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Accounting for joint ventures and associates in Canada, UK, and US: do US rules hide information?

Soonawalla, Kazbi (2006) Accounting for joint ventures and associates in Canada, UK, and US: do US rules hide information? Journal of Business Finance and Accounting, 33 (3-4). pp. 395-417. ISSN 1468-5957

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Abstract

Unlike US GAAP, accounting principles in Canada and the UK require disclosure of disaggregated components of joint ventures and associates. Using comparative analysis of Canadian, UK and US data, this study investigates the potential loss of forecasting and valuation relevant information from aggregating joint venture and associate accounting amounts. Findings show that aggregating joint venture and associate investment numbers, and aggregating joint venture revenues and expenses, each leads to loss of forecasting and valuation relevant information. Thus, current US accounting principles likely mask information that financial statement users could use to predict future earnings and explain share prices.

Item Type: Article
Official URL: http://www.blackwell-synergy.com/loi/jbfa
Additional Information: © 2006 Blackwell Publishing
Library of Congress subject classification: H Social Sciences > HF Commerce > HF5601 Accounting
Sets: Departments > Accounting and Finance
Rights: http://www.lse.ac.uk/library/usingTheLibrary/academicSupport/OA/depositYourResearch.aspx
Date Deposited: 23 Jan 2008
URL: http://eprints.lse.ac.uk/3048/

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