Faculty Publications
The Adequacy Of Fixed Asset Disclosures Under U.S. GAAP
Document Type
Article
Keywords
Disclosure, Financial analysis, Fixed assets
Journal/Book/Conference Title
Research in Accounting Regulation
Volume
25
Issue
2
First Page
149
Last Page
156
Abstract
Prior to 1995, the U.S. Securities and Exchange Commission (SEC) required publicly-traded, capital-intensive registrants to prepare detailed supplemental schedules summarizing the activity in fixed asset-related accounts. This study examines these previously-mandated schedules and illustrates how current aggregated reporting requirements potentially conceal insights that could be gained with finer information. This is a significant issue, as current disclosures under International Financial Reporting Standards (IFRS) are similar to the former SEC requirements. The analysis supports the conclusion that stakeholders in capital-intensive U.S. firms are at an informational disadvantage relative to stakeholders in similar firms reporting under IFRS. © 2013 Elsevier Ltd.
Department
Department of Accounting
Original Publication Date
11-1-2013
DOI of published version
10.1016/j.racreg.2013.08.002
Recommended Citation
Bauman, Mark P., "The Adequacy Of Fixed Asset Disclosures Under U.S. GAAP" (2013). Faculty Publications. 1539.
https://scholarworks.uni.edu/facpub/1539
