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Publication Detailed Description
The impact of the adoption of IFRS 11 on the comparability of accounting information
Journal Title
Accounting and Business Research
Year (definitive publication)
2022
Language
English
Country
United Kingdom
More Information
Web of Science®
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Abstract
We analyse the impact of the introduction of IFRS 11 on the comparability of accounting information. IFRS 11 eliminated proportionate consolidation as an alternative to accounting for interests in joint ventures. Our sample comprises 2,059 firms with interests in joint ventures from 26 countries over the period 2005–2016. Overall, the comparability of accounting information decreased after the adoption of IFRS 11, but the effect is not uniformly distributed internationally. Further analysis of the information disclosed by the venturers in the notes indicates that the increase in disclosure requirements proposed by IFRS 12 may not fully mitigate the consequences of the elimination of proportionate consolidation in IFRS 11.
Acknowledgements
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Keywords
Comparability,IFRS 11,Proportionate consolidation,Joint ventures
Fields of Science and Technology Classification
- Economics and Business - Social Sciences
Funding Records
| Funding Reference | Funding Entity |
|---|---|
| UID/GES/00315/ 2019 | Fundação para a Ciência e a Tecnologia |
| 2015/27016-0 | Fundação de Amparo à Pesquisa do Estado de São Paulo |
