存貨財會準則公報修訂對財報價值攸關性之影響

Abstract

本研究旨在探討2009年1月1日起適用之財務會計準則第十號公報之修正，是否影響財務報表之價值攸關性。實證樣本包含實施公報前（2004年至2007年）與實施公報後（2009年至2012年）之所有一般產業之上市與上櫃公司共6,944筆觀察值。實證結果發現，實施新公報後，因銷貨成本包含銷售商品成本以外之其他資訊，使損益表相關資訊之價值攸關性下降，整體之財報價值攸關性也下降。亦即新公報之規範下，投資人被損益科目分類所影響，而無法作出適當之調整。

This research basically focuses on exploring the effect of SFAS No.10 (the Inventories) revised at 2009/01/01 (hereafter, new SFAS No.10) on the value-relevance of the profit or loss accounts classification. The empirical sample consists of 6,944 firm-year observations for firms listed on the Taiwan Security Exchange Corporation and GreTai Securities Market in Taiwan during 2004 to 2012. The empirical result shows: Because cost of goods sold includes other information, the new SFAS No.10 declines the value-relevance of the cost of goods sold. The investors cannot make the appropriate adjustments, affected by the profit and loss account classification.