The effect of prior period adjustments on equity and ROE of companies listed on B3's New Market
Fernanda de Deus Vieira Silva,
Denise Mendes da Silva,
Geovane Camilo dos Santos
Abstract:Purpose: To analyze the effect of prior period adjustments (PPA) on Equity and on Return on Equity (ROE).
Methodology: The Statements of Changes in Equity and the Explanatory Notes of the companies listed on the B3’s New Market, from 2010 to 2019, were researched. To analyze the effects of PPA on equity and ROE, the Wilcoxon test was applied.
Results: The majority of the identified PPA pertain to changes in accounting policies, notably related to the application of IFRS 9/CPC 48 and IFRS 15/CPC 47 … Show more
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