Academic literature on the topic 'International Financial Reporting Standards (IFRS) Conceptual Framework'
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Journal articles on the topic "International Financial Reporting Standards (IFRS) Conceptual Framework"
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Łazarowicz, Edyta. "Discussion about the objective of financial reporting based on International Financial Reporting Standards." Zeszyty Teoretyczne Rachunkowości 2016, no. 87(143) (July 4, 2016): 89–104. http://dx.doi.org/10.5604/16414381.1207436.
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The article analyses and assesses proposals for changes concerning the objective of financial reportingbased on International Financial Reporting Standards (IFRS), presented in comments on the exposuredraft of the Conceptual Framework for Financial Reporting (2015). The majority of respondents thinkthat the objective of financial reporting should give more prominence to the importance of providinginformation about management’s stewardship. Moreover, some respondents suggest introducing thedefinition of stewardship into the Conceptual Framework and presenting implications of shifts in theobjective of financial reporting for the future standard setting and for preparing financial statements.Based on the analysis of comment letters and the review of accounting literature, the conclusion is thatthe objective of financial reporting should be changed. It is, however, disputable, if stewardship should bea separate object. There is too little research on the relation between the stewardship and decisionusefulnessobjectives. The findings of this research could show accounting standard-setters the potentialtrade-offs and conflicts between these objectives.
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Gerber, Marthinus Cornelius, Aurona Jacoba Gerber, and Alta Van der Merwe. "An analysis of fundamental concepts in the conceptual framework using ontology technologies." South African Journal of Economic and Management Sciences 17, no. 4 (August 29, 2014): 396–411. http://dx.doi.org/10.4102/sajems.v17i4.525.
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The interpretation of financial data obtained from the accounting process for reporting purposes is regulated by financial accounting standards (FAS). The history and mechanisms used for the development of ʻThe Conceptual Framework for Financial Reporting’ (the Conceptual Framework) as well as the financial accounting standards resulted in impressive volumes of material that guides modern financial reporting practices, but unfortunately, as is often the case with textual manuscripts, it contains descriptions that are vague, inconsistent or ambiguous. As part of the on-going initiatives to improve International Financial Reporting Standards (IFRS), the International Accounting Standards Board (IASB) promotes the development of principle-based IFRS, which aim to address the problems of vagueness, inconsistency and ambiguity. This paper reports on the findings of a design science research (DSR) project that, as artefact, developed a first version ontology-based formal language representing the definitions of asset, liability and equity (the fundamental elements of the statement of financial position as defined in the Conceptual Framework) through the application of knowledge representation (ontology) techniques as used within computing. We suggest that this artefact may assist with addressing vagueness, inconsistencies and ambiguities within the definitions of the Conceptual Framework. Based on our findings, we include suggestions for the further development of a formal language and approach to assist the formulation of the Conceptual Framework. The project focuses on the Conceptual Framework for Financial Reporting after the incorporation of Phase A in the convergence project between the Financial Accounting Standards Board (FASB) and IASB.
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ter Hoeven, Ralph. "Inleiding op het thema Conceptual Framwork." Maandblad Voor Accountancy en Bedrijfseconomie 90, no. 1/2 (February 4, 2016): 7–8. http://dx.doi.org/10.5117/mab.90.31242.
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Het Conceptual Framework van de International Accounting Standards Board (IASB) is een onderdeel van het niet-verplichte deel van de International Financial Reporting Standards (IFRS). Dat betekent dat bedrijven die op basis van IFRS rapporteren niet als zodanig aan de bepalingen van het CF hoeven te voldoen. In die zin heeft het Conceptual Framework dezelfde status als de implementation guidance en de basis for conclusions die de publicatie van een IFRS begeleiden. Het CF is ook geen onderdeel van het Europese goedkeuringsproces van IFRS. Desalniettemin wijden wij een themanummer aan het Conceptual Framework en in het bijzonder aan de wijzigingsvoorstellen (ED/2015/4) die op 28 mei 2015 door de IASB zijn gepubliceerd.
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Ajekwe, Clement Chiahemba. "Application of Professional Judgement in International Financial Reporting Standards." European Journal of Accounting, Auditing and Finance Research 10, no. 7 (July 15, 2022): 17–30. http://dx.doi.org/10.37745/ejaafr.2013/vo10.n7pp1730.
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This essay accesses the use of professional judgements in the preparation and implementation of international financial reporting standards by preparers of financial statements. The article samples some domains of professional judgement in financial reporting contained in the Conceptual Framework for Financial Reporting (2018) and selected IAS/IFRS to demonstrate how judgement is exercised in the preparation and presentation of principles-based standards. The sampled domains or action areas for the exercise of professional judgement are going concern, materiality, accruals accounting, accounting policies, presentation/disclosure, measurements, estimates, recognition/de-recognition, classifications and revenue recognition. From the analyses of these domains, the essay concludes that (i) the exercise of professional judgement is a sine qua non in the implementation of IFRSs; and by extension, the ability to exercise professional judgement is not only the key skill for preparers of PBS-based financial statements; it is also the hallmark of an accounting professional.
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Anuar Syahdan, Saifhul, Safriansyah Safriansyah, and Lisandri Lisandri. "SEBUAH KESENJANGAN IMPLEMENTASI INTERNATIONAL FINANCIAL REPORTING STANDARS (IFRS), ANTARA TEORI, PRAKTIK DAN RISET PADA PERGURUAN TINGGI." Jurnal Riset Akuntansi dan Keuangan 1, no. 3 (May 2, 2017): 215. http://dx.doi.org/10.17509/jrak.v1i3.6697.
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Development of accounting theory is a way of theory, practice and research. Three aspects of the accounting development is an integrated whole, which would form a logical reasoning embodied in engineering financial reporting to become a Conceptual Framework. In practical terms, the adoption of IFRS is not an option for Indonesia, but must, in the hope, foreign investment will continue to enter or even increased and we are not isolated in the international arena. Nobes ( 2010) in his book states that, the International Accounting Standards have an important role in developing countries. Adoption of IFRS is the cheapest way for these countries than setting its own standards. Since January 1 st, 2012, Indonesia has adopted IFRS, there is a gap or imbalance between academics accounting practices and understanding regarding the implementation of IFRS in Indonesia. It should be encouraged readiness for accountants, auditors, management, Tax Officials, and regulators and academics to begin adjusting to the provisions of IFRS
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Bohušová, Hana. "General aaproach to the IFRS and US GAAP convergence." Acta Universitatis Agriculturae et Silviculturae Mendelianae Brunensis 59, no. 4 (2011): 27–36. http://dx.doi.org/10.11118/actaun201159040027.
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Two most significant organizations in the field of financial reporting regulation setters in the world – the Financial Accounting Standard Board (FASB) and the International Accounting Standards Board (IASB) have recognized that in order international capital markets to function properly, a single set of high-quality international accounting standards designed especially for listed companies around the world must exist. The effort should be especially aimed at spreading the IFRS around the world and the FASB – IASB Convergence. The most significant difference between the US GAAP and IFRSs is in the area of the general approach. The IFRSs are based on basic accounting principles with limited application guidance, US GAAPs are based especially on rules with specific application guidance. The main objective of this work is to assist in the development of an improved common conceptual framework that provides a sound foundation for developing future accounting standards.The structure of the paper is divided into three parts. The theoretical background presents the historical development of the IAS/IFRS and US GAAP convergence efforts in general. The second part of the paper is aimed at the comparative analysis of conceptual frameworks (the IAS/IFRS and US GAAP). At the end, based on the results of the comparative analysis, the basic principles for a common conceptual framework, which should be applicable, are clarified. The paper uses the standard methods of scientific work. Firstly, the method of description is used to describe the development in the area of IAS/IFRS and US GAAP convergence. Then, a comparative analysis is used to discuss the differences in the position a principles of conceptual frameworks the IAS/IFRS and US GAAP. At the end the method of synthesis, deduction and induction is used.
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Downes, Jimmy F., Tony Kang, Sohyung Kim, and Cheol Lee. "Does the Mandatory Adoption of IFRS Improve the Association between Accruals and Cash Flows? Evidence from Accounting Estimates." Accounting Horizons 33, no. 1 (September 1, 2018): 39–59. http://dx.doi.org/10.2308/acch-52262.
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SYNOPSIS We investigate the effect of mandatory International Financial Reporting Standards (IFRS) adoption in the European Union on the association between accounting estimates and future cash flows, a key concept of accounting quality within the International Accounting Standard Board conceptual framework. We find that the predictive value of accounting estimates improves after IFRS adoption. This improvement is largely driven by specific types of accounting estimates, such as accounts receivable, depreciation, and amortization expense. We also find that the improvement is concentrated in countries with larger differences between pre-IFRS domestic GAAP and IFRS. Our findings suggest that IFRS allow managers to exercise their judgment to provide information about future cash flows through the more subjective/judgmental portion of accounting accruals. JEL Classifications: M16; M49; O52. Data Availability: The data used in this study are from public sources identified in the study.
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Musa, Auwalu. "The Role of IFRS on Financial Reporting Quality and Global Convergence: A Conceptual Review." International Business and Accounting Research Journal 3, no. 1 (January 3, 2019): 67. http://dx.doi.org/10.15294/ibarj.v3i1.65.
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This study examines the role of International Financial Reporting Standards on financial reporting quality and the global convergence. The IFRS adoption is already an issue of global relevance across countries of the world due to the quest for uniformity, reliability and comparability of financial statements of companies. The adoption of IFRS in Europe is an example of accounting quality across-borders with different institutional frameworks and enforcement rules. This allows investigating whether, and to what extent accounting regulation per se can affect the quality of financial reporting and leads to convergence in financial reporting. Specifically, the study review how the change in the recognition and measurement of firms operating accrual item, the loan loss provision, affects income smoothing behaviour and timely loss recognition. The study found that the IFRS convergence reduces the scope for earnings management, is related to more timely loss recognition and leads to more value relevant accounting measures. Thus, the study reviews background and guidance on the change in financial reporting quality following extensive IFRS adoption around the world countries. The study found that a difference in accounting quality is related to country’s overall infrastructure setting. The study also highlights the importance of investor protection for financial reporting quality and the need for regulators to design mechanisms that limit managers' earnings management practice. The study found from different literatures that the adoption of IFRS leads to higher quality of accounting numbers and improve foreign direct investment across countries.
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Chata, Tariro, and Lillian Pazvakawambwa. "Evaluation of the cause-and-effect relationship of internal controls on financial reporting in the Ministry of Health and Social Services, Namibia." Journal of Corporate and Commercial Law & Practice, The 7, no. 2 (2021): 134–51. http://dx.doi.org/10.47348/jccl/v7/i2a7.
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This article evaluates the effect of the internal control environment on the quality of financial reporting in the Ministry of Health and Social Services (MOHSS) in Namibia. The Internal Control- Integrated Conceptual Framework of the Committee of Sponsoring Organizations (COSO) of the Treadway Commission was applied as the standard of measurement against the variable internal control, and the Conceptual Framework for Financial Reporting of the International Financial Reporting Standards (IFRS) was used to measure the qualitative characteristics of the financial reporting process. A mixed research method was used to evaluate the cause and effect relationship between the key variables and to measure the perceptions of the respondents on the quality of the financial report. Probability sampling techniques were used on the 269 staff members of the MOHSS, and data were analysed using both descriptive and inferential statistics, using the SPSS software programme. The validity and reliability of data were computed using Cronbach’s Alpha. The results of the study indicated that there is a positive relationship between the key variables although it is weak. Therefore, the study recommends the strengthening of governance systems to improve the safeguarding of financial resources.
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Jian, Ming, and Rony Lim. "Minority shareholders dispute tang Plaza’s value." CASE Journal 16, no. 4 (August 6, 2020): 455–74. http://dx.doi.org/10.1108/tcj-03-2019-0025.
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Theoretical basis This case covers the framework and process to determine fair value as specified in International Financial Reporting Standards (IFRS) 13. It illustrates an instance in which auditors interpret the concept of fair value to be consistent with other principles in standards such as the principle of prudence in the conceptual framework. In addition, a lot of the discussion in the case is applicable to accounting education in any regulatory jurisdictions given the convergence of US generally accepted accounting principles (GAAP) and IFRS 13. In addition, while fair value accounting may have been designed to give investors more useful information, in practise it could involve highly subjective judgement and the resulting implementation may be affected by incentives of different stakeholders. The CK Tang’s case provides an excellent opportunity to discuss incentives of varies parties in determining the fair value in financial reporting decisions. In short, this case could be a good jumping-off point to talk about management and auditors’ incentives in financial reporting in general. Research methodology Publicly available information (e.g. financial reporting standards, corporate announcements and reports, news reports) was used as the basis for this case. Case overview/synopsis The case centres on an iconic Singaporean integrated retailing and property landlord entity: Tang holdings. As part of its succession planning, the company’s founding family decided to take its listing arm, C.K. Tang Limited (CK Tang hereafter), private in May 2006. The Tang brothers, who represented the controlling family, initiated several attempts to delist the company. The minority shareholders of CK Tang were unhappy that the offer price was below the net asset value of the company. The minority shareholders also highlighted that the reported fair value of the flagship Tang Plaza complex understated its highest and best use and might not possibly comply with International Financial Reporting Standards (IFRS) 13. Complexity academic level The case can be used for class discussions with undergraduate students or master students in intermediate accounting courses.
Dissertations / Theses on the topic "International Financial Reporting Standards (IFRS) Conceptual Framework"
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Čech, Vratislav. "Problémy vyplývající z rozdílů české účetní legislativy a IFRS." Master's thesis, Vysoké učení technické v Brně. Fakulta podnikatelská, 2010. http://www.nusl.cz/ntk/nusl-222625.
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Object of the thesis Problems Derived from Differences between Czech Accounting Law and IFRS is to analyze differences in financial reporting according to the Czech Accounting Standards and International Financial Reporting Standards (IFRS). First part of the thesis concentrates on theoretical grounds and general requirements of financial reporting. The second part separately describes fundamentals of financial reporting based on Czech Accounting Standards and IFRS. Third and the most extensive part of the thesis is devoted to an analysis of specific differences and derived problems. The thesis can serve as a guideline to creating a financial reporting transfer bridge.
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Janse, van Rensburg Elsie Cecilia. "South African accounting students' reading comprehension of the IASB's Conceptual Framework and selected International Financial Reporting Standards." Diss., University of Pretoria, 2015. http://hdl.handle.net/2263/52984.
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This dissertation explores South African financial reporting students reading comprehension of the IASB s Conceptual Framework for Financial Reporting (Framework) and selected International Financial Reporting Standards (IFRS). In particular, this dissertation investigates differences in reading comprehension of various demographic groups, using the Cloze procedure. Analysis of differences in reading comprehension scores on the Framework revealed statistically significant differences between reading comprehension by language of instruction and the attendance, or not, of prior reading courses. When exploring the selected IFRS s, statistically significant differences were identified for prior academic performance, language of instruction, first language and enrolment in the Thuthuka programme. In a heterogeneous financial reporting class, where such differences between student groups are present, instructors may need to consider implementing differentiated instruction in developing reading comprehension. Although this dissertation considers South African students, the results may be of interest in other multicultural or multilingual environments, particularly where students also have diverse traits and backgrounds and have to comprehend learning material in a second language.Dissertation (MCom)--University of Pretoria, 2015.
Accounting
MCom
Unrestricted
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Kuželová, Simona. "Zařazení IFRS do systému učiva účetnictví na obchodních akademiích." Master's thesis, Vysoká škola ekonomická v Praze, 2013. http://www.nusl.cz/ntk/nusl-197840.
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In my master thesis I am dealing with the question of involving the subject International Financial Reporting Standards into the subject Accounting at the Secondary schools of Economics. IFRS are shortly introduced in the first chapter. In the next chapter are discussed the reasons pro and con involving this question into the subject system, they are supported by recently made researches and knowledges. This chapter last but not least contains own analysis of school educational programs of chosen Secondary schools of Economics. The third chapter summarizes the results of questionnaire research among the secondary school teachers of accounting. The last and fundamental chapter of this thesis already involves the own suggestion of the subject International standards within Accountin with the presentation of concrete examples and possible procedure of the teacher.
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Gabrhelíková, Zdeňka. "Transformace IFRS do českých účetních standardů - některé problémy aplikované do podmínek vybrané fi." Master's thesis, Vysoké učení technické v Brně. Fakulta podnikatelská, 2007. http://www.nusl.cz/ntk/nusl-221397.
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Diploma work inquires processing of financial statements according International Financial Reporting Standards IFRS and also according current legal adaptation of financial statements in Czech Republic. The work reveals crucial differences in financial reporting of concrete Small Enterprises Company. It demonstrates the influence of financial reporting on income. The work points out necessity of harmonization of national accounting standards with IFRS.
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Odendaal, Karen. "Applying a framework-based approach to teach complex problem-solving to Accounting students / Karen Odendaal." Thesis, 2015. http://hdl.handle.net/10394/15961.
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Accounting transactions are becoming more complex, and more extensive accounting guidance is
provided on a continuous basis in the accounting standards. In addition, accounting guidance
changes often and additional guidance is added to the standards regularly. In view of this immense
amount of accounting knowledge that an accountant can be expected to have, exacerbated by often
multifaceted structures in accounting problems, it can be challenging and onerous to solve certain
accounting problems.
The premise of this study is that accounting problems can also be solved in a less complex manner
with reference to the foundational accounting concepts included in the Conceptual Framework for
Financial Reporting (CF). The solution to the accounting problem using the CF should result in a
similar answer had the detailed, complex accounting guidance been consulted. This is based on the
understanding that the detailed guidance is consistent with the CF and that the CF is not
underdeveloped. In the experience of the author of this dissertation, however, the CF is rarely used
to consider the accounting treatment of specific transactions and the first point of reference is usually
the detailed, specific guidance.
In order to impart a practice of incorporating the CF in problem-solving, the study in this dissertation
is underpinned by educational philosophies rooted mainly in constructivism, and specifically in
Ausubel’s subsumption theory. Applied to accounting education, this theory suggests a frameworkbased
approach whereby educators first instil a detailed knowledge of the CF in an Accounting
course and thereafter present details of specific accounting transactions by building and crossreferencing
to the foundational concepts in the CF. In addition, the paradigm in Accounting courses
should also incorporate problems and experiments through which students can construct their own
knowledge, rather than being passive recipients of an educator’s teaching style. Recent literature on framework-based teaching suggests that such an approach is beneficial as it enhances lifelong
learning.
This study reported on a framework-based approach incorporated in an Accounting course and
aimed to determine students’ ability to solve complex accounting problems by referring only to the
CF, as well as to determine the factors that could influence their ability to solve the problems and
the preferred problem-solving approach of students in facing future accounting problems. In order to
address the broad aim of this study, it was divided into two sections, each to identify and analyse a
different aspect of accounting problem-solving that incorporated the CF. The study in this dissertation
focused mainly on an interpretive research paradigm. The first project had the primary objective of
determining whether students have the ability to solve complex accounting problems by using only
the CF and determining which factors could influence their ability. This was established by analysing
the content and results of an assignment administered to third-year Accounting students at a South
African university in which students were required to solve problems using only the CF. The second
project had the objective of determining the preferred future approach students will take in solving
accounting problems after they have been exposed to a framework-based assignment. This was
established through qualitative measures and augmented by a questionnaire to analyse the students’
perceptions.
The contributions of this dissertation are manifold and include, but are not limited to, the realisation
that a conceptual approach to accounting education is beneficial in Accounting courses. The results
in this study indicate that the ability of students to solve complex accounting problems by referring
only to the CF may depend on the complexity of the scenario and the students’ familiarity with the
problem. In addition, after being exposed to a framework-based assignment, students may tend to
prefer a mixed approach in solving accounting problems, which entails a combination of the concepts
in the CF and specific accounting guidance governing a particular transaction. The author also
believes that this study makes a practical contribution by providing an actual framework-based
assignment which can be used or adapted by other Accounting educators to use in similar courses,
or to help them develop similar assignments or case studies or to replicate the study.
From an educational perspective, it is recommended that Accounting educators incorporate an
emphasis on the CF in their teaching approach. As students are exposed to opportunities to exercise
their judgement using the concepts included in the CF, they will gain experience in this and be able
to exercise better judgement in future. Each time a student is exposed to a problem requiring to be
solved using the CF, or is required to make necessary judgements with regard to the CF, it will lead
to the creation of new knowledge which the student can constantly link and cross-reference to
existing knowledge and experiences. It also appears that, when students are exposed to problem-solving using the CF, it may lead to accountants adopting a more balanced approach by considering
more CF constructs in solving future accounting problems.
Although the study in this dissertation was conducted at only one university, its implications are by
no means limited to this institution. Extrapolation of results cannot be attempted due to the nature of
the research design, but the results in this study are valuable and enhance accounting education
literature in better understanding students’ problem-solving abilities and their preferred problemsolving
approach. The research is therefore valuable to any Accounting educator, as well as the
institutional bodies guiding accounting education and its syllabi. It is hoped also that some of the
findings will inspire other educational institutions to promote a framework-based approach in an
innovative manner.MCom (Accountancy), North-West University, Potchefstroom Campus, 2015
Books on the topic "International Financial Reporting Standards (IFRS) Conceptual Framework"
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Morozova, Tat'yana, and Viktoriya Malickaya. International Financial Reporting Standards: tangible and intangible assets. Application practice. ru: INFRA-M Academic Publishing LLC., 2022. http://dx.doi.org/10.12737/1836225.
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The textbook contains a structured presentation of the Conceptual Framework for the presentation of financial statements, IFRS (IAS) 16 "Fixed Assets", IFRS (IAS) 2 "Inventories", IFRS (IAS) 40 "Investment Property", IFRS (IAS) 38 "Intangible Assets", IFRS (IFRS) 5 "Non-current Assets held for Sale and Discontinued operations".
Fragments of information disclosure in financial statements in accordance with IFRS of more than 50 Russian and foreign companies are given. The choice of financial statements of companies is solely a subjective judgment of the textbook authors, is aimed at explaining certain provisions of IFRS and is not an advertisement or popularization of individual business entities. In the text of the textbook, examples are divided into examples - practice of application; examples - professional judgment; examples-explanations; examples - disclosure of information.
At the end of each paragraph, self-examination questions and tests are presented, which help to structure theoretical knowledge and pay attention to the most significant information blocks of IFRS.
Meets the requirements of the federal state educational standards of higher education of the latest generation.
For students in bachelor's and master's degree courses 38.03.01 "Economics" and 38.04.08 "Finance and Credit".
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Caregradskaya, Yuliya, Ol'ga Sobol', Lana Arzumanova, Natal'ya Orlova, Irina Petrova, Aleksandr Chernoverhskiy, and Tat'yana Romancova. International Financial Reporting Standards. ru: INFRA-M Academic Publishing LLC., 2022. http://dx.doi.org/10.12737/1897640.
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The textbook discloses the legal status and purpose of international financial reporting standards, defines the conceptual framework for the presentation of financial statements (financial statements), the composition of financial statements according to international standards, describes the disclosure of information about the assets of the organization, the reflection of financial results in accounting statements, the presentation of income tax information. Considerable attention is paid to the issue of preparation of financial statements by Russian organizations according to international standards.
For undergraduates, postgraduates, teachers of legal and economic educational organizations of higher professional education, heads of economic entities, auditors, practitioners, lawyers and entrepreneurs.
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International Financial Reporting Standards: As issued at 1 January 2014 ; this edition is published in two parts : The conceptual framework for financial reporting, the preface to international financial reporting standards (IFRSs) and the consolidated text of IFRSs including international accounting standards (IASs) and interpretations, as issued at 1 January 2014 ; (glossary of terms and index included). London: IFRS Foundation, 2014.
Find full textBook chapters on the topic "International Financial Reporting Standards (IFRS) Conceptual Framework"
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"Conceptual Framework." In 2014 Interpretation and Application of International Financial Reporting Standards, 29–36. Hoboken, NJ, USA: John Wiley & Sons, Inc, 2014. http://dx.doi.org/10.1002/9781118870372.ch2.
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"Conceptual Framework." In 2015 Interpretation and Application of International Financial Reporting Standards, 29–37. Hoboken, NJ, USA: John Wiley & Sons, Inc., 2015. http://dx.doi.org/10.1002/9781118889527.ch2.
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"Conceptual Framework." In Wiley 2016: Interpretation and Application of International Financial Reporting Standards, 27–40. Hoboken, New Jersey: John Wiley & Sons, Inc., 2016. http://dx.doi.org/10.1002/9781119254447.ch02.
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Carikci, Oguzhan, and Mahmut Sami Ozturk. "Developments in Earnings Management Practices in the IFRS Perspective." In International Financial Reporting Standards and New Directions in Earnings Management, 274–88. IGI Global, 2019. http://dx.doi.org/10.4018/978-1-5225-7817-8.ch013.
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Financial statements are an important tool when it comes to determining the level of success of a company's management and setting its market value. Nevertheless, company managers may sometimes try to reflect the company's financial results differently. Strategic methods, used by the company to deliberately change the earnings they gain by using the flexibility provided by the accounting system, are called earnings management practices. This chapter examines the examples of a public company that is traded on the Istanbul Stock Exchange for the purpose of determining earnings management practices under International Financial Reporting Standards (IFRS). Given the results of the study, it is possible to say from the earnings management practices that the company only benefited from those in the legal framework.
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Vidal-García, Javier, and Marta Vidal. "IFRS Harmonization and Foreign Direct Investment." In Foreign Direct Investments, 436–53. IGI Global, 2020. http://dx.doi.org/10.4018/978-1-7998-2448-0.ch018.
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IFRS refers to International Financial Reporting Standards, which are the guidelines that provide the framework for accounting works. The principles are also known as the International Accounting Standards (IAS). This global financial concept was first introduced in 2001 to equip investors with analyzed accounting statements. In this Chapter we review the relation between IFRS and Foreign Direct Investments (FDIs). We review the relevant literature that analyses the effects on IFRS on FDIs and cross-border acquisitions. The economic literature states that the introduction of IFRS has presented an important increase in FDIs. The evidence shows that IFRS adopting countries attract investments from countries that implemented IFRS and non-IFRS implementing countries.
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Carini, Cristian, and Claudio Teodori. "Reporting Entity in the Consolidated Financial Statements." In Advances in Electronic Government, Digital Divide, and Regional Development, 65–96. IGI Global, 2020. http://dx.doi.org/10.4018/978-1-7998-1385-9.ch003.
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Eurostat and EPSAS Expert Working Group are engaged to outline the suitability of International Public Sector Accounting Standards (IPSAS) in the process of the public sector accounting harmonisation. Part of the process is referred to the scope of the consolidated financial statements and the possible criteria to identify the public sector group's reporting entity, that is the boundaries of the group. This last point is of relevance as recalled by the recent EPSAS Conceptual Framework Reflection Paper, under which public sector reporting entities should provide financial report based on decision-making and accountability considerations. The chapter aims to contribute to the debate on consolidated financial statements both from the theoretical and empirical points of view.
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Edgar, Löw, and Vogt Kevin. "Part VI Reporting and Disclosures, 21 Applicable Accounting Principles, IFRS, Local GAAP, and Compatibility with Prudential Reporting." In Capital and Liquidity Requirements for European Banks. Oxford University Press, 2022. http://dx.doi.org/10.1093/law/9780198867319.003.0021.
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This chapter analyses the interdependencies, commonalities, and differences between accounting and regulatory requirements with regard to consolidation, the determination of own funds, and credit risk modelling under the International Financial Reporting Standards (IFRS 9) as well as within the Internal Ratings Based Approach. Parent institutions in a member state are supervised on a consolidated basis and are therefore in principle obliged to apply the CRR II framework on individual as well as consolidated basis. However, the scope of prudential consolidation may deviate from the IFRS or local-GAAP (General Accepted Accounting Principles) consolidation, as the prudential consolidation often narrows the circle of consolidated entities down to the entities relevant for prudential supervision, with the exclusion of ‘non-financial businesses’. The chapter then provides an answer to the question of the extent to which different accounting regulations under different accounting standards or the exercise of options have an impact on capital ratios. It also shows to what extent regulatory requirements encourage institutions to exercise accounting discretion or influence the exercise of options. Finally, the chapter assesses the extent to which supervisory regulations can be incorporated into the balance sheet in order to achieve a parallelism between accounting and supervisory law.
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Ormin, Koholga. "Are IFRS Adoption Benefits in Developing Countries a Time-Lag?" In Advances in Finance, Accounting, and Economics, 251–65. IGI Global, 2016. http://dx.doi.org/10.4018/978-1-4666-9876-5.ch012.
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The IFRS is a useful international financial reporting framework that ensures comparable and quality financial information disclosure. IFRS perceived benefits compare to local and regional accounting standards has led to its adoption and implementation by several countries around the globe. However, IFRS is argued to benefit the developed countries the most due to their strong market and institutional settings (He, Wong & Young, 2009). This paper critically explores the question of whether IFRS adoption benefits in a developing country such as Nigeria is time-lag. The paper is a library research thus inferences were drawn deductively base on previous works conducted in Nigeria and elsewhere on IFRS adoption. This approach was further complimented by the conduct of interview with three professional accountants in practice and two economics analysts. It was revealed and concluded that due to their weak market, institutional settings and other factors, a time-lag is necessary for Nigeria and indeed all other developing countries to fully maximise the benefits of IFRS adoption and implementation. Notwithstanding, the paper recommends that to fast track IFRS benefits, developing countries and Nigeria in particular, should overhaul capital market infrastructure and ensure a strong ethical and good corporate governance environment as well as strict compliance with IFRS requirements through increase monitoring and use of sanctions by regulators.