Financial Information Disclosure and the Reliability of Fair Value Estimations in Published Financial Statements: Evidence from Real Estate Sector in Nigeria

UDC 657 Valentyna Dubovaya, PhD (Economics), Associate Professor. Iryna Davydova, student. Poltava National Technical Yurii Kondratiuk University. Information Disclosure about Investment Property in the Financial Statements According to International Standards. The purpose of the research is elaboration of a structured form for information disclosure of investment property in the financial statements in accordance with international standards. According to the results of research it was elucidated, that as opposed to global trends of excessive information disclosure, the financial statements of Ukrainian enterprises in accordance with IFRS has insufficient, and sometimes non-significant, financial information disclosure, at least concerning investment property. For the structured information disclosure about the investment property in the Notes to the financial statements in accordance with IFRS it was proposed an ordered presentation of descriptive and financial information with using the tabular forms of reconciliation of the carrying value of investment property at the beginning and end of the reporting period according to the alternative models of evaluation. It was defined the prospects of subsequent research of application of international accounting approach to the investment property evaluation at fair value with taking into account her best and more profitable using. Keywords: IFRS, information disclosure, investment property, notes to the financial statements.

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Motive behind Earnings Management Practices: Case in Public Property and Real Estate Companies in Indonesia

AKRUAL Jurnal Akuntansi ◽

10.26740/jaj.v12n1.p49-64 ◽

2020 ◽

Vol 12 (1) ◽

pp. 49

Author(s):

Alwan Sri Kustono

Keyword(s):

Real Estate ◽

Earnings Management ◽

Hypothesis Testing ◽

Management Practices ◽

Financial Statements ◽

Public Companies ◽

Public Property ◽

Real Estate Sector ◽

Testing Data ◽

Stage Analysis

This study examines the antecedents and consequence variables of earnings management. This study is expected to explain the motive of earnings management practices by public property and real estate companies in Indonesia: opportunistic or efficient. The theory which is the basis for developing the hypotheses ise agency, positive accounting, and signaling theories simultaneously. This study is explanatory research which aims to explain the causal relationship between variables through hypothesis testing. Data of this research are financial statements of public companies in the property and real estate sector in Indonesia (2014-2018) with some criteria. There are 60 firm-years data used in the analysis. Hypothesis testing uses multiple linear regression two-stage. The first stage analysis is used to examine the effect of the antecedent earnings management variable. Regression second stage test the consequences of earnings management practices. The results show debt and independent commissioners affect earnings management. Management performs more dominant earnings management because of opportunistic interests than to maintain market value and the interests of its shareholders. The implication of this research is to provide a comprehensive discourse on the motives for earnings management behavior in Indonesia.

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International Real Estate Review

International Real Estate Review ◽

10.53383/100161 ◽

2012 ◽

Vol 15 (3) ◽

pp. 347-372

Author(s):

Robert Edelstein ◽

◽

Steve Fortin ◽

Desmond Tsang ◽

◽

...

Keyword(s):

Real Estate ◽

Financial Reporting ◽

Financial Statements ◽

Fair Value ◽

Real Estate Industry ◽

The Real Estate ◽

Reporting Practices ◽

Financial Reporting Standards ◽

Market Values ◽

Alternative Metrics

The adoption of the new International Financial Reporting Standards (IFRS), by allowing the option of fair value accounting for real estate investment properties, has dramatically altered the landscape of financial reporting for real estate firms worldwide. In this exploratory study, by examining the financial statements and disclosures of 45 international real estate firms, we demonstrate that the implementation of IFRS has affected financial reporting practices in the real estate industry. We find that under the IFRS, companies place emphasis on market asset valuations, vis-a-vis alternative metrics for current performance. We also find that most real estate firms in our sample choose to report fair values for investment properties in their financial statements rather than the notes to the financial statements. Finally, there is a wide variation in firm disclosures with regards to the determinants of fair market values.

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PENGARUH SOLVABILITAS, PROFITABILITAS DAN LIKUIDITAS TERHADAP NILAI PERUSAHAAN (Studi Pada Perusahaan Properti Dan Real Estate Yang Terdaftar Di Bursa Efek Indonesia Periode 2015-2018)

Jurnal Ilmu Manajemen Profitability ◽

10.26618/profitability.v5i1.4859 ◽

2021 ◽

Vol 5 (1) ◽

pp. 98-136

Author(s):

Fajar Rakasiwi Syamsuddin ◽

Masdar Mas’ud

Keyword(s):

Linear Regression ◽

Real Estate ◽

Firm Value ◽

Regression Coefficient ◽

Stock Exchange ◽

Sampling Technique ◽

Financial Statements ◽

Company Value ◽

Real Estate Sector ◽

Analysis Technique

This study aims to determine the effect of Profitability, Liquidity and Solvency on the Company Value of the property and real estate sector listed on the Indonesia Stock Exchange in the 2015-2018 Period. This research is a type of comparative causal research. The population in this study are property and real estate sector companies listed on the Indonesia Stock Exchange in the 2015-2018 period, amounting to 22 companies. Based on the sampling technique with purposive sampling obtained a sample of 21 companies. Data collection techniques use the documentation of financial statements published on the official website of the Indonesia Stock Exchange, www.idx.co.id. The analysis technique used is multiple linear regression. The results of this study indicate that: (1) Solvency has a positive and significant effect on firm value, with a regression coefficient of 0.557 and a significance value of 0.001 0.05; (2) Profitability has a positive and significant effect on Company Value, with a regression coefficient of 0.207 and a significance of 0.002 0.05; (3) Liquidity has a positive and significant effect on Company Value, with a regression coefficient of 0.340 and a significance of 0,000 0.05; (4) Solvency, Profitability, and Liquidity affect the Value of the Company with a significance of 0,000 with an R2 of 43%

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Penerapan PSAK Adopsi IAS 41 Agriculture

Binus Business Review ◽

10.21512/bbr.v5i1.1208 ◽

2014 ◽

Vol 5 (1) ◽

pp. 186

Author(s):

Stefanus Ariyanto ◽

Heri Sukendar ◽

Heny Kurniawati

Keyword(s):

Decision Making ◽

Data Collection ◽

Qualitative Method ◽

Financial Statements ◽

Fair Value ◽

Financial Information ◽

Literature Study ◽

Quality And Reliability ◽

Value Model ◽

Near Future

This study aims to determine whether the application of PSAK adopted from IAS 41: Agriculture should be applied to State-Owned Enterprises, especially the plantation SOE. So that the SOE financial information produced becomes more useful for decision-making. Furthermore, this study wants to answer what benefits can be obtained from the implementation of this standard on the plantation-based SOE. The main characteristic of IAS is the use of fair value model for biological assets owned by the agriculture-based entity. The use of this model raises a lot of controversy, primarily, associated with relevant quality and reliability of the information it produces. Research used qualitative method with data collection through literature study, survey, interview, and observation. Survey and interview were divided into two major parts, which were: on the compilers of financial statements and the stakeholders. From this study it can be concluded that the PSAK based on IAS 41 have not to be implemented yet in the near future due to IAS 41 will undergo quite significant revision. Currently, the State-Owned Enterprises could use the PSAK plantation SOE that has been issued.

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