scholarly journals Impact in Earnings Management of Fair Value Measurement Based on Electric Power Industry

2013 ◽  
Vol 6 (8) ◽  
Author(s):  
Xiaoyan Liu ◽  
Yanqing Yu
Keyword(s):  
Earnings Management ◽  
Electric Power ◽  
Electric Power Industry ◽  
Fair Value ◽  
Power Industry ◽  
Fair Value Measurement ◽  
Value Measurement

scholarly journals THE APPLICATION OF FAIR VALUE ACCOUNTING IN BOSNIA AND HERZEGOVINA

2019 ◽  
Vol 17 (31) ◽  
Author(s):  
Amira Pobrić
Keyword(s):  
Earnings Management ◽  
Bosnia And Herzegovina ◽  
Fair Value ◽  
Financial Statement ◽  
Fair Value Accounting ◽  
Fair Value Measurement ◽  
Value Measurement ◽  
Level 2 ◽  
Infor Mation

This study investigates the application of fair value ac- counting in companies in Bosnia and Herzegovina. The study was conducted on a sample of 190 companies. The application of fair value accounting causes a lot of controversy related to the relevance and reliability of fair value information. It is believed that the extent to which fair value measurement is used reflects attitudes of financial statement preparers about the usefulness of this model at its best. The findings of this study sug- gest that most companies in Bosnia and Herzegovina do not have tendency to apply fair value accounting. It is found that half of the companies in the sample do not use fair value accounting at all. Almost half of the com- panies that use fair value accounting use it just because they own assets that require fair value measurement. Fair value accounting is much more used in financial and larger companies than in non-financial and smaller companies. Companies mostly use fair value accounting for the measurement of investment property. However, they use it for the measurement of intangible assets at a minimum. The findings also suggest that the application of fair value accounting increases the uncertainty in fi- nancial statements. The quality of fair value disclosures is very low. Numerous companies do not disclose infor- mation on fair value hierarchy and valuation techniques that were used for fair value measurement. Companies that disclose this information mostly use indirectly ob- servable inputs (Level 2) for fair value measurement and these create a lot of room for earnings management.

scholarly journals Analysis of the earnings management methods of China’s electric power companies based on modified Jones model

2021 ◽  
Vol 71 (5&6) ◽  
pp. 82
Author(s):  
Zhibin Liu ◽  
Nian Xie ◽  
Xiaoning Li
Keyword(s):  
Earnings Management ◽  
Electric Power ◽  
Stock Exchange ◽  
Electric Power Industry ◽  
Listed Companies ◽  
Significance Test ◽  
Power Industry ◽  
Fixed Assets ◽  
Jones Model ◽  
The Empirical Analysis

With the constant revision of accounting standards, the earnings management methods are constantly changed and innovated in order to achieve the purpose of beautifying the statements and manipulating profits. This paper took the electricity listed companies as the research object, selected the financial data of 52 listed companies in the Shanghai Stock Exchange and the Shenzhen Stock Exchange from 2014 to 2016 as the sample, and employed the SPSS statistics software to analyze the earnings management methods of the listed companies in the electric power industry and to draw the conclusions through empirical research. Based on the preliminary statistical analysis of the earnings management methods of listed companies in the electric power industry, this paper used the modified Jones model to verify the empirical analysis. The main conclusions of this paper are as follows: There is a positive linear relationship between fixed assets management, assets impairment management and discretional accruals of the listed companies in the electric power industry. The degree of its influence is more obvious and stable than that of other earnings management methods, and passed the significance test. The collinear diagnostics can also prove a more reasonable correlation among the variables, indicating that the results obtained from the modified Jones model is more significant.

Improving the integrated reporting of electric-power industry companies

2020 ◽  
Vol 23 (8) ◽  
pp. 922-939
Author(s):  
N.V. Malinovskaya ◽  
M.D. Malinovskii
Keyword(s):  
Comparative Analysis ◽  
Electric Power ◽  
Electric Power Industry ◽  
Power Industry ◽  
Integrated Reporting ◽  
Strategic Objectives ◽  
Methods Of Analysis ◽  
Analysis And Synthesis ◽  
Guiding Principles

Subject. This article deals with the issues relating to improving integrated reporting in terms of dovetailing strategic objectives with capital changes. Objectives. The article aims to develop a system of indicators for disclosure of capital types in integrated reporting of electricity generating companies, as well as recommendations aimed at implementing the fundamental concepts and guiding principles of integrated reporting. Methods. For the study, we used the methods of analysis and synthesis, comparison, generalization, and abstraction. As a case study, we conduct a comparative analysis of the disclosure of six types of capital by the largest electricity generating companies, namely PAO Inter RAO, AO Rosenergoatom and PAO RusHydro. Results. The article formulates proposals for disclosure of capital information to address such a lack of accountability as a contradiction to the principle of coherence. It proposes a system of indicators (core and additional) for disclosure of six types of capital by electricity generating companies. Conclusions. A significant reporting problem is the lack of correlation between key strategic objectives and capital changes. The formulated recommendations for disclosure of capital information can help solve this problem, and increase the attractiveness of the integrated report for capital providers.

EVALUATION OF INDICATORS FOR DETERMINING THE EFFICIENCY AND THE DEGREE OF READY OF THE COUNTRIES TO THE DIGITAL TRANSITION IN ELECTRICITY

2020 ◽  
Vol 1 (11) ◽  
pp. 12-22
Author(s):  
E. V. KARANINA ◽  
◽  
M. A. BORTNIKOV ◽  
Keyword(s):  
Electric Power ◽  
Structural Transformation ◽  
Electric Power Industry ◽  
Energy Transition ◽  
Basic Research ◽  
Power Industry ◽  
Energy Development ◽  
Global Level ◽  
Digital Transition ◽  
State Programs

The digital economy implies a structural transformation in many industries, including the energy sector, without taking into account the state specifics of the industry, for which full-fledged digitalization can be harmful. The aim of the study is to develop a methodology and determine the readiness of countries for digitalization in the electric power industry, taking into account all the main industry groups of factors. The paper analyzes the concept of “energy transition” and defines the indices that are applied to assess this transition at the global level. A system of indices is proposed to determine the degree of readiness for a digital transition in the electric power industry as one of the components of the “energy transition” and the most possible scenario for the transformation of this industry in Russia. The analysis of key areas of digital energy development is presented. The degree of readiness of the leading 100 countries in terms of GDP for digitalization in the electric power industry according to the proposed methodology has been calculated, and the further direction of basic research in this direction has been indicated. Conclusions have been drawn on the appropriateness of developing state programs and the main directions to which DM decision should be drawn with due desire to digitize the industry have been highlighted.

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