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Article Abstract:

The Financial Accounting Standards Board's (FASB) Statement of Financial Accounting Standards (SFAS) No. 14, Financial Reporting for Segments of a Business Enterprise, focuses on business segments, foreign operations, and major and export sales disclosures by multi-national corporations (MNCs). Foreign operations must be disclosed if: consolidated revenue is 10% or more of foreign income; or consolidated assets equal 10% or more of foreign assets. A study to determine how MNCs are geographically grouped was conducted. The sample included 406 MNCs found to meet the greater than 10% foreign revenues requirement. The results indicated that SFAS 14 provisions are too flexible with regard to foreign operations disclosure geographical groupings, and that risk evaluation increases when corporations report by continent. A case study regarding the Marriott Corp is also discussed.

Methods, Laws, regulations and rules, Finance, International business enterprises, Multinational corporations, Financial Accounting Standards Board, MHS, Geographical research

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Personal earnings in the accounting profession: returns for alternative investments

Article Abstract:

Determinants of accounting salary levels are examined. Questionnaires were sent to members of the National Association of Accountants. The results indicate that: the CPA credential has a positive effect on wages in both public practice and in industry; experience and credentials being equal, accountants in industry earn more than public accountants; and accountants with advanced business degrees earned more in industry but not in public accounting firms.

Research, Compensation and benefits, Accountants, Wages, Wages and salaries

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