Résultat et performance financière en normes IFRS: Quel est le contenu informatif du Comprehensive Income ?

Olivier Ramond (), Jean-Francois Casta () and Laurent Batsch
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Olivier Ramond: DRM - Dauphine Recherches en Management - Université Paris Dauphine-PSL - PSL - Université Paris Sciences et Lettres - CNRS - Centre National de la Recherche Scientifique

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Abstract: In 2003, the IASB and the US FASB formed a Joint International Group (JIG) whose objective was to carry out a project originally untitled "Performance Reporting" establishing new international financial reporting standards for performance reporting. By envisaging the use of a comprehensive income (CI) item similar to the one reported under US GAAPs, the current debate surrounding this project is slowly deviating from its technical premises to the more fundamental issue related to accounting income usefulness. In this article, we investigate whether the focus on a CI item is legitimate regarding the IASB informational criteria. Using a dataset made of French and UK listed companies over the pre-(1993-2004) and post-(2005) IFRS compliance period, we examine the value-relevance and usefulness of three summary income measures (i.e. operating, net and comprehensive income) and bring evidence that (1) they are all associated with share return, (2) net income dominates CI at an aggregate level and (3) OCI provide incremental information beyond net income.

Keywords: Dirty surplus flow; Summary income measures; Value-relevance; IASB/FASB "Performance Reporting" project.; IFRS; Résultat global; comprehensive income; dirty surplus; résultat net; reporting de la performance; degré de pertinence; projet Performance Reporting de l'IASB-FASB.; projet Performance Reporting de l'IASB-FASB (search for similar items in EconPapers)
Date: 2007-12
Note: View the original document on HAL open archive server: https://shs.hal.science/halshs-00165038v1
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Published in Comptabilité Contrôle Audit / Accounting Auditing Control, 2007, Numéro Spécial 2007 : Normes IFRS, p. 129-154

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Persistent link: https://EconPapers.repec.org/RePEc:hal:journl:halshs-00165038

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