scholarly journals Relationship Between Deferred Tax Category and Stock Prices in Pharmacy

2018 ◽  
Vol 66 (6) ◽  
pp. 1469-1475
Author(s):  
Petr Habanec
Keyword(s):  
Time Series ◽  
Stock Prices ◽  
Stock Exchange ◽  
Negative Relationship ◽  
Accounting Standards ◽  
Earning Management ◽  
International Accounting ◽  
International Accounting Standards ◽  
Deferred Tax ◽  
The Relationship

The paper deals with relationship between stock prices and deferred tax category. Joos, Pratt and Young provided evidence that book‑tax differences are correlated with earning management. In this paper is confirmed negative relationship between stock prices and deferred tax. The relationship is assessed on sample of companies making business in pharmacy (CZNACE‑C‑21). The relationship between deferred tax category and stock prices is assessed on a sample of companies in the time series from 2005 to 2015. Sample consists of companies listed on Frankfurt stock exchange and reporting in accordance with international accounting standards IAS/IFRS. The stock prices dataset is based on Morningstar database. The results are compared with the results of author ’s previous study concerning the deferred tax materiality.

THE EVOLUTION OF THE RELATIONSHIP BETWEEN THE US FINANCIAL ACCOUNTING STANDARDS BOARD AND THE INTERNATIONAL ACCOUNTING STANDARD SETTERS: 1973–2008

2012 ◽  
Vol 39 (1) ◽  
pp. 1-51 ◽  
Author(s):  
Robert J. Kirsch
Keyword(s):  
Accounting Standards ◽  
Financial Accounting ◽  
Working Relationships ◽  
International Accounting ◽  
International Accounting Standards ◽  
Financial Accounting Standards Board ◽  
Accounting Standard ◽  
Staff Members ◽  
The Us ◽  
The Relationship

ABSTRACT Utilizing archival materials as well as personal interviews and correspondence with personnel of the Financial Accounting Standards Board (FASB) and International Accounting Standards Committee/Board (IASC/B), including former Board chairmen and staff members, this paper examines the development of the working relationships between the FASB and the IASC/B from their earliest interactions in 1973 through the transformation of the IASC into the IASB and the Convergence Program rooted in the 2002 Norwalk Agreement up to 2008.

Factors affecting the adoption of International Accounting Standards (IAS): Empirical evidence from Bangladesh

2020 ◽  
pp. 2050045
Author(s):  
Syed Moudud-Ul-Huq ◽  
Tanmay Biswas ◽  
Brishti Chakraborty
Keyword(s):  
Economic Growth ◽  
Banking Sector ◽  
Least Squares Method ◽  
Negative Relationship ◽  
Accounting Standards ◽  
Influential Factors ◽  
International Accounting ◽  
International Accounting Standards ◽  
Quality Of Reporting ◽  
Factors Affecting

This study aims to find the influential factors of adopting International Accounting Standards (IAS) in the banking industries of Bangladesh. This study is based on two-stage least-squares method for 561 unbalanced panel observations of 32 commercial banks in Bangladesh over the period from 2000 to 2018. To analyze the study, it uses macroeconomic and bank-level variables in which probability of IAS adoption, economic growth, and profitability are the main variables. The findings of the study indicate that economic growth has a significant relationship with IAS adoption in the banking industries of Bangladesh, as well as all variables relating to profitability affect IAS adoption excluding return on equity (ROE). SIZE and CAR do not influence IAS adoption from the bank-level variables, liquidity has a significant and negative relationship with IAS adoption and assets growth and total loan and advances (TLAs) have a significant impact on the IAS in banking industries of Bangladesh. The result of the study will be supportive to deliver precious information and unfathomable understanding as regards IAS and factors influencing IAS in banking sector. This is worthwhile to the researchers, students, and policy-makers while making critical decision about the adoption and implementation of IAS. Based on this study, it was suggested among others that adoption of IAS should to be a dynamic part of bank’s strategy because it upturns quality of reporting by increasing transparency, comparability, and acceptability.

scholarly journals Analysis of the impact of adopting international accounting standards in predicting the insolvency of businesses listed on the BM&FBovespa brazilian stock exchange

2018 ◽  
Vol 17 (2) ◽  
pp. 397-422
Author(s):  
Diego Rafael Stupp ◽  
Leonardo Flach ◽  
Luísa Karam de Mattos
Keyword(s):  
Stock Exchange ◽  
Statistical Tests ◽  
Accounting Standards ◽  
International Accounting ◽  
International Accounting Standards ◽  
Financial Indicators ◽  
Explanatory Variables ◽  
Average Accuracy ◽  
Before And After ◽  
The Impact

Abstract: The financial statements of Brazilian companies have been transformed with the adoption of international accounting standards, and it was expected that this would offer more reliable information for decision-making. This study aims to analyze the influence of the adoption of international accounting standards in predicting corporate insolvency. The sample comprises 94 Brazilian companies listed on BM&FBovespa, divided into two groups: the first group has companies considered insolvent and the second group has solvent companies. For each insolvent company we selected another enterprise of the same segment, based on the nearest value of the total assets. The collected data comprised the period of 31 December 2004 to 31 December 2013. The explanatory variables include 29 financial indicators and the methodological procedure was the statistical method called Discriminant Analysis. The application of statistical tests on separate samples in periods before and after the adoption of IFRS, led to the conclusion that there was a considerable improvement in predicting insolvency after the adoption of international accounting standards, because the average accuracy increased from 73.5% to 82.1%.Keywords: Insolvency forecast. Financial indicators. International accounting standards.Análise do impacto da adoção das normas internacionais de contabilidade na previsão de insolvência de empresas listadas na BM&FBovespaResumo: As demonstrações contábeis das empresas brasileiras foram revolucionadas com a adoção das normas internacionais de contabilidade e espera-se que tragam informações mais confiáveis para a tomada de decisão. O objetivo com este trabalho foi analisar a influência da adoção das normas internacionais de contabilidade na previsão de insolvência empresarial. A amostra compreende 94 empresas brasileiras listadas na BM&FBovespa, divididas em dois grupos: um com empresas consideradas insolventes e outro com as empresas solventes. Para cada empresa insolvente foi selecionada outra do mesmo segmento, com o valor do ativo mais próximo. Os dados coletados abrangem o período de 31 de dezembro de 2004 a 31 de dezembro de 2013. As variáveis explicativas compreendem 29 indicadores contábeis e o método aplicado baseia-se no método estatístico de Análise Discriminante. A aplicação de testes estatísticos em amostras separadas em períodos anteriores e posteriores à adoção das IFRS permitiu verificar que houve uma melhoria considerável na previsão de insolvência após a adoção das normas internacionais de contabilidade, pois a média de acerto aumentou de 73,5% para 82,1%.Palavras-chave: Previsão de insolvência. Indicadores contábeis. Normas internacionais de contabilidade.

scholarly journals Hungarian Accounting Standardization Effects

2012 ◽  
Vol 2 (1) ◽  
pp. 83 ◽  
Author(s):  
Gyorgy Csebfalvi
Keyword(s):  
Business Strategy ◽  
Global Financial Crisis ◽  
Stock Exchange ◽  
Accounting Standards ◽  
Business Environment ◽  
International Standards ◽  
International Accounting ◽  
International Accounting Standards ◽  
Strategic Objectives ◽  
Business Information

Nowadays, especially during the current global financial crisis, companies in Hungary are striving desperately to remain competitive and achieve sustainable levels of economic development. The highly competitive environment requires companies to create a clear business strategy, and accounting has to be part of this strategy since it helps individual enterprises to achieve their strategic objectives. International accounting standards are new global methods for business information systems and they are able to harmonize financial regimes both in Hungary and world-wide. The increased globalization of markets, the complexity of commercial trading and the concentration of business in global competition have led to a still greater need for international accounting harmonization. It is expected that a unified, standardized accounting information system will lead to new types of analysis and data – with the possible integration of new indicators used in the business practice of certain countries as an additional benefit.The purpose of this study was to measure the differences between national (Hungarian)l rules and the international standards, evaluating and analyzing their effects on the business environment. The financial data are taken from accounts published on the Budapest Stock Exchange and in the Hungarian Business Information database. The results show that those businesses which have adopted international standards achieved higher and statistically significant positive coefficients than those following local accounting rules. We found that larger firms (those with more leverage, higher market capitalization and substantial foreign sales) were more likely to have adopted international accounting standards.

A Comparison of Reported Earnings Under Chinese GAAP vs. IAS: Evidence from the Shanghai Stock Exchange

1999 ◽  
Vol 13 (2) ◽  
pp. 91-111 ◽  
Author(s):  
Charles J. P. Chen ◽  
Ferdinand A. Gul ◽  
Xijia Su
Keyword(s):  
Stock Exchange ◽  
Accounting Standards ◽  
Financial Statements ◽  
International Accounting ◽  
International Accounting Standards ◽  
Empirical Examination ◽  
Accounting Earnings ◽  
The Difference ◽  
Reported Earnings

This paper reports the results of an empirical examination of the difference between earnings based on Chinese GAAP and those based on International Accounting Standards (IAS). Specifically, the study determines how current Chinese accounting standards are different from the IAS, whether these differences are systematically biased toward under- or overstated earnings, and which items from the financial statements contributed most to these differences. The findings suggest that reported accounting earnings based on current Chinese GAAP are significantly different from those based on IAS. On average, the reported earnings determined under the Chinese GAAP are 20–30 percent higher than earnings reported under IAS. After restatement, 15 percent of the B-share companies changed from a reported profit to a reported loss. The findings suggest that the differences between the two sets of earnings are caused by differences in accounting standards and financial rules, opportunistic applications of Chinese GAAP, and unusual market-wide events. An analysis of recently promulgated accounting standards indicates that the difference between the two sets of accounting earnings is likely to be significantly reduced from those reported for 1998 as a result.

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