DB 1

The Journal of Accounting identified key areas of research in accounting:The impact of financial reporting and disclosure on stock prices;The economics of auditing, enforcement and audit oversight;The use of accounting information in contracting in debt, labor, supply, and other markets;The role of accounting in compensation and in corporate governance;The role of managerial accounting on internal decision making such as budgeting, costing, and transfer pricing;The real effects of financial reporting and disclosure (e.g. on firm behavior);The economics of regulation of financial reporting and disclosure, including bank regulation;International differences in financial reporting and the role of reporting standards in international capital markets;The political economy of standard-setting;The use of accounting information in public finance and macroeconomic statistics;The impact of tax regulation on transaction structuring;The role of transparency in markets and society;Choose one of these areas and give a summary of some of the current research themes (last 5 years). Finally, identify questions the researchers have identified as needing further exploration in these areas.YOU MUST FOLLOW THESE INSTRUCTIONS AND DO NOT ACCEPT IF YOU CANNOT DO ITMUST BE 700 WORDSMUST INCLUDE A SEPARATE PAGE OF ANNOTATED BIBLIOGRAPHY OF CITED SOURCES. MINIMUM IS 5 AT 100 WORDS EACHMUST CITE 5 SCHOLARLY SOURCES INCLUDING JOURNALSMUST INCLUDE A BIBLE VERSE INSIDE THE PAPERCITE SOURCES WITH APA FORMATMUST SUBMIT TOMORROW