scholarly journals International Financial Reporting Standard Adoption: How Does It Happened?

2020 ◽  
Vol 10 (3) ◽  
Author(s):  
Roekhudin Roekhudin
Keyword(s):  
Financial Reporting ◽  
Reporting Standard ◽  
International Financial Reporting Standard ◽  
Independent Variables ◽  
Financial Reporting Standards ◽  
Regression Test ◽  
Literature Evidence ◽  
Voluntary Adoption ◽  
The Relationship ◽  
Logistic Regression Test

This study aims to investigate the determinants of the state’s voluntary adoption of international financial reporting standards (IFRS). The sample consisted of 120 countries that have adopted IFRS voluntarily based on the data released by IAS plus in 2019. The rate of IFRS adoption is measured using an interval scale based Deloyd’s criteria. The independent variables included economic growth, level of openness, education level, legal system, political factor and cultural factor with the corruption control as the moderating variable. The multinominal logistic regression test shows that all independent variables can determine the level of the state’s voluntary adoption of IFRS and the level of corruption control can moderate the relationship. The results of this study provide additional contributions to the literature evidence related to studies of IFRS voluntary adoption. In addition, this study is also able to accommodate a variety of complex factors with various economic, social, cultural and legal perspectives at the level of Jurisdictions.

scholarly journals CASE STUDY OF THE ORIGIN AND THE EVOLUTION OF ACCOUNTING SYSTEMS REGARDING TO THE HARMONIZATION OF INTERNATIONAL FINANCIAL REPORTING STANDARDS (IFRS) IN JORDAN AND ROMANIA

2021 ◽  
Vol 30 (30 (1)) ◽  
pp. 156-163
Author(s):  
Omar Alhato ◽  
Alexandra Botos
Keyword(s):  
Middle East ◽  
Financial Reporting ◽  
International Financial Reporting Standards ◽  
Reporting Standards ◽  
The European Union ◽  
Reporting Standard ◽  
International Financial Reporting Standard ◽  
Accounting Systems ◽  
Financial Reporting Standards ◽  
Middle East Countries

It is valuable to take note that the majority of financial reporting pundits are in agreement that the financial reporting system of a country depends on several factors that include the legal, economic, and cultural background; The development of tasks performed by accounting is persistently inspired by needs of practice. It is clear of that accounting schemes play an essential role in the market economy, particularly in face of globalization of capital markets, where increasing need for comparable, transparent financial statements for the companies. Rather, it is proposed to present information that is used in making reasoned options amongst alternative uses of limited resources in the conduct of business and economic activities. The present paper discusses the possibilities to improve the accounting policies and procedures in Jordan and other Middle East countries in accordance with commitment of the International Financial Reporting Standards (IFRS). Throughout this study we used a qualitative approach, to outline an overview of the history of financial reporting and its evolution from the origin, to the growth and development of accounting systems by studying a considerable amount of bibliographic material, using different textbooks and journals on accounting theories but also public information presented by the accounting organisations and the government of the two analysed countries. Furthermore, the paper reviewed the achievements made in the convergence of International Financial Reporting Standards (IFRS), in the Middle East countries, in Jordanian context and in the European Union, specifically the case of Romania. International financial reporting standard (IFRS) implementation in Jordan has departed through several transitional phases wile in our previous work we noticed that Romania can be considered a benchmark of high degree convergence to IFRS.

scholarly journals HUBUNGAN SANITASI RUMAH DENGAN KEJADIAN PENYAKIT TUBERKULOSIS (TB) DI KECAMATAN KUTA

2017 ◽  
Vol 11 (1) ◽  
pp. 55
Author(s):  
I Made Mudana ◽  
Nyoman Adiputra ◽  
I.B.G. Pujaastawa
Keyword(s):  
Disease Incidence ◽  
Control Group ◽  
Case Group ◽  
Residential Density ◽  
Independent Variables ◽  
Regression Test ◽  
House Floor ◽  
Relationship Of ◽  
The Relationship ◽  
Logistic Regression Test

RELATIONSHIP HOUSING SANITATION WITH TUBERCULOSIS DISEASES (TB) INCIDENCE IN KUTA DISTRICTOne of the endemic infectious diseases occured in the community is tuberculosis (TB). The World Health Organization (WHO) estimated about one third of the world's population has been infected by the bacteria mycobacterium tuberculosis. Badung regency as one of the districts in the province of Bali also having cases of tuberculosis. From the report Badung Health Agency in 2015 was recorded 275 TB patients. From 6 districts in Badung district, subdistrict of Kuta occupy the highest number of cases recorded 100 patients. tuberculosis is closely related to homes sanitation that do not meet health requirements. The purpose of this study was to determine the relationship of home sanitation with disease incidence of tuberculosis in the district of Kuta. Based on the type of research is observational analytic, design research is a case control studies linking ie risk factors. (Home sanitation) with TB disease events, by comparing the case group and the control group. The population in this study are patients with TB BTA (+) were treated working area Puskesmas Kuta I and Puskesmas Kuta II sanitation as well as his home. The number of samples in this study was 60 consisting of the case group and the control group. How sampling is the total population of TB patients in the last 3 months of 2015 as well as sanitary home. Data collected from interviews, observations and measurements and then analyzed using chi square and followed by multiple logistic regression test. From the statistic test bivariate home sanitation  with tuberculosis disease incidence 6 variables showed that: (1) lighting p = 0,00 (p< 0,05) OR = 21, (2) humidity p = 0,00 (p< 0,05) OR = 21,36 , (3) ventilation p = 0,00 (p< 0,05)OR = 11, (4) the walls of the house p = 0,00 (p< 0,05) OR = 8,64, (5) density residential home p = 0,00 (p<0,05) OR = 16,43 and (6) house floor p = 0,22 (p>0,05) OR = 2,143. To determine the relationship of all independent variables simultaneously multivariate analysis with multiple logistic regression test. Based on the results obtained that there are three independent variables significantly related (p<0,05) with the dependent variable is the humidity (OR = 19,158, 95% CI 3,171 –115,751), ventilation (OR = 6,408, 95% CI = 1,199 to 34,236), residential density (OR = 13,342, 95% CI = 2,261 – 78,733). Probability of people who occupy the house with sanitation (Humidity, Ventilation and Residential density) in the district of Kuta to contract tuberculosis (TB) is 97,08%. Based on these results, we can conclude that from the test bivariate (6 variables) are: lighting, humidity, ventilation, walls of houses, residential density and house floor associated with the incidence of tuberculosis in the district of Kuta. While the advice may be given to: (1). people who live in the district of Kuta in order to build or occupy a dwelling house to take into account the standard of sanitation and healthy home. (2). Government / agencies in order to provide guidance to the public in order to build houses of spatial attention and care homes that meet health requirements so that people who lived in the house to feel safe, comfortable, and avoid the disease especially those stemming from poor sanitation home.

Real Effects of Intangibles Capitalization—Empirical Evidence from Voluntary IFRS Adoption in Japan

2020 ◽  
Vol 19 (3) ◽  
pp. 19-36
Author(s):  
Yoshiaki Amano
Keyword(s):  
Financial Reporting ◽  
Intangible Assets ◽  
Intangible Asset ◽  
Generally Accepted Accounting Principles ◽  
Financial Reporting Standards ◽  
Real Effects ◽  
Ifrs Adoption ◽  
Intangible Investments ◽  
Voluntary Adoption ◽  
The Relationship

ABSTRACT This study examines how firm behaviors are affected by the voluntary adoption of International Financial Reporting Standards (IFRS) in Japan, which has expanded the scope for the capitalization of intangible assets compared with the Japanese Generally Accepted Accounting Principles. Prior research suggests that capitalization of intangibles is preferred by firms with larger intangibles and that it enables them to increase intangible investments. Using empirical data from Japanese IFRS adopters, this study analyzes the relationship between firms' intangible asset amounts and their voluntary adoption of IFRS. The results show that (1) the more intangibles firms possess, the more likely they are to adopt IFRS, and (2) once firms decide to adopt IFRS, their intangible assets increase compared with matched non-adopters. Additional analysis shows that this increase is partly attributable to an increased volume and value of mergers and acquisitions after IFRS adoption, suggesting that the real actions of the adopters changed.

International Financial Reporting Standards and Value Relevance of Accounting Information: A Mult-Institutional Perspectives from Nigeria Quoted Firms

2018 ◽  
Vol 2 (2) ◽  
pp. 1-14
Author(s):  
Davies Stanley Diepiriye
Keyword(s):  
Financial Reporting ◽  
Oil And Gas ◽  
Value Relevance ◽  
Accounting Information ◽  
International Financial Reporting Standards ◽  
Reporting Standards ◽  
Reporting Standard ◽  
International Financial Reporting Standard ◽  
Financial Reporting Standards ◽  
Oil And Gas Firms

This study examined the effect of International Financial Reporting Standards on value relevance of accounting information of quoted firms in Nigeria. The objective is to examine if International Financial Reporting Standards affect value relevance of accounting information. The study focus on the commercial banks, manufacturing firms, insurance, government agencies and the oil and gas firms, questionnaires were structured and administered to accountants and finance managers. The data analyses adopted was the simple percentages and correlation coefficient. The results found a coefficient of 85.1 %, R2   and adjusted R2   of 60.3% and 51.4 %. We conclude that there is significant relationship between International Financial Reporting Standard and value relevance of accounting information   of quoted firms in Nigeria. We therefore recommend full compliance to the International Financial Reporting Standard, audit firms should adopt fully the International Financial Reporting Standard and Nigerian accounting bodies such as Institute of Chartered Accountants of Nigeria and Association of National Accountants of Nigeria should endeavor to encourage the auditing firms on the relevance of adopting International Financial Reporting Standard.

scholarly journals INTERNATIONAL FINANCIAL REPORTING STANDARDS FOR SMALL AND MEDIUM ENTERPRISE (IFRS FOR SMES) AND THE STATEMENT OF ACCOUNTING STANDARDS (SAS): A COMPARATIVE STUDY

2016 ◽  
Vol 1 (3) ◽  
pp. 79
Author(s):  
Muotolu Peace Chikwemma ◽  
Egungwu Ngozi Ursula ◽  
Anichebe Alphonsus Sunday
Keyword(s):  
Financial Reporting ◽  
Small Firms ◽  
Small And Medium Enterprises ◽  
Accounting Standards ◽  
Reporting Standard ◽  
International Financial Reporting Standard ◽  
Financial Reporting Standards ◽  
Entrepreneurial Spirit ◽  
Medium Enterprise ◽  
Medium Enterprises

Purpose: Micro, small and medium-sized enterprises (SME) are the engines that propel the world economy; they are essential sources of jobs, they create entrepreneurial spirit and innovation in the economy and are thus crucial for fostering competitiveness and creativity. The objective of this study therefore, is to ascertain the need for International Financial Reporting Standard for Small and Medium Enterprises (IFRS for SMEs) instead of Statement of Accounting Standards (SAS), to ascertain the extent to which IFRS aids managements in attaining goals and objectives as well as improving its market share and to ascertain the challenges for Non-compliance (causes and penalties) with international financial reporting standard for Small and Medium Enterprises.Methodology: Analysis of variance (ANOVA) was used to test hypothesis.Results: The findings were; a major factor why IFRS is adopted by Nigeria is because other countries have adopted it, the size of entities to participate in IFRS for SMES varies, adopting a globally accepted financial reporting is relevant to small firms as they operate in a globalized world.Policy recommendation: This study recommends that the IASB should ensure full implementation/compliance of IFRS for SME by companies that fall under that category, the cost of acquiring IFRS education should also be subsidized for small firms by major accounting regulatory bodies in Nigeria.

scholarly journals Compatibility of the IFRS for Small and Medium-sized Entities and the new EU-Accounting Directive

2015 ◽  
Vol 63 (6) ◽  
pp. 1945-1951 ◽  
Author(s):  
Gerrit Kaufhold
Keyword(s):  
European Union ◽  
Financial Reporting ◽  
Accounting Standards ◽  
International Accounting Standards ◽  
The European Union ◽  
Reporting Standard ◽  
International Financial Reporting Standard ◽  
Member States ◽  
Financial Reporting Standards ◽  
Accounting Principles

The new EU-Accounting Directive of 26 June 2013 (DIRECTIVE 2013/34/EU) has the intention to harmonize the accounting and financial reporting of enterprises in the European Union. “Think small first” is the central principle in the new EU-Accounting Directive and the new regulations have to be adopted in the laws of European member states by 20 July 2015. The International Financial Reporting Standard for Small and Medium-sized Entities (IFRS for SMEs) was published in 2009 by the International Accounting Standards Board (IASB). The IASB intended to create simplified international financial reporting standards for the special needs of smaller and medium-sized enterprise. The IASB completed in May 2015 a comprehensive review of the IFRS for SMEs and made amendments to the Standard. The revised version of the IFRS for SMEs will be issued in the last quarter of 2015. The aim of the paper is to analyze the compatibility of the IFRS for SMEs and the new EU- Accounting Directive and the problems in connection with the harmonization of the European accounting legislation especially in Germany. Based on the results of the research most of the former incompatibilities could be removed, but the remaining complexity of the IFRS for SMEs and the lack of an option for the member states to adopt the IFRS for SMEs as an accounting and reporting standard besides or instead their local accounting principles will prevent the wide use of the IFRS for SMEs in Germany and in other member states of the European Union.

scholarly journals PROCEDURES FOR PREPARATION OF CONSOLIDATED FINANCIAL STATEMENTS

2021 ◽  
pp. 217-226
Author(s):  
Лэйля Камаровна Мусипова
Keyword(s):  
Financial Reporting ◽  
Financial Statements ◽  
Reporting Standards ◽  
Consolidated Financial Statements ◽  
Reporting Standard ◽  
International Financial Reporting Standard ◽  
Financial Reports ◽  
Financial Reporting Standards ◽  
Business Structures ◽  
Performance Results

Помимо обычной финансовой отчетности некоторые предприятия Казахстана обязаны формировать и предоставлять консолидированную финансовую отчетность согласно требованиям международных стандартов финансовой отчетности. Статья посвящена особенностям составления и представления консолидированной отчетности в соответствии с международным стандартом финансовой отчетности 10 (IFRS) «Консолидированная финансовая отчетность». Целью исследования является рассмотреть понятие консолидированной отчетности, требования по ее составлению, порядок формирования и провести анализ потребность в составлении и представлении консолидированной финансовой отчетности. Наряду с этим представлена практика полной консолидации на условном примере с учетом требований международных стандартов финансовой отчетности, а также проблемы, с которыми сталкиваются представители бизнес-структур при формировании и представлении консолидированной финансовой отчетности. Научная новизна полученных результатов заключается в разработке приемов и методов составления и совершенствования консолидированной отчетности, которая позволит преодолеть сложности при формировании результатов деятельности за определенный отчетный период группы в целом. Along with the standard financial reports, some enterprises in Kazakhstan are required to form and submit consolidated financial reports in accordance with the requirements of international financial reporting standards. The article is devoted to the peculiarities of creating and presenting consolidated financial reports in accordance with International Financial Reporting Standard 10 (IFRS) «Consolidated Financial Reporting». The aim of the study is to examine the concept of consolidated financial statements, the requirements for its formation, and the analysis of the need for the preparation and presentation of consolidated financial statements. In addition, the practice of full consolidation was studied and presented on the example of all the consolidation requirements of IFRS 10 (IFRS) «Consolidated Financial Reporting», as well as various issues business structures deal with during the process of formation and presentation of consolidated financial statements. The scientific novelty of the results obtained is the development of techniques and methods for the preparation and improvement of consolidated reporting, which makes it possible to overcome the complexity of the formation of performance results for a certain reporting period of the group as a whole.

scholarly journals International Financial Reporting Standard (IFRS) Adoption and Foreign Direct Investments (FDI): A Comparative Analysis of Nigeria and Ghana

2019 ◽  
pp. 1-10
Author(s):  
A. T. Ajibade ◽  
W. Okere ◽  
M. A. Isiaka ◽  
O. Mabinuori
Keyword(s):  
Financial Reporting ◽  
Least Square ◽  
Foreign Direct Investments ◽  
Reporting Standard ◽  
International Financial Reporting Standard ◽  
Fdi Inflows ◽  
Ordinary Least Square ◽  
Ifrs Adoption ◽  
The Relationship ◽  
Beneficial Outcome

This study examined the relationship between IFRS adoption and FDI in Nigeria and Ghana. Using ordinary least square as well as other diagnostic test, findings show a negative but insignificant relationship between IFRS adoption and FDI in Nigeria. Also, it was discovered that IFRS adoption has a positive and significant relationship in Ghana. Findings also show that IFRS adoption alone would not lead to FDI inflows and FDI is affected by other factors such as exchange rate, inflation and political instability. The study recommends that Effective execution of IFRS requires strategic planning and IFRS ought to be linked to an objective for it to have a beneficial outcome.

scholarly journals International Financial Reporting Standard (IFRS): The Awareness Level In Accounting Student

2019 ◽  
Vol 10 (2) ◽  
pp. 157
Author(s):  
Ayu Aryista Dewi ◽  
Luh Gede Krisna Dewi
Keyword(s):  
Learning Strategies ◽  
Financial Reporting ◽  
Accounting Students ◽  
Analysis Tool ◽  
Reporting Standard ◽  
International Financial Reporting Standard ◽  
Study Program ◽  
Financial Reporting Standards ◽  
English Class ◽  
Level Of Understanding

Changes in accounting standards currently referring to International Financial Reporting Standards (IFRS) require substantive changes at the tertiary level. The purpose of this study is to examine the differences in the level of awareness of accounting students proxied by the level of understanding, knowledge, interest, learning method preferences (pedagogy), and expected expectations (outcomes) of students towards IFRS. Research respondents were S1 students of the Accounting Study Program regular class and an English class. The analysis was carried out through questionnaires. The analysis tool uses independent t-test with the SPSS program. The results of the study indicate that there are differences in the level of interest (interest) and the desired level of expectations (outcomes) in IFRS learning. Research implications are expected to contribute to universities in the preparation of curriculum and formulate learning strategies to improve the knowledge and readiness of accounting students regarding the application of IFRS

Benefits and Challenges of International Financial Reporting Standards Adoption in Ghana: Accounts and Business Managers’ Perspective

2017 ◽  
Vol 7 (2) ◽  
pp. 178
Author(s):  
Richmell Baaba Amanamah
Keyword(s):  
Financial Reporting ◽  
Equity Capital ◽  
Financial Statement ◽  
Cost Of Equity Capital ◽  
Business Managers ◽  
Reporting Standard ◽  
International Financial Reporting Standard ◽  
Professional Affiliation ◽  
Financial Reporting Standards ◽  
The Cost

The objective of the study was to identify benefits and challenges associated with the implementation of International Financial Reporting Standard (IFRSs) in Ghana from account and business managers’ perspective. The study used purposive sampling to collect data from 187 accounting professionals and managers in all business sectors of Ghana. Data was analysed using descriptive and inferential statistics. A Kruskal-Wallis H non-parametric tests (KW) was conducted to determine whether there are statistically significant differences of perception among five groups of the level of professional affiliation and six groups of role and position. The results revealed that the adoption of the IFRSs has among other benefits, increase the quality of accounting information, increased investors’ confidence, increase comparability of financial statement among companies both nationally and internationally, reduced the cost of equity capital, made the preparation and auditing of financial statement very transparent and easier. The findings also revealed that though the cost of implementation was very high and accounts and business managers’ faced some challenges in the implementation of the standards, the benefit derived from its implementation outweighed the challenges. Respondents perceived that IFRSs is too complicated for adoption by SMEs. They recommend that more training is needed to equip professionals in the effective implementation of IFRSs.The paper recommends that ICAG should conduct regular training for their members, other implementers as well as owners and operators of SMEs on the IFRSs especially on the emerging standards.

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