Yes / This paper uses panel cointegration with a corresponding vector error correction model (VECM) to investigate the changes in the value relevance of accounting information before and after the mandatory adoption of IFRS in Germany and the UK under three different valuation models. First, a basic Ohlson model, where our results indicate that despite the value relevance of the book values of equity has declined, it has been replaced by the increasing prominence of earnings in both Germany and the UK after the switch to the IFRS. Second, a modified model, which shows that the incremental value relevance of both earnings and book values are considerably higher in the long term for firms in the UK than in Germany. Third, a simultaneous addition of accounting and macroeconomic variables in an extended model, which indicates a significant rise in the relative predictive power of the book value of equity in the UK compared with the more noticeable impact on the value relevance of earnings in Germany. Collectively, the results of these models indicate that: (i) the explanatory power of linear equity valuation models is higher in UK than in the Germany, (ii) a long-run Granger-causal relationship exists between accounting variables and share prices in common law countries like the UK. Nevertheless, the implications of our findings lie in the knowledge that the potential costs of switching to the IFRS is completely nullified within three years by the benefits arising from a reduction in information asymmetry and earning mismanagement among firms which are listed on the stock exchanges of both common law and code law-based EU countries.

<p>Under de senaste åren har det kommit fram exempel på att den ekonomiska information som företag lämnar ifrån sig inte alltid ger en rättvisande bild av företagets finansiella ställning och framtidsutsikter. Redovisningsskandalerna i Enron, Worldcom och Parmalat är bara några exempel. Som en följd av att finansiella rapporter ofta innehåller förfalskad eller förvanskad information har krav ställts på mer tillförlitlig och jämförlig rapportering.</p><p>Detta har lett till ett behov av en internationell harmonisering av redovisningsreglerna från företagens intressenter, vilka vill ha gemensamma regler för att bland annat kunna göra jämförelser mellan företag från olika länder och branscher och på så sätt fatta välgrundade investeringsbeslut.</p><p>EU har beslutat att alla noterade koncernföretag inom EU från och med 1 januari 2005 är skyldiga att upprätta sin koncernredovisning enligt de internationella redovisningsstandarderna: IFRS. De nya reglernas syfte är att skapa förutsättningar för en integrerad och effektiv kapitalmarknad genom att förbättra jämförbarheten av redovisningshandlingar på den inre marknaden. De nya reglerna ska också skapa förutsättningar för en gemensam redovisningsstandard världen över. I och med att den internationella jämförbarheten ökar genereras mer jämbördiga ”spelregler” i samband med företagsförvärv.</p><p>Syftet med uppsatsen är att, utifrån en illustrativ studie över fem utvalda årsredovisningar från år 2004, se hur företagen valt att förbereda sig inför de nya IFRS-reglerna, samt hur de tillämpas i årsredovisningarna. Vi vill se om redovisningen i det här förberedande läget har blivit mer öppen och upplysande samt om den ger en mer rättvisande bild av företagen.</p><p>I vår slutsats har vi kommit fram till att vi inte anser att redovisningen har blivit öppnare eller mer jämförbar i de studerade företagen efter införandet av IFRS. Detta beror till stor del på att värderingen av företagens tillgångar bygger på företagens egna subjektiva åsikter, vilket gör att de kan styra värderingen och resultatet dit de vill. Detta värderingsproblem tror vi även kommer att finnas i fortsättningen och det gör att korrekt värdering av företaget aldrig riktigt kommer att visas.</p>

Under de senaste åren har det kommit fram exempel på att den ekonomiska information som företag lämnar ifrån sig inte alltid ger en rättvisande bild av företagets finansiella ställning och framtidsutsikter. Redovisningsskandalerna i Enron, Worldcom och Parmalat är bara några exempel. Som en följd av att finansiella rapporter ofta innehåller förfalskad eller förvanskad information har krav ställts på mer tillförlitlig och jämförlig rapportering. Detta har lett till ett behov av en internationell harmonisering av redovisningsreglerna från företagens intressenter, vilka vill ha gemensamma regler för att bland annat kunna göra jämförelser mellan företag från olika länder och branscher och på så sätt fatta välgrundade investeringsbeslut. EU har beslutat att alla noterade koncernföretag inom EU från och med 1 januari 2005 är skyldiga att upprätta sin koncernredovisning enligt de internationella redovisningsstandarderna: IFRS. De nya reglernas syfte är att skapa förutsättningar för en integrerad och effektiv kapitalmarknad genom att förbättra jämförbarheten av redovisningshandlingar på den inre marknaden. De nya reglerna ska också skapa förutsättningar för en gemensam redovisningsstandard världen över. I och med att den internationella jämförbarheten ökar genereras mer jämbördiga ”spelregler” i samband med företagsförvärv. Syftet med uppsatsen är att, utifrån en illustrativ studie över fem utvalda årsredovisningar från år 2004, se hur företagen valt att förbereda sig inför de nya IFRS-reglerna, samt hur de tillämpas i årsredovisningarna. Vi vill se om redovisningen i det här förberedande läget har blivit mer öppen och upplysande samt om den ger en mer rättvisande bild av företagen. I vår slutsats har vi kommit fram till att vi inte anser att redovisningen har blivit öppnare eller mer jämförbar i de studerade företagen efter införandet av IFRS. Detta beror till stor del på att värderingen av företagens tillgångar bygger på företagens egna subjektiva åsikter, vilket gör att de kan styra värderingen och resultatet dit de vill. Detta värderingsproblem tror vi även kommer att finnas i fortsättningen och det gör att korrekt värdering av företaget aldrig riktigt kommer att visas.

Object of the thesis is to define differences in financial reporting according to the Czech Accounting Standards and to the standard file International Financial Reporting Standards and to the International Financial Reporting Standards for Small and Medium-sized Entities and cost accounting and statement of benefits of transition to financial reporting according to the International Financial Reporting Standards for Small and Medium-sized Entities.

Made available in DSpace on 2016-04-25T18:39:39Z (GMT). No. of bitstreams: 1 Luiz Henrique Valerio.pdf: 823907 bytes, checksum: 6ca8bd9d955c007eb4b9b6590f57ee4d (MD5) Previous issue date: 2011-05-30 / The increasing adoption of the international financial reporting standards (IFRS) is the result of changes occurred in the last two decades, economy globalization, and the development of international markets. Due to the increased demand for information that allows foreign investors to compare the results of its investments in several companies of different countries with different standards, the adoption of a single accounting standard, globally accepted, became necessary. The International Accounting Standard Board (IASB) was responsible for the preparation of international standards whose process of convergence is already occurring in over 100 countries worldwide. Brazil, with the enactment of Law 11638/07, effective beginning as of January 1, 2008, and subsequent amendments introduced by Law 11941/09, took an important step in the convergence of its standards with international standards through the creation of the Accounting Pronouncements Committee (CPC), agency responsible for the issuance of accounting pronouncements in accordance with IFRS. IFRS 1, denominated First-Time Adoption, refers to the requirements for the first year the company discloses its financial statements pursuant to local accounting standards and IFRS. Accordingly, the purpose of this study is to verify whether in the air transportation industry, the first-time adoption of IFRS 1 resulted in significant changes in the main financial indicators and which are the impacts of IFRS adoption to the organization as a whole. For this, a research methodology that contemplates the study of an exploratory multiple case with a direct study of the companies information was chosen to characterize it and obtain the required data for the research. The comparative analysis of the financial statements of the companies that are the object of this study and the results obtained from the questionnaire and interviews indicated that financial statements prepared in accordance with IFRS present a higher disclosure level than those financial statements prepared in accordance with BRGAAP. We concluded that the adoption of IFRS impacts not only financial indicators, but several processes and controls of the companies as a whole / A adoção crescente das normas internacionais de contabilidade (IFRS) é o reflexo das mudanças ocorridas nas últimas duas décadas, no processo de globalização da economia e do desenvolvimento dos mercados internacionais. Em função do aumento da demanda por informações, que permitam ao investidor estrangeiro comparar o resultado dos seus investimentos entre empresas de diferentes países e diferentes normas, se fez necessário a adoção de um padrão único de contabilidade aceito mundialmente. O IASB (International Accounting Standard Board) ficou responsável pela elaboração de normas internacionais que já estão em processo de convergência em mais de 100 países em todo o mundo. No Brasil com a publicação da Lei nº 11.638/07, vigorando a partir de 1º de janeiro de 2008 e, posteriormente, com as alterações emanadas da Lei nº 11.941/09, deu-se um importante passo no processo de convergência de suas normas com os padrões internacionais, por meio da criação do Comitê de Pronunciamentos Contábeis (CPC), órgão responsável pela emissão de pronunciamentos contábeis em consonância com as IFRS. A IFRS 1, denominada First-Time Adoption refere se aos requisitos a serem observados no primeiro exercício em que a empresa publica as suas demonstrações financeiras, em norma contábil local e em IFRS. Com esta justificativa, este estudo tem por objetivo verificar se no ramo de transporte aéreo, com a primeira adoção das normas internacionais IFRS 1 First-Time Adoption, houve mudanças significativas, nos principais indicadores econômico-financeiros e quais os impactos da adoção do IFRS para a organização como um todo. Para tanto foi escolhida metodologia de pesquisa que contempla estudo de caso múltiplo exploratório que contempla um estudo direto com as informações das empresas para sua caracterização e obtenção dos dados necessários à pesquisa. A análise comparativa das demonstrações financeiras das empresas objeto deste estudo e dos resultados obtidos pelo questionário e entrevistas apontam que as demonstrações financeiras preparadas de acordo com as IFRS apresentam um nível de divulgação maior quando comparadas com as demonstrações financeiras em BR-GAAP. A conclusão obtida é que o processo de adoção do IFRS gera impactos não só nos indicadores econômico-financeiros, mas também impactos em diversos processos e controles das companhias como um todo

Made available in DSpace on 2016-04-25T18:39:47Z (GMT). No. of bitstreams: 1 Victor Hugo Cesar Bagnati.pdf: 1219433 bytes, checksum: b1d30c6fdd4234bf373df016384348e4 (MD5) Previous issue date: 2012-05-17 / The purpose of this paper is to analyze the changes in IFRS4 as proposed by IASB and to make a contribution in the discussions about the challenges for implementing it in Brazil. An insurance company is a financial entity, picking up, in advance, resources from the public against future guarantee. On the other side, similar risks affecting banks also threatens insurance companies. Due to the role of banking activities in the economy, operational and solvency rules were established for financial entities based on enterprise risk management approach, there are the rules of Basel I and II. Similar requirements guided the insurance market, the so called Solvency I and II. At the same time, international organizations have been up-dating the accounting principles and the financial reports to the new dynamic and new financial instruments, so in 2008, the IASB published the consolidated standards, IFRS, including rules for insurance contracts accounting. Actions already taken and forthcoming are implemented in world scale, no more solely in one country, is the globalization of accounting principles. The implementation of IRFS4 has also other advantages as to facilitate the comparison of financial situation between Brazilian companies and also to other markets. The Brazilian Commissioner SUSEP, had been following the international practice, introducing them, gradually, in the Brazilian Insurance Market. According the opinions of specialist in these matters, recently interviewed, and as result of the interpretation of their comments, the new rules will, no doubt, will impact in company reporting both from the qualitative and quantitative points of view. About the qualitative side, are strong expectations that future financial reports, prepared under new accounting rules allows the users of the information to clearly understand the type of risks underwrites by the entities. While, from the quantitative side, valuation of assets and liabilities, based on concepts of fair value and present value of future cash flows, will impact in the calculation of the net worth, and consequently in the solvency of the entity. If the new accounting rules for insurance contracts issued by SUSEP, following most of the CPC11, demonstrates the difficulties to implement some concepts, as an example, the reporting of reinsurance operations, surely, the phase II of IFRS4 will bring to the market more troubles. On the other side, according the same experts, to achieve satisfactory results it will be necessary that, both actuaries and accountants, working hard together, in order to understand and apply the accounting rules in a correct way / O presente trabalho tem por objetivos analisar a proposta do IASB de alteração do pronunciamento IFRS4 e contribuir para a discussão dos principais desafios para a sua aplicação no Brasil. Uma entidade seguradora é uma instituição financeira, captando recursos dos clientes em troca de uma garantia futura, de modo que, essas entidades estão sujeitas a riscos semelhantes aos que ameaçam os bancos. Devido à importância da atividade bancária na economia foram estabelecidas normas operacionais e de solvência para essas entidades, com foco na gestão de riscos (ERM), são as chamadas regras Basiléia I e II. As seguradoras são alcançadas por regras similares: Solvência I e II. Em paralelo, os órgãos contábeis internacionais foram adaptando os princípios e as demonstrações à nova dinâmica do mercado e aos novos instrumentos financeiros, assim sendo, em 2008, o IASB publica o texto consolidado das IFRS, com regras para contabilização dos contratos de seguros, dentre outros itens. Todas as ações realizadas e as que estão por vir o são em escala mundial, já não mais são exclusivamente de um país ou realizadas de forma isolada: é a globalização da informação contábil. É claro que a adoção pelo Brasil das regras IFRS, facilitará a comparação da situação patrimonial e dos resultados não só entre as entidades locais, como também com outros mercados seguradores. No mercado segurador brasileiro, a Superintendência de Seguros Privados vem acompanhando as normas internacionais, incorporando-as, gradualmente, às práticas locais. Como é evidenciado através da pesquisa realizada, e com mais clareza, pela leitura e interpretação das entrevistas com especialistas nesta matéria, as novas regras terão, sem dúvida, impacto significativo nas demonstrações contábeis tanto do ponto de vista qualitativo quanto do ponto de vista quantitativo. No que diz respeito a qualidade, a expectativa é que as futuras demonstrações contábeis sejam mais esclarecedoras para os usuários dessa informação, no que diz respeito a divulgação dos riscos assumidos pelas entidades. Pelo lado quantitativo, a avaliação dos ativos financeiros e dos passivos da operação, com base no valor justo e o valor presente dos fluxos futuros, impactarão no patrimônio líquido das entidades e consequentemente na determinação da sua solvência. Se a norma contábil da Superintendência, que adota grande parte do pronunciamento CPC nº 11, sobre contratos de seguros, cujo cumprimento é exigido a partir de 2011, mostrou as dificuldades da aplicação de alguns conceitos, como por exemplo, o da apresentação da operação de resseguro, imagina-se que a futura norma, provavelmente bem próxima ao IFRS4 (fase II) vai trazer maiores dificuldades. Entretanto, em opinião dos especialistas que participaram das entrevistas, para alcançar resultados satisfatórios, será necessário que atuários e contadores se preparem de forma coordenada, no intuito de poder interpreta-las e aplica-las corretamente

Cette recherche apporte une contribution à la problématique de l'évaluation économique et comptable des actifs de réserves et de ressources de l'industrie extractive. Elle vise à répondre à la question suivante: Quelles sont les valeurs économiques des réserves et des ressources qui sont appréhendées par la comptabilité d'entreprise et quelles sont, en cas de choix entre plusieurs types de valeurs, les raisons de ces choix?Elle montre dans sa première partie qu'il n'existe qu'une correspondance partielle entre les valeurs économiques et les valeurs comptables, ce qui privilégie la théorie économique néoclassique. Elle montre dans sa deuxième partie que diverses méthodes comptables cohabitent au sein des six pays étudiés en considération des intérêts des entreprises majors et juniors de cette industrie. La troisième partie de la thèse analyse le processus de normalisation de l'IASB et souligne l'influence du pouvoir des majors et l'influence indirecte exercée par les juniors. Cette thèse s'inscrit dans le prolongement de la recherche en comptabilité critique. / This research contributes to the problem of economic and accounting valuation of the assets reserves and resources in the extractive industry. It aims to answer the following question: What are the economic values of reserves and resources that are recognized by corporate accounting and what are, in cas of a choice between several types of values, the reasons for these choices? It shows in the first part there is only partial matching between economic values and accounting values that favors neoclassical economic theory. It shows, in the second part, that different accounting methods coexist in the six countries studied, taking int consideration the interests of majors and juniors companies in this industry. The third part of the thesis analyzes the IASB's standard-setting process and underlines the influence of the majors power and the indirect influence of the juniors. This thesis is a continuation of research in critical accounting. / Esta investigación aporta una contribución a la problemática de la evaluación económica y contable de los activos reservas y recursos de la industria de extracción. Su objetivo es responder a la siguiente pregunta: ¿Cuáles son los valores económicos de las reservas y los recursos que son reconocidos por la contabilidad de empresas y cuáles son, en el caso de escoger entre varios tipos de valores , las razones de estas decisiones? En la primera parte se demuestra que sólo hay correspondencia parcial entre los valores económicos y los valores de contables, lo que favorece la teoría económica neoclásica. En la segunda parte se demuestra que diversos métodos de contabilidad coexisten en los seis países estudiados tomando en cuenta los intereses de las empresas majors y las empresas juniors de esta industria. La tercera parte de la tesis analiza el proceso de normalización del IASB y subraya la influencia del poder de las grandes multinacionales y la influencia indirecta de los juniors. Esta tesis es una continuación de la investigación en contabilidad crítica.

The doctoral thesis examines process of IFRS development, endorsement and enforcement from the perspective of accounting regulation on global scale, identifies nature of IFRS due process in all its phases and compares IFRS due process with accounting regulation in Czech Republic, especially with legislative process of creating Czech accounting legislation. The due process of any accounting rules, whether standards or legislation, determines quality of these rules and consequently also potential level quality of financial statements prepared in accordance with such rules. Process of IFRS development and endorsement is to guarantee quality of standards that are the output of such a process. For global accounting harmonization, which requires transparent, reliable and comparable information in financial reporting across countries of the world, the IFRS due process is essential. The whole process of IFRS development, endorsement and enforcement, which develops IFRS as global accounting standards, also is connected with several obstacles associated to political and social aspects as well as to cultural differentiation. In the thesis the legal systems, as determinants of the nature of accounting regulation, are used for analysis and identification of possible natures of accounting regulation from global perspective. For global accounting regulation it is necessary its acceptance by major interested parties, specification of the range of entities for which it is meaningful and desirable, establishment of an independent, reliable and respected international professional organization in the role of standard-setter and development of a sophisticated, transparent and comprehensive standard setting process. Besides the thorough analysis of particular phases of IFRS due process, the thesis also maps current acceptance of IFRS in the world and describes endorsement process in Europe Union applied for the adoption of IFRS within its area, what provides an integrated view of current evolution in global accounting harmonization. Global accounting regulation, which requires the adoption and application of IFRS in their original range, still faces many obstacles. Less than half countries of G20 (ie 9 countries) requires the use of IFRS in their original form for listed companies. Problem with such acceptance of IFRS especially have the countries with tradition based on Roman law (continental European legal culture), where the creation of rules is exclusive subject to state. Quantitative analysis of IFRS due process performed on three selected projects of IASB agenda is a core of application part of the thesis. On the basis on the timeline the analysis follows particular steps of IFRS due process, especially from the perspective of particular comment periods quantified through the comments received, not only in number but also the composition of comments by geographical region and respondent type. The analysis showed the due process as complicated and time-consuming process leading to global consensus of opinions and also showed the importance of compliance of its complexity, which leads to general agreement on adopted solutions and to global acceptance of these solutions by all of the interested parties. The analysis of IASB due process leads into its comparison with legislative process of creating accounting legislation in Czech Republic. The comparison of both of the processes enables to identify the weaknesses of Czech due process and provides specific recommendations for its improvement and increase efficiency. From the perspective of nature of accounting regulation the delegation of creating accounting rules from the state to the accounting profession is important especially to strengthen the quality, understanding and acceptance of accounting rules, which can be effectively ensured through the due process different from that legislative. The IFRS due process is an inspiration in this case.

Leasing är en populär finansieringsmetod. Redovisningen av leasing har dock kritiserats för att inte redovisa en rättvisande bild. Åtgärder för att försöka förbättra leasingredovisningen var en av de punkter som stod på agendan för IASB och FASB konvergensprojekt. Den främsta kritiken riktas till företag som redovisar under US GAAP där standarden lätt låter sig kringgås. Detta eftersom de medvetet klassificerar leasingavtalen som operationella. De operationella leasingarna ger en missvisande bild eftersom de inte går igenom balansräkningen. Det blir missvisande om de produkter eller tjänster som finansieras genom leasing skapar intäkter för företaget och bör därför ses som en tillgång.Syftet med studien är att föra en fördjupad diskussion kring den kommande leasingstandarden och dess effekt. Eftersom standarden inte ännu införts bidrar studien till ökade kunskaper inom området inför kommande standard. Studien bygger på en kvalitativ ansats med såväl kvantitativ som kvalitativ data. Den omfattar flera olika tillvägagångssätt för information. Empirin behandlar beräkningar på den förväntade effekten av en ny standard samt diskussioner med respondenterna.Resultatet visar på att den nya standarden får en markant påverkan på de företag som har stor andel operationella leasingavtal som redovisar under US GAAP. Det visar även hur nyckeltal som soliditet och skuldsättningsgrad försämras vid en kapitalisering av operationella leasingavtal. Resultat visar på en mer rättvisande bild vid ny leasingsstandard. Däremot kan den rubbas om alternativa finansieringsmetoder uppkommer.Studien behandlar en fördjupad diskussion kring ett mycket omtalat ämne men det var först i januari i år som den nya standarden presenterades. Därför bidrar studien med relevant information om den slutliga produkten av konvergensprojektet för leasing och diskussion kring alternativa finansieringsmöjligheter. / Leasing is a popular financing method and has received a lot of criticism for its accounting because it is not representing a true and fair view. This problem was one of the things on the agenda of the convergence project between IASB and FASB. The prime criticism is aimed for those companies that report under US GAAP where the standard is easy to manipulate by classify the leases as operating. The operating contracts are providing a deceptive picture by avoiding the balance sheet. The reason way this is deceptive are because the leased asset generates income for the company.The purpose of the study is to conduct a deeper discussion about the future leasing standard and its impact. Since the standard has not yet been put into use, the study contributes to increase knowledge in the area for the future standard. The study is based on a qualitative approached with quantitative and qualitative data. Different approached has been considered when collecting empirical data. The empirical data process information about leasing and calculations on the expected impact of the new standard and also discussions with the respondents.The result indicates that the new standard have a significant influence on the companies that have a large proportion of operating leases. The outcome also indicates how the key figures solidity and debt to equity ratio is being impaired through a capitalizing of operating leases. The outcome gives an increased true and fair view of the leasing standard. However financial engineering can disrupt the true and fair view.The study covers a deeper discussion about a controversial subject, but it was not until January this year the standard was publicly presented. The study therefore contributes with relevant information to the final product of the convergence project for leasing and a discussion about alternative financial engineering.This thesis is written in Swedish.

År 2011 drog IASB slutsatsen att föreställningsramen åter borde vara ett prioriterat projekt för revidering. Syftet med denna revidering var att tillhandahålla bättre riktlinjer till standardssättare. Detta mynnade ut i ett ”Exposure Draft” (ED), som IASB publicerade i maj år 2015. Revideringen ledde bland annat fram till ett antal förändringar av olika definitioners innehåll. Studiens problemdiskussion visar att processen att skapa en accepterad föreställningsram är komplex.Syftet med denna studie är att undersöka intressenternas attityd gentemot IASBs revidering av tillgångsdefinitionen i förställningsramen, år 2015 och utreda om attityden skiljer sig mellan olika intressentgrupper samt kulturer för att se om den borde fortsätta revideras.Den 25 januari 2016 hade 241 ”comment letters” publicerats på IASBs hemsida som svar på IASBs ED 2015. Efter bortfall och urval erhöll vi 92 ”comment letters” som behandlads i denna studie. För att utläsa intressenternas åsikter och attityder, avseende tillgångsdefinitionen, valde vi att genomföra en kvalitativ innehållsanalys. Vi antog sedan en abduktiv forskningsansats, som innebär att studien innehåller både deduktiva och induktiva inslag.Studien indikerar att en majoritet av respondenterna delade IASBs uppfattning angående de olika delarna av tillgångsdefinitionen, dock är det endast en minoritet av respondenterna som delar IASBs uppfattning angående samtliga delar av tillgångsdefinitionen. Detta innebär att de flesta intressenter motsatte sig någon del av definitionen. Den främsta kritiken är att revideringen medför att fler osäkra tillgångar kan recogniseras i balansräkningen. Det förekommer också en avsaknad av riktlinjer kring vissa delar av tillgångsdefinitionen.Vår slutsats är att det förekommer skillnader mellan intressenternas attityder och att detta i vissa fall är kopplat till deras ekonomiska intresse. Studien indikerar även att det finns en marginell skillnad mellan de olika kulturområdena (African East, Anglo, Asian-Colonial, Germanic, Less developed Asian, More developed Asian, More developed Latin och Nordic). En majoritet av respondenterna inom de studerade kulturområdena innehar ett optimistiskt synsätt gentemot tillgångsdefinitionen vilket står i kontrast till tidigare forskning. Utifrån denna slutsats så anser vi att tillgångsdefinitionen borde fortsätta revideras för att skapa klarare riktlinjer. / In the year of 2011, IASB came to the conclusion to once again revise their Conceptual Framework. The purpose of this revision was to create clearer guidelines for the standard setters. The revision led to an Exposure Draft (ED) that IASB published in May of 2015. The result of the revision was a number of propositions that IASB announced in the ED. The process of creating an accepted framework is complex, which is shown in the problem discussion of this study.The purpose of this study is to examine the stakeholders' attitude towards IASB's revision of the asset definition, year 2015, and examine whether the attitude is different between different stakeholders and cultural areas to see if a new revision should be required.IASBs website had 241 comment letters available on January 25, 2016 as a response on the ED. These were examined and a defined selection was made which reduced the number of comment letter to 92. To identify the stakeholders' opinions and attitudes towards the revised asset definition, a qualitative content analysis was made. An abductive research approach was used, which means that the study contains both deductive and inductive elements.A majority of the respondents directed criticism towards some parts of the asset definition. This indicates that a majority of the respondents are critical towards IASB’s asset definition as a whole. The main criticism towards the revision involved a concern that more uncertain asset could be recognized in the balance sheet, which would lead to a decreased relevance in the financial reports. The respondents also expressed that the revised asset definition have an absence of guidelines on some parts of the definition.The conclusion of this study is that it exist some differences between stakeholders' attitudes which in some cases can be linked towards their economic interest. The study also indicates that it exist a marginal difference between different areas of culture (African East, Anglo, Asian-Colonial, Germanic, Less developed Asian, More developed Asian, More developed Latin och Nordic) and that the areas hold a more optimistic view in contrast to previous research. From this conclusion we argue that the asset definition one again should be revised, with clearer guidelines.This essay will be written in Swedish