Download or read book Goodwill Impairment and Corporate Social Responsibility written by Anonym and published by . This book was released on 2020-05-16 with total page 36 pages. Available in PDF, EPUB and Kindle. Book excerpt: Seminar paper from the year 2019 in the subject Business economics - Accounting and Taxes, grade: 2,3, University of Bremen, language: English, abstract: The issue goodwill impairment is controversially discussed in practice and in literature because goodwill or rather the amount of goodwill which has to be impaired primarily based on managerial assumptions and proprietary information and further the recognition and accurate measurement is not easy and thus often not free from error. Therefore the International Accounting Standards Board (IASB) and the Financial Accounting Standards Board (FASB) require firms to disclose specific information on how and why goodwill arises in business combinations. Goodwill accounting is intended to provide information on the financial consequences of mergers and acquisitions. It is therefore potentially very important for recipients of annual financial statements. Goodwill accounting in Europe is generally regulated in the International Financial Reporting Standard 3 (IFRS 3) Business Combinations and International Accounting Standard 36 (IAS 36) Impairment of Assets. Goodwill accounting in the US is regulated in Accounting Standards Codification 805 (ASC 805) Business Combinations (formally known as Statement of Financial Accounting Standards No. 141 (SFAS 141)) and ASC 350 Goodwill and other Intangible Assets (formally known as SFAS 142). Goodwill is defined as an asset representing the future economic benefits arising from other assets acquired in a business combination that are not individually identified and separately recognised. Besides goodwill impairment, Corporate Social Responsibility (CSR) activities has become another steadily increasing issue around the world and has gained significance in the view of public policy and management practice. CSR is often defined as "the social responsibility of business encompasses the economic, legal, ethical and discretionary expectations that society has of organizations at a giv

Download or read book The Implications of Goodwill Accounting Methods Corporate Social Responsibility and Taxes for the Cost of Debt written by Kourosh Amirkhani and published by . This book was released on 2021 with total page 124 pages. Available in PDF, EPUB and Kindle. Book excerpt: This dissertation investigates the implications of corporate social responsibility, tax avoidance, and goodwill impairments for debt capital providers. The first essay considers whether corporate social responsibility (CSR) acts as insurance to protect corporate creditors against risks linked to tax avoidance. Risk management theory suggests that CSR generates valueby preserving corporate financial performance. I rely on this theory to hypothesize that CSR mitigates the known positive association between tax avoidance and the cost of debt. The interaction between CSR and tax avoidance is negatively associated with bond yields and is consistent across multiple measures of tax avoidance. At the mean cash effective tax rate, a one standard deviation increase in CSR is, on average, associated with a 2.3 basis-point decrease in bond yields. Positive CSR activities, rather than fewer CSR concerns, drive this result. Overall, the findings suggest that CSR tempers the risks of tax avoidance.My second essay focuses on the implications of goodwill impairments for creditors. On December 16, 2020, the Financial Accounting Standards Board (FASB) announced it intends to eliminate goodwill impairment testing and reintroduce amortization. This decision came after reporting companies voiced complaints about the complexity, costliness, and lack of benefits of the annual impairment testing. Although prior research considers the usefulness of goodwill impairment charges for equity investors, I examine their information content for creditors.I find that goodwill impairment losses are positively associated with bond and loan spreads. Further analysis shows that the occurrence of impairments is associated with higher bond spreads; rather than adjusting interest rates, banks appear to require more stringent covenants. These results are consistent with impairment losses conveying private information about firms' prospects, and creditors respond with adjustments to compensate for the increased risk.Path analysis shows that the effect of goodwill impairments on the cost of debt is mediated by volatility in future profits and volatility in future cash flows. The study results remain consistent after controlling for firm fixed effects and accounting for sample heterogeneity using entropy balancing. Overall, the findings suggest that goodwill impairments send meaningful signals to the credit market pertaining to future financial performance.

Download or read book Goodwill Impairment and Corporate Social Responsibility written by and published by GRIN Verlag. This book was released on 2020-06-15 with total page 35 pages. Available in PDF, EPUB and Kindle. Book excerpt: Case Study from the year 2019 in the subject Business economics - Accounting and Taxes, grade: 2,3, University of Bremen, language: English, abstract: The issue goodwill impairment is controversially discussed in practice and in literature because goodwill or rather the amount of goodwill which has to be impaired primarily based on managerial assumptions and proprietary information and further the recognition and accurate measurement is not easy and thus often not free from error. Therefore the International Accounting Standards Board (IASB) and the Financial Accounting Standards Board (FASB) require firms to disclose specific information on how and why goodwill arises in business combinations. Goodwill accounting is intended to provide information on the financial consequences of mergers and acquisitions. It is therefore potentially very important for recipients of annual financial statements. Goodwill accounting in Europe is generally regulated in the International Financial Reporting Standard 3 (IFRS 3) Business Combinations and International Accounting Standard 36 (IAS 36) Impairment of Assets. Goodwill accounting in the US is regulated in Accounting Standards Codification 805 (ASC 805) Business Combinations (formally known as Statement of Financial Accounting Standards No. 141 (SFAS 141)) and ASC 350 Goodwill and other Intangible Assets (formally known as SFAS 142). Goodwill is defined as an asset representing the future economic benefits arising from other assets acquired in a business combination that are not individually identified and separately recognised. Besides goodwill impairment, Corporate Social Responsibility (CSR) activities has become another steadily increasing issue around the world and has gained significance in the view of public policy and management practice. CSR is often defined as “the social responsibility of business encompasses the economic, legal, ethical and discretionary expectations that society has of organizations at a given point in time.” Especially the relationship between a firm ́s CSR and its firm performance, earnings quality and information asymmetry has been subject of accounting literature and research. If specific socially responsible actions tend to be negatively correlated with firm performance, managers could be cautious in this area. If, on the other hand, a positive association can be shown to exist, managers might be encouraged to enhance such activities.

Download or read book Accounting for Goodwill written by Andrea Beretta Zanoni and published by Routledge. This book was released on 2009-06-10 with total page 260 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book provides an illuminating analysis of Internally Generated Goodwill from a strategic point of view. The author launches his strategic analysis from a foundational understanding of Internally Generated Goodwill as determined largely in relationship to intangible resources and competitive differentials. Arguing that intangible resources are at the origin of competitive differential--and accordingly at the origin of the achievement of economic profit--the author shows how Internally Generated Goodwill can be considered as the economic expression of competitive differentials and, therefore, as the expression of the greater firm’s value that originates from those differentials. In addition to offering this innovative theoretical framework, the author develops a variety of practical tools for generating value estimates and value breakdowns of IIG. The masterful analysis provided here focuses on developing methods for identifying the elements that compose IIG and on achieving an accurate estimate of its value, ultimately seeking to evaluate the limitations and advantages of the existing variety of approaches to analyzing the constituent parts of IIG and to devise accounting practices that will help academics and professionals alike to obtain more significant and lucid results.

Download or read book Profit Through Goodwill Corporate Social Responsibility in China and Taiwan written by I-Ling Lin and published by . This book was released on 2006 with total page 154 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book Trademark Goodwill as a Public Good written by Margaret Chon and published by . This book was released on 2017 with total page 41 pages. Available in PDF, EPUB and Kindle. Book excerpt: Powerful brands dominate our transnational landscapes. Brand value -- referred to in law as trademark goodwill -- is co-created by trademark owners and the consumers of their products and services. Commonly defined as all possible sources of consumer patronage, trademark goodwill is critically important not only for business ability to attract and retain customers, but also for its regulatory capacity to signal process characteristics such as environmental impact or labor standards. This Article focuses on the role of trademark goodwill in signaling sustainability standards as key informational components of corporate social responsibility. In this view of trademark goodwill, brands potentially provide highly public platforms for interaction by firms and their customers to further various public and private policies. Brand value could play a more significant role in conveying robust corporate social responsibility efforts to consumers,thereby creating market-differentiation mechanisms for brand owners, improving firm efficiency, and increasing supply chain sustainability -- not to mention contributing to more meaningful choices for consumers participating in now ubiquitous global value networks. In short, trademark goodwill performs a critical public, communicative function and therefore is a key public good within a regulatory governance framework.

Download or read book Entrepreneurship Psychology CSR and Sustainability written by Muddassar Sarfraz and published by Frontiers Media SA. This book was released on 2021-05-20 with total page 135 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book Corporate Social Responsibility written by Michael Kerr and published by . This book was released on 2009 with total page 650 pages. Available in PDF, EPUB and Kindle. Book excerpt: Corporations now face greater scrutiny regarding their environmental, social, and economic activities. Accounting firms and consultancies use increasingly sophisticated tools to verify corporate undertakings. Socially responsible investment funds screen corporate performance, and failure to perform even affects share price. By ignoring the legal context or viewing, CSR measures as merely voluntary, a corporation can expose itself to clear financial and legal liability. Corporate Social Responsibility - A Legal Analysis is the first comprehensive legal text on global CSR. It examines the hard and soft laws that ground CSR to show that responsible corporate behaviour has become a matter of important legal concern for virtually every corporation.

Download or read book International Corporate Social Responsibility written by Ramon Mullerat and published by Kluwer Law International B.V.. This book was released on 2010-01-01 with total page 538 pages. Available in PDF, EPUB and Kindle. Book excerpt: "At present, Corporate Social Responsibility (CSR) for some may not be more than an attitude. Can it be more? What degree of commitment can we reasonably expect of corporations in the struggle to eradicate poverty, promote human rights, halt climate change and reverse ongoingenvironmental destruction? It is not a question of power; more than half of the worlds top 100 economies are corporations, not nation-states. Whatever can be done to "fix" the world's problems, corporations are in the best position to do [it]."--Back cover.

Download or read book The Handbook of Corporate Social Responsibility written by Human Resources Network and published by . This book was released on 1975 with total page 648 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book Corporate Social Responsibility written by Renu Jatana and published by . This book was released on 2008-01-01 with total page 572 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book Goodwill Impairment Charges Under SFAS 142 Role of Executives Incentives and Corporate Governance written by Lale Guler and published by . This book was released on 2007 with total page 101 pages. Available in PDF, EPUB and Kindle. Book excerpt: Overall, the results imply that managerial incentives do affect the implementation of standards that expand managerial discretion and highlight the importance of corporate boards in the monitoring of discretion allowed by such standards.

Download or read book Corporate Social and Human Rights Responsibilities written by K. Buhmann and published by Springer. This book was released on 2010-12-08 with total page 304 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book challenges the separation between CSR and law. It also demonstrates that BRHR may be gradually separating from CSR through emphasis on state obligations. Authors from around the world discuss how businesses engage in CSR and human rights, and how governments and intergovernmental organisations may support business in taking responsibility

Download or read book A Handbook of Corporate Governance and Social Responsibility written by Güler Aras and published by CRC Press. This book was released on 2016-03-16 with total page 716 pages. Available in PDF, EPUB and Kindle. Book excerpt: The current economic situation has highlighted deficiencies in corporate governance while also showing the importance of stakeholder relations. It has also raised the profile of the debates regarding corporate social responsibility and shown the inter-relationship with governance. And the two together are essential for sustainable business. The social and environmental contexts of business are generally considered to be as significant as the economic and financial contexts and good governance will address all of these aspects. The combination of these aspects offers long term benefits for a firm, such as reducing risk and attracting new investors, shareholders and more equity as well as sustainable performance. Written by experts from all over the world, A Handbook of Corporate Governance and Social Responsibility is the most authoritative single-volume guide to the relationship between good governance and social responsibility and the reality of managing both. In addition to the theory and practice of governance and CSR, the book includes case studies from large and small organizations and NGOs to highlight examples of good and bad practice, and to show international and cultural similarities and differences while at the same time furthering the debate regarding the relationship between good governance and social responsibility.

Download or read book Is Corporate Social Responsibility Viewed as a Risk Factor written by Cristiana Manescu and published by . This book was released on 2009 with total page 31 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book Three Essays on Goodwill Impairment Disclosure written by Ionela Andreicovici and published by . This book was released on 2019 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: This dissertation is composed of three distinct studies that empirically examine the role of the information disclosed on goodwill impairment for key firm stakeholders (i.e., financial analysts, peer firms, and external auditors). In the first study, I examine the effect of disclosure transparency on disagreement among analysts, and disagreement between analysts and managers, in the context of goodwill impairment. The second study examines whether the reporting of significant goodwill impairment by a firm (impairment firm) affects the corporate investment behavior of other firms in the same industry (peer firms). The third study investigates the impact of the expanded audit report disclosure on firms' financial disclosure decisions. Specifically, I examine whether firms adjust the levels of disclosure on goodwill impairment when auditors flag goodwill impairment as a risk of material misstatements in the expanded audit report. This study contributes to the debate about the usefulness of the expanded audit report by identifying the mechanism through which expanded audit report impacts financial reporting and corporate decisions.

Download or read book The Side Effects of the Implementation of Ifrs Goodwill Impairment written by Ahmad Alshehabi and published by LAP Lambert Academic Publishing. This book was released on 2011-03 with total page 76 pages. Available in PDF, EPUB and Kindle. Book excerpt: This study examines the effects of IFRS 3 "Business Combinations" on goodwill impairment losses reported by a sample of 52 firms, drawn from the largest UK firms listed on the main market of the London Stock Exchange during the period 2006-2008. The sample was identified as a result of certain criteria. The majority of the sample firms met the threshold of significant goodwill (greater than or equal to 10% of total assets) indicating that goodwill as an asset representing a material component of the reported asset portfolio for the research sample. The study investigates whether the current accounting treatment for goodwill has contributed to greater uniformity in accounting for goodwill and its impairment, and consequently enabled comparison to be made across industries and through time. The study lends support to the international accounting standard-setters' decision to question the usefulness of the current accounting treatment of goodwill under IFRS.