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An analysis of factors influencing asset writedowns

Article Abstract:

This study investigates the magnitude of total asset writedowns for a random sample of Australian industrial companies. We adopt an income strategy approach in operationalising our magnitude of writedowns construct to consider the set of accounting policies and negative accruals potentially available to managers. Our focus is on the incentives for and constraints on management to make asset writedowns. We find that the magnitude of writedowns observed are associated with managers' incentives to writedown impaired assets that have declined in value, as well as the firm's capacity to absorb the financial statement effects of the writedown. The number of senior management changes found to be associated with greater writedowns in prior studies is also supported in this study when only writedowns taken to the income statement are considered. The quality of corporate governance mechanisms does not vary systematically with the magnitude of writedowns. (Reprinted by permission of the publisher.)

Research, Financial statements, Disclosure statements (Accounting), Assets (Accounting)

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An analysis of the implications of diversity for students' first level accounting performance

Article Abstract:

Research on Australian accounting undergraduates shows that accounting students who study on campus markedly outperform students who study via distance education. On-campus international students performed better than domestic students of either type; off-campus international students performed the poorest among the groups.

Australia, Accounting Methods, All Other Miscellaneous Schools and Instruction, Vocational schools, not elsewhere classified, Home Study Educatn Svcs, Accounting, Demographic aspects, Comparative analysis, Study and teaching, Academic achievement, Intercultural education, Multicultural education, Distance education, Business students

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Capitalized intangibles and financial analysts

Article Abstract:

The impact of capitalized intangibles on a company's financial forecasts is evaluated.

United States, Management dynamics, Management, Company business management, Income forecasting, Market capitalization

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