The Effects of International Financial Reporting Standards on the Accounts and Accounting Quality of Australian Firms: A Retrospective Study

Goodwin, John; Ahmed, Kamran; Heaney, Richard

doi:10.1016/s1815-5669(10)70031-x

Cited by 100 publications

(119 citation statements)

References 42 publications

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“…Goodwin et al (Goodwin, Ahmed, & Heaney, 2008) examined the effect of Australian equivalents to IFRS on the accounts and accounting quality changes of financial ratios under DAS and IFRS for 1,065 listed firms. They found that under IFRS, mean liabilities increase; mean equity decreases; there were more decreases to earnings than increases; and the leverage ratio.…”

Section: Literature Reviewmentioning

confidence: 99%

An Analysis of how Financial Ratios of Companies in Turkey Are Affected by National Standards, and IFRS

Cengiz¹,

Combs²,

Samy³

2017

IBR

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The companies investigated are substantially the same in both analyses, but different versions of national standards are compared against international standards. Significant differences in average Book Value of Equity per Share are found after implementation of international standards for both sets of comparisons; and for one set only, at a lower confidence level, significant differences are indicated in the leverage ratio. The major contribution of the paper is the analyses of the differences during the pre and post implementation of international standards.

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Section: Literature Reviewmentioning

confidence: 99%

An Analysis of how Financial Ratios of Companies in Turkey Are Affected by National Standards, and IFRS

Cengiz¹,

Combs²,

Samy³

2017

IBR

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“…Therefore, many prior researchers have started to examine specific conditions or factors that can influence the relationship between accounting numbers and share price. These include the studies on the effects of accounting standard and regulation in specific industries (Chebaane & Othman 2014;Gulhan 2012;Agostino et al 2011;Horton & Serafeim 2010;Kadri et al 2009;Goodwin et al 2008;Lin & Chen 2005;Bartov et al 2005) and corporate governance (Cormier 2014;Jamaluddin et al 2009;Cools & van Praag 2007;Davis-Friday et al 2006).…”

Section: Ceo/md Succession and Value Relevance Of Accounting Numbersmentioning

confidence: 99%

“…In terms of value relevance, previous studies showed that changes in the accounting standards (Chebaane & Othman 2014;Agostino, Drago & Silipo 2011;Clarkson, Hanna, Richardson & Thompson 2011;Kadri, Abdul Aziz & Ibrahim 2009;Goodwin, Ahmed & Heaney 2008;Bartov, Goldberg & Kim 2005); type of industry (Tan, Hassan & Embong 2014;El-Gazzar, Finn & Tang 2009;Nwaeze 1998) and corporate governance of the firm (Cormier 2014;Jamaluddin, Mastuki & Elmiza Ahmad 2009;Cools & van Praag 2007;Davis-Friday, Eng & Liu 2006) influence value relevance of accounting numbers (book value of equity & earnings). However, none of these studies examined the role of incoming CEOs/MDs on the value relevance of accounting numbers.…”

Section: Introductionmentioning

confidence: 99%

Chief Executive Officer/ Managing Director Succession and Value Relevance of Accounting Numbers

Ahmad

Hassan

Jaffar

2016

AJAG

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“…Following the mandatory adoption of IFRS in Australia, Goodwin, Ahmed and Heaney (2008) examine the incremental value relevance of adjustments made to conform to IFRS. Using OLS regressions for both price and returns specifications they find no evidence that the earnings adjustment resulting from straight-lining provide incremental value relevance.…”

Section: Prior Studies On Leasesmentioning

confidence: 99%

The Value Relevance Of Straight-Lining Lease Expenses

Mey

2016

IBER

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The International Accounting Standards Board envisions the global acceptance of International Financial Reporting Standards (IFRS). This study exploits an occurrence in South Africa, where listed companies that previously accounted for operating leases with fixed inflationary-linked escalation clauses on an as-incurred basis, were required to straight-line those leases. Using the Ohlson (1995) valuation model this empirical study investigates the incremental value relevance of the straight-line basis over the as-incurred basis. Results show a significant change in the association between property-related operating lease expenses and market value indicators after the effect of straight-lining is introduced. This suggests that the straight-line basis provide investors with more value relevant information than when accounting for the expense as-incurred.Findings from this study prompt national accounting setters that allow for operating leases with fixed inflationary linked escalations to be accounted for on an as-incurred basis to consider first whether the straight-line basis do not provide more relevant information. Limiting the choice of accounting treatment may enhance comparability of financial statements.

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The Effects of International Financial Reporting Standards on the Accounts and Accounting Quality of Australian Firms: A Retrospective Study

Cited by 100 publications

References 42 publications

An Analysis of how Financial Ratios of Companies in Turkey Are Affected by National Standards, and IFRS

An Analysis of how Financial Ratios of Companies in Turkey Are Affected by National Standards, and IFRS

Chief Executive Officer/ Managing Director Succession and Value Relevance of Accounting Numbers

The Value Relevance Of Straight-Lining Lease Expenses

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