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- Russia-Ukraine war disclosures by energy-related european sectorsPublication . Albuquerque, Fábio; Gomes dos Santos, PaulaA military conflict was restarted in March 2022 when Russia invaded Ukraine. Energy-related European entities could be adversely affected by this event due to Europe's dependence on Russian energy imports. This exploratory paper evaluates the disclosures made by listed European entities in the energy sector regarding Russian aggression in Ukraine in 2022, taking into account that the impacts of this event must be reported under the International Accounting Standard (IAS) 10.
- A discourse analysis of Russia’s invasion of Ukraine by listed European entities from the energy-related sectorsPublication . Albuquerque, Fábio; Gomes dos Santos, PaulaRussia invaded Ukraine in March 2022, reinitiating a military conflict. Since Europe relied on Russian energy imports, entities in the energy sector may be affected. Based on content analysis, this exploratory paper assesses the disclosures by listed European entities in the energy sector in 2022 regarding Russia´s invasion of Ukraine, since the impacts of this event should at least be reported under International Accounting Standard (IAS) 10. The impression management (IM) strategies behind the entities´ disclosures are explored by using financial or integrated reporting as a source of information for the period ending in 2021. The findings mostly indicate a lower disclosure level among the entities that reported this event. Further, figures are often missing, and the entities´exposure to this non-adjustable event and its likely future impacts are usually unclear and vague within the notes on the subsequent events. Finally, messages´tone and readability might be aligned with concealment strategies. To the best of the authors´knowledge, this is the first research that uses this theme and IAS 10 notes as the object and source of analysis, respectively. The paper contributes to the literature by providing insights into the different patterns revealed by the entities concerning a current topic that has relevant social and economic impacts globally, as well as the characteristics of the entities´IAS 10 disclosures.
- Does the average payment period play a relevant role in explaining the portuguese municipalities’ financial distress?Publication . Gomes dos Santos, Paula; Albuquerque, FábioThe average payment period (APP) is an important measure to monitor public sector liquidity and commercial debt sustainability. In the European Union, the relevance of APP as an indicator to mitigate those concerns was settled by the issuance of a Directive on this topic. Then, considering the likely relationship between the APP and financial distress (FD), this paper aims to assess if the current and historical APP plays a relevant role in explaining the data for 308 Portuguese municipalities’ FD. Regression analysis, including panel data and simple linear regression models, is used for the period between 2011 and 2019 (the last year available for APP). The findings show that the number of municipalities that exceed the debt limit has been reducing. Some of them comply with the 30 days threshold being, nonetheless, in a financial distress situation and subject to recovery mechanisms. By APP levels, the findings identify that the APP significantly predicts FD for those entities that do not comply with the threshold. By size, the FD seems to be better explained by historical APP within the smaller entities. Finally, the robustness test and further analyses performed indicate the likely relevance of macroeconomic factors for predicting FD using APP as an explanatory variable. This paper contributes to previous studies on the municipalities’ financial condition, namely by considering the APP in the analysis of the financial situation of the municipalities. As a novelty, this study considers a new proxy for municipal FD and panel data analysis.
- Recent trends in accounting and information system research: a literature review using textual analysis toolsPublication . Albuquerque, Fábio; Gomes dos Santos, PaulaAccounting has been evolving to follow the latest economic, political, social, and technolog ical developments. Therefore, there is a need for researchers to also include in their research agenda the emerging topics in the accounting area. This exploratory paper selects technological matters in accounting as its research object, proposing a literature review that uses archival research as a method and content analysis as a technique. Using different tools for the assessment of qualitative data, this content analysis provides a summary of those papers, such as their main topics, most frequent words, and cluster analysis. A top journal was used as the source of information, namely The International Journal of Accounting Information Systems, given its scope, which links accounting and technological matters. Data from 2000 to 2022 was selected to provide an evolutive analysis since the beginning of this century, with a particular focus on the latest period. The findings indicate that the recent discussions and trending topics in accounting, including matters such as international regulation, the sustainable perspective in accounting, as well as new methods, channels, and processes for improving the entities’ auditing and reporting, have increased their relevance and influence, enriching the debate and future perspectives in combination with the use of new technologies. Therefore, this seems to be a path to follow as an avenue for future research. Notwithstanding, emerging technologies as a research topic seem to be slower or less evident than their apparent development in the accounting area. The findings from this paper are limited to a single journal and, therefore, this limitation must be considered in the context of those conclusions. Notwithstanding, its proposed analysis may con tribute to the profession, academia, and the scientific community overall, enabling the identification of the state of the art of literature in the technological area of accounting.
- Recent trends in accounting research: a literature reviewPublication . Albuquerque, Fábio; Gomes dos Santos, PaulaAccounting has been evolving to follow the latest developments in economic, political, social, and technological matters. Therefore, there is a need for researchers to also include in their research agenda the emerging topics in the accounting area. This chapter uses archival research as a method and content analysis as a technique to review the literature in accounting research. A top journal in accounting (The Journal of Accounting Research) is used as the source of information from 2000 to 2022, aiming to cover more generalist research topics in this area. The findings indicate that this journal is accessible to the newest discussions and topics. Notwithstanding, their emergence as a research matter seems to be slower or less evident than their apparent development in the accounting environment. Despite being limited to a single journal, the proposed analysis in this chapter may contribute to professionals, academia, and the scientific community overall, enabling the identification of the state of the art in the accounting research area.
- An exploratory study on the accounting choices of European listed entities under IAS 27Publication . Ribeiro, Maria; Gomes dos Santos, Paula; Albuquerque, FábioEntities with securities traded on regulated markets within the European Union (EU) that prepare separate financial statements and adopt International Accounting Standards (IAS) and International Financial Reporting Standards (IFRS) should follow IAS 27. Under IAS 27, entities can use three different accounting methods to recognise and measure their interests in subsidiaries, associates, and joint ventures: the cost method, the equity method under IAS 28, and fair value under IFRS 9. The purpose of this exploratory paper is to identify the accounting methods used for these financial investments under IAS 27. The study sample consists of entities from the major indices of EU countries, resulting in data from 267 entities. The findings indicate that the cost method is predominantly used by entities, with other methods collectively not exceeding 20%. Additionally, differences by country and sector were observed. These results contribute to the discussion on accounting choices in separate financial statements where these interests are reported.
- An assessment of the stakeholders' participation and view in IPSASB due processesPublication . Albuquerque, Fábio; Paiva da Penha, Maria Eugênia; Gomes dos Santos, PaulaDespite being an international reference, the majority of countries did not fully adopt international public sector accounting standards (IPSAS). Given the importance of due processes to the IPSAS Board (IPSASB) legitimation, this chapter uses the comment letters sent by different stakeholders within its due processes to assess their level of participation and agreement with the IPSASB position concerning their distinctive characteristics. For this purpose, seven ongoing projects in August 2021 are used as a source of information, and contingency tables and the chi-square test as statistical analysis techniques. The findings show, as matters of constraint to the IPSASB legitimacy, a low level of responses overall, as well as a lower level of agreement by government entities and national standards setters. The study provides inputs to the understanding of the limited implementation of IPSAS, proposing as a future avenue the inclusion of some elements that can be particularly useful to explain stakeholders' engagement and interests in IPSASB public consultation processes.