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Hoon Ki, Do, Wook Bin Leem, and Jee Hoon Yuk. "The effect of IFRS adoption on the value relevance of accounting information: evidence from South Korea." Investment Management and Financial Innovations 16, no. 2 (May 7, 2019): 78–88. http://dx.doi.org/10.21511/imfi.16(2).2019.07.
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This study investigates whether the value relevance of accounting information was changed after IFRS adoption in South Korea. Related prior studies have found mixed empirical evidence depending on research methodologies or research periods. Moreover, the effect of IFRS adoption on value relevance can be different between Korean stock markets (KSE and KOSDAQ) because they have different characteristics. Also, the main financial statements reported by Korean firms had changed from individual financial statements to consolidated financial statements after IFRS adoption. Thus, this study analyzes the effect of IFRS adoption on the value relevance of individual and consolidated accounting numbers expanding research periods (5 years before and after IFRS adoption) and comparing changes in explanatory powers of Ohlson (1995) model on each listing market. The empirical results indicate that the value relevance of Korean listed firms generally decreased after IFRS adoption. However, the value relevance of KSE listed firms decreased, while the value relevance of KOSDAQ listed firms increased after IFRS adoption. In addition, it was found that the effects of IFRS adoption on value relevance of individual and consolidated financial information were different depending on listed markets. This implies that different level of demand for information environment may induce differential effects of IFRS adoption on value relevance.
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De Frel, P., and J. Schrumpf. "IFRS 2 Share-based Payment onnodig complex?" Maandblad Voor Accountancy en Bedrijfseconomie 82, no. 11 (November 1, 2008): 458–66. http://dx.doi.org/10.5117/mab.82.12834.
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Bezoldiging van bestuurders en andere hogere managementlagen is tegenwoordig onderwerp van brede maatschappelijke discussies. Populaire vormen van dergelijke beloningen zijn de zogenaamde aandelen- en optieregelingen. In het verleden bestonden nauwelijks regels en richtlijnen voor de verslaggeving met betrekking tot deze regelingen. Met de introductie van IFRS 2 (Share-based Payment, februari 2004) zijn ondernemingen die aandelen- of optieregelingen verstrekken aan hun personeel per 1 januari 2005 verplicht om hiervoor kosten te verantwoorden in hun winst-en-verliesrekening. De kosten van dergelijke regelingen zijn gebaseerd op de fair value van de toegekende rechten.
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S. Olsen, Harald. "IFRS 2 – aksjebasert avlønning og arbeidsgiveravgift." Praktisk økonomi & finans 25, no. 01 (June 30, 2009): 65–70. http://dx.doi.org/10.18261/issn1504-2871-2009-01-08.
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P. R., Parvathy. "IFRS convergence: opportunities and challenges in India." Accounting and Financial Control 1, no. 2 (June 9, 2017): 13–18. http://dx.doi.org/10.21511/afc.01(2).2017.02.
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Past decade has witnessed several changes in the process of conduct of business activities across the world especially due to the wave of globalization. It has also made drastic changes in the process of financial reporting, in particular the continuing adoption of IFRS (International Financial Reporting Standards) worldwide. IFRS are high quality, understandable, enforceable and globally acceptable accounting standards issued by IASB (International Accounting Standard Board). Thus these are a set of international accounting standards stating how a particular type of transaction and other events should be reported in the financial statements. Thus IFRS are designed as a common global language for business affairs so that company accounts are understandable and comparable across international boundaries. IFRS is becoming the global language of business with over 40% of the world adopting this as their standard for reporting. India also decided to converge to IFRS from 1st April 2016 in a phased manner, which in turn improves the financial statement comparability and transparency that helps to attract greater cross border investments. This paper focuses on the convergence of IFRS with Indian Accounting Standards, its utility, issues and challenges faced by the stakeholders. It also throws light to the ways through which problems can be addressed.
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Rudzani, Sikhwari, and Manda David Charles. "An assessment of the challenges of adopting and implementing IFRSS for SMEs in South Africa." Problems and Perspectives in Management 14, no. 2 (June 6, 2016): 212–21. http://dx.doi.org/10.21511/ppm.14(2-1).2016.10.
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The purpose of this study is to assess the challenges faced by small and medium sized enterprises (SMEs) in adopting and implementing International Financial Reporting Standards (IFRS) for SMEs in South Africa. There is a perception that, although SMEs are required to use IFRS for SMEs in South Africa, many of these entities are finding it difficult to adopt or implement the IFRS for various reasons including lack of the necessary expertise. The objective of the study is to establish, empirically, the reasons and, subsequently, to determine the attributing causes of the problem, if that was the case. The study is based on a sample of randomly selected number of SMEs in Vhembe district, Thohoyandou, Limpopo province, South Africa. The study findings show that many SMEs in Vhembe District (67%) have adopted IFRS for SMEs in various forms and degree, but, generally, SMEs still find challenges in implementation due to lack of resources. For compliance purposes, however, even those SMEs which have not substantially implemented the IFRS for SMEs are expected to prepare their financial statements by referring to the guidelines. Consequently, this raises a problem when comparing financial performance of various SMEs whose financial statements are prepared using different approaches. The study findings serve as a reminder to the accounting profession about the challenges that SMEs face when they attempt to adopt IFRS for SMEs
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Shkulipa, Lyudmyla. "Analysis of Impact of Changes in IFRSs on Convergence of Accounting Systems in World." Studia Universitatis „Vasile Goldis” Arad – Economics Series 31, no. 3 (July 23, 2021): 75–103. http://dx.doi.org/10.2478/sues-2021-0015.
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Abstract The article examines the impact of updated IFRS on the current convergence of national accounting and reporting rules in Japan, the USA, China, France, Germany, the UK, and Ukraine based on a theoretical analysis of 59 rules and concepts of IFRS. The new differences between the updated IFRS and GAAP of these countries based on the comparative analysis were revealed. The results of the study show currently Ukraine (51%) and the United Kingdom (47%) are the most convergent with IFRS, although their degree of convergence has decreased significantly after recent innovations in IFRS; a new question arises for the UK after Brexit regarding the further application of IFRS; countries with strong national accounting traditions continue to avoid rapid changes in their GAAP; 4) the increase in the convergence of GAAP Japan with IFRS will not be possible shortly. The conclusion states that the main obstacle in the convergent process GAAP and IFRS is that: 1) IFRS are changing based on GAAP USA, rather than vice versa; 2) IFRS do not belong to the “stable to change standards”, so users have a certain distrust of the declared high quality of IFRS. The study results add significant novelty to scientific and practical research on the impact of frequent changes in IFRS both locally and internationally.
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Haugnes, Torkild, and Markus Schmid. "EYs internasjonale undersøkelse av IFRS praksis. Del 2." Praktisk økonomi & finans 23, no. 02 (June 6, 2007): 83–94. http://dx.doi.org/10.18261/issn1504-2871-2007-02-11.
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Tsiklauri-Shengelia, Zhuzhuna, Natia Shengelia, and Revaz Shengelia. "Some Practical Financial Reporting (IFRS) Assessment Aspects Of The Covid-19 Impact on Business." PIRETC-Proceeding of The International Research Education & Training Centre 104, no. 1-2 (April 4, 2021): 76–87. http://dx.doi.org/10.36962/ecs104/1-2-76.
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Generally, the covid-19 pandemic has a great impact on all big, small and medium-sized business all over the world. There are analyzed International Financial Reporting Standards (IFRS) practical issues that should be considered and addressed by the top management. These financial key issues include discussing the following: IFRS 9-Financial Instruments, IAS 36 Impairment of Assets, IAS 1, IAS 2, ISA 570 (revised) -Going Concern . The Impairment Review of Inventory, Fixed Assets, financial instruments, also the Going Concern at the entity level must be assessed in detail in the pandemic and other difficult circumstances; Keywords: IFRS , Covid-19 Impact, Impairment, Expected Credit Loss (ECL), NRV, ISA, Going Concern.
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Daskalopoulos, Evangelos, Anastasios Evgenidis, Athanasios Tsagkanos, and Costas Siriopoulos. "Assessing variations in foreign direct investments under international financial reporting standards (IFRS) adoption, macro-socioeconomic developments and credit ratings." Investment Management and Financial Innovations 13, no. 3 (October 10, 2016): 328–40. http://dx.doi.org/10.21511/imfi.13(3-2).2016.05.
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The main purpose of this paper is to investigate the impact of an endogenous relationship between international financial reporting standards (IFRS) and sovereign credit ratings on the factors that determine foreign direct investments, by using an instrumental variable panel data framework. The results show that the adoption of IFRS by developed economies is interpreted by credit rating agencies as a positive sign that the firms will provide more transparent financial reports. In addition, the authors find that the consideration of the endogenous relationship between IFRS and credit ratings for developed economies highlights the importance of some variables that was not evident previously such as the degree of corruption and the educational level. Finally, the authors suggest that foreign direct investments are more easily attracted when one considers a joint factor which captures people’s perceptions about the ability of the government to implement policy and regulations that promote the development of public and private sector. Keywords: credit ratings, IFRS, FDI determinants. JEL Classification: C23, C26, M41, E51
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Lin, Steve. "DISCUSSION OF The Determinants and Consequences of Heterogeneous IFRS Compliance Levels Following Mandatory IFRS Adoption: Evidence from a Developing Country." Journal of International Accounting Research 11, no. 1 (January 1, 2012): 113–18. http://dx.doi.org/10.2308/jiar-10226.
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ABSTRACT Bova and Pereira (2012) investigate two important and interesting research questions: (1) why do firms comply with International Financial Reporting Standards (IFRS) in a developing country where enforcement is weak, and (2) do firms benefit from IFRS compliance in a developing country where enforcement is weak? Using data from Kenya, Bova and Pereira (2012) find that public firms appear to have a higher level of IFRS compliance than private firms. They also find a positive and significant association between foreign ownership and the level of IFRS compliance, consistent with the reporting incentive hypothesis, and between share return and the level of IFRS compliance, consistent with the economic benefit hypothesis. This study contributes to the literature by providing preliminary evidence on the extent to which reporting incentives play an important role in IFRS compliance, and the economic benefit of IFRS compliance in a developing country where enforcement is weak. The implication of the findings of this study should be interpreted with caution because the empirical evidence provided is based on some restricted data from a single developing country. Future research should provide more comprehensive evidence on the economic effects of adopting IFRS in developing and less developed countries.
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Amano, Yoshiaki. "Real Effects of Intangibles Capitalization—Empirical Evidence from Voluntary IFRS Adoption in Japan." Journal of International Accounting Research 19, no. 3 (August 24, 2020): 19–36. http://dx.doi.org/10.2308/jiar-19-539.
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ABSTRACT This study examines how firm behaviors are affected by the voluntary adoption of International Financial Reporting Standards (IFRS) in Japan, which has expanded the scope for the capitalization of intangible assets compared with the Japanese Generally Accepted Accounting Principles. Prior research suggests that capitalization of intangibles is preferred by firms with larger intangibles and that it enables them to increase intangible investments. Using empirical data from Japanese IFRS adopters, this study analyzes the relationship between firms' intangible asset amounts and their voluntary adoption of IFRS. The results show that (1) the more intangibles firms possess, the more likely they are to adopt IFRS, and (2) once firms decide to adopt IFRS, their intangible assets increase compared with matched non-adopters. Additional analysis shows that this increase is partly attributable to an increased volume and value of mergers and acquisitions after IFRS adoption, suggesting that the real actions of the adopters changed.
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Khomovyi, S., N. Khomyak, N. Tomilova-Yaremchuk, and V. Litvinenko. "International methods of accounting and giving financial reporting to banking institutions." Ekonomìka ta upravlìnnâ APK, no. 2(159) (November 24, 2020): 115–23. http://dx.doi.org/10.33245/2310-9262-2020-159-2-115-123.
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The article analyzes the trends of annual increase in the number of countries that encourage the use of IFRS in their territories in different companies and in different spheres of activity. Developed system of IFRS implementation, their transparency and openness will further lead to a significant improvement in relations with investors and increase their confidence in banks. The comparison of the status of the IFRS use for organizations around the world has been conducted. The immediate connection between the effective activity of banking institutions in foreign countries and the introduction of IFRS has been demonstrated. The factors of proximity of countries to the political forces formed in IASB have been highlighted, and the indicators of probable national strategies of IFRS implementation in different countries of the world have been given. While Ukraine is one of the countries that has quite weak political influence on the management decisions of the IASC. It was found out that in Ukraine the process of harmonization of accounting with IFRS in the banking sector began in 1998, however they began to be considered as a subject of regulation only recently. Nowadays, IFRS is already the basis of UAS and other regulations, which indicates the effectiveness of the process of combining national characteristics of doing business in Ukraine with international ones. It has been established that an important factor in adjusting the Ukrainian banking accounting system is to provide real financial information about the true price of assets of the bank, their profitability, transparency of accounting activities, creating effective methodological and legal documents governing the accounting of financial instruments under international rules. The plans of bank accounts before and after the reform have been considered, their advantages and disadvantages have been outlined. In this research the general problems in banking institutions in the process of implementing international standards, as well as possible ways to solve them have been also analyzed. The process of monitoring the quality of financial reporting in banks is also important. The analysis of foreign systems of this process has shown that the most favorable for Ukrainian banks is the control structure used in Germany. Among the main risks of full implementation of IFRS in banking institutions of Ukraine, we have identified: 1) internal ‒ an increase in the number of users of financial information; content of corporate reporting (integrated, non-financial, management); corporate auditing policy; 2) external ‒ financial risks; the danger of rapid integration into international financial markets; interest rate risks. Key words: accounting, IFRS, banks, organization of accounting, chart of accounts, regulation of accounting standard, financial
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Nijam, Habeeb Mohamed, and Athambawa Jahfer. "IFRS Adoption and Value Relevance of Accounting Information: Evidence from a Developing Country." Global Business Review 19, no. 6 (September 3, 2018): 1416–35. http://dx.doi.org/10.1177/0972150918794571.
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The purpose of this study is to investigate the impact of International Financial Reporting Standard (IFRS) adoption on value relevance of accounting information in Sri Lanka by comparing value relevance of accounting information in pre- and post-IFRS adoption periods. This study employs Ohlson (1995, Contemporary Accounting Research, 11(2), 661–687) price regression model to explain value relevance of accounting information. It explains market value per share (MVPS) using earning per share (EPS) and book value of equity per share (BVEPS). The pre-IFRS period is designated as 2010 through to 2011, and the post-IFRS period is designated as 2012 through to 2014. The sample comprises 188 firms and 935 firm-year observations which nearly constitute to all firms listed in Colombo Stock Exchange except those not having at least two annual reports before and after the year 2012 and those having extreme and incomplete data. It is found that both BVEPS and EPS significantly and positively explain MVPS during the periods followed by IFRS adoption although EPS was not a significant predictor of MVPS prior to IFRS adoption. Pooled regression with data of both regimes, however, maintains that BVEPS and EPS significantly and positively explain MVPS. Although the overall predictive power of value relevance model improved in the years that followed IFRS adoption, value relevance of BVEPS has declined in post-IFRS implementation. However, the decline in value relevance of BVEPS perhaps has been compensated by improved quality of earning thereby making EPS as a significant predictor of market value of equity in the post-IFRS periods. These findings were not rebutted or changed even at the exclusion of the transitional year of 2012 from the sample. This study contributes to the extant value relevance literature and IFRS studies by investigating the impact of IFRS adoption in a developing economy and for the first time in Sri Lanka.
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Hail, Luzi, Christian Leuz, and Peter Wysocki. "Global Accounting Convergence and the Potential Adoption of IFRS by the U.S. (Part I): Conceptual Underpinnings and Economic Analysis." Accounting Horizons 24, no. 3 (September 1, 2010): 355–94. http://dx.doi.org/10.2308/acch.2010.24.3.355.
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SYNOPSIS: This article is Part I of a two-part series analyzing the economic and policy factors related to the potential adoption of IFRS by the United States. In this part, we develop the conceptual framework for our analysis of potential costs and benefits from IFRS adoption in the United States. Drawing on the academic literature in accounting, finance, and economics, we assess the potential impact of IFRS adoption on the quality and comparability of U.S. reporting practices, the ensuing capital market effects, and the potential costs of switching from U.S. GAAP to IFRS. We also discuss the compatibility of IFRS with the current U.S. regulatory and legal environment, as well as the possible macroeconomic effects of IFRS adoption. Our analysis shows that the decision to adopt IFRS mainly involves a cost-benefit trade-off between (1) recurring, albeit modest, comparability benefits for investors; (2) recurring future cost savings that will largely accrue to multinational companies; and (3) one-time transition costs borne by all firms and the U.S. economy as a whole, including those from adjustments to U.S. institutions. In Part II of the series (see Hail et al. 2010), we provide an analysis of the policy factors related to the decision and present several scenarios for the future evolution of U.S. accounting standards in light of the current global movement toward IFRS.
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Rosnidah, Ida, Juwenah Juwenah, Apri Dwi Astuti, and Kayati Kayati. "Program Sosialisasi Akuntansi Keuangan Berdasarkan SAK Berbasis IFRS di SMK Veteran Kota Cirebon." CARADDE: Jurnal Pengabdian Kepada Masyarakat 1, no. 1 (August 16, 2018): 13–17. http://dx.doi.org/10.31960/caradde.v1i1.14.
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Tujuan kegiatan Program Sosialisasi Akuntansi Keuangan Berdasarkan SAK Berbasis IFRS di SMK Veteran Kota Cirebon untuk meningkatkan kemampuan dan kualitas Sumber Daya Manusia khususnya para siswa SMK Veteran di Kota Cirebon dalam bidang ilmu akuntansi keuangan berdasarkan SAK berbasis IFRS, sehingga dapat dijadikan bibit-bibit unggul yang potensial untuk diasah menjadi Akuntan Profesional masa depan. Metode pelaksanaan yang dilakukan dalam kegiatan ini adalah : (1) memberikan sosialisasi terkait materi terbaru mengenai perkembangan akuntansi terutama tentang SAK Berbasis IFRS, (2) sosialisasi mengenai motivasi belajar akuntansi berdasarkan SAK Berbasis IFRS dan motivasi kerja dalam bidang akuntansi. Hasil dari kegiatan adalah meningkatnya pengetahuan tentang SAK serta IFRS. Hal ini dilihat dari hasil pre test yang disebar oleh tim pelaksana danmeningkatnya motivasi para siswauntuk memilih bekerja didunia akuntan dan menjadi akuntan yang profesional dengan mengambil jurusan akuntansi jika melanjutkan ke jenjang pendidikan yang lebih tinggi..Kesimpulan pada kegiatan pengabdian ini antara lain adanya peningkatan pengetahuan para siswa tentang informasi terbaru pada dunia akuntansi dimana sekarang sudah berbasis IFRS. Hal ini dibuktikan dengan hasil pre test.Meningkatnya motivasi untuk bekerja menjadi akuntan yang profesional..
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Harris, Peter. "A Case Study Of The Cash Flow Statement: US GAAP Conversion To IFRS." Journal of Business Case Studies (JBCS) 12, no. 1 (January 14, 2016): 1–6. http://dx.doi.org/10.19030/jbcs.v12i1.9556.
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International Reporting Standards (IFRS) has become the required framework for most of the world financial markets effective on January 1, 2011. The United States is in a transformation stage, and it has not yet been determined when the US will adopt IFRS. The introduction of IFRS accounting rules into the curriculum is valuable because it presents an alternative method of accounting which can be used to heighten students understanding of GAAP. At present, the CPA Uniform CPA exam is testing IFRS and its testing content is increasing with each current test. Additionally, the CFA exam tests IFRS exclusively and has eliminated US GAAP from its curriculum, basing its action on the fact that the CFA examination is a global based exam. This case requires students to prepare an IFRS cash Flow Statement from a presented US GAAP presented Statement of Cash Flow, from a given set of facts in the case. This case study can be used at the undergraduate or graduate level. It is most suitable for Intermediate Accounting 2, Accounting Theory, Financial Statement Analysis, and an Accounting Capstone classes. Students must have or develop a solid understanding of both US GAAP and IFRS rules is required to adequately address this cash flow case study.
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Zuhair, Muhammad Sayyid, and Dade Nurdiniah. "DAMPAK KONVERGENSI IFRS DAN LEVERAGE TERHADAP MANAJEMEN LABA DENGAN PERTUMBUHAN PENJUALAN SEBAGAI VARIABEL MODERASI." Jurnal Riset Manajemen dan Bisnis (JRMB) Fakultas Ekonomi UNIAT 3, no. 1 (February 28, 2018): 111–20. http://dx.doi.org/10.36226/jrmb.v3i1.93.
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This study aims to examine the effect of convergence of International Financial Reporting Standard (IFRS), leverage, interaction of convergence IFRS with sales growth and leverage interaction with sales growth on earnings management action on company LQ45 period 2009-2014. Sample selection using purposive sampling method. The sample of this research is 90 companies. The test results show that: 1) the convergence of IFRS as measured by the dummy variable has no effect on the profit management action; 2) the leverage measured by the leverage ratio positively affects the profit management action; 3) the interaction of sales growth as a moderating variable measured by sales growth instead The moderating variable between the convergence of IFRS to the action of earnings management, 4) the interaction of sales growth as a moderating variable can strengthen the leverage effect on earnings management actionshowed only cash has significant influence to profitability.
Keywords: earnings management, konvergensi IFRS, leverage, sales growth
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Zubairu, Ahmad Alhaji, Lubabatu M. Kwanbo, and Abbas Usman. "Impact of IFRS Adoption and Value Relevance of Accounting Quality on Listed Firms in Nigeria." Jurnal Intelek 16, no. 1 (January 26, 2021): 1–6. http://dx.doi.org/10.24191/ji.v16i1.358.
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This study concentrated on evaluating the value relevance of accounting quality in Nigeria both before and after the mandatory adoption of IFRS as a reporting standard for the period of two (2) years (2011-2012) using annual reports of the whole (108) companies quoted on Nigerian stock exchange with exclusion to companies that operate in financial services sector of the market, criteria were used to arrive at the sample of 91 listed firms, Secondary data and Ordinary least Square (OLS) was engaged in analyzing the data extracted for this study, using STATA 13, Analysis was done using Pre IFRS and Post IFRS, the study discovered that value relevance of accounting quality is higher in the post-IFRS adoption period compared to that of the pre-adoption period. The study recommended that other developing nations should adopt IFRS as their financial reporting standard since it is accomplished of increasing their value relevance of accounting quality.
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Rossetti, Silvia, and Roberto Verona. "International Differences in IFRS Policy Choice and the Persistence of Accounting Classification: The Case of China." International Journal of Business and Management 12, no. 2 (January 25, 2017): 27. http://dx.doi.org/10.5539/ijbm.v12n2p27.
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This paper focuses on the application of IFRS standards in China. The research is mainly conducted on the basis of Kvaal and Nobes’s studies (2010) regarding the different ways that various countries apply IFRS and Nobes’s IFRS accounting classification system (2011). For companies that issued B shares, the use of IFRS in China lasted only until the 2006 ASBE (Accounting Standards for Business Enterprises) reform. The present study examines IFRS overt options in an attempt to 1) review the choices made by Chinese companies to discover – in light of the applicable PRC GAAP (Chinese Local Standards) requirement of that time – whether they were more or less likely to choose an option than the other countries analysed by Nobes & Kvaal; 2) rank China’s place within Nobes’s accounting classification system; and 3) rank China’ place, again in the Nobes’s model but also in light of a recent study based on BRICS (Note 1)countries (Sarquis, et al. 2014). The results of the statistical analysis confirm that Chinese financial statements display a “local” nature in their use of IFRS and that in its accounting tendencies, China belongs to the Continental European group rather than with the other BRICS countries.
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Yu, Gwen, and Aida Sijamic Wahid. "Accounting Standards and International Portfolio Holdings." Accounting Review 89, no. 5 (April 1, 2014): 1895–930. http://dx.doi.org/10.2308/accr-50801.
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ABSTRACT Do differences in countries' accounting standards affect global investment decisions? We explore this question by examining how accounting distance, the difference in the accounting standards used in the investor's and the investee's countries, affects the asset allocation decisions of global mutual funds. We find that investors tend to underweight investees with greater accounting distance. Using the mandatory adoption of International Financial Reporting Standards (IFRS) as an event that changed the accounting standards of various country-pairs, we examine how two sources of changes in accounting distance—(1) changes due to IFRS adoption of the investee, and (2) changes due to IFRS adoption in the investor's country—affect global portfolio allocation decisions. We find that the tendency to underinvest in investees with greater accounting distance significantly weakens when accounting distance is reduced, either from an investee's IFRS adoption or from IFRS adoption in the investor's country. The latter finding holds despite the fact that IFRS adoption in the investor's country had no impact on the accounting standards under which the investee firms present their financial information; the only change is in the investor's familiarity with these standards. This suggests that differences in accounting standards affect investor demand by imposing greater information-processing costs on those less familiar with the reporting standards.
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Pasko, Oleh, Mykola Hordiyenko, Fuli Chen, Yarmila Tkal, and Yulia Abraham. "Mapping Global Research on International Financial Reporting Standards: A Scientometric Review." International Journal of Financial Research 12, no. 3 (January 21, 2021): 116. http://dx.doi.org/10.5430/ijfr.v12n3p116.
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For the purpose to provide scholars with a more quantifiable and visualized snapshot of the realm of IFRS research (lingua franca in global business today) we conducted a scientometric review of 973 articles related to the issue published during the period from 2009 to 2020 and indexed in the Web of Science Core Collection. The findings show that the number of related articles has been increasing year by year. The global research on IFRS has been produced chiefly in the USA, England, Australia, China and Germany which not only generated majority of the high-yielding research institutions as well as productive authors but also countries of origins most of the prolific journals. Among the innumerable subject matters debated in these selected papers key are earnings management, information disclosure quality, accounting standards, the impact of IFRS, value relevance, and IFRS adoption. Since 2009, IFRS research bursts can be divided into three stages: 1) the period from 2009 to 2011 - mainly focused on the discussion of the concepts of IAS and IFRS; 2) the period from 2012 to 2014 turned to the theoretical level, and 3) from 2016 to 2020 when the research focused on the practical level. This scientometric review would complement and enrich existing literature by incorporating a quantitative perspective into it.
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Basoglu, Kamile Asli, Christopher T. Edmonds, and Clinton E. White. "IFRS, U.S. GAAP, and XBRL Financial Statements: An Introduction and Case Study." AIS Educator Journal 7, no. 1 (January 1, 2012): 75–79. http://dx.doi.org/10.3194/1935-8156-7.1.75.
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ABSTRACT Given (a) the mandate to fully comply with “Interactive Data to Improve Financial Reporting,” (Rule 33-2009; SEC 2009b) which requires all SEC registered companies to include financial statements in XBRL format as exhibits with their quarterly or annual reports on a phased-in schedule, and (b) initiations to converge U.S. GAAP and IFRS, it is crucial for students to understand the methodological differences between XBRL financial reporting for these two standards. Therefore, the goal of this case is to expose students to the IFRS and U.S. GAAP XBRL taxonomies. We use the case of a hypothetical company to first illustrate some of the differences between IFRS and U.S. GAAP reporting at the financial statement level, then map its Income Statement line items into respective XBRL taxonomies, and finally create an XBRL instance document. The case provides two exercises to explain the steps in creating an XBRL instance document for different taxonomies, i.e., accessing and then mapping line items into the IFRS and U.S. GAAP taxonomies (Exercise 1) and creating the actual XBRL instance document for U.S. GAAP and IFRS (Exercise 2).
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Cahyati, Ari Dewi. "DAMPAK PENERAPAN IFRS TERHADAP KUALITAS LAPORAN KEUANGAN DAN ARUS INVESTASI." JRAK: Jurnal Riset Akuntansi dan Komputerisasi Akuntansi 9, no. 1 (February 19, 2018): 49–74. http://dx.doi.org/10.33558/jrak.v9i1.1362.
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Objective of this study is to determine whether IFRS convergence will improve the quality of financial statements as indicated by decreasing levels of information asymmetry and declining real earnings management. IFRS convergence is measured by Dummy variables years before convergence and year after covergency while accounting quality reporting is measured by decreasing earnings management level and decreasing level of information asymmetry. Real earnings management uses abnormal cash flow, abnormal discretionary expense and abnormal production cost (Roydhuchory, 2006) while information asymmetry uses adjusted spreads. While the variable of investment flows is measured by the percentage of foreign investment ownership in Indonesia (defond et.al, 2011).
This research uses a quantitative approach that aims to test the theory. The research method used is explanatory research. The sample of this study are all companies listed on BEI. Secondary data research data. From purposive sampling, 102 samples were obtained for IFRS convergence effect on Real earnings management and 100 companies to test the effect of IFRS convergence on asymmetry and information asymmetry on global investment flows. Methods of data analysis using linear regression analysis.
The result of statistical analysis shows 1) that IFRS convergence has negative effect on real profit management. This indicates that the higher the IFRS convergence the real earnings management will decrease. 2) IFRS convergence has no effect on information asymmetry and 3) Information asymmetry has no effect on global investment flows in Indonesia.
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Beccace, Francesca, Roberto Tasca, and Luisa Tibiletti. "The Macaulay Duration: A Key Indicator for the Risk-Adjustment in Fair Value." International Journal of Business and Management 13, no. 12 (November 21, 2018): 251. http://dx.doi.org/10.5539/ijbm.v13n12p251.
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International Financial Reporting Standards (IFRS) 13 Fair Value Measurement lays down two methods to adjust Expected Present Value (EPV) for risk. According to Method 1, expected cash inflows should be risk-adjusted by subtracting a risk-premium and discounted at the market risk-free rate, see (IFRS 13, B25). In contrast according to Method 2, expected cash inflows should be discounted at the risk-free rate augmented by a risk-premium addendum, see (IFRS 13, B26). Standard IFRS 13, B29 leaves the freedom to choose between the two methods. The aim of this note is to identify the relationship between the Risk-Adjusted EPVs rolled out from Method 1 and Method 2. First we introduce a theoretical solution to risk-adjustments compliant with the Standard IFRS 13, B29. Then, we set up a user-oriented proxy to connect the risk-premium present in Method 1 with the risk-adjusted rate present in Method 2. This proxy spots light on the key role played by the Macaulay Duration of expected inflows, rather than that of the lifetime of the project. As a consequence, projects expiring at the same redemption date and endowed with the same EPV and/or the same total inflow may differ considerably in risk-adjustments, due to different Macaulay Durations. A user-oriented method to properly to fast evaluate risk-adjustments for multi-cash inflow projects is provided. Sensitivity analysis of the impact of the Macaulay Duration on Risk-Adjusted EPV is also rolled out through numerical examples.
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Porretta, Pasqualina, Aldo Letizia, and Fabrizio Santoboni. "Credit risk management in bank: Impacts of IFRS 9 and Basel 3." Risk Governance and Control: Financial Markets and Institutions 10, no. 2 (2020): 29–44. http://dx.doi.org/10.22495/rgcv10i2p3.
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The expected loss approach (ECL) defined by IFRS 9 replaced the old incurred loss approach (IAS 39) in the international accounting standard setter. In Europe, the IFRS 9 are accompanied by new regulatory frameworks (BCBS), opinion, technical standards (EBA) which do not always provide the same methodological and operational implications of the accounting standard setter. Many aspects of IFRS 9 have been studied, but this paper analyzes its interdependencies and overlaps with the credit risk framework for financial intermediaries (also Basel 3). Using a case study, the purpose of this paper is to investigate the ECL, its main impacts on coverage ratio of a loan’s portfolio. The main findings are: usually, the rules laid down for Stage 1 of IFRS 9 do not reduce the excess coverage produced on a portfolio in bonis; in the presence of impaired loans IAS 39 generates a lack of funds; the lifetime ECL (Stage 2 of IFRS 9) imposes excess of provisions because it does not consider the effect of coverage produced by expected premiums; for loan portfolios with short repayment times, the excess of provisions produced by IFRS 9 compensates the lack of coverage of the capital requirement. From the academic research perspective, this paper contributes to the literature on ECL model in several ways. First, it adds knowledge to the research on the relationship between Credit Risk Management framework and accounting standard IFRS 9. Second, it also links our findings related to ECL approach with potential implications for the financial sector, policymakers and regulators.
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Pertiwi, Rahma Kamalia, and Shinta Ningtiyas Nazar. "TAX RATES AND ADOPTION OF IFRS ON FOREIGN DIRECT INVESTMENT in ASEAN ECONOMIC COMMUNITY COUNTRIES." EAJ (ECONOMICS AND ACCOUNTING JOURNAL) 2, no. 1 (April 4, 2019): 09. http://dx.doi.org/10.32493/eaj.v2i1.y2019.p09-17.
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Research aim : This study aimed to get empirical evidence of the effect of tax rates and the adoption of IFRS to Foreign Direct Investment (FDI). The study also attempts to identify whether a country needs to adopt IFRS fully, convergence IFRS or not using IFRS able to increase FDI. Otherwise to detect Tax rates from Asean Economic Community Countries can affected FDI. Design / Methodology / Approach: This study uses a quantitative descriptive approach. The sample consisted of 54 observations of each variable that consists of information 9 countries of the ASEAN Economic Community (AEC) during the years 2011 to 2016. The proposed model was tested using multiple regression analysis through partial t test, as well as simultaneous test F. Research findings: The results showed the tax rate in a country negatively affect FDI and the adoption of IFRS by a country has a positive effect on FDI, while simultaneously tax rates and the adoption of IFRS have a significant effect on FDI. Contributions theoretical / Originality : This study extends the theoretical concept of tax rates and the level of IFRS adoption, even though previous research has been done before in developing countries, and there is no research that focuses on AEC countries. Previous research used a simple score of 2 to 3 score levels in AECsuring the level of IFRS adoption in each sample country so that it was not able to accurately AECsure the level of IFRS adoption in each country. This Research is using five (5) levels of scores taken from the IASB namely full adoption, adapted, pieceAECl, referenced, and not adoption at all. Practicioner / Policy Implication: The result will be useful to policy makers as an authoritative Tax and Accounting Bodies in AEC Countries as an input to identify factors which can increase Foreign Direct Investment. Research Limitation/Implication : This Study used data from 2011 to 2016, however, others factors could be used with FDI in future researches.
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Fatmawati, Dian Surya Ayu, Bambang Subroto, and Aulia Fuad Rahman. "PENGUNGKAPAN JUMLAH SEGMEN PASCA KONVERGENSI IFRS." Jurnal Reviu Akuntansi dan Keuangan 8, no. 2 (October 22, 2018): 159. http://dx.doi.org/10.22219/jrak.v8i2.35.
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The purpose of this study is to examine what extent of disclosure segmental reporting after IFRS convergence in Indonesia. The great value of this study is highlighted by the effort to empirically investigate the beginning impact of segmental disclosure standard to segment number. Descriptive analysis was used to describe changes of Line Of Business (LOB) segment, geographical segment, level of specificity number. The study consist of 32 Multinational company that listing in Indonesian Stock Exchange (ISE) at 2012-2017. Thus result show that number and types of segments reported decrease 4% for LOB and 2% for geographic segment and using more disaggregated at geographic level. Those findings about changing can help to lead an insight of segmental disclosure implementation in the future.
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Wömpener, Andreas. "Michael Buschhütern, Andreas Striegel (Hrsg.): „Internationale Rechnungslegung: IFRS Praxis“." Zeitschrift für Betriebswirtschaft 79, no. 11 (October 16, 2009): 1335–36. http://dx.doi.org/10.1007/s11573-009-0321-2.
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Unrein, Daniel. "Die zukünftigen IFRS unter Controllinggesichtspunkten – Potenzielle Auswirkungen und Handlungsfelder." Controlling & Management 55, no. 4 (August 2011): 233–38. http://dx.doi.org/10.1007/s12176-011-0070-2.
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Amblard, Marc. "La norme IFRS 2 : un éclairage critique par la théorie comptable." Comptabilité - Contrôle - Audit 13, no. 3 (2007): 97. http://dx.doi.org/10.3917/cca.133.0097.
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Atan, Ruhaya, Nur Syuhada Jasni, and Yousef Shahwan. "The Impact of IFRS 2 "Share-Based Payment" on Malaysian Companies." Review of Pacific Basin Financial Markets and Policies 13, no. 03 (September 2010): 449–68. http://dx.doi.org/10.1142/s0219091510002025.
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In the wake of corporate scandals and excessive stock options compensation, International Accounting Standard Board (IASB) has introduced a new accounting standard, IIFRS 2 Share-based Payments. The scope of the standard extends beyond payments to employees, but for the purpose of this study, the focus is only on 'employee stock options'. IIFRS 2 requires a fair value of stock options records calculated on grant date, and recognized as compensation expenses over vesting periods. Prior to the introduction of IIFRS 2, stock options were not recognized and were only disclosed in the notes to the accounts. In Malaysia, the standard is mandatory for all companies listed on or after January 1, 2006. This study assumes the requirement existed in 2003. This study examines the impact of stock options expenses from 2003 to 2005, on the top 100 Malaysian companies. The three year observations show at least 24% of the sample exceeds the 5% materiality threshold on diluted EPS. The sectors that are impacted the most are the Trade/Service and Finance sectors. From the multiple-regression test, this study finds that fair value of stock options have a negative relationship with dividend yields (input of the Black-Scholes Merton (BSM) Model). Most companies in the sample are found to pay dividends and grant stock options at the same time. Therefore, this study suggests that companies need to restructure their compensation plan thus balancing the stock options granted and dividends paid in the future.
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Salah, Wafaa. "The International Financial Reporting Standards and Firm Performance: A Systematic Review." Applied Finance and Accounting 6, no. 2 (June 11, 2020): 1. http://dx.doi.org/10.11114/afa.v6i2.4851.
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This study reviews the accounting literature which investigates the effects of International Financial Reporting Standards (IFRS) on firms’ financial performance to answer a debating question of how effective are the accounting standards in affecting financial performance and to provide guidance for future studies. The focus of the review is three primary streams, first, reasons and evidence of differences between countries in accounting practices; second, theories justifying the transition from local Generally Accepted Accounting Principles (GAAP) to IFRS; Third, the effect of accounting standards on firms’ financial performance regarding three broad groups: (1) Common law countries (2) Civil law countries, and (3) Middle East and North Africa (MENA) region countries affected by both sharia law and civil law. The review demonstrates that the transition from local GAAP to IFRS has been successful in affecting firms’ financial performance measures in less shareholder-oriented civil law and MENA region countries. This was attributed to the IFRS fair value orientation, which causes volatility in the statement of financial position and financial performance figures. These impacts, however, usually vary between countries, depending on the pre-transition differences between local GAAP and IFRS. The more the difference, the more volatile the financial performance measures, particularly the profitability ratios. This review’s findings have implications for other jurisdictions, particularly developing countries, where IFRS adoption is already underway. In addition, managers, investors, practitioners, and standard setters can use this review to identify the factors that have been found to influence firm performance, especially in a globalized economy that is increasingly cross-listed.
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Sarea, Adel Mohammed, and Zahra Abdulla Al Dalal. "The level of compliance with International Financial Reporting Standards (IFRS 7)." World Journal of Entrepreneurship, Management and Sustainable Development 11, no. 3 (July 13, 2015): 231–44. http://dx.doi.org/10.1108/wjemsd-02-2015-0009.
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Purpose – The purpose of this paper is to examine the level of compliance with International Financial Reporting Standards (IFRS 7) by listed companies in Bahrain Bourse (BB). Design/methodology/approach – First, the authors design disclosure compliance checklist of ten requirements of IFRS 7. Second, a score of 3 is assigned if high level of compliance, 2 is assigned if medium level of compliance, 1 is assigned if low level of compliance. The sample of the study comprises of (21) companies listed in BB for year 2013. Findings – The main findings are, the level of compliance varied by industry and the highest level of compliance reported for the investment sector whereas the lowest for the insurance industry. This result indicates that all listed companies are complying with IFRS 7 in terms of the standard disclosure requirements. Practical implications – In this paper attempt has been made to support the argument of previous studies. The paper attempts to test and answer the research question; does the financial sector in Bahrain comply with IFRS 7? These results could lead to high level of awareness about the financial instruments. Adoption of the IFRS 7 could lead to high level of compliance and play a significant role in attracting global investors’ interest to the local markets, especially in a developing country like Bahrain. Originality/value – This paper provides an insight from the reality of the financial market in Bahrain as a result of answering this question; does the financial sector in Bahrain comply with IFRS 7?
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Jatiningrum, Citrawati, Fauzi Fauzi, Rita Irviani, Mujiyati Mujiyati, and Shahanif Hasan. "An Investigation IFRS Adoption in Malaysia on The Relationship between The Audit Committee and Quality of Financial Statement." Asia Proceedings of Social Sciences 2, no. 2 (December 3, 2018): 115–22. http://dx.doi.org/10.31580/apss.v2i2.374.
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Audit committees are one of Corporate Governance (CG) mechanisms which are the significant factor in improving its role in inhibiting financial statement fraud (Choi, Jeon & Park, 2004; Habbash, 2010; Soliman & Ragab, 2014). Quality of the Financial Statement emphasised as being in compliance with accounting standards accepted in general, the disclosure scale, and reported numbers although this is not merely a task for the IFRS (Cascino & Gassen, 2010). In recent years, the issue of IFRS adoption in developed and developing countries have been a great deal of attention from many researchers. However, regarding the relationship between the Audit Committee and Quality of Financial Statement with IFRS requirements is still questioning. In fact, the results obtained from some previous researches are inconsistent. Therefore, the objectives in this study are aims to investigate whether post the mandatory IFRS adoption in Malaysia would limit earnings management practice in highlights of governance monitoring on the quality of financial reporting in this environment. This paper gives some evidence: 1) The effect of pre- and post IFRS adoption in Malaysia in the relationship between the Audit Committee and earnings management adoption. 2) examine the differences of the level earnings management on two periods of IFRS adoption in Malaysia. Quality of Financial statement in this study was measured by the level of earnings management with discretional accrual (DA) proxy. The audit committee variable measured by Audit Committee Independence (ACIND), Audit Committee Financial Expertise (ACFEX), Audit Committee Meeting (ACMEET), Audit Committee Size (ACSIZE) and control variable in this study using Board Size (BRDSIZE) and Firm Leverage (FRMLEV). The sample of this study including the two main time periods, there are pre-IFRS adoption and post-IFRS adoption. Using 81 listed companies in Malaysia as a sample, with 567 observations is analysed from 2009 to 2015 (7 years observations) with purposive judgement sampling selection. For seven years, a total of 567 observations is analysed. The pre- IFRS adoption period was tested from 2009 through 2011, and the post-IFRS adoption was tested from 2012 through the end of 2015. The findings in this study with multiplied regression analysis revealed that the hypothesis test in a period of pre- and post IFRS adoption ACFEX and FIRMLEV statistically were significance at 5% level. It means that Audit Committee Financial Expertise (ACFEX) have a significant effect on earnings management practise. According to the result found in the post IFRS adoption period, Audit Committee Meeting (ACMEET) is significant. It means that the frequency of audit committee meetings could be decreasing the level of discretionary accrual. The evidence also unveils both of ACIND and ACSIZE at 5 % level p-value is not significant. The most important result finding on pre- and post period of IFRS adoption in Malaysia provide evidence that based on the statistically significant was upward or the relation more significantly. However, this study also reported with paired sampled test analysis there was no significant difference between the level of earnings management in pre- and post period the adoption of IFRS in Malaysia at 5% level significance.
An important contribution this study has the impact on practices and has implications useful for regulators. The study provides empirical evidence that a relationship between the audit committee and earnings management in the case of IFRS adoption. In contributing to the strength of governance quality and FRQ need to be revisited, especially after mandatory IFRS adoption. Though the audit committee and audit quality are implicitly mentioned in the CG act, it is recommended that formulates specific rules relating to the quality of Financial Reporting. In this regard, it is suggested that company reports would be presented high quality in financial reporting to provide appropriate responses to recommendations made in the reports. Finally, these findings suggest that CG practices in Malaysian that have its own peculiar characteristics compared to other emerging economies.
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Camfferman, Kees, and Teye Marra. "Op aandelen gebaseerde beloningen: een voorbeeld van problematische disclosure?" Maandblad Voor Accountancy en Bedrijfseconomie 89, no. 12 (December 17, 2015): 460–75. http://dx.doi.org/10.5117/mab.89.31216.
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De verslaggeving over op aandelen gebaseerde beloningen op basis van IFRS 2 wordt vaak genoemd als voorbeeld van te omvangrijke en/of nietfunctionele informatieverstrekking in de toelichting op de jaarrekening (disclosure). In dit onderzoek doen wij verslag van een onderzoek naar de praktijk van deze verslaggeving in de jaarrekeningen van een groep beursgenoteerde ondernemingen uit vier Europese landen, waaronder Nederland. Wij stellen vast dat IFRS 2-disclosures vaak erg omvangrijk zijn in verhouding tot het belang van de onderliggende post in het geheel van de jaarrekening, wat erop kan wijzen dat de toelichtingsvereisten van IFRS 2 soms meer mechanisch dan welbewust worden toegepast. Wij geven door middel van voorbeelden (best practices) aan dat sommige ondernemingen er in geslaagd zijn om hun toelichting een doordachte opbouw te geven, wat de leesbaarheid zeer ten goede komt. Het is echter niet evident dat de toekomst van deze disclosures ligt in een betere structurering met behoud van de hoeveelheid verstrekte informatie. Het artikel sluit af met de open vraag of niet meer ondernemingen in de toekomst zullen concluderen dat zij de hoeveelheid informatie over dit onderwerp aanzienlijk kunnen beperken.
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SE MSi, Ramly, and Alamsjah SE. "Hubungan Sinyal Fundamental dan Informasi Arus Kas Terhadap Return Saham Sebelum dan Setelah Konvergensi IFRS." Tangible Journal 3, no. 2 (February 15, 2019): 138–54. http://dx.doi.org/10.47221/tangible.v3i2.20.
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Kegagalan laba (earning) merefleksikan harga saham secara penuh menyiratkan terdapat informasi lain yang dapat digunakan untuk berinvestasi. Penelitian bertujuan mencari alternatif informasi non laba (earning) dalam berinvestasi dengan menguji (1) hubungan sinyal-sinyal fundamental (account receivable, inventory, gross margin, sales and administrative expeneses, effective tax rate, labor force dan capital expenditure) terhadap return saham , dan (2) informasi komponen arus kas (operating cash flows,investing cash flows dan financing cash flows) terhadap return saham. Penelitian ini dilakukan pada Bursa Efek Indonesia (IDX) dengan menggunakan data sekunder. Penyampelan dilakukan secara purposif dengan menggunakan data sebelum dan sesudah kovergensi IFRS dari 2009-2015 untuk menemukan bukti empiris setelah adanya konvergensi IFRS. Data dianalisis dengan menggunakan metode analisis linear berganda. Hasil yang diperoleh dari dua hasil regresi menunjukkan bahwa hubungan sinyal fundamental dan informasi arus kas terhadap return saham sebelum konvergensi IFRS memiliki hubungan yang signifikan khususnya pada variabel sinyal fundamental seperti inventory, gross margin, sales and administrative expenses dan capital expenditure dan informasi arus kas tidak memiliki hubungan yang signifikan. Sementara hasil diperoleh setelah Konvergensi IFRS hanya memperlihatkan dua variabel sinyal fundamental yang memiliki hubungan yang signifikan yaitu inventory dan sales and administrative expenses.
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Wulandari, Tiara. "PENGARUH KONVERGENSI IFRS, KOMPLEKSITAS AKUNTANSI DAN PROBABILITAS KEBANGKRUTAN PERUSAHAAN TERHADAP MANAJEMEN LABA DENGAN GOOD CORPORATE GOVERNANCE SEBAGAI VARIABEL MODERASI." CASH 4, no. 01 (June 5, 2021): 9–19. http://dx.doi.org/10.52624/cash.v4i01.2241.
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Penelitian ini bertujuan untuk mengetahui pengaruh konvergensi IFRS, kompleksitas akuntansi, probabilitas kebangkrutan perusahaan terhadap manajemen laba dengan good corporate governance sebagai variabel moderasi. Sampel dalam penelitian ini adalah perusahaan Manufaktur yang terdaftar di Bursa Efek Indonesia (BEI) tahun 2013-2015. Metode penentuan sampel menggunakan metode purposive sampling. Terdapat 87 perusahaan terpilih sebagai sampel dalam penelitian ini. Teknik analisis yang digunakan adalah moderated regression analysis (MRA). Hasil penelitian ini menunjukkan bahwa (1) konvergensi IFRS berpengaruh negatif terhadap manajemen laba, (2) kompleksitas akuntansi tidak berpengaruh terhadap manajemen laba, (3) probabilitas kebangkrutan perusahaan berpengaruh positif terhadap manajemen laba. (4) komite audit berpengaruh negatif terhadap manajemen laba, (5) komite audit tidak memperkuat pengaruh konvergensi IFRS terhadap manajemen laba, (6) komite audit tidak tidak memperlemah pengaruh kompleksitas akuntansi terhadap manajemen laba, dan (7) komite audit tidak memperlemah pengaruh probabilitas kebangkrutan perusahaan terhadap manjemen laba.
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Marta, Tache. "Risk Disclosure and Firm Value: Evidence from the United Kingdom." Central European Economic Journal 8, no. 55 (January 1, 2021): 15–24. http://dx.doi.org/10.2478/ceej-2021-0002.
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Abstract The International Accounting Standard Board (IASB) aimed to increase the decision usefulness of firms’ risk disclosures with the 2007 introduction of the International Financial Reporting Standards (IFRS) 7. Specifically, listed firms were mandated to provide information to the market on both their (1) exposure and (2) risk management, which are associated with holding their financial instruments. This study investigates whether IFRS 7 financial instruments and their disclosures are associated with firm valuation. Using data on premiumlisted United Kingdom (UK) companies, for the period 2007–2019, I find evidence that firm value (proxied by Tobin's Q) is negatively associated with the quantity of IFRS 7 interest and credit risk disclosures. I further find that the market value decreases with the presence of quantitative information tabulated in the disclosures. The findings of this study have important implications for the IASB's standard-setting process.
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Sampaio, Joelson, Humberto Gallucci, Vinicius Augusto Brunassi Silva, and Rafael Felipe Schiozer. "ADOÇÃO OBRIGATÓRIA DE IFRS, GOVERNANÇA CORPORATIVA E VALOR DA FIRMA." Revista de Administração de Empresas 60, no. 4 (August 20, 2020): 284–98. http://dx.doi.org/10.1590/s0034-759020200405.
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RESUMO Estudamos se o nível de divulgação contábil e financeiro afeta o valor da firma, focando a adoção do padrão IFRS no Brasil em 2010. Comparamos firmas com pior qualidade contábil ex-ante (no nível regular e nível 1 de governança corporativa) com firmas similares que já adotavam o IFRS antes de se tornar mandatório (Nível 2 e Novo Mercado). Encontramos que a adoção do IFRS tem um impacto positivo de aproximadamente 30 pontos percentuais no Q de Tobin e 26 pontos percentuais na razão entre valor de mercado e valor patrimonial para firmas nos níveis mais baixos de governança, e reduz substancialmente a diferença de valuation entre firmas nos níveis altos e baixos de governança corporativa. Essa redução na diferença de valuation é parcialmente explicada pelo aumento relativo na participação de estrangeiros no capital acionário e na liquidez das ações das firmas nos níveis mais baixos de governança corporativa.
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Giner, Begoña, and Miguel Arce. "Lobbying on Accounting Standards: Evidence from IFRS 2 on Share-Based Payments." European Accounting Review 21, no. 4 (December 2012): 655–91. http://dx.doi.org/10.1080/09638180.2012.701796.
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Boyle, Glenn, Stefan Clyne, and Helen Roberts. "Valuing Employee Stock Options: Implications for the Implementation of NZ IFRS 2+." Pacific Accounting Review 18, no. 1 (March 2006): 3–20. http://dx.doi.org/10.1108/01140580610732750.
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Merz, Alexander. "Expensing performance-vested executive stock options: is there underreporting under IFRS 2?" Journal of Business Economics 90, no. 3 (November 20, 2019): 461–93. http://dx.doi.org/10.1007/s11573-019-00960-3.
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Bulatenko, Mariya, Vera Grishina, and Nadezhda Grishina. "Assessment of the impact of the Covid-19 pandemic on the economic security of Russian oil companies based on IFRS reporting." Russian Journal of Management 9, no. 2 (August 31, 2021): 21–25. http://dx.doi.org/10.29039/2409-6024-2021-9-2-21-25.
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During the quarantine measures introduced due to the spread of COVID-19, there was a decrease in demand for energy resources, which, while maintaining supply from oil companies, led to a sharp decline in energy prices. As a result, oil industry enterprises are in crisis conditions and now it is important to assess the level of their economic security. In the article, the source of information on the financial results and changes in the financial position of oil companies is their public financial statements prepared in accordance with IFRS. The authors assess the impact of the Covid-19 pandemic on the economic security of PJSC NK Rosneft, PJSC NK Lukoil, PJSC NK Bashneft, PJSC Tatneft, PJSC Gazprom Neft on the basis of a horizontal analysis of financial investments, reserves, equity capital and revenues of oil companies under IFRS for 2019 and 2020. The article provides a calculation and analysis of liquidity and financial stability indicators, as well as an assessment of the likelihood of bankruptcy of enterprises according to three models based on IFRS reporting. The most vulnerable to the consequences of quarantine measures was PJSC NK Rosneft, which is confirmed by the data of an assessment of its financial condition.
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Hariyati, Hariyati. "Perkembangan Standar Akuntansi Keuangan Di Indonesia Ditinjau Dari Filsafat Ilmu." AKRUAL: Jurnal Akuntansi 2, no. 2 (April 6, 2011): 151. http://dx.doi.org/10.26740/jaj.v2n2.p151-171.
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AbstractStandards of financial accounting is needed in the business community and the market economy system. Philosophically, the Financial Accounting Standards prepared for use (1) as a means of seeking truth from all the phenomena that exist, (2) to maintain, support and fight or stand neutral on the outlook, (3) to provide an understanding of the way of life, outlook on life and world view, (4) to give the doctrine of morals and ethics are useful in life, (5) to be a source of inspiration and guidance for life in various aspects of life itself, such as economics, politics, law and so on. Development of Accounting Standards in Indonesia can be divided into 3 (three) periods, namely (1) The period before the birth of the PAI, (2) Period of PAI to IFRSs and (3) Period of IFRS Convergence. The development of accounting standards from the period to the next because of a paradigm shift that occurred in that day. Interpretive very close to the development of accounting standards in Indonesia.Berkembangnya capital markets and money markets as well as with the inclusion of diera globalization, diverse accounting standards applicable in foreign countries determined to hold a convergence to IFRS. DSAK-IAI has set year 2012 as a milestone in the convergence of IFRS. In accordance with the objectives, functions, and characteristics of an accounting standard, IAS / IFRS will continue to evolve into increasingly complex and comprehensive in accordance with the spirit of the age and the phenomena that occur at this time.
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Bortsov, Dmitry B. "Theoretical aspects of international financial reporting standard (IFRS) 16 “Leases”." Vestnik of the Mari State University. Chapter “Agriculture. Economics” 5, no. 2 (2019): 219–27. http://dx.doi.org/10.30914/2411-9687-2019-5-2-219-227.
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Chua, Yi Lin, Chee Seng Cheong, and Graeme Gould. "The Impact of Mandatory IFRS Adoption on Accounting Quality: Evidence from Australia." Journal of International Accounting Research 11, no. 1 (January 1, 2012): 119–46. http://dx.doi.org/10.2308/jiar-10212.
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ABSTRACT Following the mandatory implementation of International Financial Reporting Standards (IFRS) in Australia as of January 1, 2005, this study examines its impact on accounting quality by focusing on three perspectives: (1) earnings management, (2) timely loss recognition, and (3) value relevance. Using four years of adoption experience since the mandate was first made effective in Australia for a wide range of accounting-based metrics and market-based information, we find that the mandatory adoption of IFRS has resulted in better accounting quality than previously under Australian generally accepted accounting principles (GAAP). In particular, the findings indicate that the pervasiveness of earnings management by way of smoothing has reduced, while the timeliness of loss recognition has improved post-adoption. Additionally, the value relevance of financial statement information has improved, especially for non-financial firms. This is despite the fact that there is evidence to suggest that financial firms are engaged in managing earnings toward a small positive target after the mandatory adoption of IFRS in Australia.
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Churyk, Natalie Tatiana, Alan Reinstein, and Lance Smith. "Jones Enterprises Real Estate Investment Trust: Comparing U.S. and Canadian Acquisition Accounting, Balance Sheet and Security Commission Reporting, and Initial Public Offering Location." Issues in Accounting Education 33, no. 2 (February 1, 2018): 35–42. http://dx.doi.org/10.2308/iace-52043.
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ABSTRACT Based on a Big 4 real estate audit partner's client, this case introduces graduate research and advanced financial accounting students to acquisition accounting under U.S. generally accepted accounting principles (GAAP) and International Financial Reporting Standards (IFRS), provides a perspective on real estate investment trusts (REITs), and requires analyzing a U.S. versus Canadian (Ontario) initial public offering (IPO). Students list U.S. and Canadian advantages and disadvantages of REITs, record a portfolio purchase, prepare U.S. GAAP and IFRS balance sheets in order to grasp major REIT reporting differences, contrast the key provisions between U.S. and Canadian (Ontario) securities commissions' IPO reporting, and consider ongoing securities commissions' reporting options. Finally, students will recommend whether the IPO should be issued in the U.S. or Canada. Completing the case helps students: (1) grasp U.S. GAAP and IFRS acquisition accounting methods and different REIT presentations; and (2) recognize that the country selected for the IPO depends upon the issuer's circumstances and preferences.
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Windarti, Esti, Noer Sasongko, and Zulfikar Zulfikar. "ANALISIS PERBEDAAN KUALITAS ACCRUAL ANTARA SEBELUM DAN SESUDAH PENGADOPSIAN INTERNATIONAL FINANCIAL REPORTING STANDARD (IFRS) PADA PERUSAHAAN MANUFAKTUR DI INDONESIA(Studi Empiris pada Perusahaan Manufaktur yang terdapat di Bursa Efek Indonesia Tahun 2009-2014)." Riset Akuntansi dan Keuangan Indonesia 2, no. 1 (April 14, 2017): 42–48. http://dx.doi.org/10.23917/reaksi.v2i1.3652.
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The purpose of this study to examine the numbers between the accrual quality difference before and after adopting International Financial Reporting Standards (IFRS). The population in this study are all manufacturing companies listed in Indonesia Stock Exchange 2009-2014. Sampling using purposive sampling selection of samples with specific criteria.Analysis of the data used is by using normality test and analysis methods paired sample t-test. Calculation of accruals quality using the 2 models that Dechow and Dichev Model and Modified Jones Models. From the test results showed that there was a difference in quality between the accrual before and after adopting International Financial Reporting Standard (IFRS) for 2009-2014 by using Dechow and Dichev Model, while contrary to the results of testing using the Modified Jones Model. The difference is due to the result of the absence of a change in accounting rules and the transition period that occurred in Indonesia. Keywords: Quality acrual , International Financial Reporting Standard ( IFRS ), Manufacturing Company , Paired Sample T -test
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Reichmann, Thomas. "IFRS - Zusätzliche Mühen für die Unternehmen oder eine große Chance?" Controlling 17, no. 2 (2005): 83–84. http://dx.doi.org/10.15358/0935-0381-2005-2-83.
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Ehoff Jr., Clemense, and Dov Fischer. "Why The SEC Is Delaying Adoption Of International Financial Reporting Standards." International Business & Economics Research Journal (IBER) 12, no. 2 (January 31, 2013): 223. http://dx.doi.org/10.19030/iber.v12i2.7635.
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In 2002, the Financial Accounting Standards Board (FASB) and the International Accounting Standards Board (IASB) formally began a process to converge Generally Accepted Accounting Principles (GAAP) and International Financial Reporting Standards (IFRS). The SEC has repeatedly delayed its decision on whether to adopt International Financial Reporting Standards as the financial reporting system for U.S. public companies, continue with the convergence project, or reject IFRS altogether. This paper will examine several key reports issued by the SEC and the Financial Accounting Foundation to gain further insight into 1) why the SEC has repeatedly delayed its decision, and 2) what the SEC will ultimately decide.