Titolo completo
FINANCIAL REPORTING
Editore
FrancoAngeli
ISSN
2036-671X (Rivista Stampata)
2036-6779 (Rivista Online)
Numero del fascicolo
1
Designazione del fascicolo
1
Data del fascicolo
2021
Titolo completo
Bridge over troubled water: Is it possible to define other comprehensive income?
Di (autore)
Prima Pagina
61
Ultima Pagina
87
Lingua del testo
Inglese
Data di publicazione
2021/06
Copyright
2021 FrancoAngeli srl
Introduzione o prefazione
Although other comprehensive income did not exist in the conceptual framework until 2018, it has been a part of IFRS for many years, and it has not been defined based on accounting theory. This paper considers arguments for the current use of other comprehensive income under IFRS and finds that matching and prudence are at the core of other comprehensive income in IFRS despite not being elements of the conceptual framework. This suggests that the concept of other comprehensive income exists because the IFRS standards are founded on a mix of balance sheet-based and income statement-based accounting principles. Based on the characteristics of other comprehensive income and the IASB's arguments for the recognition of gains and losses in other comprehensive income, this paper proposes a definition of other comprehensive income that can be used to ensure a uniform application of the concept across accounting standards and to reduce risks of inconsistency.
Citazione non strutturata
Barker R. (2004), Reporting financial performance, Accounting horizons, 18(2): 157-172.
https://doi.org/10.2308/acch.2004.18.2.157
Citazione non strutturata
Barker R. and Penman S. H. (2017), Moving the conceptual framework forward: Accounting for uncertainty, Contemporary Accounting Research.
Citazione non strutturata
Barker R., and Schulte S. (2017), Representing the market perspective: Fair value measurement for non-financial assets, Accounting,
Organizations and Society 56: 55-67.
https://doi.org/10.1016/j.aos.2014.12.004
Citazione non strutturata
Barth M. E. (1994), Fair value accounting: Evidence from investment securities and the market valuation of banks, Accounting Review, 1-25.
Citazione non strutturata
Barth M. E. (2018), The Future of Financial Reporting: Insights from Research, Abacus, 54(1): 66-78.
https://doi.org/10.1111/abac.12124
Citazione non strutturata
Barth M. E., Beaver W. H., and Landsman W. R. (2001), The relevance of the value relevance literature for financial accounting
standard setting: another view, Journal of accounting and economics, 31(1-3): 77-104.
https://doi.org/10.1016/S0165-4101(01)00019-2
Citazione non strutturata
Barton J., Bowe Hansen T., and Pownall G. (2010), Which performance measures do investors around the world value the most
– And why?, The Accounting Review, 85(3): 753-789.
https://doi.org/10.2308/accr.2010.85.3.753
Citazione non strutturata
Bedford N. M. and Ziegler R. E. (1975), The contributions of AC Littleton to accounting thought and practice, The Accounting Review, 50(3): 435.
Citazione non strutturata
Bertoni M. and De Rosa B. (2013). Comprehensive Income, Fair Value, and Conservatism: A Conceptual Framework for Reporting
Financial Performance (March 25, 2013), 5th International Conference «Economic Integration, competition and cooperation»,
Croatia, Opatija, 2005.
https://doi.org/10.2139/ssrn.2239303
Citazione non strutturata
Biddle G. C., and Choi J.-H. (2006), Is comprehensive income useful?, Journal of Contemporary Accounting & Economics, 2(1):
1-32.
https://doi.org/10.1016/S1815-5669(10)70015-1
Citazione non strutturata
Black D. (2016), Other comprehensive income: a review and directions for future research, Accounting and Finance.
https://doi.org/10.2139/ssrn.2612865
Citazione non strutturata
Brief R. P. and Peasnell K. V. (eds) (2013), Clean surplus: A link between accounting and finance, (Routledge).
https://doi.org/10.4324/9781315050638
Citazione non strutturata
Cilloni A., Marinoni M. A. and Merino B. (2013), Comprehensive Income, An Historical Perspective. The Development Of Proprietorship And Entity Theories, An International Approach, European Journal of Accounting, Finance & Business, 1(1), pp. 56-78.
Citazione non strutturata
Chambers D., Linsmeier T., Shakespeare C., and Sougiannis T. (2007), An evaluation of SFAS No. 130 comprehensive income disclosures,
Review of Accounting Studies, 12, pp. 557-593. Dhaliwal Dan, Subramanyam K. R., and Trezevant R. (1999), Is comprehensive
income superior to net income as a measure of firm performance?, Journal of Accounting and Economics, 26(1-3), pp. 43-67.
https://doi.org/10.1016/S0165-4101(98)00033-0
Citazione non strutturata
Dichev I. D. (2008), On the Balance Sheet-based Model of financial Reporting, Accounting Horizons.
https://doi.org/10.2139/ssrn.1009673
Citazione non strutturata
Edwards E. O. and Bell P. W. (1961), The Theory and measurement of business income. (Berkeley, Los Angeles: University of
California Press).
https://doi.org/10.1525/9780520340626
Citazione non strutturata
EFRAG (2015), Getting a Better Framework – Profit or Loss versus OCI, Bulletin.
Citazione non strutturata
Ernstberger J. (2008). The value relevance of comprehensive income under IFRS and US GAAP: empirical evidence from Germany,
International Journal of Accounting, Auditing and Performance Evaluation, 5(1), pp. 1-29.
https://doi.org/10.1504/IJAAPE.2008.020191
Citazione non strutturata
Goncharov I., and Hodgson A. (2011), Measuring and reporting income in Europe, Journal of International Accounting Research,
10, pp. 27-59.
https://doi.org/10.2308/jiar.2011.10.1.27
Citazione non strutturata
Günther R. (2015), Value-Relevance of Other Comprehensive Income under IFRS. (Diss. University of St. Gallen).
Citazione non strutturata
Hirst D. E. and Hopkins P. E. (1998), Comprehensive income reporting and analysts’ valuation judgments, Journal of Accounting
Research, 36, pp. 47-75.
https://doi.org/10.2307/2491306
Citazione non strutturata
Hirst D. E., Hopkins P. E. and Wahlen J. M. (2004), Fair values, income measurement, and bank analysts’ risk and valuation
judgments, The Accounting Review, 79(2), pp. 453-472.
https://doi.org/10.2308/accr.2004.79.2.453
Citazione non strutturata
Incollingo A., Lucchese M., and Di Carlo F. (2014), The Role of Comprehensive Income as Financial Performance Predictor: Panel Evidence From Italy, Journal of Modern Accounting and Auditing, 10(12), pp. 1139-1152.
Citazione non strutturata
International accounting standards board. Discussion Paper DP/2013/1 (2013), A Review of the Conceptual Framework for Financial Reporting.
Citazione non strutturata
International accounting standards board. Exposure Draft ED/2015/3 (2015), Conceptual Framework for Financial Reporting. International accounting standards board. IAS 1 (2011), Presentation of financial statements.
Citazione non strutturata
International accounting standards board. IFRS Conceptual Framework (2018a), Conceptual Framework for Financial Reporting.
Citazione non strutturata
International accounting standards board. IFRS Conceptual Framework – Basis for Conclusions (2018b), Conceptual Framework for Financial Reporting.
Citazione non strutturata
International accounting standards board (2010), The Conceptual Framework for Financial Reporting.
Citazione non strutturata
Jones D. A. and Smith K. J. (2011), Comparing the value relevance, predictive value, and persistence of other comprehensive
income and special items, The Accounting Review, 86(6), pp. 2047-2073.
https://doi.org/10.2308/accr-10133
Citazione non strutturata
Kanagaretnam K., Mathieu R., and Shehata M. (2009), Usefulness of comprehensive income reporting in Canada, Journal of Accounting
and Public Policy, 28(4): 349-365.
https://doi.org/10.1016/j.jaccpubpol.2009.06.004
Citazione non strutturata
Linsmeier T. J. et al. (1997). An issues paper on comprehensive income, Accounting Horizons, 11(2), pp. 120. Maines L. A.,
and McDaniel L. S. (2000), Effects of comprehensive-income characteristics on nonprofessional investors’ judgments: The role
of financial-statement presentation format, The accounting review, 75(29), pp. 179-207. Mechelli A. and Cimini R. (2014),
Is comprehensive income value relevant and does location matter? A European study, Accounting in Europe, 11(1), pp. 59-87.
https://doi.org/10.2308/accr.2000.75.2.179
Citazione non strutturata
Ohlson J. A. (19999, On transitory earnings, Review of Accounting Studies. Paton W. A., and Littleton A. C. (1940), An Introduction to Corporate Accounting Standards. (American Accounting Association).
Citazione non strutturata
Pronobis P., and Zülch H. (2011), The predictive power of comprehensive income and its individual components under IFRS, Problems
and Perspectives in Management (PPM), Forthcoming.
https://doi.org/10.2139/ssrn.1576384
Citazione non strutturata
Robinson L. E. (1991), The time has come to report comprehensive income, Accounting Horizons, 5(2), p. 107.
Citazione non strutturata
Schaberl P., and Victoravich L. (2015), Reporting location and the value relevance of accounting information: the case of
other comprehensive income, Advances in Accounting, 31, pp. 239-246.
https://doi.org/10.1016/j.adiac.2015.09.006
Citazione non strutturata
Sprouse R. T. (1966), Accounting for what-you-may-call-it, Journal of Accountancy (pre-1986) 122.000004, 45.
Citazione non strutturata
Zimmerman A. B., and Bloom R. (2016), The matching principle revisited, Accounting Historians Journal, 43(1), pp. 79-119.
https://doi.org/10.2308/0148-4184.43.1.79