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Value relevance of available-for-sale financial instruments (AFS) and revaluation surplus of PPE (REV) components of other comprehensive income

Value relevance studies have thus far provided mixed evidence.Studies also found that fair value reporting has a significant impact on the value relevance of other comprehensive income. Additionally, most studies on value relevance of other comprehensive income focused on developed countries where t...

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Main Authors: Yousefi Nejad, Maryam, Ahmad, Azlina
Format: Conference or Workshop Item
Language:English
Published: 2017
Subjects:
HF5601 Accounting
Online Access:http://repo.uum.edu.my/21002/1/shsconf_four2017%201%206%20vv.pdf
http://repo.uum.edu.my/21002/
http://doi.org/10.1051/shsconf/20173403004
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spelling my.uum.repo.210022017-02-22T08:56:53Z http://repo.uum.edu.my/21002/ Value relevance of available-for-sale financial instruments (AFS) and revaluation surplus of PPE (REV) components of other comprehensive income Yousefi Nejad, Maryam Ahmad, Azlina HF5601 Accounting Value relevance studies have thus far provided mixed evidence.Studies also found that fair value reporting has a significant impact on the value relevance of other comprehensive income. Additionally, most studies on value relevance of other comprehensive income focused on developed countries where the capital market is more efficient.In these settings due to the existence of active market, fair valuation of assets may not pose a major problem.In Malaysia the mandatory reporting of comprehensive income by all listed firms based on the requirement of FRS101, coincides with the adoption of FRS139 the standard for financial instrument and could be an interesting setting to investigate.This study hypothesized that other comprehensive income and its components are associated with share price.The results indicate that other comprehensive income and its components are value relevant.The results indicate that the move towards a more comprehensive income reporting through the preparation of the Statement of Comprehensive Income results in more informative financial reporting. 2017 Conference or Workshop Item PeerReviewed application/pdf en cc4_by http://repo.uum.edu.my/21002/1/shsconf_four2017%201%206%20vv.pdf Yousefi Nejad, Maryam and Ahmad, Azlina (2017) Value relevance of available-for-sale financial instruments (AFS) and revaluation surplus of PPE (REV) components of other comprehensive income. In: 17th Annual Conference of the Asian Academic Accounting Association (2016 FourA Conference), 20-22 November 2016, Kuching, Sarawak. http://doi.org/10.1051/shsconf/20173403004 doi:10.1051/shsconf/20173403004
institution Universiti Utara Malaysia
building UUM Library
collection Institutional Repository
continent Asia
country Malaysia
content_provider Universiti Utara Malaysia
content_source UUM Institutionali Repository
url_provider http://repo.uum.edu.my/
language English
topic HF5601 Accounting
spellingShingle HF5601 Accounting
Yousefi Nejad, Maryam
Ahmad, Azlina
Value relevance of available-for-sale financial instruments (AFS) and revaluation surplus of PPE (REV) components of other comprehensive income
description Value relevance studies have thus far provided mixed evidence.Studies also found that fair value reporting has a significant impact on the value relevance of other comprehensive income. Additionally, most studies on value relevance of other comprehensive income focused on developed countries where the capital market is more efficient.In these settings due to the existence of active market, fair valuation of assets may not pose a major problem.In Malaysia the mandatory reporting of comprehensive income by all listed firms based on the requirement of FRS101, coincides with the adoption of FRS139 the standard for financial instrument and could be an interesting setting to investigate.This study hypothesized that other comprehensive income and its components are associated with share price.The results indicate that other comprehensive income and its components are value relevant.The results indicate that the move towards a more comprehensive income reporting through the preparation of the Statement of Comprehensive Income results in more informative financial reporting.
format Conference or Workshop Item
author Yousefi Nejad, Maryam
Ahmad, Azlina
author_facet Yousefi Nejad, Maryam
Ahmad, Azlina
author_sort Yousefi Nejad, Maryam
title Value relevance of available-for-sale financial instruments (AFS) and revaluation surplus of PPE (REV) components of other comprehensive income
title_short Value relevance of available-for-sale financial instruments (AFS) and revaluation surplus of PPE (REV) components of other comprehensive income
title_full Value relevance of available-for-sale financial instruments (AFS) and revaluation surplus of PPE (REV) components of other comprehensive income
title_fullStr Value relevance of available-for-sale financial instruments (AFS) and revaluation surplus of PPE (REV) components of other comprehensive income
title_full_unstemmed Value relevance of available-for-sale financial instruments (AFS) and revaluation surplus of PPE (REV) components of other comprehensive income
title_sort value relevance of available-for-sale financial instruments (afs) and revaluation surplus of ppe (rev) components of other comprehensive income
publishDate 2017
url http://repo.uum.edu.my/21002/1/shsconf_four2017%201%206%20vv.pdf
http://repo.uum.edu.my/21002/
http://doi.org/10.1051/shsconf/20173403004
_version_ 1644283117965410304
score 13.211869

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