Other comprehensive income reporting and earnings management: evidence from China

This article compares and analyzes the distinguish between the accounting standards for enterprises in our country about other comprehensive income reporting and disclosure of financial accounting standards from the IAS (International Accounting Standards) and the FASB in the United States, through four aspects as the meaning of other comprehensive income, the concrete content and accounting, presentation and disclosure.

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Comprehensive Income: Components and IFRS Reporting

Auditor ◽

10.12737/article_58f8b2f6179593.74207006 ◽

2017 ◽

Vol 3 (3) ◽

pp. 36-40

Author(s):

�� ◽

L. Shmarova

Keyword(s):

Reporting Standards ◽

Comprehensive Income ◽

Other Comprehensive Income ◽

Income Reporting ◽

A Company

This paper gives an overview of the international fi nancial reporting standards requirements for companies� comprehensive income reporting, examines the existing approaches to the interpretation of the �comprehensive income� term, analyzes possible options of the comprehensive income reporting, as well as gives attention to discussions in relation to the possible reclassifi cation of other comprehensive income components to profi t or loss statement of a company.

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Comprehensive Income Reporting and Earnings Management

AFEBI Accounting Review ◽

10.47312/aar.v1i01.23 ◽

2017 ◽

Vol 1 (01) ◽

pp. 12

Author(s):

Runita Arum Kanti

Keyword(s):

Earnings Management ◽

Financial Reporting ◽

Interaction Effect ◽

Design Methodology ◽

Discretionary Accruals ◽

Reporting Standards ◽

Negatively Associated ◽

Financial Reporting Standards ◽

Comprehensive Income ◽

Income Reporting

Purpose. This paper aims to identify the association between comprehensive income reporting and earnings management. More specifically, this study examines whether the implementation of comprehensive income reporting regulations, namely SFAS 130 and ASU 2011-05 is associated with a decrease in earnings management. Design/ methodology. Data for all variables is retrieved from Compustat Global for a nine-year sample of 7962 US firms reporting under International Financial Reporting Standards (IFRS) that provide all the necessary data to conduct the study. The Modified Jones Model is used as a proxy to measure earnings management. Comprehensive income figures are retrieved from Compustat. Recalculated (as-if) numbers are used for firm years prior to the implementation of SFAS 130. While as-reported amounts are used for the years where SFAS 130 has been implemented and also the years during the implementation of ASU 2011-05. Findings. Comprehensive income is found to be significantly negatively associated with earnings management through discretionary accruals. Furthermore, the interaction effects indicate that, after the implementation of SFAS 130 and ASU 2011-05, comprehensive income becomesmore negatively associated with discretionary accruals. Relevance. Other than contributing to the growing literature regarding the usefulness of comprehensive income reporting, this research has implications for the FASB in assessing whether they achieved the target of better comprehensive income reporting. Key words: Comprehensive Income, Earnings management, Interaction effect, Reporting Regulations, SFAS 130, ASU 2011-05.

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Academic Research and Standard-Setting: The Case of Other Comprehensive Income

Accounting Horizons ◽

10.2308/acch-50237 ◽

2012 ◽

Vol 26 (4) ◽

pp. 789-815 ◽

Cited By ~ 46

Author(s):

Lynn L. Rees ◽

Philip B. Shane

Keyword(s):

Academic Research ◽

Accounting Standards ◽

Standard Setting ◽

Net Income ◽

Financial Accounting Standards Board ◽

Comprehensive Income ◽

Other Comprehensive Income ◽

Income Reporting ◽

Definition Of ◽

Accounting Standard Setting

SYNOPSIS: This paper links academic accounting research on comprehensive income reporting with the accounting standard-setting efforts of the Financial Accounting Standards Board (FASB) and the International Accounting Standards Board (IASB). We begin by discussing the development of reporting other comprehensive income, and we identify a significant weakness in the FASB's Conceptual Framework, in the lack of a cohesive definition of any subcategory of comprehensive income, including earnings. We identify several attributes that could help allocate comprehensive income between net income, other comprehensive income, and other subcategories. We then review academic research related to remaining standard-setting issues, and identify gaps in academic research where hypotheses could be developed and tested. Our objectives are to (1) stimulate standard-setters to better conceptualize what is meant by other comprehensive income and to distinguish it from earnings, and (2) stimulate researchers to develop and test hypotheses that might help in that process.

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A Study on the Fair Value Hierarchy Information of Financial Instruments and Earnings Management : Focused on Other Comprehensive Income

Accounting Information Review ◽

10.29189/kaiaair.37.1.5 ◽

2019 ◽

Vol 37 (1) ◽

pp. 111-139

Author(s):

Changho Kim ◽

Yong Shik Kim

Keyword(s):

Earnings Management ◽

Fair Value ◽

Financial Instruments ◽

Comprehensive Income ◽

Other Comprehensive Income ◽

Value Hierarchy

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Transparency of Fair Value Accounting and Tax

The Oxford Handbook of Economic and Institutional Transparency ◽

10.1093/oxfordhb/9780199917693.013.0023 ◽

2014 ◽

pp. 476-494

Author(s):

Eva Eberhartinger ◽

Soojin Lee

Keyword(s):

Earnings Management ◽

Financial Reporting ◽

Accounting Standards ◽

Fair Value ◽

Reporting Standards ◽

Fair Value Accounting ◽

Financial Reporting Standards ◽

Comprehensive Income ◽

Accounting Measurement ◽

Other Comprehensive Income

This chapter examines transparency in fair value accounting (measurement, presentation, additional disclosure), with special emphasis on tax disclosure and on the presentation of fair values in the statement of other comprehensive income. After considering the international relevance of the International Financial Reporting Standards, the chapter discusses fair value accounting in the context of accounting standards. It then reviews prior research to determine whether fair value accounting adds to accounting transparency. It also looks at the measurement and presentation of the transparency of fair value accounting based on relevance and reliability, along with issues of earnings management and procyclical effects.

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