THE IMPACT OF IFRS ON REPORTING FOR BUSINESS COMBINATIONS: AN IN-DEPTH ANALYSIS USING THE TELECOMMUNICATIONS INDUSTRY

Mario Carrara (), Diogenis Baboukardos, Cunningham Garry M. and Hassel Lars G.
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Mario Carrara: Brescia, Italy, Brescia, Italy
Diogenis Baboukardos: Jönköping International Business School, Jönköping International Business School
Cunningham Garry M.: Jönköping International Business School, Jönköping International Business School
Hassel Lars G.: Åbo Akademi University, Turku, Finland

Annals of Faculty of Economics, 2011, vol. 1, issue 1, 557-593

Abstract: The mandatory use of IFRS by all publicly listed companies in the European Union created challenges for accounting and reporting of business combinations, goodwill impairment and disclosures for these items. Major issues are allocation of amounts to goodwill and specific intangible assets arising from acquisition. This study presents an in-depth exploration of compliance with IFRS 3 and IAS 36 using content analysis methodology of annual reports of eight European telecommunications that were chose because the industry is well known for significant acquisitions involving intangibles. The results show only partial compliance with little change over the four year period since mandatory IFRS adoption. While results cannot be generalized outside this group, the in-depth analysis yielded important insights for continued research using broader research methods.

Keywords: IFRS; business combinations; goodwill; content analysis; annual reports; listed companies (search for similar items in EconPapers)
JEL-codes: G34 M21 M41 (search for similar items in EconPapers)
Date: 2011
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Persistent link: https://EconPapers.repec.org/RePEc:ora:journl:v:1:y:2011:i:1:p:557-593

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