Purpose This study aims to examine whether there are differences between financial statements prepared in accordance with International Financial Reporting Standards (IFRS) and local accounting standards terms of its ability present the conditions companies listed on Saudi Stock Exchange as one emerging markets. Design/methodology/approach Data variables were obtained from published 67 during p...

The prices of wine is a key topic for market participants interested in valuing their stock, including dealers, restaurants or consumers who may be interested in optimizing their purchases. As a closely related issue, re-valuation is the need to regularly update the value of a stock. This need is especially met by fund managers in the growing industry of wine as an investment. In this case, fai...

We support the Board’s efforts to enhance the disclosures about financial instruments and to converge the disclosure requirements with Statement of Financial Accounting Standards No. 157, Fair Value Measurements (Statement 157), issued by the U.S. Financial Accounting Standards Board (FASB). We believe the proposal to converge with the fair value hierarchy disclosures in Statement 157 is approp...

Subject. This article discusses the issue of defining Fair Value concept, its similarity and identification with concept Market Value. It examines specifics each particular value, defines Value, analyzes approaches (methods) fair value valuation, clarifies existing problems determining for purposes IFRS application. Objectives. The aims to define notion appropriate use in accounting, as well ex...

We study the influence of a major reform in financial reporting regulation – the adoption of the International Financial Reporting Standards (IFRS) – on financial decisions around the world. We find that post-IFRS: (i) firms are more likely to raise external financing and (ii) firms increase their use of equity capital if they experience a decrease in information asymmetry, operate in a high gr...

The IFRS Interpretations Committee (the Committee) has finally issued its Interpretation on accounting for waste removal costs IFRIC Interpretation 20 – Stripping Costs in the Production Phase of a Surface Mine (the Interpretation). This Interpretation is effective for annual periods beginning on or after 1 January 2013. Entities will be required to apply its requirements for production phase s...