Adoption of financial information standards in the telecommunications sector: conjectures from a literature review
Keywords:
International Financial Reporting Standards (IFRS), Telecommunications sector, implementation impacts, financial statements convergence.
Abstract
Accounting regulation is a subject of constant study in the global literature. Its frequent changes, potential approaches and, above all, the economic effects derived from its premises are the object of permanent work. This article was constructed based on the objective of evidencing the evolution and current situation on the global debate on the implementation of IFRS, considering the 2014-2018 period in the study literature and making some conjectures about the impacts of the implementation in the telecommunications sector In Colombia. The methodology used is the documentary analysis. The main findings show, for some jurisdictions, the improvement of the quality of the information and the notable decrease of privileged information due to the requirement in disclosures about the accounting figures. In addition, it is also proposed that regulatory changes can limit the earnings management by administrators.
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Soares Santiago, J., Nóbrega Cavalcante, P. R., & Paulo, E. (2015). Análise da persistência e conservadorismo no processo de convergência internacional nas empresas de capital aberto do setor de construção no brasil. Revista Universo contabil, 11(2), 174-195. doi:10.4270/ruc.2015217. ISSN 1809-3337”
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Armstrong, Christopher. Barth, Mary; Jagolinzer, Alan & Riedl, Edward (2010). Market Reaction to the Adoption of NIIF in Europe. The Accounting Review, 85(1), 31-61.
Brochet, F., Jagolinzer, A. D., & Riedl, E. J. (2013). Mandatory NIIF Adoption and Financial Statement Comparability. Contemporary Accounting Research, 30(4), 1373-1400.
Carneiro, J., Lima Rodrigues, L & Craig, R. (2017). Assessing international accounting harmonization in Latin America. Accounting Forum, 41(3), 172-184.
Cavalier, G., & Tiras, S. (2013). Brazil’s adoption of NIIF: fertile ground for examining earnings management. Brazilian business review, 10, 133-146.
CRC (2015). Reporte de industria del sector TIC. Recuperado de: http://colombiatic.mintic.gov.co/602/articles-15957_archivo_pdf.pdf
Crettaz, José. (2016). Nuevos contextos regulatorios en el sector convergente, los medios, las telecomunicaciones y el entretenimiento. una propuesta de matriz de análisis. Austral comunicación, 5(1), 63-83.
Damacena R. R., Silva, A. C., Cosenza, J. P. (2017). Contabilidad regulatoria versus contabilidad financiera: estudio de caso de las diferencias del tratamiento contable en empresas brasileñas del sector eléctrico. Cuadernos de Contabilidad, 18(46), 1-21. https://doi.org/10.11144/Javeriana.cc18-46.crvc.
Dowa, A., Elgammi, A., Elhatab, A y Mutat, H. (2017). Main Worldwide Cultural Obstacles on Adopting International Financial Reporting Standards (NIIF). International Journal of Economics and Finance, 9(2), 172-179.
Espitia Becerra, María Carolina. (2014). El servicio público de las telecomunicaciones: un reto para la regulación económica. Revista digital de Derecho Administrativo, 12, 243-255.
FUNDESCO. (1986). Formación de técnicos e investigadores en tecnologías de la información: análisis de la oferta y la demanda de estos profesionales en España. Madrid: FUNDESCO.
García, Beatriz (2014). Normas Internacionales de Información Financiera: ¿estamos EU-armonizados? Revista de la Asociación Española de Contabilidad y Administración de Empresas, 105, 40-42.
Giraldo Palacio, María E. (2016). La privatización de las telecomunicaciones en Colombia: el rol de las empresas públicas en el nuevo marco institucional. Gestión y política pública, 1, 81-117.
Guevara, J., Castaño, C., y Quirós, E. (2018). Análisis de implementación de las NIIF en el sector telecomunicaciones. Panorama Económico, 26, (3), 349-372.
Gutiérrez, L. (2003). Regulatory Governance in the Latin American Telecommunications. Utilities Policy, 11(4), 225-240.
Hou, Q., Jin, Q., y Wang, L. (2014). Mandatory NIIF adoption and executive compensation: Evidence from China. China Journal of Accounting Research, 7(1), 9–29.
Houqe, M. N. H, Monen Reza, Tareq Mohammad & Van Zijl Tony. (2016). Secrecy and the impact of mandatory IFRS adoption on earnings quality in Europe. Pacific- Basin Finance Journal, 40, 476-490.
IFRS Foundation (2018). Use of IFRS Standards around the world. Londres. IFRS Foundation, 8 p. URL: https://www.ifrs.org/-/media/feature/around-the-orld/adoption/use-of-ifrs-around-the-world-overviewsept-2018.pdf
Istrate, C. (2014). Impact of NIIF on the accounting numbers of Romanian listed companies. Accounting & Management Information Systems / Contabilitate Si Informatica De Gestiune, 13(3), 466-491.
Joshi, M., Yapa, P. y Kraal, D. (2016). NIIF adoption in ASEAN countries: Perceptions of professional accountants from Singapore, Malaysia and Indonesia. International Journal of Managerial Finance, 12(2), 211-240.
Kargın, S. (2013). The Impact of NIIF on the Value Relevance of Accounting Information: Evidence from Turkish Firms. International Journal of Economics and Finance, 5(4), 71-80.
Kleinman, G., Lin, B. B., & Bloch, R. (2019). Accounting enforcement in a national context: an international study. International Journal of Disclosure & Governance, 16(1), 47–67. https://doi.org/10.1057/s41310-019-00056-y
MINTIC. (2015). Colombia TIC. Recuperado de http://colombiatic.mintic.gov.co/602/articles-8917_panoranatic.pdf
Nobes, C. W. y Stadler, C. (2015). The qualitative characteristics of financial information, and managers’ accounting decisions: evidence from NIIF policy changes. Accounting & Business Research, 45(5), 572-601.
Nouri, Y. y Abaoub, E. (2014). Accounting Manipulations and NIIF: Evidence from French companies. International Journal of Economics and Finance, 6(11), 229-244.
Nurunnabi, M. (2018). Perceived costs and benefits of IFRS adoption in Saudi Arabia: An exploratory study. Research in Accounting Regulation, 30(2), 166-175.
OCDE. (2002). Reviewing the ICT sector definition: Issues for discussion. Recuperado de: http://www.oecd.org/dataoecd/3/8/20627293.pdf
OCDE. (2014). Regulatory structures and their reform in Colombia. Review of telecommunication policy and regulation in Colombia, 43-134. Base de datos OECD, Recuperado de http://www.keepeek.com/Digital-Asset-Management/oecd/science-and-technology/oecd-review-oftelecommunication-policy-and-regulation-in-colombia/regulatorystructures-and-their-reform-in-colombia_9789264208131-4-en#.WPPUg6K1vIU
Parlamento Europeo (2013). Directiva 2013/34/UE del parlamento europeo y del consejo sobre los estados financieros anuales, los estados financieros consolidados y otros informes afines de ciertos tipos de empresas. Diario Oficial de la Unión Europea, de 26 de junio de 2013, 19-76.
Polo Jiménez, S., Palacios Manzano, M. y Martínez Conesa, I. (2015). Convergencia de normas contables internacionales entre México y Estados Unidos: evidencia empírica. Innovar: Revista de ciencias administrativas y sociales, 25, Edición especial 21-32.
Rathke, Alex Augusto Timm, Santana, Verônica de Fátima, Lourenço, Isabel Maria Estima Costa, & Dalmácio, Flávia Zóboli. (2016). International Financial Reporting Standards and Earnings Management in Latin America. Revista de Administração Contemporânea, 20(3), 368-388. https://dx.doi.org/10.1590/1982-7849rac2016140035
Santana Santos, E. (2015). Impacto Total Da Implementação Do NIIF No Lucro E Patrimônio Líquido Das Empresas Brasileiras. Base, 12(3), 225-241.
Serçemeli, Murat (2016). A research about adoption of international financial reporting standards on G20 countries. Journal of Human Sciences, 13(3), 6185-6203.
Silva Junior, J, Caldeira, J. y Torrent, H. (2017). Effects of NIIF on Accounting Information Quality: evidence for Brazil. International Journal of Economics and Finance, 9(5), 44-57.
Soares Santiago, J., Nóbrega Cavalcante, P. R., & Paulo, E. (2015). Análise da persistência e conservadorismo no processo de convergência internacional nas empresas de capital aberto do setor de construção no brasil. Revista Universo contabil, 11(2), 174-195. doi:10.4270/ruc.2015217. ISSN 1809-3337”
Uribe, J. (2013). La investigación documental y el estado del arte como estrategias de investigación en ciencias sociales. En, Páramo, Pablo. (comp.). La investigación en ciencias sociales: estrategias de investigación (2a ed.). Bogotá: Universidad Piloto de Colombia.
Zhang L. y Rivas, E. (2016). Normas de información financiera en China y México: análisis comparativo. Vincula tégica EFAN, 2(1), 1201-1228.
Published
2020-07-01
How to Cite
Castaño Ríos, C. E., Guevara Sanabria, J. A., & Quirós Lizarazo, E. H. (2020). Adoption of financial information standards in the telecommunications sector: conjectures from a literature review. Colombian Journal of Accounting - ASFACOP, 8(16), 19-40. https://doi.org/10.56241/asf.v8n16.181
Section
Financial accounting, finance and accounting systems
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