Judy Beckman - Academia.edu (original) (raw)

Papers by Judy Beckman

Research paper thumbnail of Progress Despite Uncertainty: Results of the AAA/KPMG Survey on Implementation of IFRS into U.S. Accounting Curricula

Research paper thumbnail of Consolidation accounting: An update on FASB projects on consolidations, business combinations, and intangible assets

Journal of Corporate Accounting & Finance

Research paper thumbnail of FASB and IASB diverging perspectives on the new lessee accounting

International Journal of Managerial Finance

Purpose – The purpose of this paper is to demonstrate the expected effect of diverging accounting... more Purpose – The purpose of this paper is to demonstrate the expected effect of diverging accounting requirements and practices on firms in two industries – construction and retailing – which typically undertake different types of leases, namely, equipment and real estate, respectively. The paper also discusses how the new standards will provide expanded disclosures to aid this financial statement analysis. Design/methodology/approach – The research demonstrates how to estimate information comparable to that produced under IFRS from US GAAP financial statements and estimates the significance of the impact on key financial statement ratios. Findings – Key profitability ratios – return on assets and return on equity – generally improve over the time period 2007-2013 while interest coverage drastically deteriorates particularly for retailing firms. This finding contrasts with what some view as the Financial Accounting Standards Board’s reason for its choice of income statement presentatio...

Research paper thumbnail of Introductory comments for the special edition on the effects of International Financial Reporting Standards (IFRS)

International Journal of Managerial Finance

Research paper thumbnail of Abnormal returns of Japanese acquisition bidders—impact of pro-M&A legislation in the 1990s

Pacific-Basin Finance Journal, 2006

This paper examines the market's reaction to news of corporate me... more This paper examines the market's reaction to news of corporate mergers and acquisitions (M&A) by Japanese bidders during the 1990s. Domestic versus global bids and pro-M&A legislation are considered as determinants of bidders' abnormal returns. The results show that bidders for domestic targets earn significant abnormal returns after the institutions of pro-M&A legislation in Japan. These findings help determine gains

Research paper thumbnail of Book Reviews: Cases in Management Accounting: Current Practices in European Countries ; The Japanese Style of Business Accounting ; IAS 2002 Interpretation and Application of International Accounting Standards ; Hong Kong Auditing: Economic Theory and Practice

Research paper thumbnail of Financial Reporting Challenges in a Global Reporting Environment�The Case of SAP

Issues in Accounting Education, Nov 1, 2007

EXHIBIT 1 SAP's Revenue Breakdown by Type of Activity (2005) in = C millions and percent Software... more EXHIBIT 1 SAP's Revenue Breakdown by Type of Activity (2005) in = C millions and percent Software 2.783 33% Other 73 1% Consulting 2.139 25% Training 343 4%

Research paper thumbnail of German Reporting Practices in Comparison to IFRS and US GAAP

Research paper thumbnail of Business combinations and intangible assets: Is the FASB's focus too narrow?

Journal of Corporate Accounting & Finance, 1998

Research paper thumbnail of The influence of underwriter reputation, keiretsu affiliation, and financial health on the underpricing of Japanese IPOs

Pacific-Basin Finance Journal, 2001

This research examines initial public offering IPO underpricing in Japan between 1980 and 1998. C... more This research examines initial public offering IPO underpricing in Japan between 1980 and 1998. Consistent with prior research, we find no evidence that underwriter reputation influences the level of mispricing. Keiretsu-affiliated firms are more fully priced, though healthy firms and healthy keiretsu-affiliated firms are significantly more underpriced, than are other firms. The mispricing of healthy firms occurs prior to implementation of the discriminatory price auction system and is consistent with a high demand for these IPO firms. Reduced mispricing of keiretsu firms during the post-auction period is consistent with the notion that they have more stable earnings than other firms.

Research paper thumbnail of Book Reviews: Cases in Management Accounting: Current Practices in European Countries ; The Japanese Style of Business Accounting ; IAS 2002 Interpretation and Application of International Accounting Standards ; Hong Kong Auditing: Economic Theory and Practice

Journal of International Accounting Research, 2003

A major aim of this book is to make European management accounting practices available to a wider... more A major aim of this book is to make European management accounting practices available to a wider audience. Reflecting the cultural and individual diversity of the continent, the cases reveal corresponding variations in practice. The cases also reveal the changing role of management accounting over time as it has become more involved in areas such as human resources, marketing, and product development and has drawn on nonfinancial and prospective information to aid decision making. As well as helping European students identify with the "local" empirical material, the cases are also useful for non-European scholars seeking to understand both global trends and the divergences and commonalities that are revealed through studying management accounting in its organizational and institutional context. The 15 cases are drawn from a number of countries with a strong contingent from Scandinavia. The latter emphasis is not surprising given the strong tradition of case-based research in these countries. The introductory chapter usefully introduces some models and processes of organizational change reviewing some of the drivers of change in European countries. The chapter then groups the cases according to the main themes of decision making, customer orientation, performance management, and organizational change. In common with global trends, the themes are partly informed by innovations such as ABC/ABM. In other cases, more local influences, such as the privatization of former state-owned industries, are driving change. The cases are set in a variety of industries including service, financial, and nonprofit-making sectors, as well as manufacturing. The scope of the organizations varies from international enterprises to more localized national concerns. Most of the cases are of identifiable organizations and all are well illustrated with authentic organizational charts, accounting data, tables, and work sheets. Each case has a series of questions at the end of the chapter in order to direct student activity and discussion. The book also has a comprehensive website from which it is possible to download detailed teaching notes and other supplementary material. Most major management accounting textbooks have improved greatly in their use of "focus on practice" boxes and end-of-chapter case studies. The advantage of this sort of book is that the case studies can be longer and richer than in the mainstream textbooks. One possible weakness is that only one of the cases asks the students to perform calculations, with the main emphasis being on discussion and critical appreciation. From this point of view, the book probably works best either as a supplement to orthodox texts or as a main text in a specialist course on management accounting case studies. The specialist course, which pulls together the various techniques and tools of management accounting and invites the students to apply them in a variety of business and organizational contexts, is an emerging feature of both university and professional accounting courses. This book should make a valuable contribution to the successful delivery of such courses.

Research paper thumbnail of Extinguishment of debt by in-substance defeasance: Managerial perspectives

Journal of Corporate Accounting & Finance, 1989

Research paper thumbnail of German Reporting Practices: An Analysis of Reconciliations from German Commercial Code to IFRS or US GAAP

Advances in International Accounting, 2007

This paper presents the results of research analyzing reconciliations of net income and stockhold... more This paper presents the results of research analyzing reconciliations of net income and stockholders' equity from reports prepared according to Germany's Commercial Code (HGB) to either International Financial Reporting Standards (IFRS) or US Generally Accepted Accounting Principles (US GAAP). We describe the distribution of the reconciling items and assess their value relevance to firm market values 3 months after the financial statement date. The work helps to identify many issues not apparent from research that focuses only on promulgated accounting standards. Among other things, the research presented in this paper demonstrates that, when reconciling to IFRS or US GAAP, German companies must reverse significant software and film licensing revenue. Other areas of significant difference, not surprisingly, show greater conservatism in reporting under HGB than IFRS or US GAAP, particularly in asset capitalizations and write-offs as well as in accruals of provisions and reserves. The latter category is value relevant to the

Research paper thumbnail of Abnormal returns of Japanese acquisition bidders—impact of pro-M&A legislation in the 1990s

This paper examines the market's reaction to news of corporate mergers and acquisitions (M&A) by ... more This paper examines the market's reaction to news of corporate mergers and acquisitions (M&A) by Japanese bidders during the 1990s. Domestic versus global bids and pro-M&A legislation are considered as determinants of bidders' abnormal returns. The results show that bidders for domestic targets earn significant abnormal returns after the institutions of pro-M&A legislation in Japan. These findings help determine gains from trading strategies for M&A deals in Japan, and provide insight into the current M&A environment in Japan as shaped by pro-M&A legislation.

Research paper thumbnail of Progress Despite Uncertainty: Results of the AAA/KPMG Survey on Implementation of IFRS into U.S. Accounting Curricula

Research paper thumbnail of Consolidation accounting: An update on FASB projects on consolidations, business combinations, and intangible assets

Journal of Corporate Accounting & Finance

Research paper thumbnail of FASB and IASB diverging perspectives on the new lessee accounting

International Journal of Managerial Finance

Purpose – The purpose of this paper is to demonstrate the expected effect of diverging accounting... more Purpose – The purpose of this paper is to demonstrate the expected effect of diverging accounting requirements and practices on firms in two industries – construction and retailing – which typically undertake different types of leases, namely, equipment and real estate, respectively. The paper also discusses how the new standards will provide expanded disclosures to aid this financial statement analysis. Design/methodology/approach – The research demonstrates how to estimate information comparable to that produced under IFRS from US GAAP financial statements and estimates the significance of the impact on key financial statement ratios. Findings – Key profitability ratios – return on assets and return on equity – generally improve over the time period 2007-2013 while interest coverage drastically deteriorates particularly for retailing firms. This finding contrasts with what some view as the Financial Accounting Standards Board’s reason for its choice of income statement presentatio...

Research paper thumbnail of Introductory comments for the special edition on the effects of International Financial Reporting Standards (IFRS)

International Journal of Managerial Finance

Research paper thumbnail of Abnormal returns of Japanese acquisition bidders—impact of pro-M&A legislation in the 1990s

Pacific-Basin Finance Journal, 2006

This paper examines the market's reaction to news of corporate me... more This paper examines the market's reaction to news of corporate mergers and acquisitions (M&A) by Japanese bidders during the 1990s. Domestic versus global bids and pro-M&A legislation are considered as determinants of bidders' abnormal returns. The results show that bidders for domestic targets earn significant abnormal returns after the institutions of pro-M&A legislation in Japan. These findings help determine gains

Research paper thumbnail of Book Reviews: Cases in Management Accounting: Current Practices in European Countries ; The Japanese Style of Business Accounting ; IAS 2002 Interpretation and Application of International Accounting Standards ; Hong Kong Auditing: Economic Theory and Practice

Research paper thumbnail of Financial Reporting Challenges in a Global Reporting Environment�The Case of SAP

Issues in Accounting Education, Nov 1, 2007

EXHIBIT 1 SAP's Revenue Breakdown by Type of Activity (2005) in = C millions and percent Software... more EXHIBIT 1 SAP's Revenue Breakdown by Type of Activity (2005) in = C millions and percent Software 2.783 33% Other 73 1% Consulting 2.139 25% Training 343 4%

Research paper thumbnail of German Reporting Practices in Comparison to IFRS and US GAAP

Research paper thumbnail of Business combinations and intangible assets: Is the FASB's focus too narrow?

Journal of Corporate Accounting & Finance, 1998

Research paper thumbnail of The influence of underwriter reputation, keiretsu affiliation, and financial health on the underpricing of Japanese IPOs

Pacific-Basin Finance Journal, 2001

This research examines initial public offering IPO underpricing in Japan between 1980 and 1998. C... more This research examines initial public offering IPO underpricing in Japan between 1980 and 1998. Consistent with prior research, we find no evidence that underwriter reputation influences the level of mispricing. Keiretsu-affiliated firms are more fully priced, though healthy firms and healthy keiretsu-affiliated firms are significantly more underpriced, than are other firms. The mispricing of healthy firms occurs prior to implementation of the discriminatory price auction system and is consistent with a high demand for these IPO firms. Reduced mispricing of keiretsu firms during the post-auction period is consistent with the notion that they have more stable earnings than other firms.

Research paper thumbnail of Book Reviews: Cases in Management Accounting: Current Practices in European Countries ; The Japanese Style of Business Accounting ; IAS 2002 Interpretation and Application of International Accounting Standards ; Hong Kong Auditing: Economic Theory and Practice

Journal of International Accounting Research, 2003

A major aim of this book is to make European management accounting practices available to a wider... more A major aim of this book is to make European management accounting practices available to a wider audience. Reflecting the cultural and individual diversity of the continent, the cases reveal corresponding variations in practice. The cases also reveal the changing role of management accounting over time as it has become more involved in areas such as human resources, marketing, and product development and has drawn on nonfinancial and prospective information to aid decision making. As well as helping European students identify with the "local" empirical material, the cases are also useful for non-European scholars seeking to understand both global trends and the divergences and commonalities that are revealed through studying management accounting in its organizational and institutional context. The 15 cases are drawn from a number of countries with a strong contingent from Scandinavia. The latter emphasis is not surprising given the strong tradition of case-based research in these countries. The introductory chapter usefully introduces some models and processes of organizational change reviewing some of the drivers of change in European countries. The chapter then groups the cases according to the main themes of decision making, customer orientation, performance management, and organizational change. In common with global trends, the themes are partly informed by innovations such as ABC/ABM. In other cases, more local influences, such as the privatization of former state-owned industries, are driving change. The cases are set in a variety of industries including service, financial, and nonprofit-making sectors, as well as manufacturing. The scope of the organizations varies from international enterprises to more localized national concerns. Most of the cases are of identifiable organizations and all are well illustrated with authentic organizational charts, accounting data, tables, and work sheets. Each case has a series of questions at the end of the chapter in order to direct student activity and discussion. The book also has a comprehensive website from which it is possible to download detailed teaching notes and other supplementary material. Most major management accounting textbooks have improved greatly in their use of "focus on practice" boxes and end-of-chapter case studies. The advantage of this sort of book is that the case studies can be longer and richer than in the mainstream textbooks. One possible weakness is that only one of the cases asks the students to perform calculations, with the main emphasis being on discussion and critical appreciation. From this point of view, the book probably works best either as a supplement to orthodox texts or as a main text in a specialist course on management accounting case studies. The specialist course, which pulls together the various techniques and tools of management accounting and invites the students to apply them in a variety of business and organizational contexts, is an emerging feature of both university and professional accounting courses. This book should make a valuable contribution to the successful delivery of such courses.

Research paper thumbnail of Extinguishment of debt by in-substance defeasance: Managerial perspectives

Journal of Corporate Accounting & Finance, 1989

Research paper thumbnail of German Reporting Practices: An Analysis of Reconciliations from German Commercial Code to IFRS or US GAAP

Advances in International Accounting, 2007

This paper presents the results of research analyzing reconciliations of net income and stockhold... more This paper presents the results of research analyzing reconciliations of net income and stockholders' equity from reports prepared according to Germany's Commercial Code (HGB) to either International Financial Reporting Standards (IFRS) or US Generally Accepted Accounting Principles (US GAAP). We describe the distribution of the reconciling items and assess their value relevance to firm market values 3 months after the financial statement date. The work helps to identify many issues not apparent from research that focuses only on promulgated accounting standards. Among other things, the research presented in this paper demonstrates that, when reconciling to IFRS or US GAAP, German companies must reverse significant software and film licensing revenue. Other areas of significant difference, not surprisingly, show greater conservatism in reporting under HGB than IFRS or US GAAP, particularly in asset capitalizations and write-offs as well as in accruals of provisions and reserves. The latter category is value relevant to the

Research paper thumbnail of Abnormal returns of Japanese acquisition bidders—impact of pro-M&A legislation in the 1990s

This paper examines the market's reaction to news of corporate mergers and acquisitions (M&A) by ... more This paper examines the market's reaction to news of corporate mergers and acquisitions (M&A) by Japanese bidders during the 1990s. Domestic versus global bids and pro-M&A legislation are considered as determinants of bidders' abnormal returns. The results show that bidders for domestic targets earn significant abnormal returns after the institutions of pro-M&A legislation in Japan. These findings help determine gains from trading strategies for M&A deals in Japan, and provide insight into the current M&A environment in Japan as shaped by pro-M&A legislation.