Newswise — Is there a reward for firms offering the utmost transparency in reporting their revenue growth? How do forecasts of quarterly earnings impact share values in corporate acquisitions? Research evaluating these and other questions will be presented today at the University of Virginia Darden School of Business where more than 35 accounting faculty from seven Virginia universities have gathered for the Virginia Accounting Research Conference. The event is the first of its kind in the state. The conference is presented in partnership with U.Va.’s McIntire School of Commerce and the Pamplin School of Business at Virginia Polytechnic Institute and State University. Attendees include faculty and Ph.D. students in the accounting areas of:

• George Mason University• James Madison University• University of Richmond• University of Virginia• Virginia Polytechnic Institute and State University• Washington & Lee University• The College of William and Mary

Conference presentations include:

• “Non-Conservative Accounting and the Adaptation Option: Determinants and Implications of Firms that Continue with a Book-to-Market Ratio Above One,” presented by Mitch Oler of Virginia Tech.• “Changes in the Funded Status of Retirement Plans after the Adoption of SFAS No. 158: Economic Improvement or Balance Sheet Management?” This will be presented by Denise Jones of William and Mary.• “Stock Market Efficiency with Respect to a New Measure of Earnings News,” presented by Phil Shane of Financial Accounting Standards Board.• “The Effect of Earnings Guidance on Share Values in Corporate Acquisitions,” presented by Adam Koch of McIntire School of Commerce.• “Voluntary Disclosure of the Components of Revenue Growth,” presented by Paul Simko of Darden School of Business.• “Relevant but Delayed Information in Negotiated Audit Fees,” presented by Mikhail Pevzner of George Mason University.

Many have contributed to the momentum behind this new event. Faculty at Virginia Tech and in U.Va.’s McIntire School of Commerce played key roles in securing funding. The event is also sponsored by the Central Virginia accounting firm Hantzmon and Weibel. Organizers intend to grow this conference into an annual event, and they hope to include additional schools in Virginia and beyond.

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