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The Third Annual Conference at Temple University on the Convergence of Managerial and Financial Accounting Research was held Aug. 7-9.

Co-hosted by the Merves Center for Accounting and Information Technology, and the Accounting Department at Temple’s Fox School of Business, the conference has received additional sponsorship support allthree years from the Chartered Institute of Management Accountants (CIMA) UK, the world’s largest professional body of management accountants. Each year, the Accounting Conference explores state-of-the-art practices in how the understanding of financial reporting is and can be informed by considering managerial accounting issues, while showcasing important cutting-edge research by scholars in both managerial and financial accounting.

More than 80 leading experts gathered at Alter Hall, home to the Fox School of Business, including keynote speakers Jacob Thomas, Rajiv Banker, Eva Labro, Paul Zarowin, Sudipta Basu, Ranjani Krishnan and Lawrence Brown.

A co-organizer of this and other accounting conference series, Banker said this particular series attracted 50 percent more participants than last year, and is hopeful for continued growth in the years to come.

“Convergence of managerial and financial accounting is an exciting and expanding new field of research,” said Banker, a Professor of Accounting at Fox. “The Fox School of Business at Temple University, our faculty, and our PhD students are seen as emerging leaders in this new field of inquiry.”

Presentations featured research work by academics, revealing how managerial behavior influences financial reporting, and covered topics like Analyst Forecasts, Performance Evaluations, Earnings Behavior, International Financial Reporting, and Taxation. Presenters and attendees came from around the world, including representatives from universities such as Harvard, Northwestern, New York University, the London Business School, Yale, Columbia and Tilburg University.

In addition to presentations from professors and leading academic experts, 12 PhD students presented their research work during the conference.

Assistant Professor of Accounting at the Fox School and a co-organizer of this year’s conference, Lucas Threinen said he was impressed by the PhD students who had been accepted as presenters, noting “these students represented themselves very well, and I believe they were able to get valuable feedback about their work.”

Providing PhD students with an opportunity to present their research at an academic conference builds upon the mission of the Fox School’s PhD Program to educate, train and mentor PhD students in a supportive research environment with the aid of Fox faculty to generate and publish ground-breaking research in top journal outlets, and place them in peer and aspirant research institutions around the world.

Next year’s conference on the Convergence of Managerial and Financial Accounting will be held at the University of Calgary, in Canada, which Banker hopes will expand the scope of already-growing attendance, and will be co-sponsored again by the Merves Center for Accounting and Information Technology at the Fox School of Business. The Merves Center has more exciting events in the works for the upcoming academic year, bringing a new academic conference series focusing on Accounting Information Systems to Temple. Banker will co-organize this conference series with newly appointed Assistant Professor of Accounting Hilal Atasoy.

More information on conferences sponsored by the Accounting Department at the Fox School of Business at Temple University can be found by visiting their departmental website.

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How Fair are Fair Values?

January 28, 2013 //

More and more, fair values rather than historical costs are reported in the financial statements. The movement towards fair value accounting has been quite controversial. Some groups view fair value accounting as a positive step forward in financial reporting. Others assert fair values are too unreliable. Here, we’ll describe the movement towards fair value accounting in the US and internationally. We’ll discuss the pros and cons of fair value accounting. Then, we’ll delve into where fair values are reported in the financials and what their financial statement effects are. We’ll briefly cover the different sources of fair values and the GAAP fair value hierarchy.