International Journal of Accounting and Economics Studies 

About: International Journal of Accounting and Economics Studies is an academic journal published by Science Publishing Corporation. The journal publishes majorly in the area(s): Stock exchange & Earnings management. It has an ISSN identifier of 2309-4508. Over the lifetime, 120 publications have been published receiving 470 citations. The journal is also known as: IJAES.

Effect of the Mandatory Adoption of IFRS on Real and Accruals-based Earnings Management: Empirical Evidence From France

Abstract: The main purpose of this study is to examine whether the mandatory IFRS adoption within French listed companies provides higher earnings quality. More precisely, we study the impact of mandatory IFRS adoption on two approaches of earnings management: real and accruals-based earnings management. This study focuses on a sample of 1488 firm-year observations, 124 firms drawn from the 250 French-listed companies during the period from 1999 to 2011. We use the panel data for our analysis. Specifically, the FGLS estimator method is conducted in our regression models. Our results indicate that the absolute value of discretionary accruals is significantly reduced six years after the mandatory adoption of IFRS. We also find a negative association between the real earnings management and the mandatory adoption of IFRS. Overall, we can deduce that earnings quality is improved in the post-IFRS period in the French context.

Scientific provenance of accounting

Abstract: The commencement of accounting is dated at the outset of civilizations. Instead, the science age began less than five centuries ago. Numerous discussions concerning the recognition of accounting as one of the academic disciplines emerged in the American literature recently. Therefore, the question whether accounting truly belongs to academic disciplines or not is the current issue. However, the former consideration should be formulated differently, since that matter is much deeper than the original problem. Therefore we state the following question: “Is accounting a sort of science or not?”. The study presented in this paper demonstrates that accounting fulfills most of conditions that are essential to consider its scientific provenance. Theory of capital, which is briefly discussed in the article, is a significant part of accounting, which proves that our discipline is the real science. Accepting the statement that the measurement process requires the recognition of what is measured in the first place, it is clear that the recognition of capital belongs to accounting as well. All these deliberations lead to the conclusion that scientific fundamentals of accounting theory enable accounting systems to provide good services for the entire economy.

Quality of financial reporting: approaches to measuring

Abstract: Financial reporting must meet many criteria to be considered high quality because it is the quality of information that determines the viability of future strategic decisions. The article investigates the essence of the concept of "quality" and "quality of financial infor-mation", and defines indicators and criteria of the financial reporting quality. As for the quality of the financial reporting, it is found that the latter is a structured reflection of financial condition and financial results of the entity, therefore, can be regarded as a set of components: quality of the financial information; quality of presentation of the financial information. It was found that the quality of the reporting of financial information is evaluated using a system of indicators that are qualified by the Financial reporting framework as the qualitative characteristics of useful financial information and National Accounting Statement (standard) 1 as the qualitative characteristics of financial reporting. In terms of formalization (presentation within the legislation forms) of the financial information presentation in Ukraine, we can speak of quality only in respect of the notes to the financial statements. It has been established that quality assessment indicators of presenting the financial information in the notes may be: readability of the information, visualization of the representation. Research of the quality requirements for the financial statements (information) of the participating countries of the former Soviet Union has identified many variations, but the most commonly used features are relevance, reliability, comparability and understandability. It is indicated that most post-Soviet countries, including Ukraine, gradually bring its legislation on the regulation of financial statements in conformity with IFRS. But there are still many unresolved differences, chief among which are the qualitative characteristics of the financial statements that should provide the information needs of different user groups.

Time-series cross-sectional environmental performance and disclosure relationship: specific evidence from a less-developed country

Abstract: This paper relies on ‘vulnerability and exploitability’ framework to submit new insights into legitimacy theory and voluntary disclosure theory using specific empirical evidence from the Nigerian oil and gas industry. The study connects the voluntary and legitimizing disclosure behaviors, regarding carbon emission due to gas flaring, of dominant companies in the Nigerian upstream petroleum sector to the vulnerability and exploitability of Nigeria as a less developed country. The hypothesized relations between gas flaring-related environmental performance and two forms of its disclosure (volume and substance) are estimated and tested using Prais-Winsten regression with Panel Corrected Standard Errors (PCSE). While the paper uses Data Envelopment Analysis (DEA) to measure gas flaring-related carbon performance, the two forms of gas flaring-related disclosures are measured using content analysis. We document significant positive and negative association between gas flaring-related carbon emission performance, on one hand, and the volumetric disclosure and disclosure substance on the other hand. These results imply that while the positive relation confirms the vulnerable nature of Nigeria as a less developed country, the negative relation is linked to the country’s exploitability. It is also empirically established that environmental performance is one of the key factors responsible for the undulating trend in the volume of environmental disclosures by large corporations operating in less-developed countries

Book-tax differences: relevant explanatory factors

Abstract: This research is designed to investigate factors affecting the book-tax gap in the Tunisian context. Despite the close link between financial and tax accounting in Tunisia, it has been discovered that accounting, and taxation appear to diverge considerably. Regression analysis results highlight that this reporting gap is largely attributable to legal differences between financial and tax accounting as well as to discretionary earning management practices. Noteworthy, the study under takes to examine several factors that constitute the basis on which previously elaborated researches to have been based, and, which appear to be consistent with the present work particular context. Relying on an eight-year database, relevant to the period 2005-2012, the major factors affecting the book tax gap in Tunisia turn out to be profitability, sales growth, discretionary accruals, price to earnings ratio and debt.