当前位置: X-MOL 学术Advances in Accounting › 论文详情
Our official English website, www.x-mol.net, welcomes your feedback! (Note: you will need to create a separate account there.)
Derivative accounting and financial reporting quality: A review of the literature
Advances in Accounting ( IF 1.2 ) Pub Date : 2019-03-01 , DOI: 10.1016/j.adiac.2018.10.003
Stephanie A. Hairston , Marcus R. Brooks

Abstract The financial crisis of 2008 increased the call for standard setters and financial regulators to review the effectiveness of derivative regulation in improving financial reporting quality. Prior literature defines financial reporting quality as the extent to which financial statements provide information that is useful to investors and creditors in their investment decisions (Schipper, 2003; Schipper & Vincent, 2003). This review summarizes the empirical evidence regarding the effectiveness of derivative regulation in achieving its stated objective. Extant literature shows that although derivative regulations have improved information provided to investors, there is still room for improvement. Recommendations from this stream of literature suggest that the Financial Accounting Standards Board (FASB) require managers to provide more complete, transparent, and forward-looking disclosures surrounding their derivative positions (Campbell, 2015; Franco-Wong, 2000). This review may be useful to standard setters, practitioners, and accounting academics by providing a synthesis of extant academic literature on the effectiveness of current derivative regulation. As the FASB and International Accounting Standards Board (IASB) continue to expand derivative accounting rules, this review may also be useful in identifying areas for future academic research.

中文翻译:

衍生会计和财务报告质量:文献综述

摘要2008年的金融危机增加了对标准制定者和金融监管机构的要求,要求他们审查衍生品监管在提高财务报告质量方面的有效性。以前的文献将财务报告质量定义为财务报表在多大程度上提供了对投资者和债权人的投资决策有用的信息(Schipper,2003; Schipper&Vincent,2003)。这篇综述总结了有关衍生产品监管在实现其既定目标方面的有效性的经验证据。现有文献表明,尽管衍生法规改善了向投资者提供的信息,但仍有改进的空间。这些文献的建议表明,财务会计准则委员会(FASB)要求管理人员围绕其派生头寸提供更完整,透明和前瞻性的披露(Campbell,2015; Franco-Wong,2000)。通过提供有关当前派生监管有效性的现有学术文献的综述,该评论对于标准制定者,从业人员和会计学者可能是有用的。随着FASB和国际会计准则理事会(IASB)继续扩大衍生会计准则,这项审查对于确定未来的学术研究领域可能也很有用。和会计学者,通过提供有关当前派生监管有效性的现有学术文献的综述。随着FASB和国际会计准则理事会(IASB)继续扩大衍生会计准则,这项审查对于确定未来的学术研究领域可能也很有用。和会计学者,通过提供有关当前派生监管有效性的现有学术文献的综述。随着FASB和国际会计准则理事会(IASB)继续扩大衍生会计准则,这项审查对于确定未来的学术研究领域可能也很有用。
更新日期:2019-03-01
down
wechat
bug