IFRS adoption and its effects on accounting numbers: some considerations about the IASB's Framework

摘要

It is well known that the evolution and development of accounting has followed the road from practice to theory. The practical experience was one that shaped accounting theory and methods. In the context of financialisation and economic globalization, entities faced the necessity to present financial statements in a language that could be understood by cross-border stakeholders. The international financial reporting standards (IFRS) were issued to meet these demands and they are being used worldwide. Great number of empirical research has highlighted the impact of the adoption of IFRS on accounting numbers in different national jurisdictions. IASB's Conceptual Framework for Financial Reporting, the theoretical foundation of IFRS, must be followed by all countries and by all entities that have adopted the IFRSs. Under these conditions, our objective is to offer insights into the effects that IASB's Framework has on accounting numbers. Our paper is focused mainly on fair value measurement and on the changes in IASB's Framework published in September 2010.