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Worth A Thousand Words

Hindsight Bias and Judgments by Tax Professionals PDF Author: Richard Trygve Helleloid
Publisher:
ISBN:
Category : Tax consultants
Languages : en
Pages : 420

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Hindsight Bias and Judgments by Tax Professionals

Hindsight Bias and Judgments by Tax Professionals PDF Author: Richard Trygve Helleloid
Publisher:
ISBN:
Category : Tax consultants
Languages : en
Pages : 420

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Book Description


Behavioural Aspects that Influence Business Decision-making by Management Accounting Professionals

Behavioural Aspects that Influence Business Decision-making by Management Accounting Professionals PDF Author: Zacharias Enslin
Publisher:
ISBN:
Category :
Languages : en
Pages :

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Book Description
In their traditional role as 'bean-counters℗þ, 'scorekeepers℗þ and 'controllers℗þ, management accountants were frequently excluded from operational decision-making. Criticism by operational managers about management accountants℗þ decisions-making behaviour included that management accountants preferred evidence-based decisions, as opposed to the intuitive decisions that were regularly required in the business management environment. However, the role of management accounting professionals are changing to that of business partner. The first aspect which the study investigated was whether management accounting professionals experienced an increase in their involvement in business-related decision-making, as suggested by their emerging business partner role. Psychology-related behavioural aspects, which may result in biased decision-making, play a definite role in decision-making behaviour where the use of intuition is required. A review of literature indicated that management accounting professionals were less comfortable with making intuitive decisions. Therefore, they could be particularly susceptible to decision biases related to the influence of behavioural aspects. Accordingly, the second aspect which the study investigated was the susceptibility of management accountants to the main behavioural decision biases related to the use of decision heuristics and the effects of frame dependence. A survey design was employed to investigate decision-making involvement and susceptibility to behavioural biases by means of an electronic questionnaire. Responses were received from an international sample of management accounting professionals, including members of the Institute of Management Accountants (USA) and the Chartered Institute of Management Accountants (UK). The responses were analysed quantitatively, using both univariate and multivariate statistics. The study extends the current body of knowledge by being the first to comprehensively investigate the presence of behavioural biases in the decision-making behaviour of management accounting professionals as a group of decision-makers, which is especially relevant due to their changing decision-making role in organisations. Additionally, contrary to many previous studies in the behavioural decision-making field, the study focused on an international, widely dispersed, sample of professionally employed decision-makers. The study also contributes to the debate on the conflict in findings regarding the prevalence of the changing role of the management accountant. The important findings of the study were as follows: AÌ2℗ʺ Management accounting professionals were involved in making business-related decisions. However, this involvement varied depending on the position in which a management accounting professional was employed, and the size of the company in which the professional was employed. The findings regarding the decision-making involvement of management accounting professionals also indicated that the promulgated business partner role was not as pervasive as suggested by most of the literature. AÌ2℗ʺ Management accounting professionals experienced an increase in business decision-making involvement. This experience was not as widespread as the literature on the business partner role suggests, and was more pronounced for professionals between 30 and 49 years of age, and those more amenable to using their judgement when making decisions. AÌ2℗ʺ Management accounting professionals were susceptible to frame dependence bias. The susceptibility of management accounting professionals to the biases of concurrent decisions framing, the certainty effect and the pseudo-certainty effect was similar to that of other populations. However, these professionals exhibited a lower susceptibility to loss aversion bias. Their susceptibility to mental accounting bias requires further investigation. AÌ2℗ʺ Management accounting professionals were also susceptible to heuristic-based bias. Their susceptibility was similar to that of other populations for the representativeness-related confirmation bias, as well as for the adjustment and anchoring heuristic-related bias. Management accounting professionals exhibited lower susceptibility than other populations to the biases of misconceptions of chance, misconceptions of regression to the mean, general overconfidence, and affect. However, they were more susceptible to overconfidence in performing difficult tasks than other populations. The findings could be of value to the management accounting profession in indicating that educational requirements existed for both the traditional and emerging roles of the management accountant. The study also initiated the research into the susceptibility of management accounting professionals to behavioural biases and paved the way for research and other actions aimed to debias the decision-making behaviour of these professionals.

Journal of Accounting and Public Policy

Journal of Accounting and Public Policy PDF Author:
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ISBN:
Category :
Languages : en
Pages :

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The Routledge Companion to Behavioural Accounting Research

The Routledge Companion to Behavioural Accounting Research PDF Author: Theresa Libby
Publisher: Routledge
ISBN: 1317488008
Category : Business & Economics
Languages : en
Pages : 520

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Book Description
Behavioural research is well established in the social sciences, and has flourished in the field of accounting in recent decades. This far-reaching and reliable collection provides a definitive resource on current knowledge in this new approach, as well as providing a guide to the development and implementation of a Behavioural Accounting Research project. The Routledge Companion to Behavioural Accounting Research covers a full range of theoretical, methodological and statistical approaches relied upon by behavioural accounting researchers, giving the reader a good grounding in both theoretical perspectives and practical applications. The perspectives cover a range of countries and contexts, bringing in seminal chapters by an international selection of behavioural accounting scholars, including Robert Libby and William R. Kinney, Jr. This book is a vital introduction for Ph.D. students as well as a valuable resource for established behavioural accounting researchers.

Organizational Behavior and Human Decision Processes

Organizational Behavior and Human Decision Processes PDF Author:
Publisher:
ISBN:
Category : Decision making
Languages : en
Pages :

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Advances in Accounting Behavioral Research

Advances in Accounting Behavioral Research PDF Author: Vicky Arnold
Publisher: Emerald Group Publishing
ISBN: 0762313536
Category : Business & Economics
Languages : en
Pages : 248

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Book Description
Presents an empirical research in accounting theory. This book includes content that crosses into the fields of applied psychology, sociology, management science, and economics.

Dissertation Abstracts International

Dissertation Abstracts International PDF Author:
Publisher:
ISBN:
Category : Dissertations, Academic
Languages : en
Pages :

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Do Effects of Client Preference on Accounting Professionals' Information Search and Subsequent Judgments Persist with High Practice Risk?

Do Effects of Client Preference on Accounting Professionals' Information Search and Subsequent Judgments Persist with High Practice Risk? PDF Author: Kathryn Kadous
Publisher:
ISBN:
Category :
Languages : en
Pages : 45

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Book Description
Audit and tax professionals tend to make judgments consistent with their client's preference, even when that preference is aggressive. Client preference affects judgments directly and indirectly, via information search. In particular, professionals focus their search on information that supports the client's preferred position at the expense of considering information that does not. Biased search is associated with inflated assessments of the likelihood that a client's preferred position will be supported in court and recommendations that are inappropriately aggressive (Cloyd and Spilker 1999). In an experiment with tax professionals as participants, we examine whether high practice risk (i.e., exposure to monetary and nonmonetary costs of making inappropriate recommendations) mitigates these effects. We find that when facing a client with high (versus low) practice risk, professionals perform a more balanced search and this reduces the indirect impact of client preference on judgments. We also find that after controlling for the impact of information search, client preference has a direct, negative impact on recommendations for both high and low practice risk clients, indicating that professionals adjust their recommendations away from the client-preferred position. We interpret this as a conservative reaction to increased environmental risk for all client types. This study sheds light on the direct and indirect paths by which client preference effects occur and demonstrates that high practice risk serves as a boundary condition on confirmation bias and on client preference effects.

Advances in Accounting Behavioral Research

Advances in Accounting Behavioral Research PDF Author: Khondkar E. Karim
Publisher: Emerald Group Publishing
ISBN: 1787565459
Category : Business & Economics
Languages : en
Pages : 160

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Book Description
Focusing on research that examines individual and organizational behavior relative to accounting, this series promotes research across all areas of behavioral accounting, and encourages the development, discussion and expansion of theories from psychology, sociology and related disciplines to better understand accounting domains.

Behavioral Law and Economics

Behavioral Law and Economics PDF Author: Cass R. Sunstein
Publisher: Cambridge University Press
ISBN: 9780521667432
Category : Law
Languages : en
Pages : 431

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Book Description
Analyzes law with reference to new findings in cognitive psychology and behavioral economics.