<i>IFRS FOR SMEs</i>: THE IASB'S DUE PROCESS

Ram, Ronita; Newberry, Susan

doi:10.1111/j.1835-2561.2012.00174.x

Cited by 35 publications

(36 citation statements)

References 34 publications

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“…() and Potter () are specifically concerned about the lack of attention to stakeholders’ financial information needs in SME reporting. The inherent tension in the case of IFRS for SMEs is highlighted by Ram and Newberry (), who describe it as a standard for entities that do not engage with capital markets, based on standards that are designed to meet the needs of capital markets users. This wry observation highlights the lack of involvement by users of SME financial reports in setting those standards.…”

Section: Introductionmentioning

confidence: 99%

SME Reporting in Australia: Where to Now for Decision‐usefulness?

Handley

Wright

Evans

2017

Australian Accounting Review

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This paper develops recommendations for simplified decision-useful SME financial reporting in Australia -a country that has traditionally allowed a wide range of reporting standards to be used by these entities. Drawing on interviews and comment letters from a number of stakeholders, and data from a survey of users of financial statements of non-publicly accountable unlisted entities, we analyse stakeholder arguments for and against SMEs providing less detailed reports, and identify the line items that might be most useful to users for decision making.

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Section: Introductionmentioning

confidence: 99%

SME Reporting in Australia: Where to Now for Decision‐usefulness?

Handley

Wright

Evans

2017

Australian Accounting Review

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“…We are pleased to see that others have begun working with these materials as well, and have further enriched their sources by interviewing Board members or other participants (e.g. Pelger, 2016;Ram & Newberry, 2013), but the general field of studying the IASB's deliberations more directly as opposed to through the prism of comment letters is still wide open.…”

Section: Comment Letter Analysismentioning

confidence: 99%

The Challenge of Setting Standards for a Worldwide Constituency: Research Implications from the IASB’s Early History

Camfferman

Zeff

2017

European Accounting Review

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Based on Camfferman and Zeff [(2015). Aiming for global accounting standards : The International Accounting Standards Board, 2001. Oxford: Oxford University Press] we reflect on possibilities for academic research on the International Accounting Standards Board (IASB) and its International Financial Reporting Standards (IFRSs). We argue that a research agenda may be formed around the notion that the IASB differs from national standard setters because its constituent base includes jurisdictions as well as the more traditional preparer, user and auditor constituency groups. We show that taking a jurisdictional angle draws attention to the variety among the IASB's jurisdictional constituents, identifying numerous research possibilities related to their decisions to adopt, or not to adopt, IFRSs, and to the mechanisms they have developed to form their own IFRS policies and to interact with the IASB. We illustrate how the IASB's structure, governance, processes and standards are influenced by the challenge of reconciling the needs and values of jurisdictional constituents with the objective of setting global accounting standards. We call for research on the ramifications of the diversity of jurisdictional constituents, as well as changing perceptions of standard setting within jurisdictions, for all aspects of the functioning of the IASB. Such research should make greater use of the variety of sources available to researchers today.

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“…; Daske et al. ; Lantto and Sahlström ; Peng and van der Laan Smith ; Kang and Gray ; Navarro‐Garcia and Madrid‐Guijarro ; Ram and Newberry ; Martinez et al. ; Tuan and Gong )…”

mentioning

confidence: 99%

“…O ver the last 10 years, financial reporting quality, with the increasing adoption of International Financial Reporting Standards (IFRS) as national accounting standards, has become a dominant topic in international accounting research (e.g., Daske and Gebhardt 2006;Christensen et al 2007;Ding et al 2007;Daske et al 2008;Lantto and Sahlström 2008;Peng and van der Laan Smith 2010;Kang and Gray 2013;Navarro-Garcia and Madrid-Guijarro 2014;Ram and Newberry 2013;Martinez et al 2014;Tuan and Gong 2014). 1 This paper adds to previous literature by investigating the role of earnings computed under IFRS in predicting future cash flow, and compares IFRS and domestic Generally Accepted Accounting Principles (GAAP) in this perspective.…”

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confidence: 99%

Earnings Reported under IFRS Improve the Prediction of Future Cash Flows? Evidence from European Banks

Palea

Scagnelli

2016

Australian Accounting Review

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This paper examines the relative costs and benefits of International Financial Reporting Standards (IFRS) adoption in the European Union by testing the ability of earnings computed under IFRS to predict future cash flows. The study considers the contribution of net income, comprehensive income and other comprehensive income to the usefulness of earnings to predict cash flows, and it compares IFRS with domestic Generally Accepted Accounting Principles (GAAP). Evidence from a sample of Continental European banks shows that IFRS improve the ability of net income to predict future cash flows. Comprehensive income, too, provides relevant information to predict future cash flows, although with a measurement error which is higher than that in net income for greater lags of time. In our interpretation, these findings are consistent with unrealised gains and losses recognised in other comprehensive income being more transitory and volatile in nature. Overall, our results are relevant to academics and standard setters debating the merits of IFRS adoption and to those who use financial statements and adopt reported earnings to form expectations about future cash flows.

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IFRS FOR SMEs: THE IASB'S DUE PROCESS

Abstract: This study explores the role of the International Accounting Standards Board's (IASB) due process in developing its

Cited by 35 publications

References 34 publications

SME Reporting in Australia: Where to Now for Decision‐usefulness?

SME Reporting in Australia: Where to Now for Decision‐usefulness?

The Challenge of Setting Standards for a Worldwide Constituency: Research Implications from the IASB’s Early History

Earnings Reported under IFRS Improve the Prediction of Future Cash Flows? Evidence from European Banks

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