Processo de Convergência as Normas Internacionais de Contabilidade: Uma Análise dos Requisitos de Divulgação do CPC 29 (Process of Convergence to the International Financial Reporting Standards: An Analysis of the Disclosure Requirements of CPC 29/IAS 41)

Silva, Ricardo Menezes; Figueira, Laís Manfiolli; Pereira, L.F.; Ribeiro, Maísa de Souza

doi:10.2139/ssrn.2012705

Cited by 4 publications

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“…Furthermore, the disclosure index in the current study contained amendments to the index used in previous research by, for example, Scherch et al (2013) and Silva et al (2012), to reflect the current update made on IAS 41 and to suit the particularity of the context in terms of the regulation and nature of companies. The amendments made to the previous disclosure index are illustrated in Appendix B.…”

Section: Discussionmentioning

confidence: 99%

“…The disclosure index measured the level of disclosure as the dependent variable, as has commonly been used in previous studies (Lopes and Rodrigues 2007;Oliveira et al 2006;Akhtaruddin 2005;Owusu-Ansah 1998;Inchausti 1997). In terms of BA, Scherch et al (2013) and Silva et al (2012) used a disclosure index developed for the Brazilian context according to the disclosure requirements of IAS 41. That particular index is comprised of three main categories namely: mandatory disclosures; non-mandatory but recommended disclosures; and non-mandatory disclosures that are not recommended.…”

Section: The Methodsmentioning

confidence: 99%

“…Moreover, Silva et al (2012) found that some items such as management risks, are not disclosed. They also point to the difficulties inherent in the decision-making process in the context of Brazilian firms due to the use of fair value as a measurement for biological assets.…”

Section: The Conceptual Frameworkmentioning

confidence: 99%

“…Similarly, the level of disclosure has been seen to increase with the upturn of the BA intensity (Scherch et al 2013). Referring to stakeholder theory, Silva et al (2012) advocated for a sufficient level of disclosure regulated by IAS 41, to ensure the provision of relevant information to stakeholders. This recommendation was particularly aimed at companies possessing a substantial amount of BA.…”

Section: Empirical Literature and Hypothesis Developmentmentioning

confidence: 99%

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How Company Characteristics Influence Measurement Practices and Disclosure Level Prescribed within IAS 41

Altarawneh

2023

JRFM

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This research paper describes the accounting practices of Jordanian companies engaged in agricultural activities, and identifies the influence of company characteristics on measurement practices related to asset pricing and level of disclosure required by IAS 41. Company characteristics were considered as: size, intensity of biological assets (BA), level of international activities, and audit for the Big Four. Dependent variables were considered measurement practices related to valuing BA as well as resultant harvest and disclosure level, the latter being measured by mandatory and voluntary disclosures. The entire population of companies that include one or more agricultural activities in their purposes and are considered reporting companies formed the research sample, giving a total of 259 companies. The findings revealed that both intensity of BA and level of international activities have a positive impact on measurement practices. Audit for the Big Four was the strongest variable influence, the overall disclosure level prescribed by IAS 41, followed by the level of international activities variable. However, the intensity of the BA variable affects only the overall disclosure level for companies that measure their BA based on the cost method. Firm size was found to have no influence on either measurement practices or disclosure level. The key value of this paper is its examination of the role of company characteristics on measurement practices and level of disclosure required by IAS 41 in the context of Jordanian companies. Through this examination, this study is helpful to standards setters and regulators who obligate and issue the financial regulation and reporting standards at a national or international level, supporting their understanding of measurement and disclosure practices adopted in agricultural companies in the developing country context of Jordan.

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Section: Discussionmentioning

confidence: 99%

Section: The Methodsmentioning

confidence: 99%

Section: The Conceptual Frameworkmentioning

confidence: 99%

Section: Empirical Literature and Hypothesis Developmentmentioning

confidence: 99%

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How Company Characteristics Influence Measurement Practices and Disclosure Level Prescribed within IAS 41

Altarawneh

2023

JRFM

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The Link Between Accounting Measures of Biological Assets and Financial Standing of the Agricultural Enterprises: Evidence from Lithuania

Stončiuvienė

Zinkevičienė

Juočiūnienė

2020

Eurasian Studies in Business and Economics

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An Assessment of Compliance with Disclosure Requirements of IAS 41 (Agriculture) By Listed Agricultural Firms in Nigeria

2019

aijas

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This study examined the extent of compliance with disclosure requirements of IAS 41 by agricultural companies listed on the Nigerian Stock Exchange (NSE) for the period of 5 years (2013-2017). The data for the study were obtained from the published financial statements of the sampled firms for the period under review from which a compliance index were constructed, The tools for analysis used were the qualitative grading using a compliance index and the one way ANOVA purposely to test the hypotheses proposed. The study observed that three out of the four Companies achieved more than 70% with overall mean scores of 76.02%. This shows that majority of the agricultural firms in Nigeria strongly complied with the disclosure requirements of IAS 41. Based on the findings the study recommends among others that firms should strive at all times to comply with all regulatory and statutory requirement in the preparation and presentation of financial statements, giving the fact that it is a set of documents that prescribe the performance of the reporting entity. The Financial Reporting Council of Nigeria should publish annually the compliance status of all listed firms in Nigeria; so that the compliance status of every firm will become known to all interested users of financial statements; and also the Council should urge external auditors of firms to ensure that their clients are complying with the requirements of IASs issued by the International Accounting Standards Board (IASB).

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Processo de Convergência as Normas Internacionais de Contabilidade: Uma Análise dos Requisitos de Divulgação do CPC 29 (Process of Convergence to the International Financial Reporting Standards: An Analysis of the Disclosure Requirements of CPC 29/IAS 41)

Cited by 4 publications

References 0 publications

How Company Characteristics Influence Measurement Practices and Disclosure Level Prescribed within IAS 41

How Company Characteristics Influence Measurement Practices and Disclosure Level Prescribed within IAS 41

The Link Between Accounting Measures of Biological Assets and Financial Standing of the Agricultural Enterprises: Evidence from Lithuania

An Assessment of Compliance with Disclosure Requirements of IAS 41 (Agriculture) By Listed Agricultural Firms in Nigeria

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