IMPROVING COMMUNICATION THROUGH FINANCIAL STATEMENTS: SOME EFFECTS OF АPPLYING THE INTERNATIONAL ACCOUNTING STANDARDS BOARD INITIATIVE
The purpose of this paper is to analyze the effects of the IASB Initiative on Improving Communication through Financial Statements and the resulting changes to IAS 1, IAS 7 and IAS 27. The most debatable issues related to presentation, disclosure and over-disclosure are analyzed, as well as the sear...
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| Format: | Article |
| Language: | English |
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Mehmet Akif Ersoy University
2021-07-01
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| Series: | Mehmet Akif Ersoy Üniversitesi İktisadi ve İdari Bilimler Fakültesi Dergisi |
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| Online Access: | https://dergipark.org.tr/en/download/article-file/1327275 |
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| author | Rumyana Marinova Atanas Atanasov Fanya Filipova Reni Petrova |
| author_facet | Rumyana Marinova Atanas Atanasov Fanya Filipova Reni Petrova |
| author_sort | Rumyana Marinova |
| collection | DOAJ |
| description | The purpose of this paper is to analyze the effects of the IASB Initiative on Improving Communication through Financial Statements and the resulting changes to IAS 1, IAS 7 and IAS 27. The most debatable issues related to presentation, disclosure and over-disclosure are analyzed, as well as the search for reasonable solutions to optimize the volume and usefulness of the information disclosed in financial statements. Two samples of Bulgarian enterprises from different industries, listed on the large taxpayers and insurers list, were studied: the first covers 12 enterprises applying IAS/IFRS and the second - 6 companies which switched back to the National Accounting Standards (NAS) in the 2015-2018 period. Our results suggest that the problem of the complexity of IFRS, which is combined with increasing disclosure requirements, is one of the leading reasons for some Bulgarian companies to move back to the National Accounting Standards. |
| format | Article |
| id | doaj-art-cdcf2056b53749f09ed3ef4d610455e2 |
| institution | Kabale University |
| issn | 2149-1658 |
| language | English |
| publishDate | 2021-07-01 |
| publisher | Mehmet Akif Ersoy University |
| record_format | Article |
| series | Mehmet Akif Ersoy Üniversitesi İktisadi ve İdari Bilimler Fakültesi Dergisi |
| spelling | doaj-art-cdcf2056b53749f09ed3ef4d610455e22025-01-27T14:06:32ZengMehmet Akif Ersoy UniversityMehmet Akif Ersoy Üniversitesi İktisadi ve İdari Bilimler Fakültesi Dergisi2149-16582021-07-018276178110.30798/makuiibf.805055273IMPROVING COMMUNICATION THROUGH FINANCIAL STATEMENTS: SOME EFFECTS OF АPPLYING THE INTERNATIONAL ACCOUNTING STANDARDS BOARD INITIATIVERumyana Marinova0https://orcid.org/0000-0002-2790-9770Atanas Atanasov1https://orcid.org/0000-0003-0295-541XFanya Filipova2https://orcid.org/0000-0002-2415-9871Reni Petrova3https://orcid.org/0000-0001-8271-8670University of Economics - VarnaUniversity of Economics - VarnaUniversity of Economics - VarnaUniversity of Economics - VarnaThe purpose of this paper is to analyze the effects of the IASB Initiative on Improving Communication through Financial Statements and the resulting changes to IAS 1, IAS 7 and IAS 27. The most debatable issues related to presentation, disclosure and over-disclosure are analyzed, as well as the search for reasonable solutions to optimize the volume and usefulness of the information disclosed in financial statements. Two samples of Bulgarian enterprises from different industries, listed on the large taxpayers and insurers list, were studied: the first covers 12 enterprises applying IAS/IFRS and the second - 6 companies which switched back to the National Accounting Standards (NAS) in the 2015-2018 period. Our results suggest that the problem of the complexity of IFRS, which is combined with increasing disclosure requirements, is one of the leading reasons for some Bulgarian companies to move back to the National Accounting Standards.https://dergipark.org.tr/en/download/article-file/1327275iasb i̇fşa girişimiifrs'nin karmaşıklığımali tablolaryönetim iletişimiias / ifrs'deki değişiklikleriasb disclosure initiativecomplexity of ifrsmanagement communicationfinancial statementschanges to ias/ifrs; transition from ifrs to nas |
| spellingShingle | Rumyana Marinova Atanas Atanasov Fanya Filipova Reni Petrova IMPROVING COMMUNICATION THROUGH FINANCIAL STATEMENTS: SOME EFFECTS OF АPPLYING THE INTERNATIONAL ACCOUNTING STANDARDS BOARD INITIATIVE Mehmet Akif Ersoy Üniversitesi İktisadi ve İdari Bilimler Fakültesi Dergisi iasb i̇fşa girişimi ifrs'nin karmaşıklığı mali tablolar yönetim iletişimi ias / ifrs'deki değişiklikler iasb disclosure initiative complexity of ifrs management communication financial statements changes to ias/ifrs ; transition from ifrs to nas |
| title | IMPROVING COMMUNICATION THROUGH FINANCIAL STATEMENTS: SOME EFFECTS OF АPPLYING THE INTERNATIONAL ACCOUNTING STANDARDS BOARD INITIATIVE |
| title_full | IMPROVING COMMUNICATION THROUGH FINANCIAL STATEMENTS: SOME EFFECTS OF АPPLYING THE INTERNATIONAL ACCOUNTING STANDARDS BOARD INITIATIVE |
| title_fullStr | IMPROVING COMMUNICATION THROUGH FINANCIAL STATEMENTS: SOME EFFECTS OF АPPLYING THE INTERNATIONAL ACCOUNTING STANDARDS BOARD INITIATIVE |
| title_full_unstemmed | IMPROVING COMMUNICATION THROUGH FINANCIAL STATEMENTS: SOME EFFECTS OF АPPLYING THE INTERNATIONAL ACCOUNTING STANDARDS BOARD INITIATIVE |
| title_short | IMPROVING COMMUNICATION THROUGH FINANCIAL STATEMENTS: SOME EFFECTS OF АPPLYING THE INTERNATIONAL ACCOUNTING STANDARDS BOARD INITIATIVE |
| title_sort | improving communication through financial statements some effects of аpplying the international accounting standards board initiative |
| topic | iasb i̇fşa girişimi ifrs'nin karmaşıklığı mali tablolar yönetim iletişimi ias / ifrs'deki değişiklikler iasb disclosure initiative complexity of ifrs management communication financial statements changes to ias/ifrs ; transition from ifrs to nas |
| url | https://dergipark.org.tr/en/download/article-file/1327275 |
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