What are the theories that say that the disclosures in the annexes of the report and accounts are less relevant than the figures in the financial statements, is there anything?
I've been looking for papers on the subject but I can't find them.
In my specific case, I will look at two models.
1º The disclosures expected by entities in view of the implementation of IFRS 9 (disclosed in annex) for 2017
2. Effective disclosures of the standard on changes in equity for 2018.
For a first analysis the relevance of the two is different.
Value relevance, informative information, Financial statements, IFRS 9
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Re: Value relevance, informative information, Financial statements, IFRS 9
What do you mean when you say annex? Outside of financial statements?
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Re: Value relevance, informative information, Financial statements, IFRS 9
Thanks for replying! Notes of the financial statements in opposition to change in equity.
Re: Value relevance, informative information, Financial statements, IFRS 9
When in comes to theory, disclosures in the notes are as relevant as figures in primary financial statements
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Re: Value relevance, informative information, Financial statements, IFRS 9
Thank you! And do you have or recommend any scientific article that says that?
Re: Value relevance, informative information, Financial statements, IFRS 9
I haven't read a 'scientific' article on accounting since I graduated from university
Re: Value relevance, informative information, Financial statements, IFRS 9
I haven't read anything about that. What I know is that disclosures are for the information that has a huge inpact on your overall financial reports. You should disclose these information regardless of their classification.