| Article ID | Journal | Published Year | Pages | File Type |
|---|---|---|---|---|
| 1006737 | Research in Accounting Regulation | 2010 | 4 Pages |
Abstract
The FASB is reconsidering several provisions related to FIN 46R. The FASB and the IASB are also reevaluating the concept of an “entity” in their conceptual framework project. This study investigates the financial statement impact of Financial Interpretation (FIN) 46R. In addition, we examine changes in firms’ risk profile using bond yields. Our findings suggest that the impact of FIN 46R was minimal and largely confined to the financial sector and the energy production sector. In addition, corporate risk was largely unaffected. These findings suggest that FIN 46R is not entirely effective at reducing off-balance sheet financing and manipulations.
Related Topics
Social Sciences and Humanities
Business, Management and Accounting
Accounting
Authors
Chandra Subramaniam, Richard S. Mark,