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Book-tax difference and value relevance of taxable income after the adoption of financial reporting standards (FRSS) / Rashinah Binti Hossen and Rohaya Md Noor

Malaysia started to adopt FRSs in the year 2006 to replace the Generally Accepted Accounting Principles (GAAP) and International Accounting Standards (IASs). The Financial Reporting Standards claimed to be better than GAAP and IASs because it could improve the quality of financial reporting, more co...

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Main Authors: Hossen,, Rashinah, Md Noor, Prof. Dr. Rohaya
Format: Conference or Workshop Item
Language:English
Published: 2012
Subjects:
Balance sheets. Financial statements. Including corporation reports. Financial reporting. Financial disclosure
Revenue. Taxation. Internal revenue
Online Access:http://ir.uitm.edu.my/id/eprint/39070/1/39070.pdf
http://ir.uitm.edu.my/id/eprint/39070/
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spelling my.uitm.ir.390702021-03-02T13:16:40Z http://ir.uitm.edu.my/id/eprint/39070/ Book-tax difference and value relevance of taxable income after the adoption of financial reporting standards (FRSS) / Rashinah Binti Hossen and Rohaya Md Noor Hossen,, Rashinah Md Noor, Prof. Dr. Rohaya Balance sheets. Financial statements. Including corporation reports. Financial reporting. Financial disclosure Revenue. Taxation. Internal revenue Malaysia started to adopt FRSs in the year 2006 to replace the Generally Accepted Accounting Principles (GAAP) and International Accounting Standards (IASs). The Financial Reporting Standards claimed to be better than GAAP and IASs because it could improve the quality of financial reporting, more comprehensive, effective and transparent. Rohaya, Nor’azam and Barjoyai (2009) conducted this study before the adoption of Financial Reporting Standards, therefore this paper attempts to extent the study by examining the impact of Book-Tax Difference and whether the taxable income can be used as another alternative to measure the earnings quality after the adoption of Financial Reporting Standards. The result finds the gap between the reported earnings and taxable income is getting smaller after the adoption of Financial Reporting Standards (FRSs). The result also discovers that after-tax taxable income is significant and positively related to market value of common equity. Thus, this paper provides the evidence that the taxable income can be used as another measurement to indicate the earnings quality and firm’s performance after the adoption of FRSs. Keywords: Book-tax difference, value relevance, taxable income, financial reporting standards (FRSs) 2012 Conference or Workshop Item PeerReviewed text en http://ir.uitm.edu.my/id/eprint/39070/1/39070.pdf Hossen,, Rashinah and Md Noor, Prof. Dr. Rohaya (2012) Book-tax difference and value relevance of taxable income after the adoption of financial reporting standards (FRSS) / Rashinah Binti Hossen and Rohaya Md Noor. In: International Conference on Islamic Economy and Business, 29 June – 1 July 2012, A’famosa Resort Hotel, Melaka.
institution Universiti Teknologi Mara
building Tun Abdul Razak Library
collection Institutional Repository
continent Asia
country Malaysia
content_provider Universiti Teknologi Mara
content_source UiTM Institutional Repository
url_provider http://ir.uitm.edu.my/
language English
topic Balance sheets. Financial statements. Including corporation reports. Financial reporting. Financial disclosure
Revenue. Taxation. Internal revenue
spellingShingle Balance sheets. Financial statements. Including corporation reports. Financial reporting. Financial disclosure
Revenue. Taxation. Internal revenue
Hossen,, Rashinah
Md Noor, Prof. Dr. Rohaya
Book-tax difference and value relevance of taxable income after the adoption of financial reporting standards (FRSS) / Rashinah Binti Hossen and Rohaya Md Noor
description Malaysia started to adopt FRSs in the year 2006 to replace the Generally Accepted Accounting Principles (GAAP) and International Accounting Standards (IASs). The Financial Reporting Standards claimed to be better than GAAP and IASs because it could improve the quality of financial reporting, more comprehensive, effective and transparent. Rohaya, Nor’azam and Barjoyai (2009) conducted this study before the adoption of Financial Reporting Standards, therefore this paper attempts to extent the study by examining the impact of Book-Tax Difference and whether the taxable income can be used as another alternative to measure the earnings quality after the adoption of Financial Reporting Standards. The result finds the gap between the reported earnings and taxable income is getting smaller after the adoption of Financial Reporting Standards (FRSs). The result also discovers that after-tax taxable income is significant and positively related to market value of common equity. Thus, this paper provides the evidence that the taxable income can be used as another measurement to indicate the earnings quality and firm’s performance after the adoption of FRSs. Keywords: Book-tax difference, value relevance, taxable income, financial reporting standards (FRSs)
format Conference or Workshop Item
author Hossen,, Rashinah
Md Noor, Prof. Dr. Rohaya
author_facet Hossen,, Rashinah
Md Noor, Prof. Dr. Rohaya
author_sort Hossen,, Rashinah
title Book-tax difference and value relevance of taxable income after the adoption of financial reporting standards (FRSS) / Rashinah Binti Hossen and Rohaya Md Noor
title_short Book-tax difference and value relevance of taxable income after the adoption of financial reporting standards (FRSS) / Rashinah Binti Hossen and Rohaya Md Noor
title_full Book-tax difference and value relevance of taxable income after the adoption of financial reporting standards (FRSS) / Rashinah Binti Hossen and Rohaya Md Noor
title_fullStr Book-tax difference and value relevance of taxable income after the adoption of financial reporting standards (FRSS) / Rashinah Binti Hossen and Rohaya Md Noor
title_full_unstemmed Book-tax difference and value relevance of taxable income after the adoption of financial reporting standards (FRSS) / Rashinah Binti Hossen and Rohaya Md Noor
title_sort book-tax difference and value relevance of taxable income after the adoption of financial reporting standards (frss) / rashinah binti hossen and rohaya md noor
publishDate 2012
url http://ir.uitm.edu.my/id/eprint/39070/1/39070.pdf
http://ir.uitm.edu.my/id/eprint/39070/
_version_ 1693728878411907072
score 13.211869

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