| Summary: | 碩士 === 靜宜大學 === 會計學系研究所 === 98 === Abstract
The purpose of this study was to examine whether or not recognition and measurement of non-derivative financial assets and financial liabilities applying fair value accounting improves earnings quality. Earnings quality was discussed in terms of four attributes: value relevance, timeliness, predictability and accrual quality. To compare earnings quality in between the pre- and the post-TFAS No. 34 periods, the year 2006 was designated as the clear line. All listed companies except financial institutions were examined. The findings indicate that recognition and measurement of non-derivative financial assets and financial liabilities using fair value accounting significantly improves value relevance and predictability of earings, but have insignificant impact on timeliness and accrual quality of earnings. In sensitivity test, gain/loss on financial assets/liabilities after the TFAS No. 34 being effective has higher timeliness, lower value relevance, and lower predictability than gain/loss on short-term investments prior to the TFAS No.34 being effective. In either the pre- or the post-TFAS No. 34 periods, both gain/loss on short-term investments and gain/loss on financial assets/liabilities have significant influence on accrual qulity.
Keywords： Fair Value, Earnings Quality, Earnings Attributes
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