Bilgiye Erişim Merkezi ne Yeni Gelen Yayınlar

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1 1166 MAARRTT PPAAZZAARRTTEESSİ İİ SSAAYYI II: : Bilgiye Erişim Merkezi ne Yeni Gelen Yayınlar Çömlekçioğlu, Hakan. İşletmelerde iç denetim ve stratejik kontrol sistemleri (Yüksek Lisans Bitirme Projesi). İstanbul: İstanbul Ticaret Üniversitesi Sosyal Bilimler Enstitüsü, ÖZ Bu çalışmada iç kontrol sisteminin tanımı, gelişimi, etkinlikleri incelenmiş; yardımcı programlar ile bilgisayar sistemi üzerinde stratejik kontrollerin yapılmasına değinilmiş ve bu sistemler içinde SAP SEM-SRM programının bu kontrolleri yaparken, kullanıcılara sağladığı kolaylıklar ve sistemin özelliklerinden bahsedilmiştir. İİ SS MM MM MM OO BB i l gg i yy ee EE rr i şş im i MM ee rr kk ee zz i 1

2 Resmi Gazete YÜRÜTME VE İDARE BÖLÜMÜ BAKANLAR KURULU KARARLARI 2009/14802 Bazı Mallara Uygulanacak Katma Değer Vergisi ile Özel Tüketim Vergisi Oranlarının Belirlenmesine İlişkin Kararın Yürürlülüğe Konulması Hakkında Karar 2009/14803 Kaynak Kullanımını Destekleme Fonu Kesintileri Hakkında Kararın Yürürlülüğe Konulması Hakkında Karar YÖNETMELİKLER Millî Eğitim Bakanlığı Açık İlköğretim Okulu Yönetmeliğinde Değişiklik Yapılmasına Dair Yönetmelik Millî Eğitim Bakanlığı Meslekî Açıköğretim Lisesi Yönetmeliğinde Değişiklik Yapılmasına Dair Yönetmelik Bakıma Muhtaç Özürlülerin Tespiti ve Bakım Hizmeti Esaslarının Belirlenmesine İlişkin Yönetmelikte Değişiklik Yapılmasına Dair Yönetmelik Bakıma Muhtaç Özürlülere Yönelik Özel Bakım Merkezleri Yönetmeliğinde Değişiklik Yapılmasına Dair Yönetmelik İller Bankası Genel Müdürlüğü Personeli Görevde Yükselme ve Unvan Değişikliği Yönetmeliğinde Değişiklik Yapılmasına Dair Yönetmelik Çankırı Karatekin Üniversitesi Lisansüstü Eğitim-Öğretim ve Sınav Yönetmeliği Yabancı Kitap Ve Süreli Yayınlar Journal of Accounting and Public Policy Volume 25, Issue 2, Pages (March-April 2006) Corporate governance mechanisms and the early-filing of CEO certification Pages Brett R. Wilkinson, Curtis E. Clements Recent accounting and auditing failures have heightened interest in issues of corporate governance. In an effort to restore investor confidence, the SEC required CEOs to file İİ SS MM MM MM OO BB i l gg i yy ee EE rr i şş im i MM ee rr kk ee zz i 2

3 sworn statements verifying the accuracy of the firm s most recent financial statements and compliance with GAAP by August 14, The value of this confidence-restoring mechanism is contingent on whether shareholders perceived these reports as being credible. In this study, we examine the market reaction to early filing of CEO certifications. We find no reaction to early filing for the market as a whole suggesting that early filing alone was not necessarily a positive event. Further analysis reveals a positive relation between abnormal returns at the time of early filing and several corporate governance related measures, including dividend payments, board size and institutional ownership. Thus, we conclude that the market reaction to early filing was influenced by the existence of pre-existing corporate governance mechanisms. 2. CEO filing requirements and the role of corporate governance 3. Research questions 3.1. Board of directors 3.2. Free cash flow and dividend payout 3.3. Ownership concentration 3.4. Control variables 4. Results and analyses 5. Conclusions References The valuation properties of earnings and book value prepared under US GAAP in Chile and IAS in Peru Pages Gordian A. Ndubizu, Maria H. Sanchez The worldwide trend toward integration of capital markets heightens the debate on whether international accounting standards (IAS) and US generally acceptable accounting principles (GAAP) are equivalent accounting regimes for cross-border listings. The Securities and Exchange Commission (SEC) operates from the premise that IAS falls below the threshold and mandated reconciliation from IAS to US GAAP. İİ SS MM MM MM OO BB i l gg i yy ee EE rr i şş im i MM ee rr kk ee zz i 3

4 A major concern is that reconciling the IAS accounting numbers to US GAAP when the underlying contracts are formulated based on IAS results in assessment noise in the Ndubizu and Wallace [Ndubizu, G.A., Wallace, R.S., Contracts valuation assessment noise and cross-border listing of equities on US and UK stock markets. The International Journal of Accounting 38, ] sense. We examine the valuation properties of US GAAP in Chile and IAS in Peru in which contracts and their representation in the financial statements are based on the same GAAP to minimize the likelihood of assessment noise. We find that earnings and book value are value relevant in the two accounting regimes. However, US GAAP as applied in Chile is more value relevant than IAS applied in Peru. The results are robust to alternative specifications, including controlling for cross-sectional and inflation-induced scale effects present in level regressions, tax book alignment, and other country-specific factors. Further, the results of the study provide evidence that US GAAP is more timely, conservative, and informative about the expected future normal earnings for loss firms than IAS in emerging economies. 2. Relevant literature 2.1. Valuation models 3. Sample selection and data 4. Results 4.1. Combined earnings and book value properties 4.2. Earnings properties under US GAAP and IAS 4.3. Book value properties 4.4. Positive and negative earnings firms in Chile 4.5. Positive and negative earnings firms in Peru 4.6. Income conservatism under US GAAP and IAS 4.7. Robustness test 5. Conclusions Acknowledgements References İİ SS MM MM MM OO BB i l gg i yy ee EE rr i şş im i MM ee rr kk ee zz i 4

5 Market performance impacts of human capital disclosures Pages Kaouthar Lajili, Daniel Zéghal This paper examines the market valuation and performance impacts of human capitalrelated information disclosures. Following a labor economics approach and using the annual reports of a sample of United States public companies, we construct human capital productivity and efficiency indicators and test for their informational content and value relevance following a portfolio performance approach. Results indicate that on average, firms with higher labor cost disclosures outperform their low labor cost counterparts. Estimated labor productivity and efficiency indicators also appear to be value-relevant since firms with higher value marginal products of labor, and higher marginal productivity relative to average labor costs, outperform their counterparts with lower values of both measures. We conclude that labor cost voluntary disclosures might be potentially useful in assessing human capital asset management and performance which could be relevant to market participants particularly for firms in knowledgebased industries. 2. Regulatory framework and prior literature 2.1. Regulatory framework 2.2. Prior related research 3. Research design 3.1. Theoretical background and research hypotheses 3.2. Human capital proxy variables 3.3. Data sources, sample selection and methodology 4. Research results 4.1. Descriptive statistics 4.2. Portfolio performance results 5. Summary and conclusions Acknowledgements İİ SS MM MM MM OO BB i l gg i yy ee EE rr i şş im i MM ee rr kk ee zz i 5

6 References How does accounting fit into a firm s political strategy? Pages Derek Johnston, Denise A. Jones This paper investigates whether accounting plays a role in a firm s political strategy. Specifically, we investigate whether there is a relation between lobbying expenditures and incentives to lobby to influence accounting standard setting. We identify three significant accounting issues that were under consideration by either the Financial Accounting Standards Board or the Securities and Exchange Commission during 1999 and First, in late 1998, the SEC implemented an action plan to make it more difficult for companies to manage earnings. Second, the FASB was deliberating a new set of standards for business combinations. Third, both the SEC and the FASB deliberated on accounting rules that would make the reporting of liabilities on the balance sheet more transparent. We develop several proxies to capture the extent to which firms would be affected by both the FASB and SEC accounting pronouncements under consideration. After controlling for other incentives to lobby, we find that lobbying expenditures are associated with firms incentives to lobby on accounting related issues. Our results are robust to a correction for potential self-selection bias resulting from firms decisions to lobby or not. 2. Accounting related regulatory activity 2.1. Political pressures on the accounting standard setting process 2.2. Specific accounting regulatory activity Earnings management Business combinations Reflection of liabilities on the balance sheet 3. Research design, sample selection and descriptive statistics 3.1. Model variables İİ SS MM MM MM OO BB i l gg i yy ee EE rr i şş im i MM ee rr kk ee zz i 6

7 Measurement of dependent variable: lobbying expenditures Accounting incentives to lobby Other incentives to lobby 3.2. Empirical model 3.3. Sample and descriptive statistics 4. Results 5. Occasional lobbyers versus habitual lobbyers 6. Conclusion Acknowledgements References İİ SS MM MM MM OO BB i l gg i yy ee EE rr i şş im i MM ee rr kk ee zz i 7