Goodwill impairment : an empirical investigation of write-offs under SFAS 142 ; mit deutscher Zusammenfassung / / Thorsten Sellhorn

• Record Nr.: UNINA9910297043303321
• Autore: Sellhorn Thorsten
• Pubbl/distr/stampa: Bern, : Peter Lang International Academic Publishing Group, 2018; Frankfurt am Main, Germany : , : Peter Lang, , [2004]; Frankfurt am Main, Germany : , : Peter Lang, , [2018]; ©2004
• ISBN: 3-631-75498-1
• Edizione: [1st ed.]
• Descrizione fisica: 1 online resource (XXVII, 323 pages) : illustrations, charts; digital, PDF file(s)
• Collana: Bochumer Beiträge zur Unternehmungsführung und Unternehmensforschung ; ; Band 70
• Soggetti: Goodwill (Commerce) - United States; Write-offs; Accounting - United States
• Lingua di pubblicazione: Inglese
• Formato: Materiale a stampa
• Livello bibliografico: Monografia
• Note generali: Also published as the author’s doctoral thesis Bochum, 2004.
• Nota di bibliografia: Includes bibliographical references.
• Nota di contenuto: Cover -- List of abbreviations -- List of symbols -- List of figures -- List of tables -- 1 Introduction -- 1.1 Problem -- 1.2 Research question and contribution -- 1.3 Outline -- 2 The goodwill debate -- 2.1 Chapter overview -- 2.2 The concept of goodwill -- 2.3 Main issues -- 2.3.1 Pooling and purchase methods illustrated -- 2.3.2 Arguments raised in the discussion -- 2.3.2.1 Conceptual issues -- 2.3.2.2 Status quo of accounting rules -- 2.3.2.2.1 United States -- 2.3.2.2.2 International Accounting Standards -- 2.3.2.2.3 Germany -- 2.3.2.3 Practical issues -- 2.3.3 Theoretical analysis of arguments raised -- 2.4 Empirical evidence relevant to the goodwill debate -- 2.4.1 Overview -- 2.4.2 Research questions -- 2.4.3 Direct evidence -- 2.4.3.1 Survey evidence -- 2.4.3.2 Determinants of goodwill write-offs -- 2.4.3.3 Determinants of other goodwill-related financial reporting decisions -- 2.4.3.3.1 Influence of goodwill accounting rules on acquisition premiums -- 2.4.3.3.2 Determinants of purchase price allocation decisions -- 2.4.3.3.3 Determinants of amortization parameters -- 2.4.3.4 Determinants of the purchase/pooling choice -- ; 2.4.3.4.1 Factors influencing the purchase/pooling choice -- 2.4.3.4.2 Managers' willingness to "purchase" the pooling method -- 2.4.3.5 Managers' lobbying for goodwill-related accounting rules -- 2.4.4 Indirect evidence -- 2.4.4.1 Experimental evidence -- 2.4.4.2 Information content of goodwill write-offs -- 2.4.4.3 Value relevance of goodwill book value and amortization -- 2.4.4.3.1 Balance sheet approach -- 2.4.4.3.2 Combined balance sheet and income statement approaches -- 2.4.4.3.3 Income statement approach -- 2.4.4.3.4 International comparison studies -- 2.4.4.4 Market reactions to the purchase/pooling decision -- 2.4.4.5 Market reactions to mandated changes in accounting rules for business combinations.; 2.5 Summary and implications -- 3 Empirical research on discretionary asset write-offs -- 3.1 Chapter overview -- 3.2 Discretionary asset write-offs as a subject of accounting research -- 3.3 Determinants of write-off behavior -- 3.3.1 Earnings management as an explanatory factor -- 3.3.1.1 Earnings management defined -- 3.3.1.2 Overview of the earnings management literature -- 3.3.1.3 Discretionary asset write-offs and earnings management -- 3.3.2 Theory, hypotheses, and main findings -- 3.3.2.1 Overview -- 3.3.2.2 Economic factors -- 3.3.2.3 Economic-consequences incentives -- 3.3.2.3.1 Intellectual roots: Positive accounting theory -- 3.3.2.3.2 Application to financial reporting decisions -- 3.3.2.3.3 Accounting earnings-based compensation schemes -- 3.3.2.3.4 Accounting-based debt covenants in lending agreements -- 3.3.2.3.5 Political costs -- 3.3.2.3.6 Discriminating between competing hypotheses -- 3.3.2.4 Capital market-related incentives -- 3.3.2.4.1 Theoretical fundamentals -- 3.3.2.4.2 Management's interest in the firm's stock price -- 3.3.2.4.3 Maximizing earnings -- 3.3.2.4.4 Income smoothing -- 3.3.2.4.5 Target accounting -- 3.3.2.4.5.1 Prevalence of target accounting -- 3.3.2.4.5.2 Importance of earnings targets -- 3.3.2.4.5.3 Cross-sectional differences in target-accounting behavior -- 3.3.2.4.5.4 Market reactions to target accounting -- 3.3.2.4.6 Big bath -- 3.3.2.4.7 Rating -- 3.3.2.4.8 Specific considerations regarding accounting changes and other transitory earnings components -- 3.3.2.5 Factors restricting management discretion -- 3.4 Financial statement users' view of discretionary asset write-offs -- 3.4.1 Information perspective of financial reporting -- 3.4.2 Research approaches -- 3.4.3 Main findings -- 3.4.3.1 Information content studies -- 3.4.3.2 Association studies -- 3.5 Summary and implications.; 4 Discretionary properties of the impairment-only approach -- 4.1 Chapter overview -- 4.2 Main provisions of SFAS 141 and 142 -- 4.3 Frequency -- 4.3.1 Annual testing -- 4.3.1.1 Rule -- 4.3.1.2 Exception -- 4.3.2 Unscheduled testing when circumstances warrant -- 4.4 Level of aggregation -- 4.5 Existence -- 4.5.1 Reporting unit fair value -- 4.5.1.1 Quoted market prices -- 4.5.1.2 Present value techniques -- 4.5.1.2.1 Measuring fair value as the objective -- 4.5.1.2.2 Measurement techniques -- 4.5.1.3 Multiples -- 4.5.1.4 Preliminary conclusion -- 4.5.2 Carrying value of reporting unit net assets -- 4.5.2.1 Allocating assets and liabilities -- 4.5.2.2 Allocating goodwill -- 4.5.3 Disposal -- 4.6 Measurement -- 4.6.1 Fair value of reporting unit net assets -- 4.6.1.1 Fictitious purchase price allocation -- 4.6.1.2 Recognition -- 4.6.1.3 Measurement -- 4.6.2 Inclusion of estimates -- 4.7 Transition -- 4.7.1 Effective date and initial application -- 4.7.2 Transitional impairment test -- 4.7.3 Transitional presentation and disclosures -- 4.7.4 Reclassification of goodwill and intangible assets -- 4.8 Intermediate results -- 5 Empirical investigation of write-off determinants -- 5.1 Chapter overview -- 5.2 Hypothesis development -- 5.2.1 Overview -- 5.2.2 Economic factors -- 5.2.3 Financial ; reporting incentives -- 5.2.3.1 Economic-consequences incentives -- 5.2.3.1.1 Compensation -- 5.2.3.1.2 Debt covenants -- 5.2.3.1.3 Political costs -- 5.2.3.2 Capital market-related incentives -- 5.2.3.2.1 Target accounting -- 5.2.3.2.1.1 General decision model -- 5.2.3.2.1.2 Firms exceeding earnings targets -- 5.2.3.2.1.3 Firms falling short of earnings targets -- 5.2.3.2.2 Rating -- 5.2.4 Control variables -- 5.3 Research design and descriptive information -- 5.3.1 Variable definition -- 5.3.2 Sample selection -- 5.3.3 Descriptive statistics and comparative analyses.; 5.4 Regression analysis -- 5.4.1 Methods employed in studies of write-off determinants -- 5.4.1.1 Qualitative dependent variables: The write-off decision -- 5.4.1.2 Limited dependent variables: The write-off amount -- 5.4.2 Summary of hypotheses -- 5.4.3 Analysis of the write-off decision -- 5.4.3.1 Full-sample test -- 5.4.3.2 Tests for robustness -- 5.4.3.3 Sub-sample tests -- 5.4.4 Analysis of the write-off amount -- 5.4.4.1 Full-sample test -- 5.4.4.2 Tests for robustness -- 5.4.4.3 Sub-sample tests -- 5.5 Inferences -- 5.5.1 Summary of findings -- 5.5.2 Limitations -- 6 Conclusion -- Appendix -- List of references -- List of accounting pronouncements and legal provisions.
• Sommario/riassunto: In 2001, goodwill amortization in the US was eliminated in favor of an impairment-only approach, which, according to critics, gives managers vast discretion and opportunities for earnings management. Prior research suggests that discretionary asset write-offs are associated with economic factors and managers’ financial reporting objectives. Based on a systematic literature review, this study investigates for a comprehensive sample of US firms the determinants of goodwill write-off behavior. Regression analysis shows that write-off behavior is significantly explained by firms’ economic properties. Only in large, high-profile firms, incentives appear to be significant determinants. These findings suggest that the impairment-only approach does capture goodwill impairment at least to some extent.

More RV Chuckles and Chuckholes : More Confessions of Happy Campers

• Record Nr.: UNINA9910159503503321
• Autore: Miller Darlene
• Pubbl/distr/stampa: Chicago : , : Publication Consultants, , 2008; ©2008
• ISBN: 9781594332159; 1594332150
• Edizione: [1st ed.]
• Descrizione fisica: 1 online resource (74 pages)
• Soggetti: Recreational vehicle camping; Humor
• Lingua di pubblicazione: Inglese
• Formato: Materiale a stampa
• Livello bibliografico: Monografia
• Nota di contenuto: Cover Page -- Title Page -- Copyright -- Dedication -- Contents -- Chapter One -- Do They Understand Us RVers? -- Chapter Two -- What Do RVers Do? -- Chapter Three -- Questions Most Asked by Homebound People- -- How Do You Pay Your Bills? -- How Do You Get your Mail? -- Isn't the Price of Gas Too High to RV? -- Our Life on Wheels by Jerry LeRoy -- Chapter Four -- Alaska -- The Road to Seward by Michele Quam -- Chapter Five -- Bad RV Days -- Chapter Six -- The Perfect RV Day -- The Perfect RV Woman -- The Perfect RV Man -- Chapter Seven -- Husbands -- Chapter Eight -- RVing with Children and Grandchildren -- How to Bond with Grandchildren while Far Away -- Chapter Nine -- Other Family Members -- Chapter Ten -- Pets and Other Animals -- Only in Olema by Adrienne Kristine -- The Search for Bear in Northwest North America -- Chapter Eleven -- RV Chuckholes -- Joan's Tornado Story by Joan Pomeroy -- RV Breakdown: My RV Has a New Slant! by Adrienne Kristine -- Fresh Air by Adrienne Kristine -- Chapter Twelve -- Reenactments- War of at Mississinewa -- Searching for Fun and Frivolity -- Memories from the Lewis and Clark Expedition Reenactment in 2004 -- Chapter Thirteen -- Road Disasters -- Bill's Adventures by Bill Miller -- Things that Go Klunk on the Road by Terry Hager -- Chapter Fourteen -- Food -- - Joan's Taste of Home by Joan Pomeroy -- Chapter Fifteen -- Mechanical Problems and Errors ; -- Born to RV - With No Mechanical Genes by Terry Hager -- Chapter Sixteen -- Special RV People -- Chapter Seventeen -- Boomers.
• Sommario/riassunto: Darlene Miller has a second book about the RV lifestyle which is full of amusing anecdotes, jokes, adventures and chuckhole experiences while traveling throughout the USA and Canada. It includes stories about the search for the white Kermodei bear in British Columbia; how to stay in touch with your grandchildren while traveling and bond with other RVers while parked in the desert around Quartzsite, Arizona. Guest contributors write about the quest for New Mexican chilies; what happens when the windshield breaks in the middle of traffic on the San Franciso Bay Bridge; or how to RV when you are born with no mechanical genes.