Benjamin Titera and Dr. Earl Kay Stice, Accounting and Information Systems FASB Statements No. 141&142 concern the proper accounting for business combinations, intangible assets, and goodwill. Since the implementation of these standards had the potential to greatly influence business transactions, my research was designed to target the manner in which U.S. business executives perceive the […]
Factors Influencing the Growth and Development of Nicaraguan Small Businesses
Seth Sunderland and Dr. Ted Christiensen, School of Accountancy and Information Systems The term “small business” is relative to who is applying the term. The United States Small Business Administration classifies any business with 1 to 499 employees as a small business. In 1999 the Peace Corp issued a study on Nicaraguan businesses that defined […]
Ukrainian Financial Reporting: The Need for Change
Eldar Maksymov and Dr. Earl K Stice, School of Accounting and Information Systems Ukraine is an Eastern European country with a history of volatile economic climate. The future success and stability of the Ukrainian economy will largely depend on the government’s actions to make the economic climate more attractive to foreign investors through reforms. One […]
Has “Regulation Full Disclosure” Helped Level the Playing Field for Investors?
Chad Larson and Dr. Ted Christensen, School of Accountancy and Information Systems The Securities and Exchange Commission requires companies to file special reports, called Form 8-K reports, within five to fifteen days of important events that could affect shareholders’ investment decisions. For example, required filings include announcements of events such as mergers and acquisitions, changes […]
September 11, 2001: How Did the Airlines Account for this Tragic Event?
Terry H Jackson and Dr. Ted Christensen, Accounting and Information Systems September 11, 2001 will be a day long remembered by Americans and for people around the world. The destruction to the World Trade Center and the Pentagon not only led to the loss of many lives, but these events also affected our economy in […]
A Key Ingredient in Fraud Detection: The Net Worth Method
Chad O Albrecht and Dr. W Steve Albrecht, SOAIS When someone is suspected of committing fraud within a business, one of the most effective procedures to determine if the person is actually committing fraud is to determine their net worth by performing a calculation known as the net worth method. The net worth method is […]
Convergence of Global Accounting Standards
Eric J. Williams and Dr. Earl K. Stice, School of Accountancy and Information Systems Introduction Business is simultaneously conducted in many lands—markets are no longer restricted by boundaries or time zones. Virtually every aspect of the corporate world is changing in response to the opportunities and challenges accompanying global expansion. Adaptation by corporations must occur […]
The Value to Foreign Companies to List on US Stock Markets
Jaron H. Wilde and Dr. Erv Black and Peter Johnson, SOAIS US Stock markets are stable, highly liquid, and wealthy. To benefit from the resources these markets potentially provide many domestic and foreign companies seek to be listed on a US stock exchange. All companies wishing to list must first register with the Securities and […]
Global Influence of National Accounting Standards
Kyle T. Welch and Dr. Kay Stice, School of Accounting and Information Systems Objective The project objective is to observe the international accounting standards community responses to the recent Enron and Anderson collapse. Background Throughout time, various generations have been characterized by influential business philosophies and inventions. From a McDonalds in Moscow to the Coke […]
The Impact of Having Fewer Accounting Firms in the Auditing Profession–A Work in Process
Benjamin V. Titera and Dr. Jeff Wilks, Accounting and Information Systems As time moves on, the number of accounting firms has decreased and the lengths of the remaining firm’s names have increased. Firms such as Arthur Anderson, Coopers & Lybrand, Price Waterhouse, Touche Ross, KPMG, Ernst & Young, Peat Marwick International, Klynveld Main Goerdeler, and […]