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dc.contributor.authorStent, Wen_US
dc.contributor.authorBradbury, Men_US
dc.contributor.authorHooks, Jen_US
dc.date.available2010en_US
dc.date.issued2010en_US
dc.identifier.citationPacific Accounting Review, 2010, 22 (2), pp. 92 - 107en_US
dc.identifier.issn0114-0582en_US
dc.description.abstractPurpose - The purpose of this paper is to examine the financial statement impacts of adopting NZ IFRS during 2005 through 2008. Design/methodology/approach - The effects of NZ IFRS on the financial statements and ratios of first-time adopters of NZ IFRS for a stratified random sample of 56 listed companies is analysed. In total, 16 of these were early adopters and 40 of which waited until adoption of NZ IFRS became mandatory. The analysis of the financial statement impact of NZ IFRS is conducted in the context of the accounting choice literature. Findings - The results show that 87 per cent of firms are affected by NZ IFRS. The median and inter-quartile ranges indicate that for most firms the impact of NZ IFRS is small. However, the maximum and minimum values indicate the impact can be large for some entities. The impact has considerable effects on common financial ratios. Research limitations/implications - The usual limitations applicable to small samples apply. Practical implications - The findings may be useful to regulators and policy makers reviewing financial reporting requirements. Originality/value - This study is the first to offer a comprehensive empirical analysis of the effect of adopting IFRS on financial statements in New Zealand, as well as on selected key ratios of interest to financial analysts. The data used are more recent than most IAS or IFRS studies around the world and are stratified to allow for comparison between voluntary/early adopters and mandatory/late adopters.en_US
dc.format.extent92 - 107en_US
dc.publisherEmeralden_US
dc.rightsCreative Commons Attribution Non-commercial International Licence 4.0 (CC BY-NC 4.0).en_US
dc.subjectFinancial reportingen_US
dc.subjectInternational standardsen_US
dc.subjectmanagement ratiosen_US
dc.subjectNew Zealanden_US
dc.titleIFRS in New Zealand: Effects on financial statements and ratiosen_US
dc.typeJournal Article
dc.citation.volume22en_US
dc.identifier.doi10.1108/01140581011074494en_US
dc.description.confidentialfalseen_US
dc.identifier.elements-id37425
dc.relation.isPartOfPacific Accounting Reviewen_US
dc.citation.issue2en_US
pubs.organisational-group/Massey University
pubs.organisational-group/Massey University/Massey Business School
pubs.organisational-group/Massey University/Massey Business School/School of Accountancy
dc.identifier.harvestedMassey_Dark
pubs.notesNot knownen_US
dc.subject.anzsrc1501 Accounting, Auditing And Accountabilityen_US


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