A theoretical model of stakeholder perceptions of a new financial reporting system

Fontes, Alexandra; Rodrigues, Lúcia Lima; Craig, Russell

doi:10.1016/j.accfor.2016.10.002

Cited by 20 publications

(15 citation statements)

References 124 publications

(150 reference statements)

Supporting

Mentioning

Contrasting

Unclassified

Order By: Relevance

“…Reay and Hinings (2009) suggest that co-existing and/or competing logics can be sustained, with changes occurring only when individuals and groups develop collaborative mechanisms to successfully and interactively negotiate incremental advances on specific issues. While many factors assist or delay change, Fontes, Lima and Craig (2016) argue that financial report preparers and auditors are key to localising the use of international standards.…”

Section: Institutional Logicsmentioning

confidence: 99%

International practices, beliefs and values in not-for-profit financial reporting

et al. 2019

View full text Add to dashboard Cite

Section: Institutional Logicsmentioning

confidence: 99%

International practices, beliefs and values in not-for-profit financial reporting

et al. 2019

View full text Add to dashboard Cite

“…This statement is in line with the belief of Chand and Patel (2008), that “a country may face difficulties in interpreting and enforcing the IFRS if it lacks qualified and experienced accountants and supporting regulatory mechanisms” (Chand and Patel, 2008, p. 8). Human factors affect the success of changing efforts (Fontes et al , 2016) and the experience of accountants can impact their knowledge of standards (Uyar and Güngörmüs, 2013). In addition, experienced accountants tend to agree with the advantages of accounting harmonization (Joshi et al , 2008).…”

Section: Research Hypothesesmentioning

confidence: 99%

Complexity in accounting for derivatives

Malaquias

Zambra

2019

ARJ

View full text Add to dashboard Cite

Purpose The purpose of this study is to analyze the perception of accountants in relation to the complexity of accounting for financial instruments and in relation to the disclosure of financial instruments in annual reports. Both aspects are relevant for the external users, and for the firms’ internal management. Design/methodology/approach The database comprises questionnaires answered by accountants from Brazil and Chile. Data were analyzed based on reliability statistics and multivariate regression analysis. Findings The main results indicate that accountants perceive the accounting for derivatives, hedge accounting, fair value measurement of financial instruments and the respective disclosure of these operations as a complex issue. These findings are interesting considering that there are detailed accounting standards relating to financial instruments. Research limitations/implications The results indicate that education and gender affect the perception of complexity about accounting of derivatives. Practical implications Findings from this research show that accountants do perceive derivatives as complex items for accounting, particularly accounting for hedges. Social implications The results can motivate some initiatives for training activities and for teaching academic content about financial instruments in undergraduate courses. Originality/value To the best of the authors’ knowledge, this is the first study that tests some personal characteristics of accountants (namely, professional experience, education and gender), in contrast to their perceptions about complexity of accounting for derivatives.

show abstract

“…The processes of reviewing and adopting the International Accounting Standards (IAS/IFRS) are prominent issues in the accounting literature (Brouwer et al , 2015; Fontes et al , 2016). Given the transition towards a knowledge-based economy, the accounting standards boards had to overcome several problems relating to the identification, measurement and control of intangible assets, such as goodwill, in the accounting framework (Skinner, 2008; Wen and Moehrle, 2016; Zeghal and Maaloul, 2011).…”

Section: Introductionmentioning

confidence: 99%

The (in)coherence in accounting for goodwill

Garzella

Ferri

Fiorentino

et al. 2019

MEDAR

View full text Add to dashboard Cite

Purpose In the process of harmonizing International Accounting Standards (IAS/IFRS), scholars and standard setters still need to overcome unresolved issues related to both goodwill duration and accounting recognition. This paper aims to compare the academic background on goodwill with current IAS. Specifically, the goal is to criticize existing practices and advance a revision of accounting for goodwill. Design/methodology/approach The paper is based on a review of the relevant literature on notions, theories and accounting approaches on goodwill and on an investigation of IAS/IFRS on accounting for goodwill. By critically integrating literature and practices, the authors provide implications for a revision of IAS. Findings The findings show the two main internally coherent theoretical approaches and the incoherence in current goodwill accounting standards. The paper contributes to the debate on accounting for goodwill by suggesting new conceptual arguments in relation to the controversies related to its accounting treatment. Practical implications The findings offer insights and guidelines that can help standard setters revise current accounting standards. Inter alia, standards setters should revisit issues related to goodwill evaluation and record limitations in future debates to find better solutions. Originality/value This study shows the incoherence of current accounting standards. Furthermore, the findings contradict the general opinion that, in current IAS, goodwill can be recognized only if acquired in business combinations and not if internally generated. Thereby, the authors suggest to shift the international accounting standards board focus from the preference between amortization and impairment to the coherence of goodwill accounting approaches.

show abstract

A theoretical model of stakeholder perceptions of a new financial reporting system

Cited by 20 publications

References 124 publications

International practices, beliefs and values in not-for-profit financial reporting

International practices, beliefs and values in not-for-profit financial reporting

Complexity in accounting for derivatives

The (in)coherence in accounting for goodwill

Contact Info

Product

Resources

About