Earnings management with early adoption of FASB Statement 87

Article Abstract:

Earnings management is interference in external reporting procedures for private advancement which blocks information provision. The appropriation of the Statement of Financial Accounting Standards (SFAS) Number 87, 'Employers' Accounting for Pensions' by pension firms in 1986-88 has excaberated the incidence of management discretion. SFAS Number 87 facilitates management discretion as pension expense is based on long-term asset return estimates on funds. The study identified 83 pension companies for each of the 3 years who adopted SFAS 87. Firms who adopted the rules earlier had net income 100% higher than later adopting firms.

Pension, health, and welfare funds, Management, Laws, regulations and rules, Accounting and auditing, Pension funds, Financial Accounting Standards Board, Earnings per share

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Corporate governance-can elephants learn to dance?

Article Abstract:

The background to corporate governance is summarized and the challenges that senior executive teams in organizations face in this corporate world is highlighted. Corporate governance can be interpreted as placing the power and decisions concerning public life and economic and social development.

United States, Analysis, Corporate governance

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