This paper reports on the choice made by listed Italian companies in their 2009 financial statements with respect to the option in International Accounting Standards (IAS) 1.81 concerning presentation of the statement of comprehensive income. It is reported that most companies have chosen to use the two-statement option, and that there is some evidence that this choice is related to the size and sign of total Other Comprehensive Income (OCI). On this latter point, the paper emphatically aims to contribute to the literature on accounting policy choice with respect to a similar option in Statement of Financial Accounting Standards [SFAS] 130. In addition, pro forma calculations on Return on Equity (ROE) and Earnings per Share (EPS) are presented that illustrate the variation across companies in size and sign of OCI.
L'articolo illustra le principali scelte valutative in merito all'adozione dello IAs 1 revised 2007 con particolare riferimento alle modalità di reporting del Comprehensive Income. inoltre, indaga sugli effetti prodotto dall'introduzione degli Other Comprehensive income sui principali indicatori di performance aziendale.
Comprehensive Income in Italy: Reporting Preferences and Its Effects on Performance Indicators
FERRARO, Olga
2011-01-01
Abstract
This paper reports on the choice made by listed Italian companies in their 2009 financial statements with respect to the option in International Accounting Standards (IAS) 1.81 concerning presentation of the statement of comprehensive income. It is reported that most companies have chosen to use the two-statement option, and that there is some evidence that this choice is related to the size and sign of total Other Comprehensive Income (OCI). On this latter point, the paper emphatically aims to contribute to the literature on accounting policy choice with respect to a similar option in Statement of Financial Accounting Standards [SFAS] 130. In addition, pro forma calculations on Return on Equity (ROE) and Earnings per Share (EPS) are presented that illustrate the variation across companies in size and sign of OCI.I documenti in IRIS sono protetti da copyright e tutti i diritti sono riservati, salvo diversa indicazione.
