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.
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.
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.
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:
Download or read book A Comparative Study of Segment Reporting in Hong Kong the United States written by Siu-Ping Wong and published by . This book was released on 2000 with total page 106 pages. Available in PDF, EPUB and Kindle. Book excerpt:
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:
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.
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:
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.
Download or read book Segment Reporting Under IFRS 8 written by Nina Franzen and published by . This book was released on 2014 with total page 240 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Segment Reporting Udner IFRS 8 written by Nina Franzen and published by . This book was released on 2013 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt:
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:
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.
Download or read book A Comparison of IFRS Standards and U S GAAP Bridging the Differences written by Bob Uhl and published by . This book was released on 2019-02-22 with total page 76 pages. Available in PDF, EPUB and Kindle. Book excerpt: This publication discusses differences that are commonly found in practice between the International Accounting Standards Board's IFRS® Standards and the FASB's U.S. GAAP. The significance of these differences to a given entity will vary depending on such factors as the nature of its operations, the industry in which it operates, and the accounting policy choices it has made.
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.
Download or read book Accounting Standards and Insurer Solvency Assessment written by Michelle Chong-Tai Bell and published by . This book was released on 2020 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book The Economics and Politics of Accounting written by Christian Leuz and published by OUP Oxford. This book was released on 2005-09-15 with total page 434 pages. Available in PDF, EPUB and Kindle. Book excerpt: Accounting and the role of accountants has permeated the modern societies. For the most part we have accepted the impartiality and objectivity of accounting and not recognized how accounting systems are embedded in a country's economic and legal framework, much of which is in turn shaped by political processes. This web of interactions results in complex economic and political questions which require accounting researchers to focus on several related trends: information economics, regulatory economics, sociology, and political science. Although considerable progress has been made in the field of accounting, many fundamental questions are still subject to debate. In this book leading international scholars address a number of important questions: · What is the role of accounting in security valuation, decision making and contracting? · What can we learn from economics-based research in accounting? · What is the role of auditing and how can accounting standards be enforced? · What are the cost and benefits of accounting and disclosure regulation? · What is the role of accounting in society? · How does lobbying affect the political process of standard setting? · What are the consequences of the internationalization of standard setting? This seminal book will be of interest to academics, researchers, and graduate students of Accounting, Finance, Business Studies, Sociology, and Political Economy.
