scholarly journals Business combinations under common control in International Financial Reporting Standards – is authoritative accounting guidance needed?

2017 ◽  
pp. 97-112 ◽  
Author(s):  
Magdalena Janowicz
Keyword(s):  
Financial Reporting ◽  
Inductive Reasoning ◽  
International Financial Reporting Standards ◽  
Reporting Standards ◽  
Business Combinations ◽  
Financial Reporting Standards ◽  
Common Control ◽  
The Subject ◽  
The Moment ◽  
Theoretical Issues

Business combinations under common control in International Financial Reporting Standards – is authoritative accounting guidance needed? The purpose of the article is to answer the question if a separate standard (IFRS) is needed for business combinations under common control (BCUCC), which are not governed by any IFRS as the moment. In such cases, the approach resulting from IAS 8 should apply to them, which allows the use of national regulations to account for BCUCC. The authoress shortly described the theoretical issues related to the subject and presented the results of empirical research that verified the practical aspects of the problem. The research methodology involves a literature and legal act analysis, content analysis of financial statements, as well as deductive and inductive reasoning. On the basis of the gathered data the authoress concluded that even the existence of necessary regulations in national GAAPs does not guarantee that all the requirements related to the qualitative characteristics of the reported information are met and, as such, the main objectives for which IFRS were developed may not be met. As such, the authoritative guidance proves necessary. Very little research on the subject was published, thus, this paper may provide some additional guidance as to what issues related to BCUCC should receive particular attention.

scholarly journals Do good fundamentals generate alpha?

2020 ◽  
Vol 14 (2) ◽  
Author(s):  
Luís Chagas ◽  
Ricardo Leal ◽  
Raphael Roquete
Keyword(s):  
Financial Reporting ◽  
Risk Premium ◽  
International Financial Reporting Standards ◽  
Reporting Standards ◽  
Value Stocks ◽  
Financial Reporting Standards ◽  
Stock Portfolios ◽  
Significant Coefficient ◽  
The Moment

Objective: To verify abnormal risk-adjusted returns in Brazilian stock portfolios formed according to the F-Score that indicates the presence of good fundamentals. Method: The sample has 146 companies per year on average, includes the period of adoption of the International Financial Reporting Standards (IFRS) from July 2008 to June 2018 and uses equally weighted portfolios formed at the end of June of each year with information from the previous year. Results: The high F-Score portfolio showed greater average returns, lower beta, and a positive and significant alpha that disappeared in the sub-period initiating after the full adoption of IFRS. Significant coefficients for the small capitalization risk premium and egalitarian weighting suggest that large companies do not dominate its performance. High and low F-Score portfolios cannot be characterized as value stocks. The low F-Score portfolio displayed a negative and significant coefficient for the moment factor, suggesting persistence of negative returns. Contributions: Portfolios with high F-Score may have less chance of catastrophic returns. The technique can be employed by less sophisticated investors to build defensive portfolios of companies with good fundamentals.

scholarly journals Impacts of Newly Acquired Items Within Business Combinations on the Items of the Financial Statements

2016 ◽  
Vol 64 (1) ◽  
pp. 265-274 ◽  
Author(s):  
Jana Gláserová
Keyword(s):  
Financial Reporting ◽  
Ownership Structure ◽  
Balance Sheet ◽  
Financial Statements ◽  
Point Of View ◽  
International Financial Reporting Standards ◽  
Reporting Standards ◽  
Business Combinations ◽  
Financial Reporting Standards ◽  
Time Point

This paper is focused on the operations with the company (business combinations). These are those operations that are associated with the formation or dissolution of companies or reorganization of their ownership structure. They are often referred as equity transactions. In the concept of Czech accounting legislation, these are the purchase, sale, investment (deposit) of firms or their parts, and various forms of transformation of enterprises. There are analyzed the accounting practices of recording of these issues under the Czech accounting legislation and International Financial Reporting Standards. Consequently there are identified newly acquired assets and liabilities arising directly in connection with the business combinations. In the conclusion of this paper there are examined the effects of different reporting of newly acquired items in the context of business combinations according to Czech accounting legislation and in accordance with International Financial Reporting Standards on the significant items of balance sheet and profit and loss statement from the material and time point of view.

International Financial Reporting Standards (Ifrs ) 15 «Revenue from Contracts with Buyers»: What is Expected for Book-Keepers

Auditor ◽  
2015 ◽  
Vol 1 (5) ◽  
pp. 65-74
Keyword(s):  
Financial Reporting ◽  
Financial Statements ◽  
Property Right ◽  
International Financial Reporting Standards ◽  
Reporting Standards ◽  
Revenue Recognition ◽  
Financial Reporting Standards ◽  
Contractual Relations ◽  
The Moment

Questions connected with revenue recognition and contractual relations representation, determination of the moment of property right transition recognition defining the moment of recognition of revenue and its representation in financial statements structure are considered in detail in this paper due to the issue of International Financial Reporting Standards (IFRS) 15 «Revenue from Contracts with Buyers».

Pengaruh Konvergensi International Financial Reporting Standards (Ifrs) Terhadap Penghindaran Pajak(Tax Avoidance)

2018 ◽  
Vol 26 (2) ◽  
pp. 158-169
Author(s):  
Umi Wahidah ◽  
Sri Ayem
Keyword(s):  
Financial Reporting ◽  
Tax Evasion ◽  
Stock Exchange ◽  
Control Variable ◽  
Tax Avoidance ◽  
Sampling Technique ◽  
International Financial Reporting Standards ◽  
Reporting Standards ◽  
Control Variables ◽  
Financial Reporting Standards

This research aimed to examine the effect of the convergence of International Financial Reporting Standards (IFRS) on tax avoidance on companies listed in Indonesia Stock Exchange. Tax avoidance that used in this research was Cash Efective Tax Rate (CETR). This research is also use the control variable to get other different influence that different such as CSR, size, and earning management (EM. This research used populations sector of transport service companies that listed in Indonesia Stock Exchange. The data of this research taken from secondary data that was from the Indonesia Stock Exchange in the form of Indonesian Capital Market Directory (ICMD) and the annual report of the company 2011-2015. The method of collecting sample was purposive sampling technique, the population that to be sampling in this research was populations that has the criteria of a particular sample. Companies that has the criteria of the research sample as many as 78 companies. The method of analysis used in this research is multiple regression analysis. Based on regression testing shows that the convergence of International Financial Reporting Standards (IFRS) has a positiveand significant impact on tax evasion. This shows that IFRS convergence actually improves tax evasion practices. The control variables of firm size and earnings management also significantly influence the application of IFRS in improving tax avoidance practices, while CSR control variables have no role in convergence IFRS in improving tax evasion practice.

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