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. Provide a 600 to 800-word summary (formatted according to APA guidelines) of the new research in this area from a minimum of five new peer reviewed journal articles and identify questions that need exploring in future research. Your discussion should be organized in a three-paragraph format: Introductory Paragraph: gives an overview and definition of the topic you chose. At the end of the paragraph it gives an idea of how your forum is organized. Current Trends Paragraph: In this paragraph, you will discuss the themes that you found in the research from the 5 articles related to your topic. This paragraph should be a synthesis of the research and not just a listing of annotated summaries. Future Research Paragraph: In this paragraph, you will discuss areas of future research by referencing the 5 articles that you identified. The future research areas should be based on the findings of the authors of those articles rather than general ideas you may have.