Research background: Accounting conservatism has been a significant area of research in the last few decades due to its effects on financial reporting quality. Nevertheless, it has been influenced by many factors that lead companies to be more or less conservative. Purpose: This paper aims to...

The main objective of this technical note is to identify, explore, and present an integrated process to facilitate the consolidation of financial statements in the public sector and the compilation of government finance statistics (GFS), considering jurisdictions' experiences and international...

The purpose of this discussion is to provide up-to-date information for parent company management on the performance of its subsidiaries and to provide an overview of the financial position of the parent and subsidiary companies and provide information for third parties (outside parties).”

This study involved a multinational entity listed on the Malawi Stock Exchange which adopted IAS 29 – Financial Reporting in Hyperinflationary Economy emanating from its foreign operation. The results of this study indicate that it is a rare phenomenon for effects of hyperinflation of a...

This chapter contributes to the Handbook of Corporate Liability, Martin Petrin & Christian Witting, eds. (Edward Elgar: 2022). It discusses the challenges of imposing liability on corporate groups that are composed of separate legal entities under common control or coordination but which...

Customer relationships are important strategic resources. With a sample of A-share listed firms from 2007 to 2020 in China, this paper examines the recognition and value relevance of customer-related intangible assets. Current accounting standards require an acquirer to recognise identifiable...

"Valuation and Financial Forecasting is a clearly written and easy to understand handbook intended to help readers of all skill levels accurately forecast financial statements, analyze capital investments, and value business enterprises. The book's approach transcends the traditional textbook...

In der 15. Auflage der "Konzernbilanzen", die in gänzlich überarbeitetem Layout erschienen ist, werden die neuesten Entwicklungen in der Konzernrechnungslegung nach handelsrechtlichen und internationalen Bilanzierungsstandards berücksichtigt.Im Rahmen der vollständigen inhaltlichen...

We examine the association between readability of ‘Notes to consolidated financial statements' (Notes) in annual reports and corporate bond yield spread. We find that less readable narrative disclosure of Notes is significantly associated with greater bond yield spread. In addition, the...

With the growth of municipal capitalism, both local governments (LGs) and their related entities are involved in debates about public sector financial debts. This chapter seeks a deeper understanding of the relevance of measuring liabilities through the consolidated financial statements (CFS)....

The increasingly widespread occurrence of business mergers by companies is intended to increase capital, business competition, have international networks, and expand and maintain their business. The financial records of companies that have consolidated are more complicated than those of...

As inventories represent a significant balance sheet item for many companies, their correct presentation and disclosure is fundamental for the financial statements’ users. This article identifies compliance with the ”IAS 2 Inventories“ requirements in consolidated financial statements of...

In this paper the selected problems of reliability and usefulness of consolidated financial statements, brought about by the existence of significant non-controlling interests, are discussed and illustrated with numerical examples. Non-controlling interests, labeled also as minority interests,...

Die Regelungen des IFRS 10 bedingen, dass aus kreditvertraglichen Rechten, insbesondere im Rahmen der Sanierung notleidender Kredite, eine Konsolidierungspflicht über den Kreditnehmer im IFRS-Konzernabschluss des Kreditinstituts entstehen kann. Da Kreditinstitute eine solche Konsolidierung...

Der Fall Wirecard hat Investoren, aber auch dem Finanzplatz Deutschland insgesamt erheblichen Schaden zugefügt. Wie konnte es den Verantwortlichen gelingen, Aufsichtsräte, Wirtschaftsprüfer, Finanzmarktaufsicht und viele andere hinters Licht zu führen?Eine aufschlussreiche Chronologie der...