STATEMENT OF COMPREHENSIVE INCOME ANALYSIS AFTER THE IMPLEMENTATION OF IFRS IN BRAZIL

Authors

  • Adolfo Henrique Coutinho e Silva Universidade Federal do Rio de Janeiro
  • Érica Gomes Rocha da Silva Universidade do Estado do Rio de Janeiro

DOI:

https://doi.org/10.19094/contextus.v13i1.584

Keywords:

Comprehensive income statement. International Accounting standards. Relevance of accounting information. Other comprehensive income. New market.

Abstract

This study examined the information content of the Comprehensive Income Statement published by 62 companies of “New Market” of BM & FBovespa. The statistical analysis consisted of the application of the mean difference paired test (T test and Wilcoxon test). In addition, a qualitative analysis was performed. The results indicated that: (a) approximately 50% of companies reported gains and losses in Comprehensive Income Statement; (b) the effects of gains and losses were positive in 2012 and 2011 and negative in 2010; (c) the CPC 2 (Effects of changes in exchange rates and translation of financial statements) and CPC 38 (Financial Instruments) were the most frequent; and d) there are differences between metrics Net Income and Comprehensive Income for the companies analyzed in years 2011 and 2010. The results indicate that the items of the DRA have the potential to generate volatility in the income statement if they were recognized in the Income Statement.

Author Biographies

Adolfo Henrique Coutinho e Silva, Universidade Federal do Rio de Janeiro

Doutor em Contabilidade e Controladoria pela Universidade de São Paulo; Professor Adjunto da Universidade Federal do Rio de Janeiro

Érica Gomes Rocha da Silva, Universidade do Estado do Rio de Janeiro

Bacharel em Ciências Contábeis pela Universidade do Estado do Rio de Janeiro

References

BAMBER, Linda Smith; JIANG, John Xuefeng; PETRONI, Kathy R.; WANG, Isabel Yanyan. Comprehensive Income: who’s afraid of performance reporting? Accounting Review, California, v. 85, n. 1, p. 97-126, 2010.

BM&FBOVESPA.Disponível em: <http://www.bmfbovespa.com.br>. Acesso em: 22 dez. 2012.

CAHAN, Steven F.; COURTENAY, Stephen M.; GRONEWOLLER, Paul L.; UPTON, David R. Value relevance of mandated comprehensive income disclosures. Journal of Business Finance and Accounting, v. 27, n. 9-10, p. 1273-1301, nov./dez.. 2000.

CHAMBERS, Dennis; LINSMEIER, Thomas J.; SHAKESPEARE, Catherine; SOUGIANNIS, Theodore. An evaluation of SFAS n.130 comprehensive income disclosures. Review of Accounting Studies, v. 12, n. 4, p. 557-593, dez.. 2007.

COMITÊ DE PRONUNCIAMENTOS CONTÁBEIS. CPC 00 (R1)-Estrutural conceitual para elaboração e divulgação de Relatório Contábil Financeiro. Disponível em: <http://www.cpc.com.br/>. Acesso em: 15 jan.2014.

CVM- Comissão de Valores Mobiliários. Disponível em: <http://www.cvm.gov.br/>. Acesso em: 10 abr. 2013.

DEHNING, Bruce; RATLIFF, Paulette A. Comprehensive Income: evidence on the effectiveness of FAS 130. The Journal of American Academy of Business, Cambridge, v. 4, n. 1-2, p. 228-232, mar., 2004.

DHALIWAL, D.; SUBRAMANYAM, K. R.; TREZEVANT, R. Is comprehensive income superior to net income as a measure of firm perfomance. Journal of Accounting and Economics, v. 26, p. 43-67, 1999.

FERRARO, Olga. Comprehensive income in Italy: reporting preferences and its effects on performance indicators. Journal of Modern Accounting and Auditing, v. 7, n. 12, p. 1315-1328, dez.. 2011.

FERRARO, Olga; VELTRI, Stefania. A critical analysis of the empirical researches on comprehensive income value relevance. European Journal of Scientific Research, v. 76, n. 4, p. 587-594, 2012.

JONES, Denise A.; SMITH, Kimberly J. Comparing the value relevance, predictive value, and persistence of other comprehensive income and special items. The Accounting Review, v. 86, n. 6, p. 2047-2073, 2011.

KANAGARETNAM, Kiridaran; MATHIEU, Robert; SHEHATA, Mohamed. Usefulness of comprehensive income reporting in Canada. Journal of Accounting and Public Polic, v. 28, n. 4, p. 349–365, jul./ago. 2009.

LEE, Yen-Jung; PETRONI, Kathy R.; SHEN, Min. Cherry picking, financial reporting quality, and comprehensive income reporting choices: the case of property-liability insurers. . Disponível em: <http://papers.ssrn.com/sol3/papers.cfm?abstract_id=450660>. Acesso em:01 dez.2012.

PINHEIRO, L. E. T.; MACEDO, R. P.; VILAMAIOR, A. G. Lucro Líquido versus Lucro Abrangente: Uma análise empírica da volatilidade. Revista Universo Contábil, v. 8, n. 4, p. 06-18, out./dez., 2012.

PRONOBIS, Paul; ZÜLCH, Henning. The Predictive power of comprehensive income and its individual components under IFRS. Disponível em: http://papers.ssrn.com/sol3/papers.cfm?abstract_id=1576384. Acesso em: 01 dez.2012.

COMITÊ DE PRONUNCIAMENTOS CONTÁBEIS. CPC 26 - Apresentação das Demonstrações Contábeis. Disponível em: < http://www.cpc.org.br>. Acesso em:08 fev. 2013.

RAHMAN, Azhar Abdul; HMADAN, Mohd Diah Hj. Comprehensive Income: reporting preferences of malaysian listed companies on the ACE Market. 2011. Disponível em: <http://wbiconpro.com/315-Azhar.pdf>. Acesso em: 01 dez.2012.

REES, Lynn; SHANE, Phil. Academic research and standard setting: the case of other comprehensive income. Accounting Horizons, v. 26, n. 4, p. 1-27.dez.., 2012.

SILVA, J. S.; SILVA, A. H. C.; LAURENCEL, L. C.. Nível de evidenciação obrigatória nas empresas de capital aberto: uma análise do CPC 27. In: Congresso ANPCONT, 8, 2014, Rio de Janeiro. Anais... Rio de Janeiro, 2011.

TARCA, A.; BROWN, P.; HANCOCK, P.; WOODLIFF, D.; BRADBURY, M.; ZIJL, T. V.. Identifying decision useful information with the matrix format income statement. Journal of International Financial Management and Accounting, v. 19, n. 2, p. 184-217, jun., 2008.

Downloads

Published

2015-01-30

How to Cite

Silva, A. H. C. e, & Silva, Érica G. R. da. (2015). STATEMENT OF COMPREHENSIVE INCOME ANALYSIS AFTER THE IMPLEMENTATION OF IFRS IN BRAZIL. Contextus - Contemporary Journal of Economics and Management, 13(1), 105–131. https://doi.org/10.19094/contextus.v13i1.584

Issue

Vol. 13 No. 1: jan/apr 2015

Section

Articles

License

 

The authors, while doing the submission, accept the notice below:

We authors hold the copyright related to our paper and transfer Contextus journal the right for the first publication with a Creative Commons’ international license of the modality Attribution – Non-commercial 4.0, which in turn allows the paper to be shared providing that both the authorship and the journal’s right for initial release are acknowledged.

Furthermore, we are aware of our permission to take part in additional contracts independently for non-exclusive distribution of the version of our work published in this journal (e.g. publishing it in an institutional repository or as a book chapter), while acknowledging both the authorship and the journal’s initial publication.

We also certify that the paper is original and up to this date has not been released in any other journal, Brazilian or of another nationality, either in Portuguese or another language, as well as it has not been sent for simultaneous publication in other journals.

Last, we not only know that plagiarism is not tolerated by Contextus but also certify the paper presents the sources of passages from cited works, including those authored by ourselves.