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The Impact Of Ifrs 8 On Segment Disclosure Practice
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Book Synopsis The Impact of IFRS 8 on Segment Disclosure Practice by : Manuela Lucchese
Download or read book The Impact of IFRS 8 on Segment Disclosure Practice written by Manuela Lucchese and published by . This book was released on 2017 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt: The study examines the effectiveness of IFRS 8, effective since 2009, in relation to both the magnitude of segment disclosures and the firms' characteristics that might affect the disaggregated disclosure policies decisions, on Italian listed companies during the period 2008-2012.The results show that on average, the new standard did not lead to relevant changes in the segment disclosures as previously stated under IAS 14R, thus demonstrating inconsistency with the expectations of the IASB. In addition, we demonstrated, by employing a fixed-effect regression, that the magnitude of segment disclosure is negatively associated with growth rate, size, profitability and ownership diffusion.The present study contributes to the extant literature in terms of the PIR review, discussing the effectiveness of IFRS 8 some years after adoption, and not merely considering the first year, where the results may be affected by the learning curve effect in countries less familiar with Anglo-Saxon accounting.
Author :Martin Nienhaus Publisher :Peter Lang Gmbh, Internationaler Verlag Der Wissenschaften ISBN 13 :9783653056532 Total Pages :0 pages Book Rating :4.0/5 (565 download)
Book Synopsis Segment Reporting Under IFRS 8 by : Martin Nienhaus
Download or read book Segment Reporting Under IFRS 8 written by Martin Nienhaus and published by Peter Lang Gmbh, Internationaler Verlag Der Wissenschaften. This book was released on 2015 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: This study analyzes the impact of introducing IFRS 8 on segment reporting practice and its economic consequences. The results show that segment information based on the management approach is a useful decision, it mitigates information asymmetries, reduces the cost of capital and also affects the work of financial analysts.
Author :Martin Nienhaus Publisher :Münsteraner Schriften zur Internationalen Unternehmensrechnung ISBN 13 :9783631664582 Total Pages :0 pages Book Rating :4.6/5 (645 download)
Book Synopsis Segment Reporting Under IFRS 8 by : Martin Nienhaus
Download or read book Segment Reporting Under IFRS 8 written by Martin Nienhaus and published by Münsteraner Schriften zur Internationalen Unternehmensrechnung. This book was released on 2015 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: This study analyzes the impact of introducing IFRS 8 on segment reporting practice and its economic consequences. The results show that segment information based on the management approach is a useful decision, it mitigates information asymmetries, reduces the cost of capital and also affects the work of financial analysts.
Book Synopsis Segmental Reporting Quality After IFRS 8 by : Ahmed Aboud
Download or read book Segmental Reporting Quality After IFRS 8 written by Ahmed Aboud and published by . This book was released on 2014 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt: While the IASB had reduced the differences between SFAS & IFRS, in that IFRS 8 (Segment reporting) is a copy of the US SFAS 131, the quality of segment disclosure after IFRS 8 is under question. The European Parliament endorsed IFRS 8 after a great deal of scrutiny and much debate. Although the endorsement indicated approval of IFRS 8 by the European Union countries, the EU Parliament expressed reservations and regrets about the standard. In this context, this study addresses the effectiveness of IFRS 8 in improving the quality of segmental reporting in EU. However, quality assessment is a complex issue and prior studies have used different definitions and measures for disclosure quality, this study also assesses the impact of using alternative proxies for disclosure quality. Findings document conflicting evidence on the impact of IFRS 8 on disclosure practices. While the quantity of information decreased for the two years after the adoption of the new standard, the fineness of information significantly improved. Similarly, cross segment variability and consistency dimensions show slightly improvement in the post IFRS 8 periods. Furthermore, the empirical evidence indicates a complementary relationship between the four dimensions, suggesting the impossibility of adequately describing segmental disclosure quality in terms of a single dimension. This study contributes to literature in two ways. Firstly, it contributes to disclosure literature by helping to appropriately define and measure the quality of segmental information. Secondly, it provides evidence on the effectiveness of a debatable standard, IFRS 8.
Book Synopsis The Impact of IFRS 8 on Geographical Segment Information by : Edith Leung
Download or read book The Impact of IFRS 8 on Geographical Segment Information written by Edith Leung and published by . This book was released on 2015 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt: This study investigates how the introduction of IFRS 8 affects segment disclosures for a large sample of European firms. In contrast to prior research we focus on geographical segments. Similar to SFAS 131, IFRS 8 aims to improve segment disclosures by requiring a “management approach”, which introduces considerable reporting discretion. We compare a hand-collected sample of restated IFRS 8 segment disclosures with historical IAS 14R disclosures. We find that geographical segments are more disaggregated under IFRS 8, although the number of financial items per segment and the likelihood of reporting segmental earnings decline. More importantly, we document predictable heterogeneity in the disclosure quality of segment information. First, we find that firms reporting poorly under IAS 14 continue to do so under IFRS 8, suggesting more cross-sectional divergence under the latter standard. Second, our results show that the impact of IFRS 8 varies with corporate transparency. Finally, we fail to document any clear economic and informational effects post IFRS 8, even for firms that exhibit disclosure quality improvements. Overall, we provide comprehensive evidence on the effects of IFRS 8 on geographical segment information and show that prior reporting behavior is a useful indicator for the impact of a new standard.
Book Synopsis The International Financial Reporting Standard 8: Operating Segments by : Ghassan Hani Mardini
Download or read book The International Financial Reporting Standard 8: Operating Segments written by Ghassan Hani Mardini and published by LAP Lambert Academic Publishing. This book was released on 2012-07 with total page 380 pages. Available in PDF, EPUB and Kindle. Book excerpt: The International Accounting Standards Board (IASB) issued International Financial Reporting Standard No. 8 (IFRS 8) "Operating Segments" in November 2006 as a part of its convergence programme with the Financial Accounting Standards Board (FASB); the new standard became effective for periods beginning on or after 1/January/2009 (IASB, 2006a). IFRS 8 supersedes the previous international accounting standard (IAS): IAS 14 Revised (IAS 14R) "Segment Reporting" (IASC, 1997). There are two main objectives to this study: (i) to assess the impact of IFRS 8 on the segmental disclosures of Jordanian listed firms in their annual reports for 2009 when the standard became effective; and (ii) to explore the perceptions of external auditors, preparers and users (investors and analysts) of financial statements about this new segmental reporting standard. A decision usefulness theoretical framework underpins the research; the research was carried out by using a disclosure index analysis and semi-structured interviews. The research is located in Burrell and Morgan's (1979) functionalist paradigm using a decision usefulness theory lens.
Book Synopsis The Impact of Increased Standard Flexibility on Disclosure Practices by :
Download or read book The Impact of Increased Standard Flexibility on Disclosure Practices written by and published by . This book was released on 2015 with total page 203 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis Segment Reporting by : International Accounting Standards Committee
Download or read book Segment Reporting written by International Accounting Standards Committee and published by . This book was released on 1997 with total page 58 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis Operating Segments by : Dr. Louise Crawford
Download or read book Operating Segments written by Dr. Louise Crawford and published by . This book was released on 2012 with total page 63 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis Segment Disclosure Quantity and Quality Under IFRS 8 by : Paul André
Download or read book Segment Disclosure Quantity and Quality Under IFRS 8 written by Paul André and published by . This book was released on 2016 with total page 51 pages. Available in PDF, EPUB and Kindle. Book excerpt: Focusing on segment disclosures under the management approach, we investigate managers' choices with respect to both segment reporting quantity and quality and the usefulness of these two characteristics for financial analysts. We measure quantity as the number of segment-level line items and quality as the cross-segment variation in profitability -- arguing that more managerial discretion can be exercised over quality than over quantity. We find that managers solve proprietary concerns either by deviating from the suggested line-item disclosure in the standard, or, if following standard guidance, by decreasing segment reporting quality. Moreover, financial analysts do not always understand the quality of segment disclosures, suggesting that a business-model type of standard creates difficulties even for sophisticated users. Our results inform standard setters as they start working on a disclosure framework and as they consider the business model approach to financial reporting.
Book Synopsis IFRS 8 Operating Segments by : International Accounting Standards Board
Download or read book IFRS 8 Operating Segments written by International Accounting Standards Board and published by . This book was released on 2006 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis A Comparative Study of Segment Reporting Under AS-17 and IFRS 8 by : D.D. Bedia
Download or read book A Comparative Study of Segment Reporting Under AS-17 and IFRS 8 written by D.D. Bedia and published by . This book was released on 2016 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper examines the benefits of adopting International Financial Reporting Standards (IFRS) by Indian entities and further examines the effect of adoption of IFRS on companies' segment reporting as compared to segment reporting under Indian GAAP (IGAAP). It studies the impact of adoption of IFRS 8 by taking the case of M/s Sify Technologies Ltd., an Indian listed entity and presents a detailed analysis of differences in the segment disclosures data under the new standard IFRS 8 vis-à-vis the Indian Accounting Standard, AS-17. It is observed from the study that there are certain marked deviations in segment profit and loss as disclosed by the financial statements of M/s Sify Technologies Ltd. as reported under IGAAP and those reported under IFRS. The major difference between the two reporting is the information given and the presentation requirement. Further, under IFRS 8, the disclosure requirements related to geographical segments are significantly reduced or in most of the cases completely lost, which is a major concern to stakeholders. Further, there will be lack of comparability of segment information between companies as IFRS provides discretion to the Chief Operating Decision Maker to choose what to disclose and the manner in which the information can be disclosed.
Book Synopsis Segment Reporting by : Mark Aleksanyan
Download or read book Segment Reporting written by Mark Aleksanyan and published by . This book was released on 2015 with total page 46 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper contributes to the debate on segment reporting standards in the UK and Europe and, specifically, the merit of IFRS 8 relative to predecessor standards (SSAP 25 and IAS 14R). We carry out a longitudinal analysis of segment reporting practices of a large sample of listed UK companies, covering all three reporting regimes. Using the Proprietary Cost Theory (PCT) as our theoretical lens, we present evidence consistent with PCT, that proprietary costs considerations influence companies' segment disclosure choices. We show that when companies are required to disclose more detailed accounting information for geographical segments (e.g., when geography is the basis of operating segments, under IFRS 8, or primary segments, under IAS 14R), they choose to define geographical segments in broader geographic areas terms than was the case under SSAP 25. We find that although companies disclose greater quantity of segmental information under IFRS 8 and IAS 14R (than SSAP 25), the more recent standards brought about a notable reduction in (i) the level of specificity of the disclosed geographical segments, and (ii) the quantity of disclosed geographic segment profit data - one of the most important data types for users. While this may have reduced the proprietary costs of segment disclosures, the reduction in disclosure of segmental performance data may have reduced the usefulness of segment reports to investors.
Book Synopsis The Impact of IFRS 8 on Analysts' Information Environment by : Ahmed Aboud
Download or read book The Impact of IFRS 8 on Analysts' Information Environment written by Ahmed Aboud and published by . This book was released on 2014 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt: While the IASB had reduced the differences between SFAS & IFRS, in that IFRS 8 (Segment reporting) is a copy of the US SFAS 131, the quality of segment disclosure after IFRS 8 is under question. The European Parliament endorsed IFRS 8 after a great deal of scrutiny and much debate. Although the endorsement indicated approval of IFRS 8 by the European Union countries, the EU Parliament expressed reservations and regrets about the standard. It has been reported that IFRS 8 achieved the expected objectives, although financial statement users disputing the principle of the core standard. Therefore this paper responds to the call of IASB (2013) and examines the impact of IFRS8 adoption on analysts' information environment using a sample from EU countries for four successive years. The empirical evidence indicates that segment disclosure quality measured by the disaggregation of geographical information is positively associated with the accuracy of analysts forecast and also positively associated with the dispersion. It also supports the benefits of IFRS8 to the properties analyst earnings forecasts. We document increased forecast accuracy and agreement after the switch to IFRS8.Moreover, we find that the adoption of IFRS8 is associated with an increase in the information that has additional value to analyst forecasts while it decreases the irrelevant information.
Book Synopsis The Impact of IFRS 8 on Segmental Reporting by Jordanian Listed Companies by : Ghassan H. Mardini
Download or read book The Impact of IFRS 8 on Segmental Reporting by Jordanian Listed Companies written by Ghassan H. Mardini and published by . This book was released on 2012 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis Politics Or Accounting Principles by : Louise Crawford
Download or read book Politics Or Accounting Principles written by Louise Crawford and published by . This book was released on 2010 with total page 31 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis The Decision Usefulness Theory of Accounting by : George J. Staubus
Download or read book The Decision Usefulness Theory of Accounting written by George J. Staubus and published by Routledge. This book was released on 2013-02-01 with total page 336 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book ties together selected contributions by George Staubus to the early development of the decision-usefulness theory of financial accounting--the theory that has become generally accepted accounting theory in the last half of the twentieth century and is the basis for the FASB's conceptual framework.
