德勤－复旦会计论坛系列讲座之一百二十

时间：2017年5月12日（周五）下午13：30

地点：史带楼603室

主持人: 张新博士

演讲嘉宾：Yuan Zhang (The University of Texas at Dallas)

Title：Market Assessments of the Standard Setting Process of the New Revenue Recognition Standard ASU 2014-09

Abstract：We examine market responses to four milestone events in the standard setting process of ASU 2014-09, the principle-based, five-step revenue recognition standard issued by the FASB on revenue for contracts with customers. While on average, there is little positive or negative market response to any of the events, we find significant heterogeneity in market perception of the net costs or benefits of the standard. Specifically, investors respond positively to firms with weak control or monitoring environment, firms with complex contracts that are more likely to be subject to judgment and discretion under the new standard, and firms in more populated industries. However, investors respond negatively to firms with incentives to manipulate revenue, or firms with complicated contracts but weak internal controls.

会计学系

2017-5-9