存貨財會準則公報修訂對財報價值攸關性之影響
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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.
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.