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ID:9045938
大小:521.76 KB
页数:13页
时间:2018-04-15
《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
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