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March 18, 2026The Accounting Review

The Incidence and Nature of Consistency Exceptions.

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Authors

FNFrederick L. NeumannUniversity of Illinois Urbana-Champaign

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Implication

Examines changes in accounting consistency in corporations, indicating a need for better uniformity in reporting effects on net income.

Key Points

  • The aim is to assess changes in the application of accounting principles and assess their material impact.
  • Analyzed accounting changes across 300 corporations
  • Evaluated qualifications issued by auditors from 1955 to 1963
  • Categorized changes related to consolidation, depreciation, and inventory valuation
  • Most changes resulted in an increase in reported net income
  • Findings showed a predominance of immaterial changes affecting net income
  • Little concentration of qualifications across companies, industries, or firms

Cite This Study

Frederick L. Neumann (1969) studied this question.

synapsesocial.com/papers/69ba432b4e9516ffd37a4164https://doi.org/10.2308/tar-4488982
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Also Consider

Synapse has enriched 5 closely related papers on similar clinical questions. Consider them for comparative context:

  1. 1Characteristics of Firms Reporting Consistency Exceptions--A Cross-Sectional Analysis.1977
  2. 2Do Consistency Modifications Provide Information to Equity Markets?1992
  3. 3Reporting Accounting Changes: Are Stricter Guidelines Needed?1988
  4. 4Characteristics of Firms Making Accounting Changes.1973
  5. 5Consistency Reexamined.1968