International lease accounting reform and economic consequences: the views of UK users and preparers

In response to perceived difficulties with extant lease-accounting standards in operation worldwide, the G4+1 issued a discussion paper which proposes that all leases should be recognized on the balance sheet [ASB (1999). Leases: Implementation of a new approach, discussion paper. London: Accounting Standards Board]. Leasing is now on the active agenda of the IASB. A major difficulty faced by standard setters lies in overcoming the preparer/user lobbying imbalance and obtaining ex ante evidence on the likely impact of regulatory reform. This paper contributes to the ongoing international debate by conducting a questionnaire survey of U.K. users and preparers to assess their views on proposals for lease-accounting reform and on the potential economic consequences of their adoption. The results, based on 132 responses, indicate that both groups accept that there are deficiencies in the current rules, but they do not agree on the way forward and believe that the proposals would lead to significant economic consequences for key parties. The impact on respondents' views of familiarity with the proposals, level of lease usage, and company size, is also examined

An industry in crisis : risk, reflexivity, sub-politics and accountability processes in salmon farming

This paper draws upon an arena study on the accounting and accountability processes used within a business sector, under intense public and regulatory scrutiny in terms of its social, economic and ecological risks. Georgakopoulos and Thomson (2004, 2005) report on an absence of environmental accounting within the salmon farming organizations for management planning and control processes. This paper extends this analysis by attempting to theorise the social and environmental accounting observed by these organizations discharging these accountability duties using insights from the risk society literature. The interviews and documentary analysis revealed the existence of an active accountability network. However, Social and Environmental Accounting techniques did not feature in the engagement processes. We observed the existence of fragmented accountability networks, and evidence of a struggle for domination of a techno-scientific accountability process. Within these discourses, business and cost issues were evident, but they were not formally quantified or systematically integrated. We find that the accountability processes observed in our arena study, were consistent with Beck's (and others) analysis of reflexive modernity and the Risk Society Thesis This paper by evaluating accounting and accountability processes within a specific context, demonstrates the importance of locating social and environmental accounting processes within wider accountability discourses. These societal accountability discourses extend beyond social and environmental as well as conventional accounting practices. It is suggested that all accounting practices should become more reflexive in nature if they are to remain relevant in these wider societal accountability discourses

Accounting for Science: The Independence of Public Research in the New, Subterranean Administrative Law

The White House Office of Management and Budget (OMB) is putting the final touches on a system designed to account for the science used by federal agencies in their administrative missions. There are reasons for concern that OMB\u27s new programs could be used to skew the system by which regulatory science is generated in the first place

Throwing Out the Baby with the Bathwater: The Undesirable Effects of National Research Assessment Exercises on Research

The evaluation of the quality of research at a national level has become increasingly common. The UK has been at the forefront of this trend having undertaken many assessments since 1986, the latest being the “Research Excellence Framework” in 2014. The argument of this paper is that, whatever the intended results in terms of evaluating and improving research, there have been many, presumably unintended, results that are highly undesirable for research and the university community more generally. We situate our analysis using Bourdieu’s theory of cultural reproduction and then focus on the peculiarities of the 2008 RAE and the 2014 REF the rules of which allowed for, and indeed encouraged, significant game-playing on the part of striving universities. We conclude with practical recommendations to maintain the general intention of research assessment without the undesirable side-effects

How may quality asurance systems in food chains include environmental aspects based on life cycle methodology?

The number of Quality Assurance Systems (QAS) for food products is increasing and so is the topics they cover, from traditional intrinsic product characteristics such as percent meat in slaughtered pigs and protein content in milk to food safety issues such as zoonoses and pesticide residues and in some cases aspects of animal welfare. This development is linked to de-mands for risk controlling systems such as HACCP and traceability systems that would allow food safety problems to be traced to a small number of producers or farms. The large retail companies (supermarkets) are an important driving force for this development because of their efforts to build consumer trust in food products and loyalty to the companies own brands. Envi-ronmental characteristics of food products and information on their production methods are be-coming part of some QAS but not mostly in the form of qualitative information e.g. certification that the farmers have used Good Agricultural Practice (GAP). The paper gives examples of this and then discuss this development in relation to LCA based environmental appraisal of food products. The development of quantitative (tools for) environmental appraisal of agriculture and food production is becoming more productoriented improving the possibilities of assessing the regional and global impacts of food production chains and consumption. But these systems building on LCA does not so far seem to be linked with the development of QAS for food. The paper finally discuss the possibilities for linking the food safety related traceability systems and gives an example of on-going work to establish LCA based QAS in a meat processing system

Disclosure measurement in the empirical accounting literature: A review article

This is the first study to provide an extensive and critical review of different techniques used in the empirical accounting literature to measure disclosure. The purpose is to help future researchers to identify exemplars and to select suitable techniques or to develop their own techniques. It also provides in depth discussion of current measurement issues related to disclosure and identifies gaps in the current literature which future research may aim to cover

How should peer-review panels behave?

Many governments wish to assess the quality of their universities. A prominent example is the UK’s new Research Excellence Framework (REF) 2014. In the REF, peer-review panels will be provided with information on publications and citations. This paper suggests a way in which panels could choose the weights to attach to these two indicators. The analysis draws in an intuitive way on the concept of Bayesian updating (where citations gradually reveal information about the initially imperfectly-observed importance of the research). Our study should not be interpreted as the argument that only mechanistic measures ought to be used in a REF

Serbia - public sector accounting review : report on the enhancement of public sector financial reporting

The government’s public financial management (PFM) Reform Program 2016-2020 foresees the gradual transition of public sector financial reporting from a cash basis to an accrual basis of accounting and the application of International Public Sector Accounting Standards (IPSAS). This will significantly improve the quality of financial information and should enable better informed decision-making, more efficient use of public funds and resources and improved fiscal performance. This Report on the Enhancement of Public Sector Financial Reporting is one output of the Serbia Public Sector Accounting Reform Technical Assistance project funded by the Swiss State Secretariat for Economic Affairs (SECO) through the Strengthening Accountability and Fiduciary Environment (SAFE) Trust Fund under the Public Sector Accounting and Reporting Program (PULSAR) which provides support for the development and implementation of public sector accounting standards. This report supports the development of a plan towards that goal by assessing the institutional framework for public sector accounting as well as the gap between Serbian public sector generally accepted accounting principles (PS GAAP) and IPSAS