The Effect Of IFRS Adoption On Global Market Integration

Cai, Francis; Wong, Hannah

doi:10.19030/iber.v9i10.636

Cited by 32 publications

(34 citation statements)

References 9 publications

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“…So conceived management requires from the companies' financial sector the full implementation of the already adopted international accounting standards (Daske at al. 2008; Cai and Wong, 2010). The application of international accounting standards directs small (such as farms) or large legal entities (egg.…”

Section: Introductionmentioning

confidence: 99%

Management of joint-stock companies and farms by using fair value of agricultural equipment in financial statements on the example of IMT 533 tractor

Radović¹,

Vitomir²,

Laban³

et al. 2019

Ekonomika poljoprivrede

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More demanding management requires management to foster the application of different mechanisms. One of the upcoming ways of improving management is the use of the fair value of property and equipment in the business books of the company. The authors of this study emphasize the importance of fair valuation of agricultural equipment, processing surveyed 382 legal entities of the Republic of Serbia, in the case of widespread tractor IMT 533 agricultural holdings in 207 and 175 joint-stock companies. To show the real application of fair value, the research period lasted from 2015 to 2018. We came to the basic conclusion that there is a statistically significant relationship between organizations, enterprises and the age of the tractor to the application of the fair value of the tractor in the business books of the company. There is also a conclusion that fair financial reporting brings about benefits to agricultural entities of other legal forms.

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Section: Introductionmentioning

confidence: 99%

Management of joint-stock companies and farms by using fair value of agricultural equipment in financial statements on the example of IMT 533 tractor

Radović¹,

Vitomir²,

Laban³

et al. 2019

Ekonomika poljoprivrede

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“…One challenging aspect of the international integration of the markets is the diversity in accounting applications of the countries, which are caused by cultural, economic, social, historical, and political structures (Haverty, 2006). A common set of globally accepted financial reporting standards would decrease the diversity of financial reporting practices across world countries and would enable cross-border movement of capital and greater economic integration (Cai & Wong, 2010). The main purpose of the International Accounting Standards Board (IASB) is to issue a common set of accounting/financial reporting standards that will enhance the comparability of financial reports across jurisdictions.…”

Section: Introductionmentioning

confidence: 99%

Adoption process of IFRS for SMEs in Turkey: Insights from academics and accountants

Kılıç¹,

Uyar²

2017

JAMIS

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In 2009, the International Accounting Standards Board (IASB) issuedInternational Financial Reporting Standards (IFRS) for Small and Medium-sized Entities (SMEs) as a simplified version of the full IFRS addressing the financial reporting needs of SMEs. Although IFRS for SMEs is still not required in this jurisdiction, Turkey was one of the first ones that have taken substantive steps towards adoption of IFRS for SMEs. The main purpose of this research is to investigate the perceptions of Turkish accountants, academicians, and auditors regarding the adoption process of IFRS for SMEs via in-depth interview methodology. The findings of the research confirmed the need for a stand-alone standard set for SMEs. The interviewees asserted that more simplification on IFRS for SMEs may hinder comparability of financial statements. While high-quality financial information will be the most important advantage of applying IFRS for SMEs, cost burdens on firms and lack of trained personnel will be the major obstacles for the implementation process.

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“…Also, Cai and Wong (2010) conjectured that having a lone set of internationally acceptable financial reporting standards that will dispense with the requirement for restatement of financial statements, yet guarantee accounting diversity among countries, consequently encouraging cross-border movement of capital and greater amalgamation of the worldwide financial markets.…”

Section: Review On Ifrsmentioning

confidence: 99%

Financial ratios and bank efficiency in Nigeria: a non parametric analysis

Sochima

Iyafekhe

2018

SPSUTOM

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Abstract. The study examined the efficiency of banks Nigerian using financial ratios in pre and post IFRS regime. Specifically, the study was conducted through comparison of the ratios that were computed from IFRS-financial statements based and Nigerian GAAP-based financial reports of ten (10) commercial banks quoted on the floor of the Nigerian Stock Exchange as at 2015 (before IFRS commencement and after). Three financial ratios were selected from each of the four major categories; profitability, liquidity, leverage and investment. The paired sample t-test and Mann-Whitney test were employed in testing whether significant differences exist between the pair of ratios after the normality test has been ascertained by the Jarque-Berra tests through descriptive statistics. In all, the result shows major difference between profitability, liquidity, leverage and investment ratios of the sampled firms before and after IFRS adoption at 5% level. It is was recommended that longer years in the post-IFRS adoption period are required to ascertain IFRS benefits to Nigerian firms, in relation to financial ratios.

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The Effect Of IFRS Adoption On Global Market Integration

Abstract: ABSTRACT

Cited by 32 publications

References 9 publications

Management of joint-stock companies and farms by using fair value of agricultural equipment in financial statements on the example of IMT 533 tractor

Management of joint-stock companies and farms by using fair value of agricultural equipment in financial statements on the example of IMT 533 tractor

Adoption process of IFRS for SMEs in Turkey: Insights from academics and accountants

Financial ratios and bank efficiency in Nigeria: a non parametric analysis

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