An investigation of the effects of SFAS No.121 on asset impairment reporting and stock returns
Description:
Prior to Statement of Financial Accounting Standards No.121 (SFAS No.121): Accounting for the Impairment of Long-Lived Assets and Long-Lived Assets to Be Disposed Of, managers had substantial discretion concerning the amount and timing of reporting writedowns of long-lived assets. Moreover, the frequency and dollar amount of asset writedown announcements that led to a large “surprise” caused the Financial Accounting Standards Board (FASB) and the Securities and Exchange Commission (SEC) to cons…
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Date:
December 2001
Creator:
Alshabani, Waleed Mohammad
Partner:
UNT Libraries