| Summary: | 碩士 === 國立臺北大學 === 會計學系 === 97 === Financial Accounting Practices Committee of Accounting Research and Development Foundation in Taiwan released on Nov. 29, 2007 a revised Financial Accounting Practices Statement No.10,“The Accounting for Inventory”and are applicable for financial statements of fiscal year ended on and after Dec.31, 2007, but earlier application is not prevented. The implementation of this Statement will match further the financial accounting practices of Taiwan with the international practices. It helps to reflect the operation reality in financial status of business and increase the transparency of financial statements. Since the Revised Statement No.10 made major amendment to the measuring and evaluation of inventory, it is quite an impact on the book values of assets and accounting and earning of a business. Yet, there are still business entities chose to early application of the Revised No.10 Statement. This study is to study the characteristics of the companies chose to early application of the Revised No.10 Statement, so as to find out the major factors in early application, so that the users of financial statement may be guided or warned in the implementation of similar financial accounting practices statements.
This research took 1,204 companies with stocks traded publicly or over the counter (up to end of 2008) as samples and with Logistic Regression Analysis and from the perspectives of Dividend Plan Hypothesis, Liability Contract Provisions Hypothesis and Political Cost Hypothesis as proposed in Positive Accounting Theory of Watts and Zimmerman (1986), to discuss the connection between the independent variables like Management Shareholding Ratio, Take Great Bath and Earning Stabilization, Company Scale, Liability Ratio, 3 Major Institution Shareholding Ratio, Independent Director / Supervisor Percentage and CPA Firm Scale with the decision of early application of Revised No.10 Statement of the managements. However, none of the empirical results of the Logistic Regression Analysis is significant.
The research also made further discussion by dividing the samples into Information / Electronic and Non-Information / Electronics in their early application of Revised No.10 Statement. The empirical results of the hypothesis are all not significant.
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