In this paper it is examined whether firms following International Financial Reporting Standards （IFRS） exhibit higher accounting quality. While IFRS are supposed to improve international comparisons by harmonisatio...In this paper it is examined whether firms following International Financial Reporting Standards （IFRS） exhibit higher accounting quality. While IFRS are supposed to improve international comparisons by harmonisation and definition of strong principles, Ball （2006） and Nobes （2006） were concerned about differences in the application of IFRS cross-countries and firms. Barth, Landsman ＆ Lang （2008） stated that the flexibility of principles- based International Accounting Standards （IAS） could create incentives for firms to manage earnings. This paper contributes to analyse the impact of IFRS on accounting quality for European firms. The findings show that for firms in the European Union （EU） IFRS produce a negative effect on accounting quality that continues after 2005, when IFRS becomes mandatory. By contrast, for European firms which are not EU members the IFRS adoption increases accounting quality. These results support the concerns about IFRS application and flexibility and indicate that accounting quality does not improve just because the adoption of IFRS is mandatory.展开更多
Six Sigma was introduced as a quality management tool at Motorola in the 1980s. Since then, leading U.S. companies have gained significant financial and non-financial benefits/results from the implementation of Six Si...Six Sigma was introduced as a quality management tool at Motorola in the 1980s. Since then, leading U.S. companies have gained significant financial and non-financial benefits/results from the implementation of Six Sigma projects. Despite Six Sigma popularity, some companies have failed to gain quantifiable net financial benefits/results from Six Sigma implementation. In the process of Six Sigma implementation, vital components are critical factors and key ingredients for the success of Six Sigma projects because if these vital components do not exist, Six Sigma projects have little chance of success. Thus, this paper identifies most influencing and least influencing vital components. The results are generated from a survey conducted in U.S. Fortune 500 companies employing descriptive statistics. Based on the data analysis, ＂leadership commitment to Six Sigma＂ was the most influencing vital component and ＂overall, training on Six Sigma to reduce employee turnover＂ was the least influencing vital component.展开更多
In the increasingly fierce market competition, economic efficiency of enterprises is the fundamental for enterprise＇ s development and survival; accounting plays an important role in enterprise management. The appear...In the increasingly fierce market competition, economic efficiency of enterprises is the fundamental for enterprise＇ s development and survival; accounting plays an important role in enterprise management. The appearance of accounting industry is to meet the economic needs of management within the organization and gradually developed, its main functions is to improve operating efficiency and to establish and provide a variety of data and information, such as internal management needs. Based on this, the paper makes an analysis about the role that industry accounting play for corporate financial management in China.展开更多
New challenges have been posed to the infornmtion exchange and interconn,u;fion in financial industry with the innovalion of financial business and the development of infarmation techtinlogy. From the perspective of f...New challenges have been posed to the infornmtion exchange and interconn,u;fion in financial industry with the innovalion of financial business and the development of infarmation techtinlogy. From the perspective of financial message standardization. ISO 20022 puts forward a set of sohaions and ideas for information exchange, which have been recognized in financiat industry all around the world. Considering the variety of financial message standards and message exchange modes, it is essential to strengthen the development and application of general message standards for financial industry and build：up the general m^sage exchange platform, which wild play a significant role in guiding lhe slandardized developmenl of industry, implementing financial s/andardizalion slralegies, and enhancing the level of inlerconneclion.展开更多
Financial early-warning is the main content of corporate financial manage- ment. This paper discusses the forecasting methods of corporate financial early-warning system, and its role in enterprise financial crisis pr...Financial early-warning is the main content of corporate financial manage- ment. This paper discusses the forecasting methods of corporate financial early-warning system, and its role in enterprise financial crisis prevention. With analyzing cases to illus- trate the application of financial early-warning system in Chinese enterprises.展开更多
文摘In this paper it is examined whether firms following International Financial Reporting Standards （IFRS） exhibit higher accounting quality. While IFRS are supposed to improve international comparisons by harmonisation and definition of strong principles, Ball （2006） and Nobes （2006） were concerned about differences in the application of IFRS cross-countries and firms. Barth, Landsman ＆ Lang （2008） stated that the flexibility of principles- based International Accounting Standards （IAS） could create incentives for firms to manage earnings. This paper contributes to analyse the impact of IFRS on accounting quality for European firms. The findings show that for firms in the European Union （EU） IFRS produce a negative effect on accounting quality that continues after 2005, when IFRS becomes mandatory. By contrast, for European firms which are not EU members the IFRS adoption increases accounting quality. These results support the concerns about IFRS application and flexibility and indicate that accounting quality does not improve just because the adoption of IFRS is mandatory.
文摘Six Sigma was introduced as a quality management tool at Motorola in the 1980s. Since then, leading U.S. companies have gained significant financial and non-financial benefits/results from the implementation of Six Sigma projects. Despite Six Sigma popularity, some companies have failed to gain quantifiable net financial benefits/results from Six Sigma implementation. In the process of Six Sigma implementation, vital components are critical factors and key ingredients for the success of Six Sigma projects because if these vital components do not exist, Six Sigma projects have little chance of success. Thus, this paper identifies most influencing and least influencing vital components. The results are generated from a survey conducted in U.S. Fortune 500 companies employing descriptive statistics. Based on the data analysis, ＂leadership commitment to Six Sigma＂ was the most influencing vital component and ＂overall, training on Six Sigma to reduce employee turnover＂ was the least influencing vital component.
文摘In the increasingly fierce market competition, economic efficiency of enterprises is the fundamental for enterprise＇ s development and survival; accounting plays an important role in enterprise management. The appearance of accounting industry is to meet the economic needs of management within the organization and gradually developed, its main functions is to improve operating efficiency and to establish and provide a variety of data and information, such as internal management needs. Based on this, the paper makes an analysis about the role that industry accounting play for corporate financial management in China.
文摘New challenges have been posed to the infornmtion exchange and interconn,u;fion in financial industry with the innovalion of financial business and the development of infarmation techtinlogy. From the perspective of financial message standardization. ISO 20022 puts forward a set of sohaions and ideas for information exchange, which have been recognized in financiat industry all around the world. Considering the variety of financial message standards and message exchange modes, it is essential to strengthen the development and application of general message standards for financial industry and build：up the general m^sage exchange platform, which wild play a significant role in guiding lhe slandardized developmenl of industry, implementing financial s/andardizalion slralegies, and enhancing the level of inlerconneclion.
文摘Financial early-warning is the main content of corporate financial manage- ment. This paper discusses the forecasting methods of corporate financial early-warning system, and its role in enterprise financial crisis prevention. With analyzing cases to illus- trate the application of financial early-warning system in Chinese enterprises.
