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Sample records for ifr electrorefining process

  1. IFR electrorefining process

    Kim, S. B.

    1997-01-01

    A metallic fuel alloy, which is a key element of the IFR fuel cycle, permits the use of pyrochemical processing of the spent fuel. Electrorefining with molten salt electrolytes is a key step in the pyroprocess because the actinides are recovered, separated from the fission products present in the spent fuel in this operation and then recycled for use as fuel. Chemical and electrochemical aspects of the electrorefining method is to be described. (author)

  2. Recovery of UO[sub 2]/PuO[sub 2] in IFR electrorefining process

    Tomczuk, Z.; Miller, W.E.

    1994-10-18

    A process is described for converting PuO[sub 2] and UO[sub 2] present in an electrorefiner to the chlorides, by contacting the PuO[sub 2] and UO[sub 2] with Li metal in the presence of an alkali metal chloride salt substantially free of rare earth and actinide chlorides for a time and at a temperature sufficient to convert the UO[sub 2] and PuO[sub 2] to metals while converting Li metal to Li[sub 2]O. Li[sub 2]O is removed either by reducing with rare earth metals or by providing an oxygen electrode for transporting O[sub 2] out of the electrorefiner and a cathode, and thereafter applying an emf to the electrorefiner electrodes sufficient to cause the Li[sub 2]O to disassociate to O[sub 2] and Li metal but insufficient to decompose the alkali metal chloride salt. The U and Pu and excess lithium are then converted to chlorides by reaction with CdCl[sub 2].

  3. Continuous process electrorefiner

    Herceg, Joseph E [Naperville, IL; Saiveau, James G [Hickory Hills, IL; Krajtl, Lubomir [Woodridge, IL

    2006-08-29

    A new device is provided for the electrorefining of uranium in spent metallic nuclear fuels by the separation of unreacted zirconium, noble metal fission products, transuranic elements, and uranium from spent fuel rods. The process comprises an electrorefiner cell. The cell includes a drum-shaped cathode horizontally immersed about half-way into an electrolyte salt bath. A conveyor belt comprising segmented perforated metal plates transports spent fuel into the salt bath. The anode comprises the conveyor belt, the containment vessel, and the spent fuel. Uranium and transuranic elements such as plutonium (Pu) are oxidized at the anode, and, subsequently, the uranium is reduced to uranium metal at the cathode. A mechanical cutter above the surface of the salt bath removes the deposited uranium metal from the cathode.

  4. Advanced Electrorefining Process at KAERI

    Hansoo Lee; Jong Hyun Lee; Sung Bin Park; Yoon Sang Lee; Eung Ho Kim; Sung Won Park

    2008-01-01

    In order to enhance the throughput of a pyro-processing in which electrochemical processes are mostly engaged, the design of a continuous concept is required. The graphite cathode in the electro-refiner enables the uranium deposit on the cathodes to be stripped off spontaneously, resulting in a continuous reaction. The collected uranium deposits at the bottom of the inner cone of the reactor are transferred by a conveyor. The residuals in the anode basket after the uranium is depleted are noble metals. These are also collected at the bottom of the outer shell of the reactor, and conveyed from the reactor for a further treatment. This work addresses the design of the electro-refiner for a continuous operation. The behavior of particles such as uranium dendrites or noble metals was analyzed to achieve the proper operating conditions. The operating conditions for the cathode processor in which molten salt is distilled were also investigated. (authors)

  5. Process to remove rare earth from IFR electrolyte

    Ackerman, J.P.; Johnson, T.R.

    1994-01-01

    The invention is a process for the removal of rare earths from molten chloride electrolyte salts used in the reprocessing of integrated fast reactor fuel (IFR). The process can be used either continuously during normal operation of the electrorefiner or as a batch process. The process consists of first separating the actinide values from the salt before purification by removal of the rare earths. After replacement of the actinides removed in the first step, the now-purified salt electrolyte has the same uranium and plutonium concentration and ratio as when the salt was removed from the electrorefiner. 1 fig

  6. Numerical simulation of minor actinide recovery behaviour in batch processing of spent metallic fuel by electrorefining

    Nawada, H P; Bhat, N P [Metallurgy Division, Indira Gandhi Centre for Atomic Research, Kalpakkam (India); Balasubramanian, G R [Atomic Energy Commission, Mumbai (India)

    1994-06-01

    Numerical simulation of electro-transport of fuel actinides (FAs), minor actinides (MAs) and rare earths (REs) in the electro-refiner (ER) for pyrochemical reprocessing of a typical spent IFR metallic fuel has been attempted based on improved thermo-chemical model developed for application to multi-component system in the ER. Optimization of MA recovery and decontamination factors (DFs) for MAs and REs in batch processing is presented. (author). 7 refs., 4 figs., 1 tab.

  7. Structural evaluation in the design of electrorefiner

    Wu, T.S.; Blomquist, C.A.; Herceg, J.E.

    1995-01-01

    The electrorefiner (ER) is one piece of the process equipment for the Integral Fast Reactor (IFR) program. The ER's principal function is to perform the pyrochemical and electrochemical refining of spent and experimental fuel elements. Its principal components include a primary vessel, a heater assembly, a support-structure assembly, a cover assembly, four electrode assemblies, four elevator and rotator assemblies, and a cover-gas system. In addition, there are various miscellaneous tools and fixtures. The electrorefiner is to be installed within an existing enclosed cell. Design requirements dictate that all equipment within the cell should not be anchored. To assess the integrity of the electrorefiner during operational and seismic loads, extensive structural analyses have been performed. This paper presents some of the major structural evaluations for the electrorefiner and its auxiliary equipment. Results show that the design code requirements are satisfied, and the integrity of the electrorefiner will not be jeopardized during operational and seismic loadings

  8. Structural evaluation in the design of electrorefiner

    Wu, Ting-shu; Blomquist, C.A.; Herceg, J.E.

    1995-01-01

    The electrorefiner is one piece of the process equipment for the Integral Fast Reactor (IFR) program. Its principal components include a primary vessel, a heater assembly, a support-structure assembly, a cover assembly, four electrode assemblies, four elevator and rotator assemblies, and a cover-gas system. In addition, there are various miscellaneous tools and fixtures. The electrorefiner is to be installed within an existing enclosed cell. Design requirements dictate that all equipment within the cell should not be anchored. To assess the integrity of the electrorefiner during operational and seismic loads, extensive structural analyses have been performed. This paper presents some of the major structural evaluations for the electrorefiner and its auxiliary equipment. Results show that the design code requirements are satisfied, and the integrity of the electrorefiner will not be jeopardized during operational and seismic loadings

  9. Partitioning of actinides and fission products using molten salt electrorefining process

    Barbero, Jose A.; Wiesztort, Andres; Azcona, Alejandra; Bollini, Edgardo; Forchetti, Alberto; Orce, Alan

    1999-01-01

    Electrorefining is the key step of pyrometallurgical processing for separating actinides from fission products. In this work, the electrorefining process is carried out in a electrorefining cell that contains molten salts (49% LiCl- 51% KCL) floating on a liquid cadmium. The cell is operated under an inert atmosphere at 500 degree C. In this work we describe in detail the construction of the cell and the way of operation

  10. Estimation of zirconium in various process streams in molten salt electrorefining process

    Suganthi, S.; Vandarkuzhali, S.; Venkatesh, P.; Prabhakara Reddy, B.; Nagarajan, K.

    2012-01-01

    Molten salt electrorefining process is a non-aqueous pyrochemical process suitable for reprocessing spent metallic fuel. In this process the spent fuel is taken at the anode and the fuel elements are selectively electrotransported to a suitable cathode (either a solid steel cathode or liquid cadmium cathode) using molten LiCl-KCI as electrolyte. We have demonstrated electrorefining of UZr alloy at engineering scale level. 1 Kg U-6%Zr alloy was taken at the anode and pure uranium was recovered at a steel cathode using molten LiCIKCI-5%UCI 3 as electrolyte at 773 K. In this paper we present the method of dissolution, sample preparation and estimation of zirconium in various process streams in the electrorefining experiments carried out in our laboratory

  11. IFR fuel cycle

    Battles, J.E.; Miller, W.E.; Lineberry, M.J.; Phipps, R.D.

    1992-01-01

    The next major milestone of the IFR program is engineering-scale demonstration of the pyroprocess fuel cycle. The EBR-II Fuel Cycle Facility has just entered a startup phase, which includes completion of facility modifications and installation and cold checkout of process equipment. This paper reviews the development of the electrorefining pyroprocess, the design and construction of the facility for the hot demonstration, the design and fabrication of the equipment, and the schedule and initial plan for its operation

  12. Simulation of electrorefining process using time-dependent multi-component electrochemical model: REFIN

    Park, Byung Gi; Hwang, Il Soon [Seoul National Univ., Seoul (Korea, Republic of)

    1999-10-01

    REFIN model is applied to analyze a series of experiments that had been conducted by Tomczuk, et al. at Argonne National Laboratory (ANL) in the U.S.A.. Predicted results from REFIN model for the electrorefining experiment are compared with the published experimental results. It is demonstrated that REFIN model can predict faradic current of each element and electrochemical potential as a function of time over the entire campaign of the electrorefining experiment. The elemental concentration changes agree with the experimental results well. Elemental concentration changes during an open-circuit equilibration period are revealed to suggest that the electrorefining process could not be adequately described by the equilibrium model often applied for an electrode surface. Surface potential drop is changed according to equilibrium potential of chemical species with high activity in liquid metal.

  13. The IFR process: beyond the specialist workshop | Louw | African ...

    The process of determining Instream Flow Requirements (IFRs) has been well developed to the point at which an IFR table which quantifies the temporal distribution of discharge, upon which the modified flow regime is based, is produced. During the last three years, the process has been further developed by linking the ...

  14. Salt separation of uranium deposits generated from electrorefining in pyro process

    Kwon, S. W.; Park, K. M.; Jeong, J. H.; Lee, H. S.; Kim, J. G.

    2012-01-01

    Electrorefining is a key step in a pyro processing. Electrorefining process is generally composed of two recovery steps- deposit of uranium onto a solid cathode(electrorefining) and then the recovery of the remaining uranium and TRU(TransUranic) elements simultaneously by a liquid cadmium cathode(electrowinning). The uranium ingot is prepared from the deposits after the salt separation. In this study, the sequential operation of the liquid salt separation? distillation of the residual salt was attempted for the achievement of high throughput performance in the salt separation. The effects of deposit size and packing density were also investigated with steel chips, steel chips, and uranium dendrites. The apparent evaporation rate decreased with the increasing packing density or the increasing size of deposits due to the hindrance of the vapor transport by the deposits. It was found that the packing density and the geometry of deposit crucible are important design parameters for the salt separation system. Base on the results of the study, an engineering scale salt distiller was developed and installed in the argon cell. The salt distiller is a batch-type, and the process capacity to about 50 kg U-deposits/day. The design of the salt distiller is based on the remote operation by Master Slave Manipulator (MSM) and a hoist. The salt distiller is composed of two large blocks of the distillation tower and the crucible loading system for the transportation to maintenance room via the Large Transfer Lock (LTL)

  15. Salt separation of uranium deposits generated from electrorefining in pyro process

    Kwon, S. W.; Park, K. M.; Jeong, J. H.; Lee, H. S.; Kim, J. G. [Korea Atomic Energy Research Institute, Daejeon (Korea, Republic of)

    2012-03-15

    Electrorefining is a key step in a pyro processing. Electrorefining process is generally composed of two recovery steps- deposit of uranium onto a solid cathode(electrorefining) and then the recovery of the remaining uranium and TRU(TransUranic) elements simultaneously by a liquid cadmium cathode(electrowinning). The uranium ingot is prepared from the deposits after the salt separation. In this study, the sequential operation of the liquid salt separation? distillation of the residual salt was attempted for the achievement of high throughput performance in the salt separation. The effects of deposit size and packing density were also investigated with steel chips, steel chips, and uranium dendrites. The apparent evaporation rate decreased with the increasing packing density or the increasing size of deposits due to the hindrance of the vapor transport by the deposits. It was found that the packing density and the geometry of deposit crucible are important design parameters for the salt separation system. Base on the results of the study, an engineering scale salt distiller was developed and installed in the argon cell. The salt distiller is a batch-type, and the process capacity to about 50 kg U-deposits/day. The design of the salt distiller is based on the remote operation by Master Slave Manipulator (MSM) and a hoist. The salt distiller is composed of two large blocks of the distillation tower and the crucible loading system for the transportation to maintenance room via the Large Transfer Lock (LTL)

  16. Simulated real-time process monitoring of a molten salt electrorefiner

    Rappleye, Devin; Simpson, Michael; Cumberland, Riley; McNelis, David; Yim, Man-Sung

    2014-01-01

    Highlights: • An alternative approach to safeguarding and monitoring pyroprocessing is proposed. • Possible signals to be used to monitor an electrorefiner are identified. • An inverse model was developed to determine deposition rates at the cathode. • The sensitivity of certain parameters in the inverse model are presented. - Abstract: An alternative approach to monitoring the pyrochemical process (pyroprocessing) for spent nuclear fuel treatment is proposed and examined. This approach relies on modeling and the real-time analysis of process readings. Using an electrorefiner model, named ERAD, cathode potential and cell current were identified as useful process readings. To provide a real-time analysis of these two process readings, an inverse model was developed based on fundamental electrochemical relations. The model was applied to the following operating modes: pure uranium deposition, co-deposition of uranium and plutonium, and co-deposition of uranium and zirconium. Using the cell current and cathode potential, the model predicted which species were depositing and their rates. The deposition rates predicted by the inverse model compared favorably to those calculated by ERAD

  17. The application of electrorefining for recovery and purification of fuel discharged from the Integral Fast Reactor

    Burris, L.; Steunenberg, R.K.; Miller, W.E.

    1986-01-01

    An electrorefining process employing a molten salt electrolyte and a molten cadmium anode is proposed for the separation of uranium and plutonium from fission products and cladding material in discharged IFR driver fuel. The use of a liquid cadmium anode, which is the unique feature of the process, permits selective dissolution of the fuel from the cladding and prevents electrolytic corrosion of the steel container and contamination of the product by noble metal fission products

  18. The application of electrorefining for recovery and purification of fuel discharged from the Integral Fast Reactor

    Burris, L.; Steunenberg, R.K.; Miller, W.E.

    1986-01-01

    An electrorefining process employing a molten salt electrolyte and a molten cadmium anode is proposed for the separation of uranium and plutonium from fission products and cladding material in discharged IFR driver fuel. The use of a liquid cadmium anode, which is the unique feature of the process, permits selective dissolution of the fuel from the cladding and prevents electrolytic corrosion of the steel container and contamination of the product by noble metal fission products.

  19. Electrorefining cell evaluation

    Bronson, M.C.; Thomas, R.L. (ed.)

    1989-04-14

    Operational characteristics of the LANL electrorefining cell, a modified LANL electrorefining cell, and an advanced electrorefining cell (known as the CRAC cell) were determined. Average process yields achieved were: 75% for the LANL cell, 82% for the modified LANL cell, and 86% for the CRAC cell. All product metal from the LANL and modified LANL cells was within foundry specifications. Metal from one run in the CRAC cell exceeded foundry specifications for tantalum. The LANL and modified LANL cells were simple in design and operation, but product separation was more labor intensive than with the CRAC cell. The CRAC cell was more complicated in design but remained relatively simple in operation. A decision analysis concluded that the modified LANL cell was the preferred cell. It was recommended that the modified LANL cell be implemented by the Plutonium Recovery Project at Rocky Flats and that development of the CRAC cell continue. 8 refs., 22 figs., 12 tabs.

  20. Development of IFR pyroprocessing technology

    Laidler, J.J.; Battles, J.E.; Miller, W.E.; Gay, E.C.

    1993-01-01

    A metallic fuel alloy, nominally U-20Pu-10Zr, is the key element of the IFR fuel cycle. This metallic fuel permits the use of an innovative reprocessing method, known as ''pyoprocessing,'' featuring fused-salt electrorefining of the spent fuel. Electrorefining separates the actinide elements from fission products, without producing a separate stream of plutonium. The fuel product is contaminated with the higher actinides and with a minor amount of rare earth fission products, making it self-protecting and thus diversion-resistant while still perfectly suitable as a fuel material in the fast spectrum of the IFR core

  1. Development of system analysis code for pyrochemical process using molten salt electrorefining

    Tozawa, K.; Matsumoto, T.; Kakehi, I.

    2000-04-01

    This report describes accomplishment of development of a cathode processor calculation code to simulate the mass and heat transfer phenomena with the distillation process and development of an analytical model for cooling behavior of the pyrochemical process cell on personal computers. The pyrochemical process using molten salt electrorefining would introduce new technologies for new fuels of particle oxide, particle nitride and metallic fuels. The cathode processor calculation code with distillation process was developed. A code validation calculation has been conducted on the basic of the benchmark problem for natural convection in a square cavity. Results by using the present code agreed well for the velocity-temperature fields, the maximum velocity and its location with the benchmark solution published in a paper. The functions have been added to advance the reality in simulation and to increase the efficiency in utilization. The test run has been conducted using the code with the above modification for an axisymmetric enclosed vessel simulating a cathode processor, and the capability of the distillation process simulation with the code has been confirmed. An analytical model for cooling behavior of the pyrochemical process cell was developed. The analytical model was selected by comparing benchmark analysis with detailed analysis on engineering workstation. Flow and temperature distributions were confirmed by the result of steady state analysis. In the result of transient cooling analysis, an initial transient peak of temperature occurred at balanced heat condition in the steady-state analysis. Final gas temperature distribution was dependent on gas circulation flow in transient condition. Then there were different final gas temperature distributions on the basis of the result of steady-state analysis. This phenomenon has a potential for it's own metastable condition. Therefore it was necessary to design gas cooling flow pattern without cooling gas circulation

  2. IFR fuel cycle process equipment design environment and objectives

    Rigg, R.H.

    1993-01-01

    Argonne National laboratory (ANL) is refurbishing the hot cell facility originally constructed with the EBR-II reactor. When refurbishment is complete, the facility win demonstrate the complete fuel cycle for current generation high burnup metallic fuel elements. These are sodium bonded, stainless steel clad fuel pins of U-Zr or U-Pu-Zr composition typical of the fuel type proposed for a future Integral Fast Reactor (IFR) design. To the extent possible, the process equipment is being built at full commercial scale, and the facility is being modified to incorporate current DOE facility design requirements and modem remote maintenance principles. The current regulatory and safety environment has affected the design of the fuel fabrication equipment, most of which will be described in greater detail in subsequent papers in this session

  3. Criticality safety evaluation of the fuel cycle facility electrorefiner

    Lell, R.M.; Mariani, R.D.; Fujita, E.K.; Benedict, R.W.; Turski, R.B.

    1993-01-01

    The integral Fast Reactor (IFR) being developed by Argonne National Laboratory (ANL) combines the advantages of metal-fueled, liquid-metal cooled reactors and a closed-loop fuel cycle. Some of the primary advantages are passive safety for the reactor and resistance to diversion for the heavy metal in the fuel cycle. in addition, the IFR pyroprocess recycles all the long-lived actinide activation products for casting into new fuel pins so that they may be burned in the reactor. A key component in the Fuel Cycle Facility (FCF) recycling process is the electrorefiner (ER) in which the actinides are separated from the fission products. In the process, the metal fuel is electrochemically dissolved into a high-temperature molten salt, and electrorefined uranium or uranium/plutonium products are deposited at cathodes. This report addresses the new and innovative aspects of the criticality analysis ensuing from processing metallic fuel, rather than metal oxide fuel, and from processing the spent fuel in batch operations. in particular, the criticality analysis employed a mechanistic approach as opposed to a probabilistic one. A probabilistic approach was unsuitable because of a lack of operational experience with some of the processes, rendering the estimation of accident event risk factors difficult. The criticality analysis also incorporated the uncertainties in heavy metal content attending the process items by defining normal operations envelopes (NOES) for key process parameters. The goal was to show that reasonable process uncertainties would be demonstrably safe toward criticality for continuous batch operations provided the key process parameters stayed within their NOES. Consequently the NOEs became the point of departure for accident events in the criticality analysis

  4. Retrieving Historical Electrorefining Data

    Wheeler, Meagan Daniella [Los Alamos National Lab. (LANL), Los Alamos, NM (United States)

    2017-08-18

    Pyrochemical Operations began at Los Alamos National Laboratory (LANL) during 1962 (1). Electrorefining (ER) has been implemented as a routine process since the 1980’s. The process data that went through the ER operation was recorded but had never been logged in an online database. Without a database new staff members are hindered in their work by the lack of information. To combat the issue a database in Access was created to collect the historical data. The years from 2000 onward were entered and queries were created to analyze trends. These trends will aid engineering and operations staff to reach optimal performance for the startup of the new lines.

  5. Update on development of the IFR pyroprocess

    Burris, L.; Miller, W.E.; Gay, E.C.; Ackerman, J.P.; Tomczuk, Z.; Herceg, J.E.; Kann, W.J.

    1988-01-01

    A pyrochemical process is under development for recovering and recycling fuel discharged from the integral fast reactor (IFR). In the past year, two major changes have been made in this process. First, the halide slagging step previously used for concentrating plutonium bred in the blanket has been eliminated, not because it did not work but because the same purpose can be achieved by electrorefining. The current flow sheet is shown. Now, all of the necessary separations are achieved by electrorefining alone. Second, to make the electrorefining operations sufficiently flexible to provide the necessary separations while accommodating a range of feed compositions, two types of cathodes are employed. One is used for selective removal of uranium for recycle as blanket material, and the other is used for removal of a uranium-plutonium product for recycle as core material. Computer codes based on thermodynamic models have been developed to predict the fate of product elements (uranium and plutonium) and fission products. These show that high recovery of uranium and plutonium and adequate removal of fission products are achievable

  6. Evaluation of the electrorefining technique for the processing of radioactive scrap metals

    Kessinger, G.F.

    1993-10-01

    This report presents the results of a literature study performed to identify applications of the electrorefining technique to the decontamination of radioactively-contaminated scrap metal (RSM). Upon the completion of the literature search and the review of numerous references, it was concluded that there were applications of this technique that were appropriate for the decontamination of some types of RSM, especially when the desired product is a pure elemental metal of high purity. It was also concluded that this technique was not well-suited for the decontamination of RSM stainless steels and other alloys, when it was desired that the metallurgical characteristics of the alloy be present in the decontaminated product.

  7. Evaluation of the electrorefining technique for the processing of radioactive scrap metals

    Kessinger, G.F.

    1993-10-01

    This report presents the results of a literature study performed to identify applications of the electrorefining technique to the decontamination of radioactively-contaminated scrap metal (RSM). Upon the completion of the literature search and the review of numerous references, it was concluded that there were applications of this technique that were appropriate for the decontamination of some types of RSM, especially when the desired product is a pure elemental metal of high purity. It was also concluded that this technique was not well-suited for the decontamination of RSM stainless steels and other alloys, when it was desired that the metallurgical characteristics of the alloy be present in the decontaminated product

  8. A study of the morphological aspects of the indium electrorefining process

    PERICA PAUNOVIC

    2001-12-01

    Full Text Available The cathodic deposition of In was performed under conditions suitable for electrorefining purposes. The main goal of the study was: i to determine the possibilities for In ultrapurification through multiple electrorefining with controlled parameters and ii to study the regularities of the morphology of the In deposit as influenced by the electrodeposition conditions. Without application of special high purity techniques, it was possible to obtain an In purity level of 99.997 %, by repeating the refining procedure in a set of modular electrolysis cells with forced electrolyte circulation and applying modified current regimes. Irregular (non planparallel migration of indium from the anode to the cathode and vice versa, as well as dendrite formation at the edges of the electrode prevented further repetition necessary for the achievment of higher purification levels. This provoked the need to study the morphology of the In-deposits. The phenomena and some regularities of In nucleation and grain growth, as influenced by the applied overpotential and quantity of current passed through the cell, were studied. Electrodeposition was performed onto a stationary Pt-electrode from a mixed sulfate–chloride solution. SEM with magnification up to 1000 × was used to identify the morphology of the deposits. Granular grains were dominant at overpotentials of 85 and 110 mV, while at 160 and 185 mV, needle-like and nonbranched dendrites were visible. The deposit became less compact as its thickness advanced. The apparent thickness of the In layer increased from 20–25 to 320–380 mm when the amount of charge was increased from 1 to 10 mA h cm-2.

  9. Small-scale irradiated fuel electrorefining

    Benedict, R.W.; Krsul, J.R.; Mariani, R.D.; Park, K.; Teske, G.M.

    1993-01-01

    In support of the metallic fuel cycle development for the Integral Fast Reactor (IFR), a small scale electrorefiner was built and operated in the Hot Fuel Examination Facility (HFEF) at Argonne National Laboratory-West. The initial purpose of this apparatus was to test the single segment dissolution of irradiated metallic fuel via either direct dissolution in cadmium or anodic dissolution. These tests showed that 99.95% of the uranium and 99.99% of the plutonium was dissolved and separated from the fuel cladding material. The fate of various fission products was also measured. After the dissolution experiments, the apparatus was upgraded to stady fission product behavior during uranium electrotransport. Preliminary decontamination factors were estimated for different fission products under different processing conditions. Later modifications have added the following capabilities: Dissolution of multiple fuel segments simultaneously, electrotransport to a solid cathode or liquid cathode and actinide recovery with a chemical reduction crucible. These capabilities have been tested with unirradiated uranium-zirconium fuel and will support the Fuel Cycle Demonstration program

  10. Recycle of LWR actinides to an IFR

    Pierce, R.D.; Ackerman, J.P.; Johnson, G.K.; Mulcahey, T.P.; Poa, D.S.

    1991-01-01

    Large quantities of actinide elements are present in irradiated light water reactor fuel that is stored throughout the world. Because of the high fission to capture ratio for the transuranium (TRU) elements with the high energy neutrons in metal-fueled integral fast reactors (IFR), that reactor can consume these elements effectively. The stored fuel may represent valuable resource for the expanding application of fast power reactors. In addition, the removal of TRU elements from spent LWR fuel has the potential for increasing the capacity of high level waste facilities by reducing the heat load and may increase the margin of safety in meeting licensing requirement. Argonne National Laboratory is developing a pyrochemical process, which is compatible with the IFR fuel cycle for the recovery of TRU elements from LWR fuel. The proposed product is a metallic actinide ingot, which can be introduced into the electrorefining step of the IFR process. Two pyrochemical processes, that is, salt transport process and blanket processing study, are discussed in this paper. Also the experimental studies are reported. (K.I.)

  11. Safety analysis of IFR fuel processing in the Argonne National Laboratory Fuel Cycle Facility

    Charak, I; Pedersen, D.R.; Forrester, R.J.; Phipps, R.D.

    1993-01-01

    The Integral Fast Reactor (IFR) concept developed by Argonne National Laboratory (ANL) includes on-site processing and recycling of discharged core and blanket fuel materials. The process is being demonstrated in the Fuel Cycle Facility (FCF) at ANL's Idaho site. This paper describes the safety analyses that were performed in support of the FCF program; the resulting safety analysis report was the vehicle used to secure authorization to operate the facility and carry out the program, which is now under way. This work also provided some insights into safety-related issues of a commercial IFR fuel processing facility. These are also discussed

  12. The IFR pyroprocessing for high-level waste minimization

    Laidler, J.J.

    1993-01-01

    The process developed for the recycle of integral fast reactor (IFR) spent fuel utilizes a combination of pyrometallurgical and electrochemical methods and has been termed pyroprocessing. The process has been operated at full scale with simulated spent fuel using nonradioactive fission product elements. A comprehensive demonstration of the pyroprocessing of irradiated IFR fuel will begin later this year. Pyroprocessing involves the anodic dissolution of all the constituent elements of the IFR spent fuel and controlled electrotransport (electrorefining) to separate the actinide elements from the fission products present in the spent fuel. The process be applied to the processing of spent light water reactor (LWR) fuel as well, requiring only the addition of a reduction step to convert the LWR fuel as well, requiring only the addition of a reduction step to convert the LWR oxide fuel to metallic form and a separation step to separate uranium from the transuranic (TRU) elements. The TRU elements are then recovered by electroefining in the same manner as the actinides from the IFR high-level wastes arising from pyroprocessing are virtually free of actinides, and the volume of the wastes is minimized by the intrinsic characteristics of the processing of the processing method

  13. Electrorefining open-quotes Nclose quotes reactor fuel

    Gay, E.C.; Miller, W.E.

    1995-01-01

    Principles of purifying of uranium metal by electrorefining are reviewed. Metal reactor fuel after irradiation is a form of impure uranium. Dissolution and deposition electrorefining processes were developed for spent metal fuel under the Integral Fast Reactor Program. Application of these processes to the conditioning of spent N-reactor fuel slugs is examined

  14. Actinide recycle potential in the Integral Fast Reactor (IFR) fuel cycle

    Chang, Y.I.; Till, C.E.

    1990-01-01

    In the Integral Fast Reactor (IFR) development program, the entire reactor system -- reactor, fuel cycle, and waste process is being developed and optimized at the same time as a single integral entity. The use of metallic fuel in the IFR allows a radically improved fuel cycle technology. Pyroprocessing, which utilizes high temperatures and molten salt and molten metal solvents, can be advantageously utilized for processing metal fuels because the product is metal suitable for fabrication into new fuel elements. The key step in the IFR process is electrorefining, which provides for recovery of the valuable fuel constituents, uranium and plutonium, and for removal of fission products. In the electrorefining operation, uranium and plutonium are selectively transported from an anode to a cathode, leaving impurity elements, mainly fission products, either in the anode compartment or in a molten salt electrolyte. A notable feature of the IFR process is that the actinide elements accompany plutonium through the process. This results in a major advantage in the high-level waste management, because these actinides are automatically recycled back into the reactor for in-situ burning. Based on the recent IFR process development, a preliminary assessment has also been made to investigate the feasibility of further adapting the pyrochemical processes to directly extract actinides from LWR spent fuel. The results of this assessment indicate very promising potential and two most promising flowsheet options have been identified for further research and development. This paper also summarizes current thinking on the rationale for actinide recycle, its ramifications on the geologic repository and the current high-level waste management plans, and the necessary development programs. 5 refs., 4 figs., 4 tabs

  15. IFR fuel cycle--pyroprocess development

    Laidler, J.J.; Miller, W.E.; Johnson, T.R.; Ackerman, J.P.; Battles, J.E.

    1992-01-01

    The Integral Fast Reactor (IFR) fuel cycle is based on the use of a metallic fuel alloy, with nominal composition U-2OPu-lOZr. In its present state of development, this fuel system offers excellent high-burnup capabilities. Test fuel has been carried to burnups in excess of 20 atom % in EBR-II irradiations, and to peak burnups over 15 atom % in FFTF. The metallic fuel possesses physical characteristics, in particular very high thermal conductivity, that facilitate a high degree of passive inherent safety in the IFR design. The fuel has been shown to provide very large margins to failure in overpower transient events. Rapid overpower transient tests carried out in the TREAT reactor have shown the capability to withstand up to 400% overpower conditions before failing. An operational transient test conducted in EBR-II at a power ramp rate of 0.1% per second reached its termination point of 130% of normal power without any fuel failures. The IFR metallic fuel also exhibits superior compatibility with the liquid sodium coolant. Equally as important as the performance advantages offered by the use of metallic fuel is the fact that this fuel system permits the use of an innovative reprocessing method, known as ''pyroprocessing,'' featuring fused-salt electrorefining of the spent fuel. Development of the IFR pyroprocess has been underway at the Argonne National Laboratory for over five years, and great progress has been made toward establishing a commercially-viable process. Pyroprocessing offers a simple, compact means for closure of the fuel cycle, with anticipated significant savings in fuel cycle costs

  16. Analysis of IFR samples at ANL-E

    Bowers, D.L.; Sabau, C.S.

    1993-01-01

    The Analytical Chemistry Laboratory analyzes a variety of samples submitted by the different research groups within IFR. This talk describes the analytical work on samples generated by the Plutonium Electrorefiner, Large Scale Electrorefiner and Waste Treatment Studies. The majority of these samples contain Transuranics and necessitate facilities that safely contain these radioisotopes. Details such as: sample receiving, dissolution techniques, chemical separations, Instrumentation used, reporting of results are discussed. The Importance of Interactions between customer and analytical personnel Is also demonstrated

  17. Experimental observations to the electrical field for electrorefining of spent nuclear fuel in the Mark-IV electrorefiner

    Li, S. X.

    1998-01-01

    Experimental results from the pilot scale electrorefiner (Mark-IV ER) treating spent nuclear fuel are reported in this article. The electrorefining processes were carried out in a LiCl-KCl-UCl 3 electrolyte. It has been noted that spool of molten cadmium below the electrolyte plays an important role in the electrorefining operations. In addition, formations of electrical shorting path between anode baskets and the electrorefiner vessel were observed, which lessened the uranium dissolution process from anode baskets, however appeared to improve the morphology of cathode deposit. The FIDAP simulation code was used to calculate the electrical potential field distributions and the potential gradient near the cathode. The effect of the electrical shorting between anode baskets and electrorefiner vessel on the morphology of cathode products is discussed

  18. Fuel conditioning facility electrorefiner volume calibration

    Bucher, R.G.; Orechwa, Y.

    1995-01-01

    In one of the electrometallurgical process steps of the Fuel Conditioning Facility (FCF), die in-process nuclear material is dissolved in the electrorefiner tank in an upper layer of a mixture of liquid LiCl-KCl salt and a lower layer of liquid cadmium. The electrorefiner tank, as most process tanks, is not a smooth right-circular cylinder for which a single linear volume calibration curve could be fitted over the whole height of the tank. Rather, the tank contains many internal components, which cause systematic deviations from a single linear function. The nominal operating temperature of the electrorefiner is 500 degrees C although the salt and cadmium are introduced at 410 degrees C. The operating materials and temperatures preclude multiple calibration runs at operating conditions. In order to maximize the calibration information, multiple calibration runs were performed with water at room temperature. These data allow identification of calibration segments, and preliminary estimation of the calibration function and calibration uncertainties. The final calibration function is based on a combination of data from die water calibrations and the measurements made during the filling of the electrorefiner with salt and cadmium for operation

  19. Expected behavior of plutonium in the IFR fuel cycle

    Steunenberg, R.K.; Johnson, I.

    1985-01-01

    The Integral Fast Reactor (IFR) is a metal-fueled, sodium-cooled reactor that will consist initially of a U-Zr alloy core in which the enriched uranium will be replaced gradually by plutonium bred in a uranium blanket. The plutonium is concentrated to the required level by extraction from the molten blanket material with a CaCl 2 -BaCl 2 salt containing MgCl 2 as an oxidant (halide slagging). The CaCl 2 -BaCl 2 salt containing dissolved PuCl 3 and UCl 3 is added to the core process where fission products are removed by electrorefining, using a liquid cadmium anode, a metal cathode, and a LiCl-NaCl-CaCl 2 -BaCl 2 molten salt electrolyte. The product is recovered as a metallic deposit on the cathode. The halide slagging step is operated at about 1250 0 and the electrorefining step at about 450 0 C. These processes are expected to give low fission-product decontamination factors of the order of 100

  20. Treatment of wastes in the Integral Fast Reactor (IFR) fuel cycle

    Ackerman, J.P.; Johnson, T.R.; Chow, L.S.H.; Carls, E.L.; Hannum, W.H.; Laidler, J.J.

    1997-01-01

    In both the reactor portion and the fuel-cycle portion of the Integral Fast Reactor (IFR), handling, treatment and disposal of wastes are simpler than in current fuel cycles. The vast majority (> 99.9%) of the very-long-lived radioactive TRU elements are not sent to the repository; rather, they are recycled. High-level waste volume from the IFR process (called ''the pyroprocess'') is lower than that from either the direct disposal of spent fuel or from conventional PUREX-type reprocessing. The quantity of low-level waste is very low. In the pyroprocess, the actinides are recovered and separated from the bulk of the fission products by an electrorefining step wherein the actinides are electrotransported from chopped fuel elements and deposited at cathodes. The volatile fission products xenon, krypton, and tritium are collected for long-term storage and decay. Zirconium and the ''noble metal'' fission products (those that are less easily oxidized than zirconium) remain in the anode compartment, to be removed with the fuel cladding fragments and made into a metal waste form. The remaining fission products collect in the salt as chlorides. A process has been developed to periodically remove the contaminated salt from the electrorefiner, separate most of the fission products, and return the purified salt in a form that is ready for continuing use. To clean up the electrorefiner salt, the fission products are removed by ion exchange onto a column of Zeolite A. After the purification step, the column material and the contained fission products are converted to a mineral waste form for disposal. The processes and equipment for waste isolation and conversion to suitable disposal forms are described in this paper. (author)

  1. Six-kilogram-scale electrorefining of plutonium metal

    Mullins, L.J.; Morgan, A.N.; Apgar, S.A. III; Christensen, D.C.

    1982-09-01

    The electrorefining of metallic plutonium scrap to produce high purity metal has been an established procedure at Los Alamos since 1964. This is a batch process and was limited to 4-kg plutonium because of criticality safety considerations. Improvements in critical mass measurements have permitted us to develop a process for 6-kg plutonium. The 6-kg process is now operational. The increased size of the process, together with other improvements which have been made, makes plutonium electrorefining the principal industrial tool for processing and purifying metallic plutonium scrap

  2. Mixing time study to select suitable stirrer for electrorefiner. Contributed Paper RD-03

    Agarwal, Sourabh; Mythili, M; Joseph, Joby; Nandakumar, V.; Muralidharan, B.; Padmakumar, G.; Rajan, K.K.

    2014-01-01

    Pyro-processing is an alternative to conventional methods of aqueous reprocessing of nuclear fuels. Electrorefining is an important process step in pyro-processing, carried out in a high temperature molten salt bath in an Electrorefiner. The recovery of actinides from the spent fuels has to be high. One of the methods to achieve this is to ensure proper mixing of the molten salt in the electrorefiner. The optimum design of the stirrer should ensure efficient mixing with minimum mixing time. Studies have been carried out in an engineering scale model of the electrorefiner to study the mixing phenomena. This paper brings outs the series of experiments conducted on an ambient temperature electrorefiner to select a suitable stirrer. (author)

  3. Modelling the effect of temperature and free acid, silver, copper and lead concentrations on silver electrorefining electrolyte conductivity

    Aji, Arif T.; Kalliomäki, Taina; Wilson, Benjamin P.; Aromaa, Jari; Lundström, Mari

    2016-01-01

    Conductivity is one of the key physico-chemical properties of electrolyte in silver electrorefining since it affects the energy consumption of the process. As electrorefining process development trends towards high current density operation, having electrolytes with high conductivities will greatly reduce the energy consumption of the process. This study outlines investigations into silver electrorefining electrolyte conductivity as a function of silver, free acid, copper and lead concentrati...

  4. Proposed high throughput electrorefining treatment for spent N- Reactor fuel

    Gay, E.C.; Miller, W.E.; Laidler, J.J.

    1996-01-01

    A high-throughput electrorefining process is being adapted to treat spent N-Reactor fuel for ultimate disposal in a geologic repository. Anodic dissolution tests were made with unirradiated N-Reactor fuel to determine the type of fragmentation necessary to provide fuel segments suitable for this process. Based on these tests, a conceptual design was produced of a plant-scale electrorefiner. In this design, the diameter of an electrode assembly is about 1.07 m (42 in.). Three of these assemblies in an electrorefiner would accommodate a 3-metric-ton batch of N-Reactor fuel that would be processed at a rate of 42 kg of uranium per hour

  5. Fuel conditioning facility electrorefiner cadmium vapor trap operation

    Vaden, D. E.

    1998-01-01

    Processing sodium-bonded spent nuclear fuel at the Fuel Conditioning Facility at Argonne National Laboratory-West involves an electrometallurgical process employing a molten LiCl-KCl salt covering a pool of molten cadmium. Previous research has shown that the cadmium dissolves in the salt as a gas, diffuses through the salt layer and vaporizes at the salt surface. This cadmium vapor condenses on cool surfaces, causing equipment operation and handling problems. Using a cadmium vapor trap to condense the cadmium vapors and reflux them back to the electrorefiner has mitigated equipment problems and improved electrorefiner operations

  6. Recycle of LWR [Light Water Reactor] actinides to an IFR [Integral Fast Reactor

    Pierce, R.D.; Ackerman, J.P.; Johnson, G.K.; Mulcahey, T.P.; Poa, D.S.

    1991-01-01

    A large quantity of actinide elements is present in irradiated Light Water Reactor (LWR) fuel that is stored throughout the world. Because of the high fission-to-capture ratio for the transuranium (TRU) elements with the high-energy neutrons in the metal-fueled Integral Fast Reactor (IFR), that reactor can consume these elements effectively. The stored fuel represents a valuable resource for an expanding application of fast power reactors. In addition, removal of the TRU elements from the spent LWR fuel has the potential for increasing the capacity of a high-level waste facility by reducing the heat loads and increasing the margin of safety in meeting licensing requirements. Argonne National Laboratory (ANL) is developing a pyrochemical process, which is compatible with the IFR fuel cycle, for the recovery of TRU elements from LWR fuel. The proposed product is a metallic actinide ingot, which can be introduced into the electrorefining step of the IFR process. The major objective of the LWR fuel recovery process is high TRU element recovery, with decontamination a secondary issue, because fission product removal is accomplished in the IFR process. The extensive pyrochemical processing studies of the 1960s and 1970s provide a basis for the design of possible processes. Two processes were selected for laboratory-scale investigation. One is based on the Salt Transport Process studied at ANL for mixed-oxide fast reactor fuel, and the other is based on the blanket processing studies done for ANL's second Experimental Breeder Reactor (EBR-2). This paper discusses the two processes and is a status report on the experimental studies. 5 refs., 2 figs., 2 tabs

  7. Proposed pyrometallurgical process for rapid recycle of discharged fuel materials from the integral fast reactor

    Burris, L.; Steindler, M.; Miller, W.

    1984-01-01

    The pool-type Integral Fast Reactor (IFR) concept developed by Argonne National Laboratory includes on-site recycle of discharged core and blanket fuel materials. The process and fabrication steps will be demonstrated in the EBR-II Fuel Cycle Facility with IFR fuel irradiated in EBR-II and the Fast Flux Test Facility. The proposed process consists of two major steps: a halide slagging step and an electrorefining step. The fuel is maintained in the metallic form to yield directly a metal product sufficiently decontaminated to allow recycle to the reactor as new fuel. The process is further described and available information to support its feasibility is presented

  8. A proposed pyrometallurgical process for rapid recycle of discharged fuel materials from the Integral Fast Reactor

    Burris, L.; Steindler, M.; Miller, W.

    1984-01-01

    The Integral Fast Reactor (IFR) concept developed by Argonne National Laboratory includes on-site recycle of discharged core and blanket fuel materials. The process and fabrication steps will be demonstrated in the EBR-II Fuel Cycle Facility with IFR fuel irradiated in EBR-II and the Fast Flux Test Facility. The proposed process consists of two major steps -- a halide slagging step and an electrorefining step. The fuel is maintained in the metallic form to yield directly a metal product sufficiently decontaminated to allow recycle to the reactor as new fuel. The process is further described and available information to support its feasibility is presented

  9. Defining a metal-based waste form for IFR pyroprocessing wastes

    McDeavitt, S.M.; Park, J.Y.; Ackerman, J.P.

    1994-01-01

    Pyrochemical electrorefining to recover actinides from metal nuclear fuel is a key element of the Integral Fast Reactor (IFR) fuel cycle. The process separates the radioactive fission products from the long-lived actinides in a molten LiCl-KCl salt, and it generates a lower waste volume with significantly less long-term toxicity as compared to spent nuclear fuel. The process waste forms include a mineral-based waste form that will contain fission products removed from an electrolyte salt and a metal-based waste form that will contain metallic fission products and the fuel cladding and process materials. Two concepts for the metal-based waste form are being investigated: (1) encapsulating the metal constituents in a Cu-Al alloy and (2) alloying the metal constituents into a uniform stainless steel-based waste form. Results are given from our recent studies of these two concepts

  10. Review of operating experience at the Los Alamos Plutonium Electrorefining Facility, 1963-1977

    Mullins, L.J.; Morgan, A.N.

    1981-12-01

    This report reviews the operation of the Los Alamos Plutonium Electrorefining Plant at Technical Area 21 for the period 1964 through 1977. During that period, approximately 1568 kg of plutonium metal, > 99.95% pure, was produced in 653 runs from 1930 kg of metal fabrication scrap, 99% pure. General considerations of the electrorefining process and facility operation and recommendations for further improvement of the process are discussed

  11. Experimental Studies of the Effects of Anode Composition and Process Parameters on Anode Slime Adhesion and Cathode Copper Purity by Performing Copper Electrorefining in a Pilot-Scale Cell

    Zeng, Weizhi; Wang, Shijie; Free, Michael L.

    2016-10-01

    Copper electrorefining tests were conducted in a pilot-scale cell under commercial tankhouse environment to study the effects of anode compositions, current density, cathode blank width, and flow rate on anode slime behavior and cathode copper purity. Three different types of anodes (high, mid, and low impurity levels) were used in the tests and were analyzed under SEM/EDS. The harvested copper cathodes were weighed and analyzed for impurities concentrations using DC Arc. The adhered slimes and released slimes were collected, weighed, and analyzed for compositions using ICP. It was shown that the lead-to-arsenic ratio in the anodes affects the sintering and coalescence of slime particles. High current density condition can improve anode slime adhesion and cathode purity by intensifying slime particles' coalescence and dissolving part of the particles. Wide cathode blanks can raise the anodic current densities significantly and result in massive release of large slime particle aggregates, which are not likely to contaminate the cathode copper. Low flow rate can cause anode passivation and increase local temperatures in front of the anode, which leads to very intense sintering and coalescence of slime particles. The results and analyses of the tests present potential solutions for industrial copper electrorefining process.

  12. Development of Computational Models for Pyrochemical Electrorefiners of Nuclear Waste Transmutation Systems

    Kim, K. R.; Lee, H. S.; Hwang, I. S.

    2010-12-01

    The objective of this project is to develop multi-dimensional computational models in order to improve the operation of uranium electrorefiners currently used in pyroprocessing technology. These 2-D (US) and 3-D (ROK) mathematical models are based on the fundamental physical and chemical properties of the electrorefiner processes. The validated models by compiled and evaluated experimental data could provide better information for developing advanced electrorefiners for uranium recovery. The research results in this period are as follows: - Successfully assessed a common computational platform for the modeling work and identify spatial characterization requirements. - Successfully developed a 3-D electro-fluid dynamic electrorefiner model. - Successfully validated and benchmarked the two multi-dimensional models with compiled experimental data sets

  13. Implementace IFRS ve Velké Británii

    Mac, Petr

    2009-01-01

    This thesis aims to describe the system of financial reporting in the UK, certain aspects of the preparatory phase of the IFRS implementation process, main problems related to the implementation and impact of IFRS implementation on british companies.

  14. Plant-scale anodic dissolution of unirradiated IFR fuel pins

    Gay, E.C.; Tomczuk, Z.; Miller, W.E.

    1993-01-01

    This report discusses anodic dissolution which is a major operation in the pyrometallurgical process for recycling spent metal fuels from the Integral Fast Reactor (IFR), an advanced reactor design developed at Argonne National Laboratory. This process involves electrorefining the heavy metals (uranium and plutonium) from chopped, steel-clad fuel segments. The heavy metals are electrotransported from anodic dissolution baskets to solid and liquid cathodes in a molten salt electrolyte (LiCl-KCI) at 500 degrees C. Uranium is recovered on a solid cathode mandrel, while a uranium-plutonium mixture is recovered in a liquid cadmium cathode. The anode configuration consists of four baskets mounted on an anode shaft. These baskets provide parallel circuits in the electrolyte and salt flow through the chopped fuelbed as the baskets are rotated. The baskets for the engineering-scale tests were sized to contain up to 2.5 kg of heavy metal. Anodic dissolution of 10 kg batches of chopped, steel-clad simulated tuel (U-10% Zr and U-Zr-Fs alloy) was demonstrated

  15. EXPERIENTIAL LEARNING IN INTRODUCING IFRS AT UNIVERSITIES IN INDONESIA

    Andian Ari Istiningrum

    2012-04-01

    Full Text Available Abstract: Experiential Learning in Introducing IFRS at Universities in Indonesia. The purpose of this study is to find the appropriate learning model for accounting learning process at universities in Indonesia due to the process of convergence to IFRS that has already occurred in Indonesia. The study is conducted by reviewing, analyzing and evaluating the effects and solutions of convergence to IFRS in other countries that have already implemented IFRS. All possible accounting learning method offered by accounting lecturers in other countries are evaluated in order to find the solution that is appropriate with condition faced by Indonesian universities. The results are as follow: (i convergence to IFRS requires that accounting learning process should underline the use of more principle-base standard, professional judgment, fair value measurement and collaboration with other professions. (ii experiential learning through case study can be used to generate knowledge and skills of IFRS.   Keywords: IFRS, accounting learning process, experiential learning, case study   Abstrak:  Experiential Learning untuk Mengenalkan IFRS di Universitas-universitas di Indonesia. Tujuan dari kajian ini adalah untuk menemukan solusi dari permasalahan terkait dengan pembelajaran akuntansi berbasis IFRS dan mengevaluasi beberapa solusi yang bisa digunakan untuk mengintegrasikan IFRS dalam kurikulum akuntansi di perguruan tinggi Indonesia. Studi ini dilaksanakan dengan melakukan reviu, analisis dan evaluasi terhadap model pembelajaran akuntansi berbasis IFRS pada negara lain yang terlebih dahulu telah mengimplementasikan IFRS. Berbagai model pembelajaran dari negara lain akan dievaluasi sehingga ditemukan model pembelajaran akuntansi yang paling tepat untuk digunakan dalam pembelajaran IFRS di Indonesia. Studi ini memberikan hasil sebagai berikut: (i Konvergensi IFRS menimbulkan perubahan pembelajaran akuntansi di mana pembelajaran harus memfokuskan diri pada

  16. Treatment of high-level wastes from the IFR fuel cycle

    Johnson, T.R.; Lewis, M.A.; Newman, A.E.; Laidler, J.J.

    1992-01-01

    The Integral Fast Reactor (IFR) is being developed as a future commercial power source that promises to have important advantages over present reactors, including improved resource conservation and waste management. The spent metal alloy fuels from an IFR will be processed in an electrochemical cell operating at 500 degree C with a molten chloride salt electrolyte and cadmium metal anode. After the actinides have been recovered from several batches of core and blanket fuels, the salt cadmium in this electrorefiner will be treated to separate fission products from residual transuranic elements. This treatment produces a waste salt that contains the alkali metal, alkaline earth, and halide fission products; some of the rare earths; and less than 100 nCi/g of alpha activity. The treated metal wastes contain the rest of the fission products (except T, Kr, and Xe) small amounts of uranium, and only trace amounts of transuranic elements. The current concept for the salt waste form is an aluminosilicate matrix, and the concept for the metal waste form is a corrosion-resistant metal alloy. The processes and equipment being developed to treat and immobilize the salt and metal wastes are described

  17. Treatment of high-level wastes from the IFR fuel cycle

    Johnson, T.R.; Lewis, M.A.; Newman, A.E.; Laidler, J.J.

    1992-01-01

    The Integral Fast Reactor (IFR) is being developed as a future commercial power source that promises to have important advantages over present reactors, including improved resource conservation and waste management. The spent metal alloy fuels from an IFR will be processed in an electrochemical cell operating at 500{degree}C with a molten chloride salt electrolyte and cadmium metal anode. After the actinides have been recovered from several batches of core and blanket fuels, the salt cadmium in this electrorefiner will be treated to separate fission products from residual transuranic elements. This treatment produces a waste salt that contains the alkali metal, alkaline earth, and halide fission products; some of the rare earths; and less than 100 nCi/g of alpha activity. The treated metal wastes contain the rest of the fission products (except T, Kr, and Xe) small amounts of uranium, and only trace amounts of transuranic elements. The current concept for the salt waste form is an aluminosilicate matrix, and the concept for the metal waste form is a corrosion-resistant metal alloy. The processes and equipment being developed to treat and immobilize the salt and metal wastes are described.

  18. Treatment of high-level wastes from the IFR fuel cycle

    Johnson, T.R.; Lewis, M.A.; Newman, A.E.; Laidler, J.J.

    1992-08-01

    The Integral Fast Reactor (IFR) is being developed as a future commercial power source that promises to have important advantages over present reactors, including improved resource conservation and waste management. The spent metal alloy fuels from an IFR will be processed in an electrochemical cell operating at 500{degree}C with a molten chloride salt electrolyte and cadmium metal anode. After the actinides have been recovered from several batches of core and blanket fuels, the salt cadmium in this electrorefiner will be treated to separate fission products from residual transuranic elements. This treatment produces a waste salt that contains the alkali metal, alkaline earth, and halide fission products; some of the rare earths; and less than 100 nCi/g of alpha activity. The treated metal wastes contain the rest of the fission products (except T, Kr, and Xe) small amounts of uranium, and only trace amounts of transuranic elements. The current concept for the salt waste form is an aluminosilicate matrix, and the concept for the metal waste form is a corrosion-resistant metal alloy. The processes and equipment being developed to treat and immobilize the salt and metal wastes are described.

  19. Actinide separation by electrorefining

    Fusselman, S.P.; Gay, R.L.; Grantham, L.F.; Grimmett, D.L.; Roy, J.J.; Inoue, T.; Hijikata, T.; Krueger, C.L.; Storvick, T.S.; Takahashi, N.

    1995-01-01

    TRUMP-S is a pyrochemical process being developed for the recovery of actinides from PUREX wastes. This paper describes development of the electrochemical partitioning step for recovery of actinides in the TRUMP-S process. The objectives are to remove 99 % of each actinide from PUREX wastes, with a product that is > 90 % actinides. Laboratory tests indicate that > 99 % of actinides can be removed in the electrochemical partitioning step. A dynamic (not equilibrium) process model predicts that 90 wt % product actinide content can be achieved through 99 % actinide removal. Accuracy of model simulation results were confirmed in tests with rare earths. (authors)

  20. EXPERIENTIAL LEARNING IN INTRODUCING IFRS AT UNIVERSITIES IN INDONESIA

    Andian Ari Istiningrum

    2012-01-01

    Abstract: Experiential Learning in Introducing IFRS at Universities in Indonesia. The purpose of this study is to find the appropriate learning model for accounting learning process at universities in Indonesia due to the process of convergence to IFRS that has already occurred in Indonesia. The study is conducted by reviewing, analyzing and evaluating the effects and solutions of convergence to IFRS in other countries that have already implemented IFRS. All possible accounting learning metho...

  1. IFRS 1 - První přijetí Mezinárodních standardů účetního výkaznictví

    Šindelářová, Lucie

    2008-01-01

    This thesis describes First-time Adoption of IFRS. An entity shall apply IFRS 1. It states integration of accounting systems, substantiality of IFRS 1, process of first-time adoption of IFRS and practically example.

  2. Effects of operating conditions on molten-salt electrorefining for zirconium recovery from irradiated Zircaloy-4 cladding of pressurized water reactor

    Park, Jaeyeong, E-mail: d486916@snu.ac.kr [Department of Nuclear Engineering, Seoul National University, 1 Gwanak-ro, Gwanak-gu, Seoul 151-742 (Korea, Republic of); Choi, Sungyeol [Korea Atomic Energy Research Institute, 1045 Daedeok-daero, Yuseong-gu, Daejeon 305-353 (Korea, Republic of); Sohn, Sungjune [Department of Nuclear Engineering, Seoul National University, 1 Gwanak-ro, Gwanak-gu, Seoul 151-742 (Korea, Republic of); Kim, Kwang-Rag [Korea Atomic Energy Research Institute, 1045 Daedeok-daero, Yuseong-gu, Daejeon 305-353 (Korea, Republic of); Hwang, Il Soon [Department of Nuclear Engineering, Seoul National University, 1 Gwanak-ro, Gwanak-gu, Seoul 151-742 (Korea, Republic of)

    2014-08-15

    Highlights: • Computational simulation on electrorefining of irradiated Zircaloy-4 cladding. • Composition of irradiated Zircaloy-4 cladding of pressurized water reactor. • Redox behavior of elements in irradiated Zircaloy cladding during electrorefining. • Effect of electrorefining operating conditions on decontamination factor. - Abstract: To reduce the final waste volume from used nuclear fuel assembly, it is significant to decontaminate irradiated cladding. Electrorefining in high temperature molten salt could be one of volume decontamination processes for the cladding. This study examines the effect of operating conditions on decontamination factor in electrorefining of irradiated Zircaloy-4 cladding of pressurized water reactor. One-dimensional time-dependent electrochemical reaction code, REFIN, was utilized for simulating irradiated cladding electrorefining. Composition of irradiated Zircaloy was estimated based on ORIGEN-2 and other literatures. Co and U were considered in electrorefining simulation with major elements of Zircaloy-4 to represent activation products and actinides penetrating into the cladding respectively. Total 240 cases of electrorefining are simulated including 8 diffusion boundary layer thicknesses, 10 concentrations of contaminated molten salt and 3 termination conditions. Decontamination factors for each case were evaluated and it is revealed that the radioactivity of Co-60 in recovered zirconium on cathode could decrease below the clearance level when initial concentration of chlorides except ZrCl{sub 4} is lower than 1 × 10{sup −11} weight fraction if electrorefining is finished before anode potential reaches −1.8 V (vs. Cl{sub 2}/Cl{sup −})

  3. Salt evaporation behaviors of uranium deposits from an electrorefiner

    Sung Bin Park; Dong Wook Cho; Gyu Hwan Oh; Sung Chan Hwang; Young Ho Kang; Hansoo Lee; Eung Ho Kim; Seong-Won Park; Jong Hyeon Lee

    2010-01-01

    From an electrorefining process, uranium deposits were recovered at the solid cathode of an electrorefining system. The uranium deposits from the electrorefiner contained about 30-40 wt% salts. In order to recover pure uranium and transform it into metal ingots, these salts have to be removed. A salt distiller was adapted for a salt evaporation. A batch operation for the salt removal was carried out by a heating and a vacuum evaporation. The operational conditions were a 700-1,000 deg C hold temperature and less than a 1 Torr under Argon atmosphere, respectively. The behaviors of the salt evaporations were investigated by focusing on the effects of the pressure and the holding temperature for the salt distillation. The removal efficiencies of the salts were obtained with regard to the operational conditions. The experimental results of the salt evaporations were evaluated by using the Hertz-Langmuir relation. The effective evaporation coefficients of this relation were obtained with regards to the vacuum pressures and the hold temperatures. The higher the vacuum pressure and the higher the holding temperature were, the higher the removal efficiencies of the salts were. (author)

  4. Development of an U and Pu recovery process by molten salt electrorefining. Behavior of U and Pu at simultaneous recoveries into liquid cadmium cathodes

    Uozumi, Koichi; Kato, Tetsuya; Iizuka, Masatoshi; Inoue, Tadashi; Iwai, Takashi; Shirai, Osamu; Arai, Yasuo

    2003-01-01

    In order to study behaviors of U and Pu at simultaneous recoveries into liquid cadmium cathodes (LCCs) in the electrorefining of pyrometallurgical reprocessing, several experiments were conducted to recover U and Pu into LCCs at different U/Pu ratios in the salt phase. The major results were as follows: (1) The weight ratios of U and Pu in 120 g LCCs reached 10 wt.% (the tentative target), with current efficiencies higher than 80 %. (2) Under the conditions of U/Pu ratios in the initial salt phase less than 1/4.3, the amounts of recovered U and Pu were proportional to the passed electric charges, with the separation factors of U to Pu (= (U/Pu ration in the recovered product)/(U/Pu ratio in the salt)) between 1.2 and 2.0. (3) On the other hand, under the condition of U/Pu ratio in the initial salt phase at 1/1.73, only U was recovered into the LCC after the saturation of LCC with U and Pu. Accordingly, there will be a threshold in the U/Pu ratio of the salt phase for the simultaneous recovery of U and Pu. (4) Am showed a similar behavior to Pu. The separation factors of Am to Pu (=(AM/Pu ratio in the recovered product)/(Am/Pu ratio in the salt)) was 0.78, which means that Am is co-recovered with Pu into LCC. (author)

  5. Salt Removal from the Uranium Deposits of Electrorefiner

    Kwon, S. W.; Park, K. M.; Lee, S. J.; Park, S. B.; Cho, C. H.; Choi, S. Y.; Lee, H. S.; Kim, J. G. [Korea Atomic Energy Research Institute, Daejeon (Korea, Republic of)

    2010-10-15

    Electrorefining is a key step in pyroprocessing. The electrorefining process is generally composed of two recovery steps. The deposit of uranium onto a solid cathode and the recovery of the remaining uranium and TRU elements simultaneously by a liquid cadmium cathode. The solid cathode processing is necessary to separate the salt from the cathode since the uranium deposit in a solid cathode contains electrolyte salt. In the liquid cathode, cadmium metal should be removed to recover actinide product. A physical separation process, such as distillation separation, is more attractive than a chemical or dissolution process because physical processes generate much less secondary process. Distillation process was employed for the cathode processing due to the advantages of minimal generation of secondary waste, compact unit process, simple and low cost equipment. The basis for vacuum distillation separation is the difference in vapor pressures between salt and uranium. A solid cathode deposit is heated in a heating region and salt vaporizes, while non volatile uranium remains behind. It is very important to increase the throughput of the salt separation system due to the high uranium content of spent nuclear fuel and high salt fraction of uranium dendrites. The evaporation rate of the LiCl-KCl eutectic salt in vacuum distiller is not so high to come up with the generation capacity of uranium dendrites in electro-refiner. Therefore, wide evaporation area or high distillation temperature is necessary for the successful salt separation. In this study, the solid-liquid separation was proposed prior to distillation of salt and a feasibility of the separation of the liquid salt by a metallic wire mesh (sieve) was tested for the reduction of the burden of the following vacuum distillation process

  6. Salt Removal from the Uranium Deposits of Electrorefiner

    Kwon, S. W.; Park, K. M.; Lee, S. J.; Park, S. B.; Cho, C. H.; Choi, S. Y.; Lee, H. S.; Kim, J. G.

    2010-01-01

    Electrorefining is a key step in pyroprocessing. The electrorefining process is generally composed of two recovery steps. The deposit of uranium onto a solid cathode and the recovery of the remaining uranium and TRU elements simultaneously by a liquid cadmium cathode. The solid cathode processing is necessary to separate the salt from the cathode since the uranium deposit in a solid cathode contains electrolyte salt. In the liquid cathode, cadmium metal should be removed to recover actinide product. A physical separation process, such as distillation separation, is more attractive than a chemical or dissolution process because physical processes generate much less secondary process. Distillation process was employed for the cathode processing due to the advantages of minimal generation of secondary waste, compact unit process, simple and low cost equipment. The basis for vacuum distillation separation is the difference in vapor pressures between salt and uranium. A solid cathode deposit is heated in a heating region and salt vaporizes, while non volatile uranium remains behind. It is very important to increase the throughput of the salt separation system due to the high uranium content of spent nuclear fuel and high salt fraction of uranium dendrites. The evaporation rate of the LiCl-KCl eutectic salt in vacuum distiller is not so high to come up with the generation capacity of uranium dendrites in electro-refiner. Therefore, wide evaporation area or high distillation temperature is necessary for the successful salt separation. In this study, the solid-liquid separation was proposed prior to distillation of salt and a feasibility of the separation of the liquid salt by a metallic wire mesh (sieve) was tested for the reduction of the burden of the following vacuum distillation process

  7. Study on the vibrational scraping of uranium product from a solid cathode of electrorefiner

    Park, Sung Bin; Kang, Young Ho; Hwang, Sung Chan; Lee, Han Soo; Paek, Seung Woo; Ahn, Do Hee [Korea Atomic Energy Research Institute, Daejeon (Korea, Republic of)

    2015-12-15

    A high-throughput electrorefiner has been developed for commercialization use by enhancing the uranium recovery from the reduced metal which is produced from the oxide reduction process. It is necessary to scrap and effectively collect uranium dendrites from the surface of the solid cathode for high yield. When a steel electrode is used as the cathode in the electrorefining process, uranium is deposited and regularly stuck to the steel cathode during electrorefining. The sticking coefficient of a steel cathode is very high. In order to decrease the sticking coefficient of the steel cathode effectively, vibration mode was applied to the electrode in this study. Uranium dendrites were scraped and fell apart from the steel cathode by a vibration force. The vibrational scraping of the steel cathode was compared to the self-scraping of the graphite cathode. Effects of the applied current density and the vibration stroke on the scraping of the uranium dendrites were also investigated.

  8. Podnikové kombinace podle IFRS

    Bazyuk, Ulyana

    2011-01-01

    The thesis is focused on the process and progress of business combinations under both IFRS and in accordance with Czech legislation. The first part describes the history of the business combination, their origin, development, and gradual changes from the past to the present. The following part focuses on the process and the types of transactions with companies under Czech legislation. The last chapter is focused on the differences and form IFRS and Czech legislation.

  9. US GAAP vs. IFRS – A COMPARISON OF REMAINING DIFFERENCES

    Mihelčić, Eva

    2008-01-01

    In spite of the on-going harmonization process, there are still some differences between US GAAP and IFRS. Currently, companies listed on the New York Stock Exchange, which are reporting according to IFRS, must still prepare the reconciliation to US GAAP, to show the financial statements compliant with US GAAP as well. This article presents an overview of the remaining major differences between US GAAP and IFRS, descriptive as well as table-wise. First, the standards compared are shortly intr...

  10. Experimental observations on electrorefining spent nuclear fuel in molten LiCl-KCl/liquid cadmium system

    Johnson, T. A.; Laug, D. V.; Li, S. X.; Sofu, T.

    1999-01-01

    Argonne National Laboratory (ANL) is currently performing a demonstration program for the Department of Energy (DOE) which processes spent nuclear fuel from the Experimental Breeder Reactor (EBR-II). One of the key steps in this demonstration program is electrorefining of the spent fuel in a molten LiCl-KCl/liquid cadmium system using a pilot scale electrorefiner (Mk-IV ER). This article summarizes experimental observations and engineering aspects for electrorefining spent fuel in the molten LiCl-KCl/liquid cadmium system. It was found that the liquid cadmium pool acted as an intermediate electrode during the electrorefining process in the ER. The cadmium level was gradually decreased due to its high vapor pressure and vaporization rate at the ER operational temperature. The low cadmium level caused the anode assembly momentarily to touch the ER vessel hardware, which generated a periodic current change at the salt/cathode interface and improved uranium recovery efficiency for the process. The primary current distributions calculated by numerical simulations were used in interpreting the experimental results

  11. International Nuclear Energy Research Initiative Development of Computational Models for Pyrochemical Electrorefiners of Nuclear Waste Transmutation Systems

    Simpson, M.F.; Kim, K.-R.

    2010-01-01

    In support of closing the nuclear fuel cycle using non-aqueous separations technology, this project aims to develop computational models of electrorefiners based on fundamental chemical and physical processes. Spent driver fuel from Experimental Breeder Reactor-II (EBR-II) is currently being electrorefined in the Fuel Conditioning Facility (FCF) at Idaho National Laboratory (INL). And Korea Atomic Energy Research Institute (KAERI) is developing electrorefining technology for future application to spent fuel treatment and management in the Republic of Korea (ROK). Electrorefining is a critical component of pyroprocessing, a non-aqueous chemical process which separates spent fuel into four streams: (1) uranium metal, (2) U/TRU metal, (3) metallic high-level waste containing cladding hulls and noble metal fission products, and (4) ceramic high-level waste containing sodium and active metal fission products. Having rigorous yet flexible electrorefiner models will facilitate process optimization and assist in trouble-shooting as necessary. To attain such models, INL/UI has focused on approaches to develop a computationally-light and portable two-dimensional (2D) model, while KAERI/SNU has investigated approaches to develop a computationally intensive three-dimensional (3D) model for detailed and fine-tuned simulation.

  12. Recovery of plutonium from electrorefining anode heels at Savannah River

    Gray, J.H.; Gray, L.W.; Karraker, D.G.

    1987-03-01

    In a joint effort, the Savannah River Laboratory (SRL), Savannah River Plant (SRP), and the Rocky Flats Plant (RFP) have developed two processes to recover plutonium from electrorefining anode heel residues. Aqueous dissolution of anode heel metal was demonstrated at SRL on a laboratory scale and on a larger pilot scale using either sulfamic acid or nitric acid-hydrazine-fluoride solutions. This direct anode heel metal dissolution requires the use of a geometrically favorable dissolver. The second process developed involves first diluting the plutonium in the anode heel residues by alloying with aluminum. The alloyed anode heel plutonium can then be dissolved using a nitric acid-fluoride-mercury(II) solution in large non-geometrically favorable equipment where nuclear safety is ensured by concentration control

  13. Critical Success Factors for IFRS Implementation

    Lønne, Henrik; Holm, Claus; Schøler, Finn

    n this paper we compare the implementation process to integrate IFRS in Ireland, Denmark and New Zealand and derive the critical succesfactors in capability to implement IFRS. The implementation phase is divided into three phases before, during and after the implementation process. The description......, it is essential to have a thorough and forward-looking debate and coordination between the legalislative authority, the administrating authority, the accounting profession and the stock exchange. During the implementation process it is vital that the accounting profession has become the right level of education...

  14. Pyrometallurgical processes for recovery of actinide elements

    Battles, J.E.; Laidler, J.J.; McPheeters, C.C.; Miller, W.E.

    1994-01-01

    A metallic fuel alloy, nominally U-20-Pu-lOZr, is the key element of the Integral Fast Reactor (IFR) fuel cycle. Metallic fuel permits the use of an innovative, simple pyrometallurgical process, known as pyroprocessing, (the subject of this report), which features fused salt electrorefining of the spent fuel. Electrorefining separates the actinide elements from fission products, without producing a separate stream of plutonium. The plutonium-bearing product is contaminated with higher actinides and with a minor amount of rare earth fission products, making it diversion resistant while still suitable as a fuel material in the fast spectrum of the IFR core. The engineering-scale demonstration of this process will be conducted in the refurbished EBR-II Fuel Cycle Facility, which has entered the start-up phase. An additional pyrometallurgical process is under development for extracting transuranic (TRU) elements from Light Water Reactor (LWR) spent fuel in a form suitable for use as a feed to the IFR fuel cycle. Four candidate extraction processes have been investigated and shown to be chemically feasible. The main steps in each process are oxide reduction with calcium or lithium, regeneration of the reductant and recycle of the salt, and separation of the TRU product from the bulk uranium. Two processes, referred to as the lithium and salt transport (calcium reductant) processes, have been selected for engineering-scale demonstration, which is expected to start in late 1993. An integral part of pyroprocessing development is the treatment and packaging of high-level waste materials arising from the operations, along with the qualification of these waste forms for disposal in a geologic repository

  15. Pyrometallurgical processes for recovery of actinide elements

    Battles, J.E.; Laidler, J.J.; McPheeters, C.C.; Miller, W.E.

    1994-01-01

    A metallic fuel alloy, nominally U-20-Pu-lOZr, is the key element of the Integral Fast Reactor (IFR) fuel cycle. Metallic fuel permits the use of an innovative, simple pyrometallurgical process, known as pyroprocessing, (the subject of this report), which features fused salt electrorefining of the spent fuel. Electrorefining separates the actinide elements from fission products, without producing a separate stream of plutonium. The plutonium-bearing product is contaminated with higher actinides and with a minor amount of rare earth fission products, making it diversion resistant while still suitable as a fuel material in the fast spectrum of the IFR core. The engineering-scale demonstration of this process will be conducted in the refurbished EBR-II Fuel Cycle Facility, which has entered the start-up phase. An additional pyrometallurgical process is under development for extracting transuranic (TRU) elements from Light Water Reactor (LWR) spent fuel in a form suitable for use as a feed to the IFR fuel cycle. Four candidate extraction processes have been investigated and shown to be chemically feasible. The main steps in each process are oxide reduction with calcium or lithium, regeneration of the reductant and recycle of the salt, and separation of the TRU product from the bulk uranium. Two processes, referred to as the lithium and salt transport (calcium reductant) processes, have been selected for engineering-scale demonstration, which is expected to start in late 1993. An integral part of pyroprocessing development is the treatment and packaging of high-level waste materials arising from the operations, along with the qualification of these waste forms for disposal in a geologic repository.

  16. Simplified Reference Electrode for Electrorefining of Spent Nuclear Fuel in High Temperature Molten Salt

    Kim Davies; Shelly X Li

    2007-01-01

    Pyrochemical processing plays an important role in development of proliferation-resistant nuclear fuel cycles. At the Idaho National Laboratory (INL), a pyrochemical process has been implemented for the treatment of spent fuel from the Experimental Breeder Reactor II (EBR-II) in the last decade. Electrorefining in a high temperature molten salt is considered a signature or central technology in pyroprocessing fuel cycles. Separation of actinides from fission products is being demonstrated by electrorefining the spent fuel in a molten UCl3-LiCl-KCl electrolyte in two engineering scale electrorefiners (ERs). The electrorefining process is current controlled. The reference electrode provides process information through monitoring of the voltage difference between the reference and the anode and cathode electrodes. This information is essential for monitoring the reactions occurring at the electrodes, investigating separation efficiency, controlling the process rate, and determining the process end-point. The original reference electrode has provided good life expectancy and signal stability, but is not easily replaceable. The reference electrode used a vycor-glass ion-permeable membrane containing a high purity silver wire with one end positioned in ∼2 grams of LiCl/KCl salt electrolyte with a low concentration (∼1%) AgCl. It was, however, a complex assembly requiring specialized skill and talent to fabricate. The construction involved multiple small pieces, glass joints, ceramic to glass joints, and ceramic to metal joints all assembled in a high purity inert gas environment. As original electrodes reached end-of-life it was uncertain if the skills and knowledge were readily available to successfully fabricate replacements. Experimental work has been conducted to identify a simpler electrode design while retaining the needed long life and signal stability. This improved design, based on an ion-permeable membrane of mullite has been completed. Use of the silver

  17. Simplified Reference Electrode for Electrorefining of Spent Nuclear Fuel in High Temperature Molten Salt

    Kim Davies; Shelly X Li

    2007-09-01

    Pyrochemical processing plays an important role in development of proliferation- resistant nuclear fuel cycles. At the Idaho National Laboratory (INL), a pyrochemical process has been implemented for the treatment of spent fuel from the Experimental Breeder Reactor II (EBR-II) in the last decade. Electrorefining in a high temperature molten salt is considered a signature or central technology in pyroprocessing fuel cycles. Separation of actinides from fission products is being demonstrated by electrorefining the spent fuel in a molten UCl3-LiCl-KCl electrolyte in two engineering scale electrorefiners (ERs). The electrorefining process is current controlled. The reference electrode provides process information through monitoring of the voltage difference between the reference and the anode and cathode electrodes. This information is essential for monitoring the reactions occurring at the electrodes, investigating separation efficiency, controlling the process rate, and determining the process end-point. The original reference electrode has provided good life expectancy and signal stability, but is not easily replaceable. The reference electrode used a vycor-glass ion-permeable membrane containing a high purity silver wire with one end positioned in ~2 grams of LiCl/KCl salt electrolyte with a low concentration (~1%) AgCl. It was, however, a complex assembly requiring specialized skill and talent to fabricate. The construction involved multiple small pieces, glass joints, ceramic to glass joints, and ceramic to metal joints all assembled in a high purity inert gas environment. As original electrodes reached end-of-life it was uncertain if the skills and knowledge were readily available to successfully fabricate replacements. Experimental work has been conducted to identify a simpler electrode design while retaining the needed long life and signal stability. This improved design, based on an ion-permeable membrane of mullite has been completed. Use of the silver wire

  18. Color center formation in plutonium electrorefining residues

    Morris, D.E.; Eller, P.G.; Hobart, D.E.; Eastman, M.P.; McCurry, L.E.

    1989-01-01

    Plutonium electrorefining residues containing Pu(III) in KCl exhibit dramatic reversible, light-induced color changes. Similar color changes were observed in Ln-doped (Ln = La, Nd, Gd, and Lu) and undoped KCl samples which were subjected to intense gamma irradiation. Diffuse reflectance electronic and electron paramagnetic resonance spectroscopies were used to show conclusively that Pu(III) is present in both the bleached and unbleached plutonium-bearing residues and the spectacular color changes are the result of color center formation and alternation by visible light. (orig.)

  19. Electrorefining of Cerium in LiCl-KCl Molten Salts

    Campbell-Kelly, R.P.; Paget, T.J.

    2010-01-01

    Electrorefining of cerium from cerium-gallium alloys has been demonstrated in lithium chloride-potassium chloride salts at temperatures below 500 deg. C, with excellent current efficiencies and high product yields. These experiments are being carried out as non-active trials for a process for the purification of impure actinide metals. The results reported show anodic current efficiencies consistently close to 100%, and in several experiments complete oxidation of the cerium in the feed occurred. The cathodic product is hard and metallic, and incorporates a significant amount of salt into its structure. The product can be consolidated into a dense, pure metal by melting under calcium chloride at 850 deg. C. The yield of this consolidation step varies between 16 and 75%, seeming to depend on the total mass of metal being consolidated and the quality of inert atmosphere. A small-scale electrochemical cell has been demonstrated which will be used in initial active experiments. (authors)

  20. Thermal Analysis of Surrogate Simulated Molten Salts with Metal Chloride Impurities for Electrorefining Used Nuclear Fuel

    Toni Y. Gutknecht; Guy L. Fredrickson; Vivek Utgikar

    2012-04-01

    This project is a fundamental study to measure thermal properties (liquidus, solidus, phase transformation, and enthalpy) of molten salt systems of interest to electrorefining operations, which are used in both the fuel cycle research & development mission and the spent fuel treatment mission of the Department of Energy. During electrorefining operations the electrolyte accumulates elements more active than uranium (transuranics, fission products and bond sodium). The accumulation needs to be closely monitored because the thermal properties of the electrolyte will change as the concentration of the impurities increases. During electrorefining (processing techniques used at the Idaho National Laboratory to separate uranium from spent nuclear fuel) it is important for the electrolyte to remain in a homogeneous liquid phase for operational safeguard and criticality reasons. The phase stability of molten salts in an electrorefiner may be adversely affected by the buildup of fission products in the electrolyte. Potential situations that need to be avoided are: (i) build up of fissile elements in the salt approaching the criticality limits specified for the vessel (ii) freezing of the salts due to change in the liquidus temperature and (iii) phase separation (non-homogenous solution) of elements. The stability (and homogeneity) of the phases can potentially be monitored through the thermal characterization of the salts, which can be a function of impurity concentration. This work describes the experimental results of typical salts compositions, consisting of chlorides of strontium, samarium, praseodymium, lanthanum, barium, cerium, cesium, neodymium, sodium and gadolinium (as a surrogate for both uranium and plutonium), used in the processing of used nuclear fuels. Differential scanning calorimetry was used to analyze numerous salt samples providing results on the thermal properties. The property of most interest to pyroprocessing is the liquidus temperature. It was

  1. LiCl-KCl-UCl3 Salt production and Transfer for the Uranium Electrorefining

    Woo, Moon Sik; Kang, Hee Suk; Lee, Han Soo

    2009-01-01

    A pyrometallurgical partitioning technology to recover uranium from an uranium-TRU mixture which is the product material of electroreduction system is being developed at KAERI since 1997. In the process, the reactor of an electrorefiner consists of the electrodes and the molten chloride salt which is LiCl-KCl-UCl 3 . The role of uranium chloride salt (UCl 3 ) is to stabilize the initial cell voltage between electrodes in the electrorefining reactor. The process to produce a uranium chloride salt includes two steps: a reaction process of gaseous chlorine with liquid cadmium to form the CdCl 2 occurring in a Cd layer, followed by a process to produce UCl 3 by the reaction of U in the LiCl-KCl eutectic salt and CdCl 2 . The apparatus for producing UCl 3 consists of a chlorine gas generator, a chlorinator, and a off-gas wet scrubber. The temperature of the reactants are maintained at about 600 .deg. C . After the reaction is completed, the product salt is transferred from the vessel to the electrorefiner by a transfer system

  2. Status of IFR fuel cycle demonstration

    Lineberry, M.J.; Phipps, R.D.; McFarlane, H.F.

    1993-01-01

    The next major step in Argonne's Integral Fast Reactor (IFR) Program is demonstration of the pyroprocess fuel cycle, in conjunction with continued operation of EBR-II. The Fuel Cycle Facility (FCF) is being readied for this mission. This paper will address the status of facility systems and process equipment, the initial startup experience, and plans for the demonstration program

  3. Bus bar electrical feedthrough for electrorefiner system

    Williamson, Mark; Wiedmeyer, Stanley G; Willit, James L; Barnes, Laurel A; Blaskovitz, Robert J

    2013-12-03

    A bus bar electrical feedthrough for an electrorefiner system may include a retaining plate, electrical isolator, and/or contact block. The retaining plate may include a central opening. The electrical isolator may include a top portion, a base portion, and a slot extending through the top and base portions. The top portion of the electrical isolator may be configured to extend through the central opening of the retaining plate. The contact block may include an upper section, a lower section, and a ridge separating the upper and lower sections. The upper section of the contact block may be configured to extend through the slot of the electrical isolator and the central opening of the retaining plate. Accordingly, relatively high electrical currents may be transferred into a glovebox or hot-cell facility at a relatively low cost and higher amperage capacity without sacrificing atmosphere integrity.

  4. Zr-rich layers electrodeposited onto stainless steel cladding during the electrorefining of EBR-II fuel

    Keiser, D.D. Jr.; Mariani, R.D.

    1999-01-01

    Argonne National Laboratory is developing an electrometallurgical treatment for spent nuclear fuels. The initial demonstration of this process is being conducted on U-Zr alloy fuel elements irradiated in the experimental breeder reactor II (EBR-II). We report the first metallographic characterization of cladding hull remains for the electrometallurgical treatment of spent metallic fuel. During the electrorefining process, Zr-rich layers, with some U, deposit on all exposed surfaces of irradiated cladding segments (hulls) that originally contained the fuel alloy that was being treated. In some cases, not only was residual Zr (and U) found inside the cladding hulls, but a Zr-rind was also observed near the interior cladding hull surface. The Zr-rind was originally formed during the fuel casting process on the fuel slug. The observation of Zr deposits on all exposed cladding surfaces is explained with thermodynamic principles, when two conditions are met. These conditions are partial oxidation of Zr and the presence of residual uranium in the hulls when the electrorefining experiment is terminated. Comparisons are made between the structure of the initial irradiated fuel before electrorefining and the morphology of the material remaining in the cladding hulls after electrorefining. (orig.)

  5. Zirconium behaviour during electrorefining of actinide-zirconium alloy in molten LiCl-KCl on aluminium cathodes

    Meier, R. [European Commission, Joint Research Centre (JRC), Institute for Transuranium Elements (ITU), Postfach 2340, Karlsruhe 76125 (Germany); Heidelberg University, Institute of Physical Chemistry, Im Neuenheimer Feld 253, Heidelberg 69120 (Germany); Souček, P., E-mail: Pavel.Soucek@ec.europa.eu [European Commission, Joint Research Centre (JRC), Institute for Transuranium Elements (ITU), Postfach 2340, Karlsruhe 76125 (Germany); Malmbeck, R.; Krachler, M.; Rodrigues, A.; Claux, B.; Glatz, J.-P. [European Commission, Joint Research Centre (JRC), Institute for Transuranium Elements (ITU), Postfach 2340, Karlsruhe 76125 (Germany); Fanghänel, Th. [European Commission, Joint Research Centre (JRC), Institute for Transuranium Elements (ITU), Postfach 2340, Karlsruhe 76125 (Germany); Heidelberg University, Institute of Physical Chemistry, Im Neuenheimer Feld 253, Heidelberg 69120 (Germany)

    2016-04-15

    A pyrochemical electrorefining process for the recovery of actinides from metallic nuclear fuel based on actinide-zirconium alloys (An–Zr) in a molten salt is being investigated. In this process actinides are group-selectively recovered on solid aluminium cathodes as An–Al alloys using a LiCl–KCl eutectic melt at a temperature of 450 °C. In the present study the electrochemical behaviour of zirconium during electrorefining was investigated. The maximum amount of actinides that can be oxidised without anodic co-dissolution of zirconium was determined at a selected constant cathodic current density. The experiment consisted of three steps to assess the different stages of the electrorefining process, each of which employing a fresh aluminium cathode. The results indicate that almost a complete dissolution of the actinides without co-dissolution of zirconium is possible under the applied experimental conditions. - Highlights: • Recovery of actinides was shown by electrorefining of U/Pu–Zr alloys in LiCl–KCl. • Constant current density of 20 mA/cm{sup 2} is applied. • Most of the actinides were dissolved avoiding zirconium co-dissolution. • Deterioration of the deposit quality by a small amount of co-deposited Zr is not observed.

  6. IFRS9 - rahoitusinstrumentit

    Ojanen, Valtteri

    2012-01-01

    Työssäni on tarkoitus tutkia, miten IFRS9 tulee vaikuttamaan tilinpäätöksen laadintaan ja sitä kautta finanssialan yrityksen tilinpäätöksen lukuihin. Työssä on myös tarkoitus tuoda esiin esimerkiksi finanssivalvonnan ja tilintarkastajien näkökannat, jolloin pystytään tuomaan erilaisten toimijoiden näkökulmia. Lähtökohtana ovat pohjatiedot omasta IFRS opinnäytetyöstä ja se päälle sitten tiedot, jotka olen kerännyt työtä tehdessä. Työn tutkimusosio toteutetaan haastattelemalla yksittäisiä ...

  7. IFRS 9 Luottotappiot ja Arvonalentumiset

    Lanteri, Päivi

    2016-01-01

    IFRS tilinpäätös on kansainvälinen tilinpäätösstandardi, jonka mukaan julkisesti noteeratut osakeyhtiöt laativat tilinpäätöksensä. IFRS tilinpäätöksen tarkoituksena on palvella mahdollisimman hyvin sijoittajia, antaen vertailukelpoista tilinpäätösinformaatiota. IFRS tilinpäätös normisto koostuu standardeista, jotka määrittelevät taseen ja tuloslaskelman vähimmäiserittelyt. Standardeja kehittelee ja asettaa IASB (International Accounting Standards Board) yhteistyössä IFRS Foundation –organisaa...

  8. Financial Reporting Through IFRS

    Doina Maria Tilea; Vasile Bleotu; Alexandra Ana Maria Serban

    2013-01-01

    Financial reporting using the latest version of IFRS (2011), a result of the IASB research in cooperation with the standardizers of the national accounting standards in order to achieve convergence in accounting standards around the world on the one hand, and on the other hand to provide a set of highly qualitative global accounting standards, requires transparent and comparable information of general purpose financial statements.

  9. Fuel cycle and waste management demonstration in the IFR Program

    Lineberry, M.J.; Phipps, R.D.; Benedict, R.W.; Laidler, J.J.; Battles, J.E.; Miller, W.E.

    1992-01-01

    Argonne's National Laboratory's Integral Fast Reactor (IFR) is the main element in the US advanced reactor development program. A unique fuel cycle and waste process technology is being developed for the IFR. Demonstration of this technology at engineering scale will begin within the next year at the EBR-II test facility complex in Idaho. This paper describes the facility being readied for this demonstration, the process to be employed, the equipment being built, and the waste management approach

  10. Cadmium release from a reprocessing electrorefiner falling over

    Solbrig, Charles W., E-mail: Charles.solbrig@inl.gov [Batelle Energy Alliance, Idaho National Laboratory, PO Box 2528, Idaho Falls, ID 83404 (United States); Pope, Chad L. [Batelle Energy Alliance, Idaho National Laboratory, PO Box 2528, Idaho Falls, ID 83404 (United States)

    2013-02-15

    Highlights: ► We model an accident in a nuclear fuel processing facility caused by an earthquake. ► The earthquake causes the argon cell to breach and the electrorefiner to tip over. ► Cadmium is spilled and a cathode falls on the cadmium and starts to burn. ► Cadmium can be transported to people in the building, the site, and the public. ► The results show negligible doses to all persons except in one low probability case. -- Abstract: The possible biological consequences of a release of cadmium due to a design basis earthquake in the Idaho Nuclear Laboratory's nuclear fuel reprocessing cell are evaluated. The facility is designed to withstand the design basis earthquake except for some non-seismically qualified feedthroughs. The earthquake is hypothesized to breach these feedthroughs (allowing air into the argon atmosphere processing cell) and cause the MK-IV electrorefiner (ER) in the cell to tip over or split and spill its contents of fission product laden salt and cadmium. In addition, the uranium dendrite product cathode is assumed to fall on the cadmium and burn. The heat from the burning cathode results in release of cadmium vapor into the cell atmosphere. Ingestion and inhalation of a sufficient concentration of cadmium for a critical time period can cause irreversible health effects or death. The release of the small quantity of fission products, analyzed elsewhere, results in negligible doses. Analysis reported here shows there is no danger to the general public by the cadmium release or to on-site workers except in one low probability case. This one case requires a fivefold failure where the safety exhaust system fails just after the 4% oxygen concentration combustion limit in the cell is reached. Failure of the SES allows oscillatory inflow and outflow (and hence cadmium outflow) from the cell due to gravity. The dose to a worker in the basement exceeds the mortality limit in this one event if the worker does not leave the basement.

  11. Cadmium release from a reprocessing electrorefiner falling over

    Solbrig, Charles W.; Pope, Chad L.

    2013-01-01

    Highlights: ► We model an accident in a nuclear fuel processing facility caused by an earthquake. ► The earthquake causes the argon cell to breach and the electrorefiner to tip over. ► Cadmium is spilled and a cathode falls on the cadmium and starts to burn. ► Cadmium can be transported to people in the building, the site, and the public. ► The results show negligible doses to all persons except in one low probability case. -- Abstract: The possible biological consequences of a release of cadmium due to a design basis earthquake in the Idaho Nuclear Laboratory's nuclear fuel reprocessing cell are evaluated. The facility is designed to withstand the design basis earthquake except for some non-seismically qualified feedthroughs. The earthquake is hypothesized to breach these feedthroughs (allowing air into the argon atmosphere processing cell) and cause the MK-IV electrorefiner (ER) in the cell to tip over or split and spill its contents of fission product laden salt and cadmium. In addition, the uranium dendrite product cathode is assumed to fall on the cadmium and burn. The heat from the burning cathode results in release of cadmium vapor into the cell atmosphere. Ingestion and inhalation of a sufficient concentration of cadmium for a critical time period can cause irreversible health effects or death. The release of the small quantity of fission products, analyzed elsewhere, results in negligible doses. Analysis reported here shows there is no danger to the general public by the cadmium release or to on-site workers except in one low probability case. This one case requires a fivefold failure where the safety exhaust system fails just after the 4% oxygen concentration combustion limit in the cell is reached. Failure of the SES allows oscillatory inflow and outflow (and hence cadmium outflow) from the cell due to gravity. The dose to a worker in the basement exceeds the mortality limit in this one event if the worker does not leave the basement

  12. IFRS 8 – OPERATING SEGMENTS

    BOCHIS LEONICA

    2009-05-01

    Full Text Available Segment reporting in accordance with IFRS 8 will be mandatory for annual financial statements covering periods beginning on or after 1 January 2009. The standards replaces IAS 14, Segment Reporting, from that date. The objective of IFRS 8 is to require

  13. IFRS Adoption and Financial Reporting Quality: Taiwan Experience

    Ching-Chieh Lin; Chi-Yun Hua; Wen-Hsiang Lin; Wen-Chih Lee

    2012-01-01

    Taiwan’s financial accounting regulatory amendment directions shift the framework from the U.S. GAAP-based to International Financial Reporting Standards (IFRS)-based to accelerate the pace of progress towards convergence with IFRS. In the amendment process, the converge outcomes of earnings quality become an important and urgent issue. The purpose of this study is to investigate the converge impacts on reporting quality over 1999 to 2009, which divided into three timeframes: the U.S. GAAP-ba...

  14. Direct plutonium oxide reduction/electrorefining interface program

    Baldwin, C.E.; Berry, J.W.; Giebel, R.E.; Long, J.L.; Moser, W.S.; Navratil, J.D.; Tibbitts, S.F.

    1986-01-01

    Research test work and production data evaluation were performed by the Direct Oxide Reduction (DOR)/Electrorefining (ER) Interface Task Team to determine the cause for poor efficiency and yields during ER of DOR metal product. Production data and preliminary test results provided a working hypothesis. Extremely high loadings of impurities (whatever their exact source and identity) in the DOR product metal may lead to failure of the metal to become a molten anode at ER operating temperatures. Moderate impurity levels permit attainment of a molten anode, but lead to low yields because of premature anode solidification. The test results did not conclusively prove the hypothesis or identify specific mechanisms, but were qualitatively supportive. By stirring the molten anode metal pool, as well as the molten salt phase, generally good ER runs were obtained with both DOR and non-DOR feeds. These limited preliminary results suggest that anode stirring decreases the sensitivity of the ER process to DOR-related impurities. Suggested corrective measures included: (1) minimizing impurities in DOR feed to ER and (2) continued evaluation of anode stirring along with run termination by back-EMF measurements. 1 ref., 3 figs., 13 tabs

  15. Konvergencny projekt IASB a FASB veduci k priblizeniu IFRS a US GAAP

    Rusňáková, Zuzana

    2008-01-01

    The thesis deals with harmonisation of international accounting standards, more specifically with the convergence of US GAAP and IFRS. Its first chapter describes the structures of IASB and FASB (the boards responsible for preparing IFRS, respectively US GAAP) and their due process. The second chapter gives history overview of their convergence project to harmonise US GAAP and IFRS and describes its tools. The third chapter focuses on one of the current main joint projects of the Boards - fin...

  16. Tests of prototype salt stripper system for IFR fuel cycle

    Carls, E.L.; Blaskovitz, R.J.; Johnson, T.R.; Ogata, T.

    1993-01-01

    One of the waste treatment steps for the on-site reprocessing of spent fuel from the Integral Fast Reactor fuel cycles is stripping of the electrolyte salt used in the electrorefining process. This involves the chemical reduction of the actinides and rare earth chlorides forming metals which then dissolve in a cadmium pool. To develop the equipment for this step, a prototype salt stripper system has been installed in an engineering scale argon-filled glovebox. Pumping trails were successful in transferring 90 kg of LiCl-KCl salt containing uranium and rare earth metal chlorides at 500 degree C from an electrorefiner to the stripper vessel at a pumping rate of about 5 L/min. The freeze seal solder connectors which were used to join sections of the pump and transfer line performed well. Stripping tests have commenced employing an inverted cup charging device to introduce a Cd-15 wt % Li alloy reductant to the stripper vessel

  17. How has IFRS impacted financial reporting for unlisted entities?

    Elina Haapamäki

    2018-03-01

    Full Text Available This paper addresses the question whether adoption of International Financial Reporting Standards (IFRS is associated with low earnings management in unlisted companies in three European countries. Therefore, this paper investigates whether companies that have adopted IFRS voluntarily engage significantly less in earnings management compared to companies that have not adopted IFRS. Moreover, this study examines firm-specific incentives and their role in the adoption decision within different institutional settings. The distribution of earnings is analyzed to discover whether companies have managed their earnings. Logistic regression analysis is used to examine the firm-specific incentives. Empirical findings reveal that in sample of unlisted firms using IFRS the distribution of earnings is smoother. Thus, the results provide supporting evidence for the adoption of IFRS. Moreover, results of this study provide relatively good empirical support for statements that large unlisted firms with foreign owners and that are profitable are more likely to adopt IFRS voluntarily. However, the firm-specific incentives play different role in the adoption decision process in weak institutional settings compared to strong institutional settings.

  18. Proces tvorby, schvalování a uplatňování IFRS

    Valášková, Mariana

    2010-01-01

    The doctoral thesis examines process of IFRS development, endorsement and enforcement from the perspective of accounting regulation on global scale, identifies nature of IFRS due process in all its phases and compares IFRS due process with accounting regulation in Czech Republic, especially with legislative process of creating Czech accounting legislation. The due process of any accounting rules, whether standards or legislation, determines quality of these rules and consequently also potenti...

  19. Perceived Costs and Benefits of IFRS Adoption of Cross-Border Mergers: A Statistical Analysis of Indian and Chinese Companies

    Ibrahim Mert

    2014-02-01

    Full Text Available The purpose of this quantitative study was to examine the links between IFRS adoption status, mergers tempo, and perception of IFRS costs and benefits among Indian and Chinese companies. As more capital accrues in India and China, more cross-border mergers activity initiated from these countries should be expected. This paper is trying to extant a research to observe the results related the adaption of IFRS in India and China. During the analyses around 2 authors‘ books were related to this paper. During the study it was focused to collect information observation through published academic books and articles. Some questions raised by the increased tempo of cross-border mergers activity are as follows: (a What are the differences between Indian and Chinese companies‘ perceptions of IFRS costs and benefits? (b What are the differences between IFRS adopters and IFRS non-adopters in perceptions of IFRS costs and benefits? This study identified some significant differences between Indian and Chinese companies‘ perceived IFRS costs and benefits, centering on the role that management accounting played for Chinese companies. Additionally, there were significant differences between how IFRS adopters and non-adopters perceived IFRS in terms of statement simplification, global credibility, and investor attractiveness. This study provides a statistical analysis for the IFRS adaption process of Indian and Chinese companies for the crossborder merger actions.

  20. Salt stripping: a pyrochemical approach to the recovery of plutonium electrorefining salt residues

    Christensen, D.C.; Mullins, L.J.

    1982-10-01

    A pyrochemical process has been developed to take the salt residue from the plutonium electrorefining process and strip the plutonium from it. The process, called salt stripping, uses calcium as a reducing/coalescing agent. In a one-day operation, greater than 95% of the plutonium can be recovered as a metallic button. As much as 88% of the residue is either reused as metal or discarded as a clean salt. A thin layer of black salts, which makes up the bulk of the unrecovered Pu, is a by-product of the initial reductions. A number of black salts can be collected together and re-reduced in a second step. Greater than 88% of this plutonium can be successfully recovered in this second stage with the resulting residues being discardable. The processing time, number of processor hours, and the volume of secondary residues are greatly reduced over the classical aqueous recovery methods. In addition, the product metal is of sufficient quality to be fed directly to the electrorefining process for purification. 8 figures, 7 tables

  1. Separation of actinides from irradiated An–Zr based fuel by electrorefining on solid aluminium cathodes in molten LiCl–KCl

    Souček, P., E-mail: Pavel.Soucek@ec.europa.eu [European Commission, Joint Research Centre (JRC), Institute for Transuranium Elements (ITU), Postfach 2340, 76125 Karlsruhe (Germany); Murakami, T. [Central Research Institute of Electric Power Industry (CRIEPI), Komae-shi, Tokyo 201-8511 (Japan); Claux, B.; Meier, R.; Malmbeck, R. [European Commission, Joint Research Centre (JRC), Institute for Transuranium Elements (ITU), Postfach 2340, 76125 Karlsruhe (Germany); Tsukada, T. [Central Research Institute of Electric Power Industry (CRIEPI), Komae-shi, Tokyo 201-8511 (Japan); Glatz, J.-P. [European Commission, Joint Research Centre (JRC), Institute for Transuranium Elements (ITU), Postfach 2340, 76125 Karlsruhe (Germany)

    2015-04-15

    Highlights: • Electrorefining process in molten LiCl-KCl using solid Al electrodes was demonstrated. • High separation factors of actinides over lanthanides were achieved. • Efficient recovery of actinides from irradiated nuclear fuel was achieved. • Uniform, dense and well adhered deposits were obtained and characterised. • Kinetic parameters of actinide–aluminium alloy formation were evaluated. - Abstract: An electrorefining process for metallic spent nuclear fuel treatment is being investigated in ITU. Solid aluminium cathodes are used for homogeneous recovery of all actinides within the process carried out in molten LiCl–KCl eutectic salt at a temperature of 500 °C. As the selectivity, efficiency and performance of solid Al has been already shown using un-irradiated An–Zr alloy based test fuels, the present work was focused on laboratory-scale demonstration of the process using irradiated METAPHIX-1 fuel composed of U{sub 67}–Pu{sub 19}–Zr{sub 10}–MA{sub 2}–RE{sub 2} (wt.%, MA = Np, Am, Cm, RE = Nd, Ce, Gd, Y). Different electrorefining techniques, conditions and cathode geometries were used during the experiment yielding evaluation of separation factors, kinetic parameters of actinide–aluminium alloy formation, process efficiency and macro-structure characterisation of the deposits. The results confirmed an excellent separation and very high efficiency of the electrorefining process using solid Al cathodes.

  2. Transition to IFRS 9 : Practical Guidance for the Foreign Reserves of Central Banks

    Ha, Yunjung S.

    2017-01-01

    This paper provides practical guidance to central banks on accounting practices for their foreign reserves, in connection with the transition from International Accounting Standard 39 Financial Instruments: Recognition and Measurement (IAS 39) to International Financial Reporting Standard 9 Financial Instruments (IFRS 9). The IFRS 9 preparation process can be summarized in three steps: (1)...

  3. Progress and status of the integral fast reactor (IFR) development program

    Chang, Y.I.

    1992-01-01

    This paper discusses the Integral Fast Reactor (IFR) development program, in which the entire reactor system - reactor, fuel cycle, and waste process is being developed and optimized at the same time as a single integral entity. Detailed discussions on the present status of the IFR technology development activities in the areas of fuels, pyroprocessing, safety, core design, and fuel cycle demonstration are also presented

  4. IFRS for SMEs: Is this the solution to the problem for the application of the international regulation?

    Molina Llopis, Rafael

    2014-01-01

    The IFRS for SMEs is of the size of its scope, a key player in the international accounting harmonization process. After a brief reference to the IASB’s role in this process, this paper makes a description of the steps followed for the issuance of IFRS for SMEs and their relevant characteristics, to continue with a comparative analysis of the main differences with full IFRS. Finally, the document contains some reflections related to the practical difficulties facing the process of implementin...

  5. Integrating the fuel cycle at IFR [Integral Fast Reactor

    Till, C.E.; Chang, Y.I.

    1992-01-01

    During the past few years Argonne National Laboratory has been developing the Integral Fast Reactor (IFR), an advanced liquid metal reactor. Much of the IFR technology stems from Argonne National Laboratory's experience with the Experimental Breeder Reactors, EBR 1 and 2. The unique aspect of EBR 2 is its success with high-burnup metallic fuel. Irradiation tests of the new U-Pu-Zr fuel for the IFR have now reached a burnup level of 20%. The results to date have demonstrated excellent performance characteristics of the metallic fuel in both steady-state and off-normal operating conditions. EBR 2 is now fully loaded with the IFR fuel alloys and fuel performance data are being generated. In turn, metallic fuel becomes the key factor in achieving a high degree of passive safety in the IFR. These characteristics were demonstrated dramatically by two landmark tests conducted at EBR 2 in 1986: loss of flow without scram; and loss of heat sink without scram. They demonstrated that the combination of high heat conductivity of metallic fuel and thermal inertia of the large sodium pool can shut the reactor down during potentially severe accidents without depending on human intervention or the operation of active engineered components. The IFR metallic fuel is also the key factor in compact pyroprocessing. Pyroprocessing uses high temperatures, molten salt and metal solvents to process metal fuels. The result is suitable for fabrication into new fuel elements. Feasibility studies are to be conducted into the recycling of actinides from light water reactor spent fuel in the IFR using the pyroprocessing approach to extract the actinides (author)

  6. Development of metallic uranium recovery technology from uranium oxide by Li reduction and electrorefining

    Tokiwai, Moriyasu; Kawabe, Akihiro; Yuda, Ryouichi; Usami, Tsuyoshi; Fujita, Reiko; Nakamura, Hitoshi; Yahata, Hidetsugu

    2002-01-01

    The purpose of the study is to develop technology for pre-treatment of oxide fuel reprocessing through pyroprocess. In the pre-treatment process, it is necessary to reduce actinide oxide to metallic form. This paper outlines some experimental results of uranium oxide reduction and recovery of refined metallic uranium in electrorefining. Both uranium oxide granules and pellets were used for the experiments. Uranium oxide granules was completely reduced by lithium in several hours at 650degC. Reduced uranium pellets by about 70% provided a simulation of partial reduction for the process flow design. Almost all adherent residues of Li and Li 2 O were successfully washed out with fresh LiCl salt. During electrorefining, metallic uranium deposited on the iron cathode as expected. The recovery efficiencies of metallic uranium from reduced uranium oxide granules and from pellets were about 90% and 50%, respectively. The mass balance data provided the technical bases of Li reduction and refining process flow for design. (author)

  7. Making a Pellet-type LiCl-KCl-UCl3 salt for Electrorefining

    Woo, M. S.; Jin, H. J.; Kim, I. T.; Kim, J. G. [Korea Atomic Energy Research Institute, Daejeon (Korea, Republic of)

    2013-05-15

    The role of uranium chloride salt (UCl3) is to stabilize the initial cell voltage between electrodes in the electrorefining reactor. The process to produce a uranium chloride salt includes two steps: a reaction process of gaseous chlorine with liquid cadmium to form the CdCl2 occurring in a Cd layer, followed by a process to produce UCl3 by the reaction of U in the LiCl-KCl eutectic salt and CdCl2 The apparatus for producing UCl3 consists of a chlorine gas generator, a uranium chlorinator, a Cd distiller, the pelletizer, and a off-gas and a dry scrubber. The temperature of the reactants is maintained at about 600 .deg. C. After the reaction is completed in the uranium chlorinator, The salt products is transferred to the Cd distiller to decrease residual Cd concentration in the salts, and then salt is transferred to the mould of pelletizer by a transfer system to make pellet type salt. Making pellet type LiCl-KCl-UCl3 salt for electrorefining was carried out using the chlorinator, Cd distiller, and pelletizer. Salt transfer carried out by salt transfer equipment heated 500 .deg. C. The Cd concentration of final salt products distillated at 60 torr, 2 hrs, 600 .deg. C was 200 ppm from the ICP, XRD analysis. And pellet type salt products were fabricated by using the mould of pelletizer at 90∼130 .deg. C.

  8. Making a Pellet-type LiCl-KCl-UCl3 salt for Electrorefining

    Woo, M. S.; Jin, H. J.; Kim, I. T.; Kim, J. G.

    2013-01-01

    The role of uranium chloride salt (UCl3) is to stabilize the initial cell voltage between electrodes in the electrorefining reactor. The process to produce a uranium chloride salt includes two steps: a reaction process of gaseous chlorine with liquid cadmium to form the CdCl2 occurring in a Cd layer, followed by a process to produce UCl3 by the reaction of U in the LiCl-KCl eutectic salt and CdCl2 The apparatus for producing UCl3 consists of a chlorine gas generator, a uranium chlorinator, a Cd distiller, the pelletizer, and a off-gas and a dry scrubber. The temperature of the reactants is maintained at about 600 .deg. C. After the reaction is completed in the uranium chlorinator, The salt products is transferred to the Cd distiller to decrease residual Cd concentration in the salts, and then salt is transferred to the mould of pelletizer by a transfer system to make pellet type salt. Making pellet type LiCl-KCl-UCl3 salt for electrorefining was carried out using the chlorinator, Cd distiller, and pelletizer. Salt transfer carried out by salt transfer equipment heated 500 .deg. C. The Cd concentration of final salt products distillated at 60 torr, 2 hrs, 600 .deg. C was 200 ppm from the ICP, XRD analysis. And pellet type salt products were fabricated by using the mould of pelletizer at 90∼130 .deg. C

  9. IFRS Adoption and Accounting Quality: A Review

    Duarte, Ana; Saur- Amaral, Irina; Azevedo, Graça

    2015-01-01

    Literature on IFRS adoption by countries concerning high quality, understandable and applicable IFRS in order to be worldwide accepted has generated a pertinent discussion, since the results presented in the literature are not unanimous on the adoption of IFRS and accounting quality. Soderstrom and Sun (2007) analyzed a research published in leading accounting journals selected from 1990’s on the consequences of IFRS adoption and found that the determinants of accounting quality after the ado...

  10. Modifications to HFEF/S for IFR fuel cycle demonstration

    Lineberry, M.J.; Phipps, R.D.; Forrester, R.J.; Carnes, M.D.; Rigg, R.H.

    1988-01-01

    Modifications have begun to the Hot Fuel Examination Facility-South (HFEF/S) in order to demonstrate the technology of the integral fast reactor (IFR) fuel cycle. This paper describes the status of the modifications to the facility and briefly reviews the status of the development of the process equipment. The HFEF/S was the demonstration facility for the early Experimental Breeder Reactor II (EBR-II) melt refining/injection-casting fuel cycle. Then called the Fuel Cycle Facility, ∼400 EBR-II fuel assemblies were recycled in the two hot cells of the facility during the 1964-69 period. Since then it has been utilized as a fuels examination facility. The objective of the IFR fuel cycle program is to upgrade HFEF/S to current standards, install new process equipment, and demonstrate the commercial feasibility of the IFR pyroprocess fuel cycle

  11. Isotope investigation of anodic slime movements in copper electrorefining baths

    Urbanski, T.; Kohman, L.; Strzelecki, M.; Chojecki, M.; Kaczynska, R.; Wieclaw, B.

    1975-01-01

    A method was developed and introduced for monitoring the movement of silver-containing anodic slimes in copper electrorefining baths. Radioactive 111 Ag was used as tracer and copper plates labelled with the tracer were inserted into the anodes. During electrorefining the slime produced was continuously marked by the tracer. The activity of 111 Ag was measured at various points inside the bath by sampling and continuously registered with the aid of integrators. It was found that more than 99 percent of the slime slipped to the bottom of the bath close to the anode surface and did not migrate even at highest electrolyte flow rates. Small quantities of suspended slime contained an insignificant concentration of silver and should not be a source of cathode contamination. (author)

  12. The IFR status and prospects

    Till, C.E.

    1992-01-01

    The integral fast reactor (IFR) concept consists of a metal-fueled, liquid-metal-cooled fast reactor with its associated pyrometallurgical recovery and recycle of plutonium and higher actinides. The feasibility and operational stability of a liquid-metal-cooled fast reactor has been amply demonstrated in many countries. A comprehensive understanding of the irradiation effects on metal fuels permits extremely high fuel burnup without failures. Interest in the IFR concept grew rapidly when (in 1986) the benign response of the IFR was demonstrated by deliberately putting Experimental Breeder Reactor II (EBR-II) through unprotected loss-of-flow and loss-of-heat-sink transients; these transients were comfortably controlled by the inherent feedback of the system

  13. Study on a Salt Evaporation of the Uranium Deposits from an Electro-refiner

    Sung Bin Park; Dong Wook Cho; Gyu Hwan Oh; Jong Hyeon Lee; Sung Chan Hwang; Young Ho Kang; Han Soo Lee; Eung Ho Kim; Seong Won Park

    2008-01-01

    Uranium metal is electrodeposited onto a solid cathode during the electrorefining process. Uranium deposits from an electro-refiner contain about 30∼40 wt% salts. In order to recover pure uranium and transform it into metal ingots, the salts have to be removed. A salt distiller is adapted for a salt evaporation. A batch operation for the salt removal is carried out by a heating and vacuum evaporation. It is operated at 700 ∼ 1000 deg. C and less than 1 Torr, respectively. The behaviors of the salt evaporations were investigated by focusing on the effects of the vacuum pressure and the holding temperature on the salt distillation. The salt removal efficiencies were obtained with regards to the operational conditions. The Hertz-Langmuir relation was applied to the experimental results of the salt evaporations. The effective evaporation coefficients of the relation were obtained with regards to the operational conditions. The lower the vacuum pressure and the higher the holding temperature were, the higher the removal efficiencies of the salts were. (authors)

  14. IFRS 10 muutos 2011 alkaen

    Sharma-Lehtinen, Sheeru

    2014-01-01

    IASB julkaisi uuden konsernitilinpäätösstandardin toukokuussa 2011. Ennen kyseistä muutosta, konsernitilinpäätöksestä ohjeisti IAS 27 Konserni- ja erillistilinpäätös-standardi. Muutoksen astuttua voimaan tuli täysin uusi IFRS 10 Konsernitilinpäätös -standardi, joka korvasi IAS 27-standardin konsernitilinpäätösosiota. IFRS 10-standardi otettiin Suomessa käyttöön vuoden 2014 alusta. Tutkimus on toteutettu laadullisia tutkimusmenetelmiä käyttäen. Tutkimuksen tavoitteena oli selvittää, miks...

  15. Implications of IFRS Adoption on Balance-Sheet vs Income Statement Figures

    Valentin BURCA

    2014-12-01

    Full Text Available On the last two decades, financial reporting area has suffered lot of changes in order to respond properly to the dynamics of the economic system characterized by continuous process of globalization, international capitalization, and multinational corporations increasing economic impact. Implementation of IFRSs has been positively perceived by both preparers and users from quality of financial information improvement point of view and economic effects perspective as well. Romanian regulators have decided to align to the EU accounting legislation by adopting IFRS for the consolidated accounts preparation. Furthermore, they have chosen to extend IFRS use to individual financial statements in case of all listed companies. In this study we will provide evidence using an index of conservatism that there are small changes on the financial accounts pre IFRS adoption versus post IFRS adoption at the statutory financial statements level. This evidence is actually reflecting the continuous efforts of Romanian regulator to harmonize the local accounting regulation with IFRS.

  16. Status of progress in IFR development

    Chang, Y.I.

    1994-01-01

    The author touches on a number of the issues being addressed in work on the IFR reactor concept development at this time. This technology offers the opportunity to achieve a much more efficient utilization of uranium resources in the process of energy generation. Liquid metal coolant is likely to be a design feature of this type reactor, in part due to the passive safety of this design. Fuel reprocessing, and waste management issues are discussed. This reactor design has the advantage of being much better positioned to minimize concerns about nuclear proliferation issues

  17. How is IFRS/IAS implemented in China

    Wei, Fei

    2007-01-01

    Mastergradsoppgave i bedriftsøkonomi - Høgskolen i Bodø, 2007 The thesis investigates how IFRS/IAS is implemented in China. The main idea of the study is to find out the answers of following questions: How has the environment of Chinese accounting changed? What are the reasons for convergence with IFRS/IAS in China? What is the new finding in new accounting standards from perspective of accounting as technology? How can we understand the process of accounting institutionaliz...

  18. Recovery of plutonium by pyroredox processing

    McNeese, J.A.; Bowersox, D.F.; Christensen, D.C.

    1985-09-01

    Using pyrochemical oxidation and reduction, we have developed a process to recover the plutonium in impure scrap with less than 95% plutonium. This plutonium metal was further purified by pyrochemical electrorefining. During development of the procedures, depleted electrorefining anodes were processed, and over 80% of the plutonium was recovered as high-purity metal in one electrorefining cycle. Over 40 kg of plutonium has been recovered from 55 kg of impure anodes with our procedures. 6 refs., 7 figs., 4 tabs

  19. Recovery of plutonium by pyroredox processing

    McNeese, J.A.; Bowersox, D.F.; Christensen, D.C.

    1985-01-01

    Using pyrochemical oxidation and reduction, we have developed a process to recover the plutonium in impure scrap with less than 95% plutonium. This plutonium metal was further purified by pyrochemical electrorefining. During development of the procedures, depleted electrorefining anodes were processed, and over 80% of the plutonium was recovered as high-purity metal in one electrorefining cycle. Over 40 kg of plutonium has been recovered from 55 kg of impure anodes with our procedures. 6 refs., 2 figs., 5 tabs

  20. The benefits and costs of IFRS implementation in Poland – the investors’ perspective

    Katarzyna Klimczak

    2017-12-01

    Full Text Available A number of earlier studies analysed the process as well as the consequences of implementing Interna- tional Financial Reporting Standards (IFRS in Poland. Prior research concentrated mainly on the impact of IFRS implementation on the financial reporting of companies in Poland and market reaction to the application of IFRS. Not much attention has been given to the attitudes of different groups of accounting information users and other interested parties towards the change of reporting standards in Poland. The aim of this study is to determine how investors perceive IFRS adoption by firms in Poland. Do they see any advantages of financial statements being prepared under IFRS and not under the Polish Accounting Act after more than 10 years from the introduction of the mandatory application of IFRS for certain companies? Has the application of IFRS to the preparation of financial statements increased the scope of useful financial information for investors? Has the quality of the information presented in financial state- ments changed in any way? Finally, should the mandate to use IFRS in Poland be extended? A survey was used to obtain answers to the above questions. In the opinion of investors, the adoption of IFRS for firms has increased the comparability and usefulness of financial statements and also enhanced the pro- tection of their interests but it has not contributed to their investment decisions or the possibility to make profit forecasts. The switch to IFRS – in the perception of the respondents – failed to reduce the infor- mation asymmetry between the external and internal users of accounting information. The impact of chang- ing accounting standards on capital market liquidity failed to be unequivocally assessed.

  1. Separation of adhered salt from uranium deposits generated in electro-refiner

    Kwon, S.W.; Park, K.M.; Lee, H.S.; Kim, J.G.; Ahn, H.G.

    2011-01-01

    It is important to increase a throughput of the salt removal process from uranium deposits which is generated on the solid cathode of electro-refiner in pyroprocess. In this study, it was proposed to increase the throughput of the salt removal process by the separation of the liquid salt prior to the distillation of the LiCl-KCl eutectic salt from the uranium deposits. The feasibility of liquid salt separation was examined by salt separation experiments on a stainless steel sieve. It was found that the amount of salt to be distilled could be reduced by the liquid salt separation prior to the salt distillation. The residual salt remained in the deposits after the liquid salt separation was successfully removed further by the vacuum distillation. It was concluded that the combination of a liquid salt separation and a vacuum distillation is an effective route for the achievement of a high throughput performance in the salt separation process. (author)

  2. Economic prospects of the Integral Fast Reactor (IFR) fuel cycle

    Chang, Y.I.; Till, C.E.

    1991-01-01

    The IFR fuel cycle based on pyroprocessing involves only few operational steps and the batch-oriented process equipment systems are compact. This results in major cost reductions in all of three areas of reprocessing, fabrication, and waste treatment. This document discusses the economic aspects of this fuel cycle

  3. Adoption of IFRS/IAS impacting the companies

    Michaela Baranová

    2013-11-01

    Full Text Available In recent time, there were done marked changes in IAS/IFRS, changes in existing rules. Fifteen standards of IAS have been amended just before the end of 2003 and in course of the first quarter of the year 2004 updating of other standards IAS has been done. The requirement of changes hangs together, among others, also with the recent affairs about the bankruptcies of big companies. In this connection, accelerated and turning changes are proceeding in EU. Since 2005 every EU listed company has to prepare the consolidated financial statements in accordance with IFRS/IAS. Vast survey on the impacts of IFRS adoption was carried by Mazars in 2005. 25 Czech companies have been also interviewed within the study. These Czech companies have exhibit a strong mastery and readiness for the conversion and transition process. Such a summary is quite unwonted in a number of perspectives. But the aim of the author is not to question the study. In the Czech environment, the specific facts in the field of financial reporting and accounting are given. Following these specifics, the truth is that preparing the financial statements in accordance with IFRS/IAS brings undoubtedly valuation and technical entanglements for which the process is costly.

  4. Perbedaan IFRS, U.S. GAAP, Dan PSAK: Investement Property

    L.D., Nunik

    2010-01-01

    International accounting standards convergence which has been done through adopting IFRS completely by DSAK is IAS 40 Investment Property. Based on these adopting, there will be differentiation between IFRS, U.S. GAAP and PSAK. But for PSAK valid in January 1st 2008 (SAK in July 1st 2009), there are no differentiation with IFRS because PSAK adopts IFRS completely, but between IFRS, PSAK and U.S. GAAP have differentiation. This paper will only discuss about the differentiation between IFRS, U....

  5. Immobilization of IFR salt wastes in mortar

    Fischer, D.F.; Johnson, T.R.

    1988-01-01

    Portland cement-base mortars are being considered for immobilizing chloride salt wastes produced by the fuel cycles of Integral Fast Reactors (IFR). The IFR is a sodium-cooled fast reactor with metal alloy fuels. It has a close-coupled fuel cycle in which fission products are separated from the actinides in an electrochemical cell operating at 500/degree/C. This cell has a liquid cadmium anode in which the fuels are dissolved and a liquid salt electrolyte. The salt will be a mixture of either lithium, potassium, and sodium chlorides or lithium, calcium, barium, and sodium chlorides. One method being considered for immobilizing the treated nontransuranic salt waste is to disperse the salt in a portland cement-base mortar that will be sealed in corrosion-resistant containers. For this application, the grout must be sufficiently fluid that it can be pumped into canister-molds where it will solidify into a strong, leach-resistant material. The set times must be longer than a few hours to allow sufficient time for processing, and the mortar must reach a reasonable compressive strength (/approximately/7 MPa) within three days to permit handling. Because fission product heating will be high, about 0.6 W/kg for a mortar containing 10% waste salt, the effects of elevated temperatures during curing and storage on mortar properties must be considered

  6. The International Politics of IFRS Harmonization

    Ramanna, Karthik

    2013-01-01

    The globalization of accounting standards as seen through the proliferation of IFRS worldwide is one of the most important developments in corporate governance over the last decade. I offer an analysis of some international political dynamics of countries' IFRS harmonization decisions. The analysis is based on field studies in three jurisdictions: Canada, China, and India. Across these jurisdictions, I first describe unique elements of domestic political economies that are shaping IFRS polici...

  7. Criticality safety strategy for the Fuel Cycle Facility electrorefiner at Argonne National Laboratory, West

    Mariani, R.D.; Benedict, R.W.; Lell, R.M.; Turski, R.B.; Fujita, E.K.

    1993-01-01

    The Integral Fast Reactor being developed by Argonne National Laboratory (ANL) combines the advantages of metal-fueled, liquid-metal-cooled reactors and a closed fuel cycle. Presently, the Fuel Cycle Facility (FCF) at ANL-West in Idaho Falls, Idaho is being modified to recycle spent metallic fuel from Experimental Breeder Reactor II as part of a demonstration project sponsored by the Department of Energy. A key component of the FCF is the electrorefiner (ER) in which the actinides are separated from the fission products. In the electrorefining process, the metal fuel is anodically dissolved into a high-temperature molten salt and refined uranium or uranium/plutonium products are deposited at cathodes. In this report, the criticality safety strategy for the FCF ER is summarized. FCF ER operations and processes formed the basis for evaluating criticality safety and control during actinide metal fuel refining. In order to show criticality safety for the FCF ER, the reference operating conditions for the ER had to be defined. Normal operating envelopes (NOES) were then defined to bracket the important operating conditions. To keep the operating conditions within their NOES, process controls were identified that can be used to regulate the actinide forms and content within the ER. A series of operational checks were developed for each operation that wig verify the extent or success of an operation. The criticality analysis considered the ER operating conditions at their NOE values as the point of departure for credible and incredible failure modes. As a result of the analysis, FCF ER operations were found to be safe with respect to criticality

  8. Mandatory IFRS Reporting and Stock Price Informativeness

    Beuselinck, C.A.C.; Joos, P.P.M.; Khurana, I.K.; van der Meulen, S.

    2010-01-01

    In this paper, we examine whether mandatory adoption of IFRS influences the flow of firm-specific information and contributes to stock price informativeness as measured by stock return synchronicity. Using a constant sample of 1,904 mandatory IFRS adopters in 14 EU countries for the period 2003-2007, we find a V-shaped pattern in synchronicity around IFRS adoption, which is consistent with IFRS disclosures revealing new firm-specific information in the adoption period (i.e., a reduction of sy...

  9. CONSOLIDATED FINANCIAL STATEMENTS UNDER IFRS

    Tănase Alin-Eliodor; Calotă Traian-Ovidiu

    2013-01-01

    This article is focuses on accounting consolidation techniques and the preparation of consolidation worksheets for the components of financial statements (statement of comprehensive income, statement of changes in equity, and financial position). The presented group includes parent company, two subsidiaries (only one fully controlled by the parent company) and a jointly controlled entity. The financial statements are presented under the following standards IFRS 3 Business Combination, IAS 27 ...

  10. Pyroprocessing of IFR Metal Fuel

    Laidler, J.J.

    1993-01-01

    The Integral Fast Reactor (IFR) fuel cycle features the use of an innovative reprocessing method, known as open-quotes pyroprocessingclose quotes featuring fused-salt electrofining of the spent fuel. Electrofining of IFR spent fuel involves uranium recovery by electro-transport to a solid steel cathode. The thermodynamics of the system preclude plutonium recovery in the same way, so a liquid cadmium cathode located in the electrolyte salt phase is utilized. The deposition of Pu, Am, Np, and Cm takes place at the liquid cadmium cathode in the form of cadmium intermetallic compounds (e.g, PuCd 6 ), and uranium deposits as the pure metal when cadmium saturation is reached. A small amount of rare earth fission products deposit together with the heavy metals at both the solid and liquid cadmium cathodes, providing a significant degree of self-protection. A full scope demonstration of the IFR fuel cycle will begin in 1993, using fuel irradiated in EBR-II

  11. IFR channel-guiding of spinning beams

    O'Brien, K.J.

    1986-06-01

    A simple model is adopted to study the Ion Focussed Regime (IFR) laser channel-guiding of a spinning relativistic electron beam. It is discovered that spinning beams precess about the IFR axis as they damp; whereas, nonspinning beams remain planarly polarized

  12. Mandatory IFRS Reporting and Stock Price Informativeness

    Beuselinck, C.A.C.; Joos, P.P.M.; Khurana, I.K.; van der Meulen, S.

    2010-01-01

    In this paper, we examine whether mandatory adoption of IFRS influences the flow of firm-specific information and contributes to stock price informativeness as measured by stock return synchronicity. Using a constant sample of 1,904 mandatory IFRS adopters in 14 EU countries for the period

  13. Impact of Introduction of IFRS in Russia on Tourism Industry Case: Aeroflot and Russian Railways

    Kondratov, Vladislav

    2014-01-01

    The purpose of writing this thesis is to analyse how the introduction of IFRS could affect Russian tourism industry. Globalization, increased cross-border capital flows and the growing number of foreign direct investments created the necessity of the common international language. The International Financial Reporting Standards were created to serve this need. Russian among number of other countries is in in a process of adopting IFRS, however, the changes which would be brought by adopting I...

  14. The Significance of Reporting Employee Benefits in Accordance with IFRS in the Czech Business Practice

    Hana Vimrová

    2016-12-01

    Full Text Available The aim of the research the results of which are presented in this paper, based on an empirical survey of forty financial statements using IFRS by non-financial companies active in the Czech business environment, is to map the process and scope of reporting of employee benefits by Czech companies applying IFRS in the preparation of their consolidated and individual financial statements and to find out the differences in the extent, detail and relevancy of reporting employee benefits in accordance with IFRS among companies whose securities are publicly traded and other companies as well as to measure the differences in the scope, detail and relevancy of reporting employee benefits in accordance with IFRS among companies which are considered the best employers in the Czech Republic and other companies, including the interpretation of results.

  15. Investor perceptions of potential IFRS adoption in the United States

    Leung, P.Y.E.; Joos, P.P.M.

    2013-01-01

    This paper examines the stock market reaction to 15 events relating to IFRS adoption in the United States. The goal is to assess whether investors perceive the switch to IFRS as beneficial or costly. Our findings suggest that investors' reaction to IFRS adoption is more positive in cases where IFRS

  16. Waste management in IFR [Integral Fast Reactor] fuel cycle

    Johnson, T.R.; Battles, J.E.

    1991-01-01

    The fuel cycle of the Integral Fast Reactor (IFR) has important potential advantage for the management of high-level wastes. This sodium-cooled, fast reactor will use metal fuels that are reprocessed by pyrochemical methods to recover uranium, plutonium, and the minor actinides from spent core and blanket fuel. More than 99% of all transuranic (TRU) elements will be recovered and returned to the reactor, where they are efficiently burned. The pyrochemical processes being developed to treat the high-level process wastes are capable of producing waste forms with low TRU contents, which should be easier to dispose of. However, the IFR waste forms present new licensing issues because they will contain chloride salts and metal alloys rather than glass or ceramic. These fuel processing and waste treatment methods can also handle TRU-rich materials recovered from light-water reactors and offer the possibility of efficiently and productively consuming these fuel materials in future power reactors

  17. R and D status of oxide electro-refining reprocessing technology

    Myochin, Munetaka

    2005-01-01

    The oxide electro-refining pyrochemical reprocessing is excellent in the resistivity against nuclear material diversion and in the suitability for oxide fuel cycle and has an excellent affinity for the technology of fuel production using the vibropac method. The oxide electro-refining pyrochemical reprocessing system has therefore been examined as a part of studies of commercialization of FBR cycle. This report outlines the examination results of fundamental data acquired for the system design. (M.H.)

  18. First principles study of the thermodynamic and kinetic properties of U in an electrorefining system using molybdenum cathode and LiCl-KCl eutectic molten salt

    Kwon, Choah; Kang, Joonhee; Kang, Woojong; Kwak, Dohyun; Han, Byungchan

    2016-01-01

    Using first principles density functional theory (DFT) calculations we obtain thermodynamic and kinetic properties of U in an electrorefining process for spent nuclear fuels using a LiCl-KCl eutectic molten salt and Mo as a cathode. The thermodynamic stability of electrodeposited U from the molten salt onto the Mo(110) surface electrode is evaluated by activity coefficients as function of surface coverages of U and Cl. Additionally, ab-initio molecular dynamic simulations combined with the Stokes-Einstein-Sutherland relation enables us to calculate the viscosity of the LiCl-KCl eutectic molten salt. Our results well agree with previously reported experimental data endorsing the credibility. Based on our atomic-level mechanical understanding we propose that an accurate computational model system incorporating the electrochemical conditions of the electrorefining process essential for the purpose of establishing thermodynamic and kinetic database of U, otherwise critical deviations are inevitable. More interestingly, the effect of coadsorption of Cl with U on the Mo(110) surface plays a key role in stabilizing electrodeposited U on the cathode. Our approach can be useful for validating published experimental database and for identifying key factors guiding a rational design of highly efficient electrorefining system for spent nuclear fuels, and thus reducing high-level radioactive nuclear wastes.

  19. Contribution to the knowledge of the mechanism of the electrorefining of uranium in fused salt baths (1961)

    Boisde, G.; Chauvin, G.; Coriou, H.; Hure, J.

    1961-01-01

    Very pure uranium can be obtained by electrorefining under the following conditions: electrolyte: UCl 3 (ca. 30 per cent wt.) dissolved in LiCl-KCl eutectic, cathode: molybdenum, atmosphere: argon, temperature: 400-450 deg. C. The detailed mechanism of the refining process has been hitherto unknown. Electrode-potential studies undertaken to fill this gap have shown that: 1. UCl prepared according to Newton contains an impurity (perhaps UH 3 ) that interferes with the yield of the cathode deposit. We propose a treatment to eliminate this impurity. 2. The quasi-reversible character of the system U +3 ↔U 0 is the principal reason for the production of high purity uranium. The cathodic deposition and anodic dissolution seem to be primary reactions. 3. The presence of moisture in the molten bath has a very harmful influence on the overall electrorefining process: the uranium obtained contains many impurities; the cathode current efficiency falls from 80 to about 10 per cent; and the anode is substantially corroded, the apparent anode current efficiency rising from 90 to about 120 per cent. An interpretation of these effects is given, based on the experimental polarization curves. (authors) [fr

  20. IFRS for SMEs: Is this the solution to the problem for the application of the international regulation?

    Rafael Molina Llopis

    2014-02-01

    Full Text Available The IFRS for SMEs is of the size of its scope, a key player in the international accounting harmonization process. After a brief reference to the IASB’s role in this process, this paper makes a description of the steps followed for the issuance of IFRS for SMEs and their relevant characteristics, to continue with a comparative analysis of the main differences with full IFRS. Finally, the document contains some reflections related to the practical difficulties facing the process of implementing international standards and possible solutions, according to the author, be considered.

  1. IFRS 9 for financial institutions : the case for IFRS and FinRep-taxonomies : a conceptual gap analysis

    Beerbaum, Dirk; Piechocki, Maciej

    2017-01-01

    Manuscript Type: Theoretical Main topic: A tsunami of regulations since the 2013 financial crisis is steering toward’s Europe’s financial service sector. At the same time the accounting standard for financial institutions’ core products the financial instruments will be changing. As disclosures according to IFRS 9 become mandatory by 2018, the existing IFRS Taxonomy for IFRS 9 already developed by the IFRS Foundation, represents a suitable and objective framework to assess IFRS 9 impact on di...

  2. Contractibility of financial statement information prepared under IFRS: Evidence from debt contracts around IFRS adoption

    Shivakumar, L; Ball, R; Li, X

    2015-01-01

    We outline several properties of IFRS that potentially affect the contractibility or the transparency of financial statement information, and hence the use of that information in debt contracts. Those properties include the increased choice among accounting rules IFRS gives to managers, enhanced rule-making uncertainty, and increased emphasis on fair value accounting. Consistent with reduced contractibility of IFRS financial statement information, we find a significant reduction in accounting...

  3. On hedge effectiveness assessment under IFRS 9

    Jatinder Pal Singh

    2018-02-01

    Full Text Available IFRS 9 has introduced certain radical changes to the hedge effectiveness assessment criteria of IAS 39 for entities desirous of availing hedge accounting. It is necessary for business entities contemplating the use of financial derivatives for hedging purposes to appreciate the nuances associated with the upstaged provisions of hedge accounting of IFRS 9 in context of hedge effectiveness requirements envisaged therein. The present article addresses this issue and provides a threadbare analysis of the fundamental model on which the IFRS 9 hedge effectiveness assessment is premised.

  4. IFRS Adoption, Firm Traits and Audit Timeliness: Evidence from Nigeria

    Musa Inuwa Fodio

    2015-06-01

    Full Text Available Audit timeliness is an important ingredient of quality financial reporting. Stale information might only benefit little to stakeholders in their decision making process. With the recent adoption of the International Financial Reporting Standards in Nigeria, the work of the auditor has seemingly become complicated. The question then emerges, if such adoption affects the timeliness of audit reports. This study empirically investigates the impact of IFRS adoption and other associated explanatory variables on audit timeliness in Nigerian deposit money banks for the period 2010 to 2013. Panel regression analysis reveals a positive significant impact of IFRS adoption on audit timeliness. Results also indicate that firm age, firm size and auditor firm type are significant predictors of audit timeliness in Nigeria deposit money banks. The study recommends that auditor firms should make stringent efforts to acclimatize with the complexities of the IFRS transition process so as to reduce audit report delays. Also reporting agencies should come up with regulations, deadlines and benchmarks for issuance of independent audit reports.

  5. Pyrometallurgical partitioning of uranium and transuranic elements from rare earth elements by electrorefining and reductive extraction

    Uozumi, Koichi; Kinoshita, Kensuke; Inoue, Tadashi; Storvick, T.S.; Krueger, C.L.; Nabelek, C.R.

    2001-01-01

    High-level liquid waste generated from PUREX reprocessing contains a small amount of transuranic elements, such as Np, Pu, Am, and Cm, with long-lived radioactivities. A pyrometallurgical partitioning process is being developed to recover transuranic elements from such waste. Small amounts of U contained in the high-level liquid waste are also recovered in the process. A key issue for developing the process is effective separation of U and the transuranic elements from the rare-earth elements, because the two elemental groups are chemically analogous. A series of process tests were carried out in the present study to demonstrate that a combination of electrorefining and reductive extraction is useful for separating U and transuranic elements from the rare-earth elements. The results indicate that 99% of U and each transuranic elements is recovered by the combination process as a product, and that the quantity of rare-earth elements contained in the product is smaller than the transuranic elements by weight. The overall mass balance of U and transuranic elements in the system ranged within the experimental errors assigned to sampling and analysis. (author)

  6. Recent innovations in IFR safety research

    Wade, D.C.

    1994-01-01

    Recent progress in IFR safety research suggests potential for two extensions of passive features to improve the robustness of safety response. This report provides a discussion of these recent innovations

  7. Issues in Fair Value Accounting under IFRS

    Bischof, Jannis

    2008-01-01

    The dissertation presents theoretical evidence for inconsistencies in fair value accounting under IFRS, experimental evidence for biases in risk perception of fair values and empirical evidence for discretion in banks' disclosure policies with respect to fair value measurement.

  8. The importance of the IFRS in India

    Ntoung A. T. Lious

    2016-07-01

    Full Text Available In this article the authors study the impact of the mandatory International Financial Reporting Standard (IFRS adoption has on the value relevance of accounting numbers based on a sample of 440 listed firms. The aim is to identify the effects of the mandatory IFRS adoption by relying on panel data gathered over the period 2002 to 2012 resulting in more than 4,840 firm-year observations. Two models of Panel regression (stock returns and price models were employed. The main finding shows that the adoption of IFRS across the studied period results to some improvement in the value relevance of accounting information with the stock return model. With respect to the price models, our result shows that there was slight difference in the value relevance of accounting information after the mandatory IFR adoption across India listed firms.

  9. Comparability Effects of Mandatory IFRS Adoption

    Stefano Cascino; Joachim Gassen

    2012-01-01

    The mandatory adoption of IFRS by many countries worldwide fuels the expectation that financial accounting information might become more comparable across countries. This expectation is opposed to an alternative view that stresses the importance of incentives in shaping accounting information. We provide early evidence on this debate by investigating the effects of mandatory IFRS adoption on the comparability of financial accounting information around the world. Using two comparability proxie...

  10. Mandatory IFRS adoption and accounting comparability

    Cascino, Stefano; Gassen, Joachim

    2010-01-01

    The adoption of IFRS by many countries worldwide fuels the expectation that financial accounting might become more comparable across countries. This expectation is opposed to an alternative view that stresses the importance of incentives in shaping accounting information. We provide early evidence on this debate by investigating the effects of mandatory IFRS adoption on the comparability of financial accounting information around the world. Our results suggest that while mandatory adoption of...

  11. Network Effects in Countries' Adoption of IFRS

    Ramanna, Karthik; Sletten, Ewa

    2014-01-01

    If the differences in accounting standards across countries reflect relatively stable institutional differences (e.g., auditing technology, the rule of law, etc.), why did several countries rapidly, albeit in a staggered manner, adopt IFRS over local standards in the 2003–2008 period? We test the hypothesis that perceived network benefits from the extant worldwide adoption of IFRS can explain part of countries' shift away from local accounting standards. That is, as more jurisdictions with ec...

  12. Implementing IFRS in the banking system

    Gabriela LAZAR; Gabriela SANDU

    2012-01-01

    The use of IFRS in the banking system improves transparency and comparability of accounts for investors and other stakeholders, and consequently can have a positive impact through improving access to capital and funding. Also, greater transparency and comparability of reporting is the way to go in the aftermath of the crisis. The UK is strongly of the view that Europe should use IFRS as published by the International Accounting Standards Board. As part of the overall response to the financial...

  13. INTRODUCING IFRS IN INTRODUCTORY FINANCIAL ACCOUNTING COURSES

    Katherine Kinkela; Peter Harris; John Malindredos

    2010-01-01

    With the possibility that International Financial Reporting Standards (IFRS)may replace or may change substantially the US Generally Accepted Accounting Principles (GAAP) standards currently in place within the next decade, there is a question for accounting educators about how much of the current accounting curriculum should be devoted to IFRS. This is especially critical in the first levels of accounting, where the fundamentals of accounting are learned. While the major accounting firms are...

  14. IFRS Handbook for SMEs in Finland

    Farley, Andre

    2016-01-01

    Globalisation has led to greater competition among businesses the world over to attract stakeholders who can positively affect their business on international and global markets. To facilitate competition financial statements should be understandable and comparable to similar businesses. IFRS has become the de facto financial reporting stan-dard of the world. Finnish SMEs involved in international trade are not using IFRS, though a simple version exist for SMEs the switch from Finnish Account...

  15. Adoption of IFRS in Brazil: Effects on Accounting Conservatism

    Erivelto Fioresi de Sousa

    2016-06-01

    Full Text Available The objective in this study is to investigate the effect of the adoption of the International Financial Reporting Standards (IFRS on the degree of conditional conservatism in the financial statements of companies listed on BM&FBOVESPA. Considering that the convergence process with the international standards aims for the standardization of accounting information disclosure and the enhancement of its quality, the goal was to investigate the quality standards of the accounting information in Brazilian companies after the adoption of the IFRS in the phases characterized by the period 2008, when accounting pronouncements (CPC 1 to 14 were adopted, and as from 2010, when the adoption of the full IFRS became compulsory. Therefore, a sample of financial statements was used from 320 companies listed on BM&FBOVESPA between 2000 and 2012. As a proxy of information quality, the attribute Conservatism was used, as proposed by Basu (1997 and Ball and Shivakumar (2005. The results did not evidence changes in the degree of conservatism in the statements analyzed.

  16. Le processus d'appropriation du référentiel IAS/IFRS : Une analyse des pratiques organisationnelles

    Couleau-Dupont, Annelise

    2010-01-01

    International audience; The matter of this paper aims to present the appropriation process of the IAS/IFRS in organizations regarded as identifiable forms where there are collective actions (Crozier and Friedberg 1977). Reflection leans to work on innovations, management tools and their appropriation. Our qualitative study, based on two case studies, can show that the IAS/IFRS, like any management tool, generates change within organizations and that its adoption requires a long process of own...

  17. Actinide recycle potential in the integral fast reactor (IFR) fuel cycle

    Chang, Y.I.; Till, C.E.

    1991-01-01

    In the Integral Fast Reactor (IFR) development program, the entire reactor system -- reactor, fuel cycle, and waste process is being developed and optimized at the same time as a single integral entity. The use of metallic fuel in the IFR allows a radically improved fuel cycle technology. Based on the recent IFR process development, a preliminary assessment has been made to investigate the feasibility of further adapting pyrochemical processes to directly extract actinides from LWR spent fuel. The results of this assessment indicate very promising potential and two most promising flowsheet options have been identified for further research and development. This paper also summarizes current thinking on the rationale for actinide recycle, its ramifications on the geologic repository and the current high-level waste management plans, and the necessary development programs

  18. Solution-derived sodalite made with Si- and Ge-ethoxide precursors for immobilizing electrorefiner salt

    Riley, Brian J., E-mail: brian.riley@pnnl.gov; Lepry, William C.; Crum, Jarrod V.

    2016-01-15

    Chlorosodalite has the general form of Na{sub 8}(AlSiO{sub 4}){sub 6}Cl{sub 2} and this paper describes experiments conducted to synthesize sodalite with a solution-based approach to immobilize a simulated spent electrorefiner salt solution containing a mixture of alkali, alkaline earth, and lanthanide chlorides. The reactants used were the salt solution, NaAlO{sub 2}, and either Si(OC{sub 2}H{sub 5}){sub 4} or Ge(OC{sub 2}H{sub 5}){sub 4}. Additionally, seven different glass sintering aids (at loadings of 5 mass%) were evaluated as sintering aids for consolidating the as-made powders using a cold-press-and-sinter technique. This process of using alkoxide additives for the Group IV component can be used to produce large quantities of sodalite at near-room temperature as compared to a method where colloidal silica was used as the silica source. However, the small particle sizes inhibited densification during heat treatments.

  19. (A new application in segment reporting: IFRS 8)

    Arsoy, Aylin Poroy

    2008-01-01

    IFRS 8 Operating Segments issued by the International Accounting Standards Board (IASB) on December 30th, 2006, changes the requirements of segment reporting. IAS 14 will cease to be effective when IFRS 8 will become effective from the beginning of 2009. After then, companies will be required to follow IFRS 8 for their segment reporting purposes. The main difference between IFRS 8 and IAS 14 is the approach that is adopted while determining the reportable segments. Also, it should be mentione...

  20. A model for recovery of scrap monolithic uranium molybdenum fuel by electrorefining

    Van Kleeck, Melissa A.

    The goal of the Reduced Enrichment for Research and Test Reactors program (RERTR) is toreduce enrichment at research and test reactors, thereby decreasing proliferation risk at these facilities. A new fuel to accomplish this goal is being manufactured experimentally at the Y12 National Security Complex. This new fuel will require its own waste management procedure,namely for the recovery of scrap from its manufacture. The new fuel is a monolithic uraniummolybdenum alloy clad in zirconium. Feasibility tests were conducted in the Planar Electrode Electrorefiner using scrap U-8Mo fuel alloy. These tests proved that a uranium product could be recovered free of molybdenum from this scrap fuel by electrorefining. Tests were also conducted using U-10Mo Zr clad fuel, which confirmed that product could be recovered from a clad version of this scrap fuel at an engineering scale, though analytical results are pending for the behavior of Zr in the electrorefiner. A model was constructed for the simulation of electrorefining the scrap material produced in the manufacture of this fuel. The model was implemented on two platforms, Microsoft Excel and MatLab. Correlations, used in the model, were developed experimentally, describing area specific resistance behavior at each electrode. Experiments validating the model were conducted using scrap of U-10Mo Zr clad fuel in the Planar Electrode Electrorefiner. The results of model simulations on both platforms were compared to experimental results for the same fuel, salt and electrorefiner compositions and dimensions for two trials. In general, the model demonstrated behavior similar to experimental data but additional refinements are needed to improve its accuracy. These refinements consist of a function for surface area at anode and cathode based on charge passed. Several approximations were made in the model concerning areas of electrodes which should be replaced by a more accurate function describing these areas.

  1. Effects of IFRS adoption on tax avoidance

    Renata Nogueira Braga

    Full Text Available ABSTRACT This study investigates the association between mandatory International Financial Reporting Standards (IFRS adoption and corporate tax avoidance. In this study, tax avoidance is defined as a reduction in the effective corporate income tax rate through tax planning activities, whether these are legal, questionable, or even illegal. Three measures of tax avoidance are used and factors at the country and firm level (that have already been associated with tax avoidance in prior research are controlled. Using samples that range from 9,389 to 15,423 publicly-traded companies from 35 countries, covering 1999 to 2014, it is found that IFRS adoption is associated with higher levels of corporate tax avoidance, even when the level of book-tax conformity required in the countries and the volume of accruals are controlled, both of which are considered potential determinants of this relationship. Furthermore, the results suggest that after IFRS adoption, firms in higher book-tax conformity environments engage more in tax avoidance than firms in lower book-tax conformity environments. It is also identified that engagement in tax avoidance after IFRS adoption derives not only from accruals management, but also from practices that do not involve accruals. The main conclusion is that companies engage more in tax avoidance after mandatory IFRS adoption.

  2. Applying IFRS 9 to Central Banks Foreign Reserves

    World Bank

    2016-01-01

    Effective January 1, 2018, IFRS 9 Financial Instruments will replace IAS 39 Financial Instruments: Recognition and Measurement (IAS 39). Unlike most publications on IFRS 9, this paper focuses primarily on the application of the new standard on central banks’ foreign reserve assets, which increasingly constitute a substantial part of central banks’ balance sheet. Based on IFRS 9 implementa...

  3. HAVE WE REALLY BEEN USING THE INTERNATIONAL FINANCIAL REPORTING STANDARDS (IFRS SINCE 2005? CASE OF TURKEY

    Melissa N. Cagle

    2015-01-01

    Full Text Available Starting from the year 2002, the Turkish national regulatory agency hasundertaken an extensive role in the convergence efforts towards IFRS. In order tosupport the transition, the Turkish Capital Markets Board (TCMB implementedseveralversionsof IFRS,regulatory practices and compliance requirements- allover the course of 15 years. The first effort undertaken in the road to IFRStransition was the issuance of Series XI, No: 25 by the TCMB. However, SeriesXI, No: 25 was not fully compatible with the international standard set and SeriesXI, No: 27 was put into effect in order to allow the companies to refer to theoriginal IFRS when necessary. This has created three groups of reportingcompanies; Series XI, no: 25 users, IAS/IFRS users and mixed usersof both sets.Nobes (2006 states that there is a risk that the process of translation will changeor lose meaning from the original version of the standard and as these variousIFRS are given legal status in various countries, this approach can potentially leadto application differences between jurisdictions. In line with this argument, theaim of the current study is to discuss impact of these differences on financialreport comparability and analysis in Turkey.

  4. OLICIES AND PRACTICES FOR IMPLEMENTATION OF IFRS AND NAS IN THE REPUBLIC OF MOLDOVA

    Lica\tERHAN

    2015-06-01

    Full Text Available This study aims to analyse the process of harmonization of national accounting standards of the Republic of Moldova to the international standards. It highlights the main advantages, disadvantages, risks and opportunities regarding the implementation of the new standards. A major step for the Republic of Moldova was the implementation of IFRS, which has become mandatory for all public interest entities from 1 January 2012 and the adoption of new NAS in accordance with EU Directives and IFRS for small and medium-sized entities, for which the transition to IFRS was difficult due to high costs involved. The new NAS came into force on 1 January 2014 as a recommendation, but starting with 1st January 2015 it will be mandatory for all entities. The paper includes a practical analysis of the impact of transition to IFRS on the financial results of a public interest entity- Moldova Agroindbank, which is the largest commercial bank, with the highest market share in the banking sector of the Republic of Moldova. A result of the analysis of primary and secondary indicators calculated on the base of the financial statements prepared by commercial bank at 31.12.11, we found that the transition to IFRS has resulted in the growth of all financial indicators.

  5. Roadmap for disposal of Electrorefiner Salt as Transuranic Waste.

    Rechard, Robert P. [Sandia National Lab. (SNL-NM), Albuquerque, NM (United States); Trone, Janis R. [Sandia National Lab. (SNL-NM), Albuquerque, NM (United States); Kalinina, Elena Arkadievna [Sandia National Lab. (SNL-NM), Albuquerque, NM (United States); Wang, Yifeng [Sandia National Lab. (SNL-NM), Albuquerque, NM (United States); Hadgu, Teklu [Sandia National Lab. (SNL-NM), Albuquerque, NM (United States); Sanchez, Lawrence C. [Sandia National Lab. (SNL-NM), Albuquerque, NM (United States)

    2017-12-01

    The experimental breeder reactor (EBR-II) used fuel with a layer of sodium surrounding the uranium-zirconium fuel to improve heat transfer. Disposing of EBR-II fuel in a geologic repository without treatment is not prudent because of the potentially energetic reaction of the sodium with water. In 2000, the US Department of Energy (DOE) decided to treat the sodium-bonded fuel with an electrorefiner (ER), which produces metallic uranium product, a metallic waste, mostly from the cladding, and the salt waste in the ER, which contains most of the actinides and fission products. Two waste forms were proposed for disposal in a mined repository; the metallic waste, which was to be cast into ingots, and the ER salt waste, which was to be further treated to produce a ceramic waste form. However, alternative disposal pathways for metallic and salt waste streams may reduce the complexity. For example, performance assessments show that geologic repositories can easily accommodate the ER salt waste without treating it to form a ceramic waste form. Because EBR-II was used for atomic energy defense activities, the treated waste likely meets the definition of transuranic waste. Hence, disposal at the Waste Isolation Pilot Plant (WIPP) in southern New Mexico, may be feasible. This report reviews the direct disposal pathway for ER salt waste and describes eleven tasks necessary for implementing disposal at WIPP, provided space is available, DOE decides to use this alternative disposal pathway in an updated environmental impact statement, and the State of New Mexico grants permission.

  6. Adopsi IFRS dan Relevansi Nilai Informasi Akuntansi

    Nur Cahyonowati

    2012-01-01

    Full Text Available This objective of this research is to explore the quality of accounting information before and after the adoption of IFRS on Indonesian Accounting Standards. This research explored the value relevance of earnings as one dimension of the quality of accounting information. High quality of accounting information refers to high relevancy. The adoption of new stan­dards is predicted not to increase the quality of accounting information regarding the environmental factor in Indonesia. The population of this research is public company listed on the Jakarta Stock Exchange from 2008–2011. The results suggested that the application of IFRS-based  standards has not incrased the quality of accounting information in Indonesia. The relevance of accunting earnings has not increased significantly after the adoption of IFRS-based standards.

  7. The Influence of IFRS Adoption on Corporate Transparency and Accountability: Evidence from New Zealand

    Jude Edeigba; Felix Amenkhienan

    2017-01-01

    This study investigates the implications of the gap between International Financial Reporting Standards (IFRS) and New Zealand International Financial Reporting Standards (NZIFRS) on financial reporting transparency, accountability and corporate fraud. Content analysis of IFRS and NZIFRS was carried out to determine if there are differences between IFRS and NZIFRS. Four IFRS, namely IAS 12, IFRS 13, IFRS 15, IAS 17 and IFRS 16 were analysed on the basis of adoption concessions and...

  8. FAIR VALUE MEASUREMENT UNDER IFRS 13

    COZMA IGHIAN DIANA

    2015-07-01

    Full Text Available The IFRS 13, „Fair Value Measurement”, was first published in May 2011 and it applies to annual reporting periods that begin on or after January 1st 2013; this standard comes as a result of shared efforts on the part of the IASB and the FASB to develop a convergent framework regarding fair value measurement. The main purpose of this paper is to describe the main provisions of the IFRS 13 regarding fair value measurement, with a special emphasis on key concepts found throughout the standard, which refer to the principal market, the most advantageous market, the highest and best use, valuation techniques, and value hierarchy.

  9. Transition from US GAAP to IFRS: Analysis of Impact on Income Tax Administration in USA

    Roe, Jana

    2014-01-01

    When SEC and FASB started considering replacing US GAAP with IFRS, the impact of this change had to be considered by the various stakeholders in the financial reporting process in the U.S., including the various preparers and users of financial statements, including the Tax Administration, IRS. Since 2009, taxpayers in the U.S. are allowed to use IFRS as a starting point for reconciliation of book results to taxable income or loss, an option utilized by approximately 200 companies in that yea...

  10. Progress and status of the Integral Fast Reactor (IFR) development program

    Chang, Yoon I.

    1992-01-01

    In the Integral Fast Reactor (IFR) development program, the entire reactor system -- reactor, fuel cycle, and waste process is being developed and optimized at the same time as a single integral entity. The ALMR reactor plant design is being developed by an industrial team headed by General Electric and is presented in a companion paper. Detailed discussions on the present status of the IFR technology development activities in the areas of fuels, pyroprocessing, safety, core design, and fuel cycle demonstration are presented in the other two companion papers that follows this

  11. Progress and status of the Integral Fast Reactor (IFR) development program

    Chang, Yoon I.

    1992-04-01

    In the Integral Fast Reactor (IFR) development program, the entire reactor system -- reactor, fuel cycle, and waste process is being developed and optimized at the same time as a single integral entity. The ALMR reactor plant design is being developed by an industrial team headed by General Electric and is presented in a companion paper. Detailed discussions on the present status of the IFR technology development activities in the areas of fuels, pyroprocessing, safety, core design, and fuel cycle demonstration are presented in the other two companion papers that follows this.

  12. Progress and status of the Integral Fast Reactor (IFR) development program

    Chang, Yoon I.

    1992-01-01

    In the Integral Fast Reactor (IFR) development program, the entire reactor system -- reactor, fuel cycle, and waste process is being developed and optimized at the same time as a single integral entity. The ALMR reactor plant design is being developed by an industrial team headed by General Electric and is presented in a companion paper. Detailed discussions on the present status of the IFR technology development activities in the areas of fuels, pyroprocessing, safety, core design, and fuel cycle demonstration are presented in the other two companion papers that follows this.

  13. REVENUE RELATED TO ORDINARY ACTIVITIES ACCORDING TO IFRS AND ROMANIAN REGULATIONS

    ECOBICI NICOLAE

    2014-05-01

    Full Text Available In this paper I present the differences and similarities between IFRS and Romanian GAAP regarding revenue, respectively between IAS 18 and other standards and MPF Order no. 3055 from 2009. A major problem is the recognition of revenue. In this matter IASB and Minister of Public Finance from Romania have similar, yet some different opinions. For example, IFRS has three revenue standards and four revenue interpretations. In the end I shall debate and investigate the convergence process and the similarities and differences between national and international provisions.

  14. Summary of beryllium electrorefining technology developed by KBI Division of Cabot Berylco Inc

    Pistole, C.O.

    1983-01-01

    Proprietary beryllium electrorefining technology has been purchased from the KBI Division of Cabot Berylco Inc. by Rockwell International, Rocky Flats Plant, as part of a DOE beryllium option study. This technology has been reviewed and is summarized. 12 figures, 7 tables

  15. Experiments in anodic film effects during electrorefining of scrap U-10Mo fuels in support of modeling efforts

    Van Kleeck, M. [School of Nuclear Engineering, Purdue University, West Lafayette, IN 47907 (United States); Chemical Sciences and Engineering Division, Argonne National Laboratory, Argonne, IL 60439 (United States); Willit, J.; Williamson, M.A. [Chemical Sciences and Engineering Division, Argonne National Laboratory, Argonne, IL 60439 (United States); Fentiman, A.W. [School of Nuclear Engineering, Purdue University, West Lafayette, IN 47907 (United States)

    2013-07-01

    A monolithic uranium molybdenum alloy clad in zirconium has been proposed as a low enriched uranium (LEU) fuel option for research and test reactors, as part of the Reduced Enrichment for Research and Test Reactors program. Scrap from the fuel's manufacture will contain a significant portion of recoverable LEU. Pyroprocessing has been identified as an option to perform this recovery. A model of a pyroprocessing recovery procedure has been developed to assist in refining the LEU recovery process and designing the facility. Corrosion theory and a two mechanism transport model were implemented on a Mat-Lab platform to perform the modeling. In developing this model, improved anodic behavior prediction became necessary since a dense uranium-rich salt film was observed at the anode surface during electrorefining experiments. Experiments were conducted on uranium metal to determine the film's character and the conditions under which it forms. The electro-refiner salt used in all the experiments was eutectic LiCl/KCl containing UCl{sub 3}. The anodic film material was analyzed with ICP-OES to determine its composition. Both cyclic voltammetry and potentiodynamic scans were conducted at operating temperatures between 475 and 575 C. degrees to interrogate the electrochemical behavior of the uranium. The results show that an anodic film was produced on the uranium electrode. The film initially passivated the surface of the uranium on the working electrode. At high over potentials after a trans-passive region, the current observed was nearly equal to the current observed at the initial active level. Analytical results support the presence of K{sub 2}UCl{sub 6} at the uranium surface, within the error of the analytical method.

  16. High-temperature distillation and consolidation of U–Zr cathode product from molten salt electrorefining of simulated metallic fuel

    Iizuka, Masatoshi; Akagi, Masaaki; Koyama, Tadafumi

    2014-01-01

    High-temperature distillation experiments were performed using U–Zr cathode products of various compositions to obtain knowledge on suitable operation conditions and equipment design such as the container material. The LiCl–KCl–UCl 3 electrolyte adhering to the U–Zr cathode products was almost completely vaporized at 1273–1573 K, under pressure of 10–300 Pa. Massive ingots were obtained from the remaining cathode products by heating them at 1573–1673 K. Three different phases were identified in a distillation product of a higher Zr content. A U-rich bulk (3.9 wt% Zr) and a deposit of a relatively low Zr content (17.2 wt% Zr) were considered to be formed during the cooling process of the distillation product. Another Zr-rich deposit (64.7 wt% Zr), which might cause the inhomogeneity of product ingots, was expected to result from Zr-rich spots that originally existed in the cathode product. The Cl content in the cathode product was decreased by distillation to less than 1/200 of that after electrorefining, while it was markedly larger at a higher Zr concentration. To limit the amount of Zr-rich deposit and the Cl content, the amount of Zr in the distillation product should be controlled to a sufficiently low level by optimization of the operating procedures and conditions in the electrorefining and distillation steps. The zirconia coating material developed in this study showed superior performance in inhibiting reaction between the melted U–Zr alloy melt and the graphite crucible and also in the easy release of the U–Zr ingot from the crucible

  17. Performance Test of the Salt transfer and Pellet fabrication of UCl3 Making Equipment for Electrorefining

    Woo, M. S.; Jin, H. J.; Park, G. I.; Park, S. B.

    2014-01-01

    The process to produce a uranium chloride salt includes two steps: a reaction process of gaseous chlorine with liquid cadmium to form the CdCl 2 occurring in a Cd layer, followed by a process to produce UCl 3 by the reaction of U in the LiCl-KCl eutectic salt and CdCl 2 . Chemical reaction is next chlorination reaction; - Cd chlorination : Cd + Cl2 → CdCl 2 - U chlorination : 3CdCl2 + 2U → 3Cd + 2UCl 3 The apparatus for producing UCl 3 consists of a chlorine gas generator, a uranium chlorinator, a Cd distiller, the pelletizer, a off-gas wet scrubber and a dry scrubber. Salt transfer system set among reactors to transfer salt at 500 .deg. C. The temperature of the reactants is maintained at about 600 .deg. C. After the reaction is completed in the uranium chlorinator, The Salt product is transferred to the Cd distiller to decrease residual Cd concentration in the salts, and then salt is transferred to the mould of pelletizer by a transfer system to fabricate pellet type salt. Performance test of the salt transfer and pellet fabrication of its equipment was tested in this work. Performance test of the salt transfer and pellet fabrication of UCl3 making equipment for Electrorefining carried out in this work. The result of equipment test is that melted salt at 600 .deg. C was easy transferred by salt transfer equipment heated at 500 .deg. C. In this time, salt transfer was carried out by argon gas pressurization at 3bar. When velocity of salt transfer was controlled under reduce pressure, velocity of salt transfer was difficult to control. And when salt pellet was fabricated by the mold of pelletizer heated at 90 .deg. C better than mold of pelletizer heated at 200 .deg. C because salt melted prevent leakage from mold of pelletizer

  18. The IFR modern nuclear fuel cycle

    Hannum, W.H.

    1991-01-01

    Nuclear power is an essential component of the world's energy supply. The IFR program, by returning to fundamentals, offers a fresh approach to closing the nuclear fuel cycle. This closed fuel cycle represents the ultimate in efficient resource utilization and environmental accountability. 35 refs., 2 tabs.

  19. The IFR modern nuclear fuel cycle

    Hannum, W.H.

    1991-01-01

    Nuclear power is an essential component of the world's energy supply. The IFR program, by returning to fundamentals, offers a fresh approach to closing the nuclear fuel cycle. This closed fuel cycle represents the ultimate in efficient resource utilization and environmental accountability. 35 refs., 2 tabs

  20. Progress and status of the integral fast reactor (IFR) fuel cycle development

    Till, C.E.; Chang, Y.I.

    1993-01-01

    The Integral Fast Reactor (IFR) fuel cycle holds promise for substantial improvements in economics, diversion-resistance, and waste management. This paper discusses technical features of the IFR fuel cycle, its technical progress, the development status, and the future plans and directions. The Integral Fast Reactor (IFR) fuel cycle, is based on the use of a metallic fuel alloy (U-Pu-Zr) that permits use of an innovative method for processing of spent fuel. This method, a combination of pyrometallurgical and electrochemical processes, has been termed pyroprocessing. It offers the advantages of a simple, compact processing system and limited volumes of stabilized high-level wastes. This translates to an economically viable system that is likely to receive favorable public response, particularly when combined with the other attributes of the Integral Fast Reactor. Substantial progress has been made in the development of the IFR pyroprocessing method. A comprehensive demonstration of the process will soon begin at the Argonne National Laboratory Idaho site, using spent fuel from the EBR-II reactor. An important advantage of the IFR is its ability to recycle fuel in the process of power generation, extending fuel resources by a considerable amount and assuring the continued viability of nuclear power stations by reducing dependence on external fuel supplies. Pyroprocessing is the means whereby the recycle process is accomplished. It can also be applied to the recovery of fuel constituents from spent fuel generated in the process of operation of conventional light water reactor power plants, offering the means to recover the valuable fuel resources remaining in that material

  1. Mass tracking and material accounting in the Integral Fast Reactor (IFR)

    Orechwa, Y.; Adams, C.H.; White, A.M.

    1991-01-01

    The Integral Fast Reactor (IFR) is a generic advanced liquid metal cooled reactor concept being developed at Argonne National Laboratory (ANL). There are a number of technical features of the IFR which contribute to its potential as a next-generation reactor. These are associated with large safety margins with regard to off-normal events involving the heat transport system, and the use of metallic fuel which makes possible the utilization of innovative fuel cycle processes. The latter feature permits fuel cycle closure the compact, low-cost reprocessing facilities, collocated with the reactor plant. These primary features are being demonstrated in the facilities at ANL-West, utilizing Experimental Breeder Reactor 2 and the associated Fuel Cycle Facility (FCF) as an IFR prototype. The demonstration of this IFR prototype includes the design and implementation of the Mass-Tracking System (MTG). In this system, data from the operations of the FCF, including weights and batch-process parameters, are collected and maintained by the MTG running on distributed workstations. The components of the MTG System include: (1) an Oracle database manager with a Fortran interface, (2) a set of MTG ''Tasks'' which collect, manipulate and report data, (3) a set of MTG ''Terminal Sessions'' which provide some interactive control of the Tasks, and (4) a set of servers which manage the Tasks and which provide the communications link between the MTG System and Operator Control Stations, which control process equipment and monitoring devices within the FCF

  2. Pengadopsian Standar Akuntansi Berbasis IFRS, Kepemilikan Keluarga, dan Manajemen Laba

    Kadek Trisna Dwiyanti

    2017-06-01

    Full Text Available Abstract This study examines the effect of IFRS adoption and family ownership on earnings management. This study also extends the current literature by examining the interacting effect between IFRS adoption and family ownership on earnings management. Data are obtained from Bloomberg database and Malaysia stock exchange for the period 2010-2013. Using multiple regression analysisis, this study found that firms exhibit less earnings management after IFRS adoption. This finding is consistent with the argument that IFRS are claimed to be high-quality accounting standards. However,this study find no evidence to support that family ownership and interaction between IFRS and family ownership negatively affect earnings management. Keywords: IFRS adoption, family ownership, earnings management.

  3. Mass tracking and material accounting in the integral fast reactor (IFR)

    Orechwa, Y.; Adams, C.H.; White, A.M.

    1991-01-01

    This paper reports on the Integral Fast Reactor (IFR) which is a generic advanced liquid metal cooled reactor concept being developed at Argonne National Laboratory. There are a number of technical features of the IFR which contribute to its potential as a next-generation reactor. These are associated with large safety margins with regard to off-normal events involving the heat transport system, and the use of metallic fuel which makes possible the utilization of innovative fuel cycle processes. The latter feature permits fuel cycle closure with compact, low-cost reprocessing facilities, collocated with the reactor plant. These primary features are being demonstrated in the facilities at ANL-West, utilizing Experimental Breeder Reactor II and the associated Fuel Cycle Facility (FCF) as an IFR prototype. The demonstration of this IFR prototype includes the design and implementation of the Mass-tracking System (MTG). In this system, data from the operations of the FCF, including weights and batch-process parameters, are collected and maintained by the MTG running on distributed workstations

  4. Development of methodology of financial assets accounting in IFRS context

    V.I. Tsurkanu

    2018-04-01

    Full Text Available In the innovation economy the proportion of resources directed to investment is significantly increasing and therefore the process becomes an integral part of the economic activities of modern organizations. In that situation the organization acquire another type of assets called financial, which differ in their characteristics from tangible and intangible assets. The authors of the present study firstly prove the need for economic interpretation of the financial assets and allocation in the balance their own positions, after the recognition, on the basis of the characteristic of such assets and for accounting and reporting should be assessed. In this context, we reveal methods that can choose the organizations, using business management models implemented by IFRS 9 «Financial instruments» for evaluation of financial assets, depending on their category. Special attention is paid to improving the methodology of accounting for financial assets in accordance with their specific characteristics of recognition and measurement. These issues are investigated not only in theoretical terms, but also on the basis of the comparison of normative and legislative acts of the Republic of Moldova and Ukraine with the regulations of IFRS. In addition, whereas the accounting systems and financial reporting in these countries change in accordance with the requirements of the Directive 2013/34/EU, their impact on the accounting of financial assets is also taken into account. According to the results of the research, drafting conclusions and suggestions are of theoretical nature and are of practical importance.

  5. Safety aspects of the IFR pyroprocess fuel cycle

    Forrester, R.J.; Lineberry, M.J.; Charak, I.; Tessier, J.H.; Solbrig, C.W.; Gabor, J.D.

    1989-01-01

    This paper addresses the important safety considerations related to the unique Integral Fast Reactor (IFR) fuel cycle technology, the pyroprocess. Argonne has been developing the IFR since 1984. It is a liquid metal cooled reactor, with a unique metal alloy fuel, and it utilizes a radically new fuel cycle. An existing facility, the Hot Fuel Examination Facility-South (HFEF/S) is being modified and equipped to provide a complete demonstration of the fuel cycle. This paper will concentrate on safety aspects of the future HFEF/S operation, slated to begin late next year. HFEF/S is part of Argonne's complex of reactor test facilities located on the Idaho National Engineering Laboratory. HFEF/S was originally put into operation in 1964 as the EBR-II Fuel Cycle Facility (FCF) (Stevenson, 1987). From 1964--69 FCF operated to demonstrate an earlier and incomplete form of today's pyroprocess, recycling some 400 fuel assemblies back to EBR-II. The FCF mission was then changed to one of an irradiated fuels and materials examination facility, hence the name change to HFEF/S. The modifications consist of activities to bring the facility into conformance with today's much more stringent safety standards, and, of course, providing the new process equipment. The pyroprocess and the modifications themselves are described more fully elsewhere (Lineberry, 1987; Chang, 1987). 18 refs., 5 figs., 2 tabs

  6. Pengadopsian Standar Akuntansi Berbasis IFRS, Kepemilikan Keluarga, dan Manajemen Laba

    Kadek Trisna Dwiyanti

    2017-01-01

    Abstract This study examines the effect of IFRS adoption and family ownership on earnings management. This study also extends the current literature by examining the interacting effect between IFRS adoption and family ownership on earnings management. Data are obtained from Bloomberg database and Malaysia stock exchange for the period 2010-2013. Using multiple regression analysisis, this study found that firms exhibit less earnings management after IFRS adoption. This finding is consiste...

  7. What drives the comparability effect of mandatory IFRS adoption?

    Stefano Cascino; Joachim Gassen

    2015-01-01

    We investigate the effects of mandatory IFRS adoption on the comparability of financial accounting information. Using two comparability proxies based on De Franco et al. [2011] and a comparability proxy based on the degree of information transfer, our results suggest that the overall comparability effect of mandatory IFRS adoption is marginal. We hypothesize that firm-level heterogeneity in IFRS compliance explains the limited comparability effect. To test this conjecture, we first hand-colle...

  8. STUDI EKSPLORATORI HUBUNGAN ANTARA KONVERGENSI IFRS DENGAN BIAYA AUDIT

    Cahyonowati, Nur

    2016-01-01

    Penelitian ini menguji konsekuensi ekonomi dari adopsi IFRS di Indonesia. IFRS adopsi diprediksi akan meningkatkan biaya audit. Penelitian ini menemukan bahwa biaya audit telah meningkat secara signifikan pada pra dan pasca adopsi IFRS. Selain itu, penelitian ini menyarankan bahwa kompleksitas audit lebih mungkin dianggap sebagai prediktor biaya audit dibandingkan dengan risiko litigasi. Ukuran perusahaan, proksi untuk kompleksitas audit, ditemukan menjadi prediktor yang signifikan untuk laya...

  9. Development of interface technology between unit processes in E-Refining process

    Lee, S. H.; Lee, H. S.; Kim, J. G. [Korea Atomic Energy Research Institute, Daejeon (Korea, Republic of)

    2010-10-15

    The pyroprocessing is composed mainly four subprocesses, such as an electrolytic reduction, an electrorefining, an electrowinning, and waste salt regeneration/ solidification processes. The electrorefining process, one of main processes which are composed of pyroprocess to recover the useful elements from spent fuel, is under development by Korea Atomic Energy Research Institute as a sub process of pyrochemical treatment of spent PWR fuel. The CERS(Continuous ElectroRefining System) is composed of some unit processes such as an electrorefiner, a salt distiller, a melting furnace for the U-ingot and U-chlorinator (UCl{sub 3} making equipment) as shown in Fig. 1. In this study, the interfaces technology between unit processes in E-Refining system is investigated and developed for the establishment of integrated E-Refining operation system as a part of integrated pyroprocessing

  10. Immobilization of IFR salt wastes in mortar

    Fisher, D.F.; Johnson, T.R.

    1988-01-01

    Portland cement-base mortars are being considered for immobilizing chloride salt wastes from the fuel cycle of an integral fast reactor (IFR). The IFR is a sodium-cooled fast reactor with metal fuel. It has a close-coupled fuel cycle in which fission products are separated from the actinides in an electrochemical cell operating at 500 degrees C. This cell has a cadmium anode and a liquid salt electrolyte. The salt will be a low-melting mixture of alkaline and alkaline earth chlorides. This paper discusses one method being considered for immobilizing this treated salt, to disperse it in a portland cement-base motar, which would then be sealed in corrosion-resistant containers. For this application, the grout must be sufficiently fluid that it can be pumped into canisters where it will solidify into a strong, leach-resistant material

  11. Characterization of IFR metal fuel fragmentation

    Gabor, J.D.; Purviance, R.T.; Aeschlimann, R.W.; Spencer, B.W.

    1987-01-01

    The integral fast reactor (IFR) employs a reactor design that has inherent safety features. An important safety advantage is derived from its pool configuration, which facilitates passive decay heat removal and isolates the core from accidents that might occur elsewhere in the plant. The metal-alloy fuel has superior heat transfer properties compared to oxide fuels. While the IFR design has these inherent safety features, a complete analysis of reactor safety requires assessment of the consequences of the melting of the uranium alloy fuel in the core and the contact of molten core materials with sodium. A series of eight tests was conducted in which the fragmentation and interaction behavior of kilogram quantities of uranium-zirconium alloy in sodium was studied

  12. IMPACT OF IFRS ADOPTION ON ROMANIAN COMPANIES

    Adriana Florina POPA

    2013-10-01

    Full Text Available Accounting globalization follows the transformation of the accounting system into an economic and financial model, able to inform more correctly and rapidly the users of the accounting information, amongst which the investors and the creditors are clearly delimited. Within this context, the need of a harmonized and well oriented accounting system has become imperative. The adoption of a set of international accounting standards in Europe is intended to provide uniform and high quality financial information on the financial markets which would consolidate the global market efficiency, reducing the cost of capital accessing for European companies. There are numerous opinions according to which the IFRS adoption could be an element of abolishing the discrepancies between the accounting systems, offering at the same time a high level of transparency of the financial information. Our objective is to analyze the opportunity of implementing the IAS/IFRS referential by the Romanian companies, as well as their instant reaction within this context.

  13. Adopsi IFRS Dan Relevansi Nilai Informasi Akuntansi

    Cahyonowati, Nur; Ratmono, Dwi

    2012-01-01

    This objective of this research is to explore the quality of accounting information before and after the adoption of IFRS on Indonesian Accounting Standards. This research explored the value relevance of earnings as one dimension of the quality of accounting information. High quality of accounting information refers to high relevancy. The adoption of new stan­dards is predicted not to increase the quality of accounting information regarding the environmental factor in Indonesia. The populatio...

  14. IFRS 8 Operating Segments - A Closer Look

    Muthupandian, K S

    2008-01-01

    The International Accounting Standards Board issued the International Financial Reporting Standard 8 Operating Segments. Segment information is one of the most vital aspects of financial reporting for investors and other users. The IFRS 8 requires an entity to adopt the ‘management approach’ to reporting on the financial performance of its operating segments. This article presents a closer look of the standard (objective, scope, and disclosures).

  15. IFRS, synchronicity, and financial crisis: the dynamics of accounting information for the Brazilian capital market

    Bruno Figlioli

    2017-07-01

    Full Text Available ABSTRACT This study aims is to investigate the synchronicity levels of shares traded on the spot market of the São Paulo Stock, Commodities , and Futures Exchange (BM&FBOVESPA in relation to the accounting convergence process towards International Financial Reporting Standards (IFRS in Brazil. The term synchronicity refers to the amount that company-specific information and market information are reflected in stock prices. The more share prices reflect company-specific information rather than market information, the greater the informational content of these prices will be in terms of representing the economic value of a particular company. For this investigation, information on companies and shares from 2005 to 2015 was collected, excluding the financial sector. The data were analyzed using cross-sectional and panel regressions. The results indicate a reduction in the synchronicity levels of stocks in the period of full adoption of IFRS in Brazil from 2010 onwards. From 2008 to 2009, which includes the partial adoption of IFRS in Brazil, statistically significant results were not found for the synchronicity levels of shares. However, for times of financial crisis, evidence was found of a reduction in the relevance of accounting information even with the adoption of international accounting standards. The results obtained for the Brazilian context do not support the idea that the adoption of IFRS necessarily causes an increase in the informational content of financial statements and that relevant information is consequently reflected in stock prices.

  16. The IFR Online Detector Control system at the BaBar Experiment

    Paolucci, Pierluigi

    1999-01-01

    The Instrumented Flux Return (IFR)[1] is one of the five subdetectors of the BaBar[2] experiment on the PEP II accelerator at SLAC. The IFR consists of 774 Resistive Plate Chamber (RPC) detectors, covering an area of about 2,000 m 2 and equipped with 3,000 Front-end Electronic Cards (FEC) reading about 50,000 channels (readout strips). The first aim of a B-factory experiment is to run continuously without any interruption and then the Detector Control system plays a very important role in order to reduce the dead-time due to the hardware problems. The I.N.F.N. group of Naples has designed and built the IFR Online Detector Control System (IODC)[3] in order to control and monitor the operation of this large number of detectors and of all the IFR subsystems: High Voltage, Low Voltage, Gas system, Trigger and DAQ crates. The IODC consists of 8 custom DAQ stations, placed around the detector and one central DAQ station based on VME technology and placed in electronic house. The IODC use VxWorks and EPICS to implement slow control data flow of about 2500 hardware channels and to develop part of the readout module consisting in about 3500 records. EPICS is interfaced with the BaBar Run Control through the Component Proxy and with the BaBar database (Objectivity) through the Archiver and KeyLookup processes

  17. Are companies in the Czech Republic ready to implement IFRS for SMEs?

    Lucie Bartůňková

    2012-01-01

    Full Text Available The process of integration and globalization is closely related to the need for harmonization of accounting at international level. In this connection International Financial Reporting Standards (IFRS have been developed, which are primarily designed for companies whose securities are traded on regulated markets of the European Union. However, as the importance of small and medium-sized entities has been recently on the increase, the International Accounting Standards Board (IASB also issued after five years of effort in July 2009 the International Financial Reporting Standard for Small and Medium-sized Entities (IFRS for SMEs. At present, there is no legislation for the application of this standard in the Czech Republic or any other state of the European Union. Each jurisdiction must determine whether to adopt IFRS for SMEs, to what extent and for which entities the standard is mandatory and for which it is not. Already in previous years the European Commission analyzed data from surveys on this new standard and discussed its advantages and disadvantages. To date, however, it has not taken a single decision on whether to adopt and incorporate the standard into the European accounting legislation. The question also remains what attitude towards IFRS for SMEs companies operating in the Czech Republic will take. That is why this paper analyzes the opinions of some Czech companies belonging to the group of SMEs on the potential adoption of this standard.

  18. QUESTIONS TO REGULATORY FRAMEWORK ACCOUNTING AND FINANCIAL STATEMENTS UNDER IFRS

    V. Shvets

    2015-10-01

    Full Text Available With the system approach in article analyzes the situation and problems of legal regulation and providing accounting and financial reporting in terms of standardization and harmonization of the principles of IFRS. The evaluation of the provisions and objectives of the strategy for reform of accounting and reporting rules and the requirements of European integration processes. Analyzed and determined the degree of influence of accounting and analytical science and education for the development and implementation of new approaches to the reform process and regulation of accounting, control and audit. critical analysis of the draft amendments to the existing regulations, current views on instytutsiynist accounting under uncertainty and systemic crisis outlined organizational problems and possible solutions to methodological council of accounting.

  19. Nitridation of U and Pu recovered in liquid Cd cathode by molten salt electrorefining of (U,Pu)N

    Satoh, Takumi; Iwai, Takashi; Arai, Yasuo [Japan Atomic Energy Agency (Japan)

    2009-06-15

    Solid solutions of actinide mono-nitrides have been proposed as a candidate fuel of the accelerator-driven system (ADS) and Gen.IV-type fast reactors because the thermal conductivity and metal density are higher than those of actinide oxides and also they have high melting temperature. Pyrochemical process has several advantages over conventional wet process in treating of spent nitride fuel. One of the key technologies of the pyrochemical reprocessing of nitride fuel is the formation of the nitrides from actinides in the liquid Cd cathode. The nitridation-distillation combined method was developed and has been adopted to convert the actinides to the nitrides. In this method, the nitridation of actinides and the distillation of Cd occurred simultaneously by heating the actinide-Cd alloys in N{sub 2} gas stream. In the present study, the nitride formation behavior of U and Pu recovered in Cd cathode by molten salt electrorefining of (U,Pu)N was experimentally investigated. In addition, the nitride pellet was prepared form the powder obtained by the nitridation of U and Pu recovered in Cd cathode. (U,Pu)N (PuN = 80 mol %) was used as the starting material in the experiment. Molten salt electrorefining of (U,Pu)N pellet was carried out in the LiCl-KCl eutectic salt with 1.2 wt% PuCl{sub 3} and 0.3 wt% UCl{sub 3} of about 110 g at the constant anodic potential of -0.60 to -0.55 V vs. Ag/AgCl for about 9 hours at 773 K. After the electrorefining, about 42 % of U and Pu in the starting (U,Pu)N pellet was dissolved at the anode and recovered into the liquid Cd cathode. The recovered U-Pu-Cd alloy was heated in an alumina crucible at 973 K for 10 hours under N{sub 2} gas (99.999 %) stream (0.015 L/min). Fine black powder was recovered after heating the U-Pu-Cd alloy. The powder was identified as the single phase solid solution of (U,Pu)N by the XRD analysis. After milling in the agate mortar for 1 hour, the powder was compacted into green pellet under a pressure of about

  20. THE LEGAL FRAMEWORK FOR THE IMPLEMENTATION OF IFRS AND THEIR IMPLICATIONS IN THE BANKING SYSTEM FROM ROMANIA

    Anisoara Apetri

    2015-05-01

    Full Text Available At the level of the European financial system, banks are the basic institutions which provide financing for the private sector, it preferring bank financing at the expense of financing through the capital market. The current stage of the international accounting harmonisation process focuses on obtaining similar economic decisions taken by investors and other users of the financial statements – decisions based on equivalent financial statements, prepared according to the set of International Financial Reporting Standards - IFRS developed by the IASB. Therefore, the aim of this study is to provide an overview of the implementation of IFRS in the world as well as in Romania by providing some information about the adoption process and the issues identified through the implementation of IFRS, especially in the banking field in Romania.

  1. IFRS adoption in Pacific Island Economies: A political perspective

    Pran Boolaky

    2016-06-01

    Full Text Available This paper proposes a new paradigm on the adoption of IFRS in island economies specifically in the pacific region. The adapted Scott (2001 institutional pressure framework on IFRS adoption addresses the political independence and political dependence of pacific island economies at three levels namely high, second and low.

  2. The Design and Implementation of an Enlivened IFRS Course

    Holtzblatt, Mark; Tschakert, Norbert

    2010-01-01

    In the Spring/2009 semester, with the financial support of a PricewaterhouseCoopers IFRS Ready Grant, a new course was developed that focused on International Financial Reporting Standards (IFRS). The course design goal was to choose the optimal combination of pedagogical tools and topics to create an effective, engaging and stimulating course…

  3. Audit Fees and IFRS accounting - Is information costly?

    Friis, Ole; Nielsen, Mogens

    2010-01-01

    En undersøgelse af hvorledes indførelsen af IFRS i 2005 har påvirket udviklingen i revisionshonorarerne.......En undersøgelse af hvorledes indførelsen af IFRS i 2005 har påvirket udviklingen i revisionshonorarerne....

  4. EU adoption of the IFRS 8 standard on operating segments

    Nicolas Véron

    2007-01-01

    In this paper, presented to the Economic and Monetary Affairs Committee of the European Parliament, Nicolas Véron discusses whether the EU should adopt the controversial IFRS 8 standard, a convergence project on how companies should report the performance of their individual business segments. Vérons recommendation is for the European Union not to adopt the current version of IFRS 8.

  5. Mandatory IFRS adoption and executive compensation: Evidence from China

    Qingchuan Hou; Qinglu Jin; Lanfang Wang

    2014-01-01

    This study investigates how the mandatory adoption of International Financial Reporting Standards (IFRS) affects the contractual benefits of using accounting information to determine executive compensation in China. After controlling for firm and corporate governance characteristics, we find strong evidence supporting the positive role of mandatory IFRS adoption on the accounting-based performance sensitivity of executive compensation. Subsample analysis suggests that improvements in accounti...

  6. IFRS leerboek: international financial reporting standards. - 3e dr.

    Backhuijs, J.; Braam, G.; Brouwer, A.; van den Ende, H.; de Feijter, J.; Hartman, M.; Langendijk, H.; Schoonderbeek, W.; Veuger, P.

    2010-01-01

    Dit IFRS Leerboek is bedoeld voor iedereen die kennis van de regelgeving van de IASB wil krijgen. De regelgeving van de IASB omvat niet alleen de standaarden die onder de naam IFRS worden gepubliceerd, maar ook de standaarden die eerder zijn uitgegeven onder de naam IAS en nog steeds van kracht

  7. Reductie van complexiteit binnen IFRS: wie is aan zet?

    Brouwer, A.; Tahtah, J.

    2012-01-01

    IFRS heeft bijgedragen aan de transparantie van financiële verslaggeving en efficiënte werking van kapitaalmarkten. IFRS wordt echter ook regelmatig bekritiseerd vanwege haar complexiteit. Deze complexiteit ondermijnt de begrijpelijkheid van financiële verslaggeving. In dit artikel gaan we in op een

  8. IFRS adoption and implementation in companies: utopia or reality?

    Pater, C.; Georgakopoulos, G.; Sotiropoulos, I.; Galanou, E.

    2009-01-01

    Purpose: The aim of this paper is to examine the impact the International Financial Reporting Standards (IFRS) have on accounting quality in an attempt to investigate whether "Reporting under the IFRS regime adds value to accounting information quality". Design/methodology/approach: Our analysis is

  9. Developing a Signature Based Safeguards Approach for the Electrorefiner and Salt Cleanup Unit Operations in Pyroprocessing Facilities

    Murphy, Chantell Lynne-Marie [Los Alamos National Lab. (LANL), Los Alamos, NM (United States)

    2016-01-27

    Traditional nuclear materials accounting does not work well for safeguards when applied to pyroprocessing. Alternate methods such as Signature Based Safeguards (SBS) are being investigated. The goal of SBS is real-time/near-real-time detection of anomalous events in the pyroprocessing facility as they could indicate loss of special nuclear material. In high-throughput reprocessing facilities, metric tons of separated material are processed that must be accounted for. Even with very low uncertainties of accountancy measurements (<0.1%) the uncertainty of the material balances is still greater than the desired level. Novel contributions of this work are as follows: (1) significant enhancement of SBS development for the salt cleanup process by creating a new gas sparging process model, selecting sensors to monitor normal operation, identifying safeguards-significant off-normal scenarios, and simulating those off-normal events and generating sensor output; (2) further enhancement of SBS development for the electrorefiner by simulating off-normal events caused by changes in salt concentration and identifying which conditions lead to Pu and Cm not tracking throughout the rest of the system; and (3) new contribution in applying statistical techniques to analyze the signatures gained from these two models to help draw real-time conclusions on anomalous events.

  10. Evaluasi Kurikulum Sekolah Menengah Jurusan Akuntansi Menjelang IFRS

    Holly Deviarti

    2012-05-01

    Full Text Available The changing of financial accounting standard into International Financial Report Standard (IFRS is the headline for all accountants, for professional public, company and academic accountants. The purpose of this research is to evaluate the curriculum of vocational high school (SMK accounting major in the advance of applying IFRS. The method used is descriptive explorative approach. This research started through library research, interview with teachers, hold trainings and questionnaire, and analyze the activities. The result showed that SMK in accounting major is not ready yet for the advance of IFRS convergence in 2012, so does the knowledge socialization among teachers and instructors. The researcher recommended holding the preparation for PSAK in IFRS convergence curriculum-based (in cooperation with fostering directorate of vocational high school, training for teachers, arranging accounting books or modules, and adding subjects about IFRS for opening knowledge.

  11. Mandatory IFRS adoption and executive compensation: Evidence from China

    Qingchuan Hou

    2014-03-01

    Full Text Available This study investigates how the mandatory adoption of International Financial Reporting Standards (IFRS affects the contractual benefits of using accounting information to determine executive compensation in China. After controlling for firm and corporate governance characteristics, we find strong evidence supporting the positive role of mandatory IFRS adoption on the accounting-based performance sensitivity of executive compensation. Subsample analysis suggests that improvements in accounting-based performance sensitivity after IFRS adoption differ across regions with various levels of institutional quality and across firms that are affected to a different extent by the adoption. Additional analysis supports the argument that the positive effects of IFRS adoption on the use of accounting performance in executive compensation are driven by the reduction in accounting conservatism associated with IFRS adoption.

  12. IFR fuel cycle demonstration in the EBR-II Fuel Cycle Facility

    Lineberry, M.J.; Phipps, R.D.; Rigg, R.H.; Benedict, R.W.; Carnes, M.D.; Herceg, J.E.; Holtz, R.E.

    1991-01-01

    The next major milestone of the IFR (Integral Fast Reactor) program is engineering-scale demonstration of the pyroprocess fuel cycle. The EBR-II Fuel Cycle Facility has just entered a startup phase which includes completion of facility modifications, and installation and cold checkout of process equipment. This paper reviews the design and construction of the facility, the design and fabrication of the process equipment, and the schedule and initial plan for its operation. (author)

  13. IFR fuel cycle demonstration in the EBR-II Fuel Cycle Facility

    Lineberry, M.J.; Phipps, R.D.; Rigg, R.H.; Benedict, R.W.; Carnes, M.D.; Herceg, J.E.; Holtz, R.E.

    1991-01-01

    The next major milestone of the IFR program is engineering-scale demonstration of the pyroprocess fuel cycle. The EBR-II Fuel Cycle Facility has just entered a startup phase which includes completion of facility modifications, and installation and cold checkout of process equipment. This paper reviews the design and construction of the facility, the design and fabrication of the process equipment, and the schedule and initial plan for its operation. 5 refs., 4 figs

  14. The Rigour of IFRS Education in the USA: Analysis, Reflection and Innovativeness

    Tan, Aldys; Chatterjee, Bikram; Bolt, Susan

    2014-01-01

    International Financial Reporting Standards (IFRS) are accepted throughout the world, particularly in the European Union, Australia, New Zealand and Canada. Emerging economies are also are aligning their practices with IFRS. Historically, the USA has been cautious about accepting IFRS. However, following acceptance of IFRS worldwide, the US…

  15. Neue Welle an IFRS: Wechseln schon bald mehr Firmen zu Swiss GAAP FER?

    Sager, Marc; Vial, Jérôme

    2016-01-01

    Seit 2008 wechseln an der SIX kotierte Firmen vermehrt den Rechnungslegungsstandard von den IFRS zu Swiss GAAP FER (FER). Mit IFRS 9 (Finanzinstrumente), IFRS 15 (Erlöse aus Verträgen mit Kunden) und IFRS 16 (Leasingverhältnisse) werden die Anwender einmal mehr mit weitreichenden Änderungen konfrontiert.

  16. The Integral Fast Reactor (IFR) concept

    Till, C.E.; Chang, Y.I.

    1989-01-01

    In addition to maintaining the viability of its present commercial nuclear technology, a principal challenge in the US in the 1990s and beyond will be to regain and maintain a position among the world leadership in advanced reactor research and development. In this paper we'll discuss factors which we believe should today provide the rationale and focus for advanced reactor R and D, and we will then review the status of the major US effort, the Integral Fast Reactor (IFR) program

  17. New high-level waste management technology for IFR pyroprocessing wastes

    Ackerman, J.P.; Johnson, T.R.

    1993-01-01

    The pyrochemical electrorefining process for recovery of actinides in spent fuel from the Integral Fast Reactor accumulates fission product wastes as chlorides dissolved in molten LiCI-KCI and as metals, some of which are in molten cadmium. Pyrochemical processes are being developed to recover uranium and transuranium elements for return to the reactor, and to separate and immobilize fission products in suitable waste forms. Solvent cadmium is recycled within the process. Electrolyte salt is treated in a series of salt/cadmium extraction steps; it is also returned to the process. Salt-borne fission products are concentrated on a zeolite bed that is converted to a stable, leach-resistant mineral. Rare earth fission products from the salt, noble metal fission products, and cladding hulls are dispersed in a metal matrix

  18. The Adoption of IFRS and Quality in the Accounting Profession. Theoretical Analysis in the Case of German Companies

    Ana-Maria Paşcu

    2012-12-01

    Full Text Available The processes of normalization, internationalization, harmonization and convergence have become a nowadays reality. As a result, the massive adoption of IFRS in many regions of the world has generated numerous debates and opinions. Under these circumstances, ever more attention was given to the connection between the international accounting/audit standard and quality in the accounting profession, the main characteristic of the business world. Therefore, through this study, we aim to identify the effects of adopting the International Financial Reporting Standards (IFRS on quality improvement in the accounting profession.

  19. The Impact of International Financial Reporting Standards (IFRS): Evidence from Canada

    Hilliard Theresa DiPonio; Neidermeyer Presha

    2016-01-01

    The Canadian transition to IFRS provides a valuable IFRS learning opportunity. The Canadian transition and implementation of IFRS provides a unique opportunity to examine the conversion of financial reporting from a similar set of financial reporting rules as U.S. GAAP in a similar economic and business environment. The implementation and adoption of IFRS is not a monolithic event. Our ability to comprehensively understand and assess IFRS requires transparent disclosures such as those mandate...

  20. Plans for the development of the IFR [Integral Fast Reactor] fuel cycle

    Johnson, T.R.

    1986-01-01

    The Integral Fast Reactor (IFR) is a concept for a self-contained facility in which several sodium-cooled fast reactors of moderate size are located at the same site along with complete fuel-recycle and waste-treatment facilities. After the initial core loading with enriched uranium or plutonium, only natural or depleted uranium is shipped to the plant, and only wastes in final disposal forms are shipped out. The reactors have driver and blanket fuels of uranium-plutonium-zirconium alloys in stainless steel cladding. The use of metal alloy fuels is central to the IFR concept, contributing to the inherent safety of the reactor, the ease of reprocessing, and the relatively low capital and operating costs. Discharged fuels are recovered in a pyrochemical process that consists of two basic steps: an electrolytic process to separate fission products from actinides, and halide slagging to separate plutonium from uranium

  1. The Role and Current Status of IFRS in the Completion of National Accounting Rules – Evidence from the Netherlands

    Brouwer, A.J.; Hoogendoorn, Martin

    2017-01-01

    Dutch law (B2T9) is positive towards IFRS. IFRS may be used by all entities, there is a specific option for entities using IFRS in the consolidated financial statements to apply an IFRS-friendly version of B2T9 in its separate financial statements, and IFRS for SMEs can be used by non-listed and

  2. IFRS IN ROMANIAN BANKING SYSTEM. LIMITS AND CHALLENGES

    Inesa TOFANICA

    2017-07-01

    Full Text Available In our globalized world, accounting has followed the trend and it has imposed comparability norms in order to adjust to everyday economic transactions. The International Financial Reporting Standards are a set of accounting standards developed by a non-profit organization called IASB (International Accounting Standards Board. This set of standards is applied in many countries all over the world, and Romania is one of them. The advantages of IFRS are well known and recognized, but the path of IFRS adoption is not always smooth. This paper aims to present the limits and the challenges encountered by the companies which apply IFRS in their financial reports.

  3. A review of compatibility of IFR fuel and austenitic stainless steel

    Keiser, D.D. Jr.

    1996-01-01

    Interdiffusion experiments have been conducted to investigate the compatibility of various austenitic stainless steels with U-Pu-Zr alloys, which are alloys to be employed as fuel for the Integral Fast Reactor being developed by Argonne National Laboratory. These tests have also studied the compatibility of austenitic stainless steels with fission products, like the minor actinides (Np and Am) and lanthanides (Ce and Nd), that are generated during the fission process in an IFR. This paper compares the results of these investigations in the context of fuel-cladding compatibility in IFR fuel elements, specifically focusing on the relative Interdiffusion behavior of the components and the types of phases that develop based on binary phase diagrams. Results of Interdiffusion tests are assessed in the light of observations derived from post-test examinations of actual irradiated fuel elements

  4. Benefits and costs of IFRS implementation in the opinion of Polish certified auditors

    Anna Karmańska

    2017-12-01

    Full Text Available The article presents the results of a survey conducted among a carefully selected group of Polish certified auditors. The purpose of the study was to determine whether auditors, during the audit of financial state- ments, perceive certain costs and benefits resulting from the fact that the audited statements were pre- pared in accordance with IFRS. This survey was undertaken to demonstrate that the cost-benefit analysis of IFRS, after more than a decade of their use in Polish practice, could provide important observations for future legislative changes in this area. The study shows that, thanks to the implementation of IFRSs, auditors gain the benefit of lower audit workloads. At the same time, however, they identify six reasons why the audit process is prolonged, requiring special organization, prior special preparation and, as a result, higher auditing costs

  5. The Analysis of the IFRS Adoption Effects on the Accounting Quality in the European Context

    Tudor Liviu-ALexandru

    2017-01-01

    Full Text Available The purpose of this paper is to analyze the scientific literature dedicated to IFRS implementation process in order to recognize and understand the impact of the norms related to the quality of the information presented in financial statements. The research methodology used for this purpose is based on an analysis of 24 academic papers published between 2000 and 2015, available on international scientific databases such as: Emerald, ScienceDirect, ProQuest and SSRN. The review presents the economic consequences of the quality accounting improvement as a result of the adoption of IFRS norms. In the same time, the disclosure of the information represents a significant role in lowering the cost of equity regarding the company’s economic level.

  6. PROFESSIONAL JUDGMENT AND CREATIVE ACCOUNTING UNDER IFRS IN EX-COMMUNIST COUNTRIES: CASE OF ROMANIA

    MEGAN Ovidiu

    2011-12-01

    Full Text Available The accounting rules from each country evolve in time in order to respond the social, cultural and economical environment needs. After some communist countries (as Romania, Bulgaria, Poland, Hungary, Czech Republic, Slovenia, Estonia, Lithuania, s.o. joined the European Union an important number of local companies became to apply accounting regulation according with International Financial Reporting Standards (IFRS. This paper surveys the theoretical and empirical literature on the possible risks for companies management from ex-communist counties by applying (mandatory or voluntary International Financial Reporting Standards reporting regulation and professional judgment. Under the pressure of economic globalization all the ex-communist countries ware obliged to adopt International Financial Reporting Standards in the field of accounting. The main objective of this paper is to find out from the experience of different companies who already adopted IFRS which are the risks related to professional judgment application under IFRS on the financial statement users. As research methodology we integrated theoretical and empirical studies from accounting and law (especially from Romanian experience in order to contribute to the cross-fertilization of our field of interest. As final results of our paper we find that the biggest risk of applying professional judgment prescribed by IFRS in ex-communist countries is to appear different creative accounting techniques which influence in a negative way the decision-making process for the financial statements users. During worldwide financial crisis the majority of Romanian companies tried to use in the most appropriate way the professional judgment in order to arrange their financial reports and to save company's money (in relation with local government or to show higher performance (in relation with financial institutions for the fund-raising process We identified several motivations including the existence

  7. Muudetud IFRS 3 ja IAS 27 / Monika Peetson

    Peetson, Monika, 1976-

    2008-01-01

    Rahvusvahelise Raamatupidamisstandardite Nõukogu poolt välja antud muudetud standarditest IFRS 3 "Äriühendused" ja IAS 27 "Konsolideeritud ja konsolideerimata finantsaruanded" ning nendega kaasnevatest muudatustest

  8. The impact of corporate governance on IFRS adoption choices

    Verriest, A.J.M.; Gaeremynck, A.; Thornton, D.B.

    2013-01-01

    We investigate the association between corporate governance strength and EU listed firms' choices with respect to International Financial Reporting Standards (IFRS) adoption in 2005. We measure governance strength by aggregating variables such as board independence, board functioning and audit

  9. Does Mandatory IFRS Adoption Improve the Information Environment?

    Horton, Joanne; Serafeim, Georgios; Serafeim, Ioanna

    2012-01-01

    More than 120 countries require or permit the use of International Financial Reporting Standards (‘IFRS’) by publicly listed companies on the basis of higher information quality and accounting comparability from IFRS application. However, the empirical evidence about these presumed benefits are often conflicting and fail to separate between information quality and comparability. In this paper we examine the effect of mandatory IFRS adoption on firms’ information environment. We find that afte...

  10. Audit fees and IFRS accounting - Is information costly?

    Friis, Ole; Nielsen, Mogens

    2010-01-01

    Since 2005 companies with equity instruments traded on regulated markets in the European Economic Area have prepared their financial reports in accordance with accounting standards issued by the IASB. A survey conducted in 2007 indicated that most of the EU companies that changed from local to IFRS rules incurred additional costs in connection with the transition. Also, companies expected additional future costs from using IFRS. Although the main part of these stemmed from the companies’ inte...

  11. Intended and unintended consequences of mandatory IFRS adoption

    Brüggemann, Ulf; Hitz, Jörg-Markus; Sellhorn, Thorsten

    2012-01-01

    This paper discusses empirical evidence on the economic consequences of mandatory adoption of International Financial Reporting Standards (IFRS) in the European Union (EU) and provides suggestions on how future research can add to our understanding of these effects. Based on the explicitly stated objectives of the EU‟s so-called „IAS Regulation‟, we distinguish between intended and unintended consequences of mandatory IFRS adoption. Empirical research on the intended consequences generally fa...

  12. The implementation of the IFRS for SME in the EU

    Hana Bohušová

    2011-01-01

    Full Text Available Small and medium sized companies have very important position in the EU economy, mainly in the area of employment. Their activities on the internal market are limited by a great deal of obstacles. The most important obstacles can be considered different national financial reporting and tax systems.IASB published an International Financial Reporting Standard (IFRS designed for use by small and medium-sized entities (SMEs.The IFRS for SME is expressly designed to meet the financial reporting needs of entities that (a do not have public accountability and (b publish general purpose financial statements for external users. This standard could be a suitable instrument for the SME accounting harmonization. The aim of the paper is to analyze the problems connected with the harmonization of accounting legislation used by SMEs in EU countries especially in the Czech Republic. In the frame of methodology the empirical research was used. The author has distributed questionnaires to the enterprises in the Czech Republic, selected according to their size and the field of activity. Comment letters of 210 respondents from 26 EU Member States were used for evaluation possibilities of the IFRS for implementation to national legislation.Based on the results of empirical research some problems could arise with the IFRS for SME application. Based on the questionnaires, respondents are highly interested in the costs and gains of IFRS for SME application. The gains should exceed the costs of IFRS for SME application.

  13. The impacts of the final phase of transition to IFRS in Brazil

    Clênia de Oliveira Pires

    2015-08-01

    Full Text Available Objective – This article aims to measure the impacts of the final phase of mandatory convergence to IFRS on net income, in equity and total assets of Brazilian publics companies. Design/methodology/approach – It is applied to the inverse of Gray (1980’s Conservatism Index – which allows you to compare the results between different accounting systems – to determine the impacts of the transition between the two phases of the convergence process in Brazil, covered by the law 11,638 and their CPCs. It was compared the 2009 financial results disclosed in BR GAAP and IFRS. Findings – The results show that the final stage of mandatory convergence to IFRS led to significant increases in both net income and the shareholders’ equity of the companies analysed: a mean increase of about 21% in earnings and about 11% in equity, as well as generating an increase, though somewhat less significant, about 7%, the total assets. Practical implications – This research helped to improve understanding of the impacts of convergence of Brazilian accounting to the international standard; as well as to assist business managers and users of financial information, especially those from the capital markets, regulators and academia, about the ultimate effects on the results reported in 2011, after the implementation of the final phase of convergence. Originality/value – The fiscal year of 2009 was a special year for understanding the impact of accounting system in the financial results disclosed in Brazil. The Brazilian publics companies reported their results in BR GAAP and IFRS and this research analysed and compare both reports and improve understanding of the impacts of convergence of Brazilian accounting to the international standard.

  14. EMPIRICAL STUDYRELATED TOINCREASINGTHE ACCOUNTING INFORMATIONQUALITYAT THE IMPORT-EXPORTCOMPANIES THROUGH IFRS IMPLEMENTATION

    Adriana IOŢA

    2015-09-01

    Full Text Available Since the external trading activity accounts for an important source of national economy growth, being the developed states economy driver, the authors considered that at the level of the entities carrying out external trading activities, the own bookkeeping must be organized taking into account the specific of the activity developed. In this context, the authors began the preparation of the study starting from the idea that this category of companies must provide accounting information as qualitative as possible that can be easily comparable at the international level and hereby increase the international commercial exchanges. Meeting this challenge of increasing the external trading activities involves the adoption of specific measures, in line with the real state of performance and with the current needs of the companies from the national economy. A relevant measure is considered to be IFRS (International Financial Reporting Standards implementation for this category of companies in order to increase the quality of the accounting information provided and implicitly of some new businesses with the abroad. In order to test the opinion related to IFRS implementation on the companies carrying out external trading activities, the authors prepared a study based on a questionnaire that targeted Romanian companies carrying out external trading activities, of different dimensions. The purpose of this questionnaire was to draw up conclusions related to the content, need and the information usability of the data reported through financial positions by the companies carrying out external trading activities. The questions addressed by the authors, in this respect, have predefined answers, meant to obtain the opinion of the Romanian companies related to the possible IFRS implementation, irrespective of size, of the impact forecasted of IFRS implementation process on the companies’ activity, as well as the importance granted to the auditing of collection

  15. IFRS 3 & IAS 39 : Övergången till IFRS – resultatmässiga effekter

    Nieminen, Jan-Erik; Khan, Tahir

    2005-01-01

    Från och med den 1 januari 2005 måste alla börsnoterade bolag redovisa enligt IFRS. Fördelar med IFRS är harmonisering av redovisningsprinciperna mellan olika länder, internationellt enhetlig redovisningspraxis och att investerare lättare kan jämföra olika företags finansiella information som är baserade i olika länder. Nackdelar med IFRS är att reglerna är mer omfattande och detaljerade än de tidigare rekommendationerna från Redovisningsrådet. Vid införandet av IFRS 2005 förutspådde branschf...

  16. Adoção das IFRS no Brasil: Efeitos no Conservadorismo Contábil

    Erivelto Fioresi de Sousa

    2016-01-01

    Full Text Available The objective in this study is to investigate the effect of the adoption of the International Financial Reporting Standards (IFRS on the degree of conditional conservatism in the financial statements of companies listed on BM&FBOVESPA. Considering that the convergence process with the international standards aims for the standardization of accounting information disclosure and the enhancement of its quality, the goal was to investigate the quality standards of the accounting information in Brazilian companies after the adoption of the IFRS in the phases characterized by the period 2008, when accounting pronouncements (CPC 1 to 14 were adopted, and as from 2010, when the adoption of the full IFRS became compulsory. Therefore, a sample of financial statements was used from 320 companies listed on BM&FBOVESPA between 2000 and 2012. As a proxy of information quality, the attribute Conservatism was used, as proposed by Basu (1997 and Ball and Shivakumar (2005. The results did not evidence changes in the degree of conservatism in the statements analyzed.

  17. MEMAHAMI PERILAKU STAKEHOLDERS INDONESIA DALAM ADOPSI IFRS: TINJAUAN ASPEK KEPENTINGAN, BAHASA, DAN BUDAYA

    Sujoko Efferin

    2014-12-01

    Full Text Available This study examines the dynamics of the implementation of IFRS in Indonesia and challenges faced by its stakeholders by using interpretive-qualitative research paradigm. In-depth interviews, observations, and documentary analysis were used during data collection processes. The results were then cross-examined through triangulation. More specifically, this study attempts to identify problems arised during the implementation and the responses of the stakeholders. The authors hope that the findings can enrich the literatures about the interconnectedness among accounting, culture, language, and stakeholders’ interests in the context of developing countries, especially Indonesia. Our results indicate that there is an interdependence among the stakeholders (regulator, auditor, user, preparer, and higher education institutions in which there is no party that can individually ensure the successfulness of the IFRS implementation. Synergistic, long-term oriented collective efforts among those parties are required since they all have internal constraints that can inhibit the implementation. In addition, culture (including language exacerbates the problems and, hence, require long-term, strategic responses in macro level. Finally, this study suggests seven propositions conditioning the effectiveness of IFRS implementation in a national context.

  18. VALUE RELEVANCE DAN IFRS ADOPTION DI INDONESIA: INVESTIGASI PADA PERUSAHAAN LQ-45 BURSA EFEK INDONESIA

    Triandi ,

    2017-02-01

    Full Text Available Value relevance is being defined as the ability of information disclosed by financial statements to capture and summarize firm value. earnings per share (EPS and book value of shares (BVS and stock market price (SMP, both before and after IFRS adoption. Based on theresult,test there the valuerelevancebefore and after IFRS adoptio. The value relevance after IFRS adoption decreased. These findings differ from the findings in several countries have adopted IFRS. In many countries have adopted IFRS tends to increase the value relevance. Keyword : value relevance, earning per share, book value of equity, stock price, IFRS adoption, LQ-45

  19. Performance Test of the Salt transfer and Pellet fabrication of UCl{sub 3} Making Equipment for Electrorefining

    Woo, M. S.; Jin, H. J.; Park, G. I.; Park, S. B. [Korea Atomic Energy Research Institute, Daejeon (Korea, Republic of)

    2014-05-15

    The process to produce a uranium chloride salt includes two steps: a reaction process of gaseous chlorine with liquid cadmium to form the CdCl{sub 2} occurring in a Cd layer, followed by a process to produce UCl{sub 3} by the reaction of U in the LiCl-KCl eutectic salt and CdCl{sub 2}. Chemical reaction is next chlorination reaction; - Cd chlorination : Cd + Cl2 → CdCl{sub 2} - U chlorination : 3CdCl2 + 2U → 3Cd + 2UCl{sub 3} The apparatus for producing UCl{sub 3} consists of a chlorine gas generator, a uranium chlorinator, a Cd distiller, the pelletizer, a off-gas wet scrubber and a dry scrubber. Salt transfer system set among reactors to transfer salt at 500 .deg. C. The temperature of the reactants is maintained at about 600 .deg. C. After the reaction is completed in the uranium chlorinator, The Salt product is transferred to the Cd distiller to decrease residual Cd concentration in the salts, and then salt is transferred to the mould of pelletizer by a transfer system to fabricate pellet type salt. Performance test of the salt transfer and pellet fabrication of its equipment was tested in this work. Performance test of the salt transfer and pellet fabrication of UCl3 making equipment for Electrorefining carried out in this work. The result of equipment test is that melted salt at 600 .deg. C was easy transferred by salt transfer equipment heated at 500 .deg. C. In this time, salt transfer was carried out by argon gas pressurization at 3bar. When velocity of salt transfer was controlled under reduce pressure, velocity of salt transfer was difficult to control. And when salt pellet was fabricated by the mold of pelletizer heated at 90 .deg. C better than mold of pelletizer heated at 200 .deg. C because salt melted prevent leakage from mold of pelletizer.

  20. Fuel conditioning facility electrorefiner start-up results

    Goff, K.M.; Mariani, R.D.; Vaden, D.; Bonomo, N.L.; Cunningham, S.S.

    1996-01-01

    At ANL-West, there are several thousand kilograms of metallic spent nuclear fuel containing bond sodium. This fuel will be treated in the Fuel Conditioning Facility (FCF) at ANL-West to produce stable waste forms for storage and disposal. The treatment operations will make use of an electrometallurgical process employing molten salts and liquid metals. The treatment equipment is presently undergoing testing with depleted uranium. Operations with irradiated fuel will commence when the environmental evaluation for FCF is complete

  1. Electrorefining of High Carbon Ferromanganese in Molten Salts to Produce Pure Ferromanganese

    Xiao S. J.

    2017-09-01

    Full Text Available High carbon ferromanganese is used as a starting material to prepare pure ferromanganese by electrorefining in molten salts. High carbon ferromanganese was applied as the anode, molybdenum was the cathode and Ag/AgCl was the reference electrode. The anodic dissolution was investigated by linear polarization in molten NaCl-KCl system. Then potentiostatic electrolysis was carried out to produce pure ferromanganese from high carbon ferromanganese. The cathodic product was determined to be a mixture of manganese and iron by x-ray diffraction (XRD. The content of carbon in the product was analyzed by carbon and sulfur analyzer. The post-electrolysis anode was characterized by scanning electron microscope (SEM. The mechanism of the anode dissolution and the distribution of the main impurity of carbon and silicon after electrolysis were discussed.

  2. Investigation of electrorefining of metallic alloy fuel onto solid Al cathodes

    Cassayre, L.; Malmbeck, R.; Masset, P.; Rebizant, J.; Serp, J.; Soucek, P.; Glatz, J.-P.

    2007-01-01

    This work concerned the electrorefining of UZr and UPuZr alloys on a solid aluminium cathode, in the LiCl-KCl eutectic melt containing U 3+ , Pu 3+ , Np 3+ , Zr 2+ or Zr 4+ , Am 3+ , Nd 3+ , Y 3+ , Ce 3+ and Gd 3+ chlorides. During constant current electrolyses, the use of a cathodic cut-off potential (-1.25 V versus Ag/AgCl) allowed to selectively deposit actinides (mainly U), while lanthanides remained in the salt. The aim was to determine the maximal load achievable on a single aluminium electrode. The total exchange charge was 4300 C, which represents the deposition of 3.72 g of actinides in 4.17 g Al, yielding a composition of 44.6 wt% An in Al. It was shown that the melting of the cathode contributed to increase the total amount of actinides deposited on the aluminium

  3. The RPC-based IFR system at BaBar experiment: preliminary results

    Piccolo, Davide; Palano, A.; Bagnasco, S.; Buzzo, A.; Contri, R.; Crosetti, G.; Lo Vetere, M.; Macri, M.; Monge, R.; Passaggio, S.; Patrignani, C.; Robutti, E.; Santroni, A.; Anulli, F.; Baldini, R.; Calcaterra, A.; De Sangro, R.; Falciai, D.; Finocchiaro, G.; Patteri, P.; Peruzzi, I.; Piccolo, M.; Yu, Z.; Zallo, A.; Cavallo, N.; De Nardo, G.; Fabozzi, F.; Gatto, C.; Lista, L.; Paolucci, P.; Sciacca, C.; Bionta, R.; Wright, D.; Band, H.; Johnson, J.

    2002-01-01

    The IFR system is a RPC-based detector used to identify muons and neutral hadrons in the BaBar experiment at PEP II machine in SLAC. The RPC system can be used to reconstruct the trajectory of muons, pions and neutral hadrons interacting in the iron of the IFR. The different range and hit pattern allow to discriminate different particles crossing the IFR. An overview of the system design and the preliminary results on the IFR performances are reported

  4. IFRS 13 and investing decisions : A study of auditors and academics’ viewpoint

    Yarnold, Jonathan; Ravlic, Marko

    2014-01-01

    With the recent financial crisis that have happened and the global move towards fair value accounting financial institutions such as the IASB saw fit to increase the mandatory disclosure requirements by implementing IFRS 13 to regulated fair value accounting in IFRS. The implementation of IFRS 13 means that many of the old standards in regards to fair value will be replaced, for example investment properties reporting under IAS 40. Furthermore IFRS 13 redefines the classification system for a...

  5. The RPC-based IFR system at BaBar experiment preliminary results

    Piccolo, D; Bagnasco, S; Baldini, R; Band, H R; Bionta, R; Buzzo, A; Calcaterra, A; Cavallo, N; Contri, R; Crosetti, G; De Nardo, Gallieno; De Sangro, R; Fabozzi, F; Falciai, D; Finocchiaro, G; Gatto, C; Johnson, J; Lista, L; Lo Vetere, M; Macri, M; Monge, R; Palano, A; Paolucci, P; Passaggio, S; Patrignani, C; Patteri, P; Peruzzi, I; Piccolo, M; Robutti, E; Santroni, A; Sciacca, C; Wright, D; Yu, Z; Zallo, A

    2002-01-01

    The IFR system is a RPC-based detector used to identify muons and neutral hadrons in the BaBar experiment at PEP II machine in SLAC. The RPC system can be used to reconstruct the trajectory of muons, pions and neutral hadrons interacting in the iron of the IFR. The different range and hit pattern allow to discriminate different particles crossing the IFR. An overview of the system design and the preliminary results on the IFR performances are reported.

  6. BABAR IFR Replacement R and D

    Berry, M

    2003-01-01

    The Instrumented Flux Return (IFR) of the BaBar detector will soon need to be replaced by a more robust muon detection system. Scintillator bars with embedded Wavelength Shifting (WLS) fibers and Limited Streamer Tubes are two replacement technology options. The scintillator bars are tested for attenuation length; and causes for the large width of the Photo Multiplier Tube (PMT) signal are analyzed by Monte Carlo simulation. Cooling techniques for Avalanche Photo Diodes (APD) are investigated. The fairly high attenuation length coupled with the narrow PMT signal make the scintillator a viable option for a muon detecting system. Continuing work will focus on increasing timing resolution using an APD to read the signal from the WLS fibers, and investigating the lifetime of the APD. The ability to read a signal from the LST on external copper strips is tested and signals are found to be clearly distinguishable from noise. The voltage is compared to count rate to find that the optimal operating voltage for the LS...

  7. The Value Relevance of IFRS: The Case of Turkey

    Ahmet Turel

    2009-10-01

    Full Text Available Accounting standards that are mostly compatible with International Financial Reporting Standards (IFRS are required for consolidatedfinancial statements of all Turkish listed firms starting from 2005 fiscal year end. Before that, financial reporting in Turkey was closely related to taxreporting. Until 2003, all Turkish listed firms were preparing their financial statements in accordance with the local standards issued by the CapitalMarket Board of Turkey. In this study, I examine the relative and incremental value relevance of earnings and the book value of equity under CapitalMarket Board (CMB Accounting Standards (2001-2002 and under IFRS (2005-2006 for Turkish listed firms. I compare these two periods toinvestigate whether the mandatory adoption of IFRS increase relevance of earnings and book value of equity which are accepted as proxies ofaccounting quality. I find evidence that the value relevance of earnings and book value of equity has increased significantly after adopting IFRS. Inaddition, I find that the incremental value relevance of earnings increased between the CMB accounting standards period and the IFRS period.However, the incremental value relevance of book value of equity degreased in the same period.

  8. PENERAPAN IFRS DALAM PRAKTIK MANAJEMEN LABA PADA BANK PEMERINTAHAN INDONESIA

    Nurshadrina Kartika Sari

    2017-11-01

    Full Text Available Banking sector must use accountability for report their financial statement, because external and internal users use it to evaluate the condition of the company. In other side if banks do earnings management practices it will not support for these purpose. IFRS (International Financial Reporting Standards as the global financial standards that more accountable and transparance. This standard can push down the earnings management practice do by management. This research aims to obtain empirical evidence of IFRS implementation in earnings management practice, especially in Indonesia Government Banks during the period before and after using IFRS (2008-2015. The method of this research is using t-test by comparing data in 2008 to 2015. The result of this study indicates that there are differences in earnings management practice by management after implementation of IFRS. The contribution of this research is to get the empirical evidence related to the application of financial reporting standar based on IFRS, and producing transparency and accountable of the financial reports and decline in earnings management behavior.

  9. IFRS ADOPTION AND EARNINGS MANAGEMENT IN BRAZILIAN PUBLICLY TRADED COMPANIES

    Roberto Midoguti Joia

    2014-03-01

    Full Text Available In 2007, Brazil adopted the International Financial Reporting Standards (IFRS. Studies involving publicly traded companies in different countries around the world indicate that these new standards tend to improve the information quality and make it more comparable and transparent. This study was aimed at verifying any changes in the earnings management levels after 2010 and whether this happened in function of the full adoption of the IFRS by the Brazilian publicly traded companies (except for financial institutions. The data were extracted from the three-monthly financial statements of the databases from Economática and the Brazilian Securities Commission for the period from 2006 till 2011. To achieve the research objectives, two tests were applied. The first showed that the average discretionary accruals, calculated through the Modified Jones Model, were lower after 2010. Next, the regression analysis was elaborated, using panel data with Newey-West’s correction. The results did not confirm the hypothesis that the adoption of the IFRS affected the earnings management level in the period under analysis, but showed that the size and indebtedness significantly explain the discretionary accruals, independently of the adoption of the IFRS. The results suggest that larger companies with a large proportion of own capital tend to produce higher quality reports, independently of the adoption of the IFRS.

  10. The Influence of IFRS Adoption on Corporate Transparency and Accountability: Evidence from New Zealand

    Jude Edeigba

    2017-09-01

    Full Text Available This study investigates the implications of the gap between International Financial Reporting Standards (IFRS and New Zealand International Financial Reporting Standards (NZIFRS on financial reporting transparency, accountability and corporate fraud. Content analysis of IFRS and NZIFRS was carried out to determine if there are differences between IFRS and NZIFRS. Four IFRS, namely IAS 12, IFRS 13, IFRS 15, IAS 17 and IFRS 16 were analysed on the basis of adoption concessions and Reduced Disclosure Regime (RDR for tier 1 and 2 entities. The findings from these standards led to a review of the associated IFRS to further understand the implications of the standards on financial reporting transparency and decline in incidences of corporate fraud. We found that the difference between IFRS and NZIFRS lies in the financial reporting framework for tier 2 entities. However, we did not find a difference between IFRS and NZIFRS for entities in tier 1 but we identified a decline in incidences of corporate fraud after IFRS was adopted. We further identified the presence of information asymmetry for tier 2 which is capable of retaining Generally Accepted Accounting Principles (GAAPs. These differences may increase the incidence of corporate fraud among the entities in tier 2 of External Reporting Framework. This is due to an excessive concession from IFRS implementation in New Zealand.

  11. IFRS 8 OPERATING SEGMENTS: Eine Untersuchung der erstmaligen Anwendung in der Schweiz

    Meyer, C; Weiss, S

    2010-01-01

    Seit dem 1. Januar 2009 sind kotierte IFRS-Anwender verpflichtet, eine Segmentberichterstattung nach IFRS 8 zu erstellen. Anhand einer Analyse der Geschäftsberichte 2009 der an der SIX Swiss Exchange kotierten Unternehmen soll ein Überblick über die erstmalige Anwendung von IFRS 8 "Operating Segments" in der Schweiz gewonnen werden.

  12. 75 FR 51148 - Notice of Solicitation of Public Comment on Consideration of Incorporating IFRS Into the...

    2010-08-18

    ... plan on consideration of the incorporation of IFRS, involve the impact of such incorporation on: U.S... in that company? To what extent are investors aware of the potential impact of incorporation of IFRS... impact of accounting standards, whether IFRS or U.S. GAAP, on the companies that they currently, or may...

  13. The Impact of International Financial Reporting Standards (IFRS: Evidence from Canada

    Hilliard Theresa DiPonio

    2016-08-01

    Full Text Available The Canadian transition to IFRS provides a valuable IFRS learning opportunity. The Canadian transition and implementation of IFRS provides a unique opportunity to examine the conversion of financial reporting from a similar set of financial reporting rules as U.S. GAAP in a similar economic and business environment. The implementation and adoption of IFRS is not a monolithic event. Our ability to comprehensively understand and assess IFRS requires transparent disclosures such as those mandated by IFRS 1 and disaggregation of the equity components to observe and measure the impact of IFRS as it pertains to discretionary management implementation choices, material reclassifications, and GAAP-to-GAAP differences. Comprehensive knowledge of IFRS 1, First Time Adoption of International Financial Reporting Standards is crucial to our ability to assess the transitory and future impact of IFRS. IFRS 1 sets the precedent for financial reporting under IFRS, overrides transitional provisions included in other IFRS, and prescribes detailed disclosures. This detailed “rules-based” standard permits discretionary management policy choices which have material impact on transitory reporting as well as future financial results.

  14. Corporate Governance And International Financial Reporting Reference (Ifrs

    Gheorghe Lepadatu

    2011-05-01

    Full Text Available Between corporate governance and IFRS there is a causal relationship. Financial reporting is basedon managerial accountability. Corporate governance is the economic branch who studies how companies canbecome more efficient through the use of institutional structures such as: incorporation, organization andlegal framework. This branch is limited, in most cases, to studies on how shareholders can motivateexecutives to benefit the company through their efforts, resulting - finally - dividends. Starting from theglobal nature of the current crisis, we have considered as being necessary to point out its effects on thefinancial reporting and, implicitly, on the requirements for the corporate governance consolidation in order toensure the economic and financial stability desired. The macro-economic context favored the start of thecrisis, but the analysis made by experts showed other reasons for this, out of which some of the mostimportant are the corporate governance weaknesses and the insufficient means for protection against risks.We consider that these are reasons which ask for an objective analysis and a correct assessment of theregulatory process but also of the practice in the area corroborated with an invitation for a responsiblebehavior both of the entities management but also of the representatives of the accounting profession so muchinvolved in the correctness of the accounting reporting and therefore in the financial health of the entities.

  15. Analysis of IFR driver fuel hot channel factors

    Ku, J.Y.; Chang, L.K.; Mohr, D.

    1994-01-01

    Thermal-hydraulic uncertainty factors for Integral Fast Reactor (IFR) driver fuels have been determined based primarily on the database obtained from the predecessor fuels used in the IFR prototype, Experimental Breeder Reactor II. The uncertainty factors were applied to the channel factors (HCFs) analyses to obtain separate overall HCFs for fuel and cladding for steady-state analyses. A ''semistatistical horizontal method'' was used in the HCFs analyses. The uncertainty factor of the fuel thermal conductivity dominates the effects considered in the HCFs analysis; the uncertainty in fuel thermal conductivity will be reduced as more data are obtained to expand the currently limited database for the IFR ternary metal fuel (U-20Pu-10Zr). A set of uncertainty factors to be used for transient analyses has also been derived

  16. Perubahan Relevansi Nilai dalam Informasi Akuntansi Setelah Adopsi IFRS

    Trininik Ratih Wulandari

    2015-12-01

    Full Text Available This study aimed to examine the quality differences of accounting information in the period before and after the adoption of IFRS. The accounting quality was measured by relevance proxy value by looking at the change in R2 of the regression results between the stock price with the book value per share and earnings per share before and after the adoption of IFRS. Population was taken from manufacturing companies listed in ISE in the period 2007 and 2012 through multiple linear regression. Results showed that that the application of IFRS-based standards can improve the quality of accounting information and there is a structural change between the stock price with the book value per share and earnings per share.

  17. Convergence of Romanian accounting regulations with IFRS. A longitudinal analysis

    Ioana PĂLĂRIE

    2016-06-01

    Full Text Available In this paper we analyse the evolution in the level of convergence of the Romanian accounting regulations with IFRS in the last decade. We focus our study on the accounting topics covered by IAS16, IAS17, IAS 41 and SIC15. We find that in 2005 the regulations exhibit a good level of convergence for property, plant and equipment, a medium level of convergence for lease accounting and divergence for accounting for the agricultural activity. The overall convergence level improved over time for all the topics analysed. These results indicate that the companies with dual reporting may incur lower costs in applying IFRS. Moreover, the national regulations offer the opportunity for a higher level of comparability in Romania of the financial statements prepared under IFRS with those prepared under national regulations. However, we underline that the institutional factors (such as the tax influence over accounting might negatively affect the convergence of practices.

  18. Analysis of IFR driver fuel hot channel factors

    Ku, J.Y.; Chang, L.K.; Mohr, D.

    2004-01-01

    Thermal-hydraulic uncertainty factors for Integral Fast Reactor (IFR) driver fuels have been determined based primarily on the database obtained from the predecessor fuels used in the IFR prototype. Experimental Breeder Reactor II. The uncertainty factors were applied to the hot channel factors (HCFs) analyses to obtain separate overall HCFs for fuel and cladding for steady-state analyses. A 'semistatistical horizontal method' was used in the HCFs analyses. The uncertainty factor of the fuel thermal conductivity dominates the effects considered in the HCFs analysis; the uncertainty in fuel thermal conductivity will be reduced as more data are obtained to expand the currently limited database for the IFR ternary metal fuel (U-20Pu-10Zr). A set of uncertainty factors to be used for transient analyses has also been derived. (author)

  19. IFR starts to burn up weapons-grade material

    Anon.

    1994-01-01

    With funding from different parts of the federal government, the Integral Fast Reactor (IFR) project has survived into fiscal year 1994 and is now embarking on a demonstration of how this type of liquid-metal-cooled reactor (LMR) can be used to burn fuel derived from weapons-grade plutonium. This month, an assembly made from weapons-grade material is to be loaded into Experimental Breeder Reactor-II in Idaho, which is serving as the prototype for the IFR concept. Although FY 1994 work is being funded by the DOE, this particular examination of plutonium burnup is backed by the Department of Defense

  20. Forced Adoption of IFRS by Czech Non-Listed Companies: An Assessment of Benefits and Costs

    David Procházka

    2016-01-01

    The paper deals with the effects of IFRS adoption by a specific group of companies. It focuses on the so-called forced IFRS adopters, which are such private (non-listed) companies that (a) are forced to adopt the IFRS (because their parent prepares IFRS consolidated statements) and simultaneously (b) are not permitted by the regulatory framework of a given jurisdiction to apply the IFRS in their individual financial statements on a  voluntary basis. In particular, benefits and costs connected...

  1. Evolution of the liquid metal reactor: The Integral Fast Reactor (IFR) concept

    Till, C.E.; Chang, Y.I.

    1989-01-01

    The Integral Fast Reactor (IFR) concept has been under development at Argonne National Laboratory since 1984. A key feature of the IFR concept is the metallic fuel. Metallic fuel was the original choice in early liquid metal reactor development. Solid technical accomplishments have been accumulating year after year in all aspects of the IFR development program. But as we make technical progress, the ultimate potential offered by the IFR concept as a next generation advanced reactor becomes clearer and clearer. The IFR concept can meet all three fundamental requirements needed in a next generation reactor. This document discusses these requirements: breeding, safety, and waste management. 5 refs., 4 figs

  2. TAX IMPLICATIONS OF ADOPTING IFRS FOR STATUTORY FINANCIAL STATEMENT, EMPIRICAL STUDY ON BSE COMPANIES

    Burca Valentin

    2013-03-01

    Full Text Available The current context of globalization, financial markets mondialisation, internationalization of production and intensification of international trade relations represents references that justify the need for an international project of reducing international accounting differences between the local accounting referential. Recent developments in the area of financial reports improvements interest devotes international accounting convergence solution as the way forward. Regardless of the approach chosen by each country in the process of international accounting convergence, the situation of conflict situation between state vs. accounting profession persists nowadays. This situation has led to the establishment of a dual financial reporting system at the national level, not at all beneficial to the users of financial information. The success of international accounting convergence process is reduced to the level of the consolidated financial statements of listed companies. The next step that needs to be done is also to provide solutions of accounting convergence to the rest of the companies, and also to extend the normalization process for the statutory financial statements too. Positive effects of international accounting referential, confirmed by recent studies, become a solid base for adopting IFRS for statutory financial statements too. The main impediment that needs to be eliminated is to convince the state that this step is appropriate for all players of accounting information market. Considering romanian current situation, where from now IFRS is used to report the statutory financial statements of listed companies too, we try, by an empirical approach at the level of BVB, to look for the impact of such a legislative change. The main objective is to check if the state budget is affected consistently, and also take a look on the economic effects of IFRS adoption gained by companies, especially on evolution of rate-of-equity and short

  3. IFRS, US GAAP OR ROMANIAN REGULATIONS CAN THEY BECOME ONE?

    Fulop Melinda

    2010-12-01

    Full Text Available In a period when convergence is the main driving force of IASB and FASB programmes, who needs a comparison of the two sets of standards-IFRS issued by IASB and US GAAP issued by FASB? Arent they mainly the same after 5 years of hard work of those who establish the two sets of standards? The answer lies in the fact that mostly all people who work in a multinational company has to understand the present differences between these two sets of standards. A combination of the convergence of the national standards with the IFRS and the follow-up use of IFRS standards would mean that the two accounting languages from all over the world should be reduced rapidly only to IFRS and US GAAP. Although these two sets of standards are more and more similar to each other, they are not totally identical-yet. And until they become identical it will be necessary to state clearly and explain the differences that exist between them.

  4. DO LISTED COMPANIES IN PSE MEET IFRS DISCLOSURE REQUIREMENTS

    TEREZA MIKOVÁ

    2013-12-01

    Full Text Available Strong international integration and globalization affects the contemporary world´s economy which has influence in development of movement of capital, financial markets and decision making of each business entity. Because of increased force to comparability between companies, the idea of one single-setting globally accepted financial reporting standards was started in 1973 in London by International Accounting Standards Committee (IASC as a standards setter of International Accounting Standards (IAS. In the year 2000 the International Organization of Securities Commission (IOSCO recommended to use IFRS for all their members. The paper states about Prague Stock Exchange (PSE as a member of IOSCO, its index PX and companies which create the index PX. The index base is composed of 14 companies which reported their financial statements in accordance with International Financial Reporting Standards (IFRS, earlier IAS. The aim of the paper is to briefly introduce Prague Stock Exchange and index PX and to evaluate the chosen disclosure requirements of companies which create the index. The disclosure requirements, which are assessed are chosen from IAS 1: Presentation of Financial Statements and IFRS 8: Segments reporting. Research of disclosure requirements has been done by gathering the financial statements from years: 2011 and 2012 and assessment of chosen question is based on disclosure requirements of IAS 1 and IFRS 8. Those standards were chosen because of the wide range of companies. The next part of research is to assess the development between the compared years.

  5. 14 CFR 125.205 - Equipment requirements: Airplanes under IFR.

    2010-01-01

    .... For the purposes of this paragraph, each engine-driven source of energy must be on a different engine... airplane under IFR unless it has— (a) A vertical speed indicator; (b) A free-air temperature indicator; (c... two generators each of which is on a separate engine, or which any combination of one-half of the...

  6. The Connection between IAS/IFRS and Social Responsibility

    Stefano AMELIO

    2016-05-01

    Full Text Available The aim of the paper is to evaluate the degree of social responsibility arising from the statement of comprehensive income prepared according to IAS/IFRS, to demonstrate whether the values obtained from prospects and from the calculation of the indicators are sufficient to analyze the Company's performance from the perspective of social responsibility and sustainable value or not. In order to achieve the objective of harmonization, the European Union adopted the IAS/IFRS developed by the International Accounting Standards Board (IASB. The research is divided into two sections and the approach used is mainly theoretical and qualitative. In the first part, the financial statements to be prepared according to IAS 1 and IAS 7 and, in particular, the so called statement of profit or loss and other comprehensive income for the period are analyzed by underling the function of the same and by presenting some financial performance indicators. Then, the research highlights how these values obtained are not useful to communicate the company's strategy in terms of social responsibility and sustainable value. In the second part the analyses exposes the concept of social balance. According to the social responsibility view the IAS/IFRS financial statements should be accompanied by the social balance. It becomes crucial to complete the set of financial statements stated from IAS 1 with a social balance as well as the same IAS 1 contemplates. For this reason it is possible to say that the connection between IAS/IFRS and social responsibility is weak.

  7. 1998 Fuel Use and Emissions for Danish IFR Flights

    Winther, M.

    This report explains a city-pair fuel use and emission inventory made for all IFR (Instrumental Flight Rules) flights leaving Danish airports in 1998. Pollutants covered are CO, NOx, VOC, CO2 and SO2. The calculations have been made for domestic and international LTO (Landing and Take Off...

  8. The design rationale of the Integral Fast Reactor (IFR)

    Wade, D.C.; Hill, R.N.

    1997-01-01

    The Integral Fast Reactor (IFR) concept has been developed over the last ten years to provide technical solutions to perceptual concerns associated with nuclear power. Beyond the traditional advanced reactor objectives of increased safety, improved economy and more efficient fuel utilization, the IFR is designed to simplify waste disposal and increase resistance to proliferation. Only a fast reactor with an efficient recycle technology can provide for total consumption of actinides. The basic physics governing reactor design dictates that, for efficient recycle, the fuel form should be limited in burnup only by radiation damage to fuel cladding. The recycle technology must recover essentially all actinides. In a fast reactor, not all fission products need to be removed from the recycled fuel, and there is no need to produce pure plutonium. Recovery, recycle, and ultimate consumption of all actinides resolves several waste-disposal concerns. The IFR can be configured to achieve safe passive response to any of the traditional postulated reactor accident initiators, and can be configured for a variety of power output levels. Passive heat removal is achieved by use of a large inventory sodium coolant and a physical configuration that emphasizes natural circulation. An IFR can be designed to consume excess fissile material, to produce a surplus, or to maintain inventory. It appears that commercial designs should be economically competitive with other available alternatives. (author)

  9. Which analysts benefited most from mandatory IFRS adoption in Europe?

    Beuselinck, Christof; Joos, Philip; Khurana, I.K.; van der Meulen, Sofie

    2017-01-01

    This study examines whether financial analysts' research structure and portfolio selection choices helped in improving relative earnings forecast accuracy around mandatory IFRS adoption in Europe. Using a sample of 68,665 one-year ahead forecasts for 1,980 publicly listed firms, we find that

  10. General aaproach to the IFRS and US GAAP convergence

    Hana Bohušová

    2011-01-01

    Full Text Available Two most significant organizations in the field of financial reporting regulation setters in the world – the Financial Accounting Standard Board (FASB and the International Accounting Standards Board (IASB have recognized that in order international capital markets to function properly, a single set of high-quality international accounting standards designed especially for listed companies around the world must exist. The effort should be especially aimed at spreading the IFRS around the world and the FASB – IASB Convergence. The most significant difference between the US GAAP and IFRSs is in the area of the general approach. The IFRSs are based on basic accounting principles with limited application guidance, US GAAPs are based especially on rules with specific application guidance. The main objective of this work is to assist in the development of an improved common conceptual framework that provides a sound foundation for developing future accounting standards.The structure of the paper is divided into three parts. The theoretical background presents the historical development of the IAS/IFRS and US GAAP convergence efforts in general. The second part of the paper is aimed at the comparative analysis of conceptual frameworks (the IAS/IFRS and US GAAP. At the end, based on the results of the comparative analysis, the basic principles for a common conceptual framework, which should be applicable, are clarified. The paper uses the standard methods of scientific work. Firstly, the method of description is used to describe the development in the area of IAS/IFRS and US GAAP convergence. Then, a comparative analysis is used to discuss the differences in the position a principles of conceptual frameworks the IAS/IFRS and US GAAP. At the end the method of synthesis, deduction and induction is used.

  11. Comparability of financial statements prepared according to IFRS and IFRS for SMEs in the field of intangible assets

    Hana Bohušová

    2010-01-01

    Full Text Available IFRS for SMEs were adopted in July 2009 as a result of efforts to harmonize financial reporting for SMEs. These standards are based on the same principles as full standards. The aim is, compared to full IFRS reporting of these businesses, to significantly simplify, mainly from the reason that the strict application of the principles of the full standards does not excessively financially and administratively burden smaller accounting entity. Field of identifying, recording and reporting of intangible assets except goodwill is an important field in which the methodology is substantially different. In the pre­sent paper there is documented on the example the impact of different methods for recording of internally generated intangible assets in the both systems into balance sheet and profit or loss and into the selected indicators of financial analysis. Definition of issues that may arise during the transition from the IFRS for SMEs to full IFRS and vice versa, in the context of drafting the opening balance sheet is another field to which the paper is dedicated.

  12. Impact of adopting IFRS standard on the equity cost of brazilian open capital companies / Impacto da adoção do padrão IFRS no custo de capital próprio das empresas de capital aberto no Brasil

    Rafael Confetti Gatsios

    2016-08-01

    Full Text Available Purpose: This study aims to assess the impact of adopting IFRS standard on the equity cost of Brazilian open capital companies in the period of 2004-2013. Originality/gap/relevance/implications: The adoption of International Financial Reporting Standards aims to increase the quality of accounting information. Studies performed in Europe suggest that, after the adoption of the IFRS standard, there was a reduction in the equity cost of companies due to the reduction of information asymmetry and risk. Key methodological aspects: The equity cost was calculated using the capital asset pricing model (CAPM adapted to the Brazilian case. The empirical strategy was the difference analysis in differences, comparing the results of companies that voluntarily adopted the IFRS with companies that adopted IFRS after the mandatory adoption period. Summary of key results: The results indicate that the adoption of the IFRS standard does not contribute to reduce the equity cost in Brazil. Key considerations/conclusions: Suggesting that the process of adopting the international accounting standard may take more time to impact the equity cost of Brazilian open capital companies, since the impact of IFRS is not related only with the adoption, but also with its use by companies and users. Objetivo: Este trabalho se propõe a avaliar o impacto da adoção do padrão IFRS sobre o custo de capital próprio das empresas de capital aberto no Brasil. Originalidade/Lacuna/Relevância/Implicações: A adoção do padrão International Financial Reporting Standards (IFRS apresenta como objetivo o aumento da qualidade das informações contábeis. Estudos realizados para a Europa indicam que após a adoção do padrão IFRS se verificou a redução do custo de capital próprio das empresas devido a redução da assimetria de informação e do risco. Principais aspectos metodológicos: O estudo foi realizado no período de 2004 a 2013. O custo de capital próprio foi calculado

  13. An Analysis of Accountancy Firms Perspectives of the Need to Apply IFRS in Small and Medium Enterprises

    Fernando Lins Alves

    2013-12-01

    Full Text Available This paper examines the services provided by accountancy professionals to small and medium enterprises (SME. More specifically, the purpose is to understand the level of utilisation of international standards to these organisations “IFRS for SME” in Brazil in accordance to the national standards (NBC T 19.41. Overall, 32 interviews were carried out in accountancy organisations in the city of Recife-PE. The study focuses on the knowledge, utilisation and applicability of the International Standards to SME. The results show that there is a lack of utilisation of the standards and that some accountancy professionals do not have knowledge regarding the changes produced by the convergence process. Moreover, the study reveals that the majority of accountancy professionals consider unnecessary to adopt the “IFRS for SME”.

  14. IFRS and US GAAP convergence in the area of borrowing costs

    Hana Bohušová

    2009-01-01

    Full Text Available An agreement from Norwalk was issued in September 2002 on the basis of negotiations of Financial Accounting Standards Board (FASB a International Accounting Standards Board (IASB for the elimination of restrictions in the form of two different systems of financial reporting. The aim is to ensure absolute compatibility of existing U.S. GAAP and IFRS and the coordination of work programs in the future. Document Memorandum of Understanding was issued in 2006 in the frame of ongoing process of convergence, in which the FASB and IASB confirm their intention to create high-quality and global financial reporting standards. In this document there are specified areas, which would lead to convergence of procedures.Borrowing costs have been one from the fields, which was the subject of convergence works. U.S. GAAP dictated capitalization of borrowing costs incurred in connection with the acquisition of qualifying assets, while the IAS/IFRS leaved the decision on accounting entities, how it recognize and record borrowing costs incurred in connection with the acquisition of the assets.In the beginning, the method of analysis and description is used to identify and describe the basic difference of both systems, which had existed before the initiation of convergence within the frame of “Borrowing Costs” project. The above mentioned primary analysis has served as the basis for the further comparative analysis and synthesis.The paper further presents comparative analysis of two basic methodical approaches towards the borrowing costs reporting incurred in relation to the acquisition of the qualifying assets, which was possible to apply until 31st Dec 2008 under IFRS system.The comparative analysis is based on empirical company data. The subjects are mainly the differences in the indicators, which are used for the evaluation of the company financial situation. According (Suvova, 1999, mainly the indicators of vertical analysis of property and capital structure

  15. Investigation of electrorefining of metallic alloy fuel onto solid Al cathodes

    Cassayre, L. [European Commission, Joint Research Centre, Institute for Transuranium Elements, P.O. 2340, 76125 Karlsruhe (Germany); Malmbeck, R. [European Commission, Joint Research Centre, Institute for Transuranium Elements, P.O. 2340, 76125 Karlsruhe (Germany)]. E-mail: rikard.malmbeck@cec.eu.int; Masset, P. [European Commission, Joint Research Centre, Institute for Transuranium Elements, P.O. 2340, 76125 Karlsruhe (Germany); Rebizant, J. [European Commission, Joint Research Centre, Institute for Transuranium Elements, P.O. 2340, 76125 Karlsruhe (Germany); Serp, J. [European Commission, Joint Research Centre, Institute for Transuranium Elements, P.O. 2340, 76125 Karlsruhe (Germany); Soucek, P. [European Commission, Joint Research Centre, Institute for Transuranium Elements, P.O. 2340, 76125 Karlsruhe (Germany); Glatz, J.-P. [European Commission, Joint Research Centre, Institute for Transuranium Elements, P.O. 2340, 76125 Karlsruhe (Germany)

    2007-01-15

    This work concerned the electrorefining of UZr and UPuZr alloys on a solid aluminium cathode, in the LiCl-KCl eutectic melt containing U{sup 3+}, Pu{sup 3+}, Np{sup 3+}, Zr{sup 2+} or Zr{sup 4+}, Am{sup 3+}, Nd{sup 3+}, Y{sup 3+}, Ce{sup 3+} and Gd{sup 3+} chlorides. During constant current electrolyses, the use of a cathodic cut-off potential (-1.25 V versus Ag/AgCl) allowed to selectively deposit actinides (mainly U), while lanthanides remained in the salt. The aim was to determine the maximal load achievable on a single aluminium electrode. The total exchange charge was 4300 C, which represents the deposition of 3.72 g of actinides in 4.17 g Al, yielding a composition of 44.6 wt% An in Al. It was shown that the melting of the cathode contributed to increase the total amount of actinides deposited on the aluminium.

  16. NEWS AND INSIGHTS ON THE CONVERGENCE OF IFRS - U.S. GAAP

    Ionela Cristina Breahna Pravat

    2013-12-01

    Full Text Available International accounting convergence is a highly complex process that began decades ago, emphasized globalization being the main factor that determined setters, professional bodies, investors to become aware of the importance of completing this process, namely the development and implementation of a common set of standards covering all areas of financial reporting. This objective was initially assumed by the International Accounting Standards Committee (IASC, now the International Accounting Standards Board (IASB.In this respect, at first it is noted the convergence of U.S. standards with the international ones, respectively the convergence of U.S. GAAP - IFRS standards, that, at least in theory, are not so different from each other, as we can say that, just as IFRS, U.S. GAAP were designed as a system of principles-based accounting. In reality, the U.S. standards system has proven to be more of a rules-based accounting system, unlike his international equivalent/counterpart. And the current state of convergence of the two sets of rules still reflects significant differences, plus the opposition of some entities to accept international standards.

  17. Pyrometallurgical processing of Integral Fast Reactor metal fuels

    Battles, J.E.; Miller, W.E.; Gay, E.C.

    1991-01-01

    The pyrometallurgical process for recycling spent metal fuels from the Integral Fast Reactor is now in an advanced state of development. This process involves electrorefining spent fuel with a cadmium anode, solid and liquid cathodes, and a molten salt electrolyte (LiCl-KCl) at 500 degrees C. The initial process feasibility and flowsheet verification studies have been conducted in a laboratory-scale electrorefiner. Based on these studies, a dual cathode approach has been adopted, where uranium is recovered on a solid cathode mandrel and uranium-plutonium is recovered in a liquid cadmium cathode. Consolidation and purification (salt and cadmium removal) of uranium and uranium-plutonium products from the electrorefiner have been successful. The process is being developed with the aid of an engineering-scale electrorefiner, which has been successfully operated for more than three years. In this electrorefiner, uranium has been electrotransported from the cadmium anode to a solid cathode in 10 kg quantities. Also, anodic dissolution of 10 kg batches of chopped, simulated fuel (U--10% Zr) has been demonstrated. Development of the liquid cadmium cathode for recovering uranium-plutonium is under way

  18. The illusion of comparable European IFRS financial statements. Beliefs of auditors, analysts and other users

    Vicky COLE; Joel BRANSON; Diane BREESCH

    2011-01-01

    Reaching higher comparability was one of the main goals of the implementation of the International Financial Reporting Standards (IFRS) in the European Union in 2005. However, national accounting traditions and cultural differences continue to cause differences in the application of IFRS (KPMG & von Keitz, 2006). European IFRS financial statements might therefore be less comparable than users of these statements possibly assume. This study contributes by determining to what extent auditors, a...

  19. MEASURING THE EFFECTS OF IFRS ADOPTION IN ROMANIA ON THEVALUE RELEVANCE OF ACCOUNTING DATA

    Irina-Doina Pascan

    2014-01-01

    In Romania, the entities listed on a regulated market must prepare their individualfinancial statements in accordance with the International Financial Reporting Standards (IFRS)starting with the financial year 2012. Since the IFRSs are considered high-quality accountingstandards, IFRS adoption should lead to improvement of the quality of financial reporting. In thispaper, we analyze the effect of mandatory IFRS introduction in Romania on accounting quality.Our main objective is to empirically...

  20. IFRS adoption in one Norwegian and one Russian bank : a comparative study

    Kulikov, Mikhail

    2008-01-01

    Mastergradsoppgave i bedriftsøkonomi - Høgskolen i Bodø, 2008 International Financial Reporting Standards (IFRS) have become an integral part of the global financial environment and Russia and Norway now is no exception to this global trend. The present research seeks: · To describe differences/similarities of IFRS adoption in one Norwegian and one Russian Bank, · To analyze these differences based on accounting and institutional theory, · To understand challenges of IFRS...

  1. Peluang Manajemen Laba Pasca Konvergensi Ifrs: sebuah Tinjauan Teoritis dan Empiris

    Cahyati, Ari Dewi

    2011-01-01

    The convergency accounting standards to IFRS raises a variety of influences, in accordance with IFRS characteristics such as : principle-based, the use of fair value and more disclosure. Principles-based standards require more judgment in its application, while the use of fair value items make the financial statements are presented with the actual values, more disclosure would reduce the level of information asymmetry. Convergence of IFRS is expected increasing financial reporting qual...

  2. Impact of IFRS 13 on disclosure requirements under fair value hierarchy : Case: Industrial sector in Finland

    Artemyeva, Anastasia

    2016-01-01

    Due to globalization, more companies become international. This created a necessity for a common accounting language, International Financial Reporting Standards (IFRS). International convergence of accounting standards is still under investigation and new standards are being issued. This research work is specifically focused on one accounting standard, IFRS 13, Fair Value Measurement that is planned to be under a post implementation review in 2016. The study investigated the impact of IFRS 1...

  3. Theoretical and computational analysis of IFR beam transport on curved channels

    Rienstra, W.W.

    1987-01-01

    With the successful demonstration at Sandia National Laboratory and at Lawrence Livermore Laboratory of ion focused regime (IFR) electron beam guiding in accelerators there has developed interest in using IFR channels to steer beams along curved paths. The authors report the calculations of the expected emittance growth from such channels and the results of the TRACKER code simulations of IFR steering with the assistance of strong focus sector magnets

  4. ACCOUNTING POLICIES OF COMPANIES IN THE FRAMEWORK OF IFRS

    B. Zasadnyi

    2014-09-01

    Full Text Available The article investigates the nature of the accounting policies as a set of principles, approaches, methods, forms and procedures used for the purpose of accounting and reporting. Accounting policies are an important step in the organization of accounting, where the subject is the management of a company and the object is the system of accounting and reporting, and are designed to provide users with information needed to make effective managerial decisions. For resident companies applying IFRS for financial reporting, we suggest the structure for a document on accounting policies, which allows to take into account all the key points of accounting policy and, if necessary, can be expanded. In addition, we define the main factors that influence the development of accounting policies in the framework of IFRS.

  5. Övergången till IFRS : Konsekvenser

    Wetterholm, Emelie; Bergström, Mari

    2005-01-01

    Bakgrund : EU: s antagande av förordningen (EG) nr. 1606/2002 om tillämpning av internationella redovisningsstandarder innebär att alla börsnoterade bolag i medlemsländerna måste tillämpa de i förordningen angivna IFRS-standarderna i sin koncernredovisning från och med 2005. Problem: Införandet av IFRS för noterade bolags koncernredovisningar kommer att innebära olika konsekvenser för berörda bolag. Trots att svenska bolag tidigare redovisat enligt RR kommer övergången att innebära vissa väse...

  6. IFRS IN ROMANIAN BANKING SYSTEM. LIMITS AND CHALLENGES

    Inesa TOFANICA; Emil HOROMNEA; Mihaela CHIRIAC

    2017-01-01

    In our globalized world, accounting has followed the trend and it has imposed comparability norms in order to adjust to everyday economic transactions. The International Financial Reporting Standards are a set of accounting standards developed by a non-profit organization called IASB (International Accounting Standards Board). This set of standards is applied in many countries all over the world, and Romania is one of them. The advantages of IFRS are well known and recognized, but the path of...

  7. IFRS Accounting in progress : From a student perspective

    2013-01-01

    Students in the course International Accounting at the master level are encouraged to partake not just in class discussions but also in giving classes. This partaking pedagoical orientation helps the students develop analytical and integrative capabilities for dealing with international financial reporting and international accounting policy issues. As a result of this pedagogical direction the students have written, from a student pespective, a text book on different aspects on IFRS accounti...

  8. Value Relevance of Embedded Value and IFRS 4 Insurance Contracts

    Rebecca Chung-Fern Wu; Audrey Wen-Hsin Hsu

    2011-01-01

    In light of the recent exodus of foreign insurers from Taiwan and the local insurers’ outcries against the International Financial Reporting Standard (IFRS) 4 Insurance Contracts, we examine the value relevance of financial statements for life insurance firms, with particular interests to the embedded value (EV) disclosure. We find that the EV of equity has an incremental information role for book value of equity, which indicates that the accounting mismatching problem in the insurance indust...

  9. Value-Relevance of Biological Assets under IFRS

    Rute Gonçalves; Patrícia Lopes

    2015-01-01

    Using 389 firm-year observations of listed firms worldwide in 27 countries that adopted International Financial Reporting Standards (IFRS) until 2010, for the period 2011-2013, the purpose of this paper is to examine the value-relevance of fair value accounting of biological assets. In order to operationalize it as the book value’s ability to explain market equity value, this study adjusts the Ohlson model. The results support that recognized biological assets are value-relevant. After includ...

  10. Development of molten salt electrorefining process. Basic behavior of deposition on the stirred liquid cadmium cathode

    Kondou, Naruhito; Koyama, Masashi; Iizuka, Masatoshi

    1996-01-01

    An impeller type liquid metal cathode has been studied by the authors for designing and developing a liquid cadmium cathode which is capable of collects the mixture of plutonium and uranium without formation of dendritic uranium. In this study, radial profile of the liquid surface was measured with various rotating speed and dimension of the impeller. Then, electrodepositions of zinc metal in the liquid gallium metal cathode was carried out for obtaining operational conditions such as current density and Reynolds number. The obtained result can be written in the following form, w c ∞i -1 ·N Re 0.3 , where w c is the maximum concentration in the liquid metal cathode, i is the cathode current density and N Re is the agitational Reynolds number. (author)

  11. Morphology of uranium electrodeposits on cathode in electrorefining process: A phase-field simulation

    Shibuta, Yasushi; Sato, Takumi; Suzuki, Toshio; Ohta, Hirokazu; Kurata, Masaki

    2013-01-01

    Morphology of uranium electrodeposits on cathode with respect to applied voltage, zirconium concentration in the molten salt and the size of primary deposit during pyroprocessing is systematically investigated by the phase-field simulation. It is found that there is a threshold zirconium concentration in the molten salt demarcating planar and cellular/needle-like electrodeposits, which agrees with experimental results. In addition, the effect of size of primary deposits on the morphology of electrodeposits is examined. It is then confirmed that cellular/needle-like electrodeposits are formed from large primary deposits at all applied voltages considered, whereas both the planar and cellular/needle-like electrodeposits are formed from the primary deposits of 10 μm and less

  12. Investigation of residual anode material after electrorefining uranium in molten chloride salt

    Rose, M.A., E-mail: marose@anl.gov [Department of Nuclear Engineering, Purdue University, West Lafayette, IN, 47907 (United States); Nuclear Engineering Division, Argonne National Laboratory, Argonne, IL 60439 (United States); Williamson, M.A.; Willit, J. [Nuclear Engineering Division, Argonne National Laboratory, Argonne, IL 60439 (United States)

    2015-12-15

    A buildup of material at uranium anodes during uranium electrorefining in molten chloride salts has been observed. Potentiodynamic testing has been conducted using a three electrode cell, with a uranium working electrode in both LiCl/KCl eutectic and LiCl each containing ∼5 mol% UCl{sub 3}. The anodic current response was observed at 50° intervals between 450 °C and 650 °C in the eutectic salt. These tests revealed a buildup of material at the anode in LiCl/KCl salt, which was sampled at room temperature, and analyzed using ICP-MS, XRD and SEM techniques. Examination of the analytical data, current response curves and published phase diagrams has established that as the uranium anode dissolves, the U{sup 3+} ion concentration in the diffusion layer surrounding the electrode rises precipitously to levels, which may at low temperatures exceed the solubility limit for UCl{sub 3} or in the case of the eutectic salt for K{sub 2}UCl{sub 5}. The reduction in current response observed at low temperature in eutectic salt is eliminated at 650 °C, where K{sub 2}UCl{sub 5} is absent due to its congruent melting and only simple concentration polarization effects are seen. In LiCl similar concentration effects are seen though significantly longer time at applied potential is required to effect a reduction in the current response as compared to the eutectic salt.

  13. Actinide recycle potential in the IFR [Integral Fast Reactor

    Chang, Y.I.

    1989-01-01

    Rising concern about the greenhouse effect reinforces the need to reexamine the question of a next-generation reactor concept that can contribute significantly toward substitution for fossil-based energy generation. Even with only the nuclear capacity on-line today, world-wide reasonably assured uranium resources would last for only about 50 years. If nuclear is to make a significant contribution, breeding is a fundamental requirement. Uranium resources can then be extended by two orders of magnitude, making nuclear essentially a renewable energy source. The key technical elements of the IFR concept are metallic fuel and fuel cycle technology based on pyroprocessing. Pyroprocessing is radically different from the conventional PUREX reprocessing developed for the LWR oxide fuel. Chemical feasibility of pyroprocessing has been demonstrated. The next major step in the IFR development program will be the full-scale pyroprocessing demonstration to be carried out in conjunction with EBR-II. IFR fuel cycle closure based on pyroprocessing can also have a dramatic impact on the waste management options, and in particular on the actinide recycling. 6 figs

  14. Evaluation of chloride-ion-specific electrodes as in situ chemical sensors for monitoring total chloride concentration in aqueous solutions generated during the recovery of plutonium from molten salts used in plutonium electrorefining operations

    Smith, W.H.

    1992-10-01

    Two commercially available chloride-ion-specific electrodes (CLISEs), a solid-state type and a membrane type, were evaluated as potential in situ chemical sensors for determining total chloride ion concentration in mixed sodium chloride/potassium chloride/hydrochloric acid solutions generated during the recovery of plutonium from molten salts used in plutonium electrorefining operations. Because the response of the solid-state CLISE was closer than was the response of the membrane-type CLISE to the theoretical response predicted by the Nernst equation, the solid-state CLISE was selected for further evaluation. A detailed investigation of the characteristics of the chloride system and the corresponding CLISE response to concentration changes suggested four methods by which the CLISE could be used either as a direct, in situ sensor or as an indirect sensor through which an analysis could be performed on-line with a sample extracted from the process solution

  15. International financial reporting standards (IFRS as a change agent in Ukraine

    Jessica Hong Yang

    2013-09-01

    Full Text Available The study aims to examine the perception of key actors regarding the costs and benefits that result from adopting International Financial Reporting Standards (IFRS in Ukraine. Design/Methodology/Approach – The authors conducted a questionnaire survey in order to identify perceptions of financial managers of Ukrainian listed firms regarding the benefits and the costs associated with transition to IFRS. Our results showed that IFRS implementation impacts on internal reporting quality, the relationship with customers, creditors and shareholders, the access to international markets and external financing. It also indicated that financial managers have serious concerns about implementation costs related to the introduction of IFRS. These costs relate to training, instruction on IFRS adoption and translation of current IFRS, changes in software systems, double purpose accounting and deadlines for IFRS adoption and consulting services. Whilst this research has established a general model that consists of six factors, affecting IFRS relevance to Ukraine, the extent of interrelations between these factors is not clear. Thus, it may be of a great interest for future research to explore this issue in more detail and, in particular, conduct empirical research to determine the extent of interdependency between six factors in the model. The results and conclusions of this research can be of a great interest to policy makers and business practitioners since all public companies in Ukraine are obliged to adopt IFRS from 2012. It might be of interest to conduct this research on results of mandatory implementation of IFRS in Ukraine while taking into account the circumstances that suggested almost no relevance of the international accounting standards to the country at the moment of their application. This is the first metrical study that discusses the relevance of IFRS to Ukraine’s national needs

  16. Separation and Recovery of Uranium Metal from Spent Light Water Reactor Fuel via Electrolytic Reduction and Electrorefining

    Herrmann, S.D.; Li, S.X.

    2010-01-01

    A series of bench-scale experiments was performed in a hot cell at Idaho National Laboratory to demonstrate the separation and recovery of uranium metal from spent light water reactor (LWR) oxide fuel. The experiments involved crushing spent LWR fuel to particulate and separating it from its cladding. Oxide fuel particulate was then converted to metal in a series of six electrolytic reduction runs that were performed in succession with a single salt loading of molten LiCl - 1 wt% Li2O at 650 C. Analysis of salt samples following the series of electrolytic reduction runs identified the diffusion of select fission products from the spent fuel to the molten salt electrolyte. The extents of metal oxide conversion in the post-test fuel were also quantified, including a nominal 99.7% conversion of uranium oxide to metal. Uranium metal was then separated from the reduced LWR fuel in a series of six electrorefining runs that were performed in succession with a single salt loading of molten LiCl-KCl-UCl3 at 500 C. Analysis of salt samples following the series of electrorefining runs identified additional partitioning of fission products into the molten salt electrolyte. Analyses of the separated uranium metal were performed, and its decontamination factors were determined.

  17. Impedimetric Thiourea Sensing in Copper Electrorefining Bath based on DC Magnetron Sputtered Nanosilver as Highly Uniform Transducer

    Mozaffari, S.A.; Amoli, H. Salar; Simorgh, S.; Rahmanian, R.

    2015-01-01

    Highlights: • Fabrication of a novel disposable impedimetric thiourea sensor based on nanostructured Ag film transducer. • Exploiting sputtering as a high-tech method for preparation of highly uniform nanostructured Ag film. • A wonderful combination of nanostructured Ag film and carbon paper substrate as remarkably stable and reproducible sensor for thiourea detection in copper electrorefining bath. • Application of impedimetric assessment for thiourea monitoring due to its rapidity, sensitivity, and repeatability. - Abstract: Highly uniform sputtered nanostructured silver (Nano-Ag) film on the conductive carbon paper (CP) substrate (Nano-Ag/CP) was applied as a novel approach for thiourea (TU) measurement in copper electrorefining bath. Nano-Ag film was achieved by direct current (DC) magnetron sputtering system at the optimized instrumental deposition conditions. Characterization of the surface structure of Nano-Ag film by field emission-scanning electron microscopy (FE-SEM), exhibits uniform Nano-Ag film as an effective transducer for TU sensing. Step by step monitoring of Nano-Ag/CP electrode fabrication were performed using electrochemical methods such as cyclic voltammetry (CV) and electrochemical impedance spectroscopy (EIS) techniques. Fabricated Nano-Ag/CP electrode was used for TU determination using EIS assessment. The impedimetric results show high sensitivity for TU sensing within 2.0–250 ppm.

  18. Using the Integral Fast Reactor (IFR) to dispose of excess weapons plutonium

    Hannum, W.H.; Wade, D.C.

    1997-01-01

    Plutonium is a man-made radioactive element with a long half-life. The only way to dispose of plutonium permanently is by causing it to fission. The fission process is efficient only in a fast neutron spectrum, and multiple recycle with a minimal loss is required to approach complete destruction. To be consistent with nonproliferation objectives, the process should be compatible with rigorous safeguards, and should not involve handling separated plutonium; The Integral Fast Reactor (IFR) meets all of these requirements. In addition, several near-term denaturing options are available that are fully compatible with complete destruction. When coupled with electrical generation, ample revenues would be available to cover all handling, operating and safeguards costs, with a substantial residual net return on the investment. (author)

  19. Progress and status of the Integral Fast Reactor (IFR) fuel cycle development

    Till, C.E.; Chang, Y.I.

    1993-01-01

    The Integral Fast Reactor (IFR) fuel cycle holds promise for substantial improvements in economics, diversion-resistance, and waste management. This paper discusses technical features of the IFR fuel cycle, its technical progress, the development status, and the future plans and directions

  20. Progress and status of the Integral Fast Reactor (IFR) fuel cycle development

    Till, C.E.; Chang, Y.I.

    1991-01-01

    The Integral Fast Reactor (IFR) fuel cycle holds promise for substantial improvements in economics, diversion-resistance, and waste management. This paper discusses technical features of the IFR fuel cycle, its technical progress, the development status, and the future plans and directions. 10 refs

  1. VizieR Online Data Catalog: AGN in IFRS. VLBA observations (Herzog+, 2015)

    Herzog, A.; Middelberg, E.; Norris, R. P.; Spitler, L. R.; Deller, A. T.; Collier, J. D.; Parker, Q. A.

    2015-09-01

    We selected all IFRS from the catalogue from Collier et al. (2014MNRAS.439..545C, Cat. J/MNRAS/439/545) which were located within 1° of a VLBA calibrator. Out of the 1317 IFRS presented by Collier et al., 110 were found to provide a calibrator which fulfills the given conditions. (1 data file).

  2. You Say IFRS, I Say FASB…Let's Call the Whole Thing Off

    Tickell, Geoffrey; Rahman, Monsurur; Alexandre, Romain

    2013-01-01

    This paper discusses the noticeable nervousness of many US-based financial statement issuers in adopting IFRS. For contextual purposes, the paper provides an overview of the FASB/IFRS convergence so far and its probable future. A detailed review of convergence in accounting standards is explained through the respective standards for "Pensions…

  3. European Accounting Harmonisation: Consequences of IFRS Adoption on Trade in Goods and Foreign Direct Investments

    Laura Márquez-Ramos

    2011-01-01

    This paper focuses on the importance of accounting harmonisation in foreign activities at country level. The adoption of International Financial Reporting Standards (IFRS) is considered to reduce information costs among countries and, therefore, encourage international trade in goods and investment. The results provide evidence that benefits exist in terms of trade in goods and foreign direct investments (FDI) when IFRS are adopted.

  4. Progress and status of the Integral Fast Reactor (IFR) fuel cycle development

    Till, C.E.; Chang, Y.I.

    1991-01-01

    The Integral Fast Reactor (IFR) fuel cycle holds promise for substantial improvements in economics, diversion-resistance, and waste management. This paper discusses technical features of the IFR fuel cycle, its technical progress, the development status, and the future plans and directions. (author)

  5. Progress and status of the Integral Fast Reactor (IFR) fuel cycle development

    Till, C.E.; Chang, Y.I.

    1991-01-01

    The Integral Fast Reactor (IFR) fuel cycle holds promise for substantial improvements in economics, diversion-resistance, and waste management. This paper discusses technical features of the IFR fuel cycle, its technical progress, the development status, and the future plans and directions. 10 refs.

  6. Progress and status of the Integral Fast Reactor (IFR) fuel cycle development

    Till, C.E.; Chang, Y.I.

    1993-03-01

    The Integral Fast Reactor (IFR) fuel cycle holds promise for substantial improvements in economics, diversion-resistance, and waste management. This paper discusses technical features of the IFR fuel cycle, its technical progress, the development status, and the future plans and directions.

  7. Progress and status of the Integral Fast Reactor (IFR) fuel cycle development

    Till, C.E.; Chang, Y.I.

    1993-01-01

    The Integral Fast Reactor (IFR) fuel cycle holds promise for substantial improvements in economics, diversion-resistance, and waste management. This paper discusses technical features of the IFR fuel cycle, its technical progress, the development status, and the future plans and directions.

  8. Forced Adoption of IFRS by Czech Non-Listed Companies: An Assessment of Benefits and Costs

    David Procházka

    2016-04-01

    Full Text Available The paper deals with the effects of IFRS adoption by a specific group of companies. It focuses on the so-called forced IFRS adopters, which are such private (non-listed companies that (a are forced to adopt the IFRS (because their parent prepares IFRS consolidated statements and simultaneously (b are not permitted by the regulatory framework of a given jurisdiction to apply the IFRS in their individual financial statements on a  voluntary basis. In particular, benefits and costs connected with the forced IFRS adoption by Czech private companies are assessed. The results, based on a  questionnaire survey among affected companies, confirm the intuitive presumption that accounting treatment of certain items significantly differs between Czech GAAP and IFRS, which requires the use of advanced methods for the conversion of financial statements. Regardless of which conversion method is used, perceptions of both benefits and appropriateness of incurred costs vary across entities. The benefit-to-cost ratio for the two most commonly used conversion methods (spreadsheets and dual accounting software is comparable, as the first method generates fewer benefits for lower costs and the second method is connected with more benefits, but at higher costs. Finally, the survey reveals that actual costs of IFRS adoption are higher than the expected costs regardless of the conversion method applied.

  9. How do preparers perceive costs and benefits of IFRS for SMEs? Empirical evidence from the Netherlands

    Litjens, R.; Bissessur, S.; Langendijk, H.; Vergoossen, R.

    2012-01-01

    This paper examines how preparers perceive the association between costs and benefits of International Financial Reporting Standard for Small and Medium-sized Entities (IFRS for SMEs). Extant research on costs and benefits associated with IFRS for SMEs is inconclusive. Our results suggest that

  10. How do preparers perceive costs and benefits of IFRS for SMEs? : Empirical evidence from the Netherlands

    Litjens, H.J.R. (Robin); Langendijk, H.P.A.J.; Bissessar, A.M.; Vergoossen, R.G.A.

    2012-01-01

    This paper examines how preparers perceive the association between costs and benefits of International Financial Reporting Standard for Small and Medium-sized Entities (IFRS for SMEs). Extant research on costs and benefits associated with IFRS for SMEs is inconclusive. Our results suggest that

  11. IMPLEMENTATION OF IFRS IN UKRAINE AS AN INCENTIVE FOR BUSINESS DEVELOPMENT

    O. Kirey

    2014-09-01

    Full Text Available The article is concerned with generalization of domestic experience to apply the International Financial Reporting Standards (IFRS, particularly, influence of new accounting practice on national business attractiveness in the domestic and international capital markets, condition of information and methodological support of micro- and macroeconomic management. The main hindrances to implement IFRS principles in domestic business environment are determined.

  12. Bright Pharmaceuticals SE: Accounting for a Business Combination under IFRS 3

    Detzen, D.; Hoffmann, S.; Zulch, H.

    2013-01-01

    This instructional resource familiarizes students with the accounting for business combinations under IFRS 3 and illustrates the uncertainty and professional judgment involved in asset valuation and consolidation. First, students need to assess the quality of information generated under IFRS 3 and

  13. Contaminated nickel scrap processing

    Compere, A.L.; Griffith, W.L.; Hayden, H.W.; Johnson, J.S. Jr.; Wilson, D.F.

    1994-12-01

    The DOE will soon choose between treating contaminated nickel scrap as a legacy waste and developing high-volume nickel decontamination processes. In addition to reducing the volume of legacy wastes, a decontamination process could make 200,000 tons of this strategic metal available for domestic use. Contaminants in DOE nickel scrap include 234 Th, 234 Pa, 137 Cs, 239 Pu (trace), 60 Co, U, 99 Tc, and 237 Np (trace). This report reviews several industrial-scale processes -- electrorefining, electrowinning, vapormetallurgy, and leaching -- used for the purification of nickel. Conventional nickel electrolysis processes are particularly attractive because they use side-stream purification of process solutions to improve the purity of nickel metal. Additionally, nickel purification by electrolysis is effective in a variety of electrolyte systems, including sulfate, chloride, and nitrate. Conventional electrorefining processes typically use a mixed electrolyte which includes sulfate, chloride, and borate. The use of an electrorefining or electrowinning system for scrap nickel recovery could be combined effectively with a variety of processes, including cementation, solvent extraction, ion exchange, complex-formation, and surface sorption, developed for uranium and transuranic purification. Selected processes were reviewed and evaluated for use in nickel side-stream purification. 80 refs

  14. Contaminated nickel scrap processing

    Compere, A.L.; Griffith, W.L.; Hayden, H.W.; Johnson, J.S. Jr.; Wilson, D.F.

    1994-12-01

    The DOE will soon choose between treating contaminated nickel scrap as a legacy waste and developing high-volume nickel decontamination processes. In addition to reducing the volume of legacy wastes, a decontamination process could make 200,000 tons of this strategic metal available for domestic use. Contaminants in DOE nickel scrap include {sup 234}Th, {sup 234}Pa, {sup 137}Cs, {sup 239}Pu (trace), {sup 60}Co, U, {sup 99}Tc, and {sup 237}Np (trace). This report reviews several industrial-scale processes -- electrorefining, electrowinning, vapormetallurgy, and leaching -- used for the purification of nickel. Conventional nickel electrolysis processes are particularly attractive because they use side-stream purification of process solutions to improve the purity of nickel metal. Additionally, nickel purification by electrolysis is effective in a variety of electrolyte systems, including sulfate, chloride, and nitrate. Conventional electrorefining processes typically use a mixed electrolyte which includes sulfate, chloride, and borate. The use of an electrorefining or electrowinning system for scrap nickel recovery could be combined effectively with a variety of processes, including cementation, solvent extraction, ion exchange, complex-formation, and surface sorption, developed for uranium and transuranic purification. Selected processes were reviewed and evaluated for use in nickel side-stream purification. 80 refs.

  15. SEBUAH KESENJANGAN IMPLEMENTASI INTERNATIONAL FINANCIAL REPORTING STANDARS (IFRS, ANTARA TEORI, PRAKTIK DAN RISET PADA PERGURUAN TINGGI

    Saifhul Anuar Syahdan

    2017-05-01

    Full Text Available Development of accounting theory is a way of theory, practice and research. Three aspects of the accounting development is an integrated whole, which would form a logical reasoning embodied in engineering financial reporting to become a Conceptual Framework. In practical terms, the adoption of IFRS is not an option for Indonesia, but must, in the hope, foreign investment will continue to enter or even increased and we are not isolated in the international arena. Nobes ( 2010 in his book states that, the International Accounting Standards have an important role in developing countries. Adoption of IFRS is the cheapest way for these countries than setting its own standards. Since January 1 st, 2012, Indonesia has adopted IFRS, there is a gap or imbalance between academics accounting practices and understanding regarding the implementation of IFRS in Indonesia. It should be encouraged readiness for accountants, auditors, management, Tax Officials, and regulators and academics to begin adjusting to the provisions of IFRS

  16. EBR-2 [Experimental Breeder Reactor-2], IFR [Integral Fast Reactor] prototype testing programs

    Lehto, W.K.; Sackett, J.I.; Lindsay, R.W.; Planchon, H.P.; Lambert, J.D.B.

    1990-01-01

    The Experimental Breeder Reactor-2 (EBR-2) is a sodium cooled power reactor supplying about 20 MWe to the Idaho National Engineering Laboratory (INEL) grid and, in addition, is the key component in the development of the Integral Fast Reactor (IFR). EBR-2's testing capability is extensive and has seen four major phases: (1) demonstration of LMFBR power plant feasibility, (2) irradiation testing for fuel and material development. (3) testing the off-normal performance of fuel and plant systems and (4) operation as the IFR prototype, developing and demonstrating the IFR technology associated with fuel and plant design. Specific programs being carried out in support of the IFR include advanced fuels and materials development and component testing. This paper discusses EBR-2 as the IFR prototype and the associated testing programs. 29 refs

  17. Výkaz zisku a ztráty - srovnání IFRS a ČÚS/Income Statement - Comparison IFRS and CAS

    Stejskalová, Lenka

    2012-01-01

    This thesis aim is to describe the sameness and difference on the income statement that occurs between the Czech accounting legislation and IFRS. It deals with the structure income statement and description of each part of the statement. In the first part there is information about the financial statements. Second and third part deals with the income statement according to IFRS and CAS. In the fourth part is the summary the previous two parts. This part sets out the main differences. The fina...

  18. Development and Optimization of Voltammetric Methods for Real Time Analysis of Electrorefiner Salt with High Concentrations of Actinides and Fission Products

    Simpson, Michael F.; Phongikaroon, Supathorn; Zhang, Jinsuo

    2018-03-30

    This project addresses the problem of achieving accurate material control and accountability (MC&A) around pyroprocessing electrorefiner systems. Spent nuclear fuel pyroprocessing poses a unique challenge with respect to reprocessing technology in that the fuel is never fully dissolved in the process fluid. In this case, the process fluid is molten, anhydrous LiCl-KCl salt. Therefore, there is no traditional input accountability tank. However, electrorefiners (ER) accumulate very large quantities of fissile nuclear material (including plutonium) and should be well safeguarded in a commercial facility. Idaho National Laboratory (INL) currently operates a pyroprocessing facility for treatment of spent fuel from Experimental Breeder Reactor-II with two such ER systems. INL implements MC&A via a mass tracking model in combination with periodic sampling of the salt and other materials followed by destructive analysis. This approach is projected to be insufficient to meet international safeguards timeliness requirements. A real time or near real time monitoring method is, thus, direly needed to support commercialization of pyroprocessing. A variety of approaches to achieving real time monitoring for ER salt have been proposed and studied to date—including a potentiometric actinide sensor for concentration measurements, a double bubbler for salt depth and density measurements, and laser induced breakdown spectroscopy (LIBS) for concentration measurements. While each of these methods shows some promise, each also involves substantial technical complexity that may ultimately limit their implementation. Yet another alternative is voltammetry—a very simple method in theory that has previously been tested for this application to a limited extent. The equipment for a voltammetry system consists of off-the-shelf components (three electrodes and a potentiostat), which results in substantial benefits relative to cost and robustness. Based on prior knowledge of electrochemical

  19. Bankruptcy Risk in IFRS Era. Case Study on BSE Companies

    Valentin BURCA

    2013-12-01

    Full Text Available The path of international accounting convergence is, unanimously accepted by all decision makers of the international financial reporting environment, as being the best solution towards reducing differences in international accounting. The idea of core standards is embraced by our country, too, the proof being the last legislative changes in Romanian accounting framework. This study aims to highlight a small part of the economic consequences of the decision to extend the mandatory use of IFRS standards to the statutory financial statements, also. More exactly we will underline the changes registered at the level of bankruptcy risk measureson a samples of companies listed on BSE.

  20. L’impact de l’IFRS 8 sur le coût des capitaux propres

    Lenormand , Gaëlle; Touchais , Lionel

    2017-01-01

    International audience; This article measures the impact of IFRS 8 on the informational content of segment data. With a sample of French groups, we find a reduction of the cost of equity for firms changing the number of segments with IFRS 8. In this situation, IFRS 8 improves the usefulness of information to the shareholders thanks to a change in segmentation. This result confirms the IASB's expectation and conclusion about IFRS 8.; L'article vise à mesurer l'impact de l'IFRS 8 sur le contenu...

  1. The Role and Current Status of IFRS in the Completion of National Accounting Rules – Evidence from Denmark

    Thinggaard, Frank

    2017-01-01

    I analyse the influence of IFRS on the Danish accounting regulation based on the EU Accounting Directive. In Denmark, the EU Accounting Directive is brought into force through the Danish Financial Statements Act. The analysis shows that the provisions in the Act are aligned with the IFRS to a great...... extent. It also shows that the Danish legislators extensively refer to IFRS and that they consider the IFRS to be the source to use for completing the national rules. I additionally show that the enforcers of the Danish Financial Statements Act look to the IFRS for guidance when they interpret...

  2. Hedge accounting under IFRS 9: an analysis of reforms

    Jatinder Pal Singh

    2017-02-01

    Full Text Available Pronouncements of regulatory bodies on ‘hedge accounting’ are aimed at ensuring that impact of price changes of hedging relationships are accounted for concurrently. However, it sometimes happens that certain provisions of these standards result in the reporting of enhanced earnings volatility being attributed to hedging relationships which is not economically justified. It is often perceived to be the case by stakeholders that the provisions of IAS 39 on ‘hedge accounting’ do not appropriately reflect and are not aligned with the risk management strategies of entities that attempt to mitigate risk using various hedging relationships. This occasionally results in a reporting entity adopting either a suboptimal hedging strategy that gives it eligibility to account for it using ‘hedge accounting’ or vice versa. Thus entities may be faced with the tradeoff between the benefits of risk mitigation strategies and the benefits derived from adopting ‘hedge accounting’. This motivated the IASB to initiate action for the complete reformulation of the standard on ‘hedge accounting’. The revised standard was pronounced in November 2013 as IFRS 9. In this article, we attempt to evaluate the upgradations introduced by IFRS 9 over its predecessor, IAS 39, with particular reference to the reporting of risk management strategies of affected entities.

  3. Pyro processing technology at KAERI

    Lee, Hansoo; Kim, Eungho; Park, Seongwon

    2008-01-01

    KAERI has studied on the pyro processing as a spent fuel treatment method for more than decade. The process includes voloxidation, electroreduction, electrorefining with solid and liquid cathodes, and waste salt treatment. Each process has developed its own characteristics which are suitable for treating high mass flow. In the electroreduction process, a magnesia filter was used for integrated electrolytic reduction. More than 99% of reduction yield was achieved. Electrorefining process employs the continuous operation concept. Uranium deposits on the surface of graphite cathode and it is stripped off spontaneously to the bottom of the reactor, which allows continuous operation. Crystallization method was used for treating waste salt. Pure salt is recovered by Czochralski method or zone freezing method and subsequently recycled to the reactor. These advanced technologies ensure the operation of pyro processing in a larger scale

  4. Literature survey on metal waste form for metallic waste from electrorefiners for the electrometallurgical treatment of spent metallic fuels

    Nishimura, Tomohiro

    2003-01-01

    This report summarizes the recent results of the metal waste form development activities at the Argonne National Laboratory in the USA for high-level radioactive metallic waste (stainless-steel (SS) cladding hulls, zirconium (Zr), noble-metal fission products (NMFPs), etc.) from electrorefiners for the electrometallurgical treatment of spent metallic fuels. Their main results are as follows: (1) SS- 15 wt.% Zr- ∼4 wt.% NMFPs alloy was selected as the metal waste form, (2) metallurgical data, properties, long-term corrosion data, etc. of the alloy have been collected, (3) 10-kg ingots have been produced in hot tests and a 60-kg production machine is under development. The following research should be made to show the feasibility of the metal waste form in Japan: (1) degradation assessment of the metal waste form in Japanese geological repository environments, and (2) clarification of the maximum allowable contents of NMFPs. (author)

  5. Overexpression of Soybean Isoflavone Reductase (GmIFR) Enhances Resistance to Phytophthora sojae in Soybean.

    Cheng, Qun; Li, Ninghui; Dong, Lidong; Zhang, Dayong; Fan, Sujie; Jiang, Liangyu; Wang, Xin; Xu, Pengfei; Zhang, Shuzhen

    2015-01-01

    Isoflavone reductase (IFR) is an enzyme involved in the biosynthetic pathway of isoflavonoid phytoalexin in plants. IFRs are unique to the plant kingdom and are considered to have crucial roles in plant response to various biotic and abiotic environmental stresses. Here, we report the characterization of a novel member of the soybean isoflavone reductase gene family GmIFR. Overexpression of GmIFR transgenic soybean exhibited enhanced resistance to Phytophthora sojae. Following stress treatments, GmIFR was significantly induced by P. sojae, ethephon (ET), abscisic acid (placeCityABA), salicylic acid (SA). It is located in the cytoplasm when transiently expressed in soybean protoplasts. The daidzein levels reduced greatly for the seeds of transgenic plants, while the relative content of glyceollins in transgenic plants was significantly higher than that of non-transgenic plants. Furthermore, we found that the relative expression levels of reactive oxygen species (ROS) of transgenic soybean plants were significantly lower than those of non-transgenic plants after incubation with P. sojae, suggesting an important role of GmIFR might function as an antioxidant to reduce ROS in soybean. The enzyme activity assay suggested that GmIFR has isoflavone reductase activity.

  6. THE IMPACT OF IFRS ADOPTION ON EARNINGS MANAGEMENT IN BANKING COMPANIES IN INDONESIA STOCK EXCHANGE

    Prima Santy

    2016-12-01

    Full Text Available The issue of the IFRSadoption as a standard that can lead to a reduction of earnings management. The research aimed to give empirical evidence concerning the impact of the IFRS adoption on earnings management, and the test of the difference level of earnings management between before and after the IFRS adoption. The research scope focused on the implementation of IFRS adoption particularly in PSAK No. 50 and PSAK No. 55 (revised 2006 concerningfinancial instruments. The research objects were the banking companies listed in Indonesia Stock Exchange for 4 years (2008-2011, i.e. as many as 23 banks. Samples were taken by using the purposive sampling technique. The main variables in this research are IFRS and earnings management,and includes several control variable, among others are, size, financial leverage, market to book value and institutional investors. The data were analyzed usingmultiple regression analysis and different t-test analysis. The research result indicates that the IFRS adoption has not effect the decreaseon the earnings management.Among the four control variables, the variable institutional investor is found not to have theeffect on earnings management, whereas the other three variables haveeffect.The result of the different t-test analysis also indicates that statistically there is not significant difference on the level of the earnings management between before and after IFRS adoption. Thus, based on this study concluded that the adoption of IFRS still allow for the occurrence of earnings management.

  7. Flexible plutonium management with IFR technology

    Hannum, W.H.; Lineberry, M.J.

    1993-01-01

    From the earliest days of the development of peaceful nuclear power, it has been recognized that efficient utilization of nuclear fuel resources requires a closed fuel cycle (recycle). With a closed cycle, essentially all the energy content of mined uranium can be used, whereas a once-through light water reactor (LWR) cycle uses only ∼0.5%. Since weapons programs have used the PUREX process to extract plutonium, it has further been assumed that this is the appropriate technology for closing the uranium fuel cycle. In the United States, these assumptions were put into question by concerns over commerce in separated plutonium and the threat of diversion of this material for weapons use

  8. PERCEPTIONS OF PROFESSIONAL ACCOUNTANTS ON THE COSTS AND BENEFITS OF IMPLEMENTING IAS/IFRS IN ROMANIA

    ANDREEA PAULA DUMITRU

    2014-11-01

    Full Text Available This study aims to investigate the perceptions of professional accountants on the costs, benefits and implications of applying IFRS in Romania. The main results show that the benefits of implementing IFRS is ensuring greater transparency and comparability of financial information. In terms of costs, most respondents felt that the main costs is related to staff training, this being one of the factors that have caused difficulties in implementing IFRS. Regarding the quality of financial information after the adoption of standards, we conclude that it will improve considerably.

  9. The Effect of IFRS Convergence and the Proportion of Woman in Audit Committee on Earning Management

    Siswanti Dwi Surti

    2017-01-01

    Full Text Available This study aims to find empirical evidence the effect of IFRS convergence and the proportion of woman in audit committee on earning management. Respondents used in this study were companies listed in Jakarta Stock Exchange for the year 2011 until 2013. Using moderated regression analysis this study supports the hypothesis that IFRS convergence and the proportion of woman in audit committee have negative effect on earning management. This finding implies that IFRS convergence and the proportion of woman in audit committee will increase the quality of financial reporting.

  10. Audit Fees and IAS/IFRS Adoption: Evidence from the Banking Industry

    Perotti, Pietro; Cameran, Mara

    2014-01-01

    The adoption of International Accounting Standards/International Financial Reporting Standards (IAS/IFRS) has two opposite effects on audit fees: on the one hand, greater effort is required from auditors, which is likely to be reflected by higher fees; on the other hand, if IAS/IFRS improve the quality of financial reporting, expected liability costs could decrease and lower fees may be demanded. We consider a large sample of Italian banks and we examine the effect of IAS/IFRS adoption on aud...

  11. Prezentace dlouhodobých hmotných aktiv v účetních závěrkách dle IFRS / US GAAP

    Karľa, Tomáš

    2010-01-01

    Purpose of this work is to describe long-termed tangible assets in compliance with IFRS and U.S. GAAP and compare their individual elements using financial statements of The Coca-Cola Company and Coca-Cola HBC. Part of this work will focus on ongoing convergent process. Specifity of agriculture (IAS 41) is not an object of this work.

  12. Empirical Analysis of Retirement Pension and IFRS Adoption Effects on Accounting Information: Glance at IT Industry

    JeongYeon Kim

    2014-01-01

    Full Text Available This study reviews new pension accounting with K-IFRS and provides empirical changes in liability for retirement allowances with adoption of K-IFRS. It will help to understand the effect of pension accounting on individual firm’s financial report and the importance of public announcement of actuarial assumptions. Firms that adopted K-IFRS had various changes in retirement liability compared to the previous financial report not based on K-IFRS. Their actuarial assumptions for pension accounting should be announced, but only few of them were published. Data analysis shows that the small differences of the actuarial assumption may result in a big change of retirement related liability. Firms within IT industry also have similar behaviors, which means that additional financial regulations for pension accounting are recommended.

  13. Empirical analysis of retirement pension and IFRS adoption effects on accounting information: glance at IT industry.

    Kim, JeongYeon

    2014-01-01

    This study reviews new pension accounting with K-IFRS and provides empirical changes in liability for retirement allowances with adoption of K-IFRS. It will help to understand the effect of pension accounting on individual firm's financial report and the importance of public announcement of actuarial assumptions. Firms that adopted K-IFRS had various changes in retirement liability compared to the previous financial report not based on K-IFRS. Their actuarial assumptions for pension accounting should be announced, but only few of them were published. Data analysis shows that the small differences of the actuarial assumption may result in a big change of retirement related liability. Firms within IT industry also have similar behaviors, which means that additional financial regulations for pension accounting are recommended.

  14. A Barrel IFR Instrumented With Limited Streamer Tubes for BABAR Experiment

    Andreotti, M.; Ferrara U.; INFN, Ferrara

    2006-01-01

    The new barrel Instrumented Flux Return (IFR) of BABAR detector will be reported here. Limited Streamer Tubes (LSTs) have been chosen to replace the existing RPCs as active elements of the barrel IFR. The layout of the new detector will be discussed: in particular, a cell bigger than the standard one has been used to improve efficiency and reliability. The extruded profile is coated with a resistive layer of graphite having a typical surface resistivity between 0.2 and 0.4 MOhm/square. The tubes are assembled in modules and installed in 12 active layers of each sextant of the IFR detector. R and D studies to choose the final design and Quality Control procedure adopted during the tube production will be briefly discussed. Finally the performances of installed LSTs into 2/3 of IFR after 8 months of operations will be reported

  15. Gulf of Mexico IFR Aeronautical Chart Index - Aeronautical Information Services Digital Products

    Department of Transportation — The IFR Enroute Aeronautical Chart series is designed to meet the needs of users who require a digital version chart. This is the visual index to the charts for the...

  16. The Effect of IFRS Adoption on the Financial Reports of Local Government Entities

    Kamran Ahmed

    2012-09-01

    Full Text Available This paper aims to analyse the changes in accounting surplus (loss, equity and assets, and liabilities as a result of accounting policy changes from the Australian Accounting Standards (AAS to the International Financial Reporting Standards (IFRS in Australian local government entities. Using the reconciliation notes disclosed by 117 local government entities, evidence is provided on the effects of IFRS adoption by identifying the key items that of difference between IFRS and AASB. The results show some differences between two sets of accounts prepared under these different accounting standards. While the average surplus (loss of local councils has decreased, their equities, assets and liabilities have increased, with no major significant changes in their overall financial position, except for liabilities. These results indicate the possible consequences of the adoption of IFRS by local government entities in other countries on performance indicators who have or are yet to implement these standards.

  17. IFRS 16 “Leases” – consequences on the financial statements and financial indicators

    Marian SACARIN

    2017-02-01

    Full Text Available In January 2016, the International Accounting Standards Board (IASB issued IFRS 16 “Leases”, which will replace the current standard IAS 17 “Leases”. IFRS 16, whose application is mandatory for annual periods beginning on or after January 2019, sets out new rules for the recognition and measurement of leases, leading to a change of value for the elements recognized in the financial statements, as well as for the financial indicators calculated based on these. The purpose of this article is to present, based on a comparative analysis of IFRS 16 and IAS 17, the main consequences that the application of IFRS 16 will arise, in respect of the financial statements and the financial indicators determined based on the information provided by these.

  18. Studi Kajian: Konvergensi IFRS, PSAK, Undang-Undang Perpajakan dan Dampaknya terhadap Aset Tetap

    Dewi Pudji Rahayu

    2016-12-01

    Full Text Available The Revised Statement of Financial Accounting Standard for Property, Plant, and Equipment (PSAK 16 has been fully adopted from International Accounting Standard 16 on January 2008. Development of national standards that harmonize PSAK and IFRS have some advantages in the aspects of costs reduction in preparing financial statements. This research was based on literature review of several studies. The objectives of this research are to explore general difference among IFRS, PSAK, and tax regulatory particularly on Property, Plant and Equipment using cost methode (depreciation and revaluation simulations, and Indonesia readiness to fully adopt IFRS in ASEAN region. The result of this research showed that using cost method and revaluation for simulation had no significant difference toward tax expense paid by tax payers due to this difference would be eliminated by deffered tax for next month. Indonesia should revise tax regulatory and adopt IFRS in it because this can make internasional  investors analize Financial Report easily.

  19. A Country Specific Approach To IFRS Accounting Policy Choice In The European, Australian And Turkish Context

    Nalan Akdogan

    2015-02-01

    Full Text Available IAS 8 defines the concept of accounting policy as "the specific principles, bases, conventions, rules and practices applied by an entity in preparing and presenting financial statements". Within the framework of this concept, this research that is derived from International Financial Reporting Standards (IFRS contributes to the accounting literature by focusing on the alternative accounting policies' debate related to presentation and recognition issues in the European, Australian and Turkish context and concludes that there is an influence of local accounting policies over IFRS practice in Turkey and this influence still exists in Europe and Australia. This shows that as long as diversity in accounting policies of IFRS is present, entities are expected to be inclined to select their local accounting policies by leading to comparability of financial statements within the country rather than between countries in the IFRS context.

  20. International Financial Reporting Standard’s (IFRS Adoption in Ghana: Rationale, Benefits and Challenges

    Adwoa Acheampomaa Boateng

    2014-10-01

    Full Text Available The International Financial Reporting Standards (IFRS was adopted by Ghana in 2007. The study assessed eighteen (18 professional accountants from listed firms on the Ghana Stock Exchange (GSE, to measure the benefits and challenges of IFRS. The study revealed that IFRS improved the access of local companies to international markets. It was also observed that the local firms gained more credibility, transparency, acceptance and consolidation following its adoption. However, most respondents believed that decreasing information cost, competitive leading edge, and integration of accounting Information Technology system were not major benefits as proposed by literature. Nonetheless, some of these local companies after the migration faced challenges like coping with the sophistication of the new standard, lack of qualified personnel, and additional operational cost. Nevertheless, most of the respondents disagreed with the proposition that IFRS had a negative impact on their firms’ balance of retained earnings.

  1. The Impact of Financial Reporting Enforcement and IFRS Adoption on Executive Compensation

    Banghøj, Jesper; Marton, Jan; Plenborg, Thomas

    This study examines whether both IFRS adoption and the level of financial reporting enforcement impact the contractual usefulness of financial statements, as reflected in payperformance sensitivity. Using a sample of 8,440 executive year observations from 522 firms in 16 European countries we find....... This suggests that the impact of enforcement on pay‐performance sensitivity vanishes after the implementation of IFRS. These results indicate that IFRS dominate enforcement when it comes to the contractual usefulness of financial statements. The findings should be of interest to both enforcement authorities...... that when earnings are based on local GAAP, the payperformance sensitivity is positive and significant only when the level of enforcement is high. When earnings are based on IFRS, we find that the pay‐performance sensitivity is (equally) positive and significant across different levels of enforcement...

  2. NASA/FAA experiments concerning helicopter IFR airworthiness criteria

    Lebacqz, J. V.

    1983-01-01

    A sequence of ground and flight simulation experiments was conducted as part of a joint NASA/FAA program to investigate helicopter instrument flight rules (IFR) airworthiness criteria. The first six of these experiments are described and the results summarized. Five of the experiments were conducted on large amplitude motion base simulators; V/STOLAND UH-1H variable stability helicopter was used in the flight experiment. Airworthiness implications of selected variables that were investigated across all of the experiments are discussed, including the level of longitudinal static stability, the type of stability and control augmentation, the addition of flight director displays, and the type of instrument approach task. Among the specific results reviewed are the adequacy of neutral longitudinal statics for dual pilot approaches and the requirement for pitch and roll attitude stabilization in the stability and control augmentation system to achieve flying qualities evaluated as satisfactory.

  3. Design of an intelligent materials data base for the IFR

    Mikaili, R.; Lambert, J.D.B.; Orth, T.D.

    1992-01-01

    In the development of the integral fast reactor (IFR) concept, there is a consensus that materials considerations are an important part of the reactor design, operation, and maintenance and that materials performance is central to liquid-metal reactor reliability and safety. In the design of the IRF materials data base, artificial intelligence techniques are being used to ensure efficient control of information. Intelligent control will provide for the selection of menus to be displayed, efficient data-base searches, and application-dependent guidance through the data base. The development of the IRF data base has progressed to the point of (a) completing the design of the data-base architecture and tables, (b) installing computer hardware for storing large amounts of data, (c) outlining strategies for data transferal, and (d) identifying ways to validate and secure the integrity of data

  4. THE IAS/IFRS STANDARDS SYSTEM BETWEEN HARMONIZATION AND DEFORMITY

    Mates Dorel

    2010-12-01

    Full Text Available The development of competition, the globalization and the growth and integration of the capital markets require comparable accounting information based on superior- quality standards, an accounting information to consolidate and not to obstruct the global efficiency of the market .The obligatory adoption of the current IAS/IFRS norms for the creation of the financial statements of the European companies- and especially of the listed ones- are a necessary step for the full integration of the financial markets of EU member state. The 4th and 7th CE directives contributed to the harmonization of the base accounting information of the stock companies, determining a general improvement of the European accounting norms quality, and this due to the greater comparability of the companies account, which eased the activity of the trans-border companies.

  5. Emissions Trading Schemes under IFRS - Towards a “true and fair view”

    Haupt, Madlen; Ismer, Roland

    2011-01-01

    This research paper seeks to contribute to the latest discussions on the financial reporting for emissions trading schemes. It starts out by giving an overview of the International Financial Reporting Standards (IFRS) accounting policies, which are currently applied by the majority of participants in the EU Emissions Trading Scheme. It then argues that in order to fulfil the aims of financial reporting under IFRS, namely to provide a true and fair view, accounting must depict CO2 as a cost of...

  6. The Impact of IFRS 16 on the Companies’ Key Performance Indicators: Limits, Advantages and Drawbacks

    Alin Eliodor Tanase; Traian Ovidiu Calota; Florin Razvan Oncioiu

    2018-01-01

    t This article focuses on the impact of the new standard IFRS 16 Leases on the companies’ key performance indicators. The magnitude of this impact could be said to change depending on the usage density of the lease in the companies and also depending on the sector they are in. The results show that future transactions may be influenced by IFRS 16 such as sale and leaseback, acquisitions and mergers, and lease vs. buying.

  7. The value relevance of R & D reporting in the UK after IFRS mandatory implementation

    Tsoligkas, F.; Tsalavoutas, I.

    2011-01-01

    Following IFRS mandatory adoption in 2005, the criteria determining the accounting treatment of R&D expenditure have changed for UK listed companies that publish consolidated financial statements. Therefore, recent literature raises concerns about the value relevance of R&D assets and expenses in the UK, after 2005. Using very recent data, we respond to these calls for research. Adding to the absence of prior evidence regarding the pre-IFRS period, we find that the capitalised portion...

  8. HAVE WE REALLY BEEN USING THE INTERNATIONAL FINANCIAL REPORTING STANDARDS (IFRS) SINCE 2005? CASE OF TURKEY

    Cagle, Melissa N.; Balsarı, Çağnur; Dalkılıç, Fatih

    2015-01-01

    Starting from the year 2002, the Turkish national regulatory agency hasundertaken an extensive role in the convergence efforts towards IFRS. In order tosupport the transition, the Turkish Capital Markets Board (TCMB) implementedseveralversionsof IFRS,regulatory practices and compliance requirements- allover the course of 15 years. The first effort undertaken in the road to IFRStransition was the issuance of Series XI, No: 25 by the T...

  9. The Interrelation among Faithful Representation (Reliability), Corruption and IFRS Adoption: An Empirical Investigation

    Alexios Kythreotis

    2015-01-01

    Purpose – The degree of corruption, among other things, indicates the non -implementation of laws, weak enforcement of legal sanctions and the existence of non-transparent economic transactions. Therefore, the expected change in reliability (faithful-representation) resulting from the adoption of IAS/IFRS, does not depend solely on the adoption of IAS/IFRS but is also influenced by the degree of corruption in each country. The purpose of this paper is to examine whether the above statement is...

  10. Vykazování dlouhodobého hmotného majetku podle IFRS

    Hromádková, Zuzana

    2007-01-01

    This work is focused od Tangible Current Assests according to the IFRS with the emphasis on IAS 16 - Property, Plant and Equipment. It involves recognition, measurement, depreciation and also disclosure of this Assests. All the parts are described at great lenght and explained by practical examples. IAS 40 - Investment Property and IFRS 5 - Non-Current Assests Held for Sale and Discontinued Operations are also mentioned. The end of the work is devoted to research of 15 companies with the aim ...

  11. IFRS 4 - pojistné smlouvy II.fáze

    Stejskalová, Martina

    2010-01-01

    Thesis deals with harmonization of financial reporting in the area of insurance contracts. IFRS 4 phase I adjusts reporting of insurance contracts, defines a term insurance contract, bans generating catastrophe provisions or equalisation provisions, show a new view at reporting of insurance contract with discretionary participation feature and at reporting embedded derivates.IFRS 4 phase II solves complex reporting of insurance contracts. The aim is to achieve "real" measurement of liabilitie...

  12. Fair Value Measurement under IFRS 13: A Faithful Representation of Real-World Economic Phenomena?

    Palea Vera; Maino Renato

    2012-01-01

    In this paper, we discuss IFRS 13 with regard to private equity valuation We raise issues on the fair value definition as an exit price and question the reliability of valuation techniques which are categorized into Level 2 fair value hierarchy. Our paper questions whether fair value as defined by IFRS 13 is an appropriate measure for private equities and can contribute to enhancing transparency and comparability in financial statements, which is one of the purposes of the IASB and the Europe...

  13. Kandungan Prinsip Konservatisme dalam Standar Akuntansi Keuangan Berbasis IFRS (International Financial Reporting Standard)

    Ahmad Juanda

    2012-01-01

    Kandungan Prinsip Konservatisme DalamStandar Akuntansi Keuangan Berbasis IFRS(International Financial Reporting Standard)Ahmad JuandaStaf Pengajar Jurusan Akutansi, Fakultas Ekonomi dan BisnisUniversitas Muhammadiyah This study aims to reveal the content of the principle of conservatism contained in financial accounting standards (GAAP) results of the convergence of International Financial Reporting Standards (IFRS). The use of the principle of conservatism still...

  14. Layering of IFRS and Dual Institutionality of Accounting Standards in Belarus

    Alexander, David; Alon, Anna

    2017-01-01

    Submitted version of an article published in the journal Accounting in Europe. There is an ongoing debate about the applicability and efficacy of International Financial Reporting Standards (IFRS) adoption in countries with diverse institutional infrastructures. We examine financial reporting in Belarus and factors that are shaping its development. In Belarus, IFRS has been adopted through layering where it is an additional requirement to the existing reporting specified by the national ac...

  15. US ADOPTION OF IFRS MAY HELP TO JUMPSTART THE US ECONOMY

    Anne B. Fosbre; Ellen M. Kraft,; Paul B. Fosbre,

    2011-01-01

    The United States prompt adoption of International Financial Reporting Standards (IFRS) may help to jumpstart the US economy. Investors would be able to make comparisons and evaluate investment opportunities worldwide. US Multinational companies would be able to cut costs. In preparation of financial statements using IFRS the results presented usually portray higher figures. This would help to present more favorable valuations and help to promote growth with improved financial reporting. The ...

  16. Accounting standards and investor perception of earnings quality: IAS/IFRS vs. German Gaap

    Ferrari Mascia; Momentè Francesco; Reggiani Francesco

    2011-01-01

    We analyze the earnings quality under the IAS/IFRS and German GAAP by evaluating the earnings management degree in IAS and HGB adopters and by investigating what is the level of uncertainty (reliability) that investors perceive from the earnings announced. Our results show that IAS and HGB adopters do not present any significant differences in earnings management, if we examine the working capital accruals, while IAS/IFRS sub-sample is less engaged in earnings management, considering the tota...

  17. The Interrelation among Faithful Representation (Reliability), Corruption and IFRS Adoption: An Empirical Investigation

    Alexios Kythreotis

    2015-01-01

    Purpose – The degree of corruption, among other things, indicates the non -implementation of laws, weak enforcement of legal sanctions and the existence of non-transparent economic transactions. Therefore, the expected change in reliability (faithful-representation) resulting from the adoption of IAS/IFRS, does not depend solely on the adoption of IAS/IFRS but is also influenced by the degree of corruption in each country. The purpose of this paper is to examine w...

  18. DER NEUE STANDARD IFRS 15 - IASB UND FASB VERABSCHIEDEN EINEN WEITGEHEND EINHEITLICHEN STANDARD ZUR UMSATZREALISIERUNG

    Bodo Runzheimer

    2015-01-01

    The international accounting regulations regarding sales revenues have been changed. In May 2014, the International Accounting Standards Board (IASB) and the US regulator, the Financial Accounting Standards Board (FASB), published together new revenue recording regulations, which will be applied in IFRS (International Financial Reporting Standards) as well as in US-GAAP (United States Generally Accepted Accounting Principles). The core principle of the new IFRS 15 is that an entity will recog...

  19. PENERAPAN IFRS DAN HUBUNGANNYA DENGAN KOMPARABILITAS PENGUNGKAPAN ASET TETAP PADA LAPORAN KEUANGAN PERUSAHAAN

    Ardian Setianto; Agung Juliarto

    2014-01-01

    The objective of this research is to analyze the implementation of IFRS and its relationship with the disclosure comparability of fixed assets or now called PPE (Property, Plant, and Equipment) in the financial statements. The variables used in this study is the application of IFRS which focused on disclosure comparability of PPE. This research is based on previous research conducted by Vergauwe and Gaeremynck (2013). The sample of this research was manufacturing company which ...

  20. The Effect of IFRS, Information Asymmetry and Corporate Governance on the Quality of Accounting Information

    Hui-Sung, Kao; Tzu-Han Wei

    2014-01-01

    This paper investigates the relationship between the information asymmetry, the ownership structure, the pledge of directors-supervisor, respectively, and the quality of accounting information under different accounting standards. By considering A and B stock market of China, which apply China GAAP and IFRS, we discuss whether IFRS can reduce negative effects of the information asymmetry, the ownership structure, the pledge of directors, and furthermore promote the quality of accounting infor...

  1. IAS/IFRS and Financial Reporting Quality: Lessons from the European Experience.

    Palea, Vera

    2013-01-01

    This paper discusses the effects of the adoption of IAS/IFRS in Europe on the quality of financial reporting. In doing so, it adopts the perspective of stock market investors and focuses on value-relevance research. The adoption of IAS/IFRS in Europe is an example of accounting standardization among countries with different institutional frameworks and enforcement rules. This allows investigating whether, and to what extent, accounting regulation per se can affect the quality of financial rep...

  2. GAAP VS. IFRS TREATMENT OF LEASES AND THE IMPACT ON FINANCIAL RATIOS

    Peter Harris; William Stahlin; Liz Washington Arnold; Katherine Kinkela

    2013-01-01

    As of January 1, 2011, most of the world financial market economies are using International Reporting Standards (IFRS) as the required framework for financial statements. A non-comprehensive listing includes the European Union Countries, Canada, Australia and New Zealand. In the United States, US Generally Accepted Accounting Principles (GAAP) is still required but adoption of IFRS has support of many accounting firms and professional organizations and is under consideration by the SEC. This ...

  3. The Impact of IFRS 16 on the Companies’ Key Performance Indicators: Limits, Advantages and Drawbacks

    Alin Eliodor Tanase

    2018-03-01

    Full Text Available t This article focuses on the impact of the new standard IFRS 16 Leases on the companies’ key performance indicators. The magnitude of this impact could be said to change depending on the usage density of the lease in the companies and also depending on the sector they are in. The results show that future transactions may be influenced by IFRS 16 such as sale and leaseback, acquisitions and mergers, and lease vs. buying.

  4. IFRS: Kokbok eller principer : -en studie om utvecklingen av jämförbarhet mellan företags koncernredovisning i enlighet med IFRS

    Kristoffers, Linda; Sjökvist, Camilla

    2008-01-01

    Sedan år 2005 är noterade företag skyldiga att följa internationella redovisningsstandarder, IFRS. IFRS är ett principbaserat system vilket medför att standarderna tillämpas olika. Därmed försvåras jämförbarheten mellan företags koncernredovisning. Jämförbarhet är en av de kvalitativa egenskaper som redovisningen bör uppfylla enligt IASB, organisationen som tar fram IFRS. Syftet med den här uppsatsen är att utreda vilka förväntningar redovisningsexperter har på utvecklingen av jämförbarheten ...

  5. An empirical examination of factors contributing to the adoption of IFRS in developing countries

    Aria Farah Mita

    2015-12-01

    Full Text Available This research aims to analyze factors that influence the likelihood of IFRS adoption in developing countries. Research that focuses on the IFRS adoption in developing countries is limited. Developing countries are supposed to get many benefits from the adoption of IFRS as it is a cheap shortcut to improve the quality of financial reporting to attract foreign capital and to finance its development. In addition to macroeconomic factors, this research also examines the influence of institutional factors and the development of local accounting standards. Using the binomial logit regression, the result shows that the regulatory quality of a country positively af-fects the possibility of IFRS adoption in developing countries. It means that the better quality of the regulator in those countries, the higher possibility to fully adopt the IFRS. Furthermore, there is a tendency that the countries will fully adopt the IFRS when they already have local accounting standards that previously referred to international standards. The results imply that the IASB strategy should focus more on cooperation with local regulators or groups of regional cooperation to reach its objective to develop single set of high quality international standard.

  6. A literature review on the impact of IAS/IFRS and regulations on quality of financial reporting

    Wadesango Newman

    2016-10-01

    Full Text Available The International Accounting Standards Board (IASB in its objectives and preamble, presume that IFRS adoption and perceived compliance to regulatory framework is associated with increased financial reporting quality. Based on these assumptions, this desktop study reviewed several documents to determine whether the IFRS adoption has led to increased financial reporting quality in Zimbabwe. The researchers reviewed literature on how the IAS/IFRS and regulations affect the financial reporting quality of listed companies. The factors around IFRS adoption were identified (mandatory, voluntary and convergence and discussed in relation to the financial reporting quality. Evidence from previous studies conducted in line with this same issue shows that there is no conclusive evidence on how IFRS and regulations affect the financial reporting quality. Issues to be addressed in further studies include the importance of financial statements prepared under IFRS framework and the importance of compliance with accounting and auditing requirements

  7. Perceived Costs and Benefits of IFRS Adoption of Cross-Border Mergers: A Statistical Analysis of Indian and Chinese Companies

    Ibrahim Mert

    2014-01-01

    The purpose of this quantitative study was to examine the links between IFRS adoption status, mergers tempo, and perception of IFRS costs and benefits among Indian and Chinese companies. As more capital accrues in India and China, more cross-border mergers activity initiated from these countries should be expected. This paper is trying to extant a research to observe the results related the adaption of IFRS in India and China. During the analyses around 2 authors‘ books were related to this p...

  8. Standards to prevent, detect, and respond to sexual abuse and sexual harassment involving unaccompanied children. Interim final rule (IFR).

    2014-12-24

    This IFR proposes standards and procedures to prevent, detect, and respond to sexual abuse and sexual harassment involving unaccompanied children (UCs) in ORR's care provider facilities. DATES: This IFR is effective on December 24, 2014. ORR care provider facilities must be in compliance with this IFR by June 24, 2015 but encourages care provider facilities to be in compliance sooner, if possible. HHS will work with facilities to implement and enforce the standards contained in this rule. Comments on this IFR must be received on or before February 23, 2015.

  9. Heterogeneity in earnings quality between different classes of companies after IFRS adoption: evidence from Brazil

    Roberto Black

    Full Text Available ABSTRACT This paper aims to investigate the existence of heterogeneity in earnings quality between different classes of companies after the adoption of the International Financial Reporting Standards (IFRS. IFRS adoption is generally associated with an increase in the quality of financial statements. However, companies within the same country are likely to have different economic incentives regarding the disclosure of information. Thus, treating companies equally, without considering the related economic incentives, could contaminate earnings quality investigations. The case of Brazil is analyzed, which is a country classified as code-law, in which tax laws determined accounting practice and in which IFRS adoption is mandatory. First, Brazilian companies listed on the São Paulo Stock, Commodities, and Futures Exchange (BM&FBOVESPA were separated into two classes: companies issuing American Depositary Receipts (ADRs before IFRS adoption and companies that did not issue ADRs until the adoption of IFRS. Then, this second class of companies was grouped, using cluster analysis, into two different subclasses according to economic incentives. Based on the groups identified, the quality of accounting earnings is tested for each class of the companies before and after IFRS adoption. This paper uses timely recognition of economic events, value relevance of net income, and earnings management as proxies for the quality of accounting earnings. The results indicate that a particular class of companies began showing conditional conservatism, value relevance of net income, and lower earnings management after IFRS adoption. On the other hand, these results were not found for the two other classes of companies.

  10. EVALUATION OF THE CHARACTERISTICS OF GOODWILL IN IFRS

    Kiss Agota

    2014-07-01

    Full Text Available Assessment is one of the most debated areas in accountancy, since the choice of valuation procedures, methods directly influence an entity’s financial situation, alterations and performance. The applications of International Financial Reporting Standards are mandatory for quoted companies in the EU since 2005. In my study/paper I deal with a specifically treated area of accountancy, the regulation of goodwill’sevaluationin the IFRS system. Since this area is jointly regulated by several standards, my goal is to provide a comprehensive view of standards regarding the evaluation of goodwill, their consistency paying particular attention to the hypothetical approaches and evaluation philosophy of IAS 36 Impairment of Assets standard. Since goodwill acquired in a business combination does not represent independent cash flow from other asset and group of asset, therefore its valuation requires specific accounting treatment. Standards determine the concept, the criteria for recognizing, the rules applied in initial measurement of goodwill, and later the limits of the impairment to be recognised derived from the subsequent period’sprice reduction of the goodwill and the related tax effects. My thesis detailsa specific set of concepts, which is connected to the determination of thegoodwill’s value. Itincludesthe concepts of cash generating unit, recoverable amount, value in use and fair value less costs to sell. I give full details about impairment test, as a particular evaluation procedure, I introduce the internal and external source of information, which show evidence that the asset may be impaired, I also consider deferred tax effects resulted from the evaluation of goodwill and the identification of effects influencing the performance of the entity. Subsequently, I introduce the specific regulation of the goodwill’s evaluation with the help of corporate examples. Having analysed the IFRS reportsof three multinational companies, with

  11. REVENUE FROM CONTRACTS WITH CUSTOMERS: KEY ASPECTS IN THE LIGHT OF IFRS 15

    Lilia GRIGOROI

    2017-04-01

    Full Text Available The present paper suggests discussing and debating the main elements that should be considered in connection with the adoption and application of the new International Financial Reporting Standard IFRS 15 “Revenue from Contracts with Customers”. Some changes, as well as opportunities are worthwhile, and it is beneficial to identify them and to analyze how to apply and capitalize on them for better quality of financial reporting. The present paper is, on the one hand, a fundamental research aiming at the acquisition of new knowledge and the development of the theory in this area of accounting and, on the other hand, an applied research as it is designed to analyse new theories and find solutions and practical applications, thus contributing to the improvement of accounting and financial reporting of revenues with a direct impact on the process of substantiation of decisions. The results of the research can be used in the development and improvement of both the relevant regulations regarding the accounting and financial reporting of revenues, and in the practical activities of legal entities, as well as in the educational process in educational institutions.

  12. Research Project on the Design for the Optimum Disclosure System Volume 4: Reinforcing audit quality through considering implications of evolving nature of IFRS (Japanese)

    IGARASHI Norio; URASAKI Naohiro; MACHIDA Yoshihiro

    2011-01-01

    In Japan, the consolidated financial statements that are prepared in accordance with IFRS are permitted for those public companies that voluntarily apply IFRS from the fiscal year ending March 31, 2010. The issue of compulsory application to IFRS by public companies, as defined in the law, is to be judged and decided in 2012. Major characteristics of IFRS, among other things, are principles-based standards requiring the exercise of judgment of accounting standards and minimum application guid...

  13. Konvergence IFRS a US GAAP v oblasti vykazování výnosů

    Schaffer, Jakub

    2015-01-01

    This diploma thesis deals with impacts of implementation of the new standard IFRS 15 which is result of part of the project convergence between IFRS and US GAAP. The theoretical part describes current standards which deal with revenues recognition under IFRS and US GAAP and compares them. The practical part describes the new standard IFRS 15. In the practical part there is an identification of changes in comparison with current standards and presented impact which will affect specific sectors.

  14. IMPLICATIONS OF THE APPLICATION OF IFRS FOR SMES IN ROMANIA ON TAXABLE AND DISTRIBUTABLE PROFIT

    Girbina Madalina

    2011-12-01

    Full Text Available On 9 July 2009, the International Accounting Standards Board (IASB issued the International Financial Reporting Standard for Small and Medium Sized Entities (IFRS for SMEs which aims to provide a financial reporting framework for SMEs falling within its scope. It is a matter for authorities in each jurisdiction to decide which entities are permitted or required to apply IFRS for SMEs. Because of the connection between accounting and taxation certain european countries had a reluctant position related to the application of IFRS for SMEs. Opponents focused on the incompatibility between IFRS for SMEs framework and the principles commonly accepted for tax purposes. As the individual financial statements drown up in compliance with IFRS for SMEs will serve for profit distribution under the 2nd European Directive the question arises weather the profits determined under these accounting rules can be considered as realized for distribution purposes. In order to mitigate the mismatch between accounting and distributable profits, Member States will need to reconsider the circumstances in which gains and losses arising from re-measurement at fair value through profit and loss should be considered as realized. In this scenario, two important questions arise: What are the potential tax effects of the application of IFRS for SMEs? Is the profit determined under IFRS for SMEs available for distribution or some adjustments are necessary? The paper addresses these issues in the context of the Romanian accounting and taxation systems. Romania represents a relevant case study, as it is one of the European countries with a close linkage between financial and tax, where the fiscal profit is dependent on the accounting profit (currently determined under domestic regulations. The methodology consists in a comparative analysis of the recognition and measurement rules between national accounting regulations and IFRS for SMEs in order to identify the differences with

  15. IFRS Mandatory Adoption Effect on the Information Asymmetry: Immediate or Delayed?

    Hela Turki

    2017-03-01

    Full Text Available Abstract The purpose of this paper is to examine the relationship between the mandatory adoption of IFRS/IAS and the information content of earnings in the European Union. More accurately, this study aims to determine if the effect of IFRS adoption on the level of information asymmetry, apprehended by the cost of capital and the financial analysts’ forecasts, is immediate or delayed. Based on a longitudinal study, we find evidence that for the two first years of adoption, international standards reduces significantly the cost of capital and the dispersion of the financial analysts’ forecasts. Furthermore, the magnitude of this effect increases with increasing the number of years after IFRS adoption. The findings further show that the effect of IFRS adoption on financial analysts’ errors is not immediate and that the errors decrease from the third year following the date of the first adoption. Overall, the findings of this study highlight the importance of adopting IFRS in the reduction of information asymmetry.

  16. In what ways are countries which have already adopted IFRS for SMEs different

    Hana Bohušová

    2012-01-01

    Full Text Available Small and medium sized companies have an important position in the economy, mainly in the area of employment. SMEs are crucial to most developed and developing economies. SMEs are a heterogeneous group, possessing different size, sector, or location. Their activities on the international markets are limited by a great deal of obstacles in comparison to large enterprises. Different national financial reporting and tax systems can be considered as the most important obstacles (European Commission, 2003. The International Accounting Standards Board (IASB published an International Financial Reporting Standard (IFRS designed for use by small and medium-sized entities on July, the 9th 2009. The IFRS for SME is designed to meet the financial reporting needs of entities that (a do not have public accountability and (b publish general purpose financial statements for external users. The aim of the paper is to evaluate the current approach to the IFRS for SME adoption and implementation over the world, and to analyze the problems connected with harmonization of financial reporting legislation used by SMEs all over the world. In the paper are identified common characteristic of countries which have already the IFRS for SME adopted. The statistical methods were used for comparison of countries which have already the IFRS for SMEs adopted with those which have not adopted it yet. The level of economic development of the particular country and other characteristics were used for comparison.

  17. The Acquisition and Valuation of Goodwill: a Comparison of the Regulations of Albania and the IFRS

    Mustafa ÜÇ

    2016-07-01

    Full Text Available This study examines whether there are differences in accounting of goodwill among IFRS, SKK (Albanian Accounting Standards which it is an adoption of IFRS and Albanian tax regulations. The study first presents general theory of intangible assets. This is followed by an elaborate explanation of goodwill which includes a deeper discussion about estimation and valuation and accounting treatment of goodwill. The accounting treatment of goodwill regarding to IFRS and local regulations is analyzed by a real case of purchased goodwill of Albtelecom Sh.A, a telecommunication company which provides fix telephony and internet service. The results of the case study indicate differences between IFRS and Albanian tax legislation in accounting treatment of goodwill, while between IFRS 3 and SKK 9 there is not any difference. According to both standards, goodwill is recognized by purchase method and it is subject to annual impairment test. However, instruction "On Income Tax" requires that, intangible assets such as purchased goodwill, amortized at a rate to allow for the fiscal effect of 15% which is applied on historical costs which may be added the costs of upgrading and renewal of the assets.

  18. A critical analysis of the contents of the IFRS for SMEs - a South African perspective

    Daniel Petrus Schutte

    2011-06-01

    Full Text Available The International Financial Reporting Standards (IFRS for Small and Medium Enterprises (SMEs was developed to address the reporting needs of SMEs worldwide. Furthermore, SMEs from different parts of the world are exposed to different conditions and environments. Although the IFRS for SMEs was not intended for a specific user group,the majority of the respondents to the Exposure Draft on IFRS for SMEs were from Europe and other developed countries while only limited respondents from Africa and developing countries were involved.  This study considered the relevance of the contents of the IFRS for SMEs in the South African environment based on user requirements. Since SMEs do not necessarily have functional accounting departments and because they rely on external accountants to compile financial statements, we included accounting practitioners and trainee accountants from the SME sector in our survey. As a result we classified the contents of the IFRS for SMEs, from a South African perspective, into different levels of importance or relevance.

  19. Pengaruh Tingkat Adopsi IFRS dan Proteksi Investor terhadap Persistensi Laba: Analisis Lintas Negara Emerging Markets

    Ikrima Shobriati

    2016-12-01

    Full Text Available Abstract. The purpose of this study is to provide empirical evidence about the effect of IFRS adoption and investor protection on earnings persistence. Based on prior studies, there are some problems that existed in the accounting practices in emerging markets such as less an accountant who have good qualifications, incomplete accounting information or inaccuracy of time in preparing financial statements, the lack of accounting data that are used for internal management incentives, the lack of legislation, auditing standards and procedure of accounting standards and this issues will can affect the quality of accounting information that reported in financial statements. So this view initiate to investigate extensively about the effect of institutional factors on earnigs persistence.This study uses panel data with 12.903 firm-year observations in emerging markets evidence from 2011 to 2013. To measure IFRS adoption uses score based on three distinctions of the type from IFRS adoption in respective countries. And then for dependent variable in this study is earnings persistence. While for the investor protection uses strength of investor protection index proxy from World Bank.The findings imply that in the context of emerging markets, IFRS adoption is not associated with future earnings persistence. While a stronger investor protection in the country significantly correlated with greater earnings persistence. Keywords: IFRS adoption, investor protection, earnings persistence, emerging markets, properties of earnings

  20. PENGARUH PEMBELAJARAN AKUNTANSI BERBASIS SAK IFRS DAN SELF-EFFICACY TERHADAP KESIAPAN MAHASISWA MENJADI GURU AKUNTANSI

    Raeni Raeni

    2013-06-01

    Full Text Available The research was inspired by students’ readiness to be Accounting teachers with the rapid progress of science and technology and also free-market for workers. The objective of the study was to test the influence of Accounting learning based on SAK IFRS and self-efficacy toward students’ readiness to be Accounting teachers. The population of the research were Accounting education students in classess of 2010 until 2012. Thus, it used proportionate stratified random sampling. The respondents were 85 students in class 2010, 123 students in class 2011 and 154 students in class 2012. Then, the data were analyzed by percentage descriptive and doubled linear regression. The result of regression analysis showed that 1 Accounting learning based on SAK IFRS and self-efficacy contibuted positively and significantly for 52.4% toward students’ readiness to be Accounting students, 2 there was a positive and significant influence of Accounting learning based on SAK IFRS for 26.2% toward students’ readiness to be Accounting teachers, 3 there was a positive and significant influence of self-efficacy for 16.32% toward students’ readiness to be Accounting teachers. The familiarity level for learning Accounting based on SAK IFRS was high with the progress of science and technology and also full adoption from IFRS.

  1. PENGARUH PEMBELAJARAN AKUNTANSI BERBASIS SAK IFRS DAN SELF-EFFICACY TERHADAP KESIAPAN MAHASISWA MENJADI GURU AKUNTANSI

    Raeni Raeni

    2016-01-01

    Full Text Available The research was inspired by students’ readiness to be Accounting teachers with the rapid progress of science and technology and also free-market for workers. The objective of the study was to test the influence of Accounting learning based on SAK IFRS and self-efficacy toward students’ readiness to be Accounting teachers. The population of the research were Accounting education students in classess of 2010 until 2012. Thus, it used proportionate stratified random sampling. The respondents were 85 students in class 2010, 123 students in class 2011 and 154 students in class 2012. Then, the data were analyzed by percentage descriptive and doubled linear regression. The result of regression analysis showed that 1 Accounting learning based on SAK IFRS and self-efficacy contibuted positively and significantly for 52.4% toward students’ readiness to be Accounting students, 2 there was a positive and significant influence of Accounting learning based on SAK IFRS for 26.2% toward students’ readiness to be Accounting teachers, 3 there was a positive and significant influence of self-efficacy for 16.32% toward students’ readiness to be Accounting teachers. The familiarity level for learning Accounting based on SAK IFRS was high with the progress of science and technology and also full adoption from IFRS.

  2. Mandatory adoption of IFRS in emerging markets: the case of Turkey

    Hüseyin Temiz

    2017-12-01

    Full Text Available European-listed companies and many emerging countries have been required to present their consolidated financial statements in compliance with the International Financial Reporting Standards (IFRS since 2005. Having cross-border comparability and transparency with this uniform accounting system is expected to provide higher accounting quality and value relevance. Evaluation of financial performance in terms of value relevance of IFRS is not only vital for existing investors or stakeholders but also for those who want to invest at the international level. Thus, in this study, we examine the value relevance of earnings and book value of equity on share prices through using Ohlson (1995 valuation model. While 2001 to 2004 is conducted as the pre-IFRS period, 2005-2008 is a post-IFRS period to display the change in value relevance in the same number of years. Our sample includes only nonfinancial firms that operate on BIST index. Since financial firms are subject to different regulations, we exclude them from the sample. The results show that the accounting information produced under IFRS is more value relevant. We test the value relevance with both cross-sectional and pooled regression for the periods. In addition, we use panel data analysis (survival analysis to validate the increase in value relevance between the periods. We also test the firm size and earnings announcement effect on value relevance for robustness.

  3. Ifrs Versus Cz Gaap: Influence of Construction Contracts on Financial Indicators

    Havlová Kristýna

    2015-12-01

    Full Text Available In 2009, 117 countries all over the world allowed to prepare financial statements according to International Financial Reporting Standards (IFRS including the Czech Republic. Between Czech General Accepted Accounting Principles (CZ GAAP and IFRS are some differences involving reporting of noncurrent fixed assets, leasing, construction contracts etc. Using different accounting procedure we can get different value of assets and assets are one component that is used to calculate the financial performance indicators. Those indicators are then used by investors to assess the financial performance of companies and the application of IFRS instead of CZ GAAP can lead to distinct presentation of enterprise performance. In this paper we examine the influence of construction contract reporting using IFRS and CZ GAAP on financial indicators. IFRS leads to more stable development during the period when the project is in progress. In the last year when the project is finished the figures of both ratios (ROA and Z-score are getting worse which is due to the lower percentage of the construction that is built in this year.

  4. IMPACT OF GLOBAL ADOPTION OF IFRS ON NIGERIAN STOCK MARKET EFFECTIVENESSNESS

    Dick Oluku Mukoro

    2012-05-01

    Full Text Available International Financial Reporting Standard (IFRS is a statement of intent to globalize financial standards so as to enable investors move capital and as such enshrine global competitiveness. Nigeria’s case to attract investment through the capital market can be advanced effectively if financial reporting is standardized and adopted. As an impact study, we employed adaptive expectation variant of the autoregressive model and multiple regression technique to study the prospect of Compliance with IFRS and how the Nigerian quoted companies faired in compliance with Nigerian Accounting Standards and its correlation with reporting incentives, idiosyncratic volatilities and stock price informativeness; which more or less indicates their preparedness for global adoption of IFRS in 2012.It is recommended that stiff penalties are required to prepare Nigerian financial environment for the global adoption of IFRS.A clear road map of adoption of IFRS will further drive the much needed foreign investment in-flow and help to brand Nigeria out of the corruption quagmire.

  5. PERBANDINGAN LAPORAN KEUANGAN (LAPORAN LABA RUGI SEBELUM DAN SESUDAH PENERAPAN IFRS SERTA PENGARUHNYA TERHADAP RETURN SAHAM PADA PERUSAHAAN MANUFAKTUR

    Desy Anggraeni

    2012-06-01

    Full Text Available Penelitian ini bertujuan untuk menganalisis ada atau tidaknya perbedaan laporan keuangan (laba/rugi sebelum dan sesudah penerapan IFRS, serta bagaimana pengaruhnya terhadap return saham setelah adanya perubahan standar akuntansi terbaru pada perusahaan manufaktur yang listing di BEI. Penelitian ini merupakan penelitian empiris dengan teknik purposive sampling dalam pengumpulan data. Sampel penelitian adalah perusahaan manufaktur yang listing di bursa efek Indonesia selama empat tahun berturut-turut yaitu 2008 sampai dengan 2010 yang berjumlah 8 perusahaan manufaktur. Teknik analisis data menggunakan Analisis regresi, yang terdiri dari model 1 antara laporan keuangan (laba/rugi sebelum penerapan IFRS terhadap return saham, model 2 antara laporan keuangan (laba/rugi sebelum penerapan IFRS terhadap return saham, dan model 3 mengenai ada tidaknya perbedaan laporan keuangan (laba/rugi sebelum dan sesudah penerapan IFRS. Hasil pengujian hipotesis menunjukkan bahwa dari tiga hipotesis yang diajukan terdapat satu hipotesis yang diterima. Hasil analisis menunjukkan bahwa laporan keuangan (laba/rugi sebelum dan sesudah penerapan IFRS tidak mempunyai pengaruh yang signifikan terhadap return saham, dan terdapat perbedaan antara variabel laporan keuangan (Laba/Rugi sebelum penerapan IFRS dan variabel laporan keuangan (Laba/Rugi sesudah penerapan IFRS sehingga jumlah laba yang dihasilkan menurun setelah adanya IFRS.

  6. The Mandatory Introduction of IFRS as a Single Accounting Standard in the European Union and the Effect on Earnings Management

    M.B.W. Lippens (Mark)

    2010-01-01

    textabstractExecutive summary In this study, it was investigated whether the mandatory adoption of IFRS from 1 January 2005 by all listed companies in the European Union led to significantly lower levels of earnings management. I found that, despite the stricter character of IFRS compared to

  7. What's the Rush? IFRS, the SEC, and the Pressure on Accounting Instructors to Teach Still More Financial Reporting Rules

    Cherry, Alan A.; Schwartz, Bill N.

    2013-01-01

    This paper addresses the problems facing accounting instructors in the U.S. as they struggle with pressure to incorporate IFRS into an already crowded financial accounting curriculum. To help instructors better understand the advantages and disadvantages of financial reporting under IFRS, we provide a critical analysis of arguments that have been…

  8. MANAJEMEN LABA AKRUAL DAN RIIL SEBELUM DAN SETELAH ADOPSI WAJIB IFRS DI UNI EROPA

    Yayu Putri Senjani

    2015-09-01

    Full Text Available This study aims to provide empirical evidence on earnings management practices in the Europe Union in three years before and after the mandatory IFRS adoption. Earning management practices what are observed is accrual earnings management (the level of discretionary accruals and real earnings management (abnormal cash flow from operation and abnormal production costs. Data is retrieved from OSIRIS database by using the purposive sampling method and was tested with paired sample t-test. The results showed empirically that there is no difference between accrual and real earnings management in the period before and after the mandatory IFRS adoption. Other results also showed that accruals and real earnings management are positively correlate for abnormal production costs after the mandatory IFRS adoptionDOI: 10.15408/etk.v12i1.1905

  9. IAS/IFRS and financial reporting quality: Lessons from the European experience

    Vera Palea

    2013-12-01

    Full Text Available This paper discusses the effects of the adoption of IAS/IFRS in Europe on the quality of financial reporting. In doing so, it adopts the perspective of stock market investors and focuses on value-relevance research. The adoption of IAS/IFRS in Europe is an example of accounting standardization among countries with different institutional frameworks and enforcement rules. This allows investigating whether, and to what extent, accounting regulation per se can affect the quality of financial reporting and leads to convergence in financial reporting. This is a key issue for standard setting purposes as IAS/IFRS have been adopted in very diverse countries all over the world, and many others are likely to adopt them in the near future.

  10. IFRS 8 Toimintasegmentit standardin ongelmia tilintarkastuksen näkökulmasta

    Lahti-Kala, Anniina

    2014-01-01

    Vuodesta 2009 lähtien listayhtiöiden soveltama IFRS 8 -standardi määrää, miten yhteisöjen on raportoitava toimintasegmenteistään. Segmenttiraportointi on tullut yhdeksi tärkeimmistä tilinpäätösraportoinnin osa-alueista, ja monet sijoitusanalyytikot pitävät segmentti-informaatiota hyödyllisimpänä tietona investointipäätöksiään varten. IFRS 8 -standardin soveltamisessa on kuitenkin havaittu lukuisia ongelmia, ja standardi oli vuosina 2012 2013 ensimmäisenä IFRS-standardina IASB:n käyttöönoton j...

  11. Pengaruh Mekanisme Corporate Governance Terhadap Tingkat Kepatuhan Mandatory Disclosure Konvergensi IFRS di Perbankan

    Sutiyok Sutiyok

    2016-03-01

    Full Text Available The purpose of this study is to analyze whether the mechanism of corporate governance has the influence on the level of mandatory disclosure with the IFRS convergence. The sample used in this study is the banking industry listed at Indonesian Stock Exchange in 2011-2012. Disclosure checklist from Bapepam LK is used to identify the mandatory disclosure items. The items are adjusted to GAAP applicable in Indonesia. The results of this study indicates that the total number of meetings of the Board of Commissioners and Board of Commissioners have significant effect on the level of the compliance of the mandatory disclosure convergence with IFRS. However, the number of audit committee have no influence on the level of mandatory disclosure compliance convergence IFRS.

  12. TECHNICAL ASPECTS COMPARING THE IFRS AND THE US GAAP CONCERNING FINANCIAL INVESTMENT COMPANIES

    Luminita Paiusan

    2014-11-01

    Full Text Available In the context of current interconnected capital markets, all the investors, regardless their country of origin would be provided with the improvement of the quality and comparability of financial information due to the high quality of some common standards of financial reporting. In order to achieve this, the two bodies, the FASB and the IASB, are working together to reduce the differences between the IFRS and the US GAAP. However, there are some problems observed by the US SIF managers, which fall under their area of work. They are divided in three groups: The lack of essential information expected by the American investors. For example, the IFRS does not impose the presentation of the investments made by an investment company; Different assessment bases for the financial actives and debts in the IFRS, which influences the main indicators for the investors; Presenting relevant information regarding the risks taken by investment funds and the analysis of proneness to these risks.

  13. DOES IFRS HAVE IMPACT ON EARNING’S QUALITY AND AUDIT FEE?

    Linda Kusumaning Wedari

    2017-08-01

    Full Text Available Abstract: Does IFRS have the impact on earning’s quality and audit fees? The purpose of this research is to provide empirical evidence regarding the impacts of IFRS’s adoption on earning’s quality and audit fee. This research used nonfinancial companies in Indonesia Stock Exchange in 2010-2014 before Asean Economic Community implementation in 2015. The data was collected by employing purposive sampling, which was then analysed by using panel regression method. The result showed that on one hand, the adoption of IFRS did not affect earning’s quality, while on the other hand, it is proven that earning’s quality affected audit fee for companies adopting IFRS. Therefore, companies in Indonesia should update with the progress of the international standard.

  14. The Interrelation among Faithful Representation (Reliability, Corruption and IFRS Adoption: An Empirical Investigation

    Alexios Kythreotis

    2015-08-01

    Full Text Available Purpose – The degree of corruption, among other things, indicates the non -implementation of laws, weak enforcement of legal sanctions and the existence of non-transparent economic transactions. Therefore, the expected change in reliability (faithful-representation resulting from the adoption of IAS/IFRS, does not depend solely on the adoption of IAS/IFRS but is also influenced by the degree of corruption in each country. The purpose of this paper is to examine whether the above statement is true. Design/methodology/approach – The data were taken from DataStream database and the sample period consists of listed companies of fifteen European countries that adopted IAS/IFRS mandatorily. The time horizon is 10 years, from 2000 until 2009. The period between 2000 and 2004 is defined as the period before the adoption, while the period between 2005 and 2009 is defined as the period after the adoption. The reliability/faithful representation of financial statements - as defined by the Conceptual Framework - is detected through regression analysis. Findings – The findings advocate that the adoption of IFRS/IAS seems to be not enough. It appears that the level of reliability of financial statements in every country does not depend solely on the adoption of IAS/IFRS but is also influenced by the degree of corruption in each country. Research limitations/implications – The models that are used for the measurement of reliability have as an independent variable the short-term accruals. Given that, the models fail to take into consideration accounting treatments that concern non-current assets/liabilities. Originality/value – The findings that are identified for counties with a high degree of corruption indicate a statistically significant reduction in reliability after the adoption of IAS/IFRS. These findings constitute a useful tool for the IASB and the European Commission as well as for the users of financial statements.

  15. IFRS STANDARDS AND THEIR POLITICAL ACCEPTANCE IN EUROPE AND UNITED STATES

    Marta Lapková

    2011-01-01

    Full Text Available The year 2005 marked the start of a new era in global conduct of business, and thefulfillment of a thirty-year effort to create the financial reporting rules for a worldwidecapital market. For during that year’s financial reporting cycle, as many as 7,000 listedcompanies in the 25 European Union member states, plus many others in countries such asAustralia, New Zealand, Russia, and South Africa were expected (in the EU, required toproduce annual financial statements in compliance with a single set of international rules—International Financial Reporting Standards (IFRS. Many other business entities, whilenot publicly held and not currently required to comply with IFRS, will also do so, eitherimmediately or over time, in order to conform to what is clearly becoming the newworldwide standard. Since there are about 15,000 SEC-registered companies in the USAthat prepare financial statements in accordance with US GAAP (plus countless nonpubliclyheld companies also reporting under GAAP, the vast majority of the world’s largebusinesses will now be reporting under one or the other of these two comprehensivesystems of accounting and financial reporting rules.Most other national GAAP standards have been reduced in importance or are being phasedout as nations all over the worlds are now embracing IFRS. For example, Canada hasannounced that Canadian GAAP (which was very similar to US GAAP will be eliminatedand replaced by IFRS by 2011. More immediately, China will require listed companies toemploy IFRS. It is quite predictable that only US GAAP will (for the foreseeable futureremain as a competitive force in the accounting standards arena, and even that situation willbe more a formality than a substantive reality, given the formal commitment (andsubstantial progress made to date to “converge” US GAAP and IFRS.

  16. Soon we will almost all use IFRS when preparing accounting information – but does that improve financial statements’ comparability?

    Schøler, Finn

    2013-01-01

    “version” of IFRS is at stake here? For our comparisons and analyses we carefully chose ROIC since this financial ratio is not biased by differences in the capital structure or size of the companies but serves as a well-defined and commonly used accounting operational profitability measure. RESULTS...... to prescribe some accounting practice such as references to the process or input part of producing accounting information when the alleged aim is to improve the comparability of the accounting information provided by the companies, i.e. the financial statements or the output part? DATA & METHODS From...... the global ORBIS-database, we selected all listed non-financial and non-insurance companies with a turnover in the last available financial year larger than 100 million USD, which left us with more than 18 thousand public accounts (companies) from 124 different countries from all over the world. Based...

  17. Fair Value in the light of IFRS 13 «Fair Value Measurement»

    V.V. Svitselska

    2015-01-01

    The main provisions of IFRS 13 «Fair Value Measurement» have been researched as well as its critical analysis has been conducted. Comparison of the previous and the new definition of the concept «fair value» has been done on the basis of what the shortcomings of the previous definition have been highlighted, the characteristic features and advantages of new definition from IFRS 13 «Fair Value Measurement» have been outlined. It has been proved that new interpretation of the concept of «fair v...

  18. A next-generation reactor concept: The Integral Fast Reactor (IFR)

    Chang, Y.I.

    1992-01-01

    The Integral Fast Reactor (IFR) is an advanced liquid metal reactor concept being developed at Argonne National Laboratory as reactor technology for the 21st century. It seeks to specifically exploit the inherent properties of liquid metal cooling and metallic fuel in a way that leads to substantial improvements in the characteristics of the complete reactor system, in particular passive safety and waste management. The IFR concept consists of four technical features: (1) liquid sodium cooling, (2) pool-type reactor configuration, (3) metallic fuel, and (4) fuel cycle closure based on pyroprocessing

  19. Exploratory analysis of the effectiveness of guarantee derivative instruments from IFRS

    Fernando Bravo Herrera

    2011-06-01

    Full Text Available This paper provides an exploration of major traded derivative instruments in Chile, the interest rate swaps, and most commonly used valuation methods, addressing financial risk management in the context of the International Financial Reporting Standards (IFRS. We analyze the requirements for adopting hedge accounting, particularly with regard to evidence of effectiveness, and discuss particular aspects of the Chilean case that companies must face the time to prove the validity of contracts and contract coverage. The study’s findings suggest that the local market still has problems of efficiency and availability of information to (i properly manage financial risks and (ii demonstrate the effectiveness of hedges under IFRS.

  20. A next-generation reactor concept: The Integral Fast Reactor (IFR)

    Chang, Y.I.

    1992-01-01

    The Integral Fast Reactor (IFR) is an advanced liquid metal reactor concept being developed at Argonne National Laboratory as reactor technology for the 21st century. It seeks to specifically exploit the inherent properties of liquid metal cooling and metallic fuel in a way that leads to substantial improvements in the characteristics of the complete reactor system, in particular passive safety and waste management. The IFR concept consists of four technical features: (1) liquid sodium cooling, (2) pool-type reactor configuration, (3) metallic fuel, and (4) fuel cycle closure based on pyroprocessing.

  1. A next-generation reactor concept: The Integral Fast Reactor (IFR)

    Chang, Y.I.

    1992-07-01

    The Integral Fast Reactor (IFR) is an advanced liquid metal reactor concept being developed at Argonne National Laboratory as reactor technology for the 21st century. It seeks to specifically exploit the inherent properties of liquid metal cooling and metallic fuel in a way that leads to substantial improvements in the characteristics of the complete reactor system, in particular passive safety and waste management. The IFR concept consists of four technical features: (1) liquid sodium cooling, (2) pool-type reactor configuration, (3) metallic fuel, and (4) fuel cycle closure based on pyroprocessing.

  2. IFRS-raportointi keskisuurten ja suurten listaamattomien yritysten näkökulmasta

    Honkanen, Kirsi

    2009-01-01

    Tutkimuksen tarkoituksena oli selvittää, miksi suomalaisten listaamattomien yritysten tulisi vapaaehtoisesti siirtyä IFRS-raportointiin ja miten kansainvälinen tilinpäätös vaikuttaa kyseisten yritysten tilinpäätösinformaatioon. EU:n alueella julkisesti noteerattujen yhtiöiden on pitänyt laatia konsernitilinpäätöksensä kansainvälisen IFRS-normiston (Inter-national Financial Reporting Standars) mukaisesti vuodesta 2005 lähtien. Myös muut kuin noteeratut yhtiöt voivat vapaaehtoisesti laatia tili...

  3. Aspetti tributari dei crediti d’impresa contabilizzati secondo gli Ias/Ifrs: prime riflessioni sistematiche

    A. CONTRINO

    2011-01-01

    1. La disciplina dei crediti d’impresa nei principi contabili internazionali. – 1.1. Costo ammortizzato, valore di presumibile realizzo e «perdite da valutazione». – 1.2. Derecognition, «realizzo» ai fini IAS/IFRS e «perdite da cancellazione». – 2. I nuovi termini di rilevanza fiscale dei crediti IAS/IFRS in forza del principio di derivazione «rafforzata». – 2.1. Sui confini dell’area di determinazione dell’imponibile riservata dall’art. 83 ai principi contabili internazionali. – 2.2. Il nuov...

  4. Basic design study on plutonium electro-refining facility of oxide fuel pyroelectrochemical reprocessing

    Ogura, Kenji; Kondo, Naruhito; Kamoshida, Hiroshi; Omori, Takashi

    2001-02-01

    The test facility basic design, utility necessity and estimation cost of the Oxide Fuel Pyro-process for the use of Chemical Processing Facility (CPF) of JNC have been studied with the information of the previous year concept study and the additional conditions. Drastic down sizing design change or the building reconstruction is necessary to place the Oxide Fuel Pyro-process Facility in the laboratory ''C'', because it is not possible to reserve enough maintenance space and the weight of the facility is over the acceptable limit of the building. A further study such as facility down sizing, apparatus detail design and experiment detail process treatment has to be planned. (author)

  5. Reporting of tangible fixed assets pursuant to the Czech accounting law and International Accounting Standards IAS/IFRS and US GAAP

    Patrik Svoboda

    2007-01-01

    The valuation of assets is a relatively challenging activity as well as a scientific discipline having an impact on the amount of the reported assets and economic result process. The report deals with the issue of valuation of the tangible fixed assets in the accounting entities compiling the financial statements pursuant to the Czech national legislation and in conformity with the requirements of the International Accounting Standards IAS/IFRS and US GAAP. The substantial differences in the ...

  6. Electrode processes during the electrorefiniment of lead in the KCl-PbCl2-PbO melt

    P. S. Pershin

    2015-03-01

    Full Text Available The influence of PbO addition on current efficiency during the electrorefinement of lead in the KCl-PbCl2-PbO melt was investigated. It was shown that with PbO concentration in the KCl-PbCl2 eqiumolar mixture increasing, the current efficiency of lead decreases. Electrode processes mechanism is proposed.

  7. Oceňování a vykazování nehmotných aktiv při akvizici v rozsahu IFRS

    Sagokon, Evgeniya

    2015-01-01

    This master thesis deals with specifics of valuation, recognition and reporting of intangible assets that were acquired as a business combination under IFRS. This thesis is also devoted to specifics of intangible assets which indicate importance and difficulty of its standardization in accounting. The aim of the master thesis is to combine valuation and accounting standards for intangible assets with emphasis on acquisition process. Practical part is here to show how definitely companies valu...

  8. Komparace účetní závěrky dle českých účetních standardů a IAS/IFRS.

    HANZLÍKOVÁ, Vendula

    2012-01-01

    The thesis is based on the following of my bachelor thesis, which deals with ,, Accounting shutter in the selection accounting entity.? Now the theme will be extended by the comparison process accounts in the selected entity according to Czech accounting legislation (CAL) and International Financial Reporting Standards (IFRS). In the practical part of the application will again be chosen by an entity of international trucking company KAFKA TRANSPORT, a. s. The main aim of my thesis is based o...

  9. IFRS adoption in Germany : perspectives and consequences : a case study of Deutsche Telekom AG

    Walz, Carinna Daniela

    2013-01-01

    Themandatoryadoption of the International Financi al ReportingStandards(IFRS)as basis for the preparationof consolidatedfinancialstatementsin 2005constituteda major change in accountingregulationsin Germany.Thisthesisfocuseson gaininga deeperunderstanding of the consequencesthis changehad on the financial reporting of Germancompanies.For this reason,the financial reporting basedon the previousGermanaccountingregulations (GermanGAAP)is comparedto the reporting under IFRSregulati...

  10. 14 CFR 135.165 - Communication and navigation equipment: Extended over-water or IFR operations.

    2010-01-01

    ... 14 Aeronautics and Space 3 2010-01-01 2010-01-01 false Communication and navigation equipment... PERSONS ON BOARD SUCH AIRCRAFT Aircraft and Equipment § 135.165 Communication and navigation equipment... aircraft used for IFR operations is equipped with at least— (i) One marker beacon receiver providing visual...

  11. Fair Value in the light of IFRS 13 «Fair Value Measurement»

    V.V. Svitselska

    2015-03-01

    Full Text Available The main provisions of IFRS 13 «Fair Value Measurement» have been researched as well as its critical analysis has been conducted. Comparison of the previous and the new definition of the concept «fair value» has been done on the basis of what the shortcomings of the previous definition have been highlighted, the characteristic features and advantages of new definition from IFRS 13 «Fair Value Measurement» have been outlined. It has been proved that new interpretation of the concept of «fair value» is narrower and more accurate than the previous, it clarifies the subject matter, subjects of transactions, as well as the date of its execution. The scheme of estimation at fair value as well as model of fair value determination according to IFRS 13 «Fair Value Measurement» has been presented. Methods of measurement at fair value and the fair value hierarchy have been researched. Some disadvantages of provisions of IFRS 13 «Fair Value Measurement» on the basis of its analysis have been highlighted, uncertainty is essential among them in which fair value should be applied.

  12. Effect of the Adoption of IFRS on the Information Relevance of Accounting Profits in Brazil

    Mateus Alexandre Costa dos Santos

    2014-12-01

    Full Text Available This study aimed to assess the effect of adopting the International Financial Reporting Standards (IFRS in Brazil on the information relevance of accounting profits of publicly traded companies. International studies have shown that the adoption of IFRS improves the quality of accounting information compared with domestic accounting standards. Concurrent evidence is sparse in Brazil. Information relevance is understood herein as a multidimensional attribute that is closely related to the quality and usefulness of the information conveyed by accounting profits. The associative capacity and information timeliness of accounting profits in relation to share prices were examined. Furthermore, the level of conditional conservatism present in accounting profits was also analyzed because according to Basu (1997, this aspect is related to timeliness. The study used pooled regressions and panel data models to analyze the quarterly accounting profits of 246 companies between the first quarter of 1999 and the first quarter of 2013, resulting in 9,558 quarter-company observations. The results indicated that the adoption of IFRS in Brazil (1 increased the associative capacity of accounting profits; (2 reduced information timeliness to non-significant levels; and (3 had no effect on conditional conservatism. The joint analysis of the empirical evidence from the present study conclusively precludes stating that the adoption of IFRS in Brazil contributed to an increase the information relevance of accounting profits of publicly traded companies.

  13. A Principles-Based Approach to Teaching International Financial Reporting Standards (IFRS)

    Persons, Obeua

    2014-01-01

    This article discusses the principles-based approach that emphasizes a "why" question by using the International Accounting Standards Board (IASB) "Conceptual Framework for Financial Reporting" to question and understand the basis for specific differences between IFRS and U.S. generally accepted accounting principles (U.S.…

  14. Empirical Investigation into the Determinants of Compliance with IFRS 7 Disclosure Requirements

    Atanasko Atanasovski

    2015-04-01

    Full Text Available The purpose of this paper is to assess the quality of disclosures related to financial instruments provided in annual financial statements of Macedonian listed companies and empirically investigate factors that have the potential to influence the quality of these disclosures in accordance with IFRS 7 requirements. Based on the postulates and the results of the empirical investigations of prior IAS compliance studies I have constructed a disclosure index for each listed company and performed regression analysis with independent variables representing some characteristics of listed companies investigated, such as their size, industry, type of auditor engaged, ownership concentration, profitability and leverage. My regression analysis results supported the conclusion that the level of compliance with IFRS 7 requirements is related to the type of auditor engaged and ownership concentration in investigated companies. The results of my research will contribute the large body of empirical studies on IFRS disclosure and compliance, providing evidence from South- East European Transitional Economy that adopted IFRS as national financial reporting framework.

  15. The integral fast reactor (IFR) concept: Physics of operation and safety

    Wade, D.C.; Chang, Y.I.

    1987-01-01

    The IFR concept employs a pool layout, a U/Pu/Zr metal alloy fuel and a closed fuel cycle based on pyrometallurgical reprocessing and injection casting refabrication. The reactor physics issues of designing for inherent safety and for a closed fissile self-sufficient integral fuel cycle with uranium startup and potential actinide transmutation are discussed

  16. State of the art of the KFUE and IfR radioactivity measurement systems

    Faleschini, H.; Mozer, W.

    1992-01-01

    A brief account is given of the KFUe and IfR measurement systems (Kernreaktor-FernUeberwachungssystem - nuclear reactor telemonitoring system/Immissionsmessnetz fuer Radioaktivitaet - radioactive-contamination monitoring system) operated by Bayerisches Landesamt fuer Umweltschutz (LfU). The corresponding measuring instruments and measuring points are described. (BBR) [de

  17. Specifics of IFRS Adoption by Central and Eastern European Countries: Evidence from Research

    Procházka David

    2017-03-01

    Full Text Available The paper reviews recent literature on the specifics of adoption of International Financial Reporting Standards (IFRS by the new EU members from the Central and Eastern Europe. Despite being members of the EU or OECD, the transition to a standard developed economy has not yet finished. The first part of the paper presents macroeconomic statistics and capital market data, which underline a unique economic structure of the region (relative unimportance of capital markets for raising capital, strong dependence on foreign direct investments combined with the lacks in institutional environment. Under such conditions, the economic consequences of IFRS adoption can be unpredictable and adverse. The second part of the paper analyses the reflection of specifics of the IFRS adoption in the CEE region in research studies covered by the Thomson Reuters’ Web of Science database. The analysis reveals (a cross-country disproportion in the research coverage of the area; (b relatively low coverage of the IFRS research focusing on these transition countries in top journals.

  18. The integral fast reactor (IFR) concept: physics of operation and safety

    Wade, D.C.; Chang, Y.I.

    1987-01-01

    The IFR concept employs a pool layout, a U/Pu/Zr metal alloy fuel and a closed fuel cycle based on pyrometallurgical reprocessing and injection casting refabrication. The reactor physics issues of designing for inherent safety and for a closed fissile self-sufficient integral fuel cycle with uranium startup and potential actinide transmutation are discussed

  19. The Impact of Applying the IFRS Accounting Rules on the Business Environment

    Diana Andreea Trăistaru

    2016-01-01

    A slow progress and repeated delays have helped IAS 39 remain relevant for a periodlonger than initially foreseen and this trend shall remain in place until IFRS 9 isimplemented. This shows the ever growing importance of the topics and approachesdiscussed in this study.

  20. Stock market synchronicity: an alternative approach to assessing the information impact of Australian IFRS

    Bissessur, S.; Hodgson, A.

    2012-01-01

    How has the mandatory adoption in 2005 of International Financial Reporting Standards in (IFRS) affected information flow for investors in Australia? This paper investigates impact by examining synchronicity issues. Morck et al. (2000) label the degree to which stock prices depend upon market and

  1. Factors Influencing Adoption of the International Financial Reporting Standards (IFRS) in Accounting Education

    Alzeban, Abdulaziz

    2016-01-01

    Purpose: This paper aims to explore the challenges faced by accounting educators in their attempts to incorporate IFRS materials in their teaching and explores the impact of various factors (instructor's attitude, size of accounting department, teaching load, type of institution, teaching experience and teaching materials) on the time spent on…

  2. De wijziging van IFRS inzake pensioenen en de invloed daarvan op de jaarrekening (2)

    Arnold, Coen; van Santen, Gerard

    2014-01-01

    The research and article are an update of the 2012 research and describes the impact of the IFRS changes in employee benefit accounting on the 2014 financial statements. Among others it analyses to which extent the simulated/expected impact of the changes in IAS 19 in 2012 turned out in the 2014

  3. The Economic Consequences of IFRS: The Impact of IAS 32 on Preference Shares in the Netherlands

    A. de Jong (Abe); M.A. Rosellón (Miguel); P. Verwijmeren (Patrick)

    2006-01-01

    textabstractThe consequences of international accounting standards are likely to reach beyond the impact on financial statements. This paper demonstrates one of the economic implications of international standards. We focus on the impact of the IFRS regulation on preference shares (IAS 32) in the

  4. De invloed van IFRS 16 leases op de jaarrekening van lessees

    Arnold, Coen; Tahtah, Jay

    2017-01-01

    The article describes the outcome of a research (simulation) to the impact of new lease accounting rules to the 2016 financial statements of companies of the AEX- and AMX-index. In deze bijdrage wordt verslag gedaan van de verwachte gevolgen van IFRS 16 Leases voor lessees op de jaarrekening over

  5. The Effect of the Mandatory Application of IFRS on the Value Relevance of Accounting Data: Some Evidence from Greece

    Karampinis N.; Hevas D.

    2009-01-01

    In this study we tested the effect of the mandatory adoption of IFRS upon the value relevance of earnings and book values using data from the Athens Stock Exchange that covered a period of two years before and two years after the mandatory adoption of IFRS. Greece is a code-law country with strong tax conformity, bank orientation and conservative accounting rules which have a negative effect on the value relevance of financial statements. As IFRS adoption promotes fair value accounting and we...

  6. Perception of Preparers and Auditors on New Revenue Recognition Standard (IFRS 15: Evidence From Egypt

    Amr M. Khamis

    2016-10-01

    Full Text Available In May 2014, the International Accounting Standards Board (IASB and the Financial Accounting Standards Board (FASB issued long-awaited converged standard on revenue recognition, IFRS 15 and ASU 2014-09 (Topic 606 Revenue from Contracts with Customers, that sets out the principles for when revenue should be recognized and how it should be measured, together with related disclosures and will replace the all current revenue standards in IFRS and US.GAAP. Although the actual implementation is still in the future, now is the time for all preparers, auditors and users of financial statement to understanding of the new recognition and disclosure requirements and prepare to implement them, because the new provisions of IFRS 15 will impact in all entities in all industries, but the extent of the impact can vary significantly. This paper test the perception of Egyptian preparers and auditors on IFRS 15, we focus on the level of familiarity, standard clarity and ease of application across different business sectors in Egypt. The final sample of the study consisted of 31 auditors and 34 preparers (which consist of chief accountants, account executives and etc., a majority of the participants (88.3% were from local accounting firms or Listed companies operating in various business sectors. Both the auditors and preparers are experienced accountants with mean years of experience of 7.6 and 8.56 years respectively. We find that generally Egyptian accountants and auditors surveyed are still not ready to adopt and did not have sufficient knowledge about IFRS15, as well as, they afraid of the new revenue recognition requirement (which increased discretion and professional judgment in revenue recognition and its potential impact on different industries.

  7. Pengaruh Adopsi IFRS, Pemberian Informasi Nilai Wajar, dan Pengungkapan Jasa Penilai Terhadap Asimetri Informasi Pada Emiten di Indonesia [Impact of IFRS Adoption, Fair Value Information, and Disclosure of Appraiser Services on the Information Asymmetry of Firms in Indonesia

    Felisia Novita Sari; Dedhy Sulistiawan; Aurelia Carina Sutanto

    2015-01-01

    This study evaluates the impact of IFRS adoption, fair value information of property, plant, and equipment (PPE), and disclosure of appraiser services into a firm's information asymmetry. Information asymmetry is the primary reason for the existence of accounting. Accounting could be a mechanism to enable communication of useful information from insiders to outsiders. IFRS adoption and better disclosure are important factors that avoid exploitation by informed bodies, and protect uninformed i...

  8. Dlouhodobý hmotný majetek dle IAS/IFRS a českých předpisů/Fixed Assets according to IAS/IFRS and Czech Legislation

    Sladká, Ludmila

    2009-01-01

    Diploma paper deals with questions of the tangible assets. The first chapter contains determination of the tangible assets and its measurement in term of generally accepted acccounting principles and analyses the depreciation policies. The second chapter focus on the tangible assets in term of International financial reporting standards (IAS/IFRS) especially according to IAS 16 Property, plants and equipment and IFRS 5 Non-current assets held for sale and discontinued operations. The third ch...

  9. Method For Processing Spent (Trn,Zr)N Fuel

    Miller, William E.; Richmann, Michael K.

    2004-07-27

    A new process for recycling spent nuclear fuels, in particular, mixed nitrides of transuranic elements and zirconium. The process consists of two electrorefiner cells in series configuration. A transuranic element such as plutonium is reduced at the cathode in the first cell, zirconium at the cathode in the second cell, and nitrogen-15 is released and captured for reuse to make transuranic and zirconium nitrides.

  10. Assessment of business subsidiary operations and consolidated financial statements through a common global accounting language, IFRS vs. GAAP

    Paul J. Lee

    2015-08-01

    Full Text Available The focus of this paper is to provide a comprehensive overview of financial accounting as it relates to business combinations.  Additionally, comparisons have been made with regard to International Financial Reporting Standards (IFRS and United States Generally Accepted Accounting Principles (US GAAP.  Inclination for the research is based upon the study of IFRS and US GAAP separately at the collegiate level, having a solid understanding of full consolidation under US GAAP, and the desire to learn more about full consolidation under IFRS.   Due to convergence of IFRS with US GAAP on many levels of accounting practices, the overview of full consolidation and logic behind such convergences proves significant in determining usefulness and impact of provided financial data.

  11. Contribution to the knowledge of the mechanism of the electrorefining of uranium in fused salt baths (1961); Contribution a la connaissance du mecanisme de l'electroraffinage de l'uranium en bains de sels fondus (1961)

    Boisde, G; Chauvin, G; Coriou, H; Hure, J [Commissariat a l' Energie Atomique, Saclay (France). Centre d' Etudes Nucleaires

    1961-07-01

    Very pure uranium can be obtained by electrorefining under the following conditions: electrolyte: UCl{sub 3} (ca. 30 per cent wt.) dissolved in LiCl-KCl eutectic, cathode: molybdenum, atmosphere: argon, temperature: 400-450 deg. C. The detailed mechanism of the refining process has been hitherto unknown. Electrode-potential studies undertaken to fill this gap have shown that: 1. UCl prepared according to Newton contains an impurity (perhaps UH{sub 3}) that interferes with the yield of the cathode deposit. We propose a treatment to eliminate this impurity. 2. The quasi-reversible character of the system U{sup +3}{r_reversible}U{sup 0} is the principal reason for the production of high purity uranium. The cathodic deposition and anodic dissolution seem to be primary reactions. 3. The presence of moisture in the molten bath has a very harmful influence on the overall electrorefining process: the uranium obtained contains many impurities; the cathode current efficiency falls from 80 to about 10 per cent; and the anode is substantially corroded, the apparent anode current efficiency rising from 90 to about 120 per cent. An interpretation of these effects is given, based on the experimental polarization curves. (authors) [French] De l'uranium a un tres haut degre de purete peut etre obtenu par electroraffinage clans les conditions suivantes: electrolyte = UCl{sub 3} (30 pour cent en poids env.) dissous dans l'eutectique LiCl-KCl, cathode = tige de molybdene, atmosphere = argon, temperature = 400 a 450 deg. C. Toutefois, on ne connaissait pas, jusqu'a present, le mecanisme intime du processus de raffinage. Des etudes de potentiels d'electrodes, entreprises pour tenter de combler cette lacune, nous ont permis de mettre en evidence differents points : 1. UCl{sub 3} prepare selon la methode de Newton contient une impurete (peut-etre UH{sub 3}) qui nuit au rendement du depot cathodique. Nous proposons un traitement d'elimination de cette impurete. 2. Le caractere de quasi

  12. Impact of IFRS on the quality of financial information in the United Kingdom and France: Evidence from a new perspective

    Perafán Peña, Héctor Fabio; Benavides Franco, Julián

    2017-01-01

    Purpose: To assess the impact of the mandatory adoption of the International Financial Reporting Standards (IFRS) on the quality of the financial information available on listed companies in the UK and France. Design/methodology: This research uses panel regressions to analyze the relationship between the idiosyncratic risk of stock returns and the opacity of financial reports, before and after the mandatory adoption of IFRS. Opacity calculations include different proxies of ...

  13. Intended and unintended consequences of mandatory IFRS adoption: A review of extant evidence and suggestions for future research

    Ulf Brüggemann; Jörg-Markus Hitz; Thorsten Sellhorn

    2012-01-01

    This paper discusses empirical evidence on the economic consequences of mandatory adoption of International Financial Reporting Standards (IFRS) in the European Union (EU) and provides suggestions on how future research can add to our understanding of these effects. Based on the explicitly stated objectives of the EU‟s so-called „IAS Regulation‟, we distinguish between intended and unintended consequences of mandatory IFRS adoption. Empirical research on the intended consequences genera...

  14. Vykazování hráčských smluv ve fotbale dle IFRS

    Kučera, Martin

    2016-01-01

    The goals of this diploma thesis are to characterize the current stadium of disclosure information about player contracts in football based on the IFRS standards and describe possible policy improvements for accounting standards. Theoretical part focus on an analysis of chosen IFRS standards, especially IAS 38 and UEFA regulations. Practical part of the thesis present a research of player contracts in the hands of particular football clubs with an emphasis on the method of acquisition.

  15. A fair disclosure of fair value? How IFRS 13 affects fair value disclosure quality for investment properties in Europe

    Carneiro Holanda, Camila; Magnusson, Lisa

    2015-01-01

    IFRS 13 had its mandatory implementation in January 1st, 2013. The new accounting standard, which represents one step closer to the harmonization between U.S. GAAP and IFRS, aims to eliminate inconsistencies in fair value measurement and its related disclosures through the introduction of new reporting requirements, specifically for assets and liabilities with no active markets. Although these demands also encompass information concerning financial instruments, our focus laid on the disclosur...

  16. Analisis Perbedaan Earnings Response Coefficient (ERC) Sebelum Dan Setelah Adopsi IFRS Pada Perusahaan Yang Tercatat Dalam Bursa Efek Indonesia

    Galantika, Fransisca Intan; Siswantaya, I Gede

    2016-01-01

    Convergence of International Financial Reporting Standards (IFRS) causes the Pedoman Standar Akuntansi Keuangan (PSAK) undergo some changes. This then leads to differences in comparability of financial statements declining so that investors from various countries is difficult to make investment decisions. Then appeared IFRS as the global accounting standards as a reference in generating quality of financial reporting. This study aimed to analyze whether there was a significant difference betw...

  17. Rekindled interest in pyrometallurgical processing

    Burris, L.

    1986-01-01

    The IFR with its integral, on-site fuel recycle revived a concept pioneered at EBR-II. The reactor concept has become very attractive due to the advances in metal fuel performance over the past 15 years and in the understanding of the safety of metal-fueled reactors. The proposed fuel cycle carries out Lawroski's call for development of a low-cost fuel cycle for fast reactors to help them become economically competitive. The IFR represents a new direction in breeder developments. The next two years will be devoted to establishing experimentally the chemical feasibility of the pyrometallurgical process. Once it becomes feasible, the EBR-II fuel cycle facility can be refurbished and the process using IFR-type fuel irradiated in EBR-II

  18. Earnings persistence and value relevance with the adoption of IFRS: a study of companies in GLENIF countries

    Antônio Carlos Brunozi Júnior

    2017-09-01

    Full Text Available The apparent expansion of IFRS internationally promoted literature interests in analyzing their impact on the earnings quality. In these associations, research indicated setbacks in empirical findings with these dilemmas more pronounced in studies of companies from developing countries. Therefore, in this study, we investigated, from the economic and institutional perspectives, if the IFRS affected the persistence and the value relevance of financial results of companies in GLENIF countries. To test these predictions, the survey included 563 companies from Argentina, Brazil, Chile, Colombia, Mexico and Peru from 2003 to 2014. With the application of models of Easton and Harris (1991; Ohlson (1995, Sloan (1996; Burgstahler and Dichev (1997 and Pincus, Venkatachalam and Rajgopal (2007 employed the regression panel data. The results showed a partial acceptance of the hypothesis. The accounting data were more relevant after the implementation of IFRS, while only Argentina, Colombia and Mexico showed the most persistent financial results. In comments on the preliminary adoption of IFRS, the financial results of companies in the countries were more persistent in adopting for a longer period these standards, as opposed to the value relevance, there were no significant differences after IFRS. In summary, this study found that the IFRS alone are not institutional factors to fully improve the quality of accounting results in developing countries.

  19. An experimental study of molten salt electrorefining of uranium using solid iron cathode and liquid cadmium cathode for development of pyrometallurgical reprocessing

    Koyama, Tadafumi; Iizuka, Masatoshi; Tanaka, Hiroshi; Tokiwai, Moriyasu; Shoji, Yuichi; Fujita, Reiko; Kobayashi, Tsuguyuki.

    1997-01-01

    Electrorefining of uranium was studied for developing pyrometallurgical reprocessing technology of metal fuel cycle. After concentration dependence of polarization curve was measured, uranium was electrodeposited either on solid iron cathode or in liquid cadmium cathode. Design and operational conditions of the cathode were improved for obtaining much greater quantity of deposit, resulting in recovery of 732g of dendritic uranium on a single solid cathode, and of 232g of uranium in 2,344g of a liquid cadmium cathode. The behaviors of electro-codeposition of rare earth elements with uranium were observed for liquid cadmium cathode, and were found to follow the local equilibrium between salt electrolyte and cathode. The decontamination factors of FP simulating elements from uranium were tentatively determined as >2,000 for deposition to solid cathode and as >7 for deposition to liquid cadmium cathode, respectively. (author)

  20. ABOUT THE FINANCIAL REPORTING ON THE CAPITAL MARKETS IN THE EUROPEAN UNION: REQUIREMENTS OF USING THE IFRS AND THE EQUIVALENCE OF THIRD COUNTRY ACCOUNTING STANDARDS

    Aristita Rotila

    2013-12-01

    Full Text Available The need to build a single European market and to ensure the competitiveness of the community capital markets led to the involvement of European Union in the convergence process taking place on a global level in the realm of financial reporting. This paper is a study on financial reporting for the capital markets in the European Union by analyzing the accounting standards that need to be applied. Specifically, this paper highlights a number of issues concerning: the adoption of IAS / IFRS in the European Union and their compulsory aspect in preparing the consolidated financial statements for the companies listed on a regulated market; the requirement’s extension of using the IFRSs adopted in the European Union to the issuers of certain third countries involving a public offer of securities in European Union or performing transactions with securities on a community regulated market; the establish of a mechanism for the determination of equivalence of certain third country accounting standards with IFRSs in force at European level and, consequently, the possibility of using by some third country issuers, in preparing the consolidated financial statements submitted to the European markets, recognized national standards as equivalent to adopted IFRS.

  1. An Analysis of International Financial Reporting Standards (IFRS) Issues Concerning Some Elements of Accounting in Oil and Gas Industries in Nigeria

    Uwaoma Ironkwe; Ordu Promise A.

    2015-01-01

    IFRS cut across all segments of industries. However, concerning the Oil and Gas industry sectors, IFRS has significant impact. IFRS has various guidelines that help to make the convergence to the new system, especially, in Oil and Gas accounting and reporting easy. Interestingly, accounting for Oil and Gas activities presents many difficulties. Significant upfront investment, uncertainty over prospects and long project lives have led to a variety of approaches being developed by companies and...

  2. Interpretasi Investor Non-Profesional Atas Implementasi International Financial Reporting Standard (IFRS) 8 Dan Pernyataan Standar Akuntansi Keuangan (PSAK) 5 Dalam Perspektif Framing Information

    Suryandari, Erni; Arisanti, Imelda Puspita

    2017-01-01

    This study attemps to determines the effects of variable implementation of IFRS 8 which differs in IFRS 8 positive frame, IFRS 8 negative frame, PSAK 5 positive frame, and PSAK 5 negative frame toward non profesional investor's interpretation. This experiment study is an experiment with factorial design 2x2 between subject. The subject is 120 participants from accounting undergraduate students of Muhammadiyah Yogyakarta University as a subtitute of non professional investors. Data analysis us...

  3. The EU’s Adoption of IFRS and the Implication for China : In the Perspective of Accounting Quality and Information Comparability

    Deng, Shufen

    2013-01-01

    Globalization has led to the growth of international financial markets, as one of the results, the EU adopted IFRS in 2005 to meet the need of accounting globalization and harmonization. This action has triggered a debate about whether the adoption of IFRS is beneficial to accounting quality and information comparability. Meanwhile, China, playing a key role in the global economic development stage, realizes the importance of accounting harmonization and attempts to move towards the IFRS as w...

  4. Molten salt electrorefining method

    Tanaka, Hiroshi; Nakamura, Hitoshi; Shoji, Yuichi; Matsumaru, Ken-ichi.

    1994-01-01

    A molten cadmium phase (lower side) and a molten salt phase (upper side) are filled in an electrolytic bath. A basket incorporating spent nuclear fuels is inserted/disposed in the molten cadmium phase. A rotatable solid cathode is inserted/disposed in the molten salt phase. The spent fuels, for example, natural uranium, incorporated in the basket is dissolved in the molten cadmium phase. In this case, the uranium concentration in the molten salt phase is determined as from 0.5 to 20wt%. Then, electrolysis is conducted while setting a stirring power for stirring at least the molten salt phase of from 2.5 x 10 2 to 1 x 10 4 based on a reynolds number. Crystalline nuclei of uranium are precipitated uniformly on the surface of the solid cathode, and they grow into fine dendrites. With such procedures, since short-circuit between the cathode precipitates and the molten cadmium phase (anode) is scarcely caused, to improve the recovering rate of uranium. (I.N.)

  5. The comparative analysis of discretionary accruals viewed from the styles of audit and IFRS adoption

    Sulhani Sulhani

    2015-12-01

    Full Text Available Discretionary accruals in auditing have been the essential factor. Therefore, an analysis of this factor viewed from different styles of audit and IFRS adoption can be more interesting to study. This study discusses financial statement comparabil-ity in terms of audit style and IFRS adoption. It took the sample consisting of 43 manufacturing companies listed in Indonesia Stock Exchange; all have published their financial statements for the period of 2010-2013. The data were analyzed by using Kruskal-Wallis test and Wilcoxon test. The results showed that financial statement with the same accounting standards and audited by the same big 4 auditors, subject to the same audit style, are more likely to have comparable dis-cretionary accruals than financial statement audited by different Big 4 firms with different styles. By comparable, it means that different financial statements in the same industry and the same accounting standard will have more similar discre-tionary accruals.

  6. IFRS 9 implementation in banks and macroeconomic scenarios: Some methodological aspects

    Brković Milan

    2017-01-01

    Full Text Available The International Financial Reporting Standard 9 - IFRS is another one in the series of global level initiatives undertaken with a view to fixing the consequences of the global economic and financial crisis, and preventing the future negative developments caused by inadequate recognition and presentation of credit losses on the part of banks. The IFRS 9 also represents a significant shift in relation to traditional accounting, given that it introduced the concept of expected credit losses to replace the concept of occurred credit losses. This task cannot be fulfilled by the traditional and conservative accounting without involving the macroeconomic assessment models, i.e. macroeconomic scenarios. This paper aims to highlight some specific methodological rudiments in macroeconomic analyses and forecasts as inputs for the accounting recognition and presentation of expected credit losses.

  7. Does IFRS Detract from Social Disclosure in Corporate Annual Report and Accounts? Evidence from Nigeria

    Arthur Joseph Avwokeni

    2016-10-01

    Full Text Available This study examines compliance with the corporate social disclosure requirement of the United Nations and whether their voluntary declaration by the International Accounting Standards Board detracts from compliance. Qualitative, financial and non-financial disclosures, based on core indicators developed by the United Nations Conference on Trade, Aid and Development, were garnered from financial statements prepared before and after IFRS adoption. Overall, corporate social disclosure on employment creation and labour practices; welfare, health and safety; and environment, improve during the IFRS regime. This improvement is associated with size of the firm, not audit identity, ownership or capital structure. This finding provides evidence to clinch anecdotal claims that even in the absence of laws some agents would still operate to meet the information needs of their principals; however, in line with organization theory, policies are needed to guide the actions of man, including the learning organization.

  8. IFRS-TILINPÄÄTÖSSTANDARDIT YKSITYISEN OSAKEYHTIÖN NÄKÖKULMASTA

    Hassinen, Tiina

    2008-01-01

    Opinnäytetyön tarkoituksena on perehtyä siihen, mitä IFRS-tilinpäätösstandardit ovat ja miten ne vaikuttavat kirjanpitoon ja tilinpäätökseen. Tavoitteena on käsitellä tiivistetysti yksityisen osakeyhtiön tilinpäätökseen ja kirjanpitoon vaikuttavat standardit. Vertailukohtana on käytetty suomalaista tilinpäätöskäytäntöä. Opinnäytetyön alussa käsitellään IFRS-standardeja yleisellä tasolla, standardeihin liittyviä käsitteitä, standardien tuloa Suomeen ja syitä, jotka ovat vaikuttanee...

  9. Revaluasi Inventory dengan Menu Standard pada SAP-B1 Sesuaikah dengan IFRS

    Eka Novianti

    2011-05-01

    Full Text Available Some available standard modules in SAP-B1 can be adapted for changes in accounting rules and regulations. One is the Inventory Revaluation menu of Inventory module. Users can use the menu to make Inventory value adjustments of value in SAP-B1, to be consistent with the values that must be presented in the financial statements. Based on the flexibility provided by SAP-B1menu, should not be too difficult for users of SAP-B1 to manage accounting transactions based on accounting rules that apply today, IFRS. IFRS requirements on inventory adjustment transactions with a value of SAP-B1 could be done more easily.

  10. Pengaruh Mekanisme Corporate Governance Terhadap Tingkat Kepatuhan Mandatory Disclosure Pasca Konvergensi IFRS

    Isna Fauziah

    2016-01-01

    Full Text Available The proportion of independent commissioners and the number of audit committee meeting. Data analysis method used is descriptive analysis method and hypothesis testing. The result in this study showed the average level of mandatory disclosure compliance after convergence of IFRS in statement comprehensive income is 59.73%. The result showed that corporate governance mechanism simultaneously affect the level of compliance with mandatory disclosure after convergence of IFRS. Meanwhile corporate governance mechanism variables that affect compliance are the managerial ownership, institutional ownership and the proportion of independent commissioners. Other variable that no affect is the numbers of audit committee meeting.DOI: 10.15408/ess.v5i2.2349

  11. Physics studies of weapons plutonium disposition in the IFR closed fuel cycle

    Hill, R.N.; Wade, D.C.; Liaw, J.R.; Fujita, E.K.

    1994-01-01

    The core performance impact of weapons plutonium introduction into the IFR closed fuel cycle is investigated by comparing three disposition scenarios: a power production mode, a moderate destruction mode, and a maximum destruction mode all at a constant heat rating of 840 MWt. For each scenario, two fuel cycle models are evaluated: cores using weapons material as the sole source of transuranics in a once-through mode, and recycle corns using weapons material only as required for a make-up feed. Calculated results include mass flows, detailed isotopic distributions, neutronic performance characteristics, and reactivity feedback coefficients. In general, it is shown that weapons plutonium feed does not have an adverse impact on IFR core performance characteristics

  12. The impact of IFRS on ratios of listed and new listed companies of Athens Exchange

    Balios Dimitrios

    2013-07-01

    Full Text Available In this study we are researching the effect of the implementation of International Financial Reporting Standards (IFRS on financial ratios of listed companies of Athens Exchange (AE. Emphasis is given to the differences between Greek Accounting Standards (GAS and IFRS and their impact on the calculation of financial ratios which are based on financial statements prepared in accordance with the first or the second accounting standard. Therefore, the study was applied to two samples of companies. The first sample includes companies that have been listed in AE for years and the second sample includes companies that have recently been listed in AE. Considering the particular characteristics of each group of companies, we are examining the probability of quantitative differentiations in financial ratios due to the transition from the one accounting standard to the other. The results of the research results showed that both samples of companies, when not influenced by other factors, do not have significant differences in their behavior.

  13. COMPARATIVE STUDY REGARDING THE MAIN DIFFERENCES BETWEEN US GAAP AND IFRS

    Elena HLACIUC; Veronica GROSU; Marian SOCOLIUC; Geanina MACIUCA

    2014-01-01

    Internationally, there are two organizations which play a significant role in the field of financial reporting regulatory bodies. These are the Financial Standard Accounting Board (FASB) and the International Accounting Standards Board (IASB). These bodies have admitted that, in order for international capital markets to function properly, a single set of high quality international accounting standards is necessary. This phenomenon involves the spread of IFRS in the world, on the one hand, an...

  14. Analisis dan Tren Penggunaan Accounting Choice yang Dilakukan Perusahaan di Indonesia Pasca Adopsi IFRS

    Kurniawati, Heny

    2013-01-01

    This study aims to analyze the accounting choice used by Indonesia’s public listed companies after IFRS convergence effectively applied in 2011 and 2012. Data used in this study were financial statements of Indonesia’s public listed companies in 2011 and 2012. The analysis focused on accounting choice in fixed assets (PSAK 16), intangible assets (PSAK 19), and investment property (PSAK 13). The study showed that public listed companies tend to choose historical cost to account for their fixed...

  15. Oceňování reálnou hodnotou podle IFRS

    Rulcová, Michaela

    2009-01-01

    This thesis is focused on the basic area of financial accounting -- measurement. It deals with principal measurement bases and mentions their advantages and disadvantages. In the key part of this thesis there is a definition of fair value and analysis its application under IFRS. Further it includes Exposure Draft: Fair value measurement. In the conclusion there is a smaller research regarding using of fair value by companies quoted at the Prague Stock Exchange.

  16. Konsep Nilai Wajar (Fair Value) dalam Standar Akuntansi Berbasis IFRS di Indonesia Apa dan Bagaimana?

    Heri Sukendar W.

    2012-01-01

    This paper is intended to explain the use of the concept of fair value instead of book value. The accounting world in Indonesia during the last few years have made convergency implementation of new accounting standards oriented to the International Financial Reporting Standards (IFRS) issued by International Accounting Standard Boars (IASB). This new accounting standard that emphasizes the concept of fair value compared with book value concept is outdated. The use of the concept of fair value...

  17. Exploratory analysis of the effectiveness of guarantee derivative instruments from IFRS

    Bravo Herrera, Fernando; Márquez Sepúlveda, Ariel; Pinto Gutiérrez, Cristian

    2012-01-01

    This paper provides an exploration of major traded derivative instruments in Chile, the interest rate swaps, and most commonly used valuation methods, addressing financial risk management in the context of the International Financial Reporting Standards (IFRS). We analyze the requirements for adopting hedge accounting, particularly with regard to evidence of effectiveness, and discuss particular aspects of the Chilean case that companies must face the time to prove the validity of contracts a...

  18. The qualitative characteristics of financial information, and managers’ accounting decisions:evidence from IFRS policy changes

    Nobes, Christopher; Stadler, Christian

    2015-01-01

    This is the first empirical study that uses publicly available data to provide direct evidence about the role of the qualitative characteristics (QCs) of financial information in managements’ accounting decisions. Based on 40,895 hand-collected IFRS (International Financial Reporting Standards) policy choices on 16 topics made by 514 large firms of 10 jurisdictions in the period 2005–2011, we identify 204 reasons for policy changes. The majority of these refer to QCs from the conceptual frame...

  19. Darstellung und Anwendung eines Bewertungsmodells im Rahmen des Controllings unter Beachtung der IAS/IFRS

    Volkmann, Sebastian

    2005-01-01

    Die zunehmende Etablierung des Shareholder Value-Gedankens in Europa, die Rechnungslegung nach IAS/IFRS in Kombination mit der Forderung nach Konvergenz des internen sowie des externen Rechnungswesens erfordern die vertiefte Kapitalmarktorientierung von Unternehmen. Entsprechend werden in dieser Arbeit Ansätze diskutiert, die wertorientierte Unternehmensführung mit Hilfe eines Bewertungsmodells zu unterstützen, um Implementierungslücken auf Ebene des Konzern- oder Geschäftsbereichscontrolling...

  20. Vykazování webových stránek dle IFRS

    Hort, Jan

    2014-01-01

    The aim of the thesis is to analyze reporting of websites under IFRS. The text focuses on the reporting requirements according to fact how a website was acquired and what its purpose. Three variants are discussed: self-creation of a website, sale and purchase of a website and also leasing a website. The practical part examines the reporting of intangible assets (especially software) in financial statements of four selected companies. It also provides a brief comparison of reporting of intangi...

  1. IMPLICATIONS REGARDING IMPLEMENTATION OF IAS/IFRS IN THE ROMANIAN ACCOUNTING SYSTEM

    Alice Ţînţă; Marilena Zuca

    2013-01-01

    Implementing international and domestic accounting standards is very difficult. This calls for a discussion referring to the opportunity of adopting standards from other cultures- mentalities deeply rooted into principles- hence the difficulty to implement. Implementing IFRS means more than a simple change of accounting regulations. It represents a new assessment of performance that must be implemented into the entire entity. This new system might enforce decisive changes regarding accounting...

  2. Institutional investors' reaction to SEC concerns about IFRS and US GAAP reporting

    Miles, Gietzmann; Helena, Isidro

    2013-01-01

    For the period of 2006 to 2008, we collect Comment Letters issued by the SEC that question the application of US GAAP by US firms or the application of IFRS by European firms registered with the SEC. We investigate whether institutional investors react to the letters by changing their holdings and whether their responses vary for US registrants and European registrants. We do this via a treatment-effects model in which we test the hypothesis that institutional investors rebalance their portfo...

  3. Mandatory IFRS adoption and the cost of Equity Capital. Evidence from Spanish Firms

    David Castillo-Merino; Carlota Menéndez-Plans; Neus Orgaz-Guerrero

    2014-01-01

    Purpose: The main objective of this paper analyses the effects of mandatory International Financial Reporting Standards (IFRS) adoption by Spanish firms in 2005 on the cost of equity capital. Design/methodology: Using a sample of listed Spanish companies during the 1999 to 2009 period and a country-level focused analysis. To achieve our objective we relied on OLS regression analysis and estimate the dependent variable – the cost of equity – by using the proxy suggested in Easton (2004). Find...

  4. Gas system Upgrade for the BaBar IFR Detector at SLAC

    Foulkes, S

    2004-01-01

    A new gas distribution and monitoring system was installed as part of an upgrade of the forward endcap muon detection system (IFR) of the BaBar detector at SLAC. Over 300 gas circuits are controlled and monitored. The return gas flow is monitored by digital bubblers which use photo-gate electronics to count the bubbling rate. The rates are monitored in real time and recorded in a history database allowing studies of flow rate versus chamber performance

  5. PREPARATION AND PROVIDING FINANCIAL INFORMATION, CORRECTION OF MISTAKES IN REPORTING COMPLIANCE WITH THE PRINCIPLES OF IFRS

    Zinaida P. Arharova

    2014-01-01

    Full Text Available In this article the main questions of preparation of financial information (IFRS 1 areconsidered. In this text the main requirements of users to accounting (financial information are expressed. The principlesof preparation and drawing up financial statements aren’t standards, it is possibleto divide them in three main groups. In article each of these groups are considered.

  6. The Impact of the Application of IFRS on Reporting the Financial Position

    Mihaela-Cristina ONICA

    2012-11-01

    Full Text Available The application of IFRS in an economic entity’s accounting imposes the paying of special attention to not necessarily the similarities but most importantly to the differences which appear between the national referential and the IASB one. As regards the financial position of the entity, we may say that, more or less, all standards influence it, but some impose differences which must be mentioned.

  7. Early adoption of the effect of IFRS 15 on the quality of accounting information

    Andreia Carpes Dani

    2017-05-01

    Full Text Available Several changes in the legislation governing accounting practices of construction sector companies boosted the internationalization of information on revenues of customer contracts in accounting. Brazil has stood out for early voluntary adoption of IFRS15 standard. Thus, the study aims to determine the relationship between the quality of accounting information and the early adoption of IFRS 15 by Brazilian construction companies listed on BM &FBovespa. The study is characterized as descriptive, conducted through document analysis and quantitative approach. The sample consists of 23 companies in the construction sector. Were analyzed quarterly data from 2013 to 2015. For the data analysis was made using multiple linear regression with panel data, on the basis of accounting information for quality measurement model of value relevance proposed by Ohlson (1995. The survey results suggest that early adoption of IFRS15 helps to reduce the bias of non-comparability and inconsistencies that could exist previously, due to the adoption of different criteria for accounting of revenues on construction contracts. In addition, organizations that voluntarily adopt the rule in an attempt to account for and properly recognize customer contracts revenue, have greater informational relevance and meet market expectations. Thus, it can be said that the early adoption of information on revenue from construction contracts have relevance to the capital market, impacting the stock price after the publication of financial reports.

  8. Pengaruh PSAK 50/55 (Revisi 2014 Berbasis IFRS dan Kualitas Audit Terhadap Manajemen Laba

    Nazarudin Nazarudin

    2017-12-01

    Full Text Available The aim of this study is to analyze the effect of the implementation of the IFRS-based PSAK 50 and 55 (revised 2014 and the audit quality of earning management. Both independent variables, the implementation of IFRS-based PSAK 50/55 (Revised 2014 and the audit quality, are dummy variables. In this study, to measure the earning management this research using revenue discretionary model calculated by using conditional revenue model introduced by Stubben (2010. The sample is secondary data derived from annual financial statements at manufacturing companies listing on Indonesia Stock Exchange (BEI in 2014-2015. The sample has been taken by purposive sampling method that follow the population criteria. The population are the manufacturing companies by 97 companies for 2 years (2014-2015 as sample. The statistical analysis have been used are multiple linear regression and t-test different test. The findings show that both the implementation of the IFRS-based PSAK 50/55 (Revised 2014 and the audit quality have had a significantly and negatively effect on the earning management practices.

  9. A search for AGN activity in Infrared-Faint Radio Sources (IFRS)

    Lenc, Emil; Middelberg, Enno; Norris, Ray; Mao, Minnie

    2010-04-01

    We propose to observe a large sample of radio sources from the ATLAS (Australia Telescope Large Area Survey) source catalogue with the LBA, to determine their compactness. The sample consists of 36 sources with no counterpart in the co-located SWIRE survey (3.6 um to 160 um), carried out with the Spitzer Space Telescope. This rare class of sources, dubber Infrared-Faint Radio Sources (IFRS), is inconsistent with current galaxy evolution models. VLBI observations are an essential way to obtain further clues on what these objects are and why they are hidden from infrared observations. We will measure the flux densities on long baselines to determine their compactness. Only five IFRS have been previously targeted with VLBI observations (resulting in two detections). We propose using single baseline (Parkes-ATCA) eVLBI observations with the LBA at 1 Gbps to maximise sensitivity. With the observations proposed here we will increase the number of VLBI-observed IFRS from 5 to 36, allowing us to draw statistical conclusions about this intriguing new class of objects.

  10. IFRS and US GAAP convergence in the area of business combination

    Hana Bohušová

    2008-01-01

    Full Text Available The IASB project "Business Combinations" started in 2001. The increase of financial statements quality and international harmonization of business combinations recording were main objectives of this project. The project was divided into two phases. IFRS 3 (2004 Business Combinations" which replaced former IAS 22 was the result of the first phase. Partial harmonization of recording and financial reporting of business combination in Europe and in the USA was the main objective of IFRS 3 (2004. IFRS 3 (2004 is based on SFAS 141 (2001. SFAS 141 (2001 was developed in 2001 and replaced APB (Accounting Principles Board Opinion No. 16 Business Combinations and SFAS 38. There is the pooling interest method forbidden and only the purchase method is allowed for all kinds of business combinations. Based on the comparison of both methodical approaches to business combinations are demonstrated reasons for refusing of pooling interest method. The second phase is aimed at purchase method application and new methodical approaches to business combination recording and it is the objective of the conclusion of this paper.

  11. The Differences Cost of Equity Capital between Before and After Adoption of IFRS

    I Putu Sugiartha Sanjaya

    2017-11-01

    Full Text Available The objective of this study was to analyze and compare between cost of equity capital between before and after adoption of IFRS on Statement of Financial Accounting Standard Financial Instrument (PSAK for banking companies listed in Indonesian Stock Exchange. The period on this study was 2008-2009 for before adoption and 2013-2014 for after adoption. Data on this study was secondary data such as annual financial reporting and share price. Cost of equity capital was measured using Ohlson Model. Sample in this study was banking companies listed in Indonesian Stock Exchange in 2008, 2009, 2013, and 2014. Selecting sample was by purposive sampling with specific criteria. Results of this study proved that cost of equity capital was lower for after adoption of IFRS on Statement of Financial Accounting Standard Financial Instrument for banking companies listed in Indonesian Stock Exchange than before adoption. It meant that adoption IFRS could reduce cost of equity capital. This result had an impact on reducing non performing loan, increasing loan to deposit ratio, and increasing net interest margin.

  12. EMPIRICAL STUDY REGARDING PERCEPTIONS OF THE IFRS FOR SMEs IN ARAD COUNTY

    Ioana Herbei Mot

    2014-09-01

    Full Text Available IFRS for SMEs is a change among of each entity, leading both to the positive and negative aspects regarding its application. Our study aims to present the perceptions of accounting experts on the application of IFRS for SMEs in Arad County. For the study was used the questionnaire based on resulted the pros and cons of applying standard responses to small and medium - sized entities, considering the law the main reason for applying standard. The Professional accountants believes that rules should have a major impact among listed entities, which leads to benefits and also difficulties. As benefits we enumerate improving, comparability and transparency of accounting information and as difficulties specify the auditing, the connection accountancy - fiscality and the report cost - benefit, but we cant fail to mention the lack of skilled personnel. Although there are a number of obstacles and costs as regards implementing IFRS for SMEs in Arad, and national level our respondents were equally agree with the application or non-application of this standard. We mention that the application of this standard requires more than a simple exercise because the rules used may have influenced in the content of the financial statements of the entity.

  13. Regulação da contabilidade: teorias e análise da convergência dos padrões contábeis brasileiros aos IFRS Accounting regulation: theories and analysis of the Brazilian accounting standards convergence to IFRS

    Ricardo Lopes Cardoso

    2009-08-01

    Full Text Available O processo de convergência das práticas nacionais de contabilidade aos padrões internacionais implica profundas alterações na regulação da contabilidade. É natural que os contabilistas estejam preocupados em se adaptar aos "novos" padrões buscando adotá-los, e auditar sua adoção nas respectivas empresas/clientes. Entretanto, tão importante quanto adotar e auditar a adoção dos International Financial Reporting Standards (IFRS nas demonstrações contábeis das empresas brasileiras é compreender o movimento de alteração das normas contábeis em âmbito nacional. Por outro lado, pouco se tem discutido sobre os impactos dessas novas regulamentações. Este artigo analisa, numa perspectiva interdisciplinar, o processo de alteração da regulação da contabilidade à luz de cinco teorias da regulação. Embora as teorias sejam concorrentes, observou-se que elas podem ser utilizadas de forma complementar entre si na compreensão das alterações promovidas pela Lei nº 11.638/07 e pela Medida Provisória nº 449/08 na Lei nº 6.404/76. Considerou-se que as teorias realiana e habermasiana são as que melhor contribuem para a democratização da contabilidade, uma vez que consideram os valores sociais na elaboração e posterior interpretação da regulação.The convergence process of local accounting standards into international standards requires significant changes in accounting regulation. Accountants and auditors are working hard to understand and familiarize themselves with these "new" standards in order to adopt and audit them at their firms and/or clients. However, adopting and auditing the adoption of International Financial Reporting Standards (IFRS are just as important as understanding the changes in local accounting regulation. Also, the impact of the new regulation has been little discussed. This theory-based article examines the Brazilian IFRS convergence experience through an interdisciplinary perspective. Although all

  14. Compatibility of the IFRS for Small and Medium-sized Entities and the new EU-Accounting Directive

    Gerrit Kaufhold

    2015-01-01

    Full Text Available The new EU-Accounting Directive of 26 June 2013 (DIRECTIVE 2013/34/EU has the intention to harmonize the accounting and financial reporting of enterprises in the European Union. “Think small first” is the central principle in the new EU-Accounting Directive and the new regulations have to be adopted in the laws of European member states by 20 July 2015. The International Financial Reporting Standard for Small and Medium-sized Entities (IFRS for SMEs was published in 2009 by the International Accounting Standards Board (IASB. The IASB intended to create simplified international financial reporting standards for the special needs of smaller and medium-sized enterprise. The IASB completed in May 2015 a comprehensive review of the IFRS for SMEs and made amendments to the Standard. The revised version of the IFRS for SMEs will be issued in the last quarter of 2015. The aim of the paper is to analyze the compatibility of the IFRS for SMEs and the new EU- Accounting Directive and the problems in connection with the harmonization of the European accounting legislation especially in Germany. Based on the results of the research most of the former incompatibilities could be removed, but the remaining complexity of the IFRS for SMEs and the lack of an option for the member states to adopt the IFRS for SMEs as an accounting and reporting standard besides or instead their local accounting principles will prevent the wide use of the IFRS for SMEs in Germany and in other member states of the European Union.

  15. Continuous extraction of molten chloride salts with liquid cadmium alloys

    Chow, L.S.; Basco, J.K.; Ackerman, J.P.; Johnson, T.R.

    1993-01-01

    A pyrochemical method is being developed at Argonne National Laboratory (ANL) to provide contnuous multistage extractions between molten chloride salts and liquid cadmium alloys at 500 degrees C. The extraction method will be used to recover transuranic (TRU) elements from the process salt in the electroretiner used in the pyrochemical reprocessing of spent fuel from the Integral Fast Reactor (IFR). The IFR is one of the Department of Energy's advanced power reactor concepts. The recovered TRU elements are returned to the electrorefiner. The extracted salt undergoes further processing to remove rare earths and other fission products so that most of the purified salt can also be returned to the electrorefiner, thereby extending the useful life of the process salt many times

  16. THE EPS OF THE IFRS AS A BENCHMARK OF CORPORATE PERFORMANCE

    Kiss Agota

    2015-07-01

    Full Text Available The measurement of the corporate’s performance; efficiency and effective use of resources has an increasing role nowadays. In a globalizing and strongly competitive market environment the adequate, up-to-date, reliable and accurate information is inevitable for the companies in order to operate efficiently. Accounting is a part of corporate information system that’s primarily objective is to capture the economic changes and to present their effect on the wealth and income of the companies. The performance of companies is interpreted in many ways and there is an extensive literature that discusses performance measurement and depending on the objective and the interested parties there are several methods from simple indicators to the more complicated models. According to the most frequently used definition, performance measurement is the measurement process of the effectiveness and efficiency of activities (Neely et al., 1995. Based on the accounting information of the companies many performance indicators can be shaped that could be useful benchmarks. The companies listed on the stock exchange must put special emphasis on the measurement of their performance and its presentation in the financial statements compared to the non-listed companies as the investor’s primary aim is to maximize the returns on their investments. The national level regulations in this area are not unified; hence the comparison of companies is problematic. The listed companies must present their financial statements in accordance to the International Financial Reporting Standards (IFRS. The standard boards realized the lack of comparability as a result of the non-unified performance measurement. Their opinion is that earnings per share (EPS is a comparable indicator and shows a consistent picture about the earnings of the companies so in 1997 they issued the IAS 33 ‘Earnings per share’ standard. The IAS 33 provides a standardized method to calculate the EPS that

  17. Pyrometallurgical process of actinide metal

    Yoo, Jae Hyung; Kang, Young Ho; Woo, Mun Sik; Hwang, Sung Chan

    1999-06-01

    Major subject on pyrometallurgical partitioning technology is to separate transmutation elements (TRU) from rare earth elements(RE). Distribution coefficients of TRU and RE between molten chloride and liquid cadmium were measured for reductive extraction, and TRU were separated from RE in simplified molten chloride system by electrorefining. And separation efficiency between TRU and RE were estimated by using thermodynamics data. The results indicate that uranium, neptunium and plutonium are easy to separate from RE but some amount of RE accompany americium, and that processes have to be optimized to attain good separation efficiency of TRU. (author)

  18. Processing of copper anodic-slimes for extraction of valuable metals.

    Amer, A M

    2003-01-01

    This work focuses on processing of anodic slimes obtained from an Egyptian copper electrorefining plant. The anodic slimes are characterized by high concentrations of copper, lead, tin and silver. The proposed hydrometallurgical process consists of two leaching stages for the extraction of copper (H(2)SO(4)-O(2)) and silver (thiourea-Fe3+), and pyrometallurgical treatment of the remaining slimes for production of Pb-Sn soldering alloy. Factors affecting both the leaching and smelting stages were studied.

  19. The IFR route to safe, reliable and inexhaustible power

    Hannum, W.H.

    1992-01-01

    The Integral Fast Reactor is a closed reactor fuel cycle composed of a metal fuelled, tank type, sodium cooled fast reactor; an electrochemical process for recovery of actinides from spent fuel; a simplified refabrication technology; and the associated waste processing technology. Feasibility of the reactor concept is established. Favorable safety attributes are recognized. The integral fuel cycle demonstration is being assembled. Good progress is being made in developing the associated waste processing technology

  20. Deşifre Şarkı Söyleme Eğitimine Yönelik Öğretim Metodu Önerisi A Recommended Teaching Method For Sight-Singing Education

    Sevan NART

    2013-03-01

    Full Text Available In professional music education, effort is made during musicallistening, reading, and writing (MLRW courses to teach the language ofmusic. Sight-singing education is related to the musical readingdimension of MLRW teaching. Sight-singing is the ability (skill toanalyse and vocalize a music piece directly with words at first sight inaccordance with the correct notation. This skill which can be consideredthe highest step in musical literacy at professional music education is askill that every individual studying music education needs to develop.Sight-singing skills that each individual have at a certain level can beimproved by planned, programmed, systematic and regular studies.In Turkey, there are very limited unique studies for improvingsight-reading skills. And as for sight-singing there are no systematic,planned applications, scientific researches or resourcesare available. However there are a great number of publishedresources available for teaching sight- singing, and many methods arebeeing practiced successfully in overseas since 1800s.The method which is proposed as a teaching material for sightsingingin this study was a unique teaching method that was developedand experimented for a doctoral research with the idea of resolving thelack of resource in the field of sight-singing. This study consistsof descriptions for the proposed- teaching method and system for sightsingingand also explanations about the devoloping process of thecirriculumn and teaching materials.The aforementioned method is important for being the very firstwriten teaching method about sight singing education in Turkey. It alsohas importance in terms of being an example and resource for leadingfuture studies, cirriculumns and practices in this area. Mesleki müzik eğitiminde öğrencilere müziksel işitme, okuma veyazma (MİOY dersleri kapsamında müziğin dili öğretilmeyeçalışılmaktadır. Deşifre şarkı söyleme MİOY öğretiminin müzikselokuma boyutuyla ili

  1. Experiments investigating the effects of the accelerating gap voltage pulse on the ion focused (IFR) high current electron recirculators

    Mazarakis, M.G.; Smith, D.L.; Poukey, J.W.; Wagner, J.S.; Bennett, L.F.; Olson, W.R.; Turman, B.N.; Prestwich, K.R.; Wells, J.

    1991-01-01

    The lifetime of the Ion Focusing Regime (IFR) channel following the pulsing of the post-accelerating gaps is critical for an open-ended, spiral recirculating electron linear accelerator. It dictates the number of allowable beam recirculations through the gap. In the case of a racetrack configuration, it is significant but not as critical, since the presence of the electron beam focuses the ions and lengthens the lifetime of the ion channel. It was established that pulsing the accelerating gap perturbs the IFR channel. However, for the parameters studied, the lifetime is long enough to allow at least four beam recirculations in a spiral device. In addition, cusp fields positioned upstream and downstream from the gap prevent it from perturbing the IFR channel. 4 refs., 5 figs., 1 tab

  2. Experiments investigating the effects of the accelerating gap voltage pulse on the ion focused (IFR) high current electron recirculators

    Mazarakis, M.G.; Smith, D.L.; Poukey, J.W.; Wagner, J.S.; Bennett, L.F.; Olson, W.R. Turnman, B.N.; Prestwich, K.R.; Wells, J.

    1991-01-01

    The lifetime of the Ion Focusing Regime (IFR) channel following the pulsing of the post-accelerating gaps is critical for an open-ended, spiral recirculating electron linear accelerator. It dictates the number of allowable beam recirculations through the gap. In the case of a racetrack configuration, its is significant but not as critical, since the presence of the electron beam focuses the ions and lengthens the lifetime of the ion channel. It was established that pulsing the accelerating gap perturbs the IFR channel. However, for the parameters studied, the lifetime is long enough to allow at least four beam recirculations in a spiral device. In addition, cusp fields positioned upstream and downstream from the gap prevent it from perturbing the IFR channel

  3. THE IMPACT OF IFRS ON REPORTING FOR BUSINESS COMBINATIONS: AN IN-DEPTH ANALYSIS USING THE TELECOMMUNICATIONS INDUSTRY

    Cunningham Garry M.

    2011-07-01

    Full Text Available The mandatory use of IFRS by all publicly listed companies in the European Union created challenges for accounting and reporting of business combinations, goodwill impairment and disclosures for these items. Major issues are allocation of amounts to goodwill and specific intangible assets arising from acquisition. This study presents an in-depth exploration of compliance with IFRS 3 and IAS 36 using content analysis methodology of annual reports of eight European telecommunications that were chose because the industry is well known for significant acquisitions involving intangibles. The results show only partial compliance with little change over the four year period since mandatory IFRS adoption. While results cannot be generalized outside this group, the in-depth analysis yielded important insights for continued research using broader research methods.

  4. Lithium actinide recycle process demonstration

    Johnson, G.K.; Pierce, R.D.; McPheeters, C.C. [Argonne National Laboratory, IL (United States)

    1995-10-01

    Several pyrochemical processes have been developed in the Chemical Technology Division of Argonne Laboratory for recovery of actinide elements from LWR spent fuel. The lithium process was selected as the reference process from among the options. In this process the LWR oxide spent fuel is reduced by lithium at 650{degrees}C in the presence of molten LiCl. The Li{sub 2}O formed during the reduction process is soluble in the salt. The spent salt and lithium are recycled after the Li{sub 2}O is electrochemically reduced. The oxygen is liberated as CO{sub 2} at a carbon anode or oxygen at an inert anode. The reduced metal components of the LWR spent fuel are separated from the LiCL salt phase and introduced into an electrorefiner. The electrorefining step separates the uranium and transuranium (TRU) elements into two product streams. The uranium product, which comprises about 96% of the LWR spent fuel mass, may be enriched for recycle into the LWR fuel cycle, stored for future use in breeder reactors, or converted to a suitable form for disposal as waste. The TRU product can be recycled as fast reactor fuel or can be alloyed with constituents of the LWR cladding material to produce a stable waste form.

  5. A analysis of molten salt separation system for nuclear wastes transmutation

    Hwang, In Soon; Park, Byung Gi [Seoul National University, Seoul (Korea, Republic of); Kim, Kwang Bum; Kwon, Ou Sung [Yonsei University, Seoul (Korea, Republic of)

    1997-07-01

    Typical molten salt separation is ANL-IFR pyroprocessing and ORNL-MSRE pyroprocessing. IFR pyroprocessing is based on Chloride chemistry and electrorefining. MSRE pyroprocessing is base on fluoride chemistry and reductive extraction. Major technologies of molten salt separation are electrorefining, electrowining, reductive extraction, and oxide reduction. Common characteristics of this technologies is to utilize reduction-oxidation phenomena in molten salt. Electrorefining process is modeled on the basis of diffusion layer theory and Butler-Volmor relation. This model is numerically solved by LSODA package. To acquire the technology of electrorefining process, 3-electrode electrochemical cell is developed where electrolyte is 500 degree C LiCl-KCl eutectic molten salt, working electrodes are Ni and Au, and reference electrode is Ag/AgCl. We have investigated the stable potential range using cyclic voltammogram of Ni electrode. We have measured steady state polarization curve of Ni electrode. Then corrosion potential of Ni electrode is -0.38V{sub Ag/AgCl} and corrosion current is 1.23 x 10{sup -4} A/cm{sup 2}. 12 refs., 6 tabs., 24 figs. (author)

  6. The Probability of Default Under IFRS 9: Multi-period Estimation and Macroeconomic Forecast

    Tomáš Vaněk

    2017-01-01

    Full Text Available In this paper we propose a straightforward, flexible and intuitive computational framework for the multi-period probability of default estimation incorporating macroeconomic forecasts. The concept is based on Markov models, the estimated economic adjustment coefficient and the official economic forecasts of the Czech National Bank. The economic forecasts are taken into account in a separate step to better distinguish between idiosyncratic and systemic risk. This approach is also attractive from the interpretational point of view. The proposed framework can be used especially when calculating lifetime expected credit losses under IFRS 9.

  7. IFRS SIMPLIFICAT PENTRU ÎNTREPRINDERI MICI ŞI MIJLOCII

    Borlea Nicolae Sorin

    2011-01-01

    Full Text Available Accounting harmonization with the requirements of the International Accounting Standards(IAS/IFRS and with the European Directives is achieved by the implication of professionalinstitutions as the International Accounting Standards Board (IASB, the InternationalFederation of Accountants, the Federation of European Accountant Experts and others, theharmonization being an important challenge for professionals in the field and also for thebusiness environment. But dealing with that standards and permanent study for achievingconvergence of that standards in order to reflect the real image of an entity is, may be, themost beautiful part of the accountant profession.

  8. THE IMPACT OF NEW CHANGES IFRS ON THE ACCOUNTING OF CREDIT INSTITUTIONS

    Alexandra Doroş

    2012-01-01

    Full Text Available Legislative stages in accordance with IFRS accounting treatment, began to OMF no. 907/2005- approving categories of entities applying accounting rules in accordance with International Financial Reporting Standards, accounting regulations that comply with European directives, as amended, continued with NBR Order no. 13/2008, NBR Order no. 15/2009, NBR Order no. 9/2010 and ends with NBR Order no. 27/16.12.2010 - for approval of Accounting Regulations in accordance with International Financial Reporting Standards applicable to credit institutions.

  9. Data uncertainty impact in radiotoxicity evaluation connected to EFR and IFR systems

    Palmiotti, G.; Salvatores, M.

    1993-01-01

    Time-dependent sensitivity techniques, which have been used in the past for standard reactor applications, have been adapted to calculate the impact of data uncertainties in radiotoxicity evaluations. The methodology has been applied to different strategies of radioactive waste management connected with the EFR and IFR reactor fuel cycles. Results are provided in terms of sensitivity coefficients to basic data (cross sections and decay constants), and uncertainties on global radiotoxicity at different times of storing after discharge. 6 refs., 6 figs., 9 tabs

  10. Impairment nefinančných aktív podľa IFRS a US GAAP

    Kačur, Branislav

    2013-01-01

    This thesis deals with the requirements of how to approach the issue of testing the value of assets in accounting and recognition of an impairment loss under IFRS and U.S. GAAP. The main objective was to create a comprehensive view of this specific area, eventually determine differences in accounting and reporting between IFRS and US GAAP. There is mostly characteristic of IAS 36 Impairment of Assets and SFAS 144 Accounting for the Impairment or Disposal of Long-Lived Assets, which specify wh...

  11. Pengaruh Adopsi IFRS, Pemberian Informasi Nilai Wajar, dan Pengungkapan Jasa Penilai Terhadap Asimetri Informasi Pada Emiten di Indonesia [Impact of IFRS Adoption, Fair Value Information, and Disclosure of Appraiser Services on the Information Asymmetry of Firms in Indonesia

    Felisia Novita Sari

    2015-05-01

    Full Text Available This study evaluates the impact of IFRS adoption, fair value information of property, plant, and equipment (PPE, and disclosure of appraiser services into a firm's information asymmetry. Information asymmetry is the primary reason for the existence of accounting. Accounting could be a mechanism to enable communication of useful information from insiders to outsiders. IFRS adoption and better disclosure are important factors that avoid exploitation by informed bodies, and protect uninformed investors. Using Indonesian data, this study analyzes two year before and after 2011, an implementation year. This research gives evidence that IFRS adoption is able to decrease information asymmetry. Disclosure of appraiser services is also able to decrease information asymmetry, however, fair value information of PPE is not an important determinant of information asymmetry. Other results present that share prices, share turnover, and firm size can affect information asymmetry. By knowing the factors affecting information asymmetry, information asymmetry problem could be minimized. This study concludes that IFRS implementation and disclosure of appraiser services affect information asymmetry.

  12. Electron beam propagation in the ion focused regime (IFR) with the experimental test accelerator (ETA)

    Struve, K.W.; Lauer, E.J.; Chambers, F.W.

    1983-01-01

    The IFR is a well-known stable, low pressure (0.10 to 0.120 torr in air) propagation window. Secondary electrons created by collisions of beam electrons with gas atoms are rapidly expelled by the strong radial electric field of the beam charge. The ions that remain inside the beam partially neutralize the electric field, allowing magnetic pinch forces to focus the beam. Experiments with the ETA beam have re-verified this stable window and are reported. Image forces from a close wall IFR propagation tank are also experimentally shown to center the beam and damp transverse oscillations. Results of experiments using 5 and 15 cm dia beam tubes are reported. For p tau > 2 torr-nsec (gas pressure x time into pulse the beam charge becomes completely neutralized by the ions, allowing a build up of plasma and resultant beam-plasma instabilities. The onset of these instabilities has been measured using rf pickup loops (0 to 2 GHz) and microwave detectors (6 to 40 GHz), and are also reported

  13. COMPARATIVE STUDY REGARDING THE MAIN DIFFERENCES BETWEEN US GAAP AND IFRS

    Elena HLACIUC

    2014-12-01

    Full Text Available Internationally, there are two organizations which play a significant role in the field of financial reporting regulatory bodies. These are the Financial Standard Accounting Board (FASB and the International Accounting Standards Board (IASB. These bodies have admitted that, in order for international capital markets to function properly, a single set of high quality international accounting standards is necessary. This phenomenon involves the spread of IFRS in the world, on the one hand, and the convergence of FASB-IASB. Yet there are differences. SEC, the American standardization body, is in no hurry to achieve convergence. Moreover, as stated by some authors, we witness the existence of a paradoxical situation: that in which IFRS and the conceptual framework are influenced by American standards. The scientific approach of this research paper consists of two parts: the first part we presented the main differences in the recognition and measurement of the items in the financial statements and while in the second part we present the main differences in the presentation of financial statements. Regarding the research methodology, the methodological, theoretical and scientific base is represented by the universal research methods: the dialectical method of acquiring knowledge (analysis, synthesis, deduction as well as the rational methods of acquiring knowledge (observation, reasoning, selection, comparison. As research tools for the theme of the current paper are as follows: online research (use of the FASB, IASB, IFAC databases, the electronic databases available through the library, books, journals, legislation.

  14. Double-wall IFR cell for conditioning intense relativistic electron beams

    Myers, M.C.; Meger, R.A.; Murphy, D.P.; Fernsler, R.F.; Hubbard, R.F.; Slinker, S.P.; Weidman, D.J.

    1994-01-01

    An intense relativistic electron beam (IREB) injected into neutral gas in the high pressure regime characteristically propagates in a self-pinched mode but is susceptible to the resistive hose instability. Typically, beam are conditioned for propagation experiments by reducing the perturbations that may excite resistive hose and by adjusting the emittance profile of the beam such that the convective growth of the instability is decreased. The former has been achieved by applying an anharmonic focusing force as the beam is transported through a conducting tube or cell. The latter has been effectively demonstrated by passing the beam through an ion focus regime (IFR) cell which imposes a head to tail beam emittance variations. However, since the physical parameters of the two types of cells are different, conflicts arise when the cells are coupled sequentially. The double-wall IFR cell described here eliminates these interface difficulties by providing the necessary conditions properties in a single cell. The physics and design of the cell will be introduced and parameter variations explored. The conditioning and propagation measurements will be presented and the results of the experiment will be discussed in relation to theory and simulation

  15. Revenue from Contracts with Customers under IFRS 15: New Perspectives on Practice

    Ionica Oncioiu

    2016-11-01

    Full Text Available This article offer an overview of the characteristics of IFRS 15 requirements regarding revenue. Revenue is the gross inflow of economic benefits during the period arising in the course of the ordinary activities of an entity when those inflows result in increases in equity, other than increases relating to contributions from equity participants. This new standard intends to cover the gaps from the previous standards such as IAS 18 and IAS 11. IAS 18 provided limited guidance on many important revenue topics such as accounting for multiple-element arrangements. Fair value measurement and impairment methodology based on the incurred loss model are discussed in this context. This new standard offers detailed guidelines for different type of transactions such as sale with a right of return, like non-refundable upfront fees (and some related costs, principal versus agent considerations and consignment arrangements, others. Based on the results of this analysis, will show these views suggest practitioners ‘confusion about IFRS 15.

  16. The Implementation of IAS/IFRS in Romania – Advances and Perspectives

    Aristita Rotila

    2010-10-01

    Full Text Available This paper represents a study on the implementation of the international accounting standards in Romania. Through this paper we find out about the stages covered and the solutionsadopted by Romania as well as the perspectives concerning the adaptability of the national accounting system to the performance of the international standards in the accounting domain, namely: the elaboration of accounting regulations harmonized with International Accounting Standards or, in other words, the internationalization of the national accounting system; ensuring the compliance of Romanian accounting regulations with the European directives and, in consequence,waiving the International Accounting Standards (at least at declarative level for the financial reporting in relation to the state institutions; the transition to the gradual implementation of International Accounting Standards/Financial Reporting (IAS/IFRS. We made also some assessments on the perspectives of using IAS/IFRS as a unique set of norms (as accounting basis for the preparation of individual financial statements and we are pointing a series of costs and benefitsof their application. To accomplish this work it has been carried out an analysis on the normalization of accounting and particularly on the accounting norms which apply in Romania.Keywords: normalization, regulations, convergence, conformity, standards, accounting

  17. Main Consequences of IFRS Adoption: Analysis of Existing Literature and Suggestions for Further Research

    Isabel Maria Estima Costa Lourenço

    2015-08-01

    Full Text Available This study characterizes the results of scientific research on the effect of adopting the International Financial Reporting Standards (IFRS that have been published in the most prestigious scientific journals in the field of accounting at the international level and it identifies avenues for further research. Based on the analysis of a set of 67 articles published by the accounting journals that make up the Social Sciences Citation Index (SSCI, published between 2000 and 2013, it is concluded that, as a general rule, IFRS adoption has a positive effect on information quality, the capital market, analysts' ability to predict, comparability, and information use. Nevertheless, this effect depends on some factors, such as country's characteristics (namely, the enforcement level and companies' characteristics. Sharing rules is not, by itself, enough to create a common business language, and management incentives and institutional factors play a major role in framing the characteristics of financial reporting. Finally, some gaps are identified in the literature and avenues for further research are introduced.

  18. Dampak Konvergensi IFRS, Karakteristik Perusahaan, dan Kualitas Auditor Terhadap Audit Delay

    Dwi Ratmono

    2016-03-01

    Full Text Available The objective of this study is to examine the influence of IFRS implementation on the audit delay. To focus on the impact of audit delay, this study controls the effect of company’s characteristics.  Characteristics of the company used in this study are the company size, the leverage, and the loss announcement. The population used in this study is all of the manufacturing company listed in Indonesia Stock Exchange for 2010 until 2013 period. The study uses the purposive sampling for the sampling method. The criteria of the sample which is used is company must have published audited financial report for four years successively and used Rupiah, so that  the number of the sample in this study is 416 observations. There are two variables that do not affect the audit delay, those IFRS implementation, and loss announcement..The results shows that the company size, leverage and the auditor’s quality significantly affect audit delay.

  19. THE IMPACT OF IFRS NORMS ON INTERNAL GOVERNANCE MECHANISMS WITH REGARD TO SOCIO-ECONOMIC CONTEXT

    Soumaya HERGLI

    2016-11-01

    Full Text Available The purpose of this paper is to examine the effect of International Financial Reporting Standards IFRS adoption on internal governance mechanisms with regard to socio-economic context. Empirical investigation was conducted to assess whether a company and an individual specifications can be presented as part of a general pattern. The results confirm that IFRS framework has introduced a new design of the accounting formalism facing a more complex activity leading to enlargement the discretionary space. Socio-economic factors explain perfectly the corporate governance behaviors and confirmed that the less powerful members of our firms sample expect and accept that power is distributed unequally, the leaders prefer to act as individuals rather than as members of groups, the management positions are generally held by men than by women, these members are threatened by ambiguous or unknown situations and finally, managers stand for the fostering in a society of pragmatic virtues oriented to future rewards, in particular perseverance, thrift and adapting to changing circumstances.

  20. A Review on Accounts Manipulation via Loan Loss Provisions to Manage Earnings and Impact of IFRS

    Albulena Shala

    2017-05-01

    Full Text Available Nowadays there is extensive research on financial reporting in banking industry. We also find a lot of studies specifically devoted to investigation of the estimation techniques of the amount of provisions, which represent important accrual amounts for a bank. In this paper we employ a non-statistical technique of meta-synthezis, through which we try to research the motives, existence, and effects of IFRS in income smoothing of banking institutions. As the theory of agency implies, the management can apply income smoothing because they may be oriented towards bonuses and wage increases more than towards the benefit of the economic entity. Factors such as their own reputation regarding the prediction of incomes, avoiding lack of analists’ expectations on incomes, to signal information on incomes, also contribute to earnings management. We find that most of the research find income smoothing in the banking sector, but also in other industries. Another issue that seems to emerge is that, based on research, the application of IFRS-es does not seem to have decreased the income smoothing phenomena in most of the countries where the studies were conducted.