LICENÇAS DE EMISSÃO DE GASES DE EFEITO ESTUFA: TRANSPARÊNCIA DA INFORMAÇÃO FINANCEIRA

ABSTRACT This research analyzes the influence that the performance of GHG emissions has on the level of transparency in financial reporting. Content analysis of the financial statement notes allowed the level of transparency to be measured. The results suggest that the level of transparency in financial reporting is negatively related to the performance of GHG emissions when financial reports are prepared on the basis of the International Financial Reporting Standards. It was also concluded that more ‘good news’ is disclosed by companies when their GHG emissions’ performance reduces. This study complements previous literature about transparency in financial reporting, and the necessity to relate it to eco-efficiency measures to empower the decision-making process of stakeholders. The study also provides a reference for European accounting regulators on the behavior of companies with regard to this issue.

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How Does Local Adoption of IFRS for Those Countries That Modified IFRS by Design, Impair Comparability with Countries That Have Not Adapted IFRS?

Journal of International Accounting Research ◽

10.2308/jiar-51807 ◽

2017 ◽

Vol 16 (3) ◽

pp. 59-90 ◽

Cited By ~ 2

Author(s):

Elizabeth Felski

Keyword(s):

Financial Reporting ◽

Accounting Standards ◽

Financial Statements ◽

Financial Statement ◽

International Accounting Standards ◽

Reporting Standards ◽

Financial Reporting Standards ◽

Study Results ◽

Reporting Environment ◽

Proper Translation

ABSTRACT Global adoption of International Financial Reporting Standards (IFRS) is thought to increase financial statement reliability and comparability. Although IFRS is required or allowed in over 130 nations, some countries modify IFRS as issued by the International Accounting Standards Board (IASB). This study is designed to closely examine each country that modifies IFRS in an effort to determine whether these modifications impair financial statement comparability. First is that countries lack the resources to implement the newest version of IFRS or ensure proper translation of the standards. Second is that countries make specific changes to allow IFRS to better meet the needs of their financial reporting environment. I categorize the first set of countries as default countries and the second set as design countries. The study results in several interesting and useful contributions. First, I develop a new typology for future IFRS research that includes not only the locally adopted category, but also the default and design categories. Second, the details of how countries modify IFRS make it clear that differences can exist in financial statements prepared in different countries both using IFRS. The users must be careful to understand how comparability may be impacted by these modifications.

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Financial Reporting Standards: A Decision Making Perspective for Non-Accountants

10.4128/9781606493885 ◽

2012 ◽

Author(s):

David Doran

Keyword(s):

Decision Making ◽

Financial Reporting ◽

Reporting Standards ◽

Financial Reporting Standards

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Financial reporting standards' change and the efficiency measures of EU banks

International Review of Financial Analysis ◽

10.1016/j.irfa.2018.08.008 ◽

2018 ◽

Vol 59 ◽

pp. 223-233 ◽

Cited By ~ 3

Author(s):

Augustinos I. Dimitras ◽

Chrysovalantis Gaganis ◽

Fotios Pasiouras

Keyword(s):

Financial Reporting ◽

Reporting Standards ◽

Financial Reporting Standards ◽

Efficiency Measures

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A Study of Impact of IFRS Convergence in India on Debt–Equity Components of Financial Statements

Global Business Review ◽

10.1177/0972150920918468 ◽

2020 ◽

pp. 097215092091846

Author(s):

Saumya Jain ◽

Chandra Prakash Gupta

Keyword(s):

Decision Making ◽

Financial Reporting ◽

Financial Statements ◽

Annual Reports ◽

Practical Relevance ◽

Reporting Standards ◽

Financial Instruments ◽

Financial Reporting Standards ◽

Significant Difference ◽

The Impact

The present article analyses the impact of International Financial Reporting Standards (IFRS) convergence on financial statements in India. Our focus is on the most significant and challenging standard, that is, IND-AS (financial instruments). Our focus is on the most significant and challenging standard i.e IND-AS(Financial Instruments) and their impact on debt-equity classification brought about by the new standard(s). We analyse the annual reports of 30 listed entities having outstanding preference share capital for the years 2015–2016 and 2016–2017. We redefine the formulae of ratios most commonly used in loan agreements (popularly referred to as ‘debt covenants’) from lenders’ perspective and empirically examine the impact of IFRS convergence on the value of these ratios for the same financial year, that is, 2015–2016. Our results show that there is a significant difference in the value of ratios calculated using newly developed formulae and by applying the old formulae on new data. The study is the first of its kind to empirically examine the impact of IND-AS specifically standard relating to financial instruments on debt ratios in India. Our contribution to the literature is that we not only examine the impact on ratios on transition to IND-AS but also offer a solution as to how the users can mitigate this impact by making adjustments to the debt ratios taking into account the recognition, measurement and presentation changes brought about by IND-AS, so that they can apply our newly developed formulae directly on IND-AS statements and derive the same meaning and interpretation from the ratios as before retaining their practical usage. Thus, our study is of immediate practical relevance to lenders, credit managers and investors aiding their decision making.

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International Financial Reporting Standards and the quality of financial statement information

International Review of Financial Analysis ◽

10.1016/j.irfa.2010.02.004 ◽

2010 ◽

Vol 19 (3) ◽

pp. 193-204 ◽

Cited By ~ 92

Author(s):

George Iatridis

Keyword(s):

Financial Reporting ◽

Financial Statement ◽

International Financial Reporting Standards ◽

Reporting Standards ◽

Financial Reporting Standards

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DE JURE HARMONIZATION OF FINANCIAL REPORTING FOR LISTED COMPANIES: EVIDENCE FOR SELECTED CEE COUNTRIES

DIEM: Dubrovnik International Economic Meeting ◽

10.17818/diem/2021/1.14 ◽

2021 ◽

Vol 6 (1) ◽

pp. 137-146

Author(s):

Dijana Perkušić ◽

◽

Ivica Pervan

Keyword(s):

Financial Reporting ◽

Listed Companies ◽

Influential Factors ◽

Reporting Standards ◽

Regulatory Requirements ◽

Financial Reports ◽

Financial Reporting Standards ◽

Country Level ◽

Eu Integration ◽

The Eu

Globalization of business and free flow of capital resulted in strong demand for comparable financial reports worldwide. An important element of achieving de facto harmonization of financial reporting is de jure harmonization, i.e. harmonization of regulatory requirements on the country level. Although more than 100 countries have a requirement for use of IFRS (International Financial Reporting Standards) for listed companies, de facto harmonization is still an ongoing process. De facto harmonization is affected by many influential factors, among which de jure harmonization represents one of the most important factors. For the purpose of the study, the authors developed an index of de jure harmonization (IDJH) based on the EU regulatory framework and evaluated its value for 5 CEE countries (Croatia, Bosnia & Herzegovina, Montenegro, Slovenia and Serbia). Empirical findings reveal significant differences in de jure harmonization, related to the country's status in relation to EU integration processes. Keywords: de jure harmonization, financial reporting, CEE countries

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Penerapan IFRS Dan Pengaruhnya terhadap Keterlambatan Penyampaian Laporan Keuangan: Studi Empiris Perusahana Manufaktur di Bursa Efek Indonesia Periode Tahun 2008-2010

Binus Business Review ◽

10.21512/bbr.v3i2.1370 ◽

2012 ◽

Vol 3 (2) ◽

pp. 993

Author(s):

Stepvanny Margaretta ◽

Gatot Soepriyanto

Keyword(s):

Financial Reporting ◽

Firm Size ◽

Financial Statements ◽

Influential Factors ◽

Reporting Standards ◽

Public Accounting ◽

Financial Reports ◽

Audit Opinion ◽

Accounting Firm ◽

Financial Reporting Standards

There are several factors that affect the company's delay in submitting the financial statements are often referred to as Audit Delay, among others IFRS (International Financial Reporting Standards), firm size, profitability, size public accounting firm, audit opinion, and complexity. One factor that is quite prominent is the application of IFRS that have not been uniform across all companies in Indonesia. It could also lead to Audit Delay. Firm size theoretically means companies bigger scale required to submit financial reports on time. As for profitability, KAP size, and complexity of the audit opinion is also decent enough to be considered as one of the influential factors on Audit Delay. The results of this study indicate that the application of IFRS, profitability, size KAP, audit opinion, and complexity does not have a significant impact on the delay for submission of financial statements. Finaly, a factor that leads to significant effect of time delay submission of financial statements is the size of the company.

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International Financial Reporting Standards (IFRS) and Reporting Quality in Nigeria: An Assessment of Selected Quoted Firms

International Business and Accounting Research Journal ◽

10.15294/ibarj.v4i1.90 ◽

2020 ◽

Vol 4 (1) ◽

pp. 11

Author(s):

Aminu Abdullahi ◽

Musa Yelwa Abubakar

Keyword(s):

Financial Reporting ◽

Descriptive Analysis ◽

Secondary Data ◽

Reporting Quality ◽

Reporting Standards ◽

Financial Reports ◽

Information Reduction ◽

Financial Reporting Standards ◽

Ifrs Adoption ◽

Audit Firms

This study investigates the effect of IFRS adoption on reporting quality in Nigeria. Secondary data were sourced from financial reports of a sample of 79 quoted Nigerian firms, with the help of Nimegen Centre for Economics (NiCE) qualitative reporting index for reporting quality. The study covered a period of 10 years, i.e. 2007 to 2011 as SAS regime and 2012 to 2016 IFRS regime. ANOVA test and descriptive analysis, were utilised for the analysis. The study concludes that, IFRS adoption has made significant positive difference in the extent of reporting quality. It is recommended that Nigerian firms should adopt appropriate measures to improve the level of relevance, comparability and verifiability of their financial reports through provision of more forward looking information, reduction in the use of technical jargons and appointment of more reputable audit firms.

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Factors Influencing the Extent of Corporate Compliance with International Financial Reporting Standards in South Africa

Asian Economic and Financial Review ◽

10.18488/journal.aefr.2021.1112.965.984 ◽

2021 ◽

Vol 11 (12) ◽

pp. 965-984

Author(s):

Unity Maqeda Putsai ◽

Msizi Mkhize

Keyword(s):

South Africa ◽

Financial Reporting ◽

Stock Exchange ◽

International Financial Reporting Standards ◽

Reporting Standards ◽

Financial Reports ◽

Listed Firms ◽

Financial Reporting Standards ◽

Johannesburg Stock Exchange ◽

Compliance Level

The main objective of this study is to investigate the effects of company attributes on compliance with International Financial Reporting Standards (IFRS). The study used a sample of 46 listed companies on the Johannesburg Stock Exchange (JSE) covering the period from 1993 to 2017. With an average compliance level of 88.21304, it is concluded that South Africa’s listed firms have significantly complied with IFRS 1. Using panel data to analyze the effects of company attributes, size and leverage have a significant positive effect on IFRS 1 compliance. On the other hand, the coefficients of Earnings Per Share (EPS) and Return on Total Assets (ROTA) are negative and significant. This similarly implies that ROTA and EPS are important factors driving the compliance level of the companies in South Africa with the IFRS 1 disclosure. EPS and ROTA also exhibit an inverse relationship with the compliance level. Carrying out a longitudinal study helps to produce more recent evidence on the quality of IFRS financial reports in South Africa. The outcome of the study is beneficial to international literature as it provides enough evidence on the benefits of adopting IFRS adoption.

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