The Association: Early Adoption of IFRS and Value Relevance of Accounting Information

The objective of this article is to analyze the impact of the early adoption of IFRS on the value relevance of accounting information among the CAC 40 listed companies.In our study we adopted the Ohlson (1995) models in order to study the value relevance of accounting information. Our data was collected manually .The period 2002-2004 was used as the pre anticipation of the IFRS and the period 2004-2006 was used as the post anticipation of the IFRS .The problem therefore of our research is the following is: What is the effect of the early adoption of IFRS on the quality of the accounting information?In the study, our estimates focused on two panels: panel A and panel B. After analyzing the various estimates we found that the early adoption of IFRS has enabled companies in panel A, companies which adopted IFRS in an anticipated manner, to provide investors with accounting information with greater value relevance compared to the companies of panel B.Thanks to this study we can confirm that the early adoption of IFRS significantly enhanced the quality of accounting information for panel A.

The Impact of IFRS Adoption on the Quality of Accounting Information: Systematic Literature Review

Accounting and Finance ◽

10.33146/2307-9878-2021-4(94)-5-15 ◽

2021 ◽

pp. 5-15

Author(s):

Achmad Farid Dedyansyah ◽

◽

Sri Pujiningsih ◽

Satia Nur Maharani ◽

◽

...

Keyword(s):

Literature Review ◽

Systematic Literature Review ◽

Value Relevance ◽

Accounting Information ◽

Test Model ◽

European Continent ◽

Theoretical Approaches ◽

The quality of accounting information cannot be separated from the adopted accounting standards. More than 87% of countries worldwide have implemented IFRS standards as financial guidelines in their countries. The goal of IFRS is to make companies more transparent and flexible in producing accounting information based on which users can predict future investment values. The purpose of this article is a systematic literature review on the quality of accounting information associated with adopting IFRS. The sample of this study - 125 articles reviewed in four main classifications: research subject areas, measurement of accounting information quality, theoretical approaches, and research methods. Previous research was obtained from online databases such as Science Direct, Emerald Group, Sage Journal, and Taylor & Francis. The PICO framework in this study was applied to minimize bias from previous studies. The analysis results show that average the most articles on the quality of accounting information were found in journals categorized in the accounting field. Most studies have been found on the European continent regarding the quality of accounting information – 52 (37.7%). Determining the quality of accounting information requires several tests. As a result, 49 (38.8%) and 47 (37.1%) articles emphasize the accrual test model and value relevance model in assessing the quality of accounting information. The results show that 56 articles (44.8%) use the regression analysis method to test value relevance, accrual, and timely loss reporting models.

The Impact of Early Adoption of IFRS on the Quality of Accounting Information

10.35248/2472-114x.19.7.195 ◽

2019 ◽

Vol 07 (01) ◽

Author(s):

Faouzi Jilani ◽

Basma Ben Nfissa

Keyword(s):

Accounting Information ◽

Early Adoption ◽

KUALITAS INFORMASI AKUNTANSI SEKTOR INDUSTRI SEBELUM DAN SELAMA PANDEMI COVID-19: STUDI NEGARA-NEGARA ASEAN

Jurnal Akuntansi dan Keuangan ◽

10.23960/jak.v26i2.274 ◽

2021 ◽

Vol 26 (2) ◽

pp. 1-8

Author(s):

Slamet Sugiri ◽

Retno Yuni Nur Susilowati

Keyword(s):

Information Quality ◽

Value Relevance ◽

Earnings Quality ◽

Accounting Information ◽

The Philippines ◽

Accrual Quality ◽

Asean Countries ◽

The purpose of this paper is to examine the effect of the Covid-19 pandemic on the quality of accounting information in terms of accrual quality and value relevance. This study uses a sample of companies listed on stock exchanges in five ASEAN countries, Indonesia, Malaysia, the Philippines, Singapore, and Thailand, for the period 2009-2020. OLS pooled regression model was estimated with panel data. The results showed that the COVID-19 pandemic impacted earnings quality, but not on value relevance of accounting information quality. Enforcement of accounting and auditing standards can reduce the impact of the COVID-19 pandemic in improving earnings quality. However, investor protection is not adequate to improve the quality of accounting information during the COVID-19 pandemic.

The Impact of Accounting on Environmental Costs to Improve the Quality of Accounting Information in the Jordanian Industrial Companies

International Journal of Business and Management ◽

10.5539/ijbm.v12n6p104 ◽

2017 ◽

Vol 12 (6) ◽

pp. 104

Author(s):

Atalla M. Alqotaish ◽

Adel M. Qatawneh

Keyword(s):

Accounting Information ◽

Environmental Cost ◽

Environmental Costs ◽

Statistical Relationship ◽

Industrial Companies ◽

Study Results ◽

Collective Performance ◽

The Impact of Accounting of Environmental Costs to Improve the Quality of Accounting Information in the Jordanian Industrial Companies is a study aimed to explore the importance of accounting on environmental cost in the improve of the quality of accounting information. Data were collected through from the Jordanian companies and a questionnaire distributed among the workers of offices and departments of accounting in the industrial companies listed in Jordan stock market. The study came up with the following findings: The study has shown that there exists a significant statistical relationship between the size of environmentally-related accounting disclosure of information for publicly owned companies and the adequacy of financial listing of such companies. The study has shown that there exists a significant statistical relationship between Investors decisions and the information provided by the collective performance disclosure. As per the study results, we recommend the following: The necessity of accountants' obligation towards environmentally-related auditing information provided with the financial reports, and the necessity of emphasizing on information importance as provided by the environmentally-related collective performance.

The Overseas Experience of Audit Committee and Audit Fees: Empirical Evidence from China

Complexity ◽

10.1155/2021/5454418 ◽

2021 ◽

Vol 2021 ◽

pp. 1-16

Author(s):

Chengai Li ◽

Lin Pan ◽

Meilan Chen

Keyword(s):

Corporate Governance ◽

Audit Committee ◽

Learning Experience ◽

Accounting Information ◽

Audit Fees ◽

Positive Influence ◽

Positive Role ◽

The complexity of audit committee experience, including the overseas experience, has an important impact on corporate governance. In this paper, we study the impact of the overseas experiences of the members of audit committee on audit fees. Our empirical analysis and results show that the audit committee overseas experience can significantly increase audit fees. Further, the positive influence of the audit committee overseas experience on audit fees is more pronounced in state-owned enterprises and regions with weak marketization. In addition, we divide the overseas experience into overseas learning experience and overseas working experience. We find that both types of experience present in the audit committee significantly increase the audit fees. Finally, we find that the audit committee overseas experience can significantly improve the quality of accounting information and play a positive role in corporate governance.

THE IMPACT OF ELECTRONIC TOLL (E-TOLL) SYSTEMS IMPLEMENTATION ON THE REPORTING QUALITY OF ACCOUNTING INFORMATION

Journal of Critical Reviews ◽

10.31838/jcr.07.06.120 ◽

2020 ◽

Vol 7 (06) ◽

Keyword(s):

Accounting Information ◽

Reporting Quality ◽

Systems Implementation ◽

Hedge Accounting in the Brazilian Stock Market: Effects on the Quality of Accounting Information, Disclosure, and Information Asymmetry

Revista Contabilidade & Finanças ◽

10.1590/1808-057x201602430 ◽

2016 ◽

Vol 27 (71) ◽

pp. 202-216 ◽

Cited By ~ 1

Author(s):

Silas Adolfo Potin ◽

Patrícia Maria Bortolon ◽

Alfredo Sarlo Neto

Keyword(s):

Stock Market ◽

Information Asymmetry ◽

Value Relevance ◽

Accounting Information ◽

Econometric Models ◽

Hedge Accounting ◽

Earnings Informativeness ◽

Information Relevance ◽

Quality Of Accounting Information

ABSTRACT This paper investigates, in the Brazilian stock market, the effect of hedge accounting on the quality of financial information, on the disclosure of derivative financial instruments, and on the information asymmetry. To measure the quality of accounting information, relevance metrics of accounting information and book earnings informativeness were used. For executing this research, a general sample was obtained through Brazilian companies, non-financial, listed on the Brazilian Securities, Commodities, and Futures Exchange (BM&FBOVESPA), comprising the 150 companies with highest market value on 01/01/2014. Through the general sample, samples were compiled for applying the econometric models of value relevance, informativeness, disclosure, and information asymmetry. The sample for relevance had 758 companies-years observations within the period from 2008 to 2013; the sample for informativeness had 701 companies-years observations with the period from 2008 to 2013; the sample for disclosure had 100 companies-years observations, within the period from 2011 to 2012; the sample for information asymmetry had 100 companies-years observations, also related to the period from 2011 to 2012. In addition to the econometric models, the propensity score matching method was applied to the analyses of the hedge accounting effect on disclosure and information asymmetry. The evidence found for the influence of hedge accounting indicates a relation: (i) positive and significant concerning accounting information relevance and disclosure of derivatives; (ii) negative and significant for book earnings informativeness. Regarding information asymmetry, although the coefficients showed up as expected, they were not statistically significant.