2012 Awards for Excellence

Citation

Liu, C. (2013), "2012 Awards for Excellence", International Journal of Accounting & Information Management, Vol. 21 No. 1. https://doi.org/10.1108/ijaim.2013.36621aaa.001

2012 Awards for Excellence

Article Type: 2012 Awards for Excellence From: International Journal of Accounting and Information Management, Volume 21, Issue 1

The following article was selected for this year's Outstanding Paper Award for International Journal of Accounting and Information Management

“IFRS and US-GAAP comparability before release No. 33-8879: some evidence from US-listed Chinese companies”

Chunhui LiuDepartment of Business and Administration, University of Winnipeg, Winnipeg, Canada

Purpose – The purpose of this paper is to investigate whether reported net income as per US-generally accepted accounting principles (US-GAAP) has become comparable to net income as per International Financial Reporting Standards (IFRS) as issued by the International Accounting Standards Board right before the removal of the US-GAAP reconciliation requirement and what major accounting elements have caused the differences, if any.

Design/methodology/approach – Using Grays index of comparability suggested by Haverty, the paper compares the reported net income under IFRS for a sample of US-listed Chinese companies using IFRS with the reconciled net income under US-GAAP.

Findings – Consistent with Haverty is the finding that net income under IFRS is still not completely comparable to net income under US-GAAP for the same company and that the adjustment for tangible assets revaluation is a major contributor to the difference. In addition, different treatment of business acquisition is found to be another major cause of the incomparability. The comparability has improved at 10 percent threshold since Haverty's study.

Originality/value – This paper provides an update on the status of IFRS and US-GAAP comparability and highlights an additional major area to work on towards improved comparability.

Keywords Accounting standards, Auditing guidelines, China, Financial reporting, United States of America

www.emeraldinsight.com/10.1108/18347641111105917

This article originally appeared in Volume 19 Number 1, 2011, pp. 24-33, International Journal of Accounting and Information Management

The following articles were selected for this year's Highly Commended Award

“The policy consequence of expensing stock-based compensation”

Ching-Chieh Lin, Chi-Yun Hua, Shu-Hua Lee and Wen-Chih Lee

This article originally appeared in Volume 19 Number 1, 2011, International Journal of Accounting and Information Management

“Women and risk tolerance in an aging world”

Robert Faff, Terrence Hallahan and Michael McKenzie

This article originally appeared in Volume 19 Number 2, 2011, International Journal of Accounting and Information Management

“Does voluntary corporate citizenship pay? An examination of the UN Global Compact”

Marinilka Barros Kimbro and Zhiyan Cao

This article originally appeared in Volume 19 Number 3, 2011, International Journal of Accounting and Information Management

Outstanding Reviewers

Dr Ming JianNanyang Technological University, Singapore

Dr Li Li Eng,Missouri University of Science and Technology, USA