Template-type: ReDIF-Article 1.0 Author-Name: Stefano Zambon Title: The managerialisation of Financial Reporting: an introduction to a destabilising accounting change Abstract: Classification-JEL: Keywords: Note: Pages:5-16 Volume: 2011/3 Supp Year: 2011 Issue:3 Supp File-URL:http://www.francoangeli.it/riviste/Scheda_Rivista.aspx?IDArticolo=43629&Tipo=Articolo PDF File-Format: text/HTML Handle: RePEc:fan:Frfrfr:v:html10.3280/FR2011-SU003001 Number: 1 Template-type: ReDIF-Article 1.0 Author-Name: Alberto Quagli Title: Goodwill accounting as a missing link between financial and management accounting: literature review and research agenda Abstract: The main objective of this paper is to deal with the relationship between financial and management accounting concerning goodwill accounting. In this research I referred to the existing literature on goodwill accounting, impairment losses, and impairment testing, considering both the amortization and the impairment era in order to understand how interrelationships between financial and management accounting based on goodwill accounting were investigated theoretically. The results of the review still show a lack of dialogue in the accounting research. Even though the scant empirical evidence of operating practice within the companies demonstrate a natural linkage during the impairment era, internal and external reporting are still considered as two separate domains. This result, more logical in the amortization era, denotes by now a relevant gap in accounting research and it is time to pose some relevant research questions to open up an interdisciplinary (internal and external reporting) view. It is possible that the development of this new strand of research helps to advance our knowledge of business on many fronts. I refer to the advancement necessary to explain the mixed results of financial accounting studies such as the controversial value relevance of write-offs or the reason for opportunistic behavior in goodwill accounting, to interpret how financial accounting rules influence management accounting and, in the opposite sense, how management accounting represents a relevant factor in determining the financial reporting environment. A less myopic view, more open to a comparison between management and financial accounting, will also help standard setters , to understand if their rules require the disclosure of already adopted internal practices, if they favor company managerial growth, or if they add new and too sophisticated administrative tasks, too far from the current state of managerial thinking. Classification-JEL: Keywords: Note: Pages:17-39 Volume: 2011/3 Supp Year: 2011 Issue:3 Supp File-URL:http://www.francoangeli.it/riviste/Scheda_Rivista.aspx?IDArticolo=43630&Tipo=Articolo PDF File-Format: text/HTML Handle: RePEc:fan:Frfrfr:v:html10.3280/FR2011-SU003002 Number: 2 Template-type: ReDIF-Article 1.0 Author-Name: Lino Cinquini Author-Name: Andrea Tenucci Title: Business model in management commentary and the links with management accounting Abstract: Management commentary (MC) is a non mandatory narrative report that provides a context within which to interpret the financial position, financial performance and cash flows of an entity to associate to the financial statement. Within the framework of MC, the paper focuses on the role of the "business model" in supporting information required by MC section "nature of the business". Furthermore the potential role of Management Accounting in providing the managerial financial and non financial information to improve the quality information on the "nature of the business" is explored. Classification-JEL: Keywords: Note: Pages:41-59 Volume: 2011/3 Supp Year: 2011 Issue:3 Supp File-URL:http://www.francoangeli.it/riviste/Scheda_Rivista.aspx?IDArticolo=43631&Tipo=Articolo PDF File-Format: text/HTML Handle: RePEc:fan:Frfrfr:v:html10.3280/FR2011-SU003003 Number: 3 Template-type: ReDIF-Article 1.0 Author-Name: Riccardo Silvi Author-Name: Monica Bartolini Title: The role of performance indicators in management commentary Abstract: Recent literature on financial reporting underlines that, in order to meet the changing needs of business reporting users, more information with a forward-looking perspective should be provided, with a focus on those factors that are responsible for longer- term value, including non-financial measurers. This article hence focuses on the importance of Key Performance Indicators (KPIs) in Management Commentary (MC). Through content analysis, we examine a sample of 111 reports from around the world (following different local and/or international regulations). The paper explores how organizations in practice use KPIs for external purposes, first investigating to what extent KPIs provide the information required by the MC frameworks, and, secondly, whether such KPIs have the suggested characteristics. Results show that although KPIs seem to potentially play a valuable and recognized role in providing the information required by the different MC frameworks, a large number of companies have not provided an effective and balanced picture of the drivers and factors that will lead their future performance. This paper contributes to the scarce research on the effectiveness of different approaches to regulate MC reports, with a specific focus on KPIs. It also highlights some critical issues concerning what and how KPI information should be produced and reported. Classification-JEL: Keywords: Note: Pages:61-79 Volume: 2011/3 Supp Year: 2011 Issue:3 Supp File-URL:http://www.francoangeli.it/riviste/Scheda_Rivista.aspx?IDArticolo=43632&Tipo=Articolo PDF File-Format: text/HTML Handle: RePEc:fan:Frfrfr:v:html10.3280/FR2011-SU003004 Number: 4 Template-type: ReDIF-Article 1.0 Author-Name: Francesco Dainelli Author-Name: Francesco Giunta Title: The value relevance of non-financial performance indicators: new cues from the European fashion industry Abstract: Intangible assets and related performance measures assume increasing importance in valuation processes. Value relevance studies testify to their importance through an analysis of market stock prices. We aim to examine the value relevance of non-financial indicators in European fashion companies. The indicator selected is the "change in mono-brand stores". Applying the models proposed by current literature, we have refuted the value relevance hypothesis. However, refining both the "operationalization" of the concepts and the related result analysis procedure, the value relevance is confirmed. In this way, we contribute to increasing the generalizability of this research trend and to fuel the debate concerning the standardization process of this information. In particular, following in the footsteps of the Gartner/EBRC project, supported by AICPA (Gartner-EBRC, 2010), our results can help the national and international standard setters to pinpoint the indicators that really matter for the fashion industry and standardize their communication. Classification-JEL: Keywords: Note: Pages:81-102 Volume: 2011/3 Supp Year: 2011 Issue:3 Supp File-URL:http://www.francoangeli.it/riviste/Scheda_Rivista.aspx?IDArticolo=43633&Tipo=Articolo PDF File-Format: text/HTML Handle: RePEc:fan:Frfrfr:v:html10.3280/FR2011-SU003005 Number: 5