Comparabilidade das Escolhas Contábeis em Propriedades para Investimentos de Empresas Listadas na BM&FBOVESPA e NYSE

Reiner Alves Botinha; Sirlei Lemes

doi:10.51341/1984-3925_2017v20n1a7

Authors

Reiner Alves Botinha Federal University of Uberlândia
Sirlei Lemes Federal University of Uberlândia

DOI:

https://doi.org/10.51341/1984-3925_2017v20n1a7

Keywords:

Comparability, Accounting Choices, Investment Propertie, T Index

Abstract

This research aimed to identify the consequence of the accounting choices made by public companies managers listed on the NYSE and the BM&FBOVESPA, in relation to the subsequent measurement of investment properties, through identifying the comparability degree of financial reports from the year 2013. The degree of comparability was calculated using the T index Taplin. In this paper, it was observed that, in a more conservative way, to both stock exchanges, there was increased use of the cost method for the sample companies. Even with the existence of accounting choices, it is considered that there is comparability between accounting practices in the recognition of investment property from the companies listed on the BM&FBOVESPA and NYSE. However, the degree of comparability was presented low for the international comparability and in the medium, near the lower limit for comparability per stock exchange. A curious fact is the presentation of a greater degree of comparability for the companies listed on the BM&FBOVESPA in relation to listed on the NYSE, which is a more developed capital market. In the analysis of the comparability by sector, it was observed a medium degree close to the upper limit. It has also been inferred the low comparability degrees identified may be related to the different choices made by the companies regarding the measurement methods.

Downloads

Download data is not yet available.

Author Biographies

Reiner Alves Botinha, Federal University of Uberlândia

Professor substituto na Faculdade de Ciências Contábeis da Universidade Federal de Uberlândia. Atualmente Doutorando do Curso de Pós-Graduação em Ciências Contábeis pela Universidade Federal de Uberlândia na linha de Contabilidade Financeira. Mestre em Ciências Contábeis pela mesma instituição e linha de pesquisa.

Sirlei Lemes, Federal University of Uberlândia

Doutora em Controladoria e Contabilidade pela Faculdade de Economia, Administração e Contabilidade da Universidade de São Paulo. Professora dos cursos de Graduação e Pós-Graduação da Faculdade de Ciências Contábeis da Universidade Federal de Uberlândia.

References

Andrade, M. E. M. C., Silva, D. M., & Malaquias, R. F. (2013). Escolhas Contábeis em Propriedades para Investimento. Revista Universo Contábil, 9(3), 22-37.

Bayerlein, L., & Farooque, O. Al. (2012). Influence of a mandatory IFRS adoption on accounting practice: Evidence from Australia, Hong Kong and the United Kingdom. Asian Review of Accounting, 20(2), 93-118.

Ball, R., & Shivakumar, L. (2005). Earnings quality in UK private firms: comparative loss recognition timeliness. Journal of Accounting and Economics, 39 (1), 83-128.

Barth, M. E. (2013). Global Comparability in Financial Reporting: What, Why, How, and When? China Journal of Accounting Studies, 1(1), 2–12.

Botinha, R. A., & Lemes, S. (2016, jan.-abr.). Escolha do uso do valor justo para Propriedades para Investimentos: uma Influência das características de empresas Listadas na Bm&fbovespa e na Nyse. Advances in Scientific and Applied Accounting, São Paulo, 9(1), 22-40.

Cairns, D., Massoudi, D., Taplin, R., & Tarca, A. (2011). IFRS fair value measurement and accounting policy choice in the United Kingdom and Australia. The British Accounting Review, 43(1), 1-21.

Catuogno, S., & Allini, A. (2011). Multiple evaluation options e comparability: equity investments in Italy and Spain. Accounting and Management Information Systems, 10(2), 249–274.

Chand, P., Patel, C., & Patel, A. (2010). Interpretation and application of “new” and “complex” international financial reporting standards in Fiji: Implications for convergence of accounting standards. Advances in Accounting, incorporating Advances in International Accounting, 1(26), 280-289.

Cole, V., Branson, J., & Breesch, D. (2011). Determinants influencing the De facto Comparability of European IFRS Financial Statements. Recuperado em 15 julho, 2013, de http://papers.ssrn.com/sol3/papers.cfm?abstract_id=1967001.

Demaria, S., & Dufour, D. (2007). First time adoption of IFRS, Fair value option, Conservatism: Evidences from French listed companies. Recuperado em 26 dezembro, 2013, de http://hal.archives-cuvertes.fr/docs/00/26/61/89/PDF/ First_adoption_and_fair_value_ Demaria_Dufour.pdf

Fields, T.D., Lys, T.Z., & Vincent, L. (2001). Empirical research on accounting choice. Journal of Accounting and Economics, 31(1), 255-307.

Freri, M.R., & Salotti, B.M. (2013, jan.-abr.). Comparabilidade de empresas administradoras de shoppings centers do mercado de capitais brasileiro. Revista de Contabilidade do Mestrado em Ciências Contábeis da UERJ (online), Rio de Janeiro, 18(1), 26-45.

Haller, A., & Wehrfritz, M. (2013). The impact of national GAAP and accounting traditions on IFRS policy selection – evidence from Germany and the UK. Journal of International Accounting, Auditing and Taxation, 22(1), 39-56.

Haverty, J. L. (2006). Are IFRS and U.S. GAAP converging? Some evidence from People´s Republic of China companies listed on the New York Stock Exchange. Journal of International Accounting, Auditing and Taxation. 15(1), 48-71.

Iudícibus, S. de. (2012). Normativismo e Positivismo: Two uncongenial twins? In: LOPES, A. B. (Org.). Contabilidade e finanças no Brasil: estudos em homenagem ao professor Eliseu Martins. São Paulo: Atlas.

Jaafar, A., & McLeay, S. (2007). Country Effects and Sector Effects on the Harmonization of Accounting Policy Choice. ABACUS, 43(2), 156-189.

Joshi, P. L., Bremser, W. G., & Al-Ajmi, J. (2008). Perceptions of accounting professionals in the adoption and implementation of a single set of global accounting Standards: Evidence from Bahrain. Advances in Accounting, incorporating Advances in International accounting, 24(1), 41-48.

Kim, S., Kraft, P., & Ryan, S. G. (2013). Financial statement comparability and credit risk. Review of Accounting Studies, 1(18), 783-823.

Martins, E., Gelbcke, E.R., Santos, A. dos., & Iudícibus, S.de. (2013). Manual de Contabilidade Societária: aplicável a todas as sociedades de acordo com as normas internacionais e do CPC (2nd ed.). São Paulo: Atlas.

Muller, K.A., Riedl, E.J., & Sellhorn, T. (2008). Causes and Consequences of Choosing Historical Cost versus Fair Value. Recuperado em 26 dezembro, 2013, de http://nd.edu/~carecob/May2008Conference/Papers/RiedlMRS03062008.pdf

Nobes, C., & Parker, R. (2008). Comparative International Accounting. (10th ed.). Prentice Hall: Financial Times, Inglaterra.

Pereira, A. F. (2013). Determinantes na escolha do valor justo para Propriedades para Investimentos no Brasil. Dissertação de Mestrado não-publicada, Faculdade de Economia, Administração e Contabilidade, Universidade de São Paulo, São Paulo, SP, Brasil.

Reina, D. R. M., Reina, D., & Silva, S. F. (2014, mai.-ago.). Comparabilidade da informação contábil em empresas brasileiras após a adoção das normas internacionais de contabilidade. Revista Contemporânea de Contabilidade, UFSC, Florianópolis, 11(23), 77-94.

Souza, F.E.A., Botinha, R.A., Silva, P.R., & Lemes, S. (2015, mai.-ago.). A comparabilidade das escolhas contábeis na avaliação posterior de propriedades para investimento: uma análise das companhias abertas brasileiras e portuguesas. Revista de Contabilidade & Finanças da USP, São Paulo, 26(68), 154-166.

Souza, F. E. A., Botinha, R. A., & Silva, P. R. (2014). A comparabilidade das escolhas contábeis na avaliação posterior de propriedades para investimento: uma análise das companhias abertas brasileiras e portuguesas. In: Congresso ANPCONT, 8, 17 a 20 de Agosto de 2014. Rio de Janeiro/Rj. Anais...Rio de Janeiro: ANPCONT.

Souza, F. E. A., Silva, M. H., & Costa, P. S. (2013). A comparabilidade das escolhas contábeis na avaliação de ativos intangíveis de companhias abertas brasileiras. In: Seminários em Administração, SEMEAD, 16, 2013, São Paulo. Anais... São Paulo, FEA/USP.

Taplin, R. H. (2004). A unified approach to the measurement of international accounting harmony. Accounting and Business Research, 34(1), 57-73.

Taplin, R. H. (2006). A practical guide to constructing specialised indices of international accounting harmony using the harmoniser software. Financial Reporting, Regulation and Governance, 5(1).

Taplin, R. H. (2014). A unified approach to the measurement of international accounting harmony. Accounting and Business Research, 34(1), 57-73.

Taplin, R. H. (2010). Statistical inference using the T index to quantify the level of comparability between accounts. Accounting and Business Research, 40(1), 75-103.

Taplin, R. H. (2011). The Measurement of Comparability in Accounting Research. Abacus, 47(3).

Taplin, R., Yuan, W., & Brown, A. (2014). The use of fair value and historical cost accounting for investment properties in china. Australasian Accounting, Business and Finance Journal, 8(1), 101-113.

Taylor, D. W. (2009). Costs-benefits of adoption of IFRSs in countries with different harmonization histories. Asian Review of Accounting, 17(1), 40-58.

Thorell, P., & Whittington, G. (1994). The harmonization of accounting within the EU: problems, perspectives and strategies. The European Accounting Review, 3(2), 215-239.

Tudor, A. T., & Dragu, I.M. (2010). Impact of International Financial Reporting Standards on Accounting Practices Harmonization within European Union – Particular Case of Intangible Assets. Annales Universitatis Apulensis Series Oeconomica, 12(1), 191-206.

Van Der Tas, L. G. (1988). Measuring harmonization of financial reporting practice. Accounting and Business Research, 18(1), 157-169.

Watts, R. L. (1992). Accounting choice theory and market-based research in accounting. British Accounting Review, 24(1), 235-267.

World Federation of Exchanges. (2013). WFE Market Highlights. Recuperado em 25 maio, 2014, de http://www.world-exchanges.org/files/2013_WFE_Market_Highlights.pdf

Yip, R. W. Y., & Young, D. (2012). Does Mandatory IFRS Adoption Improve Information Comparability? Ed. Janeiro. Recuperado em 12 fevereiro, 2014, de http://ssrn.com/abstract=2044295.