Àngels Fitó-Bertran archivos -

Regular Post

Written by Marc Oliveras

6 July 2017

Article 1, Volume 3 Issue 2

Accounting ratio-based predictions: an analysis of the relationship between indicators of financial health and those of accounting manipulation

Joan Llobet-Dalmases, Dolors Plana-Erta and Àngels Fitó-Bertran

DOI: 10.26595/eamr.2014.3.2.1

Abstract

Against a backdrop of global accounting harmonization, financial information is required to be useful and trustworthy for investors and other users. This study contributes to establishing whether there is a relationship between the Z-score model for predicting financial distress and the Z Vladu model for predicting earnings manipulation. Both models discriminate between companies using financial statement ratios.

Extracting data from the Sistema de Análisis de Balances Ibéricos (Iberian Accounts Analysis System, or SABI) database for medium-sized and large Spanish companies for the period 2005 to 2015, both summary indicators have been calculated and descriptive and bivariate analyses have been performed.

The results show that there is a relationship between both indicators, albeit a weak one.

Keywords

Financial distress
Z-score
Earnings manipulation
Earnings management
Earnings quality
Spanish firms

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Àngels Fitó-Bertran, Dolors Plana-Erta, Joan Llobet-Dalmases

Earnings management, Earnings manipulation, Earnings quality, Financial distress, Spanish firms, Z-score

Regular Post

Written by Marc Oliveras

21 March 2017

Article 1, Volume 3 Issue 1:

The impact of ABC costing systems to solve managerial cost problems: a real improvement, a fad or a fashion?

Natàlia Cugueró-Escofet and Àngels Fitó-Bertran

DOI: 10.26595/eamr.2014.3.1.1

Abstract

One of the main problems of management profession is that there is not yet a corpus of theories and knowledge that can assist professionals to take adequate choices for solving the problems they actually have. Initially, we can assume that the inherent reasons for the explosion and diffusion of ABC are that these systems improve the efficiency of the selected strategy. However, a significant number of failures reveal a situation that can be attributed to other potential reasons, for instance a bad implementation. The existence of this paradox, lead us to investigate alternatives reasons for the diffusion of ABC. We show that there are alternative reasons for the diffusion of ABC, which may be a “fad logic” rather than a “problem solving logic” that we think should dominate management. We also argue that ABC systems are not introducing a revolutionary improvement in terms of the conceptualization of costs, as ABC is simply a way of using a full cost approach with a different conception of a cost center. Then, it can be useful mainly in cases where the decisions to be made can be better made using a full cost instead of other cost measures.

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Àngels Fitó-Bertran, Natàlia Cugueró-Escofet

Regular Post

Written by Marc Oliveras

21 March 2017

Article 2, Volume 2 Issue 1:

Economic consequence of accounting standards in the hotel industry: lobbying arguments versus expected impact

Núria Arimany-Serrat, Àngels Fitó-Bertran and Neus Orgaz-Guerrero

DOI: 10.26595/eamr.2014.2.1.2

Abstract

Accounting standards generate economic consequences that can be either intended or unintended. European and US accounting regulators have proposed to capitalize operating leases so that future payments derived from lease contracts are accounted for as debt. As operating leases are an important source of funding for the hotel industry, the sector has lobbied against the proposal. This paper analyses the economic impact on the hotel business of operating lease capitalization, using both hotel operators’ perceptions and quantitative analyses of the expected consequences. Results show that the arguments presented in the hotels’ comment letters are confirmed by the impact predicted. While hotels do not believe that the new standard will improve financial information quality (the intended economic consequence), they expect an increase in debt and reduced profitability (the unintended economic consequences), which may affect their strategies. An early response to this new standard is proposed in order to avoid unintended effects.

Keywords