Two academic studies sponsored by EFRAG and ICAS
27 Jan 2023
The European Financial Reporting Advisory Group (EFRAG) and the Institute of Chartered Accountants of Scotland (ICAS) have jointly sponsored two academic studies, one on intangibles and one on discounting.
The study Do companies disclose relevant information about intangibles? – Insights from business model reporting and risk reporting investigates the role of intellectual capital in the value creation process and provides a baseline in intangibles reporting for a sample of intellectual capital intensive high-tech companies. It can be downloaded here from the EFRAG website.
The study The Theory and Practice of Discounting in Financial Reporting under IFRS notes the different discounting objectives and theoretical bases in different IFRSs and looks at:
- the underlying rationale for the different approaches in each IFRS;
- the economic consequences of the different approaches used; and
- where appropriate, alternative methods that may be applicable.
It can be downloaded here from the EFRAG website.
