Accounting Perspectives最新文献

{"title":"Pre-IPO Tokens: Trading in the Dark","authors":"Johnathon Cziffra,&nbsp;Margaret Fong","doi":"10.1111/1911-3838.70002","DOIUrl":"https://doi.org/10.1111/1911-3838.70002","url":null,"abstract":"<p>Pre-IPO tokens offer a new way for individual investors to access the private equity markets. However, without access to the private firm or to regulated public disclosures, token traders operate under extreme information asymmetry. This paper examines the behavior of the pre-IPO token market around private funding events, such as venture capital rounds, which often offer a rare glimpse into the private firm. We find that investor attention spikes around funding announcements, and token prices decline—particularly when valuation information is disclosed and pre-event token prices are loftier. These findings suggest that information released around funding events tempers speculative fervor in a market that otherwise trades in the dark. This study may interest accountants and auditors evaluating tokenized securities and their underlying assets. It also contributes to the discussion on expanding individual investors' access to the private markets while ensuring appropriate safeguards. <b>JEL Classification:</b> G1, G4</p>","PeriodicalId":43435,"journal":{"name":"Accounting Perspectives","volume":"25 1","pages":"125-145"},"PeriodicalIF":0.9,"publicationDate":"2026-03-07","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"https://onlinelibrary.wiley.com/doi/epdf/10.1111/1911-3838.70002","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"147563209","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"OA","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

{"title":"Marginal Tax Rates of Canadian Public Firms and the Applicability of Marginal Tax Rates in Corporate Decisions*","authors":"Khin Phyo Hlaing,&nbsp;Bin (Betty) Xing","doi":"10.1111/1911-3838.12417","DOIUrl":"https://doi.org/10.1111/1911-3838.12417","url":null,"abstract":"<p>While several US studies demonstrate the importance of using marginal tax rates (MTRs) to study corporate decisions and tax incentives, research using MTR in the Canadian setting is limited. The MTR literature has made several improvements on the estimation process using US firms, but these advances have not been made available for Canadian firms. In this study, we first incorporate the improved MTR simulation procedure based on the US literature for 19,551 firm-years of publicly listed nonfinancial Canadian firms from 2006 to 2021. We then explicitly test the relation between our simulated MTR and two corporate decisions: debt policy and investment choice. We find that only our simulated MTR shows a positive and statistically significant relation with debt, while other tax rate proxies, including the trichotomous measures, fail to show this theorized relation. We find that both MTR and statutory tax rate show a significantly negative relation with investment, and the negative relation is mitigated by accelerated tax depreciation policies.</p>","PeriodicalId":43435,"journal":{"name":"Accounting Perspectives","volume":"25 1","pages":"55-93"},"PeriodicalIF":0.9,"publicationDate":"2026-03-07","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"https://onlinelibrary.wiley.com/doi/epdf/10.1111/1911-3838.12417","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"147568806","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"OA","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

{"title":"Accessing Research-Informed Instructional Strategies to Teach Financial and Managerial Accounting: A Review and Recommendations","authors":"Sanobar Anjum Siddiqui","doi":"10.1111/1911-3838.70004","DOIUrl":"https://doi.org/10.1111/1911-3838.70004","url":null,"abstract":"<p>Financial and managerial accounting (FMA) courses are critical courses that give first-year students their first taste of technical accounting content. This paper surveys 20 years of literature in five specialist accounting education journals to draw out research-informed instructional strategies and associated recommendations on their use and development. The findings follow Anson's instructional design model, identifying five categories of research-informed instructional strategies that target FMA: experiential learning; software; content or exam design/delivery; in-class activities; and games. First, the study recommends the use of experiential tools to teach FMA. Second, firms should develop software tools that go beyond multiple choice questions and leverage tools like Excel spreadsheets, data analysis, and visualization, as well as media, such as videos and podcasts. Finally, universities should build communities of practice to encourage a greater level of discourse around teaching FMA. One of the contributions of this paper is to systematically filter, organize, and present the academic peer-reviewed literature that describes research-informed instructional strategies in FMA.</p>","PeriodicalId":43435,"journal":{"name":"Accounting Perspectives","volume":"25 1","pages":"147-190"},"PeriodicalIF":0.9,"publicationDate":"2026-03-07","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"https://onlinelibrary.wiley.com/doi/epdf/10.1111/1911-3838.70004","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"147568290","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"OA","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

{"title":"Financial Reporting & Assurance Standards (FRAS) Canada Corner","authors":"","doi":"10.1111/1911-3838.70006","DOIUrl":"https://doi.org/10.1111/1911-3838.70006","url":null,"abstract":"&lt;p&gt;FRAS Canada Corner is your quarterly update on the key discussions and decisions from Canada's reporting and assurance standard-setting boards: the Accounting Standards Board (AcSB), the Auditing and Assurance Standards Board (AASB), the Public Sector Accounting Board (PSAB), and the Canadian Sustainability Standards Board (CSSB).&lt;/p&gt;&lt;p&gt;Each update provides insights from recent board meetings, highlighting progress on proposed standards and active projects. Organized by date, these summaries include direct links to project pages and full details, ensuring you have access to the most up-to-date information at the time of publication.&lt;/p&gt;&lt;p&gt;For deeper insights, explore our other resources at FRASCanada.ca.&lt;/p&gt;&lt;p&gt;Le Bulletin de NIFC Canada propose une mise à jour trimestrielle des principales discussions et décisions des organismes canadiens responsables de l‘établissement des normes en matière d’information financière et de certification : le Conseil des normes comptables (CNC), le Conseil des normes d‘audit et de certification (CNAC), le Conseil sur la comptabilité dans le secteur public (CCSP) et le Conseil canadien des normes de durabilité (CCND).&lt;/p&gt;&lt;p&gt;Chaque mise à jour offre un aperçu des plus récentes réunions de ces conseils et met en lumière les progrès réalisés sur les normes proposées et les projets en cours. Organisés par date, ces résumés contiennent des liens directs vers les pages des projets et l‘information complète à leur sujet, pour vous permettre d’accéder à l’information la plus à jour au moment de la publication.&lt;/p&gt;&lt;p&gt;Pour en apprendre davantage, explorez nos autres ressources à l‘adresse NIFCCanada.ca.&lt;/p&gt;&lt;p&gt;July 15, 2025—The AcSB discussed agriculture; the Consultation Paper, “Detailed Review of Accounting Standards for Private Enterprises” (ASPE); financial statement concepts; the Part IV Work Plan Survey; IFRS Accounting Standards Discussion Group topics; and more. Read the decision summary for full details.&lt;/p&gt;&lt;p&gt;September 16–17, 2025—The AcSB discussed rate-regulated activities; IFRS 16 &lt;i&gt;Leases&lt;/i&gt;; reporting controlled and related entities for not-for-profits; agriculture; its annual plan and strategic plan; due process; and more. Read the decision summary for full details.&lt;/p&gt;&lt;p&gt;September 9, 2025—The AASB met to advance key projects, including Canadian standards, such as &lt;i&gt;Compilations of Future-oriented Financial Information and Pro Forma&lt;/i&gt; and &lt;i&gt;General Requirements for Sustainability Assurance Engagements&lt;/i&gt;, as well as international projects, such as audit evidence and risk response. Read the decision summary for full details.&lt;/p&gt;&lt;p&gt;Visit PSAB's web page for news about its activities.&lt;/p&gt;&lt;p&gt;June 19, 2025—The CSSB met virtually for final deliberations on the feedback from the 2025–2028 Strategic Plan consultation. The CSSB also discussed its response to the International Sustainability Standards Board's (ISSB) Exposure Draft on amendments to IFRS S2 &lt;i&gt;Climate-related Disclosures&lt;/i&gt;. Last, the CSSB discu","PeriodicalId":43435,"journal":{"name":"Accounting Perspectives","volume":"24 4","pages":"1005-1007"},"PeriodicalIF":0.9,"publicationDate":"2025-12-06","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"https://onlinelibrary.wiley.com/doi/epdf/10.1111/1911-3838.70006","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"145695278","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"OA","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

{"title":"Hiffmax Motor Company","authors":"Yan Jin,&nbsp;Flora Niu,&nbsp;Leo Sheng","doi":"10.1111/1911-3838.70003","DOIUrl":"https://doi.org/10.1111/1911-3838.70003","url":null,"abstract":"<div>\u0000 \u0000 <p>This fictional case explores the financial reporting challenges faced by a Canadian multinational corporation, offering students a valuable opportunity to apply key accounting concepts in a practical setting. Focusing on the fiscal year ending September 30, 2025, the case emphasizes critical adjustments necessary before finalizing the financial statements. The case covers the following topics: (1) fundamental steps in the accounting cycle, with an emphasis on supporting the preparation of financial statements; (2) accounting for discontinued operations and the implications of subsequent events; (3) calculation of both basic and diluted EPS; and (4) financial challenges related to investments, requiring well-informed reporting recommendations. Through this engaging case, students gain hands-on experience with real-world financial reporting issues, enhancing their understanding of essential accounting principles. This case is ideal for intermediate-level financial accounting courses but can also be adapted for other courses, such as advanced financial reporting in undergraduate programs or financial accounting in graduate programs.</p>\u0000 </div>","PeriodicalId":43435,"journal":{"name":"Accounting Perspectives","volume":"24 4","pages":"979-984"},"PeriodicalIF":0.9,"publicationDate":"2025-10-31","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"145695329","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

{"title":"Financial Reporting & Assurance Standards (FRAS) Canada Corner","authors":"","doi":"10.1111/1911-3838.70000","DOIUrl":"https://doi.org/10.1111/1911-3838.70000","url":null,"abstract":"","PeriodicalId":43435,"journal":{"name":"Accounting Perspectives","volume":"24 3","pages":"861-865"},"PeriodicalIF":0.9,"publicationDate":"2025-09-08","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"145007994","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

{"title":"Sharing Accounting Research on Equity, Diversity, Indigeneity, Inclusion, and Belonging (EDIIB): Using Infographics to Communicate Highlights and Foster Engagement*","authors":"Merridee Bujaki,&nbsp;Anamika Jayendran","doi":"10.1111/1911-3838.12415","DOIUrl":"https://doi.org/10.1111/1911-3838.12415","url":null,"abstract":"<p>This note introduces a set of one-page research-informed infographics addressing eight distinct topics on equity, diversity, Indigeneity, inclusion, and belonging (EDIIB) in accounting. The infographics serve to build community and capacity in EDIIB in the profession. This note positions EDIIB within the set of competencies needed in accounting professionals; introduces our motivations in preparing the infographics; describes briefly how the infographics may be used in accounting education, practice, and research; identifies common themes across the infographics; proposes broad areas for future research; and encourages readers to engage with the EDIIB topics addressed in the infographics and to reflect on their role in fostering inclusion within the accounting profession.</p>","PeriodicalId":43435,"journal":{"name":"Accounting Perspectives","volume":"24 3","pages":"841-860"},"PeriodicalIF":0.9,"publicationDate":"2025-08-22","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"https://onlinelibrary.wiley.com/doi/epdf/10.1111/1911-3838.12415","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"145007975","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"OA","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

{"title":"Le scandale financier de l'Université Laurentienne : Déficiences en comptabilité et audit*,†","authors":"MARC PILON,&nbsp;JO-ANNE RYAN","doi":"10.1111/1911-3838.12413","DOIUrl":"https://doi.org/10.1111/1911-3838.12413","url":null,"abstract":"<p><b>The Laurentian University Financial Scandal: Accounting and Audit Deficiencies</b></p><p>This case study investigates the shocking 2021 insolvency and resulting financial scandal at Laurentian University, a publicly funded post-secondary institution in the province of Ontario, Canada. The case exposes significant weaknesses in internal control, highlights the institution's inability to become financially sustainable, and serves as a warning about the importance of responsible governance. Using publicly available information, the case study focuses on the financial, governance, and auditing elements resulting from the scandal. The Laurentian scandal is a significant Canadian accounting event that merits attention from the accounting community in Canada and beyond because important lessons can be learned about financial management and corporate governance. The case study is best suited for analysis in an upper-year professional integration undergraduate course or at the graduate level in an assurance course. The case study is also valuable for those in academic governance.</p>","PeriodicalId":43435,"journal":{"name":"Accounting Perspectives","volume":"24 4","pages":"985-1004"},"PeriodicalIF":0.9,"publicationDate":"2025-08-21","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"145695422","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

{"title":"Cybersecurity Risks and Incidents Disclosure: A Literature Review*","authors":"Farzaneh Amani,&nbsp;Michel Magnan,&nbsp;Rucsandra Moldovan","doi":"10.1111/1911-3838.12411","DOIUrl":"https://doi.org/10.1111/1911-3838.12411","url":null,"abstract":"<p>This paper reviews the expanding literature on the disclosure of cybersecurity risks and incidents. In contrast to prior reviews on cybersecurity, we focus specifically on disclosure and consider studies publicly available to the end of 2024. We classify the literature along three main dimensions: characteristics, determinants, and outcomes of cybersecurity disclosure. Within each dimension, we group studies that examine similar concepts to highlight areas where a critical mass of knowledge exists, as well as areas where research remains limited, findings are inconclusive, or contradictions persist. We conclude by outlining four broad research questions that warrant further investigation, with the goal of advancing our understanding of cybersecurity disclosure, its implications for organizations and stakeholders, the broader risk management landscape, and the related adversarial costs unique to this disclosure.</p>","PeriodicalId":43435,"journal":{"name":"Accounting Perspectives","volume":"24 3","pages":"605-667"},"PeriodicalIF":0.9,"publicationDate":"2025-08-07","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"https://onlinelibrary.wiley.com/doi/epdf/10.1111/1911-3838.12411","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"145007977","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"OA","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

{"title":"Healthy Meals 4 Kids: A Four-Part Instructional Case*","authors":"Bryce Cross,&nbsp;Samantha Taylor","doi":"10.1111/1911-3838.12412","DOIUrl":"https://doi.org/10.1111/1911-3838.12412","url":null,"abstract":"<p>This fictional case centers on a not-for-profit organization, Healthy Meals 4 Kids, in the province of New Brunswick, Canada, that provides free meals to families experiencing financial difficulty who have children with special dietary needs. The case provides an opportunity for students to perform many tasks related to external auditing—using a nonprofit accounting framework—from the point of client acceptance through to the conclusion of the audit. The case, teaching notes, and rubrics are intended to mirror the tone and feel of Chartered Professional Accountants of Canada (CPA Canada) cases used in the CPA Professional Education Program (CPA PEP) but at a difficulty level appropriate for undergraduate learners. The case is particularly reflective of case material that would be found in the assurance elective of the CPA PEP. The case is best deployed in an undergraduate or graduate course focusing on auditing or an accounting class for which not-for-profit accounting is a prerequisite or corequisite.</p>","PeriodicalId":43435,"journal":{"name":"Accounting Perspectives","volume":"24 4","pages":"965-977"},"PeriodicalIF":0.9,"publicationDate":"2025-07-10","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"https://onlinelibrary.wiley.com/doi/epdf/10.1111/1911-3838.12412","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"145695533","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"OA","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}