Mandatory Ifrs Reporting Around The World

Download Mandatory Ifrs Reporting Around The World full books in PDF, epub, and Kindle. Read online Mandatory Ifrs Reporting Around The World ebook anywhere anytime directly on your device. Fast Download speed and no annoying ads. We cannot guarantee that every ebooks is available!

Mandatory IFRS Reporting Around the World

Author : Holger Daske
Publisher :
ISBN 13 :
Total Pages : 74 pages
Book Rating : 4.:/5 (129 download)

DOWNLOAD NOW!

Book Synopsis Mandatory IFRS Reporting Around the World by : Holger Daske

Download or read book Mandatory IFRS Reporting Around the World written by Holger Daske and published by . This book was released on 2011 with total page 74 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper examines the economic consequences of mandatory IFRS reporting around the world. We analyze the effects on market liquidity, cost of capital and Tobin's q in 26 countries using a large sample of firms that are mandated to adopt IFRS. We find that, on average, market liquidity increases around the time of the introduction of IFRS. We also document a decrease in firms' cost of capital and an increase in equity valuations, but only if we account for the possibility that the effects occur prior to the official adoption date. Partitioning our sample, we find that the capital-market benefits occur only in countries where firms have incentives to be transparent and where legal enforcement is strong, underscoring the central importance of firms' reporting incentives and countries' enforcement regimes for the quality of financial reporting. Comparing mandatory and voluntary adopters, we find that the capital market effects are most pronounced for firms that voluntarily switch to IFRS, both in the year when they switch and again later, when IFRS become mandatory. While the former result is likely due to self-selection, the latter result cautions us to attribute the capital-market effects for mandatory adopters solely or even primarily to the IFRS mandate. Many adopting countries have made concurrent efforts to improve enforcement and governance regimes, which likely play into our findings. Consistent with this interpretation, the estimated liquidity improvements are smaller in magnitude when we analyze them on a monthly basis, which is more likely to isolate IFRS reporting effects.

Essays on the Economic Consequences of Mandatory IFRS Reporting around the world

Author : Ulf Brüggemann
Publisher : Springer Science & Business Media
ISBN 13 : 3834969524
Total Pages : 162 pages
Book Rating : 4.8/5 (349 download)

DOWNLOAD NOW!

Book Synopsis Essays on the Economic Consequences of Mandatory IFRS Reporting around the world by : Ulf Brüggemann

Download or read book Essays on the Economic Consequences of Mandatory IFRS Reporting around the world written by Ulf Brüggemann and published by Springer Science & Business Media. This book was released on 2011-08-31 with total page 162 pages. Available in PDF, EPUB and Kindle. Book excerpt: Ulf Brüggemann discusses and empirically investigates the economic consequences of mandatory switch to IFRS. He provides evidence that cross-border investments by individual investors increased following the introduction of IFRS.

Mandatory IFRS Reporting and Changes in Enforcement

Author : Hans Bonde Christensen
Publisher :
ISBN 13 :
Total Pages : 69 pages
Book Rating : 4.:/5 (13 download)

DOWNLOAD NOW!

Book Synopsis Mandatory IFRS Reporting and Changes in Enforcement by : Hans Bonde Christensen

Download or read book Mandatory IFRS Reporting and Changes in Enforcement written by Hans Bonde Christensen and published by . This book was released on 2015 with total page 69 pages. Available in PDF, EPUB and Kindle. Book excerpt: In recent years, reporting under International Financial Reporting Standards (IFRS) became mandatory in many countries. The capital-market effects around this change have been extensively studied, but their sources are not yet well understood. This study aims to distinguish between several potential explanations for the observed capital-market effects. We find that, across all countries, mandatory IFRS reporting had little impact on liquidity. The liquidity effects around IFRS introduction are concentrated in the European Union (EU) and limited to five EU countries that concurrently made substantive changes in reporting enforcement. There is little evidence of liquidity benefits in IFRS countries without substantive enforcement changes even when they have strong legal and regulatory systems. Moreover, we find similar liquidity effects for firms that experience enforcement changes but do not concurrently switch to IFRS. Thus, changes in reporting enforcement or (unobserved) factors associated with these changes play a critical role for the observed liquidity benefits after mandatory IFRS adoption. In contrast, the change in accounting standards seems to have had little effect on market liquidity.

IFRS in a Global World

Author : Didier Bensadon
Publisher : Springer
ISBN 13 : 3319282255
Total Pages : 477 pages
Book Rating : 4.3/5 (192 download)

DOWNLOAD NOW!

Book Synopsis IFRS in a Global World by : Didier Bensadon

Download or read book IFRS in a Global World written by Didier Bensadon and published by Springer. This book was released on 2016-05-13 with total page 477 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book, dedicated to Prof. Jacques Richard, is about the economic, political, social and even environmental consequences of setting accounting standards, with emphasis on those that are alleged to be precipitated by the adoption and implementation of IFRS. The authors offer their reasoned critiques of the effectiveness of IFRS in promoting genuine global comparability of financial reporting. The editors of this collection have invited authors from 17 countries, so that a great variety of accounting, auditing and regulatory cultures, and educational perspectives, is amply on display in their essays.

Mandating IFRS

Author : Dr. Edward Lee
Publisher :
ISBN 13 : 9781859084458
Total Pages : 28 pages
Book Rating : 4.0/5 (844 download)

DOWNLOAD NOW!

Book Synopsis Mandating IFRS by : Dr. Edward Lee

Download or read book Mandating IFRS written by Dr. Edward Lee and published by . This book was released on 2008 with total page 28 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Disentangling Mandatory IFRS Reporting and Changes in Enforcement

Author : Mary E. Barth
Publisher :
ISBN 13 :
Total Pages : 29 pages
Book Rating : 4.:/5 (13 download)

DOWNLOAD NOW!

Book Synopsis Disentangling Mandatory IFRS Reporting and Changes in Enforcement by : Mary E. Barth

Download or read book Disentangling Mandatory IFRS Reporting and Changes in Enforcement written by Mary E. Barth and published by . This book was released on 2016 with total page 29 pages. Available in PDF, EPUB and Kindle. Book excerpt: We discuss “Mandatory IFRS Reporting and Changes in Enforcement” by Christensen, Hail, and Leuz (CHL, 2013). We begin by discussing CHL in the context of prior literature, and subsequently discuss the research design, results, and inferences. CHL seeks to contribute to the literature by disentangling the liquidity benefits of changes in accounting standards from those of changes in enforcement. Taken at face value, we believe that the evidence in CHL suggests that both change in enforcement and adoption of International Financial Reporting Standards (IFRS) confer liquidity benefits. The largest benefits obtain when the change to IFRS reporting is combined with change in enforcement. This is not to say that enforcement conveys capital market benefits but IFRS reporting does not, or that IFRS reporting conveys capital market benefits but enforcement does not; both are necessary to confer capital market benefits.

An Executive Guide to IFRS

Author : Peter Walton
Publisher : John Wiley & Sons
ISBN 13 : 1119973856
Total Pages : 217 pages
Book Rating : 4.1/5 (199 download)

DOWNLOAD NOW!

Book Synopsis An Executive Guide to IFRS by : Peter Walton

Download or read book An Executive Guide to IFRS written by Peter Walton and published by John Wiley & Sons. This book was released on 2011-08-02 with total page 217 pages. Available in PDF, EPUB and Kindle. Book excerpt: "A comprehensive and invaluable guide to IFRS which users will find indispensable in correctly applying the complex and onerous requirements of IFRS and IAS." Steve Collings FMAAT FCCA, Leavitt Walmsley Associates and author of Interpretation and Application of International Standards on Auditing International Financial Reporting Standards have been mandatory in the EU since 2005 and are rapidly being adopted by countries throughout the world. In this environment it is increasingly important for managers, executives and CEOs to understand the background of the IFRS and their main requirements. In An Executive Guide to IFRS: Content, Costs and Benefits to Business, Peter Walton provides a concise and accessible guide to the principal features of IFRS, explains why they are useful, looks at their impact on businesses, and provides some of the context to help define their global role. The book is divided into three sections. Part one deals with the convergence process and its costs and benefits, and gives background on the story so far. Part two contains the main technical content of the book and provides an analysis of the main issues under IFRS reporting, including: • The content of financial statements • Investments in other companies • Income Statement and Balance Sheet items • IFRS for SMEs • A comparison with US GAAP Part three covers the creation of the IFRS, provides details of the IASB's standard-setting process, and describes how people outside the IASB can participate in the process and lobby effectively. It also examines the history of the IASB, and includes a chapter based on the author's observation of the standard setters in action. An Executive Guide to IFRS is an invaluable resource for anyone seeking to understand the essentials of International Financial Reporting Standards.

Does Mandatory Adoption of IFRS Have Similar Economic Consequences Across Country Classification? A Cross-Sample Comparison of Developed Versus Developing Countries

Download Does Mandatory Adoption of IFRS Have Similar Economic Consequences Across Country Classification? A Cross-Sample Comparison of Developed Versus Developing Countries PDF Online Free

Author : Solomon George Zori
Publisher :
ISBN 13 :
Total Pages : 53 pages
Book Rating : 4.:/5 (13 download)

DOWNLOAD NOW!

Book Synopsis Does Mandatory Adoption of IFRS Have Similar Economic Consequences Across Country Classification? A Cross-Sample Comparison of Developed Versus Developing Countries by : Solomon George Zori

Download or read book Does Mandatory Adoption of IFRS Have Similar Economic Consequences Across Country Classification? A Cross-Sample Comparison of Developed Versus Developing Countries written by Solomon George Zori and published by . This book was released on 2019 with total page 53 pages. Available in PDF, EPUB and Kindle. Book excerpt: This study examines the economic consequences of mandatory International Financial Reporting Standards (IFRS) adoption from firm and country level perspective, and across country classification (developing vs. developed economy). Using a global sample of firms from 59 countries spanning from 1993-2016, and applying difference-in-differences design, we analyze the induced changes in the cost of equity/debt capital following IFRS adoption. We find that mandatory adopters in developing countries are more likely to experience significant decreases in the cost of capital in the post-adoption period than firms in developed countries. Furthermore, we find that this is also the case if the firms are located in countries that exhibit low governance quality. In developed countries, IFRS adoption seems most beneficial to firms which are located in strong shareholder protection regimes, whereas high governance quality does not show positive effects. On country level, however, we do not find evidence that mandatory IFRS adopters experience a decrease in the cost of debt in the post adoption period, neither for developing nor for developed countries. Overall, our findings suggest positive economic consequences of mandatory IFRS adoption for firms in developing countries, even if these countries exhibit weaknesses in institutional settings.

Mandatory IFRS Adoption and Institutional Investment Decisions

Author : Annita Florou
Publisher :
ISBN 13 :
Total Pages : 54 pages
Book Rating : 4.:/5 (129 download)

DOWNLOAD NOW!

Book Synopsis Mandatory IFRS Adoption and Institutional Investment Decisions by : Annita Florou

Download or read book Mandatory IFRS Adoption and Institutional Investment Decisions written by Annita Florou and published by . This book was released on 2012 with total page 54 pages. Available in PDF, EPUB and Kindle. Book excerpt: We examine whether the mandatory introduction of International Financial Reporting Standards leads to an increase in institutional investor demand for equities. Using a large ownership database covering all types of institutional investors from around the world, we find that institutional holdings increase for mandatory IFRS adopters. Changes in holdings are concentrated around first-time annual reporting events. Second, we document that the positive IFRS effects on institutional holdings are concentrated among investors whose orientation and styles suggest they are most likely to benefit from higher quality financial statements, including active, value and growth investors. This result is consistent with the holdings changes being associated with the financial reporting regime change. Finally, we show that increased institutional holdings are concentrated in countries where enforcement and reporting incentives are strongest, and where the differences between local GAAP and IFRS are relatively high. Overall, our study helps shed new light on the channels by which IFRS information becomes impounded in market outcomes.

Managing the Transition to IFRS-Based Financial Reporting

Author : Lisa Weaver
Publisher : John Wiley & Sons
ISBN 13 : 1118644123
Total Pages : 415 pages
Book Rating : 4.1/5 (186 download)

DOWNLOAD NOW!

Book Synopsis Managing the Transition to IFRS-Based Financial Reporting by : Lisa Weaver

Download or read book Managing the Transition to IFRS-Based Financial Reporting written by Lisa Weaver and published by John Wiley & Sons. This book was released on 2014-05-16 with total page 415 pages. Available in PDF, EPUB and Kindle. Book excerpt: The one-stop guide to transitioning to IFRS financial reporting The International Financial Reporting Standards (IFRS) have already been adopted in Europe, and plans are in place to transition to IFRS reporting in the UK, India, Japan, and other major economies. The US is deliberating the nature of its convergence with IFRS and US entities will need to understand the implications of transition. This means all finance managers and financial controllers will be responsible, not only for understanding IFRS, but for making the transition and dealing with implications. Managing the Transition to IFRS-Based Financial Reporting is a one-stop resource for navigating this major change. Case studies and project management advice help move smoothly from GAAP to IFRS principles and requirements. Managing the Transition to IFRS-Based Financial Reporting is the only book on the market that focuses on both the accounting and non-accounting implications of IFRS transition. This complete approach will guide you from the history and conceptual basis of IFRS through each stage of the transition process, ensuring expert change management and fluid communication from start to finish. Takes a holistic approach, covering non-accounting implications like educating and communicating IFRS requirements Provides case studies to illustrate best practices for moving to the new international standards Provides a framework for planning and executing the entire IFRS transition project With nearly two decades of financial training experience, author Lisa Weaver is imminently qualified to deliver clear, concise, and understandable content. In addition, the reference material and other resources in Managing the Transition to IFRS-Based Financial Reporting will help you simplify the transition and take advantage of all the benefits IFRS reporting confers.

International Financial Reporting Standards Implementation

Author : Mohammad Nurunnabi
Publisher : Emerald Group Publishing
ISBN 13 : 1801174407
Total Pages : 440 pages
Book Rating : 4.8/5 (11 download)

DOWNLOAD NOW!

Book Synopsis International Financial Reporting Standards Implementation by : Mohammad Nurunnabi

Download or read book International Financial Reporting Standards Implementation written by Mohammad Nurunnabi and published by Emerald Group Publishing. This book was released on 2021-08-23 with total page 440 pages. Available in PDF, EPUB and Kindle. Book excerpt: Contributions to International Accounting aims to address a vital gap in research by focusing on providing relevant and timely studies on International Financial Reporting Standards implementation for local and international policymakers.

International Financial Reporting Standards Implementation

Author : Mohammad Nurunnabi
Publisher : Emerald Group Publishing
ISBN 13 : 1801174423
Total Pages : 276 pages
Book Rating : 4.8/5 (11 download)

DOWNLOAD NOW!

Book Synopsis International Financial Reporting Standards Implementation by : Mohammad Nurunnabi

Download or read book International Financial Reporting Standards Implementation written by Mohammad Nurunnabi and published by Emerald Group Publishing. This book was released on 2021-08-23 with total page 276 pages. Available in PDF, EPUB and Kindle. Book excerpt: Contributions to International Accounting aims to address a vital gap in research by focusing on providing relevant and timely studies on International Financial Reporting Standards implementation for local and international policymakers.

International Financial Reporting Standards (IFRS) and the Institutional Environment

Author : Michael J. Neel
Publisher :
ISBN 13 :
Total Pages : pages
Book Rating : 4.:/5 (818 download)

DOWNLOAD NOW!

Book Synopsis International Financial Reporting Standards (IFRS) and the Institutional Environment by : Michael J. Neel

Download or read book International Financial Reporting Standards (IFRS) and the Institutional Environment written by Michael J. Neel and published by . This book was released on 2012 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt: Comparability is a desirable qualitative characteristic of financial information and critical for financial statement users' ability to identify and understand similarities and differences in financial results among reporting entities. Yet, little research explicitly considers either the determinants or benefits of comparability because of difficulty in identifying and measuring the theoretical construct of comparability. Further, the widespread global adoption of IFRS, a relatively homogenous set of accounting standards, is expected to increase comparability among companies that operate in different national jurisdictions. However, prior studies that examine the average impact of mandatory IFRS adoption on comparability find mixed results. I hypothesized that the impact of mandatory IFRS adoption on comparability varies with managers' reporting incentives and differences between countries' domestic standards and IFRS. Using listed firms from 34 countries, I documented that comparability under non-IFRS domestic standards is higher in countries that provide strong reporting incentives (i.e. countries with strict enforcement regimes or high earnings transparency). Additionally, I found an increase in comparability following IFRS adoption (relative to a control sample of non-adopters) in countries that provide strong reporting incentives or with large domestic GAAP-IFRS differences. In contrast, I found evidence of a decrease following IFRS adoption (relative to a control sample of non-adopters) in countries with weak reporting incentives or with small domestic GAAP-IFRS differences. Finally, I showed that changes in comparability surrounding adoption are positively associated with changes in the quality of firms' information environments.

Auditing, Trust and Governance

Author : Reiner Quick
Publisher : Routledge
ISBN 13 : 1134060238
Total Pages : 381 pages
Book Rating : 4.1/5 (34 download)

DOWNLOAD NOW!

Book Synopsis Auditing, Trust and Governance by : Reiner Quick

Download or read book Auditing, Trust and Governance written by Reiner Quick and published by Routledge. This book was released on 2007-10-31 with total page 381 pages. Available in PDF, EPUB and Kindle. Book excerpt: The reputation of corporate reporting has been in crisis. Trust in the process of financial accounting and auditing has been undermined by a series of high profile scandals involving major corporations, including Enron, Parmalat, Ahold, and Worldcom. In response, regulators and practitioners world-wide have put forward a series of initiatives to re

A Missing Link? How Selection Effects Shape Evidence on the Market Benefits of Mandatory IFRS Adoption

Author : Joerg-Markus Hitz
Publisher :
ISBN 13 :
Total Pages : 54 pages
Book Rating : 4.:/5 (13 download)

DOWNLOAD NOW!

Book Synopsis A Missing Link? How Selection Effects Shape Evidence on the Market Benefits of Mandatory IFRS Adoption by : Joerg-Markus Hitz

Download or read book A Missing Link? How Selection Effects Shape Evidence on the Market Benefits of Mandatory IFRS Adoption written by Joerg-Markus Hitz and published by . This book was released on 2018 with total page 54 pages. Available in PDF, EPUB and Kindle. Book excerpt: Since 2005, the year of mandatory application of International Financial Reporting Standards (IFRS) in many jurisdictions worldwide, the number of listed firms in these countries has been on the decline, compared to non-IFRS jurisdictions. We posit that this decrease is, among other things, consistent with regulatory avoidance by specific firms that opt to leave regulated stock exchanges and hence the IFRS mandate due to unfavorable cost-benefit tradeoffs. These firm reactions to the regulation likely create a selection effect in studies that investigate economic outcomes of mandatory IFRS adoption. For a global sample of firms, we find evidence in line with systematic opt outs from IFRS. Conducting a cross-country study of the effects of mandatory IFRS adoption on liquidity, we then corroborate previous evidence of liquidity effects, which are clustered in countries that installed enforcement mechanisms concurrent with the IFRS mandate. However, when we incorporate the predicted treatment selection effect into our model, we show that our treatment selection effect explains liquidity findings in the post IFRS period beyond the commonly documented IFRS, EU, and enforcement variation. Taken together, our findings provide a new perspective on the effects of mandatory IFRS adoption by shedding light on a novel “causal path” from mandatory IFRS adoption to positive market outcomes.

Wiley International Trends in Financial Reporting under IFRS

Author : Abbas A. Mirza
Publisher : John Wiley & Sons
ISBN 13 : 1118233824
Total Pages : 1001 pages
Book Rating : 4.1/5 (182 download)

DOWNLOAD NOW!

Book Synopsis Wiley International Trends in Financial Reporting under IFRS by : Abbas A. Mirza

Download or read book Wiley International Trends in Financial Reporting under IFRS written by Abbas A. Mirza and published by John Wiley & Sons. This book was released on 2012-10-05 with total page 1001 pages. Available in PDF, EPUB and Kindle. Book excerpt: Wiley International Financial Reporting Trends provides copious examples of footnote disclosures and financial statement formats, carefully culled from the world's leading international companies ("Global 500") that are already compliant with IFRS and report under IFRS standards promulgated by the International Accounting Standards Board, the IASB. Arranged topically, this book is a quick source of reference to find answers to issues of interest to financial statement preparers. It provides hundreds of illustrations taken from financial statements prepared under IFRS by global conglomerates thereby helping preparers and users of financial statements to expeditiously obtain examples of footnote disclosures and financial statements presented under these Standards which are popularly referred to as "principles-based" standards (as opposed to "rules-based" standards). Additionally, Wiley International Financial Reporting Trends contains comparisons of IFRS to US GAAP, Indian GAAP, and Chinese GAAP, making it a truly global reference resource.

COMPANY VALUATION UNDER IFRS - 3RD EDITION

Author : Nick Antill
Publisher : Harriman House Limited
ISBN 13 : 0857197770
Total Pages : 286 pages
Book Rating : 4.8/5 (571 download)

DOWNLOAD NOW!

Book Synopsis COMPANY VALUATION UNDER IFRS - 3RD EDITION by : Nick Antill

Download or read book COMPANY VALUATION UNDER IFRS - 3RD EDITION written by Nick Antill and published by Harriman House Limited. This book was released on 2020-02-11 with total page 286 pages. Available in PDF, EPUB and Kindle. Book excerpt: Revised and updated. The influence of International Financial Reporting Standards (IFRS) on accounting across the world is stronger than ever. Most importantly, this stems from the mandatory adoption of IFRSs in many parts of the world, including Europe, Canada, Australia, Brazil and, with some relatively small exceptions, China. Additionally, foreign registrants in the US are also permitted to use IFRS by the SEC. The impact of IFRSs also extends to accounting developments as the IASB and the FASB work closely together to formulate new standards such as those recently issued on leasing and revenue recognition. It is clear that investors, analysts and valuers need to understand financial statements produced under IFRS to feed in to their valuations and broader investment decisions. Written by practitioners for practitioners, the book addresses valuation from the viewpoint of the analyst, the investor and the corporate acquirer. It starts with valuation theory: what is to be discounted and at what discount rate? It explains the connection between standard methodologies based on free cash flow and on return on capital. And it emphasizes that, whichever method is used, accurate interpretation of accounting information is critical to the production of sensible valuations. The authors argue that forecasts of cash flows imply views on profits and balance sheets, and that non-cash items contain useful information about future cash flows - so profits matter. The book addresses the implications for analysis, modelling and valuation of key aspects of IFRS, all updated for recent developments, including: - Pensions - Stock options - Derivatives - Provisions - Leases - Revenue recognition - Foreign currency The text also sets out the key differences between IFRS and US GAAP treatments of these issues, in addition to their implications for analysis. A detailed case study is used to provide a step-by-step valuation of an industrial company using both free cash flow and economic profit methodologies. The authors then address a range of common valuation problems, including cyclical or immature companies, as well as the specialist accounting and modelling knowledge required for regulated utilities, resource extraction companies, banks, insurance companies, real estate companies and technology companies. Accounting for mergers and disposals is first explained and then illustrated with a detailed potential acquisition.