scholarly journals Sector Diversification of Statements of Comprehensive Income Illustrated with the Example of Entities Listed on the Warsaw Stock Exchange

2019 ◽  
Vol 19 (2) ◽  
pp. 134-148
Author(s):  
Piotr Prewysz-Kwinto
Keyword(s):  
Stock Exchange ◽  
Financial Statements ◽  
Descriptive Statistics ◽  
Accounting Standard ◽  
Comprehensive Income ◽  
Warsaw Stock Exchange ◽  
Other Comprehensive Income ◽  
High Level ◽  
International Accounting Standard ◽  
The Way

Abstract Research background: The rules of preparing the statement of comprehensive income are included in the International Accounting Standard 1 “Presentation of Financial Statements” which gives a lot of freedom in the way information is presented in these documents. So the following question was asked whether the way of presenting information regarding results between enterprises representing the same industries manifests similarities or differences? Purpose: The main aim of this paper is to verify whether despite the high level of flexibility given by IAS 1 in presenting information, the statements of comprehensive income prepared by entities belonging to the same sectors, manifest significant similarities. Research methodology: The research covered the financial statements prepared for the financial years 2015–2017 and by almost 200 entities listed on the Warsaw Stock Exchange and representing 14 different industries. The method of descriptive statistics was used in the quantitative analysis. Results: The results obtained allowed to show many similarities in statements drawn up by entities representing the same sectors concerning among others: the forms of drawing up this document, the variant of a statement, its internal construction and presentation of other comprehensive income. Novelty: Research on sector differentiation of information in the statement of comprehensive income on a group of entities listed on the Warsaw Stock Exchange has not been conducted yet.

scholarly journals The Effect of Net Income and Other Comprehensive Income on Future’s Comprehensive Income With Attribution of Comprehensive Income as Moderating Variable

2021 ◽  
Vol 12 (3) ◽  
pp. 205
Author(s):  
Marhaendra Kusuma ◽  
Diana Zuhroh ◽  
Prihat Assih ◽  
Grahita Chandrarin
Keyword(s):  
Empirical Evidence ◽  
Predictive Power ◽  
Stock Exchange ◽  
Financial Statements ◽  
Data Sources ◽  
Net Income ◽  
Independent Variables ◽  
Comprehensive Income ◽  
Other Comprehensive Income ◽  
Income Data

This study aims to examine the effect of net income and other comprehensive income on the total of future’s comprehensive income with attribution of earning as a moderating variable. It also tests whether comprehensive income is more persistent than Net Income and whether re-measurement of the defined program is the highest predictive power for future CIs. The dependent variable was Comprehensive Incomet+1, and the independent variables were Net Income and Other Comprehensive Income. Data sources were financial statements 2014-2018 of 367 companies listed in Indonesia Stock Exchange. The empirical evidence were 1).Net income and other comprehensive income can predict future comprehensive income, 2). The CI attribution can improve the ability of NI and OCI in predicting future CI. 3). Net income is more persistent than other comprehensive income, 4). The defined program is the highest predictive power for future CIs. 

scholarly journals PENERAPAN STANDARD AKUNTANSI INTERNASIONAL OLEH PERUSAHAAN PUBLIK DI INDONESIA

2008 ◽  
Vol 5 (3) ◽  
pp. 289
Author(s):  
Nang D. Gunawan ◽  
Heru Satyanugraha
Keyword(s):  
Stock Exchange ◽  
Financial Statements ◽  
Listed Companies ◽  
The Other ◽  
Accounting Standard ◽  
Financial Report ◽  
Going Concern ◽  
Income Statement ◽  
Stock Information ◽  
International Accounting Standard

<p class="Style1"><strong><em>Adopting international accounting standard shall be beneficial to fins listed in </em></strong><strong><em>stock exchange. This research investigates the extent to which the disclosure require-</em></strong><strong><em>ment of Intemational Accounting StandardsliAS-1) for presentation of financial state-</em></strong><strong><em>ments are complied by the listed companies in Jakarta Stock Exchange. The financial </em></strong><strong><em>reports of 280 companies listed in Jakarta Stock Exchange were examined. The study </em></strong><strong><em>concludes that in general listed companies in Jakarta do not comply fully with lAS-1 </em></strong><strong><em>requirements. In items of "components of financial statements", "disclosure of income statement", 'timeliness", "comparability", "stock information" they do comply with the </em></strong><strong><em>international standard. For the other items, " compliance", "going concern", °divi-</em></strong><strong><em>dend", "description of reserves", "reclassification", they tend not to comply with the </em></strong><strong><em>requirements. The study found also there are differences of size of the companies </em></strong><strong><em>toward "timeliness' and "disclosure", differences of types of auditor on compliance to </em></strong><strong><em>"disclosure", and pmfitability of the companies on "going concern".</em></strong></p><strong><em>Key words : compliance, financial report, accounting standard, intemational, jakarta stock exchange,</em></strong>

The Definitions of Net Income and Comprehensive Income and Their Implications for Measurement

2016 ◽  
Vol 30 (4) ◽  
pp. 511-516 ◽  
Author(s):  
Ikuo Nishikawa ◽  
Takao Kamiya ◽  
Yasunobu Kawanishi
Keyword(s):  
Financial Performance ◽  
Financial Statements ◽  
Business Activity ◽  
Net Income ◽  
Accounting Standard ◽  
Comprehensive Income ◽  
Measurement Basis ◽  
Other Comprehensive Income ◽  
Current Value

SYNOPSIS: Historically, accounting standard-setters have not been successful in defining net income. Nor have they been successful in justifying the use of other comprehensive income (OCI) and recycling. This paper proposes the definitions of net income and comprehensive income and an approach to measurement based on the proposed definitions. Net income and comprehensive income should be defined as two separate elements of financial statements, with OCI being the linkage factor that reconciles the two elements. Recycling of all OCI items is required for both elements to have the characteristic of all-inclusiveness. Net income should represent the irreversible outcomes of an entity's business activities, and it follows that the measurement basis of current value should be used from the perspective of reporting an entity's financial performance only when an asset (or a liability) is readily converted to cash (or settled) and the entity's business activity does not legally, contractually, or economically restrict the entity's opportunity to convert the asset to cash (or settle the liability).

scholarly journals Earning Per Share Under International Accounting Regulations and Based on the Example of Companies Listed on the Warsaw Stock Exchange

2017 ◽  
Vol 8 (1) ◽  
pp. 57
Author(s):  
Piotr Prewysz-Kwinto ◽  
Grażyna Voss
Keyword(s):  
Stock Exchange ◽  
Financial Statements ◽  
Financial Statement ◽  
International Accounting ◽  
International Accounting Standards ◽  
Accounting Standard ◽  
Analysis And Evaluation ◽  
Earnings Per Share ◽  
Warsaw Stock Exchange ◽  
A Company

Earnings per share is one of the most important financial ratios facilitating investors make decisions about the choice of a company to invest in. To fulfill this role, it should be calculated according to the same rules by all companies, so that the results can be compared correctly. Therefore, the IASB (International Accounting Standards Board) issued a special standard comprehensively regulating the rules of its calculation and presentation in financial statement. It is International Accounting Standard 33 – Earning per share, which was released in December 2003. It was first applied to financial statements prepared for the reporting period starting after January 1, 2005. The standard was revised once – in 2008. This standard requires calculation and presentation in financial statement basic and diluted earnings per share and accurately specifies how to do it. The aim of this paper is to describe the rules of calculating, presenting and disclosure information about earning per share under IAS 33 as well as to analyze the presentation of such information in financial statements of the largest companies listed on the Warsaw Stock Exchange. The main methods used include the analysis and evaluation of legal acts and subject-related literature as well as the analysis of information disclosed in financial statements of the largest companies listed on the Warsaw Stock Exchange.

Is Other Comprehensive Income Reported in the Income Statement More Value Relevant? The Role of Financial Statement Presentation

2016 ◽  
Vol 33 (4) ◽  
pp. 624-646 ◽  
Author(s):  
Steve Lin ◽  
Donel Martinez ◽  
Changjiang Wang ◽  
Ya-wen Yang
Keyword(s):  
Value Relevance ◽  
Financial Statements ◽  
Financial Statement ◽  
Future Research ◽  
Accounting Standard ◽  
Comprehensive Income ◽  
Income Statement ◽  
Other Comprehensive Income ◽  
Recent Financial Crisis

This study examines (a) whether other comprehensive income ( OCI) is more value relevant when reported in a more prominent and transparent location in financial statements, (b) how economic condition affects value relevance of OCI reported in different locations, and (c) whether value relevance of OCI is affected by the implementation of Accounting Standard Update (ASU) 2011-05, which requires reporting OCI in either a combined statement of income and comprehensive income or a separate statement of comprehensive income ( SCI), and prohibits reporting OCI only in the statement of changes in shareholders’ equity ( SSE). Using manually collected data for the period 2000-2012, we find that investors consistently priced OCI reported in the SSE during the entire test period. We also find that investors priced OCI reported in the SCI only during recent financial crisis period (2007-2009) when the magnitude and volatility of OCI significantly increased. Further evidence shows that this finding is not driven by the investment bias of transient investors. Finally, we find that value relevance of OCI decreases for firms that changed the reporting location of OCI from SSE to SCI following the implementation of ASU 2011-05 compared with firms that did not change the reporting location. As investors are expected to be more capable of incorporating information reported in a more transparent location into price, this study explores some plausible explanations for the puzzling finding and calls for future research.

scholarly journals The predictive power of comprehensive income in Polish companies listed on the Warsaw Stock Exchange

2019 ◽  
Vol 2019 (105 (161)) ◽  
pp. 113-136
Author(s):  
Katarzyna Bareja ◽  
Magdalena Giedroyć ◽  
Małgorzata Wrzosek
Keyword(s):  
Predictive Value ◽  
Quantitative Research ◽  
Predictive Power ◽  
Value Relevance ◽  
Stock Exchange ◽  
Net Income ◽  
Comprehensive Income ◽  
Future Performance ◽  
Warsaw Stock Exchange ◽  
Other Comprehensive Income

Poland is historically classified within the Continental European model of accounting. The aim of the paper is to find the answer to the question of whether the Anglo-Saxon measure of financial results, which is comprehensive income, introduced into Polish reporting practice by the implementation of IFRS, has better predictive power than net income. The consequences of reporting comprehensive income are still a research gap in Poland. This article fills the gap regarding the predictive value of comprehensive income on the Polish market, and at the same time, it constitutes a contribution to global research in this area. The content presented in this article was developed using studies of the domestic and foreign literature. The methodology adopted in our study refers to the commonly used methodology of quantitative research on value relevance and the predictive value of comprehensive income. Our results indicate that net income and comprehensive income have the same predictive value for future performance. The research showed that neither other comprehensive income as a single indicator nor separate items of other comprehensive income has significant predictive power for future performance. The results of our research may help legislative bodies to make decisions on whether to extend the financial statement by requiring the statement of comprehensive income. In addition, our study presents, in a very broad way, the results of the latest research on NI and CI.

scholarly journals Investment Property in the Financial Statements of Capital Groups Listed on the Warsaw Stock Exchange

2016 ◽  
Vol 4 (1) ◽  
pp. 229
Author(s):  
Piotr Prewysz Kwinto ◽  
Grażyna Voss
Keyword(s):  
Interest Rates ◽  
Raw Materials ◽  
Stock Exchange ◽  
Financial Statements ◽  
Steady Increase ◽  
International Accounting ◽  
Accounting Standard ◽  
Analysis And Evaluation ◽  
Bank Deposits ◽  
Warsaw Stock Exchange

In recent years, investing in property has become very popular. It is related to a significant decrease in interest rates, which has resulted in a decrease in interest rates on bank deposits and risk-free securities. What is more, this kind of investment seems to be less risky than investing in shares or raw materials due to a steady increase in property prices in Poland in the recent years. Investment property owned by an entity conducting business activity must be properly presented in financial statements, which is next reflected in the evaluation of financial position. Recognition, measurement and presentation of investment property in financial statements have been comprehensively prescribed in International Accounting Standard 40 – Investment Property, which was released in December 2003. It was first applied to financial statements prepared for the reporting period starting after January 1, 2005. The standard was revised twice – first in 2008 and then in 2013. The aim of this paper is to describe the recognition, measurement and disclosure of investment property under polish and international accounting regulations as well as to analyze the presentation of such information in financial statements of the largest companies listed on the Warsaw Stock Exchange. The main methods used include the analysis and evaluation of legal acts and subject-related literature as well as the analysis of information disclosed in financial statements of the largest companies listed on the Warsaw Stock Exchange

Pengaruh Jumlah Dewan Komisaris, Leverage, Profitabilitas, Intensitas Modal, Cash Flow, Dan Ukuran Perusahaan Terhadap Konservatisme (Studi Empiris Pada Perusahaan Manufaktur Yang Terdaftar Di Bursa Efek Indonesia Tahun 2012-2017)

2019 ◽  
Vol 8 (1) ◽  
pp. 17-24
Author(s):  
Siti Suharni ◽  
Arini Wildaniyati ◽  
Dea Andreana
Keyword(s):  
Cash Flow ◽  
Sampling Method ◽  
Stock Exchange ◽  
Secondary Data ◽  
Capital Intensity ◽  
Financial Statements ◽  
Descriptive Statistics ◽  
Company Size ◽  
Manufacturing Companies ◽  
Financial Reports

This study is aimed at examining the effects of the Number of Board of Commissioners, Leverage, Profitability, Capital Intensity, Cash Flow, and Company Size toward Conservatism in the manufacturing companies listed on the Indonesian Stock Exchange (IDX). The population used in this study is the yearly financial statements on firm of manufacturing listed at BEI period 2012-2017, using purposive sampling method. The type of data used is secondary data obtained from yerly financial reports published and downloaded through the official BEI website. Data analyzed with Descriptive statistics, test of classic assumption and exmination of hypothesis with multiple linier regression method. The result of hypothesis research shows variable Profitability and Cash Flow have a significant effect on the ability of Conservatism, while the Number of Board of Commissioners, Leverage, Capital Intensity, and Company Size has no effect on the ability of Conservatism.

scholarly journals Does CSR Affect the Profitability and Valuation of Energy Companies? An Example from Poland

Energies ◽  
2021 ◽  
Vol 14 (12) ◽  
pp. 3668
Author(s):  
Mariusz Zieliński ◽  
Izabela Jonek-Kowalska
Keyword(s):  
Social Responsibility ◽  
Stock Exchange ◽  
Descriptive Statistics ◽  
Specific Situation ◽  
Socially Responsible ◽  
Warsaw Stock Exchange ◽  
Energy Companies ◽  
Profitability Ratios ◽  
Research Period ◽  
Financial Profitability

The article refers to the issues of financial profitability of undertaking CSR activities, which is widely reported in literature. The four largest electricity producing companies in Poland were selected for the analysis. The research period covers the years 2009–2019, when the index of socially responsible companies was operating on the Warsaw Stock Exchange. The main purpose of the article is to compare the profitability ratios and quotations of energy companies in Poland declaring themselves socially responsible with companies of the same sector that have not expressed such a declaration. The results obtained on the basis of descriptive statistics, concerning profitability ratios and stock market quotations, indicate no relationship between their level and stability and the companies’ declarations of compliance with social responsibility. Companies declaring themselves socially responsible were placed in the ranking between the results of companies that did not belong to the indicated index. This may be the result of the specific situation of energy companies in Poland.

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