Journal of Applied Research in Accounting and Finance, Vol. 4, No. 2, December 2009
7 Pages Posted: 15 Feb 2010 Last revised: 18 Aug 2014
Date Written: February 14, 2010
It has been said that the researcher’s task is never done. As more progress is made, the horizon of knowledge recedes further into the distance. We are thus committed to the view that research into the increasingly inter-connected domains of accounting and finance, which has the capacity to inform and shape policy and practice, remains crucially valuable.
Indeed, as the financial landscape becomes more complex, we are confident that work which cuts through to the core of an issue, pinpoints areas of challenge and illuminates a pathway towards response will become even more precious. The core mission of JARAF is to facilitate dissemination of work which satisfies these objectives.
At the time of writing, JARAF is distributed on an open source basis to a readership in excess of 7000 globally, with interest rising rapidly. It has been particularly pleasing to note the substantial growth in the journal’s reach in the United States over the past 12 months.
The diverse profile of contributing authors demonstrates that the types of problems and phenomena amenable to analysis in JARAF are truly international in their character and unlikely to be resolved through the perspectives brought forward in just one jurisdiction.
With that in mind, it is with pleasure that we foreshadow the three excellent contributions contained in Volume 4(2) of the journal. The first, by Gregoriou et al covers the highly topical area of hedge fund survival. In the wash up of the global financial crisis, this issue has loomed especially large, and has substantial implications not only for innovation in financial services, but also for product choice on the part of investors.
Michael Lim's contribution on debt, the financial crisis and the financial sector is also timely and highly insightful. At a moment in history when deeply troubling questions are being raised about the impact and sustainability of public and private sector debt burdens, and with some analysts suggesting that a number of advanced western economies show the hallmark characteristics of insolvency, this is an important contribution indeed.
We also include an excellent contribution by Charles Mulford and Andrew Parkhurst which investigates the likely impact of changed accounting rules in relation to deferred acquisition costs in the insurance industry. This paper provides valuable insights into what the impact of presently proposed changes to US rules on deferred acquisition costs may be, and as such, makes a highly valuable contributions to those seeking to understand the shape and form of a future financial reporting landscape, and the implications of a move to that new reality.
In an era when contributors beyond the world of academia are rarely published in scholarly journals, we conclude this editorial by noting that of the six authors represented in this volume, three are drawn from academia and three from the world of practice. This powerfully symbolises the extraordinary and synergistic benefits which can result when the two domains meet and collaborate - and our commitment to promote and publish high quality applied research with the capacity to inform and impact on the practice of accounting and finance.
Keywords: Financial Reporting
JEL Classification: M40, M41
Suggested Citation: Suggested Citation