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Chapter 6

Chapter 6. Other Research Databases and Tools. Other Database Research Strategies: Step 1: Information Needed. Business information needs can arise for various reasons, such as Understanding the industry of a client Financial news that may affect a client

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Chapter 6

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  1. Chapter 6 Other Research Databases and Tools

  2. Other Database Research Strategies: Step 1: Information Needed • Business information needs can arise for various reasons, such as • Understanding the industry of a client • Financial news that may affect a client • Background of new corporate executives • Understanding a company’s new products and patents

  3. Other Database Research Strategies: Step 2: Determine the Sources • Commercial databases advantages • Ability to improve database features • Better search tools • Comprehensive retrieval systems • Often more user friendliness

  4. Other Database Research Strategies: Step 2: Determine the Sources (cont’d) • Industry information sources • Sometimes need gov. industry code • Government agencies • Trade associations

  5. Other Database Research Strategies: Step 3: Use Search Techniques • Find all relevant sources • If keyword search, consider • Alternative keyword terms • Segment searching • Date restrictions • Changing connector terms • Understand any search engine limits • Use reminder tools • i.e. search histories

  6. Other Database Research Strategies: Step 4: Manage the Results • Search results come in various forms • Citation, abbreviated, or full document views • Descriptive graphics or charts • Additional documents or info. may exist through tabs or listings on the side

  7. Other Database Research Strategies: Step 4: Manage the Results (cont’d) • Consider reformat the citation of sources to conform to the style needed. • APA Style uses author’s last name and first name initial (year of publication), article title, journal volume number (issue), article pages. • American Accounting Association (AAA) style slightly varies from APA.

  8. Accounting Research Tools • Checkpoint has a financial research library in some subscriptions • CCH’s Accounting Research Manager • Access to FASB’s codification, government accounting, various auditing standards, SEC authorities, and helpful secondary sources • Advertises additional SEC materials not found in the FASB’s Codification • Weekly newsletter available to subscribers

  9. AICPA Accounting Research Tools U.S. GAAP Financial Statements – Best Practices in Presentation and Disclosure IFRS Financial Statements – Best Practices in Presentation and Disclosure Audit and Accounting Manual Accounting and Tax Index

  10. Government Accounting Databases • GASB – GARS • Government Accounting Research System for state and local accounting • Summary information on GASB’s website • The Current Text provides GASB’s codification of government acc. standards • Hierarchy of authority exists

  11. Government Accounting Databases (cont’d) • FASAB – Handbook of authorities • Accounting for the Federal government • No hierarchy of authorities exists

  12. Financial Research Databases • Provide financial statements of companies • Examples of investigations: • Unfunded pension liabilities • Dual date audit reports • Size ranking of a company • Pending government investigations • Info. valuable for partner negotiations • Ratio analysis for credit ratings

  13. S&P NetAdvantage Separate news on the market, bonds, the economy, and industries Quick links to industry surveys, investment publications, investment advisory reports Includes both private & public companies Powerful search functions exist Able to make various database reports Bond info available in spreadsheet formatincluding its type, rating, & callability

  14. Mergent Online Public company info. is brief Access to company financials, history, joint ventures, property locations Daily stock prices Financial ratio analysis Industry comparisons Foreign companies provided

  15. Thomson Research • Analyst reports are historical strength • Provide more comprehensive view of a company • Analyzes implications of new developments • Historical corporate data (from 1962) • Content profile includes financial data, SEC filings, auditor’s report, accounting practices, and financial ratios

  16. Thomson Research (cont’d) • Nonfinancial information includes • Overview of markets and technology • Companies’ joint ventures • Product announcements

  17. Other Financial Databases Business Insights: Essentials – Thomson Financial content Hoover’s OnDemand– comprehensive company, industry, and market intelligence

  18. Other Financial Databases (cont’d) • Morningstar Investment Research Centerparticularly valuable for mutual funds • Factiva – joint venture between Dow Jones and Reuters – 25 years of pricing on stocks, bonds, mutual funds, and global market indices. • OSIRIS – database of listed companies, banks and insurance companies

  19. Financial Research Challenges Physically visiting the library for sources Hedge funds and private equity info. Mergers & acquisition info Academic accounting research Professional accounting concerns Specialized research, such as UCC filings

  20. Article Index Databases Provides relevant, non-authoritative analysis on various topics Search for leading periodicals, such as Wall Street Journal, or academic journals

  21. Article Index Databases (cont’d) • Article Index databases include • Business Source Premier, part of EBESCO Host • ABI Inform Global • Specialized databases • Broader databases, such as Factiva & LexisNexis

  22. International Business Sources GlobalEDGE Resource Desk – web directory of international topics International organizations such as World Bank and OECD (Organization for Economic Cooperation & Development Government agencies such as International Trade Administration Foreign Databases

  23. Statistical Sources • USA Trade Online – current and historical data on business, international trade, … by the U.S. Dep’t of Commerce. • Various notable hardbound sources • S&P’s statistical service • Statistical Abstract of the U.S.

  24. LexisNexis • Use to find authoritative legal sources, news, business information, public records • Potential searches: • Earnings reports • Which companies have reorganized • A company’s subsidiaries, divisions, branches. • Includes securities and tax laws, newspapers, magazines, wire services, accounting journals, law reviews

  25. LexisNexis Academic • A subset of the information on LexisNexis • Five areas: general, business, legal research, news, and people • Company dossier are particularly helpful • Some search engine limitations exist • Go to the area of interest before searching • Accounting information is weak, instead use an accounting database, such as CCH’s Accounting Research Manager

  26. Other Legal Databases • Westlaw, Westlaw Business … • Alternative to Lexis especially for legal materials • Search tools facilitate keyword searches • Research tools especially noteworthy for court cases, such as headnotes • Hein Online provides full-text access to law reviews • Wilson Web is an article index database for business and legal sources

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