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Paper Information

Journal:   JOURNAL OF EMPIRICAL RESEARCH IN ACCOUNTING   WINTER 2019 , Volume 8 , Number 2 (30) #r00443; Page(s) 53 To 84.
 
Paper: 

The Comparison of Value Relevance of Assets Reporting in Traditional and Restructured Balance sheet based on IASB and FASB Exposure Draft

 
 
Author(s):  MOMENI IMAN, Foroughi Daruosh*, AMIRI HADI
 
* University of Isfahan
 
Abstract: 
This study reviews The Exposure Draft provided by FASB and IASB about restructuring of financial statements, that is supposed to be the basis for amendments to International Financial Reporting Standards (IFRS). Therefore, the purpose of this research is to compare the value relevance of current and noncurrent assets disaggregated into operating and investing as well as the value relevance of aggregated current and noncurrent assets in traditional balance sheet, with the stock return. The study uses data from 144 firms listed in Tehran Stock Exchange for the years from 2002 to 2014. Also, the asset section of the firms' balance sheet is restructured based on FASB and IASB Exposure Draft. To test the hypotheses, the multivariate regression analysis based on pool data has been used. The results show that the disaggregation process of current, non-current and total asset have significant positive effects on value relevance of balance sheet items to stock return, as compared to the aggregated asset disclosure in traditional balance sheet format.
 
Keyword(s): Value Relevance,Restructured Financial Statements,Cohesiveness Principle,Disaggregation Principle
 
References: 
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