Critical accounting policy disclosures/ by Carolyn B. Levine and Michael J. Smith

By:

Levine, Carolyn B [author]

Contributor(s):

Smith, Michael J [co author]

Material type: Text

TextSeries: Journal of Accounting, Auditing and Finance ; Volume 26, number 1Thousand Oaks, CA: Sage Publications; 2011Content type:

text

Media type:

unmediated

Carrier type:

volume

ISSN:

0148558X

Subject(s):

LOC classification:

HF5601 JOU

Online resources:

Click here to access online

Abstract: To increase investor awareness of the sensitivity of financial statements to the methods, assumptions, and estimates underlying their preparation, the Securities and Exchange Commission (SEC) proposed that firms include disclosures about critical accounting policies (CAPs) in their 10-Ks. Using a large sample of CAP disclosures from SEC filers, we provide evidence on the extent to which CAP disclosures correlate with existing financial statement information, provide new information, and corroborate theories of voluntary disclosure. We also consider the interaction among disclosures, finding limited support for disclosure decisions following a portfolio rather than an account by account approach.

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Holdings
Item type	Current library	Call number	Vol info	Copy number	Status	Notes	Date due	Barcode
Journal Article	Main Library - Special Collections	HF5601 JOU (Browse shelf(Opens below))	Vol. 26. No.1 (pages 39-76)	SP9776	Not for loan	For In House Use Only

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To increase investor awareness of the sensitivity of financial statements to the methods, assumptions, and estimates underlying their preparation, the Securities and Exchange Commission (SEC) proposed that firms include disclosures about critical accounting policies (CAPs) in their 10-Ks. Using a large sample of CAP disclosures from SEC filers, we provide evidence on the extent to which CAP disclosures correlate with existing financial statement information, provide new information, and corroborate theories of voluntary disclosure. We also consider the interaction among disclosures, finding limited support for disclosure decisions following a portfolio rather than an account by account approach.

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