami

et al. 2016

IJAIM

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Purpose This study aims to examine the effect of interaction between market competition and management accounting system (MAS) characteristics on managerial performance. Scope of the study is concentrated on Iranian financial organizations and managers of these organizations were identified as respondents for the questionnaire survey. Design/methodology/approach This study used the SmartPLS to analyze the data, and the model of the study was estimated with structural equation modeling (SEM). It follows the recommended two-stage analytical procedures of SEM: assessing confirmatory measurement models (factor analysis) and confirmatory structural models (path analysis). Findings The study uncovered the existence of direct relationships between competition and MAS, and between MAS and managerial performance. The study also confirmed that the relationship between competition and managerial performance is mediated by MAS. Research limitations/implications The findings provide valuable insights to guide managers in financial organizations to improve their performance through suitable MAS by considering internal and environmental factors. Recommendations on how to improve MAS and managerial performance are provided accordingly. Originality/value Prior researches confirm that there is no unique and universal MAS for all organizations, as this depends on internal firm characteristics and environmental features. However, there has been a lack of empirical evidence on MAS researches in the service organizations.

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Section: Introductionmentioning

confidence: 99%

The mediating effect of management accounting system on the relationship between competition and managerial performance

Ghasemi

Mohamad

Karami

et al. 2016

IJAIM

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“…Their results found a significant improvement in analyst forecast accuracy since XBRL mandates [32,33].…”

Section: Validity Of Xbrlmentioning

confidence: 96%

The Prediction of Earnings Movements Using Accounting Data: Using XBRL

Baranes¹,

Palas²

2017

Int J Account Res

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These studies highlight the necessity to develop a tool to better predict future earnings and help develop various investment strategies.Many research papers have concentrated on the importance of earnings announcements and forecasts in the determination of investment decisions. While earlier research has only been able to show relatively low informativeness of earnings later studies were able to show the incremental information content of specific components of the financial statements [4][5][6][7]. For example, Finger et al. show that earnings provide information for future earnings and cash flows, and predict sign changes in the earnings per share using forecasting models developed from various income statement and balance sheet components [8][9][10]14]. Shroff et al. assess the predictive ability of a "composite" model, which forecasts as a function of current earnings and current security prices, against three univariate benchmarks: a random walk model, a random walk with drift model, and a first order autoregressive/moving average (ARIMA) model [11]. The findings indicate that the composite model obtains significantly lower forecast errors relative to the benchmark models. Sletten et al. find that earnings informativeness is higher in bad-news periods than in good-new periods [12]. Alam et al. were able to show that disaggregated earnings data were better able to predict next period's earnings in the banking industry [13].Ou et al. were the first researchers to focus on the usefulness of accounting information to predict the direction of movement of earnings relative to trend adjusted current earnings [10,14]. The study is important because it evaluates whether accounting information can consequently be used as the basis for profitable investment strategy. Given investors' reliance on earnings this could be a valuable tool for a profitable investment strategy. The authors found that financial statement analysis can provide a measure that is an indicator of future earnings which in turn is used as a successful investment strategy. However, the evidence from subsequent studies has been mixed [15][16][17][18][19].One objective of this study is to repeat the original Ou et al. study over a more recent time period and provide a viable tool for investment decisions. However, the main objective is to examine the methodology using, not the original COMPUSAT database, but the XBRL database. XBRL (extensible Business Reporting Language) is a freely available and global standard for exchanging business information. XBRL allows the expression of semantic meaning commonly required in business reporting. One use of XBRL is to define and exchange financial information, such as a financial statement [10,14].The SEC has created the XBRL US GAAP Financial Reporting Taxonomy. This taxonomy is a collection of accounting data concepts and rules that enables companies to present their financial reports electronically. The SEC's deployment was launched in 2008 in phases, and all public US GAAP companies were required to file the...

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“…-XBRL e Business Inteligence -BI, por exemplo, são temas de trabalho e estudo (RICCIO, 2001;REGINATO;NASCIMENTO, 2007;PETRINI;POZZEBON, 2009;LIU;O'FARRELL, 2013;KANELLOU;SPATHIS, 2013;FARIAS, 2014;SILVA, 2016;FERREIRA et al, 2018) dos profissionais e acadêmicos da contabilidade, em especial na disciplina de Sistemas de Informações Contábeis.…”

Section: Hoje Enterprise Resource Planning -Erp Extensible Businessunclassified

Como Alunos De Contabilidade Percebem a Contribuição De Contadores Para a Adoção De Práticas De Sustentabilidade E De Green It Nas Organizações

2019

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Este estudo avaliou a importância de disciplinas sobre sustentabilidade e Tecnologia da Informação/Sistema de Informação (TI/SI) para formar a percepção de estudantes de graduação e pós-graduação stricto sensu em contabilidade, da Região Metropolitana do Rio de Janeiro, no tema sustentabilidade em TI/SI. Os resultados confirmam os achados da literatura de que muitos alunos de contabilidade chegam ao final do curso sem ter nenhum contato com essas disciplinas e que, na percepção dos respondentes, a contribuição mais importante dos contadores para a sustentabilidade em TI/SI é controlar e avaliar o desempenho de indicadores físicos e financeiros de TI. Por outro lado, uma das contribuições menos importantes foi reportar desempenho ambiental.

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The role of accounting values in the relation between XBRL and forecast accuracy

Cited by 32 publications

References 65 publications

The mediating effect of management accounting system on the relationship between competition and managerial performance

The mediating effect of management accounting system on the relationship between competition and managerial performance

The Prediction of Earnings Movements Using Accounting Data: Using XBRL

Como Alunos De Contabilidade Percebem a Contribuição De Contadores Para a Adoção De Práticas De Sustentabilidade E De Green It Nas Organizações

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