Ijarah Accounting: A Comparison of International Accounting Standard-17 & Financial Accounting Standard-8

2013 ◽  
Author(s):  
Muhammad Hanif
Keyword(s):  
Financial Accounting ◽  
International Accounting ◽  
Accounting Standard ◽  
International Accounting Standard

scholarly journals The Differences Of Ijarah Financing and Conventional Lease On Islamic Law and Accounting Perspectives

IQTISHADUNA ◽  
2018 ◽  
Vol 8 (2) ◽  
pp. 139-148
Author(s):  
Fitriani .
Keyword(s):  
Financial Institutions ◽  
Islamic Law ◽  
Accounting Standards ◽  
Financial Accounting ◽  
International Accounting ◽  
Accounting Standard ◽  
Accounting Principles ◽  
Islamic Financial Institutions ◽  
International Accounting Standard

The main objective of this study is to explore the nature of accounting for Ijarahfinancing and its differences with conventional lease financing from the Islamic law and accounting perspectives.The study makes a comparison between the International Accounting Standard on leasing (IAS 17); the accounting standard for Ijarah (FAS 8) as developed by the Accounting and Auditing Organization for Islamic Financial Institutions (AAOIFI); and Statement of Financial Accounting Standards (Pernyataan Standar Akuntansi Keuangan/PSAK 107). The study found that there are major differences as to the nature of leasing and Ijarah, and as a result accounting principles that have driven all the three standards as well as accounting techniques developed for leasing and Ijarah are significantly different.

scholarly journals Verwerken van financiële ‘hedge’-instrumenten in de jaarrekening

2003 ◽  
Vol 77 (6) ◽  
pp. 270-278
Author(s):  
P. Smidt ◽  
D. M. Swagerman
Keyword(s):  
Financial Accounting ◽  
International Accounting ◽  
Accounting Standard ◽  
Hedge Accounting ◽  
Treasury Management ◽  
Ias 39 ◽  
International Accounting Standard

Dit artikel gaat in op de verwerking van ‘hedge’- instrumenten in de jaarrekening bij de Midkap-ondernemingen. Ondernemingen worden geconfronteerd met de consequenties van de nieuwe regelgeving op het terrein van waardering van financiële instrumenten zoals neergelegd in International Accounting Standard (IAS) 39, Financial Accounting Standard (FAS) 133 en de ontwerp-Richtlijn 290a. Deze regelgeving schrijft voor dat wanneer ‘hedge’-instrumenten, zoals termijncontracten en andere derivaten, worden gebruikt, zij in principe tegen marktwaarde in de jaarrekening moeten worden verwerkt. Slechts onder stringente voorwaarden is de bestaande Nederlandse praktijk van waardering van ‘hedge’-instrument en afgedekte positie gezamenlijk (‘hedge’-accounting) toegestaan. Er is een schriftelijke enquête gehouden onder de Midkap-ondernemingen met een response van 80%. Als algemene conclusie kan worden gesteld dat de invoering van deze nieuwe richtlijnen organisaties dwingt tot aanpassing van hun administratieve procedures rond risicomanagement, met een grotere rol voor operationele eenheden in ‘hedging’-beslissingen en vastlegging. Verder is aanpassing van de ICT-systemen die treasury-management en treasuryadministratie ondersteunen noodzakelijk.

Response to the Financial Accounting Standards Board’s and the International Accounting Standard Board’s Joint Discussion Paper Entitled Preliminary Views on Financial Statement Presentation

2010 ◽  
Vol 24 (1) ◽  
pp. 149-158 ◽  
Author(s):  
Stephen Moehrle ◽  
Thomas Stober ◽  
Karim Jamal ◽  
Robert Bloomfield ◽  
Theodore E. Christensen ◽  
...  
Keyword(s):  
Accounting Standards ◽  
Financial Accounting ◽  
Financial Statement ◽  
International Accounting ◽  
Financial Accounting Standards Board ◽  
Discussion Paper ◽  
Accounting Standard ◽  
Proposed Model ◽  
Financial Decision ◽  
International Accounting Standard

SYNOPSIS: The Financial Accounting Standards Board (hereafter, FASB) and the International Accounting Standard Board (hereafter, IASB) issued a joint discussion paper titled Preliminary Views on Financial Statement Presentation. The Boards are seeking comments on whether their proposed model for financial statement presentation would improve the usefulness of the financial statement information for financial decision makers. This paper sets forth the American Accounting Association Financial Accounting Standards Committee (hereafter, the committee) summary comments as well as responses to several of the FASB’s and IASB’s (hereafter, jointly mentioned, the Boards) specific objectives and principles-related questions. Overall, the committee believes that the model has several appealing features, but also has several potential problems. Many of the problems discussed related to potential learning impediments for users to adapt to the new presentation format.

An empirical analysis of an application of an alternative measurement model on international accounting standard 33, earnings per share

2020 ◽  
Vol 33 (2) ◽  
pp. 381-390
Author(s):  
John E. McEnroe ◽  
Mary Mindak
Keyword(s):  
Financial Accounting ◽  
International Accounting ◽  
Accounting Standard ◽  
Content Type ◽  
Earnings Per Share ◽  
The Us ◽  
Price Earnings Ratio ◽  
The Usa ◽  
The Impact ◽  
International Accounting Standard

Purpose The purpose of this paper is to investigate the empirical effects of modifying the calculation of the diluted earnings per share (EPS) number in an international compared to the US accounting setting. The diluted EPS calculation originated in the US Accounting Principles Board Opinion No. 15 (APB 15) and continues in both the US Statement of Financial Accounting Standard No. 128 (SFAS 128), EPS and International Accounting Standard 33 (IAS 33) EPS. Our analysis of the treatment of dilutive warrants and options versus other dilutive convertible securities extends the work of McEnroe and Sullivan (2018), hereafter referred to as McEnroe and Sullivan, 2018 and provides more insight into the impact on the international accounting regulatory environment. Using the McEnroe and Sullivan, 2018 proposed alternative EPS model, we investigate revising the EPS model and analyzing the impact on international data observations. Design/methodology/approach The authors selected our sample from the Compustat Fundamentals Annual Database – North America Daily file. Although using the Global – Daily file would be ideal, the data the authors need to make the alternative EPS calculations is not available in the Global database. The authors pulled data for the years 2010 through 2016 for both the USA and international companies. The authors eliminated companies based upon the criteria described later in the paper (which is comparable to the data restrictions set in McEnroe and Sullivan, 2018). Findings The results are comparable to the results of the US study. The authors find an average increase in diluted EPS to be 4.57 per cent and the median increase to be 2.43 per cent. McEnroe and Sullivan, 2018 found the average increase in diluted EPS to be 5.72 per cent and the median increase to be 3.81 per cent. The authors do not find a significant difference in the overall average percentage increase when looking across all of the years in the data set and comparing the USA to international observations. Overall, the authors further extend the previous conclusion of McEnroe and Sullivan, 2018 that both the USA and international standard setters should consider the alternative diluted EPS model for accounting regulation. Research limitations/implications The study consists of a sample of 262 international firms. An extended study, of all firms subject to International Accounting Reporting Standards (IFRS) might be used by the International Accounting Standards Board and then stratified by country to see if the capital structure of a particular nation’s securities is particularly impacted by the results. Practical implications As McEnroe and Sullivan, 2018, p. 499 state, the Financial Accounting Standards Board (FASB) avers that the price-earnings ratio of an equity is perhaps the most frequently cited business statistic in equity analysis. The authors cite one source Kuepper, (2018), that it is “one of the most popular metrics” on the international level of stocks using IFRS. Given that the denominator, in the price-earnings ratio is the focus of our study, as in the case McEnroe and Sullivan, 2018, the results have implications for the further study and revision of IAS 33. Social implications Again, as in the case of McEnroe and Sullivan, 2018, if currently reported diluted EPS results in lower equity prices than under the proposed model, an effect might be higher debt and equity costs. Since the authors are unaware of any rationale for the current treatment, the authors feel that the current formulation is less than optimal and that the issue of its provisions should be examined. Originality/value A review of the literature found no other study other than McEnroe and Sullivan, 2018 undertaking the issue.

THE EVOLUTION OF THE RELATIONSHIP BETWEEN THE US FINANCIAL ACCOUNTING STANDARDS BOARD AND THE INTERNATIONAL ACCOUNTING STANDARD SETTERS: 1973–2008

2012 ◽  
Vol 39 (1) ◽  
pp. 1-51 ◽  
Author(s):  
Robert J. Kirsch
Keyword(s):  
Accounting Standards ◽  
Financial Accounting ◽  
Working Relationships ◽  
International Accounting ◽  
International Accounting Standards ◽  
Financial Accounting Standards Board ◽  
Accounting Standard ◽  
Staff Members ◽  
The Us ◽  
The Relationship

ABSTRACT Utilizing archival materials as well as personal interviews and correspondence with personnel of the Financial Accounting Standards Board (FASB) and International Accounting Standards Committee/Board (IASC/B), including former Board chairmen and staff members, this paper examines the development of the working relationships between the FASB and the IASC/B from their earliest interactions in 1973 through the transformation of the IASC into the IASB and the Convergence Program rooted in the 2002 Norwalk Agreement up to 2008.

scholarly journals Ensino Embasado na Estrutura Conceitual: a escolha da metodologia ativa para aplicação de casos para ensino importa?

2020 ◽  
Vol 14 (4) ◽  
Author(s):  
Gleison De Abreu Pontes ◽  
Kellma Bianca Cardoso Fonseca ◽  
Ariane Caruline Fernandes ◽  
Patrícia De Souza Costa
Keyword(s):  
Financial Reporting ◽  
Problem Based Learning ◽  
International Financial Reporting Standards ◽  
International Accounting ◽  
Reporting Standards ◽  
Accounting Standard ◽  
Financial Reporting Standards ◽  
International Accounting Standard

Objetivo: Identificar quais competências são desenvolvidas na aplicação de casos para ensino com a utilização de técnicas de ensino diferentes, à luz do Ensino Embasado na Estrutura Conceitual (EEEC) e da Taxonomia de Bloom. Método: Foram testadas três técnicas de ensino: Grupo de Verbalização e de Observação (GVGO), Júri Simulado e Problem-Based Learning (PBL). A percepção dos discentes foi coletada por meio de questionário e grupo focal. Resultados: Na percepção dos estudantes, o emprego das técnicas, desenvolveu habilidades e competências distintas. Assim, a escolha da metodologia para aplicação de casos deve estar alinhada com os objetivos educacionais estabelecidos pelo docente. Além disso, apesar de terem sido desenvolvidas competências de todos os estágios do EEEC, GVGO e PBL desenvolveram mais aquelas do estágio 3, enquanto o Júri Simulado aquelas do estágio 2. Contribuições: Os resultados podem ser úteis para o International Accounting Standard Board (IASB) ir além do desenvolvimento de casos para ensino no EEEC, incorporando na agenda reflexões sobre quais metodologias utilizar na aplicação desses materiais no instituto de alcançar o objetivo aplicação coerente das International Financial Reporting Standards (IFRS). Essas reflexões também podem ser realizadas por pesquisadores e docentes a fim de contribuírem com o EEEC.

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