CHOICE OF INVENTORY ACCOUNTING METHOD UNDER IFRS: AN EMPIRICAL STUDY FROM THE PERSPECTIVE OF POSITIVE ACCOUNTING THEORY

Abstract

This study aims to explore how firm-specific factors influence managers’ choice of inventory accounting methods under International Accounting Standards/International Financial Reporting Standards from a positive accounting theory perspective. A total of 921 companies from 11 different countries are included in the study for the year 2019. Multiple regression analysis is used to test the impact of explanatory variables on the choice of inventory accounting method. The results demonstrate that firm size and capital intensity influence the choice of FIFO negatively, which show that as firm size and capital intensity increases, companies’ tendency to select FIFO decreases, consistent with political-cost hypothesis.

Keywords

• Inventory Method
• FIFO
• Political-Cost Hypothesis
• Positive Accounting Thoery

UFRS’DE STOK DEĞERLEME YÖNTEMİ SEÇİMİ: POZİTİF MUHASEBE TEORİSİ ÇERÇEVESİNDE AMPİRİK BİR ÇALIŞMA

Abstract

Bu çalışmanın amacı, firmaya özgü faktörlerin Uluslararası Muhasebe Standartları/Uluslararası Finansal Raporlama Standartları çerçevesinde stok değerleme yöntemi seçimini nasıl etkilediğini Pozitif Muhasebe Teorisi perspektifi ile açıklamaktır. Bu bağlamda 11 farklı ülkeden 921 işletmenin 2019 mali yılına ait verileri incelenmiştir. Açıklayıcı değişkenlerin stok değerleme yöntemi seçimine etkisini test edebilmek için çoklu regresyon analizi kullanılmıştır. Elde edilen sonuçlara göre işletme büyüklüğü ve duran varlık yoğunluğu FİFO yöntemi seçimini negatif yönde etkilemektedir. Bu sonuçlara göre duran varlık yoğunluğu arttıkça işletmelerin stok değerleme yöntemi olarak FİFO’yu seçme eğilimleri azalmaktadır. Bulunan sonuçlar, Politik Maliyetler Hipotezi ile uyumludur.

Keywords

• Stok Değerleme Yöntemi
• FİFO
• Politik Maliyetler Hipotezi
• Pozitif Muhasebe Teorisi

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