IAS 16

Abstract: The European Commission set 2005 as the date for the move to IFRS for all companies listed on European stock exchanges. The paper studies the first adoption of IFRS within the perspective of the accounting options concerning the fair value method. The optional standards included in the study are: fair value exemption of IFRS 1, IAS 16, 38 and 40. The sample is composed of the firms of the SBF 120 index. The paper pursues two main objectives. Firstly, from an explanatory point of view, French fair value choices during the first adoption of the IFRS are presented. The second goal of the article is to reveal the determining factors behind those choices. The Positive Accounting Theory (PAT), of which one of the main objectives is to explain firms' accounting choices, is used as an explanatory background. IFRS choices are linked to the characteristics of the firm such as: size, leverage, CEO's compensation, ownership structure, cross-listing and financial sector. The statistical analysis uses a logistic regression method to attempt to identify systematic differences between firms adopting fair value and others. This study considers the choice of conservatism as an identified criterion for explaining fair value choices. The research query can be summed up thus: How the PAT can explain fair value accounting options made by French companies during the transition to IFRS standards? The paper is organized as follows: an overview of IFRS, the literature review, presentation of the sample, the hypothesis, the statistical method, the results and the discussion

Abstract: IAS 16 Property, Plant and Equipment regelt die Methoden zur Bilanzierung von Sachanlagen. Das Sachanlagevermogen wird den materiellen Vermogenswerten zugeordnet. Des Weiteren gibt es neben den materiellen Vermogenswerten immaterielle Vermogenswerte. Diese umfassen Entwicklungskosten, verschiedene geistige Eigentumswerte sowie den Geschafts- und Firmenwert.

Abstract: Measurement as value determination is very important in the field of property and financial sources reporting. The choice of measurement base influences all accounting information necessary for making decisions by investors, creditors, suppliers, employees and other subjects in order to realize their plans. The paper aims, firstly, to characterize the processes of evaluation of biological assets and agricultural produce in accordance with International Accounting Standard (IAS) 41 in its current wording; secondly, to present the results of research conducted within the project SGS 2013-040 titled “A paradigm of development in the 21st century and its influence on the behaviour of economic agents”, and, finally, to compare the findings with the solutions contained in Exposure Draft ED/2013/8 Agriculture: Bearer Plants (Proposed Amendments to IAS 16 and IAS 41), which was published by the International Accounting Standards Board (IASB) for comments to be received by 28th October 2013. In the paper the results of the research, conducted through a questionnaire survey on a sample of 104 agricultural enterprises, will be compared with the IASB's proposed solutions. The purpose of this paper is to verify the hypothesis that can be formulated as follows: The opinions of most respondents, participating in the questionnaire survey are rather restrained as for the use of value measurement of biological assets and agricultural produce and therefore are not inconsistent with a solution adopted in the aforementioned Exposure Draft.