2,730 research outputs found
Impairment test in the football team financial reports
No full textAbstractThe aim of the paper is to analyze the valuation and the application of the impairment test of intangible assets of Italian football teams.The purpose is to understand how and what kind of information each club discloses on their financial reports the values of player registrations. The study considers the evolution of the reports from the ruling of UEFA Financial Fair Play Regulations (UEFA, 2009) in the years 2010–2015.The study demonstrates that only some clubs have reached the beak-even goal and that only some teams give impairment test information in the statement and in the attached notes
Le influenze del fascismo sull’economia aziendale e sulla regolamentazione contabile
No full text“Economia aziendale” and the consequent debate developed in an Italian political environment continuously characterized by Fascism from 1922 until World War II.
Also the legal rules governing financial statement has been prepared (or revised) during the Fascist period.
On this basis, the objective of the study is to investigate the role of Fascism and of corporative doctrine in the drafting of “economia aziendale”, discipline that hardly lends itself to be translated.
Simultaneously, accounting regulation could have suffered Fascist-corporative injections worthy of attention.
More precisely, the research questions are two: (1) what are the influences of the Fascist regime and of the corporative doctrine on economia aziendale? (2) what are the influences of the fascist regime and of the corporative doctrine on accounting regulation, and in particular, on the Civil Code rules that govern the drafting of financial statement?
In the research only qualitative research methodologies have been used: literature-based analysis and critique methods and archival/historical studies methods.
The philosophical framework that best explain the answers to the research questions is the Actualism of Giovanni Gentile who presented the concept of business ethics and collective/individual interest, adopted by business administration doctrines and legal doctrines in the development of corporative “economia aziendale” and Civil law.
The analysis conducted shows that Fascism and corporative doctrine have influenced “economia aziendale” studies in the years considered in two aspects: (1) the theoretical identification of the company objectives; (2) new business economics areas of research. Various aspects of “economia aziendale” were therefore influenced in actualistic optical.
In relation to the second research question, the Civil Code of 1942 does not seem to show the marks of the Fascist regime, except for some referrals to special rules in the art. 2424, 2426 and 2428 cc
Is total comprehensive income or net income better for the evaluation of companies' financial performance?
No full textThe aim of the paper is to compare the utility of the net income and the total comprehensive income for the evaluation of goodness in connection with companies’ investments. For the research, we use the data of the consolidated financial statements for 2010, 2011 and 2012 published online by companies listed on the Prime Market of the Czech Republic Stock Exchange. In the last part of the work, we show the results of empirical research on the income statement of the Czech companies, which have adopted IAS/IFRS principles. The results show that the Czech companies’ financial statements have no propensity to separate the income statement section into two statements rather than integrating it into a single one, while the reclassification of the income statements privileges the reclassification by nature. The results show that the total comprehensive income possesses informa- tive content and gives further information for the evaluation of financial performance
One or two statement approach for the Income Statement of Czech companies?
No full textAbstract:
Purpose of the article: The article examines the IAS 1 revised that allows the company to choose between a
reclassification of items by nature or by function (destination), it also provides two alternative presentations
of the income statement: a single statement of comprehensive income or two statements, the first containing
the components of net income, and the second that, starting from net income, shows the other components of
expanded income.
Methodology/methods: First we outline the principal theories of the statement of comprehensive income,
secondly we concentrate the research to obtain the empirical data. The research is developed in the following
steps: selection of the companies surveyed; selection of the documents to be analysed; election of the empirical
aspects to be studied.
Scientific aim: The aim of the research is to define which format has been adopted by companies listed on the
Czech Republic Stock Exchange for the new Income Statement to be prepared according to the International
Accounting Standards – IAS 1 revised in 2007. In particular, we examine the Consolidated Financial Statements
2010 published online.
Findings: This article illustrates the two choices that have the companies to present items of net income, items
of other comprehensive income and total comprehensive income: they can create one continuous statement of
comprehensive income or two separate consecutive statements.
Conclusions: The results show that the Czech financial statements have not a firms’ propensity to separate
the section of the income statement in two statements rather than to integrate it into a single one, while the
reclassification of the income statements privileges the reclassification by nature
THE OTHER COMPREHENSIVE INCOME IN TURBULENT TIME
No full textThe aim of the research is to analyze the income statement adopted by Czech companies listed in the prime (main) market of the Czech Republic Stock Exchange, in the standard (free) market and in the start market, when they adopted IAS/IFRS principles. A company's income statement reflects a company's past profitability, and earnings growth is one of the primary determinants of a firm's share price performance. The Financial Accounting Standards Board (FASB) has continued to emphasize a financial measure called other comprehensive income (OCI) as a valuable financial analysis tool. The FASB's goal is to issue guidance to improve the comparability, the consistency and the transparency of financial reporting. Especially in the period of financial crises, OCI measure is also quite helpful to understand the company’s situation.
On 1 January 2011 in the Czech Republic takes effect the amended Accounting Act that brings a significant change in the use of International Financial Reporting Standards as adopted by the EU for unlisted entities operating in the Czech Republic in terms of separate financial statements.
The methodology in the elaboration of this article comes from the author’s previous research, which formed the main part of the overall research. The new research was based on the previous one but we have increased the number of financial statements analyzed by including companies of the free market for the year 2011.
The attention was focused on the election between one of the two formats of income statement, a theme that creates debates since a long time. Then, we propose some reading hypothesis for any of the findings obtained. In the last part we show the results of empirical research on the income statement of the Czech companies, which adopted IAS/IFRS principles
Valutazione della performance finanziaria delle imprese. Reddito allargato o reddito netto?
No full textLo scopo del paper è di comparare l’utilità del reddito netto e del total comprehensive income (TCI) per la valutazione della bontà dell’investimento. Per la ricerca, utilizziamo i dati dei bilanci consolidati relativi agli anni 2010, 2011 e 2012 pubblicati online dalle società quotate nel mercato borsistico Ceca (Czech Republic Stock Exchange). Nell’ultima parte del lavoro, mettiamo in evidenza i risultati di una ricerca empirica sul conto economico delle società Ceche, che hanno adottato i principi contabili internazionali IAS/IFRS. I risultati dimostrano che i bilanci delle società Ceche non hanno una propensità a separare il conto economico complessivo in due prospetti piuttosto che integrare il tutto in un unico documento, mentre in merito alla riclassificazione, le stesse società prediligono il criterio per natura. I risultati mostrano che il TCI possiede un contenuto informativo e fornisce ulteriori informazioni per la valutazione della performance finanziaria.The aim of the paper is to compare the utility of net income with that of total comprehensive income (TCI) for purposes of evaluating the soundness of investments. The study will be based on consolidated financial statement data for 2010, 2011 and 2012, published online by listed companies on the Czech Republic Stock Exchange. The last part of the study will provide the results of empirical research on the income statements of Czech companies that have adopted the IAS/IFRS international accounting principles. The results show that the financial statements of Czech companies do not have a propensity for separating the overall economic account into two statements but rather of integrating everything into a single document. In terms of reclassification, these same companies prefer the by nature criterion. The results also reveal that TCI contains informational content and provides further information on the evaluation of financial performance
The impact of comprehensive income on the financial ratios in a period of crises
No full textThe aim of the paper is to evaluate the differences on the reporting performance choices between the comprehensive income and the net profit in period of financial crises. In the first part this paper reports on the choice made by companies in their statement of comprehensive income with respect to the IAS/IFRS options. In the second part the calculations of Return on Equity (ROE), ROE Comprehensive Income (ROE CI) and Earnings per Share (EPS) are presented. Some of the data are compared with the Italian data. Statistical method is applied for the purpose of this research
Roe in turbulent time
No full textThe aim of the paper is to compare the utility of the net income (NI) and of the comprehensive income for the evaluation of financial performance of the company and to verify whether the total comprehensive income (TCI) is more value relevant than the net income especially in times of crisis (IAS 1, par. 5).
The Financial Accounting Standards Board (FASB) has continued to emphasize a financial measure called other comprehensive income (OCI) as a valuable financial analysis tool. The FASB’s goal is to issue guidance to improve the comparability, the consistency and the transparency of financial reporting. Especially in the period of financial crises, OCI measure is also quite helpful to understand the company’s situation.
The methodology in the elaboration of this article comes from the author’s previous research, which formed the main part of the overall research. The new research was based on the previous one but we have increased the number of financial statements analyzed by including companies of the free market for the year 2011.
In the last part of the paper we show the results of empirical research on the income statement of the Czech companies, which adopted IAS/IFRS principles
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