Accounting choices in Brazil: identifying the characteristics of publicly traded companies that opted to maintain versus derecognise deferred assets
Autor(a) principal: | |
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Data de Publicação: | 2012 |
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Tipo de documento: | Artigo |
Idioma: | eng por |
Título da fonte: | Revista Contabilidade & Finanças (Online) |
Texto Completo: | https://www.revistas.usp.br/rcf/article/view/34347 |
Resumo: | The issuance of Brazilian Law 11.638/2007 is a critical step in the convergence of the Brazilian Generally Accepted Accounting Principles (GAAPs) towards International Financial Reporting Standards. After the law was implemented and later modified by Provisional Executive Order 449/2008 (converted into Law 11.941/2009), certain accounting choices were allowed during the transition period. The Brazilian GAAPs allowed for restructuring costs and costs related to opening a new facility to be recognised as assets. As a transitional provision, companies were allowed to choose between maintaining or eliminating these values. In this paper, we attempted to identify which company characteristics were associated with this accounting choice. The final sample consisted of Brazilian companies listed on the BM & FBOVESPA, and a logistic regression identified two characteristics. Participation in one of the three different corporate governance levels of the BM & FBOVESPA was associated with the choice to derecognise the deferred assets, while companies decided to maintain the deferred asset if it was relatively large. The empirical evidence reported here contributes to the literature by explaining the manner in which a set of firm characteristics is related to a firm's accounting choices. |
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Accounting choices in Brazil: identifying the characteristics of publicly traded companies that opted to maintain versus derecognise deferred assets Escolhas contábeis no Brasil: identificação das características das companhias que optaram pela manutenção versus baixa dos saldos do ativo diferido Escolhas contábeisAtivo diferidoLei 11.638/2007Lei 11.941/2009accounting choicesdeferred assetsBrazilian Law 11.638/2007Brazilian Law 11.941/2009 The issuance of Brazilian Law 11.638/2007 is a critical step in the convergence of the Brazilian Generally Accepted Accounting Principles (GAAPs) towards International Financial Reporting Standards. After the law was implemented and later modified by Provisional Executive Order 449/2008 (converted into Law 11.941/2009), certain accounting choices were allowed during the transition period. The Brazilian GAAPs allowed for restructuring costs and costs related to opening a new facility to be recognised as assets. As a transitional provision, companies were allowed to choose between maintaining or eliminating these values. In this paper, we attempted to identify which company characteristics were associated with this accounting choice. The final sample consisted of Brazilian companies listed on the BM & FBOVESPA, and a logistic regression identified two characteristics. Participation in one of the three different corporate governance levels of the BM & FBOVESPA was associated with the choice to derecognise the deferred assets, while companies decided to maintain the deferred asset if it was relatively large. The empirical evidence reported here contributes to the literature by explaining the manner in which a set of firm characteristics is related to a firm's accounting choices. A promulgação da Lei 11.638/2007 representa uma das principais etapas nos esforços de convergência do modelo contábil brasileiro ao internacional. Após sua implementação e a posterior alteração pela Medida Provisória 449/2008 (convertida na Lei 11.941/2009), algumas escolhas contábeis foram permitidas no momento de transição. Uma dessas consistiu no tratamento dos saldos remanescentes de ativo diferido. A regra de transição brasileira permitiu que cada companhia fizesse a opção pela manutenção ou baixa desses saldos remanescentes. Neste trabalho, procurou-se avaliar quais características das companhias abertas estariam ligadas à escolha contábil. A amostra final foi constituída por companhias abertas da BM&FBOVESPA e uma regressão logística foi utilizada, resultando na identificação de duas características. A participação em algum dos níveis diferenciados de governança corporativa está associada à escolha pela baixa dos saldos remanescentes. Já o tamanho do saldo do ativo diferido está associado à escolha pela manutenção dos saldos, após controle pelo tamanho da empresa. As evidências empíricas contribuem para a literatura nacional por explicarem como o conjunto de características da firma está relacionado às suas escolhas contábeis. Universidade de São Paulo. Faculdade de Economia, Administração, Contabilidade e Atuária2012-04-01info:eu-repo/semantics/articleinfo:eu-repo/semantics/publishedVersionapplication/pdfapplication/pdfhttps://www.revistas.usp.br/rcf/article/view/3434710.1590/S1519-70772012000100004Revista Contabilidade & Finanças; v. 23 n. 58 (2012); 52-64 Revista Contabilidade & Finanças; Vol. 23 No. 58 (2012); 52-64 Revista Contabilidade & Finanças; Vol. 23 Núm. 58 (2012); 52-64 1808-057X1519-7077reponame:Revista Contabilidade & Finanças (Online)instname:Universidade de São Paulo (USP)instacron:USPengporhttps://www.revistas.usp.br/rcf/article/view/34347/37082https://www.revistas.usp.br/rcf/article/view/34347/37083Copyright (c) 2018 Revista Contabilidade & Finançasinfo:eu-repo/semantics/openAccessLorencini, Fernando DragoCosta, Fábio Moraes da2013-04-08T16:50:32Zoai:revistas.usp.br:article/34347Revistahttp://www.revistas.usp.br/rcf/indexPUBhttps://old.scielo.br/oai/scielo-oai.phprecont@usp.br||recont@usp.br1808-057X1519-7077opendoar:2013-04-08T16:50:32Revista Contabilidade & Finanças (Online) - Universidade de São Paulo (USP)false |
dc.title.none.fl_str_mv |
Accounting choices in Brazil: identifying the characteristics of publicly traded companies that opted to maintain versus derecognise deferred assets Escolhas contábeis no Brasil: identificação das características das companhias que optaram pela manutenção versus baixa dos saldos do ativo diferido |
title |
Accounting choices in Brazil: identifying the characteristics of publicly traded companies that opted to maintain versus derecognise deferred assets |
spellingShingle |
Accounting choices in Brazil: identifying the characteristics of publicly traded companies that opted to maintain versus derecognise deferred assets Lorencini, Fernando Drago Escolhas contábeis Ativo diferido Lei 11.638/2007 Lei 11.941/2009 accounting choices deferred assets Brazilian Law 11.638/2007 Brazilian Law 11.941/2009 |
title_short |
Accounting choices in Brazil: identifying the characteristics of publicly traded companies that opted to maintain versus derecognise deferred assets |
title_full |
Accounting choices in Brazil: identifying the characteristics of publicly traded companies that opted to maintain versus derecognise deferred assets |
title_fullStr |
Accounting choices in Brazil: identifying the characteristics of publicly traded companies that opted to maintain versus derecognise deferred assets |
title_full_unstemmed |
Accounting choices in Brazil: identifying the characteristics of publicly traded companies that opted to maintain versus derecognise deferred assets |
title_sort |
Accounting choices in Brazil: identifying the characteristics of publicly traded companies that opted to maintain versus derecognise deferred assets |
author |
Lorencini, Fernando Drago |
author_facet |
Lorencini, Fernando Drago Costa, Fábio Moraes da |
author_role |
author |
author2 |
Costa, Fábio Moraes da |
author2_role |
author |
dc.contributor.author.fl_str_mv |
Lorencini, Fernando Drago Costa, Fábio Moraes da |
dc.subject.por.fl_str_mv |
Escolhas contábeis Ativo diferido Lei 11.638/2007 Lei 11.941/2009 accounting choices deferred assets Brazilian Law 11.638/2007 Brazilian Law 11.941/2009 |
topic |
Escolhas contábeis Ativo diferido Lei 11.638/2007 Lei 11.941/2009 accounting choices deferred assets Brazilian Law 11.638/2007 Brazilian Law 11.941/2009 |
description |
The issuance of Brazilian Law 11.638/2007 is a critical step in the convergence of the Brazilian Generally Accepted Accounting Principles (GAAPs) towards International Financial Reporting Standards. After the law was implemented and later modified by Provisional Executive Order 449/2008 (converted into Law 11.941/2009), certain accounting choices were allowed during the transition period. The Brazilian GAAPs allowed for restructuring costs and costs related to opening a new facility to be recognised as assets. As a transitional provision, companies were allowed to choose between maintaining or eliminating these values. In this paper, we attempted to identify which company characteristics were associated with this accounting choice. The final sample consisted of Brazilian companies listed on the BM & FBOVESPA, and a logistic regression identified two characteristics. Participation in one of the three different corporate governance levels of the BM & FBOVESPA was associated with the choice to derecognise the deferred assets, while companies decided to maintain the deferred asset if it was relatively large. The empirical evidence reported here contributes to the literature by explaining the manner in which a set of firm characteristics is related to a firm's accounting choices. |
publishDate |
2012 |
dc.date.none.fl_str_mv |
2012-04-01 |
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://www.revistas.usp.br/rcf/article/view/34347 10.1590/S1519-70772012000100004 |
url |
https://www.revistas.usp.br/rcf/article/view/34347 |
identifier_str_mv |
10.1590/S1519-70772012000100004 |
dc.language.iso.fl_str_mv |
eng por |
language |
eng por |
dc.relation.none.fl_str_mv |
https://www.revistas.usp.br/rcf/article/view/34347/37082 https://www.revistas.usp.br/rcf/article/view/34347/37083 |
dc.rights.driver.fl_str_mv |
Copyright (c) 2018 Revista Contabilidade & Finanças info:eu-repo/semantics/openAccess |
rights_invalid_str_mv |
Copyright (c) 2018 Revista Contabilidade & Finanças |
eu_rights_str_mv |
openAccess |
dc.format.none.fl_str_mv |
application/pdf application/pdf |
dc.publisher.none.fl_str_mv |
Universidade de São Paulo. Faculdade de Economia, Administração, Contabilidade e Atuária |
publisher.none.fl_str_mv |
Universidade de São Paulo. Faculdade de Economia, Administração, Contabilidade e Atuária |
dc.source.none.fl_str_mv |
Revista Contabilidade & Finanças; v. 23 n. 58 (2012); 52-64 Revista Contabilidade & Finanças; Vol. 23 No. 58 (2012); 52-64 Revista Contabilidade & Finanças; Vol. 23 Núm. 58 (2012); 52-64 1808-057X 1519-7077 reponame:Revista Contabilidade & Finanças (Online) instname:Universidade de São Paulo (USP) instacron:USP |
instname_str |
Universidade de São Paulo (USP) |
instacron_str |
USP |
institution |
USP |
reponame_str |
Revista Contabilidade & Finanças (Online) |
collection |
Revista Contabilidade & Finanças (Online) |
repository.name.fl_str_mv |
Revista Contabilidade & Finanças (Online) - Universidade de São Paulo (USP) |
repository.mail.fl_str_mv |
recont@usp.br||recont@usp.br |
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1787713776425893888 |