The Role of Accruals in Asymmetrically Timely Gain and Loss Recognition
The Role of Accruals in Asymmetrically Timely Gain and Loss Recognition
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DOI：
10.2139/ssrn.649681
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发表时间：
2005-01
期刊：
影响因子：
--
通讯作者：
R. Ball;Lakshmanan Shivakumar
中科院分区：
文献类型：
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作者：
R. Ball;Lakshmanan Shivakumar
我们研究了权责发生制会计在不对称地及时确认(并入报告的收益)损益中的作用。及时确认需要在完全实现现金损益之前进行应计。我们发现，包含损益确认不对称性的非线性应计利润模型(更及时的损失确认，或条件保守主义)提供了实质性的规范改进，比同等的线性规范解释了更多的应计利润变化。相反，传统的线性应计项目模型忽略了损失确认的不对称性，表现出很大的衰减偏差，并且对会计应计项目过程的描述相对较差。线性指标也低估了当前收益预测未来现金流的能力。这些发现对于我们理解权责发生制会计和稳健性，以及对研究者估计可自由支配应计项目、盈余管理和盈余质量具有重要意义。版权所有，代表芝加哥大学会计专业研究所，2006年。
We investigate the role of accrual accounting in the asymmetrically timely recognition (incorporation in reported earnings) of gains and losses. Timely recognition requires accruals when it precedes complete realization of the gains and losses in cash. We show that nonlinear accruals models incorporating the asymmetry in gain and loss recognition (timelier loss recognition, or conditional conservatism) offer a substantial specification improvement, explaining substantially more variation in accruals than equivalent linear specifications. Conversely, conventional linear accruals models, by omitting the loss recognition asymmetry, exhibit substantial attenuation bias and offer a comparatively poor specification of the accounting accrual process. Linear specifications also understate the ability of current earnings to predict future cash flows. These findings have implications for our understanding of accrual accounting and conservatism, as well as for researchers estimating discretionary accruals, earnings management, and earnings quality. Copyright University of Chicago on behalf of the Institute of Professional Accounting, 2006.