投资性房地产公允价值计量毕业论文外文文献及翻译

《投资性房地产公允价值计量毕业论文外文文献及翻译》由会员上传分享，免费在线阅读，更多相关内容在学术论文-天天文库。

1、投资性房地产公允价值计量毕业论文外文文献及翻译原文THEVALUERELEVANCEOFINVESTMENTPROPERTYFAIRVALUESelasDNGDCABSTRACTThispaperexaminesiftheuseofthefairvaluemodelisvaluerelevantincompanieswheretheinvestmentpropertiesarenottheircorebusiness.Ananalysisisalsomadeintowhetherthedisclosedfairvalueofi

2、nvestmentpropertyisperceivedbyinvestors.ThesampleincludesPortugueselistedcompaniessubjecttothemandatoryadoptionofIAS/IFRSsince2005.Theresultsachievedindicatethatinvestorspricesharesdifferentlywhencompanieschooseeitherthecostmodelorthefairvaluemodel.However,resultsdo

3、notshowevidencethatinvestorssignificantlyvaluatedifferencesbetweenthehistoricalcostanddisclosedfairvalueinthenotesforcompaniesadoptingthecostmodel.Keywords:Fairvalue,investmentproperty,valuerelevance,IAS401.INTRODUCTIONOn1stJanuary2005,InternationalAccountingStandar

4、ds(IAS)/InternationalFinancialReportingStandards(IFRS)issuedbyInternationalAccountingStandardsBoard(IASB)wasadoptedinPortugal,asintheEuropeanUnion(EU),topromotehigherqualityfinancialreportinginformationandaconsequentreductionofinformationasymmetryandtoimprovecompara

5、bilityandtransparency.Afterinitialrecognitionthereisstillnoconsensusinhowtomeasureinvestmentproperty.InternationalAccountingStandard(IAS)40–InvestmentPropertyallowscompaniestochoosebetweenthecostmodelandfairvaluemodel.Accordingtothestandard,thecostmodelrequirestoane

6、ntitytodisclosethefairvalueofitsinvestmentpropertyinthenotes.Underthefairvaluemodel,anyinvestmentpropertyshouldbemeasuredatfairvalue,withchangesbeingrecognisedasprofitsorlosses.Thesignificantquestionbehindthisissueiswhetherfairvalueprovidesmorerelevantinformationwit

7、houtlosingreliability.Infact,thechoicebetweenfairvalueandhistoricalcostisakeyissueinthecurrentdebateonaccounting.ThisstudyinvestigatesthevaluerelevanceofapplyingthefairvaluemodelinPortuguesecompanieswhereinvestmentpropertiesdonotrepresenttheircorebusiness.Hence,thre

8、emainissuesshouldbeanalysed:ifinvestorsvaluatethehistoricalcostandtherecognisedfairvaluedifferentlywhenpricingshares;whethertheyconsiderdi