Analisis Dampak Implementasi IFRS 9 Terhadap Penilaian Aset dan Kewajiban Keuangan: Tinjauan dari Perspektif Perusahaan Publik
Abstract
This article aims to analyze the impact of the implementation of International Financial Reporting Standards (IFRS) 9 on the valuation of financial assets and liabilities from the perspective of public companies. The literature review method is employed to gather and analyze various studies and literature related to the implementation of IFRS 9. From the literature review findings, it is revealed that the implementation of IFRS 9 has significant impacts on the valuation of financial assets and liabilities of public companies. Changes in the classification, recognition, and measurement of financial instruments can affect the financial statements and performance of companies. The importance of a deep understanding of this standard increases with the growing complexity of financial instruments. Three relevant keywords in this article are IFRS 9, financial asset valuation, and public companies. This article is expected to provide additional insights to practitioners, regulators, and academics regarding the implications of implementing IFRS 9 in the context of valuing financial assets and liabilities of public companies.
Keywords: IFRS 9, financial asset valuation, public companies.
References
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Tasáryová, K., & Pakšiová, R. (2021). The Impact of Equity Information as An Important Factor in Assessing Business Performance. Information, 12(2), 85. https://doi.org/10.3390/info12020085
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Zhang, J., & Liu, Z. (2023). The Impact of Corporate Social Responsibility on Financial Performance and Brand Value. Sustainability, 15(24), 16864. https://doi.org/10.3390/su152416864
Alsarayreh, T., Altarawneh, M. S., & Eltweri, A. (2022). The Implication of IFRS Financial Instruments Disclosure on Value Relevance. Journal of Risk and Financial Management, 15(10), 478. https://doi.org/10.3390/jrfm15100478
Altarawneh, M. S. (2023). How Company Characteristics Influence Measurement Practices and Disclosure Level Prescribed within IAS 41. Journal of Risk and Financial Management, 16(6), 288. https://doi.org/10.3390/jrfm16060288
Ausloos, M. (2020). Valuation Models Applied to Value-Based Management—Application to the Case of UK Companies with Problems. Forecasting, 2(4), 549-565. https://doi.org/10.3390/forecast2040029
Bhatt, T. K., Ahmed, N., Iqbal, M. B., & Ullah, M. (2023). Examining the Determinants of Credit Risk Management and Their Relationship with the Performance of Commercial Banks in Nepal. Journal of Risk and Financial Management, 16(4), 235. https://doi.org/10.3390/jrfm16040235
Breed, D. G., Hurter, J., Marimo, M., Raletjene, M., Raubenheimer, H., Tomar, V., & Verster, T. (2023). A Forward-Looking IFRS 9 Methodology, Focussing on the Incorporation of Macroeconomic and Macroprudential Information into Expected Credit Loss Calculation. Risks, 11(3), 59. https://doi.org/10.3390/risks11030059
Cheong, H., Kim, B., & Vaquero, I. U. (2023). A Data Valuation Model to Estimate the Investment Value of Platform Companies: Based on Discounted Cash Flow. Journal of Risk and Financial Management, 16(6), 293. https://doi.org/10.3390/jrfm16060293
Cisilino, F., & Licciardo, F. (2022). Potential and Complexity of Implementing Financial Instruments in the Framework of Rural Development Policies in Italy—The Friuli Venezia Giulia Revolving Fund. Sustainability, 14(23), 16090. https://doi.org/10.3390/su142316090
Dudycz, T., & Praźników, J. (2020). Does the Mark-to-Model Fair Value Measure Make Assets Impairment Noisy?: A Literature Review. Sustainability, 12(4), 1504. https://doi.org/10.3390/su12041504
Engelmann, B., & Pham, H. (2020). Measuring the Performance of Bank Loans under Basel II/III and IFRS 9/CECL. Risks, 8(3), 93. https://doi.org/10.3390/risks8030093
Ewanchuk, L., & Frei, C. (2019). Recent Regulation in Credit Risk Management: A Statistical Framework. Risks, 7(2), 40. https://doi.org/10.3390/risks7020040
Ghouma, G., Becha, H., Kalai, M., Helali, K., & Ertz, M. (2023). Do IFRS Disclosure Requirements Reduce the Cost of Equity Capital? Evidence from European Firms. Journal of Risk and Financial Management, 16(8), 374. https://doi.org/10.3390/jrfm16080374
Gonçalves, M. J. A., da Silva, A. C. F., & Ferreira, C. G. (2022). The Future of Accounting: How Will Digital Transformation Impact the Sector? Informatics, 9(1), 19. https://doi.org/10.3390/informatics9010019
Grishunin, S., Suloeva, S., & Burova, E. (2022). Development of Risk Management Mechanism and the System of Risk Metrics to Evaluate and Enhance the Long-Term Orientation of the Strategies of Non-Financial Companies. Risks, 10(9), 182. https://doi.org/10.3390/risks10090182
Han, Y., Pan, C., & Jin, F. (2023). Does the Improvement of the Business Environment Improve the Innovation Efficiency of Enterprises? Evidence from the Listed Companies in China. Sustainability, 15(14), 11424. https://doi.org/10.3390/su151411424
Harinurdin, E. (2022). The Influence of Financial Ratio and Company Reputation on Company Stock Prices Financial Sector. Proceedings, 83(1), 47. https://doi.org/10.3390/proceedings2022083047
Jacobs, M. Jr. (2020). A Holistic Model Validation Framework for Current Expected Credit Loss (CECL) Model Development and Implementation. International Journal of Financial Studies, 8(2), 27. https://doi.org/10.3390/ijfs8020027
Kainth, A., & Wahlstrøm, R. R. (2021). Do IFRS Promote Transparency? Evidence from the Bankruptcy Prediction of Privately Held Swedish and Norwegian Companies. Journal of Risk and Financial Management, 14(3), 123. https://doi.org/10.3390/jrfm14030123
Lisdiono, P., Said, J., Yusoff, H., & Hermawan, A. A. (2022). Examining Leadership Capabilities, Risk Management Practices, and Organizational Resilience: The Case of State-Owned Enterprises in Indonesia. Sustainability, 14(10), 6268. https://doi.org/10.3390/su14106268
Mähönen, J. (2020). Comprehensive Approach to Relevant and Reliable Reporting in Europe: A Dream Impossible? Sustainability, 12(13), 5277. https://doi.org/10.3390/su12135277
Máté, D., Raza, H., & Ahmad, I. (2023). Comparative Analysis of Machine Learning Models for Bankruptcy Prediction in the Context of Pakistani Companies. Risks, 11(10), 176. https://doi.org/10.3390/risks11100176
Meskauskas, Z., & Kazanavicius, E. (2022). About the New Methodology and XAI-Based Software Toolkit for Risk Assessment. Sustainability, 14(9), 5496. https://doi.org/10.3390/su14095496
Miciuła, I., Kadłubek, M., & Stępień, P. (2020). Modern Methods of Business Valuation—Case Study and New Concepts. Sustainability, 12(7), 2699. https://doi.org/10.3390/su12072699
Peng, Y., Ahmad, S. F., Ahmad, A. Y. A. B., Al Shaikh, M. S., Daoud, M. K., & Alhamdi, F. M. H. (2023). Riding the Waves of Artificial Intelligence in Advancing Accounting and Its Implications for Sustainable Development Goals. Sustainability, 15(19), 14165. https://doi.org/10.3390/su151914165
Silva, A. P., Fontes, A., Menezes, C., & Montenegro, T. M. (2023). Transitioning to an IFRS-Based Accounting System: Longitudinal Insights from Practitioners in Portugal. Sustainability, 15(20), 15121. https://doi.org/10.3390/su152015121
Stander, Y. S. (2023). The Governance and Disclosure of IFRS 9 Economic Scenarios. Journal of Risk and Financial Management, 16(1), 47. https://doi.org/10.3390/jrfm16010047
Tasáryová, K., & Pakšiová, R. (2021). The Impact of Equity Information as An Important Factor in Assessing Business Performance. Information, 12(2), 85. https://doi.org/10.3390/info12020085
Verster, T., & Fourie, E. (2023). The Changing Landscape of Financial Credit Risk Models. International Journal of Financial Studies, 11(3), 98. https://doi.org/10.3390/ijfs11030098
Vuković, B., Peštović, K., Mirović, V., Jakšić, D., & Milutinović, S. (2022). The Analysis of Company Growth Determinants Based on Financial Statements of the European Companies. Sustainability, 14(2), 770. https://doi.org/10.3390/su14020770
Zhang, J., & Liu, Z. (2023). The Impact of Corporate Social Responsibility on Financial Performance and Brand Value. Sustainability, 15(24), 16864. https://doi.org/10.3390/su152416864
Published
2024-03-11
Section
Articles
Copyright (c) 2024 Klemens Mere, I Ketut Kusuma Wijaya, Pandu Adi Cakranegara, Agung Nurmansyah, Delfian Zaman
This work is licensed under a Creative Commons Attribution-NonCommercial 4.0 International License.
