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Advisor(s)
Abstract(s)
A International Accounting Standard (IAS) 27 é utilizada na preparação das contas separadas das entidades com valores mobiliários admitidos à negociação em mercados regulamentados da União Europeia (UE) que adotam as Normas Internacionais de Contabilidade (NIC). Esta dissertação apresenta dois objetivos relacionados com a comparabilidade e a relevância da informação no contexto da IAS 27. O primeiro visa
identificar fatores explicativos do método de contabilização das participações financeiras previstas na IAS 27. Para esse efeito, foram selecionados a rendibilidade, o endividamento, a dimensão, o setor de atividade, a entidade auditora e variáveis do corporate governance, a partir de teorias relacionadas com accounting choices, assim como o país, o peso das participações financeiras e a adoção obrigatória ou facultativa das NIC. O segundo analisa o value relevance das contas separadas e das participações financeiras previstas na IAS 27. A amostra respeita às entidades dos principais índices dos países da UE, analisando-se os dados
através de técnicas de regressão. Relativamente ao primeiro objetivo, identificou-se uma associação negativa entre a adoção do método do custo e a dimensão das entidades e o peso das participações, e positiva entre aquele método e a dimensão do conselho de administração.
Para o segundo, constatou-se que as contas separadas e as participações financeiras em análise influenciam o valor das ações. Esta investigação contribui para a identificação das potenciais razões na escolha do método de contabilização em análise, bem como para a discussão em torno da relevância das contas separadas e das participações financeiras previstas na IAS 27.
The International Accounting Standard (IAS) 27 should be used in the preparation of separate financial statements for entities with securities traded on regulated markets within the European Union (EU) that adopt International Financial Reporting Standards (IFRS). This dissertation presents two different objectives focusing on comparability and relevance in the context of IAS 27. The first objective aims to identify the determinants of the accounting method for investments as prescribed by IAS 27. Profitability, indebtedness, size, the sector of activity, the auditor, and corporate governance variables were selected based on theories related to accounting choices. Additionally, factors such as the country, the weight of investments, and the mandatory or voluntary IFRS adoption were also chosen. The second objective analyses the value relevance of separate financial statements and financial investments in accordance with IAS 27. The study sample consists of entities from the major indices of EU countries, and regression techniques were used for data analysis. Based on first objective, a negative association was identified between the cost method and size of entities and the weight of investments, and a positive one between that and the number of members on the board of directors. For the second, it was found that separate financial statements and the financial investments under analysis influence the value of the entities' shares. These results will contribute to the identification of the motivations related to the choice of accounting method of investments in analysis, the relevance of separate financial statements, and the items reported therein.
The International Accounting Standard (IAS) 27 should be used in the preparation of separate financial statements for entities with securities traded on regulated markets within the European Union (EU) that adopt International Financial Reporting Standards (IFRS). This dissertation presents two different objectives focusing on comparability and relevance in the context of IAS 27. The first objective aims to identify the determinants of the accounting method for investments as prescribed by IAS 27. Profitability, indebtedness, size, the sector of activity, the auditor, and corporate governance variables were selected based on theories related to accounting choices. Additionally, factors such as the country, the weight of investments, and the mandatory or voluntary IFRS adoption were also chosen. The second objective analyses the value relevance of separate financial statements and financial investments in accordance with IAS 27. The study sample consists of entities from the major indices of EU countries, and regression techniques were used for data analysis. Based on first objective, a negative association was identified between the cost method and size of entities and the weight of investments, and a positive one between that and the number of members on the board of directors. For the second, it was found that separate financial statements and the financial investments under analysis influence the value of the entities' shares. These results will contribute to the identification of the motivations related to the choice of accounting method of investments in analysis, the relevance of separate financial statements, and the items reported therein.
Description
Mestrado em Auditoria
Keywords
Accounting choices Contas separadas NIC Participações financeiras Value relevance Separate financial statements IFRS Financial investments
Citation
Ribeiro, M. C. C. (2024) A comparabilidade e a relevância das contas separadas: Uma análise às entidades europeias cotadas. [Dissertação de mestrado, Instituto Superior de Contabilidade e Administração de Lisboa]. Repositório Científico do Instituto Politécnico de Lisboa. http://hdl.handle.net/10400.21/17572