Alternatives treatments contemplated in the international financial reporting standards(ifrs): An empirical application on argentinianenterprises
Abstract
This article analyzes alternatives treatmentsfound in international accounting standards (International Accounting Standards -IAS and International Financial Reporting Standards -IFRS)aboutsome terms which influences in accounting policy choices. When the criteria to be applied in the measurement of equity, determination of results and disclosure of accounting informationis being decided, the accounting informationreportershave the powerto decide one or another criteria. This generates a differencein financial statements.An empirical test has been carried out on Argentinianlisted companies included in the panel of leading companies, on their financial statements for the year 2016, linking categorical variables that define the companies (sector, quotation in foreign markets, size) with the alternatives proposed by NIC 1, NIC 16, NIC 38, NIC 40 and NIIF 9.Conclusions show that not all of the companies respect the disclosure indicated byIAS 1, that all companies adopt the cost model of IAS 16, and that the sector is a significant categorical variable when adopting fair values in the items provided for by IAS 38, 40 and IFRS 9.
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