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IFRS adoption around the world - a brief literature review

RUSU, Alina - In: Anale. Seria Stiinte Economice. Timisoara XVIII (2012) May, pp. 811-818

Our paper aims to provide an updated description of the process of IFRS adoption in the E.U. and worldwide, pointing out its effects on the information presented in financial statements, on the markets efficiency and on the accounting harmonization. In order to achieve our goal, we have analyzed...

Persistent link: https://www.econbiz.de/10010641512

The presentation of the capital in financial statements. The concept of maintaining capital

GRECEA, Annee-Marie - In: Anale. Seria Stiinte Economice. Timisoara XVIII (2012) May, pp. 703-706

The general framework of preparation and presentation of the financial statements as the national legislation, formulates a residual definitionof equity, respectively the right of the shareholders on the assets of anentity after deducting all debts. Thus equity represent the equivalentvalue of...

Persistent link: https://www.econbiz.de/10010641591

Financial Statements not Required

Minnis, Michael; Sutherland, Andrew; Vetter, Felix - 2023

Using a dataset covering 3 million commercial borrower financial statements, we document a substantial, nearly monotonic decline in banks’ use of attested financial statements (AFS) in lending over the past two decades. Two market forces help explain this trend. First, technological advances...

Persistent link: https://www.econbiz.de/10014348965

THE QUALITY OF ACCOUNTING DATA – AN ABSOLUTE REQUIREMENT

Diana, Cozma Ighian - In: Annals of Faculty of Economics 3 (2009) 1, pp. 855-859

The large variety of uses that accounting products take, as well as their wide range of informational needs require that certain criteria be established, with regards to the quality of accounting data, and these criteria must be fully met. The concept of

Persistent link: https://www.econbiz.de/10008511847

Transparency in Financial Statements (IAS/IFRS)

Lepadatu, Gheorghe V.; Pirnau, Mironela - In: European Research Studies Journal XII (2009) 1, pp. 101-108

The provision of transparent and useful information on market partici-pants and their transaction is essential for an orderly and efficient market, and it is one of the most important preconditions for imposing market discipline. Left to themselves, markets may not generate sufficient levels of...

Persistent link: https://www.econbiz.de/10008515013

Résultat et performance financière en normes IFRS : quel est le contenu informatif du comprehensive income ?.

Ramond, Olivier; Casta, Jean-François; Batsch, Laurent - Université Paris-Dauphine - 2007

L'IASB et le FASB ont formé, en 2003, un groupe de travail commun en vue de faire avancer le projet de création de normes de reporting de la performance financière. Intitulé à l'origine « Performance Reporting » et se référant à une conception étendue du résultat -- le comprehensive...

Persistent link: https://www.econbiz.de/10008532513

THE ANNUAL REPORTS AND FINANCIAL DECISIONS

Berheci, Maria - In: Annales Universitatis Apulensis Series Oeconomica 1 (2008) 10, pp. 17-17

Although one may say that the components of financial statements maybe considered autonomous and independent elements, the whole accountingprocessing procedure ends with a set of financial statements that are closelyinterconnected from the information viewpoint. Therefore, the earnings are shown...

Persistent link: https://www.econbiz.de/10005001877

Why do firms opt for Alternative-Format Financial Statements ? Some Evidence from France

DING, Yuan; JEANJEAN, Thomas; STOLOWY, Hervé - HEC Paris (École des Hautes Études Commerciales) - 2005

Historically, the format of financial statements has varied from one country to another. Recently, due to the attractiveness of their capital markets, the strength of their accounting professions and the influence of their institutional investors, Anglo-American countries have seen the impact of...

Persistent link: https://www.econbiz.de/10005011638

Institution-specific value

Peasnell, Ken - Bank for International Settlements (BIS) - 2006

measurement error is more complicated as it can be related to whether valuations refer to exit value, as postulated by the IASB …, or deprival value, which is more closely related to firm-specific valuation. Measurement error is magnified in the income … and makes the systematic application of fair value accounting fraud with difficulty there, would seem to be much more …

Persistent link: https://www.econbiz.de/10005063343

Financial Reporting and Supplemental Voluntary Disclosures.

Bagnoli, Mark; Watts, Susan G. - Krannert School of Management, Purdue University - 2006

Using a Verreccia [1983]-type model, we study the optimal voluntary disclosure strategy of a manager with private information that helps the market interpret financial information the firm is required to report. In equilibrium, the manager’s disclosure strategy enhances upward or mitigates...

Persistent link: https://www.econbiz.de/10005739811