ULUSLARARASI FİNANSAL RAPORLAMA STANDARTLARI VE MUHASEBE KALİTESİ: İMKB ÖRNEĞİ
Yazarlar (1)
Prof. Dr. Mehmet Emin KARABAYIR Kafkas Üniversitesi, Türkiye
| Makale Türü | Özgün Makale (Uluslararası alan indekslerindeki dergilerde yayınlanan tam makale) | ||
| Dergi Adı | Ankara Üniversitesi | ||
| Makale Dili | – | Basım Tarihi | 01-2012 |
| Makale Linki | https://scholar.google.com/scholar?cluster=14050387296734237008&hl=en&oi=scholarr | ||
| UAK Araştırma Alanları |
Finansal Muhasebe
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| Özet |
| Financial reporting is the most comprehensive source providing stakeholders of the firm with the information they need. Beginning with the first interim financial reports of 2005, companies with public accountability in Turkiye-which had been preparing their financial reports according to the rules-based Turkish GAAP, have mandatorily started preparing their financial reports in accordance with UFRS, which is recognized as being a principles-based financial reporting system. There are important differences between the two reporting systems, both in terms of valuation principles and the information obtained from the accounting system. These differences should produce different results in terms of meeting information needs of the users of financial statements and therefore directly affect accounting quality. This study tests if IFRS, applied during the 2005-2010 period, produces higher quality accounting information than the Turkish GAAP, applied during the 1997-2002 period. Earnings management, earnings smoothing and value relevance of accounting information are the three metrics used to measure accounting quality. Higher earnings management, higher earnings smoothing and higher value relevance are interpreted as higher accounting quality. The proxy used for earnings management is discretionary accruals, which reveals managers? intervention to the accounting system. Higher magnitude of discretionary accruals means higher earnings management, therefore lower accounting quality. Proxies for earnings smoothing are based on the variance of the change in net income, the ratio of the variance of the change in net income to the … |
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