The effects of IAS 40 compliance on the financial performance of selected Philippine listed firms in the property sector

College

Ramon V. Del Rosario College of Business

Department/Unit

Accountancy

Document Type

Conference Proceeding

Source Title

2015 International Conference on Multi-stakeholder Approach in Advancing

Publication Date

10-2015

Place of Publication

Cebu, Philippines

Publisher

Asia Pacific Business and Economics Research Society

Abstract

This study assessed the significant effect of compliance with the provisions of International Accounting Standard (IAS) 40 Investment Property on the overall financial performance of the selected Philippine publicly listed firms in the property sector. Secondary data were utilized to test the effects of the adoption of IAS on the performance of the selected property firms. The financial performance of the firms was measured through the analysis of key financial ratios. The result of the analysis showed that conformity with the provisions of IAS 40 has no significant impact on the financial performance of the firms. Results and findings aimed to help all stakeholders of the firms like shareholders, potential investors, management, regulatory bodies, and auditors in decision-making. It also hopes to contribute to the knowledge base of the academe.

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Disciplines

Accounting

Note

Abstract only

Keywords

Corporations—Philippines—Accounting; Accounting—Standards

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