The Side-Effects of the Implementation of Ifrs Goodwill Impairment

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Publisher : LAP Lambert Academic Publishing
ISBN 13 : 9783844319323
Total Pages : 76 pages
Book Rating : 4.3/5 (193 download)

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Book Synopsis The Side-Effects of the Implementation of Ifrs Goodwill Impairment by : Ahmad Alshehabi

Download or read book The Side-Effects of the Implementation of Ifrs Goodwill Impairment written by Ahmad Alshehabi and published by LAP Lambert Academic Publishing. This book was released on 2011-03 with total page 76 pages. Available in PDF, EPUB and Kindle. Book excerpt: This study examines the effects of IFRS 3 "Business Combinations" on goodwill impairment losses reported by a sample of 52 firms, drawn from the largest UK firms listed on the main market of the London Stock Exchange during the period 2006-2008. The sample was identified as a result of certain criteria. The majority of the sample firms met the threshold of significant goodwill (greater than or equal to 10% of total assets) indicating that goodwill as an asset representing a material component of the reported asset portfolio for the research sample. The study investigates whether the current accounting treatment for goodwill has contributed to greater uniformity in accounting for goodwill and its impairment, and consequently enabled comparison to be made across industries and through time. The study lends support to the international accounting standard-setters' decision to question the usefulness of the current accounting treatment of goodwill under IFRS.

The Effects of the Financial Crisis on Accounting for Goodwill Impairment (IFRS 3, IAS 36)

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Author :
Publisher :
ISBN 13 :
Total Pages : 50 pages
Book Rating : 4.:/5 (931 download)

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Book Synopsis The Effects of the Financial Crisis on Accounting for Goodwill Impairment (IFRS 3, IAS 36) by :

Download or read book The Effects of the Financial Crisis on Accounting for Goodwill Impairment (IFRS 3, IAS 36) written by and published by . This book was released on 2015 with total page 50 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Analysis of the Impacts of IFRS 13 on the Objectivity and on the Reliability of Fair Value Measurement for the Goodwill Impairment Test

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Publisher :
ISBN 13 :
Total Pages : 54 pages
Book Rating : 4.:/5 (915 download)

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Book Synopsis Analysis of the Impacts of IFRS 13 on the Objectivity and on the Reliability of Fair Value Measurement for the Goodwill Impairment Test by :

Download or read book Analysis of the Impacts of IFRS 13 on the Objectivity and on the Reliability of Fair Value Measurement for the Goodwill Impairment Test written by and published by . This book was released on 2014 with total page 54 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Pre and Post-IFRS Regulations for Goodwill and Their Effect on Financial Statements. A Comparative Study

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

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Book Synopsis Pre and Post-IFRS Regulations for Goodwill and Their Effect on Financial Statements. A Comparative Study by : Araceli Amorós Martínez

Download or read book Pre and Post-IFRS Regulations for Goodwill and Their Effect on Financial Statements. A Comparative Study written by Araceli Amorós Martínez and published by . This book was released on 2016 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt: The most important effect of the international harmonization of goodwill regulations was the substitution of amortization by an impairment test to enable comparison of financial statements from different countries. However, regulating bodies like the FASB, the IASB or the European Parliament have now adopted certain measures which once again reintroduce amortization without eliminating the impairment test. For this reason, this study aims to contrast the effect that amortization or impairment has on the financial statements drawn up after the adoption of the IFRS, 2004 to 2011, in Spanish companies listed in the securities market. To do so, a series of ratios linked to goodwill will be analyzed, as well as, ROA, ROE and debt-to-equity and solvency ratios. Although, there are several studies on the impact of amortization or impairment on financial statements, they are insufficient and inconclusive. This study will contribute to providing evidence about this impact through an innovative focus, based on data from after its application, covering a longer period and making a direct comparison between both methods. The results will reveal that the ratios calculated with impairment are generally better, and the application of statistical techniques will determine that for the majority of the ratios the differences are significant.

An Examination of Disclosure Quality of Goodwill Impairment Testing in a Post-IFRS Environment - A Stakeholder Perspective

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

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Book Synopsis An Examination of Disclosure Quality of Goodwill Impairment Testing in a Post-IFRS Environment - A Stakeholder Perspective by : Tyrone M. Carlin

Download or read book An Examination of Disclosure Quality of Goodwill Impairment Testing in a Post-IFRS Environment - A Stakeholder Perspective written by Tyrone M. Carlin and published by . This book was released on 2014 with total page 13 pages. Available in PDF, EPUB and Kindle. Book excerpt: The adoption of IFRS based reporting in Australia for all reporting periods commencing 1 January 2005 onwards resulted in substantial variations to prior accepted reporting practices. One area in which change was particularly profound was in the shift to an impairment testing based regime for goodwill accounting and reporting. The IFRS framework requires substantially greater levels of disclosure about the assumptions brought to bear in sustaining a valuation for goodwill. At face value, this should have resulted in improved transparency and the availability of higher levels of decision useful information. However, a review of disclosures relating to goodwill and its impairment by a sample of large Australian reporting entities in the first year after the transition to IFRS suggests substantial room for improvement. In particular, required disclosures were frequently omitted, or suggested that the technical requirements of the IFRS goodwill impairment testing process had not been complied with. Consequently, it is concluded that at present, it is in exceptional cases rather than a matter of generality that IFRS compliant disclosures sustain improved insights and support better decision making by financial statement users.

Facts and Issues About Goodwill Impairment Losses in SFAS No. 142 Adoption Year

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Publisher :
ISBN 13 :
Total Pages : 16 pages
Book Rating : 4.:/5 (129 download)

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Book Synopsis Facts and Issues About Goodwill Impairment Losses in SFAS No. 142 Adoption Year by : Kang Cheng

Download or read book Facts and Issues About Goodwill Impairment Losses in SFAS No. 142 Adoption Year written by Kang Cheng and published by . This book was released on 2008 with total page 16 pages. Available in PDF, EPUB and Kindle. Book excerpt: For most companies, fiscal year 2002 was the adoption year for Statement of Financial Accounting Standard (SFAS) No. 141: Business Combinations and No. 142: Goodwill and Other Intangible Assets. This article analyzes financial statements reported under the new rules and reaches the following conclusions: 1). In the adoption year, the impacts on reported earnings can be deep, but uneven across firms; some companies show dramatic negative impacts while most companies show mild positive impacts. 2). Measurement and disclosure of goodwill's fair value, and the basis for impairment losses, when necessary, becomes more technical and more demanding on statement users. 3). Goodwill fair value impairment losses take place across industries and do not seem to be related to industry economic performance. Overall, under the new rules, goodwill as an asset on the accounting book is more challenging and less predictable.

Goodwill Impairment

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Publisher :
ISBN 13 :
Total Pages : pages
Book Rating : 4.:/5 (13 download)

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Book Synopsis Goodwill Impairment by : Caner Akbaba

Download or read book Goodwill Impairment written by Caner Akbaba and published by . This book was released on 2015 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt: As it is well known that financial information is useful when it is relevant and represented faithfully what it purposes. In this regard, goodwill which represents both the future benefit expectation and the value attributed to the subsidiary by its parent company in fact, has to be relevant and faithfully reported in the financial statements of the parent company to help the investors and other participants to decide soundly. However, especially in Turkey despite the increase in mergers and acquisitions, compliance in reporting goodwill and impairment analysis was not studied sufficiently. At this point the issues “leaving goodwill write off only to the discretion of company management” and “reporting quality of goodwill and its impairment test” that need to be considered with a great deal in Turkey.As a result of historical evolution of accounting rules and practice, relatively advanced reporting standards on goodwill and impairment of goodwill were set up under IFRS and they are welcomed in most of the countries in the world. However, when we look at the Turkey case, there seems to be some problems in implementation of goodwill related reporting standards especially on impairment of goodwill. This study is limited with companies listed in Borsa Istanbul. Their annual reports that comply fully with IFRS stated between years 2008 and 2014 will be used. Financial figures presented in the annual reports will be compared with the mandatory disclosure requirements for IAS 36.

Goodwill Impairment

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Author :
Publisher : Peter Lang Pub Incorporated
ISBN 13 : 9783631527078
Total Pages : 323 pages
Book Rating : 4.5/5 (27 download)

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Book Synopsis Goodwill Impairment by : Thorsten Sellhorn

Download or read book Goodwill Impairment written by Thorsten Sellhorn and published by Peter Lang Pub Incorporated. This book was released on 2004 with total page 323 pages. Available in PDF, EPUB and Kindle. Book excerpt: In 2001, goodwill amortization in the US was eliminated in favor of an impairment-only approach, which, according to critics, gives managers vast discretion and opportunities for earnings management. Prior research suggests that discretionary asset write-offs are associated with economic factors and managers_ financial reporting objectives. Based on a systematic literature review, this study investigates for a comprehensive sample of US firms the determinants of goodwill write-off behavior. Regression analysis shows that write-off behavior is significantly explained by firms_ economic properties. Only in large, high-profile firms, incentives appear to be significant determinants. These findings suggest that the impairment-only approach does capture goodwill impairment at least to some extent.

IFRS 6

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Publisher :
ISBN 13 : 9781904230724
Total Pages : 16 pages
Book Rating : 4.2/5 (37 download)

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Book Synopsis IFRS 6 by : International Accounting Standards Board

Download or read book IFRS 6 written by International Accounting Standards Board and published by . This book was released on 2004 with total page 16 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Principles of Group Accounting under IFRS

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Publisher : John Wiley & Sons
ISBN 13 : 1118751418
Total Pages : 869 pages
Book Rating : 4.1/5 (187 download)

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Book Synopsis Principles of Group Accounting under IFRS by : Andreas Krimpmann

Download or read book Principles of Group Accounting under IFRS written by Andreas Krimpmann and published by John Wiley & Sons. This book was released on 2015-06-02 with total page 869 pages. Available in PDF, EPUB and Kindle. Book excerpt: A professional perspective to implementing IFRS 10, 11, and 12 The new International Financial Reporting Standards (IFRS) 10, 11, and 12 are changing group accounting for many businesses. As business becomes increasingly global, more and more firms will need to transition using the codes and techniques described in Principles of Group Accounting under IFRS. This book is a practical guide and reference to the standards related to consolidated financial statements, joint arrangements, and disclosure of interests. Fully illustrated with a step-by-step case study, Principles of Group Accounting under IFRS is equally valuable as an introductory text and as a reference for addressing specific issues that may arise in the process of consolidating group accounts. The new international standards will bring about significant changes in group reporting, and it is essential for accountants, auditors, and business leaders to understand their implications. Author Andreas Krimpmann is an internationally recognized authority on the transition from GAAP to IFRS, and this new text comes packaged with GAAP/IFRS comparison resources that will help make the changes clear. Other bonus resources include an Excel-based consolidation tool, checklists, and a companion website with the latest information. Learn about: Definitions, requirements, processes, and transition techniques for IFRS 10, 11, and 12 covering group level accounting Practical implementation strategies demonstrated through a clear case study of a midsize group Key concepts related to consolidated financial statements, joint ventures, management consolidation, and disclosure of interests Comparisons between GAAP and IFRS to clarify the required changes for international firms Whatever stage of the consolidation process you are in, you will appreciate the professional perspective in Principles of Group Accounting under IFRS.

Accounting for M&A

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Publisher : Routledge
ISBN 13 : 1000066525
Total Pages : 331 pages
Book Rating : 4.0/5 ( download)

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Book Synopsis Accounting for M&A by : Amir Amel-Zadeh

Download or read book Accounting for M&A written by Amir Amel-Zadeh and published by Routledge. This book was released on 2020-04-29 with total page 331 pages. Available in PDF, EPUB and Kindle. Book excerpt: Spending on M&A has, in aggregate, grown so fast that it has even overtaken capital expenditure on increasing and maintaining physical assets. Yet McKinsey, the leading management consultancy, reports that "Anyone who has researched merger success rates knows that roughly 70% fail". The idea that businesses might be using huge and increasing sums of shareholders’ money for an activity that more often than not leads to failure calls into question the information on which M&A decisions are based. This book presents statistical studies, case material, and standard-setters’ opinions on company accounting before, during, and after M&A. It documents the manipulation of annual accounts by acquirers ahead of share for share bids, biased forecasts of post-merger earnings by bidders, and devices to flatter earnings when recording the deal. It explores the challenges for standard-setters in regulating information flows during and after M&A, and for account-users wishing to learn from financial statements how a deal has affected performance. Drawing on a wide range of international examples, this readable book is targeted not just at accounting specialists but at anyone who is comfortable reading the serious financial press, is intrigued by what is going on in the massive M&A market, and is concerned with achieving better-informed M&A. As such it might be of particular interest to business executives, lawyers, bankers, and investors involved in M&A as well as graduate students interested in researching or learning about the role of accounting in M&A.

Extractive Activities

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Publisher :
ISBN 13 :
Total Pages : 198 pages
Book Rating : 4.E/5 ( download)

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Book Synopsis Extractive Activities by : International Accounting Standards Board

Download or read book Extractive Activities written by International Accounting Standards Board and published by . This book was released on 2010 with total page 198 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Fair Value Measurements

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Publisher : John Wiley & Sons
ISBN 13 : 0470588772
Total Pages : 410 pages
Book Rating : 4.4/5 (75 download)

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Book Synopsis Fair Value Measurements by : Mark L. Zyla

Download or read book Fair Value Measurements written by Mark L. Zyla and published by John Wiley & Sons. This book was released on 2009-12-04 with total page 410 pages. Available in PDF, EPUB and Kindle. Book excerpt: A hands-on volume for financial executives with guidance on the fair value measurement process In today's dynamic and volatile markets, whether buying or selling, what corporate officers need to know is the worth of an asset today, a task that for many has become complex and at times confusing. Fair Value Measurements: Practical Guidance and Implementation demystifies this topic, offering you a nuts-and-bolts guide of the most recent developments in preparing financial statements using fair value measurements. This straightforward book covers the best practices on measuring fair value in a business combination and how to subsequently test the value of these assets for impairment. Filters complicated insider concepts into easy-to-understand information on the valuation specialist's function Discusses the many new FASB pronouncements involving fair value Instantly familiarizes you on the ins and outs of fair value financial disclosure Well-written, conversational in tone, and filled with valuable insights, Fair Value Measurements: Practical Guidance and Implementation lifts the veil of confusion from the substantial and growing requirements for fair value disclosures.

IPSAS Explained

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Publisher : John Wiley & Sons
ISBN 13 : 1119415047
Total Pages : 368 pages
Book Rating : 4.1/5 (194 download)

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Book Synopsis IPSAS Explained by : Thomas Müller-Marqués Berger

Download or read book IPSAS Explained written by Thomas Müller-Marqués Berger and published by John Wiley & Sons. This book was released on 2018-01-22 with total page 368 pages. Available in PDF, EPUB and Kindle. Book excerpt: A succinct, yet highly informative guide to IPSAS and their application IPSAS Explained provides a concise summary of the International Public Sector Accounting Standards for practitioners needing to maintain compliance with ever-changing practices. Comprehensively updated to align with newly-accepted standards in key subject areas and including the latest iteration of the framework and improvement projects, this guide distills each standard into a useful and accessible format. Coverage of each IPSAS includes a brief overview of the basic principles behind it, as well as charts, graphs and tables that provide information at a glance. Updated material includes discussion of the new IPSASB governance structure, including the Public Interest Committee and Consultative Advisory Group, as well as information on the current Exposure Drafts and the changes forthcoming from the Improvements Project. New sections on First-Time Adoption of Accrual Basis IPSAS, new consolidation standards and Service Performance Reporting bring practitioners completely up to date to help ensure full compliance. Locate relevant IPSAS quickly and easily Get up to date on newly adopted standards Deepen conceptual understanding with graphical representations Understand the operations of the IPSASB, as well as new and ongoing projects The International Public Sector Accounting Standards Board is engaged in the ongoing process of bringing public sector accounting in line with the IPSAS, which largely align with the IFRS model: where an IFRS exists, it is either adopted directly or adjusted to be suitable for the public sector; where no relevant IFRS exists, the IPSASB issues an IPSAS. IPSAS Explained condenses and clarifies each IPSAS, providing context, background and practical guidance to help practitioners find the answers they need to comply.

IFRS 4 Insurance Contracts

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Publisher :
ISBN 13 : 9781904230496
Total Pages : 46 pages
Book Rating : 4.2/5 (34 download)

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Book Synopsis IFRS 4 Insurance Contracts by : International Accounting Standards Board

Download or read book IFRS 4 Insurance Contracts written by International Accounting Standards Board and published by . This book was released on 2004 with total page 46 pages. Available in PDF, EPUB and Kindle. Book excerpt:

IFRS 5 Non-current Assets Held for Sale and Discontinued Operations

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Publisher :
ISBN 13 :
Total Pages : 32 pages
Book Rating : 4.E/5 ( download)

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Book Synopsis IFRS 5 Non-current Assets Held for Sale and Discontinued Operations by : International Accounting Standards Board

Download or read book IFRS 5 Non-current Assets Held for Sale and Discontinued Operations written by International Accounting Standards Board and published by . This book was released on 2004 with total page 32 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Fair Value Measurements

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Publisher :
ISBN 13 :
Total Pages : 104 pages
Book Rating : 4.E/5 ( download)

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Book Synopsis Fair Value Measurements by : International Accounting Standards Board

Download or read book Fair Value Measurements written by International Accounting Standards Board and published by . This book was released on 2006 with total page 104 pages. Available in PDF, EPUB and Kindle. Book excerpt: