Pro forma disclosure practices of firms applying IFRS
Purpose – The purpose of this paper is empirically investigate the pro forma disclosure behavior of US-listed foreign firms applying International Financial Reporting Standards (IFRS). Design/methodology/approach – The annual earnings press releases of US-listed foreign firms on the New York Stock E...
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| Veröffentlicht in: | International journal of accounting and information management 2015-10, Vol.23 (4), p.383-403 |
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| container_title | International journal of accounting and information management |
| container_volume | 23 |
| creator | Solsma, Lori Wilder, W. Mark |
| description | Purpose
– The purpose of this paper is empirically investigate the pro forma disclosure behavior of US-listed foreign firms applying International Financial Reporting Standards (IFRS).
Design/methodology/approach
– The annual earnings press releases of US-listed foreign firms on the New York Stock Exchange are analyzed to compare the effect that reporting standard (specifically IFRS) has on pro forma disclosure frequency, disclosure characteristics and benchmarking.
Findings
– US-listed foreign firms applying IFRS report pro forma disclosures more frequently than firms using the USA’s generally accepted accounting principles (GAAP), but less opportunistically.
Originality/value
– This paper extends Epping and Wilder’s (2011) study and contributes to the pro forma disclosure literature by providing a cross-country analysis of non-GAAP disclosure based on reporting standard (IFRS or US GAAP). Understanding the non-GAAP disclosure of firms applying IFRS is useful to investors and regulators, as more countries adopt IFRS. |
| doi_str_mv | 10.1108/IJAIM-12-2014-0083 |
| format | Article |
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– The purpose of this paper is empirically investigate the pro forma disclosure behavior of US-listed foreign firms applying International Financial Reporting Standards (IFRS).
Design/methodology/approach
– The annual earnings press releases of US-listed foreign firms on the New York Stock Exchange are analyzed to compare the effect that reporting standard (specifically IFRS) has on pro forma disclosure frequency, disclosure characteristics and benchmarking.
Findings
– US-listed foreign firms applying IFRS report pro forma disclosures more frequently than firms using the USA’s generally accepted accounting principles (GAAP), but less opportunistically.
Originality/value
– This paper extends Epping and Wilder’s (2011) study and contributes to the pro forma disclosure literature by providing a cross-country analysis of non-GAAP disclosure based on reporting standard (IFRS or US GAAP). Understanding the non-GAAP disclosure of firms applying IFRS is useful to investors and regulators, as more countries adopt IFRS.</description><identifier>ISSN: 1834-7649</identifier><identifier>EISSN: 1758-9037</identifier><identifier>DOI: 10.1108/IJAIM-12-2014-0083</identifier><language>eng</language><publisher>Bingley: Emerald Group Publishing Limited</publisher><subject>Accounting ; Accounting & Finance ; Accounting methods/systems ; Accounting/accountancy ; Behavior ; Cash flow statements ; Councils ; Disclosure ; Financial reporting ; Financial statements ; GAAP ; International Financial Reporting Standards ; Pro forma financial statements ; Quality standards ; Regulation of financial institutions</subject><ispartof>International journal of accounting and information management, 2015-10, Vol.23 (4), p.383-403</ispartof><rights>Emerald Group Publishing Limited</rights><rights>Emerald Group Publishing Limited 2015</rights><lds50>peer_reviewed</lds50><woscitedreferencessubscribed>false</woscitedreferencessubscribed><citedby>FETCH-LOGICAL-c348t-ddd887c9e8b2a9d3d21958410ef9b26af3b436a60f88eb9066fb6481323919bc3</citedby><cites>FETCH-LOGICAL-c348t-ddd887c9e8b2a9d3d21958410ef9b26af3b436a60f88eb9066fb6481323919bc3</cites></display><links><openurl>$$Topenurl_article</openurl><openurlfulltext>$$Topenurlfull_article</openurlfulltext><thumbnail>$$Tsyndetics_thumb_exl</thumbnail><linktopdf>$$Uhttps://www.emerald.com/insight/content/doi/10.1108/IJAIM-12-2014-0083/full/pdf$$EPDF$$P50$$Gemerald$$H</linktopdf><linktohtml>$$Uhttps://www.emerald.com/insight/content/doi/10.1108/IJAIM-12-2014-0083/full/html$$EHTML$$P50$$Gemerald$$H</linktohtml><link.rule.ids>314,780,784,966,11634,21694,27923,27924,52685,52688,53243,53371</link.rule.ids></links><search><creatorcontrib>Solsma, Lori</creatorcontrib><creatorcontrib>Wilder, W. Mark</creatorcontrib><title>Pro forma disclosure practices of firms applying IFRS</title><title>International journal of accounting and information management</title><description>Purpose
– The purpose of this paper is empirically investigate the pro forma disclosure behavior of US-listed foreign firms applying International Financial Reporting Standards (IFRS).
Design/methodology/approach
– The annual earnings press releases of US-listed foreign firms on the New York Stock Exchange are analyzed to compare the effect that reporting standard (specifically IFRS) has on pro forma disclosure frequency, disclosure characteristics and benchmarking.
Findings
– US-listed foreign firms applying IFRS report pro forma disclosures more frequently than firms using the USA’s generally accepted accounting principles (GAAP), but less opportunistically.
Originality/value
– This paper extends Epping and Wilder’s (2011) study and contributes to the pro forma disclosure literature by providing a cross-country analysis of non-GAAP disclosure based on reporting standard (IFRS or US GAAP). Understanding the non-GAAP disclosure of firms applying IFRS is useful to investors and regulators, as more countries adopt IFRS.</description><subject>Accounting</subject><subject>Accounting & Finance</subject><subject>Accounting methods/systems</subject><subject>Accounting/accountancy</subject><subject>Behavior</subject><subject>Cash flow statements</subject><subject>Councils</subject><subject>Disclosure</subject><subject>Financial reporting</subject><subject>Financial statements</subject><subject>GAAP</subject><subject>International Financial Reporting Standards</subject><subject>Pro forma financial statements</subject><subject>Quality standards</subject><subject>Regulation of financial institutions</subject><issn>1834-7649</issn><issn>1758-9037</issn><fulltext>true</fulltext><rsrctype>article</rsrctype><creationdate>2015</creationdate><recordtype>article</recordtype><sourceid>AFKRA</sourceid><sourceid>BENPR</sourceid><sourceid>CCPQU</sourceid><sourceid>DWQXO</sourceid><recordid>eNptkD1PwzAURS0EEqXwB5giMRvesx3HHquK0qAiEB-z5Tg2SpU0wW6H_ntSyoLEdN9wz7vSIeQa4RYR1F35OCufKDLKAAUFUPyETLDIFdXAi9PxVlzQQgp9Ti5SWgNILUBNSP4S-yz0sbNZ3STX9mkXfTZE67aN8ynrQxaa2KXMDkO7bzafWbl4fbskZ8G2yV_95pR8LO7f50u6en4o57MVdVyoLa3rWqnCaa8qZnXNa4Y6VwLBB10xaQOvBJdWQlDKVxqkDJUUCjnjGnXl-JTcHP8Osf_a-bQ1634XN-OkYQg5MKELHFvs2HKxTyn6YIbYdDbuDYI56DE_egwyc9BjDnpGCI-Q73y0bf0_80cp_wZ3D2VP</recordid><startdate>20151005</startdate><enddate>20151005</enddate><creator>Solsma, Lori</creator><creator>Wilder, W. Mark</creator><general>Emerald Group Publishing Limited</general><scope>AAYXX</scope><scope>CITATION</scope><scope>7X1</scope><scope>7XB</scope><scope>AFKRA</scope><scope>ANIOZ</scope><scope>BENPR</scope><scope>BEZIV</scope><scope>CCPQU</scope><scope>DWQXO</scope><scope>K6~</scope><scope>L.-</scope><scope>PQBIZ</scope><scope>PQEST</scope><scope>PQQKQ</scope><scope>PQUKI</scope><scope>Q9U</scope></search><sort><creationdate>20151005</creationdate><title>Pro forma disclosure practices of firms applying IFRS</title><author>Solsma, Lori ; Wilder, W. Mark</author></sort><facets><frbrtype>5</frbrtype><frbrgroupid>cdi_FETCH-LOGICAL-c348t-ddd887c9e8b2a9d3d21958410ef9b26af3b436a60f88eb9066fb6481323919bc3</frbrgroupid><rsrctype>articles</rsrctype><prefilter>articles</prefilter><language>eng</language><creationdate>2015</creationdate><topic>Accounting</topic><topic>Accounting & Finance</topic><topic>Accounting methods/systems</topic><topic>Accounting/accountancy</topic><topic>Behavior</topic><topic>Cash flow statements</topic><topic>Councils</topic><topic>Disclosure</topic><topic>Financial reporting</topic><topic>Financial statements</topic><topic>GAAP</topic><topic>International Financial Reporting Standards</topic><topic>Pro forma financial statements</topic><topic>Quality standards</topic><topic>Regulation of financial institutions</topic><toplevel>peer_reviewed</toplevel><toplevel>online_resources</toplevel><creatorcontrib>Solsma, Lori</creatorcontrib><creatorcontrib>Wilder, W. Mark</creatorcontrib><collection>CrossRef</collection><collection>Accounting & Tax Database</collection><collection>ProQuest Central (purchase pre-March 2016)</collection><collection>ProQuest Central UK/Ireland</collection><collection>Accounting, Tax & Banking Collection</collection><collection>ProQuest Central</collection><collection>Business Premium Collection</collection><collection>ProQuest One Community College</collection><collection>ProQuest Central Korea</collection><collection>ProQuest Business Collection</collection><collection>ABI/INFORM Professional Advanced</collection><collection>One Business (ProQuest)</collection><collection>ProQuest One Academic Eastern Edition (DO NOT USE)</collection><collection>ProQuest One Academic</collection><collection>ProQuest One Academic UKI Edition</collection><collection>ProQuest Central Basic</collection><jtitle>International journal of accounting and information management</jtitle></facets><delivery><delcategory>Remote Search Resource</delcategory><fulltext>fulltext</fulltext></delivery><addata><au>Solsma, Lori</au><au>Wilder, W. Mark</au><format>journal</format><genre>article</genre><ristype>JOUR</ristype><atitle>Pro forma disclosure practices of firms applying IFRS</atitle><jtitle>International journal of accounting and information management</jtitle><date>2015-10-05</date><risdate>2015</risdate><volume>23</volume><issue>4</issue><spage>383</spage><epage>403</epage><pages>383-403</pages><issn>1834-7649</issn><eissn>1758-9037</eissn><abstract>Purpose
– The purpose of this paper is empirically investigate the pro forma disclosure behavior of US-listed foreign firms applying International Financial Reporting Standards (IFRS).
Design/methodology/approach
– The annual earnings press releases of US-listed foreign firms on the New York Stock Exchange are analyzed to compare the effect that reporting standard (specifically IFRS) has on pro forma disclosure frequency, disclosure characteristics and benchmarking.
Findings
– US-listed foreign firms applying IFRS report pro forma disclosures more frequently than firms using the USA’s generally accepted accounting principles (GAAP), but less opportunistically.
Originality/value
– This paper extends Epping and Wilder’s (2011) study and contributes to the pro forma disclosure literature by providing a cross-country analysis of non-GAAP disclosure based on reporting standard (IFRS or US GAAP). Understanding the non-GAAP disclosure of firms applying IFRS is useful to investors and regulators, as more countries adopt IFRS.</abstract><cop>Bingley</cop><pub>Emerald Group Publishing Limited</pub><doi>10.1108/IJAIM-12-2014-0083</doi><tpages>21</tpages></addata></record> |
| fulltext | fulltext |
| identifier | ISSN: 1834-7649 |
| ispartof | International journal of accounting and information management, 2015-10, Vol.23 (4), p.383-403 |
| issn | 1834-7649 1758-9037 |
| language | eng |
| recordid | cdi_emerald_primary_10_1108_IJAIM-12-2014-0083 |
| source | Emerald Journals; Standard: Emerald eJournal Premier Collection |
| subjects | Accounting Accounting & Finance Accounting methods/systems Accounting/accountancy Behavior Cash flow statements Councils Disclosure Financial reporting Financial statements GAAP International Financial Reporting Standards Pro forma financial statements Quality standards Regulation of financial institutions |
| title | Pro forma disclosure practices of firms applying IFRS |
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