Impact of Amendments to IAS 16 and IAS 41 on the Economic-Financial Position of Brazilian Sugar-Energy Companies
Autor(a) principal: | |
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Data de Publicação: | 2021 |
Outros Autores: | |
Tipo de documento: | Artigo |
Idioma: | eng por |
Título da fonte: | Contabilidade, Gestão e Governança |
Texto Completo: | https://revistacgg.org/index.php/contabil/article/view/2370 |
Resumo: | Objective: To identify the impact of the amendments to IAS 16 and IAS 41 on the economic and financial position of Brazilian sugar-energy companies, in the transition period from 2015 to 2017.Method: In a sample of 64 companies, the inverse of the Gray Comparability index was used to measure the impact and the paired Wilcoxon test to identify the significance.Originality/Relevance: This new accounting policy divided the plant and production into two assets with different measurement models. In the process of accounting for sugarcane crops, the sugarcane ratoon, considered a bearer plant, is now measured at historical cost and classified as fixed assets while standing cane continues to be measured by fair value but reported in current assets.Results: Retrospective accounting adjustments significantly impacted most of the variables analyzed. They improved current liquidity and asset turnover and negatively impacted third-party capital participation, fixed assets, general liquidity, and return on equity. The debt composition, quick liquidity, net margin, return on investments, and the operating cycle remained relatively stable.Theoretical/Methodological contributions: The study shows that the amendments to IAS 16 and IAS 41 imply the loss of comparability of accounting numbers and economic-financial indicators concerning previous periods. Besides, considering the peculiarities of sugarcane crops, the study provides evidence that contributes to discussions on measuring the fair value of standing cane. |
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Impact of Amendments to IAS 16 and IAS 41 on the Economic-Financial Position of Brazilian Sugar-Energy CompaniesImpacto das Emendas às IAS 16 e IAS 41 na Posição Econômico-financeira das Empresas Sucroenergéticas BrasileirasBiological AssetsBearer PlantsComparabilitySugarcane.Ativos BiológicosPlantas PortadorasComparabilidadeCana-de-açúcar.Objective: To identify the impact of the amendments to IAS 16 and IAS 41 on the economic and financial position of Brazilian sugar-energy companies, in the transition period from 2015 to 2017.Method: In a sample of 64 companies, the inverse of the Gray Comparability index was used to measure the impact and the paired Wilcoxon test to identify the significance.Originality/Relevance: This new accounting policy divided the plant and production into two assets with different measurement models. In the process of accounting for sugarcane crops, the sugarcane ratoon, considered a bearer plant, is now measured at historical cost and classified as fixed assets while standing cane continues to be measured by fair value but reported in current assets.Results: Retrospective accounting adjustments significantly impacted most of the variables analyzed. They improved current liquidity and asset turnover and negatively impacted third-party capital participation, fixed assets, general liquidity, and return on equity. The debt composition, quick liquidity, net margin, return on investments, and the operating cycle remained relatively stable.Theoretical/Methodological contributions: The study shows that the amendments to IAS 16 and IAS 41 imply the loss of comparability of accounting numbers and economic-financial indicators concerning previous periods. Besides, considering the peculiarities of sugarcane crops, the study provides evidence that contributes to discussions on measuring the fair value of standing cane.Objetivo: Identificar o impacto das emendas às IAS 16 e IAS 41 na posição econômico-financeira das empresas sucroenergéticas brasileiras, no período de transição de 2015 a 2017.Método: Em uma amostra de 64 companhias, utilizou-se o inverso do índice de Comparabilidade de Gray para mensurar o impacto e o teste Wilcoxon pareado para identificar a significância.Originalidade/Relevância: Essa nova política contábil dividiu a planta e a produção em dois ativos, com diferentes modelos de mensuração. No processo de contabilização das lavouras de cana-de-açúcar, a soqueira da cana-de-açúcar, considerada uma planta portadora, passa a ser mensurada pelo custo histórico e classificada como imobilizado, enquanto que a cana em pé continua a ser mensurada pelo valor justo, mas reportada no ativo circulante.Resultados: Os ajustes contábeis retrospectivos impactaram significativamente a maioria das variáveis analisadas. Melhoraram a liquidez corrente e o giro do ativo, bem como impactaram negativamente a participação de capitais de terceiros, a imobilização do patrimônio líquido, a liquidez geral e o retorno sobre o patrimônio líquido. A composição do endividamento, a liquidez seca, a margem líquida, o retorno sobre investimentos e o ciclo operacional se mantiveram relativamente estáveis.Contribuições teóricas/metodológicas: O estudo demonstra que as emendas às IAS 16 e IAS 41 implicam a perda de comparabilidade dos números contábeis e dos indicadores econômico-financeiros em relação a períodos anteriores. Além disso, considerando as peculiaridades das lavouras de cana-de-açúcar, o estudo fornece evidências que contribuem com as discussões sobre a mensuração do valor justo da cana em pé.Contabilidade Gestão e Governança2021-04-26info:eu-repo/semantics/articleinfo:eu-repo/semantics/publishedVersionapplication/pdfapplication/pdfhttps://revistacgg.org/index.php/contabil/article/view/237010.51341/1984-3925_2021v24n1a6Contabilidade Gestão e Governança; v. 24 n. 1 (2021); 92-1081984-39251984-3925reponame:Contabilidade, Gestão e Governançainstname:Universidade de Brasília (UnB)instacron:UNBengporhttps://revistacgg.org/index.php/contabil/article/view/2370/677https://revistacgg.org/index.php/contabil/article/view/2370/684Copyright (c) 2021 Revista Contabilidade, Gestão e Governançainfo:eu-repo/semantics/openAccessSouza, Marcos Paulo Rodrigues deShikida, Pery Francisco Assis2022-09-22T08:49:31Zoai:oai.jamg.cloud:article/2370Revistahttp://www.revistacgg.org/index.php/contabilPUBhttps://revistacgg.org/index.php/contabil/oaijamg.cgg@gmail.com1516-70111984-3925opendoar:2022-09-22T08:49:31Contabilidade, Gestão e Governança - Universidade de Brasília (UnB)false |
dc.title.none.fl_str_mv |
Impact of Amendments to IAS 16 and IAS 41 on the Economic-Financial Position of Brazilian Sugar-Energy Companies Impacto das Emendas às IAS 16 e IAS 41 na Posição Econômico-financeira das Empresas Sucroenergéticas Brasileiras |
title |
Impact of Amendments to IAS 16 and IAS 41 on the Economic-Financial Position of Brazilian Sugar-Energy Companies |
spellingShingle |
Impact of Amendments to IAS 16 and IAS 41 on the Economic-Financial Position of Brazilian Sugar-Energy Companies Souza, Marcos Paulo Rodrigues de Biological Assets Bearer Plants Comparability Sugarcane. Ativos Biológicos Plantas Portadoras Comparabilidade Cana-de-açúcar. |
title_short |
Impact of Amendments to IAS 16 and IAS 41 on the Economic-Financial Position of Brazilian Sugar-Energy Companies |
title_full |
Impact of Amendments to IAS 16 and IAS 41 on the Economic-Financial Position of Brazilian Sugar-Energy Companies |
title_fullStr |
Impact of Amendments to IAS 16 and IAS 41 on the Economic-Financial Position of Brazilian Sugar-Energy Companies |
title_full_unstemmed |
Impact of Amendments to IAS 16 and IAS 41 on the Economic-Financial Position of Brazilian Sugar-Energy Companies |
title_sort |
Impact of Amendments to IAS 16 and IAS 41 on the Economic-Financial Position of Brazilian Sugar-Energy Companies |
author |
Souza, Marcos Paulo Rodrigues de |
author_facet |
Souza, Marcos Paulo Rodrigues de Shikida, Pery Francisco Assis |
author_role |
author |
author2 |
Shikida, Pery Francisco Assis |
author2_role |
author |
dc.contributor.author.fl_str_mv |
Souza, Marcos Paulo Rodrigues de Shikida, Pery Francisco Assis |
dc.subject.por.fl_str_mv |
Biological Assets Bearer Plants Comparability Sugarcane. Ativos Biológicos Plantas Portadoras Comparabilidade Cana-de-açúcar. |
topic |
Biological Assets Bearer Plants Comparability Sugarcane. Ativos Biológicos Plantas Portadoras Comparabilidade Cana-de-açúcar. |
description |
Objective: To identify the impact of the amendments to IAS 16 and IAS 41 on the economic and financial position of Brazilian sugar-energy companies, in the transition period from 2015 to 2017.Method: In a sample of 64 companies, the inverse of the Gray Comparability index was used to measure the impact and the paired Wilcoxon test to identify the significance.Originality/Relevance: This new accounting policy divided the plant and production into two assets with different measurement models. In the process of accounting for sugarcane crops, the sugarcane ratoon, considered a bearer plant, is now measured at historical cost and classified as fixed assets while standing cane continues to be measured by fair value but reported in current assets.Results: Retrospective accounting adjustments significantly impacted most of the variables analyzed. They improved current liquidity and asset turnover and negatively impacted third-party capital participation, fixed assets, general liquidity, and return on equity. The debt composition, quick liquidity, net margin, return on investments, and the operating cycle remained relatively stable.Theoretical/Methodological contributions: The study shows that the amendments to IAS 16 and IAS 41 imply the loss of comparability of accounting numbers and economic-financial indicators concerning previous periods. Besides, considering the peculiarities of sugarcane crops, the study provides evidence that contributes to discussions on measuring the fair value of standing cane. |
publishDate |
2021 |
dc.date.none.fl_str_mv |
2021-04-26 |
dc.type.driver.fl_str_mv |
info:eu-repo/semantics/article info:eu-repo/semantics/publishedVersion |
format |
article |
status_str |
publishedVersion |
dc.identifier.uri.fl_str_mv |
https://revistacgg.org/index.php/contabil/article/view/2370 10.51341/1984-3925_2021v24n1a6 |
url |
https://revistacgg.org/index.php/contabil/article/view/2370 |
identifier_str_mv |
10.51341/1984-3925_2021v24n1a6 |
dc.language.iso.fl_str_mv |
eng por |
language |
eng por |
dc.relation.none.fl_str_mv |
https://revistacgg.org/index.php/contabil/article/view/2370/677 https://revistacgg.org/index.php/contabil/article/view/2370/684 |
dc.rights.driver.fl_str_mv |
Copyright (c) 2021 Revista Contabilidade, Gestão e Governança info:eu-repo/semantics/openAccess |
rights_invalid_str_mv |
Copyright (c) 2021 Revista Contabilidade, Gestão e Governança |
eu_rights_str_mv |
openAccess |
dc.format.none.fl_str_mv |
application/pdf application/pdf |
dc.publisher.none.fl_str_mv |
Contabilidade Gestão e Governança |
publisher.none.fl_str_mv |
Contabilidade Gestão e Governança |
dc.source.none.fl_str_mv |
Contabilidade Gestão e Governança; v. 24 n. 1 (2021); 92-108 1984-3925 1984-3925 reponame:Contabilidade, Gestão e Governança instname:Universidade de Brasília (UnB) instacron:UNB |
instname_str |
Universidade de Brasília (UnB) |
instacron_str |
UNB |
institution |
UNB |
reponame_str |
Contabilidade, Gestão e Governança |
collection |
Contabilidade, Gestão e Governança |
repository.name.fl_str_mv |
Contabilidade, Gestão e Governança - Universidade de Brasília (UnB) |
repository.mail.fl_str_mv |
jamg.cgg@gmail.com |
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1798315268218290176 |