کد مقاله کد نشریه سال انتشار مقاله انگلیسی نسخه تمام متن
1005184 1481938 2012 28 صفحه PDF دانلود رایگان
عنوان انگلیسی مقاله ISI
Does the Control-based Approach to Consolidated Statements Better Reflect Market Value than the Ownership-based Approach?
موضوعات مرتبط
علوم انسانی و اجتماعی مدیریت، کسب و کار و حسابداری حسابداری
پیش نمایش صفحه اول مقاله
Does the Control-based Approach to Consolidated Statements Better Reflect Market Value than the Ownership-based Approach?
چکیده انگلیسی

Motivated by the recent Discussion Paper (DP) issued by the Financial Accounting Standards Board (FASB) and the International Accounting Standards Board (IASB) on how to define reporting entities, this study investigates the value relevance of consolidated statements under the ownership-based approach of U.S. Accounting Research Bulletin No. 51 (ARB 51) and the control-based approach of International Accounting Standard No. 27 (IAS 27). The results show that consolidated financial statements based on a broader definition of control provide more useful accounting information than those based only on majority-ownership control. We also address one concern raised in the DP, namely, whether a reporting entity should use the common control model to include entities that are under common control of an individual investor or family. The results suggest that accounting standard boards should include the common control model in defining the group reporting entity for firms with complex ownership structures.

ناشر
Database: Elsevier - ScienceDirect (ساینس دایرکت)
Journal: The International Journal of Accounting - Volume 47, Issue 2, June 2012, Pages 198–225
نویسندگان
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