The adequacy of fixed asset disclosures under U.S. GAAP
Mark P. Bauman
Research in Accounting Regulation, 2013, vol. 25, issue 2, 149-156
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.
Keywords: Disclosure; Fixed assets; Financial analysis (search for similar items in EconPapers)
Date: 2013
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Citations: View citations in EconPapers (4)
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Persistent link: https://EconPapers.repec.org/RePEc:eee:reacre:v:25:y:2013:i:2:p:149-156
DOI: 10.1016/j.racreg.2013.08.002
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