Read Books Online and Download eBooks, EPub, PDF, Mobi, Kindle, Text Full Free.
Download The Impact Of Ifrs On Earnings Management In The Uk full books in PDF, epub, and Kindle. Read online The Impact Of Ifrs On Earnings Management In The Uk ebook anywhere anytime directly on your device. Fast Download speed and no annoying ads. We cannot guarantee that every ebooks is available!
Author : Bo Sun
Publisher :
ISBN 13 :
Total Pages : 0 pages
Book Rating : 4.:/5 (137 download)
Download or read book The Impact of IFRS on Earnings Management in the UK. written by Bo Sun and published by . This book was released on 2009 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Author : Mahmoud Abdelkader Abdelrahman
Publisher :
ISBN 13 :
Total Pages : 152 pages
Book Rating : 4.:/5 (11 download)
Download or read book Incentives Or Standard? written by Mahmoud Abdelkader Abdelrahman and published by . This book was released on 2017 with total page 152 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Author : Jennifer Francis
Publisher : Now Publishers Inc
ISBN 13 : 1601981147
Total Pages : 97 pages
Book Rating : 4.6/5 (19 download)
Download or read book Earnings Quality written by Jennifer Francis and published by Now Publishers Inc. This book was released on 2008 with total page 97 pages. Available in PDF, EPUB and Kindle. Book excerpt: This review lays out a research perspective on earnings quality. We provide an overview of alternative definitions and measures of earnings quality and a discussion of research design choices encountered in earnings quality research. Throughout, we focus on a capital markets setting, as opposed, for example, to a contracting or stewardship setting. Our reason for this choice stems from the view that the capital market uses of accounting information are fundamental, in the sense of providing a basis for other uses, such as stewardship. Because resource allocations are ex ante decisions while contracting/stewardship assessments are ex post evaluations of outcomes, evidence on whether, how and to what degree earnings quality influences capital market resource allocation decisions is fundamental to understanding why and how accounting matters to investors and others, including those charged with stewardship responsibilities. Demonstrating a link between earnings quality and, for example, the costs of equity and debt capital implies a basic economic role in capital allocation decisions for accounting information; this role has only recently been documented in the accounting literature. We focus on how the precision of financial information in capturing one or more underlying valuation-relevant constructs affects the assessment and use of that information by capital market participants. We emphasize that the choice of constructs to be measured is typically contextual. Our main focus is on the precision of earnings, which we view as a summary indicator of the overall quality of financial reporting. Our intent in discussing research that evaluates the capital market effects of earnings quality is both to stimulate further research in this area and to encourage research on related topics, including, for example, the role of earnings quality in contracting and stewardship.
Author : Uptal Bhattacharya
Publisher :
ISBN 13 : 9789616430258
Total Pages : 27 pages
Book Rating : 4.4/5 (32 download)
Download or read book The world price of earnings opacity written by Uptal Bhattacharya and published by . This book was released on 2002 with total page 27 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Author : Kousay Said
Publisher :
ISBN 13 :
Total Pages : 16 pages
Book Rating : 4.:/5 (13 download)
Download or read book The Impact of IFRS Adoption on Earnings Management - Results from Canada written by Kousay Said and published by . This book was released on 2019 with total page 16 pages. Available in PDF, EPUB and Kindle. Book excerpt: The purpose of this paper is to find out the impact of the adoption of IFRS on the practice of earnings management. It provides empirical results using panel data from 2000 to 2018 of the 19,869 firm-year observations of available data from 791 Canadian firms based on the Modified Jones model. The result of our study supports that there is the existence of earnings management practice. The overall result was negative but not significant suggesting adopting IFRS has no direct influence on earnings management used among publicly listed firms. In addition, this paper examined the influence of firm factors (independent variables) of leverage, return on assets, and enrings growth, the interaction variables of IFRS adoption on earnings management. Obtained results in this paper indicate the interaction variable of IFRS adoption is positively related with earnings management, but not significant, suggesting that adopting IFRS has no direct influence on earnings management used among publicly listed firms.
Author : Henghsiu Lin
Publisher :
ISBN 13 :
Total Pages : 33 pages
Book Rating : 4.:/5 (62 download)
Download or read book The Effect of Financial Systems on Earnings Management Among Firms Reporting Under IFRS written by Henghsiu Lin and published by . This book was released on 2005 with total page 33 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Author : Leonidas C. Doukakis
Publisher :
ISBN 13 :
Total Pages : 46 pages
Book Rating : 4.:/5 (13 download)
Download or read book The Effect of Mandatory IFRS Adoption on Real and Accrual-Based Earnings Management Activities written by Leonidas C. Doukakis and published by . This book was released on 2014 with total page 46 pages. Available in PDF, EPUB and Kindle. Book excerpt: This study examines the effect of mandatory adoption of International Financial Reporting Standards (IFRS) on both accrual-based and real earnings management. While prior literature has mainly examined the effects of IFRS adoption on accrual-based earnings management, no study to date has focused on the impact of IFRS adoption on real earnings management. Using a sample of 15,206 observations from 22 European countries between 2000 and 2010, this study employs a control sample of voluntary adopters and applies a differences-in-differences design to control for confounding concurrent events. The results suggest that mandatory IFRS adoption had no significant impact on either real or accrual-based earnings management practices. Additional analysis on a sub-sample of firms with relatively strong earnings management incentives supports a dominant role for firm-level reporting incentives over accounting standards in shaping financial reporting quality.
Author : Marcus Salewski
Publisher :
ISBN 13 :
Total Pages : 50 pages
Book Rating : 4.:/5 (13 download)
Download or read book Short-Term and Long-Term Effects of IFRS Adoption on Disclosure Quality and Earnings Management written by Marcus Salewski and published by . This book was released on 2014 with total page 50 pages. Available in PDF, EPUB and Kindle. Book excerpt: This study investigates the effect of IFRS adoption on the transparency of financial reporting in Germany. Using a sample of listed companies ranging from 1995 to 2012, we separately analyze the effect of IFRS adoption on disclosure quality and the degree of earnings management. We use disclosure quality scores of an annual report 'beauty contest' published by the German business journal manager magazin to proxy for disclosure quality and discretionary accruals from the Kothari et al. (2005) model to proxy for the degree of earnings management. We hypothesize and find that IFRS adoption is associated with an increase in disclosure quality and with an increase in the extent of earnings management. Although these results seem confounding in the light of the assumed superiority of IFRS over German GAAP, we argue that low compliance, lack of experience and weak enforcement in the early years of IFRS adoption drive the latter result. Based on this notion, we show that the degree of earnings management decreases significantly from the early to the mature phase of IFRS reporting. Finally, we show that disclosures have the potential to constrain earnings management.
Author : Kosgollage Anura Udayakumara
Publisher :
ISBN 13 :
Total Pages : 17 pages
Book Rating : 4.:/5 (13 download)
Download or read book The Impact of IFRS/SLFRS Adoption on the Earnings Management of Sri Lankan Firms written by Kosgollage Anura Udayakumara and published by . This book was released on 2020 with total page 17 pages. Available in PDF, EPUB and Kindle. Book excerpt: The aim of this study is to examine the earnings management behavior of Sri Lankan firms following mandatory adoption of International Financial Reporting Standards (IFRS/SLFRS). Especially, this study investigates whether the mandatory adoption of IFRS/SLFRS in the Sri Lanka has resulted in deterring earnings management for Sri Lankan firms. Prior to the adoption of IFRS/SLFRS for financial years beginning 1 January 2012, Sri Lankan firms reported under Sri Lankan Accounting Standards (SLAS). Thus, this study predicted that the earnings management has decreased significantly after mandatory adoption of IFRS/SLFRS in 2012. The sample this study consists of 157 firms listed on the Colombo Stock Exchange and data were collected from financial years 2009/2010 to 2013/2014. This study uses five individual measures of earnings management relating to earnings smoothing and managing towards earnings targets. Firms are said to have reduced their earnings management if they display lower levels of earnings smoothing and less management towards earnings targets. Contrary to the prediction, the results of this study reveal that Sri Lankan firms exhibit higher level of earnings smoothing after mandatory adoption of IFRS/SLFRS and thereby indicative of higher level of earnings management. However, consistent with the prediction Sri Lankan firms display lower level earnings management in term of less managing towards earning targets. The level of earning management is one aspect of reporting quality of a firm. Therefore, lower level of earnings management is in turn reflecting better reporting quality. Thus, These findings suggest that there is room for further improvement in order to ensure that firms consistently apply the requirement of IFRS/SLFRS and make improvements in all aspects of reporting quality.
Author : Aikaterini Ferentinou
Publisher :
ISBN 13 :
Total Pages : pages
Book Rating : 4.:/5 (13 download)
Download or read book Accrual-Based and Real Earnings Management Before and After IFRS Adoption written by Aikaterini Ferentinou and published by . This book was released on 2016 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt: Purpose: The aim of this study is to examine the use of accrual-based vs. real earnings management by Greek firms, before and after the mandatory adoption of International Financial Reporting Standards (IFRS). The research is motivated by the fact that past studies have indicated the existence of significant levels of earnings management (EM) for Greece in particular before IFRS.Design/methodology/approach: Accrual-based earnings management (AEM) is examined by assessing performance-adjusted discretionary accruals, while real earnings management (REM) is defined in terms of abnormal levels of production costs, discretionary expenses, and cash flows from operations, for a three-year period before and after the adoption of IFRS in 2005.Findings: We find evidence on a statistically significant shift from AEM to REM after the adoption of IFRS, indicating the replacement of one form of EM with the other. Research limitations/implications: The validity of the results depends on the ability of the empirical models used to efficiently capture the existence of AEM and REM.Practical implications: IFRS adoption aims to improve accounting quality, especially in countries with high need for such an improvement; however, the tendency to substitute one form of EM with another highlights unintended consequences of IFRS adoption, which do not improve the informational content of financial statements if EM continues under different forms.Originality/value: Under the expectation that IFRS adoption should lead to improvements in accounting quality, this study examines whether IFRS actually led to a reduction of EM practices for a country with exceptionally high levels of EM before IFRS, by accounting for all possible forms of EM.
Author : Uchenna, Efobi
Publisher : IGI Global
ISBN 13 : 1466698772
Total Pages : 434 pages
Book Rating : 4.4/5 (666 download)
Download or read book Economics and Political Implications of International Financial Reporting Standards written by Uchenna, Efobi and published by IGI Global. This book was released on 2016-03-08 with total page 434 pages. Available in PDF, EPUB and Kindle. Book excerpt: International Financial Reporting Standards (IFRS) are internationally-recognized financial reporting guidelines regulated by the International Accounting Standards Board (IASB) to ensure that uniformity exists in the global financial system. In addition to regulating financial reporting, the adoption of IRFS has been shown to impact the flow of foreign capital and trade. Economics and Political Implications of International Financial Reporting Standards focuses on the consequences and determinants of the adoption of the International Financial Reporting Standard (IFRS), which has remained a top issue in International Accounting. This timely publication brings to the forefront issues related to the political and economic influences and impacts of IFRS in addition to providing a platform for further research in this area. Policy makers, academics, researchers, graduate-level students, and professionals across the fields of management, economics, finance, international relations, and political science will find this publication pertinent to furthering their understanding of financial reporting at the global level.
Author : Wolfgang Aussenegg
Publisher :
ISBN 13 :
Total Pages : 52 pages
Book Rating : 4.:/5 (129 download)
Download or read book Earnings Management and Local vs. International Accounting Standards of European Public Firms written by Wolfgang Aussenegg and published by . This book was released on 2009 with total page 52 pages. Available in PDF, EPUB and Kindle. Book excerpt: We examine how the transition from local GAAPs to IAS/IFRS of companies that are publicly traded on a European stock exchange affects earnings management. To measure earnings management we apply 15 different proxies. In analyzing 17 European countries and more than 18,000 firm-year observations we observe that companies applying IAS/IFRS experience less earnings management than firms applying domestic standards. However, while this is true for Central European countries, UK and Ireland (English legal origin) as well as Northern European Countries (Scandinavian legal origin) show a different behavior. They already have lower earnings management levels prior to IAS/IFRS adoption compared to the rest of Europe. For these countries the transition from local GAAPs to IAS/IFRS does not change their earnings management behavior. Apart from this, we show that firm size and time have no significant effect on earnings management and that growth firms exhibit higher levels of earnings management. In comparing the results for all 15 earnings management measures we conclude that different measures seem to capture different dimensions of earnings management.
Author : Annika Specht
Publisher : GRIN Verlag
ISBN 13 : 3346650820
Total Pages : 22 pages
Book Rating : 4.3/5 (466 download)
Download or read book Effects of the new revenue recognition policy IFRS 15 for multinational Retail companies written by Annika Specht and published by GRIN Verlag. This book was released on 2022-05-25 with total page 22 pages. Available in PDF, EPUB and Kindle. Book excerpt: Research Paper (postgraduate) from the year 2021 in the subject Business economics - Accounting and Taxes, grade: 88%, Manchester Metropolitan University Business School, course: Corporate Reporting, language: English, abstract: The International Financial Reporting Standard 15 (IFRS 15) - Revenue from Contracts with Customers, announced in May 2014 by the International Accounting Standards Board (IASB) and Financial Accounting Standards Board (FASB), has widely changed the way how companies recognise, measure and disclose revenues. This article investigates the question of whether the objectives to eliminate inconsistencies, improve comparability and increase revenue levels were achieved in practice. The aim is to synthesize previous research on the various effects of the IFRS 15 implementation, specifically the accounting and information effects, and provide empirical evidence for the impact on financial statements. As available literature has identified the effects for the Retail sector only superficially without any quantification, this article aims to bridge current knowledge gaps by focusing on Retail companies. To carry out this research, the author has selected four multinational Retail companies to review qualitative and quantitative information on the IFRS 15 implementation from their annual reports to determine possible accounting and information effects. Results show that IFRS 15 had no significant but slightly positive impact on the financial figures of the selected companies, leading to the conclusion that the persued goal to improve revenue levels turned effective in the Retail sector.
Author : Nelunika Samarasekera
Publisher :
ISBN 13 :
Total Pages : 254 pages
Book Rating : 4.:/5 (881 download)
Download or read book Accounting Quality of UK Firms Under IFRS written by Nelunika Samarasekera and published by . This book was released on 2013 with total page 254 pages. Available in PDF, EPUB and Kindle. Book excerpt: [Truncated abstract] The aims of this study are to examine whether the adoption of International Financial Reporting Standards (IFRS) in the United Kingdom (UK) has resulted in better accounting quality for UK firms and the specific mechanisms which may have contributed to improvements in accounting quality post IFRS. The specific mechanisms I investigate are: (a) the greater use of fair value measurement and associated more extensive disclosure requirements imposed by IFRS compared to UK GAAP (measurement and disclosure), (b) more extensive disclosure requirements alone imposed by IFRS compared to UK Generally Accepted Accounting Principles (UK GAAP) (disclosure only) and, (c) improvements in the regulatory activities and institutional oversight systems in foreign countries that impact on cross listed firms (enforcement). Prior to the adoption of IFRS for financial years beginning 1 January 2005, UK firms reported under UK GAAP. My sample consists of 495 firms listed on the London Stock Exchange and I collect data from calendar years 2000 to mid 2009. I use eight individual measures of accounting quality in the categories of earnings smoothing, managing towards earnings targets, timely loss recognition and value relevance. Firms are said to have improved their accounting quality if they display lower levels of earnings smoothing, less management towards earnings targets, timelier loss recognition and higher levels of value relevance. My results indicate that in general, accounting quality in UK firms improved post IFRS adoption in terms of displaying less management towards earnings targets and improved value relevance. However, there is no evidence that accounting quality improved with regards to reducing earnings smoothing and improving timeliness of loss recognition. Next I investigate the specific mechanisms by which IFRS may have caused accounting quality to improve. The proxies I use to investigate the first mechanism, namely the greater use of fair value measurement and associated disclosure requirements imposed by IFRS, are financial assets, financial liabilities and intangible assets. The results show that the greater use of fair value measurement and more disclosure requirements imposed by IFRS for these three proxies led to improvements in accounting quality by reducing managing towards earnings targets. For the financial assets proxy, there was evidence that the value relevance of accounting numbers improved in terms of the relationship between returns and earnings. However, the other measures of accounting quality did not show improvements. Therefore, the overall result is mixed for this mechanism. Next I investigate the second mechanism whereby I examine whether the greater disclosure requirements alone imposed by IFRS (compared to UK GAAP) for segment reporting led to improvements in accounting quality. As these changes only increased disclosure and are not intended to change earnings measurement practices, this mechanism was tested using only the value relevance measures of accounting quality. There was no evidence that the greater disclosure requirements for segment reporting contributed to improvements in value relevance, thereby accounting quality in UK firms...
Author : Jian Liang
Publisher :
ISBN 13 :
Total Pages : 27 pages
Book Rating : 4.:/5 (13 download)
Download or read book Mandatory IFRS Adoption, Corporate Governance, and Accounting Accruals in the UK and Germany written by Jian Liang and published by . This book was released on 2016 with total page 27 pages. Available in PDF, EPUB and Kindle. Book excerpt: This study examines the impacts of mandatory adoption of International Financial Reporting Standards (IFRS) and corporate governance on accounting accruals in the UK and Germany. There has been a long debate on whether mandating a single set of high quality accounting standards, i.e. IFRS, leads to higher quality of accounting earnings. Some treat accounting standards as the sole determinant of accounting quality and find higher quality of accounting numbers in IFRS adoption countries; while others show that reporting incentives dominate accounting standards in determining accounting quality. Using hand-collected corporate governance data in companies' annual reports throughout the sample period 2001-2013, we operationalize reporting incentives by constructing a score that rates the overall effectiveness of a firm's corporate governance and highlight the following main findings. First, the magnitude of discretionary accruals in our sample has not changed since the 2005 mandatory IFRS adoption; meanwhile, the volatility of accrual residuals estimated by Dechow and Dichev (2002) model has become larger in IFRS adoption period, suggesting lower quality of IFRS accounting numbers. Second, firms with better corporate governance and therefore less earnings management incentive are associated with higher accounting quality, i.e. smaller sizes of discretionary accruals and lower volatilities of accrual residuals. Our results are in line with Ball et al. (2003), suggesting that incentives act as a deciding factor in improving accounting quality.
Author : Paulina Sutrisno
Publisher :
ISBN 13 :
Total Pages : 11 pages
Book Rating : 4.:/5 (13 download)
Download or read book The Effect of IFRS Convergence on Earnings Quality written by Paulina Sutrisno and published by . This book was released on 2018 with total page 11 pages. Available in PDF, EPUB and Kindle. Book excerpt: Objective -The purpose of this research is to examine the impact of the International Financial Reporting Standard (IFRS) convergence in Indonesia on earnings quality. Methodology/Technique - Earnings quality is measured on both accrual earnings management and real earnings management. Indonesia began convergence IFRS in 2012. IFRS is considered capable of improving comparability, transparency, and earnings information, which is expected to ultimately improve earnings quality. The sample in this research uses manufacturing firms listed on the Indonesian Stock Exchange that were suspected to avoid loss during the observation period. The data consist of 45 companies examined between 2008 and 2015. Results -This study uses statistical methods and multiple regression linear to analyse the data. The research results show that IFRS convergence in Indonesia has had a negative impact on accrual earnings management and no impact on real earnings management. Novelty -The evidence shows that IFRS convergence in Indonesia has the ability to improve earnings quality related to a decrease in accrual earnings management but not real earnings management. Type of Paper: Empirical.
Author : Habeeb Mohamed Nijam
Publisher :
ISBN 13 :
Total Pages : 14 pages
Book Rating : 4.:/5 (13 download)
Download or read book IFRS Adoption and Financial Reporting Quality written by Habeeb Mohamed Nijam and published by . This book was released on 2016 with total page 14 pages. Available in PDF, EPUB and Kindle. Book excerpt: Conventional and commonly held wisdom with respect to the adoption of International Financial Reporting Standards (IFRS) is that they lead to improved financial reporting quality and comparability and thereby favorable economic consequences. There are however contradicting evidences disproving this conventional wisdom or rejecting its gross generalization over the entire jurisdictions harmonizing on IFRS. Driven by this fact, quests for knowledge about the dynamics and contexts that lead to differential effects of IFRS get momentum. In an attempt to explore the insight into the effects of international accounting harmonization by way of IFRS adoption, this paper reviews selected literatures on consequences of IFRS adoption. This review discusses some empirical evidences that have been reported in various countries that include Europe, USA, United Kingdom, Germany, Spain, Norway, Greece, Poland, Belgian, France, Italy, Turkey, United Arab Emirates (UAE), Kuwait, Jordan, China, Malaysia, Australia, Hong Kong, New Zealand, Kenya and Nigeria. Our review focuses on the aspects of value relevance, disclosure quality, cost of capital, earning management and financial statement impact due to the IFRS adoption. This review reveals that economic consequences of IFRS adoption significantly differ across jurisdictions though being its impact reported to be positive in majority of cases. There are also notable number of studies that report indifferent and or negative effects of IFRS adoption. When IFRS studies report mixed evidence with respect to value relevance of book value of equity and earing, book value of equity supersedes the earning parameters. IFRS are found to supersede many other domestic financial reporting standards in terms of volume and quality of disclosures in financial statements. This review also obtains that IFRS' impact on the reduction of cost of capital depends on financial reporting incentives, law enforcement, types of legal systems and various other country and capital market specific characteristics. Further, though there are some evidences to the contrary, the quality of earnings reported under IFRS has been established to be superior to that under other local standards.
