The relationship between profitability and the level of compliance to the International Financial Reporting Standards (IFRS): An empirical investigation on publicly listed corporations in the Philippines

College

Ramon V. Del Rosario College of Business

Department/Unit

Accountancy

Document Type

Article

Source Title

Academy of Accounting and Financial Studies Journal

Volume

15

Issue

4

First Page

61

Last Page

82

Publication Date

1-1-2011

Abstract

This paper is to empirically identify the magnitude of financial disclosures by Philippine companies particularly those that belong in three (3) Industries such as Food, Beverage & Tobacco, Telecommunication and Information Technology Industries, investigates whether Philippines publicly listed corporations comply with International Financial Reporting Standard, aims to develop strategy to which maximum compliance with IFRS specifically to study the effect of profitability with the level of compliance among publicly listed corporations in the Philippines for the year 2008. Ergo, Findings suggest that profitability measures such as ROE, ROA, ROS, BEPS and Revenues are statistically not associated with the extent of compliance with IFRS disclosure requirements. © 2011 by the DreamCatchers Group, LLC, Arden NC, USA.

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Disciplines

Accounting

Keywords

Industries--Philippines--Accounting

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