Disclosure of fair value measurement techniques of financial instruments: study applied to the portuguese banking Sector according to IFRS 13
Autor(a) principal: | |
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Data de Publicação: | 2018 |
Outros Autores: | , , |
Tipo de documento: | Artigo |
Idioma: | eng |
Título da fonte: | Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos) |
Texto Completo: | http://hdl.handle.net/10400.2/9199 |
Resumo: | IASB has defined in IFRS 7 ―Financial Instruments: Disclosures" and in IFRS 13 "Fair Value Measurement", the set of disclosures that a company must make regarding the fair value measurement techniques used. The fair value hierarchy concept, introduced in IFRS 7 in 2009, classifies the data used in the measurement according to three levels, of which two levels introduce some subjectivity in the measurement. IFRS 7 has been amended several times with the clear intention to improve the disclosure requirements about financial instruments. IFRS 13 defines fair value, sets out a single framework for measuring fair value and requires disclosures about fair value measurements. Hence, this research aims to study the disclosure of fair value measurement techniques of the financial instruments, required by IFRS 13, of companies operating in the banking sector in Portugal from 2013 to 2015. Its purpose is to understand whether those financial instruments duly applied the accounting standards that define the required disclosures and analyse the fair value measurement techniques used for financial instruments. The results of the study allow us to conclude that companies operating in the banking sector in Portugal have not generally disclosed information on fair value measurement techniques of the financial instruments required by IFRS 13. It was also concluded that most financial instruments measured at fair value are classified at level 2 of the fair value hierarchy, which limits the degree of certainty about their values. |
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Disclosure of fair value measurement techniques of financial instruments: study applied to the portuguese banking Sector according to IFRS 13Banking industryFair value hierarchyIFRS 13 DiclosuresFinancial instrumentsIASB has defined in IFRS 7 ―Financial Instruments: Disclosures" and in IFRS 13 "Fair Value Measurement", the set of disclosures that a company must make regarding the fair value measurement techniques used. The fair value hierarchy concept, introduced in IFRS 7 in 2009, classifies the data used in the measurement according to three levels, of which two levels introduce some subjectivity in the measurement. IFRS 7 has been amended several times with the clear intention to improve the disclosure requirements about financial instruments. IFRS 13 defines fair value, sets out a single framework for measuring fair value and requires disclosures about fair value measurements. Hence, this research aims to study the disclosure of fair value measurement techniques of the financial instruments, required by IFRS 13, of companies operating in the banking sector in Portugal from 2013 to 2015. Its purpose is to understand whether those financial instruments duly applied the accounting standards that define the required disclosures and analyse the fair value measurement techniques used for financial instruments. The results of the study allow us to conclude that companies operating in the banking sector in Portugal have not generally disclosed information on fair value measurement techniques of the financial instruments required by IFRS 13. It was also concluded that most financial instruments measured at fair value are classified at level 2 of the fair value hierarchy, which limits the degree of certainty about their values.International Journal of Business and Management Invention (IJBMIRepositório AbertoKasyan, AnaSantos, Paula Gomes dosPinho, CarlosPinto, Vera2020-02-06T15:16:19Z2018-092018-09-01T00:00:00Zinfo:eu-repo/semantics/publishedVersioninfo:eu-repo/semantics/articleapplication/pdfhttp://hdl.handle.net/10400.2/9199eng2319–8028 (Print)info:eu-repo/semantics/openAccessreponame:Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos)instname:Agência para a Sociedade do Conhecimento (UMIC) - FCT - Sociedade da Informaçãoinstacron:RCAAP2023-11-16T15:32:04Zoai:repositorioaberto.uab.pt:10400.2/9199Portal AgregadorONGhttps://www.rcaap.pt/oai/openaireopendoar:71602024-03-19T22:49:04.726361Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos) - Agência para a Sociedade do Conhecimento (UMIC) - FCT - Sociedade da Informaçãofalse |
dc.title.none.fl_str_mv |
Disclosure of fair value measurement techniques of financial instruments: study applied to the portuguese banking Sector according to IFRS 13 |
title |
Disclosure of fair value measurement techniques of financial instruments: study applied to the portuguese banking Sector according to IFRS 13 |
spellingShingle |
Disclosure of fair value measurement techniques of financial instruments: study applied to the portuguese banking Sector according to IFRS 13 Kasyan, Ana Banking industry Fair value hierarchy IFRS 13 Diclosures Financial instruments |
title_short |
Disclosure of fair value measurement techniques of financial instruments: study applied to the portuguese banking Sector according to IFRS 13 |
title_full |
Disclosure of fair value measurement techniques of financial instruments: study applied to the portuguese banking Sector according to IFRS 13 |
title_fullStr |
Disclosure of fair value measurement techniques of financial instruments: study applied to the portuguese banking Sector according to IFRS 13 |
title_full_unstemmed |
Disclosure of fair value measurement techniques of financial instruments: study applied to the portuguese banking Sector according to IFRS 13 |
title_sort |
Disclosure of fair value measurement techniques of financial instruments: study applied to the portuguese banking Sector according to IFRS 13 |
author |
Kasyan, Ana |
author_facet |
Kasyan, Ana Santos, Paula Gomes dos Pinho, Carlos Pinto, Vera |
author_role |
author |
author2 |
Santos, Paula Gomes dos Pinho, Carlos Pinto, Vera |
author2_role |
author author author |
dc.contributor.none.fl_str_mv |
Repositório Aberto |
dc.contributor.author.fl_str_mv |
Kasyan, Ana Santos, Paula Gomes dos Pinho, Carlos Pinto, Vera |
dc.subject.por.fl_str_mv |
Banking industry Fair value hierarchy IFRS 13 Diclosures Financial instruments |
topic |
Banking industry Fair value hierarchy IFRS 13 Diclosures Financial instruments |
description |
IASB has defined in IFRS 7 ―Financial Instruments: Disclosures" and in IFRS 13 "Fair Value Measurement", the set of disclosures that a company must make regarding the fair value measurement techniques used. The fair value hierarchy concept, introduced in IFRS 7 in 2009, classifies the data used in the measurement according to three levels, of which two levels introduce some subjectivity in the measurement. IFRS 7 has been amended several times with the clear intention to improve the disclosure requirements about financial instruments. IFRS 13 defines fair value, sets out a single framework for measuring fair value and requires disclosures about fair value measurements. Hence, this research aims to study the disclosure of fair value measurement techniques of the financial instruments, required by IFRS 13, of companies operating in the banking sector in Portugal from 2013 to 2015. Its purpose is to understand whether those financial instruments duly applied the accounting standards that define the required disclosures and analyse the fair value measurement techniques used for financial instruments. The results of the study allow us to conclude that companies operating in the banking sector in Portugal have not generally disclosed information on fair value measurement techniques of the financial instruments required by IFRS 13. It was also concluded that most financial instruments measured at fair value are classified at level 2 of the fair value hierarchy, which limits the degree of certainty about their values. |
publishDate |
2018 |
dc.date.none.fl_str_mv |
2018-09 2018-09-01T00:00:00Z 2020-02-06T15:16:19Z |
dc.type.status.fl_str_mv |
info:eu-repo/semantics/publishedVersion |
dc.type.driver.fl_str_mv |
info:eu-repo/semantics/article |
format |
article |
status_str |
publishedVersion |
dc.identifier.uri.fl_str_mv |
http://hdl.handle.net/10400.2/9199 |
url |
http://hdl.handle.net/10400.2/9199 |
dc.language.iso.fl_str_mv |
eng |
language |
eng |
dc.relation.none.fl_str_mv |
2319–8028 (Print) |
dc.rights.driver.fl_str_mv |
info:eu-repo/semantics/openAccess |
eu_rights_str_mv |
openAccess |
dc.format.none.fl_str_mv |
application/pdf |
dc.publisher.none.fl_str_mv |
International Journal of Business and Management Invention (IJBMI |
publisher.none.fl_str_mv |
International Journal of Business and Management Invention (IJBMI |
dc.source.none.fl_str_mv |
reponame:Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos) instname:Agência para a Sociedade do Conhecimento (UMIC) - FCT - Sociedade da Informação instacron:RCAAP |
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Agência para a Sociedade do Conhecimento (UMIC) - FCT - Sociedade da Informação |
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RCAAP |
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RCAAP |
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Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos) |
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Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos) |
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Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos) - Agência para a Sociedade do Conhecimento (UMIC) - FCT - Sociedade da Informação |
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1799135074520662016 |