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| Author: | Tarca, A. (et al.) |
| Title: | Identifying decision useful information with the matrix format income statement |
| Journal: | Journal of international financial management & accounting
2008 : SUMMER, VOL. 19:2, p. 184-217 |
| Index terms: | accounting standards financial statements information |
| Language: | eng |
| Abstract: | An experiment is conducted to explore the potential benefits of an alternative format for the income statement (hereafter as: i-stmt.), that is, the matrix format which is initially developed by the International Accounting Standards Board (IASB) and the U.K. ASB. Two groups of financial statement (here as: f-stmt./f-stmts.) users, that is i. financial analysts and professional accountants and ii. MBA students, were asked to extract information from a set of f-stmts. including an i-stmt. either in the format of IAS-1 or in the one of matrix. Among others, it is found that the matrix format improves the accuracy with which users extract financial information. This result is driven by greater accuracy, for all user groups, on 'below-the-line' items. |
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