International Accounting Standards And Accounting Quality

Annotated Bibliography Students Name Institutional Affiliation Barth, M. E., Landsman, W. R., & Lang, M. H. (2008). International accounting standards and accounting quality. Journal of accounting research, 46(3), 467-498. The article evaluates whether the international accounting standards have an impact on the accountability of an organization. Results indicate that every organization is required to follow such standards and, therefore, they will be keen to ensure that they can account for each of their activities in the financial reports. The international accounting standards display uniformity in the financial system regarding their enforcement and interpretation. This article will be helpful because the update made on the international accounting standards have a positive impact on increasing the accountability of organizations. Given the fact that businesses operate in different environments, then there is a need to update such rules to ensure that they are in favor of every organization. It is the wish of every shareholder to get accountability of the organization's activities, and this can only be made possible through the application of the international accounting standards. Sinclair, R., & Keller, K. L. (2017). Brand value, accounting standards, and mergers and acquisitions:"The Moribund Effect". Journal of Brand Management, 24(2), 178-192. The Maribond effect is an accounting concept whereby the value of an acquired brand remained unchanged in the balance sheet regardless of whether it has been able to perform or not. The article describes the accounting conventions of the brands in mergers and acquisitions by explaining the role which is played by brand value. In the event whereby the value of the brand has declined, then the organization should be in a position to explain to the financial markets the reasons behind the decline. As well, in the event of a gain, an explanation should also be provided. The article also provides some of the methodological issues that are involved during such calculations. This article will be of importance in my research because it provides an explanation of how important an acquired brand is to the organization. The changing accounting standards need to accommodate for the value of the acquired brand to ensure that companies can record and account for the brand's decline or gain. In most cases, the brand's value is reported in the Management Discussion and Analysis. Schaltegger, S., & Burritt, R. (2017). Contemporary environmental accounting: issues, concepts, and practice. Routledge. This article provides an overview of the concepts, practice, and issues written by experts to act as guidance to accountants. It provides an analysis of some of the controversial accounting topics that affect businesses and needs to be addressed to ensure the success of an organization. Such concepts have been applied in different parts of the world such as North America, Europe, and Australia. This article is relevant in my research of the reasons as to why accounting standards keep on being updated. The different environmental issues and concepts keep on changing from one business environment to another. Therefore, to ensure unity among different entities operating in different parts of the world, the accounting standards need to be changed to fit the changing environment. It is the obligation of every organization to conform to the new accounting standards to avoid facing judicial charges. An example is the case of the Enron cooperation which faced charges due to its failure to follow the set accounting standards. Through the analysis of such environmental changes, I will be able to provide a clear outline as to why the standards keep on changing. Schipper, K. (2003). Principles-based accounting standards. Accounting horizons, 17(1), 61-72. The article outlines that some of the discussions about the US financial reporting system involve certain recommendations that it should abandon the rules-...