Academics and the Development of IFRS: An Invitation to Participate

Larson, Robert K.; Herz, Paul J.; Kenny, Sara York

doi:10.2308/jiar-10082

Cited by 15 publications

(9 citation statements)

References 11 publications

(14 reference statements)

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“…The debate around the inclusion of academic research on the PIR process is ongoing, and its advantages (e.g. Barth, 2006Barth, , 2007Barth, , 2008Larson et al, 2011;Ewert and Wagenhofer, 2012;Trombetta et al, 2012) or weaknesses (e.g. Leisenring and Johnson, 1994;Ewert and Wagenhofer, 2012;Trombetta et al, 2012) have been discussed over time.…”

Section: Effects Of Adopting Ifrs 10 and Ifrs 11 And Research Questmentioning

confidence: 99%

“…In general, there 6 are a great many researchers defending the benefits for standards boards if they consider the outputs of academic research in the process of amending or creating new standards (e.g. Schipper, 1994;Barth, 2000Barth, , 2006Barth, , 2007Barth, , 2008Fülbier et al, 2009;Larson et al, 2011;Abela and Mora, 2012;Ewert and Wagenhofer, 2012;Trombetta et al, 2012). So, researchers have long been interested in the effects of adopting new accounting standards in several topics from different geographies and with different effects (e.g.…”

Section: Effects Of Adopting Ifrs 10 and Ifrs 11 And Research Questmentioning

confidence: 99%

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Effects of adopting IFRS 10 and IFRS 11 on consolidated financial statements

Lopes

2019

MEDAR

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Purpose The purpose of this paper is to investigate how the adoption of IFRS 10 and IFRS 11 affected consolidated financial statements. Specifically, the paper explores whether entities adopted mandatorily or voluntarily both IFRS, whether expressly declared effects, whether considered those effects as material and whether those effects had impacts on selected items of financial statements and on selected financial ratios. Design/methodology/approach The research is an exploratory study using public entities from Germany, France and the UK. The majority of the data is manually collected from financial statements. Findings The results suggest that the adoption of the new IFRS 10 affected the composition of a large number of entity groups but that their financial information and economic-financial indicators do not present material changes. There is also evidence of a large and material impact on the changes in the classification and accounting for interests in arrangements under joint control through the new IFRS 11. The evidence thus suggests unequal effects of the adoption of IFRS 10 and IFRS 11 on the proportion of entities declaring materiality of effects, on the quantitative effects on selected items of financial statements, and on financial ratios. A comparison between the pre-adoption and post-adoption periods reveals that the majority of the effects are driven by the adoption of IFRS 11. Originality/value As far as is known this exploratory paper is the first presenting the effectiveness of adopting the most important standards under the “consolidation package” and opens an avenue for future research by academics, for future post-implementation reviews by IASB, and for analysis of peer reviews between accounting practitioners.

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Section: Effects Of Adopting Ifrs 10 and Ifrs 11 And Research Questmentioning

confidence: 99%

Section: Effects Of Adopting Ifrs 10 and Ifrs 11 And Research Questmentioning

confidence: 99%

Effects of adopting IFRS 10 and IFRS 11 on consolidated financial statements

Lopes

2019

MEDAR

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“…Larson et al (2011) provide details about the role of academic research in the development of standards and encourage us to participate in the development of IFRS. Although it is up to individuals to react and participate in the standard-setting process, either by responding to the call for responses to discussion papers and exposure drafts, or by showing an interest in the calls of the IFRS Foundation to occupy a temporary position (such as academic or research fellow), there is also the possibility to act in a more organized way, and this is what the European Accounting Association Financial Reporting Standards Committee (EAA FRSC) is doing.…”

Section: The Development Of the Ifrsmentioning

confidence: 99%

Accounting and Regulation

Pietra¹,

McLeay²,

Ronen³

2014

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“…preference for greater uniformity, transparency, and lower conservatism. Larson, Herz and Kenny (2011) believe that the participation of academics and their research play a major role to develop high-quality accounting standards. According to Tandy e Wilburn (1996), academics play a key role in the process of issuing standards, as they are economically independent and have the theoretical knowledge needed for a correct evaluation of the proposals.…”

Section: Methodsmentioning

confidence: 99%

An Analysis of Differences in Terms of Professional Interests Based on the Project to Replace IAS 39

Carvalho

Albuquerque

Quirós

et al. 2015

Rev. contab. finanç.

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The professional interests of the various stakeholders groups are often seen as obstacles to full accounting harmonization. Studying different professional interests in the accounting domain is significant for organizations involved in the international accounting harmonization process, insofar as it enables them to identify the main obstacles to face in order to achieve full harmonization. Thus, this article is aimed at analyzing the differences in terms of professional interests by addressing the participation of various stakeholders groups in the process of issuing/modifying standards of the International Accounting Standards Board (IASB). Based on content analysis, we examined the comment letters sent to the IASB in the context of the first part of the first phase of the project to replace the International Accounting Standard (IAS) 39, entitled "Financial Instruments -Recognition and Measurement", by the International Financial Reporting Standard (IFRS) 9, on its turn entitled "Financial Instruments". Respondents were identified according to the stakeholders group, and, later, the collected data underwent a nonparametric chi-square test. The results of this study indicate there are significant differences between the answers obtained from the various stakeholders groups involved in the process of issuing or reviewing a standard of the IASB, above all made clear between the group of financial preparers and the regulatory and/or standard-setting agencies and the professional associations related to accounting.

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Academics and the Development of IFRS: An Invitation to Participate

Cited by 15 publications

References 11 publications

Effects of adopting IFRS 10 and IFRS 11 on consolidated financial statements

Effects of adopting IFRS 10 and IFRS 11 on consolidated financial statements

Accounting and Regulation

An Analysis of Differences in Terms of Professional Interests Based on the Project to Replace IAS 39

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