The Role and Current Status of IFRS in the Completion of the National Accounting Rules – Evidence from Estonia

Alver, Lehte; Alver, Jaan

doi:10.1080/17449480.2017.1298138

Accounting in Europe

2017

DOI: 10.1080/17449480.2017.1298138

|View full text |Cite

The Role and Current Status of IFRS in the Completion of the National Accounting Rules – Evidence from Estonia

Lehte Alver

Jaan Alver

Help me understand this report

Search citation statements

Order By: Relevance

Paper Sections

Select...

Citation Types

Supporting

Mentioning

Contrasting

Year Published

2017

2023

Publication Types

Select...

Article4

Relationship

Self Cite1

Independent3

Authors

Journals

Cited by 4 publications

(1 citation statement)

References 0 publications

Supporting

Mentioning

Contrasting

Order By: Relevance

“…As of 2003, IFRSs have been permitted to be used by almost all business entities in Estonia. From January 1, 2005, IFRSs have been mandatory for all listed companies, credit and financial institutions, insurance companies(Alver & Alver, 2017). Lithuania and Latvia have mandatory IFRSs for listed companies from 2005.Similarity of counties is further supporter by Borker IFRSs orientation index Borker (2015).…”

mentioning

confidence: 99%

Comparability of cash flow statements: Evidence from Baltic Countries

Kiaupaite-Grušniene¹,

Alver²

2019

JAMIS

Self Cite

View full text Add to dashboard Cite

Research Question:Whether the adoption of IFRSs has led to the harmonization and comparability of Baltic listed companies' cash flow statements? Motivation: Baker and Barbu (2007) have marked that the adoption of IFRSs in EU is the new phase of international harmonization. However, IFRSs still provide flexibility to financial statement preparers when applying the standards due to explicit options, discretion in interpretation and the need for estimates (Wehrfritz & Haller, 2014). Measuring the extent to which financial reports of companies are comparable is an important topic. Our research applies H-index and C-index for measuring harmonization of Baltic listed companies' cash flow statements. Idea: We examine the problem of harmonization cash flow statements. Data: The sample contains all companies (in total 33) listed on Nasdaq Baltic market for years 2010-2017. Tools: To measure harmonization and comparability of financial reports H-index for each country was found. C-index was used for finding overall, within-country and between-country harmonization. Findings: While there is a longitudinal consistency in classification choice within each company, there is no consistency among the companies in interest received and paid. Dividend treatment is more consistent and harmonized. Users of financial reports should not expect comparability of cash flow statements of Estonian, Latvian and Lithuanian companies, despite the existence of a single stock exchange, cross-border cultural and economic similarities and de jure harmonization of accounting standards. Contribution: This paper contributes to IFRSs impact analysis, and specifically harmonization and comparability literature, by providing comparative results for Estonia, Latvia and Lithuania in financial statement preparers' classification judgement.

show abstract

mentioning

confidence: 99%

Comparability of cash flow statements: Evidence from Baltic Countries

Kiaupaite-Grušniene¹,

Alver²

2019

JAMIS

Self Cite

View full text Add to dashboard Cite

show abstract

Accounting for transition: A literature review

Golubeva

2023

Journal of International Accounting, Auditing and Taxation

View full text Add to dashboard Cite

The Role and Current Status of IFRS in the Completion of National Accounting Rules – Evidence from European Countries

André¹

2017

Accounting in Europe

View full text Add to dashboard Cite

scite is a Brooklyn-based organization that helps researchers better discover and understand research articles through Smart Citations–citations that display the context of the citation and describe whether the article provides supporting or contrasting evidence. scite is used by students and researchers from around the world and is funded in part by the National Science Foundation and the National Institute on Drug Abuse of the National Institutes of Health.

Contact Info

customersupport@researchsolutions.com

10624 S. Eastern Ave., Ste. A-614

Henderson, NV 89052, USA

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

Blog Terms and Conditions API Terms Privacy Policy Contact Cookie Preferences Do Not Sell or Share My Personal Information

Made with 💙 for researchers

Part of the Research Solutions Family.

The Role and Current Status of IFRS in the Completion of the National Accounting Rules – Evidence from Estonia

Cited by 4 publications

References 0 publications

Comparability of cash flow statements: Evidence from Baltic Countries

Comparability of cash flow statements: Evidence from Baltic Countries

Accounting for transition: A literature review

The Role and Current Status of IFRS in the Completion of National Accounting Rules – Evidence from European Countries

Contact Info

Product

Resources

About