Erlend Kvaal

Accounting in Europe Doi: https://doi.org/10.1080/17449480.2023.2253808

This paper discusses several issues that were raised by the International Accounting Standards Board (IASB) in their request for information for the post-implementation review (PIR) of the International Financial Reporting Standard (IFRS) 9: Financial instruments – Classification and Measurement. In doing so, we first review the related academic literature and present empirical evidence on the post-adoption impact of IFRS 9. We then discuss conceptual issues associated with the business model and cash flow characteristics assessment in IFRS 9, as well as issues associated with the presentation of fair value changes in other comprehensive income (OCI) and modifications to contractual cash flows. Finally, we identify gaps in the literature and provide suggestions for future research that can help inform accounting standard setters.

Accounting in Europe 15(2) p. 231-241 Doi: https://doi.org/10.1080/17449480.2018.1473618

In this discussion of Brouwer and Naarding's article ‘Making Deferred Taxes Relevant’, which is published in this issue of Accounting in Europe, I question several aspects of their proposal to change the tax accounting standard. I argue that a quest for more value relevance of individual balance sheet items is not a good guideline for accounting standard setting. The distinction between book-first and tax-first temporary differences may be helpful for some analytical purposes, but it is not sufficiently robust to serve as a basis for an accounting standard. However, I agree with the authors that the efforts to improve IAS 12 should not be abandoned.

Accounting in Europe 14(1-2) p. 150-157 Doi: https://doi.org/10.1080/17449480.2017.1304646

Praktisk Økonomi & Finans 32 [i.e. 33](4) p. 396-414 Doi: https://doi.org/10.18261/issn.1504-2871-2016-04-09

Accounting in Europe 10(2) p. 241-273 Doi: https://doi.org/10.1080/17449480.2013.834733