ACCOUNTING CHOICES IN INVESTIMENT PROPERTIES

• Autor(a) principal: Andrade, Maria Elisabeth Moreira Carvalho
• Data de Publicação: 2013
• Outros Autores: Silva, Denise Mendes da, Malaquias, Rodrigo Fernandes
• Tipo de documento: Artigo
• Idioma: por
• Título da fonte: Revista Universo Contábil
• Texto Completo: https://ojsrevista.furb.br/ojs/index.php/universocontabil/article/view/3259
• topic: accounting choices; investment properties; fair value; cost method.; opciones de contabilidad; propiedades de inversión; el valor razonable; método de costo.; escolhas contábeis; propriedades para investimento; valor justo; custo

This article aims to analyze the accounting choices of companies listed on the BM&FBOVESPA, upon adoption of CPC 28 - Investment Property - correlated standard IAS 40 - Investment Property. The standard allows the choice of alternative methods for assessment of investment properties: fair value method or the cost method. Thus companies similar may have statements differentiated. This is a descriptive, documentary and predominantly quantitative research. The data collected were analyzed using descriptive statistics and multivariate technique of logistic regression analysis. Of the 39 companies selected, 17 (44%) adopted the fair value method and the remaining 22 companies (56%) opted for the cost method. The descriptive analysis allowed us to observe, also, the amount that was off balance sheet in the case of companies that have chosen the cost method. With regard to multivariate analysis, it was evidence that the variables selected for the study, seemed to present no statistically significant relationship with the valuation method chosen by the companies. You should take into consideration that 2009 and 2010 were the first years of using CPC 28, as well as the other Accounting Pronouncements, fully, and this fact may have influenced the results found. Another important point is about the Brazilian capital market, which is quite different from foreign markets, where similar studies have been conducted. Therefore conclusions and comparisons with the results should be made with caution.