文档介绍：本科毕业论文(设计)
外文翻译
外文题目 Causes and Ettects of Discretionary Asset Write-Offs
外文出处 Journal of Accounting Research Supplement
1996
外文作者 Jennifer Francis, Hanna,and Linda Vincent原文:
Causes and Effects of Discretionary Asset Write-Offs
Introduction
This paper provides evidence on the causes and shareholder wealth effects of discretionary asset write-offs. We use the term "write-off" to refer to plete and partial downward asset revaluations, and we describe our sample write-offs as discretionary because over the 1989-92 period covered by the study, there was little authoritative guidance on the accounting for most types of asset impairments, other than inventory.
The absence of explicit guidance for many assets permitted substantial management discretion about amounts and timing of write-offs. The American Institute of Certified Public Accountants urged the Financial Accounting Standards Board in 1980 to examine the asset impairment issue because they believed that the variety of practices, terminology, and valuation methods in use reduced parability and consistency of financial statements. These concerns, echoed by the Emerging Issues Task Force, the Financial Accounting Standards mittee, the Financial Executives Institute, and the National Association of Accoun- tants, intensified as both the frequency and the magnitude of write-offs increased during the