Utilize este identificador para referenciar este registo: http://hdl.handle.net/10400.14/5300
Título: Fair value or cost-based measurement for PPE and IP: evidence from accounting practice under IFRS
Autor: Fonseca, Maria
Data: 2007
Editora: European Accounting Association
Citação: ANNUAL CONGRESS OF THE EUROPEAN ACCOUNTING ASSOCIATION, 30th, Lisbon, Portugal, 25-27 April, 2007. 21 p.
Resumo: Some standards permit a choice between different measurement bases. IAS 16 and IAS 40 allow entities to choose between fair value and cost-based measurement for property, plant and equipment (PPE) and investment property (IP), respectively. This study analyzes the accounting practice concerning measurement of PPE and IP after recognition, under IFRS. The sample was extracted from stock exchange listed European companies included in the S&P Europe 350 Index. Data was hand collected from firm’s annual reports for the years of 2004 and 2005. Findings indicate great resistance to the fair value model. The preference for historical cost model is almost unanimous among European firms that prepared their consolidated financial statements in compliance with IFRS for the first time in 2005. Results seem to be consistent with the explanation that invokes the familiarity as being one of the reasons underlying the preparers’ preference for historical cost. That is, firms that applied historical cost model under former GAAP tend to carry on with historical cost under IFRS. Firms that had revaluate fixed assets before or at the transition date are more likely to adopt fair value model under IFRS. However, most of the companies that reported tangible fixed assets revaluations under previous GAAP shift to historical model under IFRS.
Peer review: yes
URI: http://hdl.handle.net/10400.14/5300
Aparece nas colecções:FEG - Comunicações em encontros internacionais / Presentations in international meetings

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