Accounting Annotated Bibliography

Accounting Annotated Bibliography

Alsalmi, N., Ullah, S., & Rafique, M. (2023). Accounting for digital currencies. Research in International Business and Finance, 64, 101897. https://doi.org/10.1016/j.ribaf.2023.101897

The source is a conceptual study that discusses the need for more attention to how digital currencies are treated in accounting. It draws attention to the growing interest in digital currencies that authorities, financial institutions, investors, and researchers have shown. The essay focuses on the fact that digital currency is an electronic medium of trade devoid of a material or physical foundation. Even though digital currency transactions are becoming increasingly common, the International Accounting Standards Board (IASB) still needs to provide definitive guidance on addressing them in accounting.

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The source is helpful in debates on approaching digital currency in accounting. It tackles a timely issue and offers information on the difficulties authorities and businesses have in keeping track of digital currency. The development of “triple-entry accounting” enriches one’s knowledge of possible accounting practice improvements.

The source differs from others because of its thorough analysis of the accounting treatment, possible hazards, and the implementation of blockchain technology in accounting systems. While some of these topics may be covered in the other sources, this source integrates them effectively, making it a useful resource for readers looking to gain a comprehensive grasp of the topic. Moreover, this source can considerably influence the debate on accounting by demonstrating the necessity for precise guidelines on the accounting treatment of digital currencies. It lends credence to the idea that firms and authorities need more standardized accounting procedures for digital currency.

Barth, M. E., Li, K., & McClure, C. G. (2023). Evolution in value relevance of accounting information. The Accounting Review, 98(1), 1–28. https://doi.org/10.2308/tar-2019-0521

The source is a research project examining how accounting data’s value and applicability have changed as the new economy has grown. Previous studies have revealed that standard accounting data has become less relevant over time, especially regarding earnings. On the other hand, the authors of this study use a distinctive strategy by considering a wider range of accounting items and examining data from 1962 to 2018. They study the evolution of value relevance for certain accounting items and look at whether the total value relevance of accounting information has decreased. The study also focuses on how the new economy has affected these patterns.

The study holds up well when compared to other relevant sources. Li (2010) concentrated on a large-sample textual study of company disclosures from 1952 to 2011. In contrast, Bochkay et al. did not place any limitations on the period or the sources examined. They talk about the most current uses of text mining in accounting while considering recent advancements in the industry. Similar to how Bochkay et al. provide a wider study of various text mining applications in accounting practice while focusing on distinct streams of text mining in finance, they offer a more thorough perspective. Finally, the research is more current, considering text mining’s most recent uses and developments.

The source is useful in forming the accounting argument because it emphasizes the importance of text mining in the present accounting environment. It highlights the potential advantages of text-mining methods to supplement and validate quantitative data in accounting research. The paper invites academics and practitioners to use these techniques to get deeper insights into qualitative data by critically evaluating various text-mining applications in accounting practice. This material will help me demonstrate the value of using text-mining methods in accounting research in my paper. Using textual sentiment analysis, one can utilize examples from the study’s numerous applications to demonstrate how text mining may be used to forecast business performance, trading volumes, and other factors.

Bochkay, K., Brown, S. V., Leone, A. J., & Tucker, J. W. (2022). Textual analysis in accounting: What’s next?*. Contemporary Accounting Research, 40(2), 765–805. https://doi.org/10.1111/1911-3846.12825

The authors selected 207 articles that employed textual analysis after reviewing research published in prestigious accounting journals between 2010 and 2021. Over time, they saw a substantial increase in textual analysis papers, which suggests that accounting research is becoming more and more interested in this technique. Textual analysis is used in accounting research for various reasons, including creating variables directly from documents for hypothesis testing, extracting specific textual data for later analysis, creating text-based control variables, creating text-based predictors, and using text-based measures for other reasons. The material helps us understand how textual analysis is becoming more popular in accounting studies. It thoroughly introduces textual analysis’s uses and how it’s applied to diverse study strategies.

Compared to the other sources, it complements Bochkay, Brown, Leone, and Tucker’s (2023) research, which examines the uses of text-mining methods in accounting practice. While Bochkay et al. concentrate on text mining techniques and their potential for evaluating textual data, Barth et al. dive into textual analysis in accounting research and its varied functions in study designs. However, they take distinct approaches to the subject; both books aid in comprehending the expanding significance of textual data in accounting.

The evidence from the sources demonstrates the importance of textual analysis in accounting. It shows how automated information extraction and assessment using textual analysis, supported by natural language processing (NLP) techniques, has become a common practice in accounting research. This source is useful when showing the importance of using textual analysis techniques in current accounting studies.

Senave, E., Jans, M. J., & Srivastava, R. P. (2023). The application of text mining in accounting. International Journal of Accounting Information Systems, 50, 100624. https://doi.org/10.1016/j.accinf.2023.100624

In particular, the research notes improvements in value relevance for items connected to intangible assets, growth prospects, and alternative performance indicators. It also evaluates the history of value relevance for specific accounting items. These particular components are crucial in the new economy, demonstrating how accounting information’s applicability has changed in response to the shifting business environment. The research also investigates changes in value relevance for various business models, including new economy, old economy profit, and old economy loss enterprises. Although the observed patterns go beyond new economy organizations, they are more prominent for them, indicating that the change in value relevance is not restricted to certain business models.

The source is helpful in accounting since it refutes the notion that accounting information, particularly earnings, is no longer relevant. The study offers a more precise and nuanced view of the value relevance of accounting information by considering a larger variety of accounting items and conducting a thorough examination over a lengthy period. In the new economy, it clarifies the significance of accounting items relating to intangible assets, growth prospects, and alternative performance indicators. The source compares to sources like textual analysis in accounting by Bochkay et al. (2022) in that they both focus on applying textual analysis in accounting. Both sources are likely to help form accounting arguments and discussions, especially when focused on the function of text mining or textual analysis in the discipline. Both sources provide up-to-date information on text mining in accounting because the first was released in 2023 and the second in 2022. Citing current sources shows that an analysis or a research study is based on the most recent advancements in the subject, increasing the credibility of the study’s claims.

 References

Alsalmi, N., Ullah, S., & Rafique, M. (2023). Accounting for digital currencies. Research in International Business and Finance, 64, 101897. https://doi.org/10.1016/j.ribaf.2023.101897

Barth, M. E., Li, K., & McClure, C. G. (2023). Evolution in value relevance of accounting information. The Accounting Review, 98(1), 1–28. https://doi.org/10.2308/tar-2019-0521

Bochkay, K., Brown, S. V., Leone, A. J., & Tucker, J. W. (2022). Textual analysis in accounting: What’s next?*. Contemporary Accounting Research, 40(2), 765–805. https://doi.org/10.1111/1911-3846.12825

Senave, E., Jans, M. J., & Srivastava, R. P. (2023). The application of text mining in accounting. International Journal of Accounting Information Systems, 50, 100624. https://doi.org/10.1016/

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Annotated Bibliography Assignment Instructions
Overview
In preparation for writing each of your Discussions, you should submit your Annotated Bibliography Assignment on the topic that is being covered for the week (Marketing, Accounting, Finance, Management, Economic Data Analysis, International Business).

Accounting Annotated Bibliography

Instructions
An annotated bibliography is a list of sources (books, journals, Web sites, periodicals, etc.) one has used for researching a topic (Annotated Bibliographies, 2020).
For all sources used in your Discussion, you should:
• Provide an APA formatted Citation (this should look like what you would include in a normal reference section.
• Summarize the source and discuss the research study that was conducted and what the findings were.
• Assess the source and discuss how useful it is and how it compares with other sources in your paper.
• Reflect on how the source will be useful to you in your discussion. How does it help to shape your argument and how are you using it to shape your writing?
Each annotation should look like this:

Author (year). Title of article. Title of Journal, Vol no(issue). Pg to pg.

In your summary, you will begin with a discussion of the research question the study is attempting to answer. You will summarize the research that was conducted and the specific findings that were uncovered. You will then provide a summary of what this means for the topic.
Next, you will discuss how the source compares with other sources in your paper and how useful is the source in attributing to your writing.
Finally, you will discuss how the source is useful in your discussion. You will need to be specific on why it is important to use and exactly how you will use it in your writing to shape your arguments.
*Do not use “I” in any of the annotations.
Note: Your assignment will be checked for originality via the Turnitin plagiarism tool.