This book provides a detailed assessment of current approaches to transfer pricing in the context of small- and middle-sized enterprises (SMEs), including the newest update of Transfer Pricing Guidelines from 10 July 2017. It analyzes the transfer pricing rules for SMEs across the European Union (EU) and explores two alternative approaches as suitable solutions for current transfer pricing issues. The authors evaluate and discuss alternative approaches like Safe Harbour and Common Consolidated Corporate Tax Base (CCCTB). Taking into account the prominent role of SMEs in the European Union's economy, the book also puts forward policy recommendations to achieve the long-term goals of the EU's 2020 agenda.

This professional book is designed for managers involved in the use of quantitative techniques to solve accounting-based problems. Belkaoui takes the reader in hand and carefully reviews the mathematical and statistical techniques needed to understand quantitative models, and then introduces those models of relevance to accounting areas of cost-volume-profit analysis, cost estimation, linear programming, cost control, inventory models, capital budgeting, and network analysis.

This proceedings volume analyzes the impact of globalization on international financial flow as well as harmonized financial reporting. Featuring contributions presented at the 18th Annual Conference on Finance and Accounting held at the University of Economics in Prague, this book examines the economic consequences of the globalized world in the sphere of corporate and public finance, monetary systems, banking, financial reporting and management accounting. The global perspective is accompanied by local specific cases studies, including those from emerging markets. In addition, the combination of micro- and macroeconomic approaches provide insights on the behavior of all relevant stakeholders in the process and the results of dynamic pressures surrounding global capital markets and international investments. This book will serve as a useful resource for scholars and researchers, practitioners and policy makers in the fields of finance, economics and accounting.

What would Washington, Jefferson, Madison, Lincoln, the Roosevelts, Truman, and Eisenhower have done about today's federal debt crisis?America's Fiscal Constitution tells the remarkable story of fiscal heroes who imposed clear limits on the use of federal debt, limits that for two centuries were part of an unwritten constitution. Those national leaders borrowed only for extraordinary purposes and relied on well-defined budget practices to balance federal spending and revenues. That traditional fiscal constitution collapsed in 2001. Afterward,for the first time in history,federal elected officials cut taxes during war, funded permanent new programs entirely with debt, grew dependent on foreign creditors, and claimed that the economy could not thrive without routine federal borrowing.For most of the nation's history, conservatives fought to restrain the growth of government by insisting that new programs be paid for with taxation, while progressives sought to preserve opportunities for people on the way up by balancing budgets. Virtually all mainstream politicians recognized that excessive debt could jeopardize private investment and national independence.With original scholarship and the benefit of experience in finance and public service, Bill White dispels common budget myths and distills practical lessons from the nation's five previous spikes in debt. America's Fiscal Constitution offers an objective and hopeful guide for people trying to make sense of the nation's current, most severe, debt crisis and its impact on their lives and our future.

This book addresses a selection of major topics in family businesses, namely 'managerialization' and 'professionalization', succession, internationalization, access to financial markets, and how governance and control systems can help family firms respond to common problems inherent in the business. Written by prominent experts, the respective chapters highlight the interactions between these topics in order to develop a systems view of the distinctive challenges, and of the potential roles that governance and control systems can play in these contexts. The book is divided into two main parts, the first of which reviews the current literature and develops a comprehensive theoretical framework. Based on these theoretical insights, the second part then interprets and discusses the empirical evidence, including case studies on family-run firms in Italy.

This study utilizes the rich archives which survive at Durham Cathedral to examine the way in which accounting methods and systems were adopted and adapted to manage income and expenses, assets and liabilities in changing economic environments.

This one-stop information Guide helps practitioners whenever employee-owner compensation is subject to review and adjustment. In all private companies, an expense that is discretionary to the owner in terms of size, timing and payment method may represent not only compensation for services rendered, but also disguises dividends or profit distribution. The valuation of a business could be greatly affected by owner's compensation, or the lack thereof. This book is also an invaluable resource when valuing non-compete agreements or calculating personal vs. enterprise goodwill. If you purchased all these reports individually, the cost would be over $600.

This book contains a summary of the laws that govern business associations and are designed to help accountants spot potential problems their clients may encounter. The author, an attorney and environmental consultant, divided the material into three parts: corporations, partnerships, and agencies. Each begins with a discussion and explanation of applicable legal terminology, followed by the steps necessary to create the type of entity, the duties and responsibilities of officers and other relevant matters. The dissolution of each type of business also receives coverage. This material provides a good refresher course on the basics of business law for the busy practitioner. "Journal of Accountancy"

This book fills a major gap in the literature for professional accountants by offering a comprehensive discussion of the law concerning the three major types of business associations: corporations, partnerships, and agencies. As Wolf notes at the outset, accountants must have adequate knowledge of the laws governing business associations if they are to successfully perform professional services for their clients--the failure to spot potential legal problems can often spell disaster for a particular business. Wolf offers a current, accurate, in-depth treatment of the laws of business association in one logically organized source, specifically written to address the needs and concerns of accounting professionals.

Following an introduction, the volume is divided into three major sections each dealing with a specific type of business association. For each, Wolf draws on the relevant federal and state laws, uniform laws, common law, and judicial decisions to present a clear picture of significant issues. Section One deals with laws involving management, shareholder's rights, corporate financial structure, mergers and acquisitions, securities regulation, and dissolution. In the section devoted to partnerships, separate chapters address partnership formation, property, rights and liabilities of partners, termination, and limited partnerships. The final section covers agency creation, duties, liabilities, and termination. Taken as whole, this volume represents an important addition to the professional literature available to accountants in both corporate and private practice.

A firM's value consists of its assets-in-place and growth opportunities: its investment opportunity set. IOS plays a major role in determining a firM's corporate and accounting strategies, and how the marketplace reacts to them. Riahi-Belkaoui shows how IOS can be examined, measured, and used as one way to understand the various accounting and nonaccounting strategies espoused by management. His book fills a gap in the literature on this timely and provocative topic, and provides useful knowledge for upper management, academics, and graduate-level students.

The importance of the IOS concept is beginning to be acknowledged in the literature of empirical accounting, finance, and management. There, the investment opportunity set is introduced as an explanatory or moderating variable of the relationship between accounting and economic phenomena and various predictor variables. Riahi-Belkaoui explicates a concept of growth opportunities or IOS (Chapter 1) and provides a general model for its measurement (Chapter 2). He shows its role in a general valuation model based on dividend yield and price earnings ratio (Chapter 3), in the relationship between profitability and multinationality (Chapter 4), in the determination of capital structure (Chapter 5), in a general model of international production (Chapter 6), in a general model of corporate disclosure (Chapter 7), in the relationship between systematic risk and multinationality (Chapter 8), in a model of reputation building (Chapter 9), and earnings management (Chapter 10). He goes on to discuss its role in explaining the relative market value compared to the accounting value of a multinational firm in Chapter 11, and in differentiating between the usefulness of accrual and cash flow based on valuation models in Chapter 12.

Drawing upon established academic theory, the study argues that the Big Four, as part of a globalizing transnational capital class, has dominated indigenous firms by bringing to China an ideology that came to be accepted as normative. By winning this battle of ideology, the Big Four gained access to the coercive power of the State, and to the power of transnational institutions that have subsumed part of the power of the State. Indigenous firms have pursued a counter-hegemonic strategy of undermining the ideological superiority of the Big Four through the infiltration and modification of institutional arrangements following what the academic literature calls "the long march through the institutions.

This book addresses the growing interest among policymakers, practitioners and academics in the evolution and the future implications of social, environmental and sustainability accounting. To do so, it examines the conceptual and practical application of accountability at multiple levels and contexts, and presents a range of case studies focusing on salient issues, perspectives and the potential of multidimensional accounting and reporting regimes. Intended for a diverse audience, the book allows readers to gain a better understanding of the topics, encourages dialogue and debate, and stimulates innovation in scholarship, policy and practice.

This book analyses the methods used to assess financial sustainability as defined by the International Federation of Accountants (IFAC). Recently, there have been calls to consider sustainability as a fundamental guiding principle in public management. The financial and economic crisis has spurred a demand for greater financial sustainability in public administrations. Although the concept of sustainability has been traditionally associated with three dimensions (environmental, social and economic), this book is focuses on the metrics used to evaluate financial sustainability and explores the concept of financial health. It will be of interest to researchers and academics in the field of financial sustainability.

An entertaining, fast-paced, and enjoyable read, "Manager Mechanics" serves as both mentor and guide for newly minted managers. Blooms uses his more than twenty-five years experience to give first-timers the practical knowledge and political insights needed to perform successfully in their new management role.

Just been made a manager? Great Now what? Have kids? If so, you have all the management experience you need. Congratulations, now you get to manage your friends. Now that I'm a manager, what's my next step? Discover how work is not a democracy; it's a dictatorship Learn about the 7 kinds of troubled employees; Sleazy, Grumpy, Lazy, Brainy, Tardy, Dummy and Troubled. How does the hiring process really work? Uncover the truth about the Good, the Bad and the Other. Bloom explains how new and seasoned managers alike will gain techniques and proven approaches for leading their teams, hiring top talent, navigating company politics, avoiding career-limiting mistakes and producing high-quality, well-planned results.

"Manager Mechanics" is your first step toward cultivating a strong career in management. Improve your communication skills, employee morale, and work environment with this indispensable guide

"I'm always on the lookout for great new training materials, and this book is right on target. It gives great advice, is well-written and has just enough humor in it to make it fun. Eric Bloom really understands new manager needs."

-Susan J. Goldberg
President and CEO of Northeast Training Group, Inc.

"This book is a must read for anyone in a managerial role. It's easy to read, contains practical examples, and as a result, is easy to remember."

-Jeffrey Burd, Esq.
Director of Placement, Kelly Law Registry

"Street-wise advice on handling the important everyday issues nobody tells you about."

-Frank Capecci
Executive Leadership Consultant

This book presents an empirical analysis on how the new lease accounting model of IFRS 16 affects financial statements and performance of Italian companies. It discusses the theoretical framework of the off-balance sheet financing with a particular focus on the off-balance sheet lease contracts. Previous research provided controversial results about the potential impacts on the companies' financial statement and performance deriving from leases capitalization. The application of different methodological approaches based on estimation of the expected effects resulted in inconclusive results. This book aims to measure the real impacts deriving from the post-implementation of the new lease accounting standard (IFRS 16) on companies' financial statements, economic and financial performance, on market reactions and on financial statement' users.

In this book, Belkaoui turns his attention to significant problems he sees facing the accounting profession as a whole and examines their effects on the way accounting is practiced, on accountants' clients, and on business in general. The problems derive, Belkaoui explains, from new developments in the accounting environment including the organizational climate in CPA firms and the rising incidence of fraudulent cases. Arguing that these problems, if not resolved, will lead to a crisis of confidence in accounting and increasing government regulation of the profession, Belkaoui both identifies their causes and proposes solutions to avert a crisis in the field.

The book is divided into six chapters, each of which addresses a particular problem in contemporary accounting. Belkaoui begins by describing a new conflictual order in the accounting environment and goes on to examine particular conflicts generated by the profession's heavy reliance on credentialism, its role in the fragmentation of services in CPA firms, and its tenuous position in the courts. The following chapters show how the credibility of accounting has been shaken by fraudulent cases and explores ways in which the accounting work process has declined. Finally, Belkaoui explores problems associated with the high levels of job dissatisfaction and turnover in CPA firms and problems in the production of accounting knowledge. Students of accounting as well as practicing professionals will find both a sobering assessment of current accounting practices and an illuminating look at potential solutions.

Part of a series which aims to present work across a broad spectrum of regulation issues, with papers covering a wide range of topics. The volumes review essays of recent books, offering insights into regulation and its processes. A glossary related to securities, law and accounting is included.

This book charts the regulatory changes at the heart of capitalist economies; the financial reporting on financial markets. It is a unique contribution interconnecting issues both of contemporary political science and accounting research. The book contains in-depth descriptions of regulatory settings (and changes) in six countries: Canada, France, Germany, Japan, the United Kingdom and the United States and aims to takes a close look at drivers of change such as crises and globalization. The book also links these drivers of change with moderating institutional structures such as the legal and financial systems, but also the welfare states in place. Taken together, it shows how a trend to more transnationalization in accounting emerges but also its likely limits.

Ahmed Belkaoui focuses on the contributions human information processing research can make in the study of accounting decision-making. Both a review and synthesis of the current literature and a springboard for further research, Human Information Processing in Accounting explores the basic psychological concepts underlying human decision-making and their applications to accounting. As Belkaoui notes at the outset, accounting information is used primarily for decision-making. Human information processing in accounting is designed to understand, describe, evaluate, and--most importantly--improve the decision process used in an accounting or auditing context. Belkaoui's book provides accounting students and practitioners with the first comprehensive overview of the ways in which human information processing research has been used to study and enhance accounting decision-making.

Divided into six parts, the volume begins by examining the policy-capturing process and the Brunswick Lens model used in this type of research. Subsequent chapters address the models of risky choice used to predict or describe how individuals make these types of choices, the application of probability elicitation and revision to accounting research and practice, the heuristics and biases individuals use to reduce complex cognitive processes to simpler judgmental operations, and the application of cognitive science to accounting. A number of chapters include appendices illustrating the type of accounting studies that exist for each of the human information processing paradigms presented. Taken as a whole, Belkaoui's work represents a pioneering attempt to focus and organize the field of human information processing in accounting.

Your plain English guide to financial accounting for students and trainees. Financial Accounting For Dummies provides students who are studying finance, accounting and business with the basic concepts, terminology, and methods to interpret, analyse, prepare and evaluate financial statements. Covers concepts accountants and other business professionals use to prepare reports; mergers and acquisitions purchase and pooling; free cash flow; and financial statement analysis. Whether you re a student on your way to earning a degree, working towards your ACCA qualification, or a trainee just starting out in your accounts career, Financial Accounting For Dummies gives you a wealth of information to grasp the subject. * This UK version is adapted to take in UK accounting practice and international reporting standards * Provides a firm grounding in interpreting, analysing, preparing and evaluating corporate financial statements * Includes easy to understand explanations and real-life examples to consolidate learning

If you're preparing for The American Institute of Professional Bookkeepers' (AIPB) bookkeeping certification test, you need an easy- to-follow test-preparation guide that gets you up to speed quickly in all of the bookkeeping basics, from setting up a company's books and recording transactions to managing employee payroll, handling government paperwork, and closing out the books. You need "Bookkeeping Workbook For Dummies."

With demonstration problems, complementary examples, and multiple-choice questions you'll find in this user-friendly primer, you'll sharpen your bookkeeping skills for the real world as you increase your ability to perform well on any test. Chapter quizzes let check your progress as you go, and step-by-step answers show you where you went wrong (or right) each problem. You'll feel your confidence --and competence--growing as you learn how to: Perform a wide variety of financial transactionsUse key concepts and skills with real-world bookkeeping problemsDesign a bookkeeping systemTrack day-to-day business operationsKeep journals for active accountsUse blank working papers and spread sheetsHandle cash entries and develop internal controlsCalculate and pay employee withholding taxesDepreciate assetsProve out your books at year's endPrepare tax returns as set up for a new year

Complete with Top Ten lists for managing cash, monitoring accounts, and finding additional helpful resources, "Bookkeeping Workbook For Dummies" is the test-prep guide you need to help you ace the certification test and speed your way into a successful and rewarding career.