scholarly journals Accounting and Financial Reporting Guidelines for Small and Medium-sized Enterprises (SMEGA) – Level 3 guidance

2011 ◽  
pp. 77-88
Author(s):  
Keyword(s):  
Financial Reporting ◽  
Reporting Guidelines ◽  
Level 3

Non-Financial Reporting Initiatives

2017 ◽  
pp. 10-15
Keyword(s):  
South Africa ◽  
Financial Reporting ◽  
Financial Sector ◽  
Initial Step ◽  
Reporting Guidelines ◽  
Macro Level ◽  
Corporate Reporting ◽  
Specific Regulation ◽  
The Revolution

This section of our book explains the main non-financial reporting initiatives. From reporting schemes (developed at micro or macro level, or even global reporting guidelines), to specific regulation in France, USA, Denmark, Sweden, South Africa, the first reporting initiatives on non-financial sector were meant to contribute to the development of corporate reporting field, being an initial step in the revolution of IR.

scholarly journals Pricing of fair value instruments reported under International Financial Reporting Standards 7: South African setting

2019 ◽  
Vol 22 (1) ◽  
Author(s):  
Hopewell Hlatshwayo ◽  
Mbalenhle Zulu
Keyword(s):  
Financial Reporting ◽  
Fair Value ◽  
International Financial Reporting Standards ◽  
Reporting Standards ◽  
Market Pricing ◽  
Financial Reporting Standards ◽  
Ifrs 7 ◽  
Level 3 ◽  
Equity Ratio ◽  
Level 1

Background: Prior literature established that different fair value levels disclosed in terms of the International Financial Reporting Standards (IFRS) 7 are value relevant.Setting: This study investigates the market pricing of the different fair value levels, as well as the market reaction towards the fair value hierarchy levels reported in terms of IFRS 7.Aim: Prior research found inconsistencies in the market pricing of fair value levels. This study seeks to contribute to this debate. It also focuses on the period after comprehensive guidance on how to measure fair value levels was issued.Methods: Data from 2009 to 2015 were collected from the financial sector companies listed on the Johannesburg Stock Exchange. The study uses the statement of financial position and the Ohlson model to investigate the market pricing of the different fair value levels disclosed in terms of IFRS 7.Results: The results of the study show that the fair value of assets level 1, 2 and 3, as well as the fair value of liabilities level 3 are value relevant while the fair value of liabilities level 1 and 2 are not value relevant. Furthermore, the market pricing of level 2 and 3 fair value assets and liabilities is not lower for companies with a high debt equity ratio than for companies with a low debt equity ratio. The results further reveal that the pricing of level 3 assets improved with the introduction of IFRS 13 and post the 2008 financial crisis.Conclusion: Fair value assets across different hierarchy levels are value relevant. On the contrary, fair value liabilities are priced differently across the different hierarchy levels.

scholarly journals How integrated is Integrated Reporting? From a Malaysian Perspective

2021 ◽  
Vol 1 (1) ◽  
pp. 17
Author(s):  
Benedict Valentine Arulanandam ◽  
Yan Ran Lee
Keyword(s):  
Financial Reporting ◽  
Common Ground ◽  
Stock Exchange ◽  
Listed Companies ◽  
Reporting Guidelines ◽  
Integrated Reporting ◽  
Iso 26000 ◽  
Standards And Guidelines ◽  
International Integrated Reporting Council ◽  
Asset Size

The lack of coherence, transparency and accountability in traditional financial reporting, led the International Integrated Reporting Council (IIRC) to developed Integrated Reporting (IR) in 2010.  This study draws the attention towards the top 50 public listed companies listed in Malaysian Stock Exchange as per asset size, and their fulfilment towards voluntary IR disclosures. This study is also conducted to examine the organisational characteristics that foster the IR initiative. Most of the Malaysian PLCs are complied with ISO 26000 standards and GRI G4 guidelines. The compliance of these both standards and guidelines are contributing to the adoption of IR as there are all inter-related. A comparison has been made among ISO 26000, GRI G4 and IR framework to develop a common ground for the non-financial reporting frameworks and guidelines. This study is qualitative and descriptive in nature. The findings reveal that although there were traces of the fulfilment of all requirements with regard to ISO 26000, which was 32% and GRI and IR was 12% respectively, there were much to be done to encourage PLCs to incorporate such reporting guidelines.  It was also found that, government-linked companies have greater fulfilment of these requirements.

scholarly journals Fair value hierarchy asset valuation. Does it have any predictive power? An international research on the insurance sector

2017 ◽  
Vol 14 (3) ◽  
pp. 364-376 ◽  
Author(s):  
Marco Tutino ◽  
Marco Pompili
Keyword(s):  
Financial Reporting ◽  
Fair Value ◽  
Insurance Companies ◽  
Financial Assets ◽  
Net Income ◽  
Market Capitalization ◽  
The Us ◽  
Level 3 ◽  
Value Hierarchy ◽  
Different Levels

The objective of the work is to identify any significant relationships between different levels of fair value hierarchy for the valuation of financial assets and two main variables: market capitalization and net income. We considered a sample of 506 insurance companies in two main areas –in the US and in Europe - all listed between 2013 and 2008. Results confirm the hypothesis of correlation between fair value hierarchy adopted in assessing the asset value and market capitalization of the companies, consistently with previous results of Laghi et al. (2012). Moreover, introducing the market-to-book ratio, results show a problem of undervaluation for insurance companies with a relatively larger amount of Level 2 and Level 3 financial assets than Level 1 assets. Nevertheless, results for companies listed in European markets do not provide strong evidence. Moreover, the relationship between different levels of fair value assets and net income is confirmed for the US market but not strongly enough for European companies to consider Level 3 as anti-cyclical instruments for financial reporting. The research results can be useful in helping investors to assess the impact of fair value hierarchy practice on financial reporting of insurance companies. However, a limitation of the analysis is represented by the use of aggregate data for each class of fair value asset, without considering the specific impact related of composition of each category of financial asset evaluated with fair value hierarchy in financial portfolios.

Anwendung des 10-Gruppenklassifikationssystems nach Robson für den Vergleich eines Perinatalzentrums Level 1 mit einem Level-3-Zentrum

2020 ◽  
Author(s):  
C Pulvermacher ◽  
P van de Vondel ◽  
L Gerzen ◽  
U Gembruch ◽  
W Merz
Keyword(s):  
Level 3 ◽  
Level 1

Technical textiles for protection against Arc-flash fire: Savesplash®

2020 ◽  
pp. 67-78
Author(s):  
Nandan Kumar ◽  
Sainath Shrikant Pawaskar
Keyword(s):  
Attenuation Factor ◽  
Threshold Energy ◽  
Single Layer ◽  
Weather Conditions ◽  
Electric Arc ◽  
Risk Category ◽  
Technical Textiles ◽  
Flash Fire ◽  
Level 3 ◽  
Arc Flash

Flash fire caused by electric arc is different than that caused by flammable liquids/fumes or combustible dusts. A suitable protective clothing for protection against electric arc-flash must be designed as per Indian weather conditions. Currently available garments are manufactured using two or three layers of woven/nonwoven combinations to achieve higher Hazard Risk Category (HRC) rating (level 3 and above). However, they are heavy and not comfortable to the end users. Savesplash® is a single layer inherent flame-retardant knitted fabric. Its arc rating was determined using ASTM standards. It achieved arc thermal performance value (ATPV) of 41 cal/cm2, breakopen threshold energy (E_BT) of 42 cal/cm2 and heat attenuation factor (HAF) of 94% when tested as per ASTM F1959/F1959M-14 which translated into an arc rating of 41 cal/cm2. This is equivalent to HRC level 4 ratings as per National Fire Protection Association’s NFPA 70E standard (USA). Further, cut and sewn gloves (HM-100) developed using Savesplash® fabric reinforced with leather on palm area achieved ATPV of 63 cal/cm2 and HAF of 94.5% when tested as per ASTM F2675/F2675M-13.

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