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Comprehensive Income: which potential effects on firms’ performance evaluation and users’ decision process?
Titolo Rivista: FINANCIAL REPORTING 
Autori/Curatori: Pier Luigi Marchini, Carlotta D'Este 
Anno di pubblicazione:  2015 Fascicolo: Lingua: Inglese 
Numero pagine:  40 P. 55-94 Dimensione file:  371 KB
DOI:  10.3280/FR2015-002003
Il DOI è il codice a barre della proprietà intellettuale: per saperne di più:  clicca qui   qui 


The reporting of comprehensive income is becoming increasingly important. After the introduction of Other Comprehensive Income (OCI) reporting, as required by the 2007 IAS 1-revised, the IASB is currently seeking inputs from investors on the usefulness of unrealized gains and losses and on the role of comprehensive income. This circumstance is of particular relevance in code law countries, as local pre-IFRS accounting models influence financial statement preparers and users. This study aims at investigating the role played by unrealized gains and losses reporting on users’ decision process, by examining the impact of OCI on the Italian listed companies RoE ratio and by surveying a sample of financial analysts, also content analysing their formal reports. The results show that the reporting of comprehensive income does not affect the financial statement users’ decision process, although it statistically affects Italian listed entities’ performance.


Keywords: Comprehensive income statement, users/investors, International Financial Reporting Standards (IFRS), performance evaluation, analysts’ reaction

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Pier Luigi Marchini, Carlotta D'Este, in "FINANCIAL REPORTING" 2/2015, pp. 55-94, DOI:10.3280/FR2015-002003

   

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