IFR fuel cycle

International Nuclear Information System (INIS)

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

Development of IFR pyroprocessing technology

International Nuclear Information System (INIS)

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

Integrating the fuel cycle at IFR [Integral Fast Reactor

International Nuclear Information System (INIS)

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)

A Deterministic Safety Assessment of a Pyro-processed Waste Repository

International Nuclear Information System (INIS)

Lee, Youn Myoung; Jeong, Jong Tae; Choi, Jong Won

2012-01-01

A GoldSim template program for a safety assessment of a hybrid-typed repository system, called 'A-KRS', in which two kinds of pyro-processed radioactive wastes, low-level metal wastes and ceramic high-level wastes that arise from the pyro-processing of PWR nuclear spent fuels are disposed of, has been developed. This program is ready both for a deterministic and probabilistic total system performance assessment which is able to evaluate nuclide release from the repository and farther transport into the geosphere and biosphere under various normal, disruptive natural and manmade events, and scenarios. The A-KRS has been deterministically assessed with 5 various normal and abnormal scenarios associated with nuclide release and transport in and around the repository. Dose exposure rates to the farming exposure group have been evaluated in accordance with all the scenarios and then compared among other.

Estimation of the Waste Mass from a Pyro-Process of Spent Nuclear Fuel

Energy Technology Data Exchange (ETDEWEB)

Lee, Min Soo; Choi, Jong Won; Choi, Heui Joo (and others)

2008-04-15

Pyro-Process is now developing to retrieve reusable uranium and TRU, and to reduce the volume of high level waste from a nuclear power plant. In this situation, it is strongly required for the estimation of expected masses and their physical properties of the wastes. In this report, the amount of wastes and their physical properties are presupposed through some assumptions in regard to 10MTHM of Oxide Fuel with 4.5wt% U-235, 45,000 MWD/MTU, and 5yrs cooling. The produced wastes can be divided into three categories such as metal, CWF(Ceramic Waste Form), and VWF(Vitrified Waste Form). The 42 nuclrides in a spent nuclear fuel are distributed into the waste categories on the their physical and thermodynamic properties when they exist in metal, oxide, or chloride forms. The treated atomic groups are Uranium, TRU, Noble metal, Rare earth, Alkali metal, Halogens, and others. The mass of each waste is estimated by the distribution results. The off-gas waste is included into a CWF. The heat generations by the wastes in this Pyro-Process are calculated using a ORIGEN-ARP program. It is possible to estimate the amounts of wastes and their heat generation rates in this Pyro-Process analysis. These information are very helpful to design a waste container and its quantity also can be determined. The number of container and its heat generation rate will be key factor for the construction of interim storage facilities including a underground disposal site.

A Probabilistic Safety Assessment of a Pyro-processed Waste Repository

International Nuclear Information System (INIS)

Lee, Youn Myoung; Jeong, Jong Tae

2012-01-01

A GoldSim template program for a safety assessment of a hybrid-typed repository system, called A-KRS, in which two kinds of pyro-processed radioactive wastes, low-level metal wastes and ceramic high-level wastes that arise from the pyro-processing of PWR nuclear spent fuels are disposed of, has been developed. This program is ready both for a deterministic and probabilistic total system performance assessment which is able to evaluate nuclide release from the repository and farther transport into the geosphere and biosphere under various normal, disruptive natural and manmade events, and scenarios. The A-KRS has been probabilistically assessed with 9 selected input parameters, each of which has its own statistical distribution for a normal release and transport scenario associated with nuclide release and transport in and around the repository. Probabilistic dose exposure rates to the farming exposure group have been evaluated. A sensitivity of 9 selected parameters to the result has also been investigated to see which parameter is more sensitive and important to the exposure rates.

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

International Nuclear Information System (INIS)

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

Development of DGR System Concept for Radioactive Waste from Pyro-processing of CANDU SNFs

International Nuclear Information System (INIS)

Kim, In Young; Choi, Heui Joo; Lee, Jong Youl; Lee, Minsoo; Kim, Hyeon A

2016-01-01

In this study, DGR concept for radioactive waste from pyro-processing of CANDU SNFs is developed. Identical material balance for PWR (MB 2.6.0) and mass ratio of radioactive nuclides to binding material for LiCl-KCl waste is applied to determine specification of waste form, packing/disposal canister. Optimum thermal dimensioning is estimated to be 40 m for disposal tunnel and 8 m for disposal hole pitch through ABAQUS thermal analyses. To reduce volume and toxicity of PWR SNFs, the P and T technology using pyro-processing and SFR is under development in KAERI. CANDU SNFs are not considered as a subject of P and T because of its low fissile content caused by use of natural uranium as a fuel material. However, contention that not only PWR SNFs but also CANDU SNFs must be re-used is raised constantly. To evaluate impact of application of P and T on CANDU SNFs in the perspective of disposal, DGR system concept for radioactive waste from pyroprocessing of CANDU SNFs based on material balance version 2.6.0 is developed in this study. The disposal area is expected to be about 20,800 m 2 for disposal of 842,000 CANDU fuel bundles.

Development of DGR System Concept for Radioactive Waste from Pyro-processing of CANDU SNFs

Energy Technology Data Exchange (ETDEWEB)

Kim, In Young; Choi, Heui Joo; Lee, Jong Youl; Lee, Minsoo; Kim, Hyeon A [KAERI, Daejeon (Korea, Republic of)

2016-05-15

In this study, DGR concept for radioactive waste from pyro-processing of CANDU SNFs is developed. Identical material balance for PWR (MB 2.6.0) and mass ratio of radioactive nuclides to binding material for LiCl-KCl waste is applied to determine specification of waste form, packing/disposal canister. Optimum thermal dimensioning is estimated to be 40 m for disposal tunnel and 8 m for disposal hole pitch through ABAQUS thermal analyses. To reduce volume and toxicity of PWR SNFs, the P and T technology using pyro-processing and SFR is under development in KAERI. CANDU SNFs are not considered as a subject of P and T because of its low fissile content caused by use of natural uranium as a fuel material. However, contention that not only PWR SNFs but also CANDU SNFs must be re-used is raised constantly. To evaluate impact of application of P and T on CANDU SNFs in the perspective of disposal, DGR system concept for radioactive waste from pyroprocessing of CANDU SNFs based on material balance version 2.6.0 is developed in this study. The disposal area is expected to be about 20,800 m{sup 2} for disposal of 842,000 CANDU fuel bundles.

A Probabilistic Consideration on Nuclide Releases from a Pyro-processed Waste Repository

Energy Technology Data Exchange (ETDEWEB)

Lee, Youn Myoung; Jeong, Jong Tae [Korea Atomic Energy Research Institute, Daejeon (Korea, Republic of)

2012-05-15

Very recently, a GoldSim template program, GSTSPA, for a safety assessment of a conceptual hybrid-typed repository system, called 'A-KRS,' in which two kinds of pyroprocessed radioactive wastes, low-level metal wastes and ceramic high-level wastes that arise from the pyroprocessing of PWR nuclear spent fuels, has been developed and is to be disposed of by 'separate disposal' strategies. The A-KRS is considered to be constructed at two different depths in geological media: at a 200m depth, at which a possible human intrusion is considered to be limited after closure, for the pyroprocessed metal wastes with lower or no decay heat producing nuclides, and at a 500m depth, believed to be the reducing condition for nuclides with a rather higher radioactivity and heat generation rate. This program is ready for a probabilistic total system performance assessment (TSPA) which is able to evaluate nuclide release from the repository and farther transport into the geosphere and biosphere under various normal, disruptive natural and manmade events, and scenarios that can occur after a failure of a waste package and canister with associated uncertainty. To quantify the nuclide release and transport through the various possible pathways in the near- and far-fields of the A-KRS repository system under a normal groundwater flow scenario, some illustrative evaluations have been made through this study. Even though all parameter values associated with the A-KRS were assumed for the time being, the illustrative results should be informative since the evaluation of such releases is very important not only in view of the safety assessment of the repository, but also for design feedback of its performance

A Probabilistic Consideration on Nuclide Releases from a Pyro-processed Waste Repository

International Nuclear Information System (INIS)

Lee, Youn Myoung; Jeong, Jong Tae

2012-01-01

Very recently, a GoldSim template program, GSTSPA, for a safety assessment of a conceptual hybrid-typed repository system, called 'A-KRS,' in which two kinds of pyroprocessed radioactive wastes, low-level metal wastes and ceramic high-level wastes that arise from the pyroprocessing of PWR nuclear spent fuels, has been developed and is to be disposed of by 'separate disposal' strategies. The A-KRS is considered to be constructed at two different depths in geological media: at a 200m depth, at which a possible human intrusion is considered to be limited after closure, for the pyroprocessed metal wastes with lower or no decay heat producing nuclides, and at a 500m depth, believed to be the reducing condition for nuclides with a rather higher radioactivity and heat generation rate. This program is ready for a probabilistic total system performance assessment (TSPA) which is able to evaluate nuclide release from the repository and farther transport into the geosphere and biosphere under various normal, disruptive natural and manmade events, and scenarios that can occur after a failure of a waste package and canister with associated uncertainty. To quantify the nuclide release and transport through the various possible pathways in the near- and far-fields of the A-KRS repository system under a normal groundwater flow scenario, some illustrative evaluations have been made through this study. Even though all parameter values associated with the A-KRS were assumed for the time being, the illustrative results should be informative since the evaluation of such releases is very important not only in view of the safety assessment of the repository, but also for design feedback of its performance

IFR electrorefining process

International Nuclear Information System (INIS)

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)

Influence of Groundwater Flow Rate on Nuclide Releases from Pyro-processed Waste Repository

International Nuclear Information System (INIS)

Lee, Youn Myoung; Jeong, Jong Tae

2011-01-01

Since the early 2000s several template programs for the safety assessment of a high-level radioactive waste repository as well as a low- and intermediate level radioactive waste repository systems have been developed by utilizing GoldSim and AMBER at KAERI. Very recently, another template program for a conceptual hybrid-typed repository system, called 'A-KRS' in which two kinds of pyroprocessed radioactive wastes, low-level metal wastes and ceramic high-level wastes that arise from pyroprocessing of PWR nuclear spent fuels has been developed and are to be disposed of by separate disposal strategies. The A-KRS is considered to be constructed at two different depths in geological media: 200m depth, at which a possible human intrusion is considered to be limited after closure, for the pyroprocessed metal wastes with lower or no decay heat producing nuclides, and 500m depth, believed to be in the reducing condition for nuclides with a rather higher radioactivity and heat generation rate. This program is ready for total system performance assessment which is able to evaluate nuclide release from the repository and farther transport into the geosphere and biosphere under various normal, disruptive natural and manmade events, and scenarios that can occur after a failure of waste package and canister. To quantify a nuclide release and transport through the possible various pathways especially in the near-fields of the A-KRS repository system, some illustrative evaluations have been made through the study. Even though all parameter values associated with the A-KRS were assumed for the time being, the illustrative results should be informative since the evaluation of such releases is very important not only in view of the safety assessment of the repository, but also for design feedback of its performance

Status of IFR fuel cycle demonstration

International Nuclear Information System (INIS)

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

Preliminary conceptual design of a geological disposal system for high-level wastes from the pyroprocessing of PWR spent fuels

Energy Technology Data Exchange (ETDEWEB)

Choi, Heui-Joo, E-mail: hjchoi@kaeri.re.kr [Korea Atomic Energy Research Institute, 1045 Daeduk-Daero, Yuseong, Daejon 305-353 (Korea, Republic of); Lee, Minsoo; Lee, Jong Youl [Korea Atomic Energy Research Institute, 1045 Daeduk-Daero, Yuseong, Daejon 305-353 (Korea, Republic of)

2011-08-15

Highlights: > A geological disposal system consists of disposal overpacks, a buffer, and a deposition hole or a disposal tunnel for high-level wastes from a pyroprocessing of PWR spent fuels is proposed. The amount and characteristics of high-level wastes are analyzed based on the material balance of pyroprocessing. > Four kinds of deposition methods, two horizontal and two vertical, are proposed. Thermal design is carried out with ABAQUS program. The spacing between the disposal modules is determined for the peak temperature in buffer not to exceed 100 deg. C. > The effect of the double-layered buffer is compared with the traditional single-layered buffer in terms of disposal density. Also, the effect of cooling time (aging) is illustrated. > All the thermal calculations are represented by comparing the disposal area of PWR spent fuels with the same cooling time. - Abstract: The inventories of spent fuels are linearly dependent on the production of electricity generated by nuclear energy. Pyroprocessing of PWR spent fuels is one of promising technologies which can reduce the volume of spent fuels remarkably. The properties of high-level wastes from the pyroprocessing are totally different from those of spent fuels. A geological disposal system is proposed for the high-level wastes from pyroprocessing of spent fuels. The amount and characteristics of high-level wastes are analyzed based on the material balance of pyroprocessing. Around 665 kg of monazite ceramic wastes are expected from the pyroprocessing of 10 MtU of PWR spent fuels. Decay heat from monazite ceramic wastes is calculated using the ORIGEN-ARP program. Disposal modules consisting of storage cans, overpacks, and a deposition hole or a disposal tunnel are proposed. Four kinds of deposition methods are proposed. Thermal design is carried out with ABAQUS program and geological data obtained from the KAERI Underground Research Tunnel. Through the thermal analysis, the spacing between the disposal modules

New high-level waste management technology for IFR pyroprocessing wastes

International Nuclear Information System (INIS)

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

Fuel cycle and waste management demonstration in the IFR Program

International Nuclear Information System (INIS)

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

Development and characterization of new high-level waste form containing LiCl KCl eutectic salts for achieving waste minimization from pyroprocessing

International Nuclear Information System (INIS)

Cho, Yong Zun; Kim, In Tae; Park, Hwan Seo; Ahn, Byeung Gil; Eun, Hee Chul; Son, Seock Mo; Ah, Su Na

2011-12-01

The purpose of this project is to develop new high level waste (HLW) forms and fabrication processes to dispose of active metal fission products that are removed from electrorefiner salts in the pyroprocessing based fuel cycle. The current technology for disposing of active metal fission products in pyroprocessing involves non selectively discarding of fission product loaded salt in a glass-bonded sodalite ceramic waste form. Selective removal of fission products from the molten salt would greatly minimize the amount of HLW generated and methods were developed to achieve selective separation of fission products during a previous I NERI research project (I NERI 2006 002 K). This I NERI project proceeds from the previous project with the development of suitable waste forms to immobilize the separated fission products. The Korea Atomic Energy Research Institute (KAERI) has focused primarily on developing these waste forms using surrogate waste materials, while the Idaho National Laboratory (INL) has demonstrated fabrication of these waste forms using radioactive electrorefiner salts in hot cell facilities available at INL. Testing and characterization of these radioactive materials was also performed to determine the physical, chemical, and durability properties of the waste forms

Pyroprocessing technology development at KAERI

International Nuclear Information System (INIS)

Lee, Han Soo; Park, Geun Il; Kang, Kweon Ho; Hur, Jin Mok; Kim, Jeong Guk; Ahn, Do Hee; Cho, Yung Zun; Kim, Eung Ho

2011-01-01

Pyroprocessing technology was developed in the beginning for metal fuel treatment in the US in the 1960s. The conventional aqueous process, such as PUREX, is not appropriate for treating metal fuel. Pyroprocessing technology has advantages over the aqueous process: less proliferation risk, treatment of spent fuel with relatively high heat and radioactivity, compact equipment, etc. The addition of an oxide reduction process to the pyroprocessing metal fuel treatment enables handling of oxide spent fuel, which draws a potential option for the management of spent fuel from the PWR. In this context, KAERI has been developing pyroprocessing technology to handle the oxide spent fuel since the 1990s. This paper describes the current status of pyroprocessing technology development at KAERI from the head-end process to the waste treatment. A unit process with various scales has been tested to produce the design data associated with the scale up. A performance test of unit processes integration will be conducted at the PRIDE facility, which will be constructed by early 2012. The PRIDE facility incorporates the unit processes all together in a cell with an Ar environment. The purpose of PRIDE is to test the processes for unit process performance, operability by remote equipment, the integrity of the unit processes, process monitoring, Ar environment system operation, and safeguards related activities. The test of PRIDE will be promising for further pyroprocessing technology development

Waste management in IFR [Integral Fast Reactor] fuel cycle

International Nuclear Information System (INIS)

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

PYRO - new capability for isotopic mass tracking in pyroprocess simulation

International Nuclear Information System (INIS)

Liaw, J.R.; Ackerman, J.P.

1990-01-01

A new computational code package called PYRO has been developed to support the IFR fuel recycle demonstration project in the HFEF/S facility at ANL-W. The basic pyrochemical code PYRO1 1 models the atomic mass flows and phase compositions of 48 essential chemical elements involved in the pyroprocess. It has been extended to PYRO1 2 by linking with the ORIGEN code to track more than 1000 isotopic species, their radioactive decays, and related phenomena. This paper first describes the pyroprocess to be modeled and the pyrochemical capability that has been implemented in PYRO1 1 , and then gives a full account on the algorithm of extending it to PYRO1 2 for isotopic mass tracking. Results from several scoping and simulation runs will be discussed to illustrate the significance of modeling in process radioactive decays

PYRO: New capability for isotopic mass tracking in pyroprocess simulation

International Nuclear Information System (INIS)

Liaw, J.R.; Ackerman, J.P.

1990-01-01

A new computational code package called PYRO has been developed to support the IFR fuel recycle demonstration project in the HFEF/S facility at ANL-W. The basic pyrochemical code PYRO1-1 models the atomic mass flows and phase compositions of 48 essential chemical elements involved in the pyroprocess. It has been extended to PYRO1-2 by linking with the ORIGEN code to track more than 1000 isotopic species, their radioactive decays, and related phenomena. This paper first describes the pyroprocess to be modeled and the pyrochemical capability that has been implemented in PYRO1-1, and then gives a full account on the algorithm of extending it to PYRO1-2 for isotopic mass tracking. Results from several scoping and simulation runs will be discussed to illustrate the significance of modeling in-process radioactive decays. 16 refs., 8 figs., 2 tabs

Modifications to HFEF/S for IFR fuel cycle demonstration

International Nuclear Information System (INIS)

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

Current Status of Pyroprocessing Development at KAERI

Directory of Open Access Journals (Sweden)

Hansoo Lee

2013-01-01

Full Text Available Pyroprocessing technology has been actively developed at Korea Atomic Energy Research Institute (KAERI to meet the necessity of addressing spent fuel management issue. This technology has advantages over aqueous process such as less proliferation risk, treatment of spent fuel with relatively high heat and radioactivity, and compact equipments. This paper describes the pyroprocessing technology development at KAERI from head-end process to waste treatment. The unit process with various scales has been tested to produce the design data associated with scale-up. Pyroprocess integrated inactive demonstration facility (PRIDE was constructed at KAERI and it began test operation in 2012. The purpose of PRIDE is to test the process regarding unit process performance, remote operation of equipments, integration of unit processes, scale-up of process, process monitoring, argon environment system operation, and safeguards-related activities. The test of PRIDE will be promising for further pyroprocessing technology development.

Actinide recycle potential in the integral fast reactor

International Nuclear Information System (INIS)

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. In the IFR pyroprocessing, minor actinides accompany plutonium product stream, and therefore, actinide recycle occurs naturally. The fast neutron spectrum of the IFR makes it an ideal actinide burner, as well. This paper discusses technical features of the IFR fuel cycle, its technical progress, the development status, and potential implications on long-term waste management

Treatment of high-level wastes from the IFR fuel cycle

International Nuclear Information System (INIS)

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

Treatment of high-level wastes from the IFR fuel cycle

Energy Technology Data Exchange (ETDEWEB)

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.

Treatment of high-level wastes from the IFR fuel cycle

Energy Technology Data Exchange (ETDEWEB)

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.

Immobilization of IFR salt wastes in mortar

International Nuclear Information System (INIS)

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

Immobilization of IFR salt wastes in mortar

International Nuclear Information System (INIS)

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

Development of High-Level Safety Requirements for a Pyroprocessing Facility

Energy Technology Data Exchange (ETDEWEB)

Seo, Seok Jun; Jo, Woo Jin; You, Gil Sung; Choung, Won Myung; Lee, Ho Hee; Kim, Hyun Min; Jeon, Hong Rae; Ku, Jeong Hoe; Lee, Hyo Jik [KAERI, Daejeon (Korea, Republic of)

2016-05-15

Korea Atomic Energy Research Institute (KAERI) has been developing a pyroproceesing technology to reduce the waste volume and recycle some elements. The pyroprocessing includes several treatment processes which are related with not only radiological and physical but also chemical and electrochemical properties. Thus, it is of importance to establish safety design requirements considering all the aspects of those properties for a reliable pyroprocessing facility. In this study, high-level requirements are presented in terms of not only radiation protection, nuclear criticality, fire protection, and seismic safety but also confinement and chemical safety for the unique characteristics of a pyroprocessing facility. Several high-level safety design requirements such as radiation protection, nuclear criticality, fire protection, seismic, confinement, and chemical processing were presented for a pyroprocessing facility. The requirements must fulfill domestic and international safety technology standards for a nuclear facility. Furthermore, additional requirements should be considered for the unique electrochemical treatments in a pyroprocessing facility.

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

International Nuclear Information System (INIS)

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)

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

International Nuclear Information System (INIS)

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

Partition of actinides and fission products between metal and molten salt phases: Theory, measurement, and application to IFR pyroprocess development

International Nuclear Information System (INIS)

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

1993-01-01

The chemical basis of Integral Fast Reactor fuel reprocessing (pyroprocessing) is partition of fuel, cladding, and fission product elements between molten LiCl-KCl and either a solid metal phase or a liquid cadmium phase. The partition reactions are described herein, and the thermodynamic basis for predicting distributions of actinides and fission products in the pyroprocess is discussed. The critical role of metal-phase activity coefficients, especially those of rare earth and the transuranic elements, is described. Measured separation factors, which are analogous to equilibrium constants but which involve concentrations rather than activities, are presented. The uses of thermodynamic calculations in process development are described, as are computer codes developed for calculating material flows and phase compositions in pyroprocessing

Partition of actinides and fission products between metal and molten salt phases: Theory, measurement, and application to IFR pyroprocess development

Energy Technology Data Exchange (ETDEWEB)

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

1993-10-01

The chemical basis of Integral Fast Reactor fuel reprocessing (pyroprocessing) is partition of fuel, cladding, and fission product elements between molten LiCl-KCl and either a solid metal phase or a liquid cadmium phase. The partition reactions are described herein, and the thermodynamic basis for predicting distributions of actinides and fission products in the pyroprocess is discussed. The critical role of metal-phase activity coefficients, especially those of rare earth and the transuranic elements, is described. Measured separation factors, which are analogous to equilibrium constants but which involve concentrations rather than activities, are presented. The uses of thermodynamic calculations in process development are described, as are computer codes developed for calculating material flows and phase compositions in pyroprocessing.

Update on development of the IFR pyroprocess

International Nuclear Information System (INIS)

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

A analysis of molten salt separation system for nuclear wastes transmutation

Energy Technology Data Exchange (ETDEWEB)

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)

A Glass-Ceramic Waste Forms for the Immobilization of Rare Earth Oxides from the Pyroprocessing Waste salt

International Nuclear Information System (INIS)

Ahn, Byung-Gil; Park, Hwan-Seo; Kim, Hwan-Young; Kim, In-Tae

2008-01-01

The fission product of rare earth (RE) oxide wastes are generates during the pyroprocess . Borosilicate glass or some ceramic materials such as monazite, apatite or sodium zirconium phosphate (NZP) have been a prospective host matrix through lots of experimental results. Silicate glasses have long been the preferred waste form for the immobilization of HLW. In immobilization of the RE oxides, the developed process on an industrial scale involves their incorporation into a glass matrix, by melting under 1200 ∼ 1300 .deg. C. Instead of the melting process, glass powder sintering is lower temperature (∼ 900 .deg. C) required for the process which implies less demanding conditions for the equipment and a less evaporation of volatile radionuclides. This study reports the behaviors, direct vitrification of RE oxides with glass frit, glass powder sintering of REceramic with glass frit, formation of RE-apatite (or REmonazite) ceramic according to reaction temperature, and the leach resistance of the solidified waste forms

Technologies for destruction of long-lived radionuclides in high-level nuclear waste: Overview and requirements

International Nuclear Information System (INIS)

Arthur, E.D.

1993-01-01

This paper, and this topical session on Nuclear Waste Minimization, Management and Remediation, focuses on two nuclear systems, and their associated technologies, that have the potential to address concerns surrounding long-lived radionuclides in high-level waste. Both systems offer technology applicable to HLW from present light-water reactors (LWR). Additionally these systems represent advanced nuclear power concepts that have important features associated with integrated management of wastes, long-term fuel supplies, and enhanced safety. The first system is the Integral Fast Reactor (IFR) concept. This system incorporates a metal-fueled fast reactor coupled with chemical separations based on pyroprocessing to produce power while simultaneously burning long-lived actinide waste. IFR applications include burning of actinides from current LWR spent fuel and energy production in a breeder environment. The second concept, Accelerator Transmutation of Waste (ATW), is based upon an accelerator-induced intense source of thermal neutrons and is aimed at destruction of long-lived actinides and fission products. This concept can be applied to long-lived radionuclides in spent fuel HLW as well as a future fission power source built around use of natural thorium or uranium as fuels coupled with concurrent waste destruction

Use of pyroprocessing in the preparation of spent fuel for transmutation

Energy Technology Data Exchange (ETDEWEB)

Laidler, J.J. [Argonne National Laboratory, IL (United States)

1995-10-01

Pyrochemical processing, or {open_quotes}pyroprocessing,{close_quotes} of spent fuel offers a number of unique advantages, particularly in comparison with coventional aqueous solvent extraction techniques. Pyroprocessing, in its present version, has been under development for nearly ten years. Emphasis has been placed on the development of a simple, efficient process that features compact, inexpensive process equipment. Particular attention has been paid to the minimization of waste volumes and to the development of a process that is both economic and environmentally sound as well as proliferation-resistant.

Actinide burning in the integral fast reactor

International Nuclear Information System (INIS)

Chang, Y.I.

1993-01-01

During the past few years, Argonne National Laboratory has been developing the integral fast reactor (IFR), an advanced liquid-metal reactor concept. In the IFR, the inherent properties of liquid-metal cooling are combined with a new metallic fuel and a radically different refining process to allow breakthroughs in passive safety, fuel cycle economics, and waste management. A key feature of the IFR concept is its unique pyroprocessing. Pyroprocessing has the potential to radically improve long-term waste management strategies by exploiting the following attributes: 1. Minor actinides accompany plutonium product stream; therefore, actinide recycling occurs naturally. Actinides, the primary source of long-term radiological toxicity, are removed from the waste stream and returned to the reactor for in situ burning, generating useful energy. 2. High-level waste volume from pyroprocessing call be reduced substantially as compared with direct disposal of spent fuel. 3. Decay heat loading in the repository can be reduced by a large factor, especially for the long-term burden. 4. Low-level waste generation is minimal. 5. Troublesome fission products, such as 99 Tc, 129 I, and 14 C, are contained and immobilized. Singly or in combination, the foregoing attributes provide important improvements in long-term waste management in terms of the ease in meeting technical performance requirements (perhaps even the feasibility of demonstrating that technical performance requirements can be met) and perhaps also in ultimate public acceptance. Actinide recycling, if successfully developed, could well help the current repository program by providing an opportunity to enhance capacity utilization and by deferring the need for future repositories. It also represents a viable technical backup option in the event unforeseen difficulties arise in the repository licensing process

Investigations for the Recycle of Pyroprocessed Uranium

Science.gov (United States)

Westphal, B. R.; Price, J. C.; Chambers, E. E.; Patterson, M. N.

Given the renewed interest in uranium from the pyroprocessing of used nuclear fuel in a molten salt system, the two biggest hurdles for marketing the uranium are radiation levels and transuranic content. A radiation level as low as possible is desired so that handling operations can be performed directly with the uranium. The transuranic content of the uranium will affect the subsequent waste streams generated and, thus also should be minimized. Although the pyroprocessing technology was originally developed without regard to radiation and transuranic levels, adaptations to the process have been considered. Process conditions have been varied during the distillation and casting cycles of the process with increasing temperature showing the largest effect on the reduction of radiation levels. Transuranic levels can be reduced significantly by incorporating a pre-step in the salt distillation operation to remove a majority of the salt prior to distillation.

Spent fuel pyroprocessing demonstration

International Nuclear Information System (INIS)

McFarlane, L.F.; Lineberry, M.J.

1995-01-01

A major element of the shutdown of the US liquid metal reactor development program is managing the sodium-bonded spent metallic fuel from the Experimental Breeder Reactor-II to meet US environmental laws. Argonne National Laboratory has refurbished and equipped an existing hot cell facility for treating the spent fuel by a high-temperature electrochemical process commonly called pyroprocessing. Four products will be produced for storage and disposal. Two high-level waste forms will be produced and qualified for disposal of the fission and activation products. Uranium and transuranium alloys will be produced for storage pending a decision by the US Department of Energy on the fate of its plutonium and enriched uranium. Together these activities will demonstrate a unique electrochemical treatment technology for spent nuclear fuel. This technology potentially has significant economic and technical advantages over either conventional reprocessing or direct disposal as a high-level waste option

A status report on the integral fast reactor fuels and safety program

International Nuclear Information System (INIS)

Pedersen, D.R.; Seidel, B.R.

1990-01-01

The integral fast reactor (IFR) is an advanced liquid-metal-cooled reactor (ALMR) concept being developed at Argonne National Laboratory. The IFR program is specifically responsible for the irradiation performance, advanced core design, safety analysis, and development of the fuel cycle for the US Department of Energy's ALMR program. The basic elements of the IFR concept are (a) metallic fuel, (b) liquid-sodium cooling, (c) modular, pool-type reactor configuration, (d) an integral fuel cycle based upon pyrometallurgical processing. The most significant safety aspects of the IFR program result from its unique fuel design, a ternary alloy of uranium, plutonium, and zirconium. This fuel is based on experience gained through > 25 yr operation of the Experimental Breeder Reactor II (EBR-II) with a uranium alloy metallic fuel. The ultimate criteria for fuel pin design is the overall integrity at the target burnup. The probability of core meltdown is remote; however, a theoretical possibility of core meltdown remains. The next major step in the IFR development program will be a full-scale pyroprocessing demonstration to be carried out in conjunction with EBR-II. The IFR fuel cycle closure based on pyroprocessing will also have a dramatic impact on waste management options and on actinide recycling

Preliminary conceptual study of engineering-scale pyroprocess demonstration facility

International Nuclear Information System (INIS)

Moon, Seong-In; Chong, Won-Myung; You, Gil-Sung; Ku, Jeong-Hoe; Kim, Ho-Dong

2013-01-01

Highlights: ► The conceptual design of a pyroprocess demonstration facility was performed. ► The design requirements for the pyroprocess hot cell and equipment were determined. ► The maintenance concept for the pyroprocess hot cell was presented. -- Abstract: The development of an effective management technology of spent fuel is important to enhance environmental friendliness, cost viability and proliferation resistance. In Korea, pyroprocess technology has been considered as a fuel cycle option to solve the spent fuel accumulation problems. PRIDE (PyRoprocess Integrated inactive DEmonstration facility) has been developed from 2007 to 2012 in Korea as a cold test facility to support integrated pyroprocessing and an equipment demonstration, which is essential to verify the pyroprocess technology. As the next stage of PRIDE, the design requirements of an engineering-scale demonstration facility are being developed, and the preliminary conceptual design of the facility is being performed for the future. In this paper, the main design requirements for the engineering-scale pyroprocess demonstration facility were studied in the throughput of 10tHM a year. For the preliminary conceptual design of the facility, the design basis of the pyroprocess hot cell was suggested, and the main equipment, main process area, operation area, maintenance area, and so on were arranged in consideration of the effective operation of the hot cells. Also, the argon system was designed to provide and maintain a proper inert environment for the pyroprocess. The preliminary conceptual design data will be used to review the validity of the engineering-scale pyroprocess demonstration facility that enhances both safety and nonproliferation

Basic requirements for a preliminary conceptual design of the Korea advanced pyroprocess facility (KAPF)

Energy Technology Data Exchange (ETDEWEB)

Lee, Ho Hee; Ko, Won Il; Chang, Hong Lae; Song, Dae Yong; Kwon, Eun Ha; Lee, Jung Won [Korea Atomic Energy Research Institute, Daejeon (Korea, Republic of)

2008-12-15

Korea Atomic Energy Research Institute (KAERI) has been developing technologies for pyroprocessing for spent PWR fuels. This study is part of a long term R and D program in Korea to develop an advanced recycle system that has the potential to meet and exceed the proliferation resistance, waste minimization, resource minimization, safety and economic goals of approved Korean Government energy policy, as well as the Generation IV International Forum (GIF) program. To support this R and D program, KAERI requires that an independent estimate be made of the conceptual design and cost for construction and operation of a 'Korea Advanced Pyroprocessing Facility', This document describes the basic requirements for preliminary conceptual design of the Korea Advanced Pyroprocess Facility (KAPF). The presented requirements will be modified to be more effective and feasible on an engineering basis during the subsequent design process.

Basic requirements for a preliminary conceptual design of the Korea advanced pyroprocess facility (KAPF)

International Nuclear Information System (INIS)

Lee, Ho Hee; Ko, Won Il; Chang, Hong Lae; Song, Dae Yong; Kwon, Eun Ha; Lee, Jung Won

2008-12-01

Korea Atomic Energy Research Institute (KAERI) has been developing technologies for pyroprocessing for spent PWR fuels. This study is part of a long term R and D program in Korea to develop an advanced recycle system that has the potential to meet and exceed the proliferation resistance, waste minimization, resource minimization, safety and economic goals of approved Korean Government energy policy, as well as the Generation IV International Forum (GIF) program. To support this R and D program, KAERI requires that an independent estimate be made of the conceptual design and cost for construction and operation of a 'Korea Advanced Pyroprocessing Facility', This document describes the basic requirements for preliminary conceptual design of the Korea Advanced Pyroprocess Facility (KAPF). The presented requirements will be modified to be more effective and feasible on an engineering basis during the subsequent design process

Preliminary design of a production automation framework for a pyroprocessing facility

Directory of Open Access Journals (Sweden)

Moonsoo Shin

2018-04-01

Full Text Available Pyroprocessing technology has been regarded as a promising solution for recycling spent fuel in nuclear power plants. The Korea Atomic Energy Research Institute has been studying the current status of equipment and facilities for pyroprocessing and found that existing facilities are manually operated; therefore, their applications have been limited to laboratory scale because of low productivity and safety concerns. To extend the pyroprocessing technology to a commercial scale, the facility, including all the processing equipment and the material-handling devices, should be enhanced in view of automation. In an automated pyroprocessing facility, a supervised control system is needed to handle and manage material flow and associated operations. This article provides a preliminary design of the supervising system for pyroprocessing. In particular, a manufacturing execution system intended for an automated pyroprocessing facility, named Pyroprocessing Execution System, is proposed, by which the overall production process is automated via systematic collaboration with a planning system and a control system. Moreover, a simulation-based prototype system is presented to illustrate the operability of the proposed Pyroprocessing Execution System, and a simulation study to demonstrate the interoperability of the material-handling equipment with processing equipment is also provided. Keywords: Manufacturing Execution System, Material-handling, Production Automation, Production Planning and Control, Pyroprocessing, Pyroprocessing Execution System

An International Peer Review of the Programme for the Deep Geological Disposal of High Level Radioactive Waste from Pyro-Processing in the Republic of Korea. Report of an IAEA International Review Team

International Nuclear Information System (INIS)

2013-09-01

The development of a radioactive waste disposal system is indispensable in maintaining the sustainability of nuclear energy. The Korea Atomic Energy Research Institute (KAERI) has studied the direct geological disposal of spent nuclear fuel since 1997. KAERI has also focused on the development of processes suitable for reducing the volume of spent nuclear fuel and the recycling of valuable fissile material. One of the most promising technologies investigated by KAERI is the pyro-processing of spent nuclear fuel followed by the geological disposal of the generated high level waste (HLW). Since 2007, KAERI has been running a research programme focusing on the recycling of spent nuclear fuel, as well as studies aimed at the development of a relevant geological disposal system able to accept the resulting HLW. The core aims of the KAERI study were to characterize the geological media, design a repository system and assess the overall safety of the disposal system. The development of pyro-processing technology is ongoing and has not yet been demonstrated at the commercial level. Thus, the government of the Republic of Korea requested an assessment of the technical feasibility of this technology. The assessment also included the appraisal of a disposal solution for waste generated by pyro-processing. With regard to the latter, KAERI requested that the IAEA review the status of the disposal project within the Waste Management Assessment and Technical Review Programme (WATRP). Peer reviews are increasingly being acknowledged as an important element in building broader stakeholder confidence in the safety and viability of related facilities. This report presents the consensus view of the international group of experts convened by the IAEA to perform the review

General Guidelines for Remote Operation and Maintenance of Pyroprocess Equipment

Energy Technology Data Exchange (ETDEWEB)

Kim, S. H.; Park, B. S.; Park, H. S.; Lee, H. J.; Choi, C. W.; Lee, J. K

2007-12-15

As the pyroprocess handle the high radioactive materials, a high radioactive material handling facility required high safety, radioactive shielding, strict quality control, and the remote handling equipment of high technology. This report describes the guidelines of for pyroprocess based the design guides for radioactive material handling facility and equipment from American Nuclear Society(ANS), design guidelines for remotely maintained equipment from Oak Ridge National Laboratory(ORNL), and the experience of design for ACP equipment installed at the ACPF(Advanced Conditioning Process Facility). The General guidelines in this report are as follows. The General guidelines for remote operation and maintenance of pyroprocess equipment: Pyroprocess, Remote handling equipment for pyroprocess, General guide for remote operation and maintenance, general guidelines for the design of remotely operated and maintained equipment, Estimation and analysis for remote maintenance.

Advanced liquid metal reactor development at Argonne National Laboratory during the 1980s

International Nuclear Information System (INIS)

Wade, D.C.

1990-01-01

Argonne National Laboratory's (ANL'S) effort to pursue the exploitation of liquid metal cooled reactor (LMR) characteristics has given rise to the Integral Fast Reactor (IFR) concept, and has produced substantial technical advancement in concept implementation which includes demonstration of high burnup capability of metallic fuel, demonstration of injection casting fabrication, integral demonstration of passive safety response, and technical feasibility of pyroprocessing. The first half decade of the 90's will host demonstration of the IFR closed fuel cycle technology at the prototype scale. The EBR-II reactor will be fueled with ternary alloy fuel in HT-9 cladding and ducts, and pyroprocessing and injection casting refabrication of EBR-II fuel will be conducted using near-commercial sized equipment at the Fuel cycle Facility (FCF) which is co-located adjacent to EBR-II. Demonstration will start in 1992. The demonstration of passive safety response achievable with the IFR design concept, (already done in EBR-II in 1986) will be repeated in the mid 90's using the IFR prototype recycle fuel from the FCF. The demonstration of scrubbing of the reprocessing fission product waste stream, with recycle of the transuranics to the reactor for consumption, will also occur in the mid 90's. 30 refs

Technologies for destruction of long-lived radionuclides in high-level nuclear waste - overview and requirements

International Nuclear Information System (INIS)

Arthur, E.D.

1993-01-01

A major issue surrounding current nuclear power generation is the management and disposal of long-lived, high-level waste (HLW). The planned and scientifically acceptable destination for this waste is in deep underground, geologically stable, repositories. However, public concerns surrounding such disposal of long-lived nuclear wastes and other issues such as proliferation and safety negatively affect the potential role that nuclear power can play in meeting current and future national energy needs. This paper and this topical session on nuclear waste minimization, management, and remediation focus on two nuclear systems and their associated technologies that have the potential to address concerns surrounding long-lived radionuclides in HLW. Both systems offer technology applicable to HLW from current light water reactors (LWRs). In addition, these systems represent advanced nuclear power concepts that have important features associated with integrated management of wastes long-term fuel supplies, and enhanced safety. The first system is the integral fast reactor (IFR) concept. This system incorporates a metal-fueled fast reactor coupled with chemical separations based on pyroprocessing to produce power while burning long-lived actinide waste. The IFR applications include the burning of actinides from current LWR spent fuel and energy production in a breeder environment. The second concept, accelerator transmutation of waste (ATW), is based on an accelerator-induced intense source of thermal neutrons and is aimed at the destruction of long-lived actinides and fission products. This concept can be applied to long-lived radionuclides in spent-fuel HLW as well as a future fission power source built around use of natural thorium or uranium as fuels coupled with concurrent waste destruction

Calcium-borosilicate glass-ceramics wasteforms to immobilize rare-earth oxide wastes from pyro-processing

Energy Technology Data Exchange (ETDEWEB)

Kim, Miae [Department of Materials Science and Engineering and Division of Advanced Nuclear Engineering, Pohang University of Science and Technology (POSTECH), Pohang, Gyeongbuk, 790-784 (Korea, Republic of); Heo, Jong, E-mail: jheo@postech.ac.kr [Department of Materials Science and Engineering and Division of Advanced Nuclear Engineering, Pohang University of Science and Technology (POSTECH), Pohang, Gyeongbuk, 790-784 (Korea, Republic of); Department of Materials Engineering, Adama Science and Technology University (ASTU), PO Box 1888, Adama (Ethiopia)

2015-12-15

Glass-ceramics containing calcium neodymium(cerium) oxide silicate [Ca{sub 2}Nd{sub 8-x}Ce{sub x}(SiO{sub 4}){sub 6}O{sub 2}] crystals were fabricated for the immobilization of radioactive wastes that contain large portions of rare-earth ions. Controlled crystallization of alkali borosilicate glasses by heating at T ≥ 750 °C for 3 h formed hexagonal Ca–silicate crystals. Maximum lanthanide oxide waste loading was >26.8 wt.%. Ce and Nd ions were highly partitioned inside Ca–silicate crystals compared to the glass matrix; the rare-earth wastes are efficiently immobilized inside the crystalline phases. The concentrations of Ce and Nd ions released in a material characterization center-type 1 test were below the detection limit (0.1 ppb) of inductively coupled plasma mass spectroscopy. Normalized release values performed by a product consistency test were 2.64·10{sup −6} g m{sup −2} for Ce ion and 2.19·10{sup −6} g m{sup −2} for Nd ion. Results suggest that glass-ceramics containing calcium neodymium(cerium) silicate crystals are good candidate wasteforms for immobilization of lanthanide wastes generated by pyro-processing. - Highlights: • Glass-ceramic wasteforms containing Ca{sub 2}Nd{sub 8-x}Ce{sub x}(SiO{sub 4}){sub 6}O{sub 2} crystals were synthesized to immobilize lanthanide wastes. • Maximum lanthanide oxide waste loading was >26.8 wt.%. • Ce and Nd ions were highly partitioned inside Ca–Nd–silicate crystals compared to glass matrix. • Amounts of Ce and Nd ions released in the material characterization center-type 1 were below the detection limit (0.1 ppb). • Normalized release values performed by a PCT were 2.64• 10{sup −6} g m{sup −2} for Ce ions and 2.19• 10{sup −6} g m{sup −2} for Nd ions.

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

International Nuclear Information System (INIS)

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

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

International Nuclear Information System (INIS)

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

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

Energy Technology Data Exchange (ETDEWEB)

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.

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

Energy Technology Data Exchange (ETDEWEB)

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.

Use of fast-spectrum reactors for actinide burning

International Nuclear Information System (INIS)

Chang, Yoon I.

1991-01-01

Finally, Integral Fast Reactor (IFR) pyroprocessing has been developed only in recent years and it appears to have potential as a relatively uncomplicated, effective actinide recovery process. In fact, actinide recycling occurs naturally in the IFR fuel cycle. Although still very much developmental, the entire IFR fuel cycle will be demonstrated on prototype-scale in conjunction with the EBR-II and its refurbished Fuel Cycle Facility starting in late 1991. A logical extension to this work, therefore, is to establish whether this IFR pyrochemical processing can be applied to extracting actinides from LWR spent fuel. This paper 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. 4 figs., 4 tabs

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

International Nuclear Information System (INIS)

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

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

Energy Technology Data Exchange (ETDEWEB)

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.

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

International Nuclear Information System (INIS)

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)

Casting of metallic fuel containing minor actinide additions

International Nuclear Information System (INIS)

Trybus, C.L.; Henslee, S.P.; Sanecki, J.E.

1992-01-01

A significant attribute of the Integral Fast Reactor (IFR) concept is the transmutation of long-lived minor actinide fission products. These isotopes require isolation for thousands of years, and if they could be removed from the waste, disposal problems would be reduced. The IFR utilizes pyroprocessing of metallic fuel to separate auranium, plutonium, and the minor actinides from nonfissionable constituents. These materials are reintroduced into the fuel and reirradiated. Spent IFR fuel is expected to contain low levels of americium, neptunium, and curium because the hard neutron spectrum should transmute these isotopes as they are produced. This opens the possibility of using an IFR to trnasmute minor actinide waste from conventional light water reactors (LWRs). A standard IFR fuel is based on the alloy U-20% Pu-10% Zr (in weight percent). A metallic fuel system eases the requirements for reprocessing methods and enables the minor actinide metals to be incorporated into the fuel with simple modifications to the basic fuel casting process. In this paper, the authors report the initial casting experience with minor actinide element addition to an IFR U-Pu-Zr metallic fuel

Depreciation cost for the capital investment of a pyroprocess facility

Energy Technology Data Exchange (ETDEWEB)

Kim, S. K.; Lee, S. H.; Ko, W. I. [Korea Atomic Energy Research Institute, Daejeon (Korea, Republic of)

2015-10-15

The pyroprocess produces U/TRU metal ingots using four important processes, pretreatment, electrochemical reduction, electrorefining and electrowinning, in order to recycle spent fuel. KAPF+'s capacity is shown the cost that is injected into the KAPF+. The pyroprocess unit cost is data that are essential for inputting to calculate the pyroprocess-Sodiumcooled Fast Reactor (SFR) nuclear fuel cycle cost. Moreover, since the pyroprocess facility's depreciation cost is included in the manufacturing indirect cost of the pyroprocess cost, it can become an important element for judging the pyroprocess' economic viability. Since the pyroprocess unit cost calculates the sum of the costs that are incurred each year by dividing with the total amount of U/TRU ingot produced, the pyroprocess unit cost uncertainty increases as well when the uncertainty of the costs incurred by each year increases. KAPF+, which is a commercialization facility, was set as the cost object, and the existing methods (straightline method and fixed percentage of declining-balance method) used today and the depreciation cost of the ADDM were subjected to a comparative analysis. The results are as follows. First, in case of the straight-line method that calculated the durable period as 40 years, and in case of ADDM that factored in a 5% deceleration rate, the difference in the depreciation costs of $65.26/kgHM and $119.05/kgHM resulted during the first and last years, respectively. Accordingly, it was analyzed that there is a significant difference in terms of the cost of the capital investment every year depending on the depreciation method. Secondly, since the depreciation cost is a component of the manufacturing indirect cost, it is necessary to maintain a trend that is similar to that of the direct labor cost in addition to the direct material cost.

Depreciation cost for the capital investment of a pyroprocess facility

International Nuclear Information System (INIS)

Kim, S. K.; Lee, S. H.; Ko, W. I.

2015-01-01

The pyroprocess produces U/TRU metal ingots using four important processes, pretreatment, electrochemical reduction, electrorefining and electrowinning, in order to recycle spent fuel. KAPF+'s capacity is shown the cost that is injected into the KAPF+. The pyroprocess unit cost is data that are essential for inputting to calculate the pyroprocess-Sodiumcooled Fast Reactor (SFR) nuclear fuel cycle cost. Moreover, since the pyroprocess facility's depreciation cost is included in the manufacturing indirect cost of the pyroprocess cost, it can become an important element for judging the pyroprocess' economic viability. Since the pyroprocess unit cost calculates the sum of the costs that are incurred each year by dividing with the total amount of U/TRU ingot produced, the pyroprocess unit cost uncertainty increases as well when the uncertainty of the costs incurred by each year increases. KAPF+, which is a commercialization facility, was set as the cost object, and the existing methods (straightline method and fixed percentage of declining-balance method) used today and the depreciation cost of the ADDM were subjected to a comparative analysis. The results are as follows. First, in case of the straight-line method that calculated the durable period as 40 years, and in case of ADDM that factored in a 5% deceleration rate, the difference in the depreciation costs of $65.26/kgHM and $119.05/kgHM resulted during the first and last years, respectively. Accordingly, it was analyzed that there is a significant difference in terms of the cost of the capital investment every year depending on the depreciation method. Secondly, since the depreciation cost is a component of the manufacturing indirect cost, it is necessary to maintain a trend that is similar to that of the direct labor cost in addition to the direct material cost

A Post Closure Safety Assessment for Radioactive Wastes from Advanced nuclear fuel Cycle

International Nuclear Information System (INIS)

Kang, Chul Hyung; Hwang, Yong Soo

2010-01-01

KAERI has developed the KIEP-21 (Korean, Innovative, Environmentally Friendly, and Proliferation Resistant System for the 21st Century). It is an advanced nuclear fuel cycle option with a pyro-process and a GEN-IV SFR. A pyro-process consists of two distinctive processes, an electrolytic reduction process and an electro-refining and winning process. When the pyro-process is applied, it generates five streams of wastes. To compare pyro-process advantage over the direct disposal of Spent Nuclear Fuel (SNF), the PWR SNF of the 45,000 MWD burn-up has been assumed. A safety assessment model for pyro-process wastes and representative results are presented in this report

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

International Nuclear Information System (INIS)

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

Discrete Event System Based Pyroprocessing Modeling and Simulation: Oxide Reduction

International Nuclear Information System (INIS)

Lee, H. J.; Ko, W. I.; Choi, S. Y.; Kim, S. K.; Hur, J. M.; Choi, E. Y.; Im, H. S.; Park, K. I.; Kim, I. T.

2014-01-01

Dynamic changes according to the batch operation cannot be predicted in an equilibrium material flow. This study began to build a dynamic material balance model based on the previously developed pyroprocessing flowsheet. As a mid- and long-term research, an integrated pyroprocessing simulator is being developed at the Korea Atomic Energy Research Institute (KAERI) to cope with a review on the technical feasibility, safeguards assessment, conceptual design of facility, and economic feasibility evaluation. The most fundamental thing in such a simulator development is to establish the dynamic material flow framework. This study focused on the operation modeling of pyroprocessing to implement a dynamic material flow. As a case study, oxide reduction was investigated in terms of a dynamic material flow. DES based modeling was applied to build a pyroprocessing operation model. A dynamic material flow as the basic framework for an integrated pyroprocessing was successfully implemented through ExtendSim's internal database and item blocks. Complex operation logic behavior was verified, for example, an oxide reduction process in terms of dynamic material flow. Compared to the equilibrium material flow, a model-based dynamic material flow provides such detailed information that a careful analysis of every batch is necessary to confirm the dynamic material balance results. With the default scenario of oxide reduction, the batch mass balance was verified in comparison with a one-year equilibrium mass balance. This study is still under progress with a mid-and long-term goal, the development of a multi-purpose pyroprocessing simulator that is able to cope with safeguards assessment, economic feasibility, technical evaluation, conceptual design, and support of licensing for a future pyroprocessing facility

Patent Analysis for Pyroprocessing of Spent Nuclear Fuels

International Nuclear Information System (INIS)

Yoo, Jae Hyung; Kim, Jung Kuk; Lee, Han Soo; Seo, In Seok; Kim, Eun Ka

2011-01-01

Analysis of foreign and domestic patents for pyroprocessing technology of spent nuclear fuels was carried out in this study. The current status of pyroprocessing technology development in such countries as Korea, USA, Japan and EU was analyzed by classifying the patents for 1975 through 2009 according to registration country, assignee, calendar year and technology area. The major assignees' activity indices were compared in order to find out whether there is any concentrated area of technical details. Technology competitiveness of the countries was also investigated from the information of patent citation number and family size. Furthermore, some essential unit technologies required for the commercialization of pyroprocessing were derived and examined in the aspect of the state of art as well as the trend of technology development.

Development of a Safeguards Approach for a Pyroprocessing Plant by IAEA Member State Support Program

International Nuclear Information System (INIS)

Shin, H. S.; Kim, H. D.; Song, D. Y.; Eom, S. H.; Lee, T. H.; Ahn, S. K.; Park, S. H.; Han, B. Y.; Choi, Y.

2012-01-01

The objective of this project is to analyze the safeguard ability of pyroprocess facility and to establish the safeguards system for pyroprocess by developing the technology of nuclear material accounting for unit process, surveillance technology and nuclear characteristic analysis technology which are needed to demonstrate the safeguards technology of pyroprocess. Therefore, the development of a safeguards approach for pyroprocessing facilities is required as the interest of pyroprocessing increases. Regarding this issue, the IAEA made a contract the 3-years long Member State Support Program (MSSP) for the 'Support for Development of a Safeguards Approach for a Pyroprocessing Plant' with the Republic of Korea (ROK) in July 2008. Even though the pyroprocess technology is currently being developed all over the world, its safeguards approach has not been established yet, and especially, nuclear material accountancy technology which is the core of safeguards has not been established as well. Therefore, the development of new accountancy technology which is appropriate for the construction of pyroprocess facility is needed. Due to the nature of the process, pyroprocess has various kinds of process material form, and the composition of Pu and U isotopes included in process material is not homogeneous. Also, the existing nuclear material accountancy technology for a wet reprocessing facility is hard to apply because of a large quantity of gamma-ray radiation which is emitted from the fissile products in process material. In this report, the study for the development of a safeguards approach for a pyroprocessing plant pyroprocessing has been described. As the previous results six pyroprocessing facility concepts suggested by US, Japan, and Republic of Korea had been summarized and analyzed, and the determination principles were established to determine a reference pyroprocessing facility concept. The reference pyroprocessing facility was determined to be the ESPF of KAERI

History, Status and Prospects on Development of Pyroprocess Technology

International Nuclear Information System (INIS)

Kim, Eung Ho; Lee, Han Soo; Park, Geunil; Seo, Chungseok; Ko, Wonil; Kim, Hodong; Choi, Jongwon

2013-01-01

The objective of this study is to evaluate prospects for a practical use of pyroprocess through analysis of current issues and status of pyroprocess technology development being performed at domestic and abroad. Following Fukushima accident, awareness about nuclear safety is further increasing and problems on safe management of used nuclear fuel has emerged as well. So, nuclear industrialized countries are developing recycling technology of used nuclear fuel, significantly reducing used fuel inventory that have cumulated. In this respects, there is a need to comprehensively summarize the technology developed at KAERI until now. In addition to, the current issues of pyroprocess for future R and D are suggested

The design rationale of the Integral Fast Reactor (IFR)

International Nuclear Information System (INIS)

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)

Preliminary conceptual design and cost estimation for Korea Advanced Pyroprocessing Facility Plus (KAPF+)

Energy Technology Data Exchange (ETDEWEB)

Ko, Won Il, E-mail: nwiko@kaeri.re.kr [Korea Atomic Energy Research Institute, 989-111, Daedeok-daero, Yuseong-gu, Daejeon 305-353 (Korea, Republic of); Lee, Ho Hee, E-mail: nhhlee@kaeri.re.kr [Korea Atomic Energy Research Institute, 989-111, Daedeok-daero, Yuseong-gu, Daejeon 305-353 (Korea, Republic of); Choi, Sungyeol, E-mail: csy@kaeri.re.kr [Korea Atomic Energy Research Institute, 989-111, Daedeok-daero, Yuseong-gu, Daejeon 305-353 (Korea, Republic of); Kim, Sung-Ki, E-mail: sgkim1@kaeri.re.kr [Korea Atomic Energy Research Institute, 989-111, Daedeok-daero, Yuseong-gu, Daejeon 305-353 (Korea, Republic of); Park, Byung Heung, E-mail: b.h.park@ut.ac.kr [Department of Chemical and Biological Engineering, Korea National University of Transportation, 50 Daehak-ro, Chungju-si, Chungbuk, 380-702 (Korea, Republic of); Lee, Hyo Jik, E-mail: hyojik@kaeri.re.kr [Korea Atomic Energy Research Institute, 989-111, Daedeok-daero, Yuseong-gu, Daejeon 305-353 (Korea, Republic of); Kim, In Tae, E-mail: nitkim@kaeri.re.kr [Department of Chemical and Biological Engineering, Korea National University of Transportation, 50 Daehak-ro, Chungju-si, Chungbuk, 380-702 (Korea, Republic of); Lee, Han Soo, E-mail: hslee5@kaeri.re.kr [Korea Atomic Energy Research Institute, 989-111, Daedeok-daero, Yuseong-gu, Daejeon 305-353 (Korea, Republic of)

2014-10-01

Highlights: • Conceptual design is created for a pilot pyroprocessing plant treating PWR spent fuel. • Pilot-scale design is based on a capacity of 400 tHM/yr with 60 years lifetime. • All individual processes are integrated into a single system from feed to products. • Overall facility design is developed for a pilot pyroprocessing plant. • Unit process cost is estimated for pyroprocessing with uncertainties. - Abstract: Korea has developed pyroprocessing technology as a potential option for recycling spent fuels (SFs) from pressurized water reactors (PWRs). The pyroprocessing consists of various key unit processes and a number of research activities have been focused on each process. However, to realize the whole pyroprocessing concept, there is a critical need for integrating the individual developments and addressing a material flow from feed to final products. In addition, the advancement on overall facility design is an indispensable aspect for demonstration and commercialization of the pyroprocessing. In this study, a facility named as Korea Advanced Pyroprocess Facility Plus (KAPF+) is conceptualized with a capacity of 400 tHM/yr. The process steps are categorized based on their own characteristics while the capacities of process equipment are determined based on the current technical levels. The facility concept with a site layout of 104,000 m{sup 2} is developed by analyzing the operation conditions and materials treated in each process. As an economic approach to the proposed facility, the unit cost (781 $/kgHM denominated in 2009 USD) for KAPF+ is also analyzed with the conceptual design with preliminary sensitivity assessments including decontamination and decommissioning costs, a discount rate, staffing costs, and plant lifetime. While classifying and describing cost details of KAPF+, this study compares the unit cost of KAPF+ treating PWR SF to that of the pyroprocessing facility treating sodium-cooled fast reactor (SFR) SF.

Status and Prospect of Safeguards By Design for Pyroprocessing Facility

International Nuclear Information System (INIS)

Kim, Ho-Dong; Shin, H.S.; Ahn, S.K.

2010-01-01

The concept of Safeguards-By-Design (SBD), which is proposed and developed by the United States and the IAEA, is now widely acknowledged as a fundamental consideration for the effective and efficient implementation of safeguards. The application of a SBD concept is of importance especially for developmental nuclear facilities which have new technological features and relevant challenges to their safeguards approach. At this point of time, the examination of the applicability of SBD on a pyroprocessing facility, which has been being developed in the Republic of Korea (ROK), would be meaningful. The ROK developed a safeguards system with the concept of SBD for Advanced spent fuel Conditioning Process Facility (ACPF) and DUPIC Fuel Development Facility (DFDF) before the SBD concept was formally suggested. Currently. The PRIDE (PyRoprocess Integrated Inactive Demonstration) facility for the demonstration of pyroprocess using 10 ton of non-radioactive nuclear materials per year is being constructed in the ROK. The safeguards system for the facility has been designed in cooperation with a facility designer from the design phase, and the safeguards system would be established according to the future construction schedule. In preparing the design of Engineering Scale Pyroprocess Facility (ESPF), which will use spent fuels in an engineering scale and be constructed in 2016, a research on the safeguards system for this facility is also being conducted. In this connection, a project to support for development of safeguards approach for a reference pyroprocessing facility has been carried out by KAERI in cooperation with KINAC and the IAEA through an IAEA Member State Support Program (MSSP). When this MSSP project is finished in August, 2011, a safeguards system model and safeguards approach for a reference pyroprocessing facility would be established. Maximizing these early experiences and results, a safeguards system of ESPF based on the concept of SBD would be designed and

Safeguards in Pyroprocessing: an Integrated Model Development and Measurement Data Analysis

Energy Technology Data Exchange (ETDEWEB)

Zhang, Jinsuo [The Ohio State Univ., Columbus, OH (United States). Nuclear Engineering Program, Dept. of Mechanical and Aerospace Engineering

2017-10-01

Pyroprocessing is an electrochemical method based on the molten salt electrolyte, mainly the LiCl-KCl eutectic molten salt, to recycle the used nuclear fuel. For a conceptual design of commercial pyroprocessing facility, tons of special nuclear materials, namely U and Pu, may be involved, which could be used for non-peaceful purposes if they are diverted. Effective safeguards approaches have to be developed prior to the development and construction of a pyroprocessing facility. Present research focused on two main objectives, namely calculating the properties of nuclear species in LiCl-KCl molten salt and developing integrated model to safeguard a pyroprocessing facility. Understanding the characteristics of special nuclear materials in LiCl-KCl eutectic salt is extremely important to understand their behaviors in an electrorefiner. The model development for the separation processes in the pyroprocessing, including electrorefining, actinide drawdown, and rare earth drawdown benefits the understanding of material transport and separation performance of these processes under various conditions. The output signals, such as potential, current, and species concentration contribute to the material balance closure and provide safeguards signatures to detect the scenarios of diversion. U and Pu are the two main elements concerned in this study due to our interest in safeguards.

Electrochemical Reduction Process for Pyroprocessing

Energy Technology Data Exchange (ETDEWEB)

Choi, Eun-Young; Hong, Sun-Seok; Park, Wooshin; Im, Hun Suk; Oh, Seung-Chul; Won, Chan Yeon; Cha, Ju-Sun; Hur, Jin-Mok [Korea Atomic Energy Research Institute, Daejeon (Korea, Republic of)

2014-06-15

Nuclear energy is expected to meet the growing energy demand while avoiding CO{sub 2} emission. However, the problem of accumulating spent fuel from current nuclear power plants which is mainly composed of uranium oxides should be addressed. One of the most practical solutions is to reduce the spent oxide fuel and recycle it. Next-generation fuel cycles demand innovative features such as a reduction of the environmental load, improved safety, efficient recycling of resources, and feasible economics. Pyroprocessing based on molten salt electrolysis is one of the key technologies for reducing the amount of spent nuclear fuel and destroying toxic waste products, such as the long-life fission products. The oxide reduction process based on the electrochemical reduction in a LiCl-Li{sub 2}O electrolyte has been developed for the volume reduction of PWR (Pressurized Water Reactor) spent fuels and for providing metal feeds for the electrorefining process. To speed up the electrochemical reduction process, the influences of the feed form for the cathode and the type of anode shroud on the reduction rate were investigated.

Assessment of activity-based pyroprocess costs for an engineering-scale facility in Korea

Energy Technology Data Exchange (ETDEWEB)

Kim, Sung Ki; Ko, Won Il [Nuclear Fuel Cycle Analysis Department, Korea Atomic Energy Research Institute, Daejeon (Korea, Republic of); Bang, Sung Sig [Dept. of Business and Technology Management, Korea Advanced Institute of Science and Technology, Daejeon (Korea, Republic of)

2015-12-15

This study set the pyroprocess facility at an engineering scale as a cost object, and presented the cost consumed during the unit processes of the pyroprocess. For the cost calculation, the activity based costing (ABC) method was used instead of the engineering cost estimation method, which calculates the cost based on the conceptual design of the pyroprocess facility. The calculation results demonstrate that the pyroprocess facility's unit process cost is $194/kgHM for pretreatment, $298/kgHM for electrochemical reduction, $226/kgHM for electrorefining, and $299/kgHM for electrowinning. An analysis demonstrated that the share of each unit process cost among the total pyroprocess cost is as follows: 19% for pretreatment, 29% for electrochemical reduction, 22% for electrorefining, and 30% for electrowinning. The total unit cost of the pyroprocess was calculated at $1,017/kgHM. In the end, electrochemical reduction and the electrowinning process took up most of the cost, and the individual costs for these two processes was found to be similar. This is because significant raw material cost is required for the electrochemical reduction process, which uses platinum as an anode electrode. In addition, significant raw material costs are required, such as for Li3PO4, which is used a lot during the salt purification process.

Recycle of LWR actinides to an IFR

International Nuclear Information System (INIS)

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.)

Pyro-processes and the wastes

International Nuclear Information System (INIS)

Kurata, Masaki; Tokiwai, Moriyasu; Inoue, Tadashi; Nishimura, Tomohiro

2000-01-01

Reprocessing using pyrometallurgical processes is generally considered to have economical benefits comparing with conventional aqueous processes because of the combination of simpler process and equipments, less criticality, and more compact facilities. On the other hand, the pyrometallurgical processes must generate peculiar wastes and R and D on those wastes is slightly inferior, as compared with the main processes. In this paper, process flows of major pyrometallurgical processes are firstly summarized and, then, the present R and D condition on the wastes are shown. (author)

Pyroprocess Deployment Analysis and Remote Accessibility Experiment using Digital Mockup and Simulation

International Nuclear Information System (INIS)

Kim, K. H.; Park, H. S.; Kim, S. H.; Choi, C. H.; Lee, H. J.; Park, B. S.; Yoon, G. S.; Kim, K. H.; Kim, H. D.

2009-11-01

Nuclear fuel cycle facility that treats with spent fuel must be designed and manufactured a Pyroprcess facility and process with considering a speciality as every process have to be processed remotely. To prevent an unexpected accident under a circumstance that must operate with a remote manipulator after done the Pyroprocess facility, an procedure related Pyroprocess operation and maintenance need to establish it in the early design stage. To develop the simulator that is mixed by 3D modelling and simulation, a system architecture was designed. A full-scale digital mockup with a real pyroprocess facility was designed and manufactured. An inverse kinematics algorithm of remote manipulator was created in order to simulate an accident and repair that could happen in pyroprocess operation and maintenance under a virtual digital mockup environment. Deployment analysis of process devices through a workspace analysis was carried out and Accessibility analysis by using haptic device was examined

Status and Prospect of Safeguards By Design for the Pyroprocessing Facility

International Nuclear Information System (INIS)

Kim, Hodong; Shin, H.S.; Ahn, S.K.

2010-01-01

The concept of Safeguards-By-Design (SBD), which is proposed and developed by the United States and the IAEA, is now widely acknowledged as a fundamental consideration for the effective and efficient implementation of safeguards. The application of a SBD concept is of importance especially for developmental nuclear facilities which have new technological features and relevant challenges to their safeguards approach. At this point of time, the examination of the applicability of SBD on a pyroprocessing facility, which has been being developed in the Republic of Korea (ROK), would be meaningful. The ROK developed a safeguards system with the concept of SBD for Advanced spent fuel Conditioning Process Facility (ACPF) and DUPIC Fuel Development Facility (DFDF) before the SBD concept was formally suggested. Currently. The PRIDE (PyRoprocess Integrated Inactive Demonstration) facility for the demonstration of pyroprocess using 10 ton of non-radioactive nuclear materials per year is being constructed in the ROK. The safeguards system for the facility has been designed in cooperation with a facility designer from the design phase, and the safeguards system would be established according to the future construction schedule. In preparing the design of Engineering Scale Pyroprocess Facility (ESPF), which will use spent fuels in an engineering scale and be constructed in 2016, a research on the safeguards system for this facility is also being conducted. In this connection, a project to support for development of safeguards approach for a reference pyroprocessing facility has been carried out by KAERI in cooperation with KINAC and the IAEA through an IAEA Member State Support Program (MSSP). When this MSSP project is finished in August, 2011, a safeguards system model and safeguards approach for a reference pyroprocessing facility would be established. Maximizing these early experiences and results, a safeguards system of ESPF based on the concept of SBD would be designed and

Advanced depreciation cost analysis for a commercial pyroprocess facility in Korea

Energy Technology Data Exchange (ETDEWEB)

Kim, Sung Ki; Ko, Won Il [Korea Atomic Energy Research Institute, Daejeon (Korea, Republic of); Youn, Sae Rom; Gao, Ruxing [University of Science and Technology, Daejeon (Korea, Republic of); Chung, Yang Hon; Bang, Sung Sig [Dept. of Business and Technology Management, University of Science and Technology, Daejeon (Korea, Republic of)

2016-06-15

The purpose of this study is to present a rational depreciation method for a pyroprocess cost calculation. Toward this end, the so-called advanced decelerated depreciation method (ADDM) was developed that complements the limitations of the existing depreciation methods such as the straight-line method and fixed percentage of declining-balance method. ADDM was used to show the trend of the direct material cost and direct labor cost compared to the straight-line or fixed percentage of the declining-balance methods that are often used today. As a result, it was demonstrated that the depreciation cost of the ADDM, which assumed a pyroprocess facility's life period to be 40 years with a deceleration rate of 5%, takes up 4.14% and 27.74% of the pyroprocess unit cost ($781/kg heavy metal) in the 1st and final years, respectively. In other words, it was found that the ADDM can cost the pyroprocess facility's capital investment rationally every year. Finally, ADDM's validity was verified by confirming that the sum of the depreciation cost by year, and the sum of the purchasing cost of the building and equipment, are the same.

Advanced depreciation cost analysis for a commercial pyroprocess facility in Korea

International Nuclear Information System (INIS)

Kim, Sung Ki; Ko, Won Il; Youn, Sae Rom; Gao, Ruxing; Chung, Yang Hon; Bang, Sung Sig

2016-01-01

The purpose of this study is to present a rational depreciation method for a pyroprocess cost calculation. Toward this end, the so-called advanced decelerated depreciation method (ADDM) was developed that complements the limitations of the existing depreciation methods such as the straight-line method and fixed percentage of declining-balance method. ADDM was used to show the trend of the direct material cost and direct labor cost compared to the straight-line or fixed percentage of the declining-balance methods that are often used today. As a result, it was demonstrated that the depreciation cost of the ADDM, which assumed a pyroprocess facility's life period to be 40 years with a deceleration rate of 5%, takes up 4.14% and 27.74% of the pyroprocess unit cost ($781/kg heavy metal) in the 1st and final years, respectively. In other words, it was found that the ADDM can cost the pyroprocess facility's capital investment rationally every year. Finally, ADDM's validity was verified by confirming that the sum of the depreciation cost by year, and the sum of the purchasing cost of the building and equipment, are the same

Pyrometallurgical processes for recovery of actinide elements

International Nuclear Information System (INIS)

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

Pyrometallurgical processes for recovery of actinide elements

Energy Technology Data Exchange (ETDEWEB)

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.

Cost analysis of a commercial pyroprocess facility on the basis of a conceptual design in Korea

International Nuclear Information System (INIS)

Kim, S.K.; Ko, W.I.; Youn, S.R.; Gao, Ruxing

2015-01-01

Highlights: • Pyroprocess facility’s direct cost was calculated based on the conceptual design. • The unit cost of pyroprocess was calculated as $781/kgHM. • The unit cost was increased by 3%, considering labor allocation standards. • The operating and maintenance cost was identified as a main cost driver. - Abstract: This study postulated a commercial pyroprocess facility (KAPF+: Korea Advanced Pyroprocess Facility Plus) with a processing capacity of 400 tons/year as a cost object, and utilized an engineering cost estimation method based on a conceptual design to present the results of the total cost and unit cost estimation. According to the calculation results, the total cost and unit cost were calculated with k$779,386 and $781/kgHM, respectively. Moreover, the key cost driver was manifested as the operating and maintenance costs. In particular, equipment replacement cost was identified as an important cost driver. In addition, for an increasingly accurate cost estimation, the calculation results and allocation method of the indirect cost were reanalyzed. Finally the pyroprocess unit cost increased $5 when calculated the indirect cost using the labor time as the allocation standard. Meanwhile, the pyroprocess unit cost increased $22 as a result of allocating the indirect cost using the uniform labor cost as the cost allocation standard. Accordingly, an indirect cost allocation standard was manifested as the factor that exerts a significant effect on the pyroprocess unit cost

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

OpenAIRE

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...

IFRS 9 Luottotappiot ja Arvonalentumiset

OpenAIRE

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...

The integral fast reactor fuels reprocessing laboratory at Argonne National Laboratory, Illinois

International Nuclear Information System (INIS)

Wolson, R.D.; Tomczuk, Z.; Fischer, D.F.; Slawecki, M.A.; Miller, W.E.

1986-09-01

The processing of Integral Fast Reactor (IFR) metal fuel utilizes pyrochemical fuel reprocessing steps. These steps include separation of the fission products from uranium and plutonium by electrorefining in a fused salt, subsequent concentration of uranium and plutonium for reuse, removal, concentration, and packaging of the waste material. Approximately two years ago a facility became operational at Argonne National Laboratory-Illinois to establish the chemical feasibility of proposed reprocessing and consolidation processes. Sensitivity of the pyroprocessing melts to air oxidation necessitated operation in atmosphere-controlled enclosures. The Integral Fast Reactor Fuels Reprocessing Laboratory is described

Integral Fast Reactor Program annual progress report, FY 1994

International Nuclear Information System (INIS)

Chang, Y.I.; Walters, L.C.; Laidler, J.J.; Pedersen, D.R.; Wade, D.C.; Lineberry, J.J.

1994-12-01

This report summarizes highlights of the technical progress made in the Integral Fast Reactor (IFR) Program in FY 1994. Technical accomplishments are presented in the following areas of the IFR technology development activities: metal fuel performance; pyroprocess development; safety experiments and analyses; core design development; fuel cycle demonstration; and LMR technology R ampersand D

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

International Nuclear Information System (INIS)

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

Electrochemical/Pyrometallurgical Waste Stream Processing and Waste Form Fabrication

Energy Technology Data Exchange (ETDEWEB)

Steven Frank; Hwan Seo Park; Yung Zun Cho; William Ebert; Brian Riley

2015-07-01

This report summarizes treatment and waste form options being evaluated for waste streams resulting from the electrochemical/pyrometallurgical (pyro ) processing of used oxide nuclear fuel. The technologies that are described are South Korean (Republic of Korea – ROK) and United States of America (US) ‘centric’ in the approach to treating pyroprocessing wastes and are based on the decade long collaborations between US and ROK researchers. Some of the general and advanced technologies described in this report will be demonstrated during the Integrated Recycle Test (IRT) to be conducted as a part of the Joint Fuel Cycle Study (JFCS) collaboration between US Department of Energy (DOE) and ROK national laboratories. The JFCS means to specifically address and evaluated the technological, economic, and safe guard issues associated with the treatment of used nuclear fuel by pyroprocessing. The IRT will involve the processing of commercial, used oxide fuel to recover uranium and transuranics. The recovered transuranics will then be fabricated into metallic fuel and irradiated to transmutate, or burn the transuranic elements to shorter lived radionuclides. In addition, the various process streams will be evaluated and tested for fission product removal, electrolytic salt recycle, minimization of actinide loss to waste streams and waste form fabrication and characterization. This report specifically addresses the production and testing of those waste forms to demonstrate their compatibility with treatment options and suitability for disposal.

Leach resistance properties and release processes for salt-occluded zeolite A

International Nuclear Information System (INIS)

Lewis, M.A.; Fischer, D.F.; Laidler, J.J.

1992-01-01

The pyrometallurgical processing of spent fuel from the Integral Fast Reactor (IFR) results in a waste of LiCl-KCl-NaCl salt containing approximately 10 wt% fission products, primarily CsCl and SrCl 2 . For disposal, this waste must be immobilized in a form that it is leach resistant. A salt-occluded zeolite has been identified as a potential waste form for the salt. Its leach resistance properties were investigated using powdered samples. The results were that strontium was not released and cesium had a low release, 0.056 g/m 2 for the 56 day leach test. The initial release (within 7 days) of alkali metal cations was rapid and subsequent releases were much smaller. The releases of aluminum and silicon were 0.036 and 0.028 g/m 2 , respectively, and were constant. Neither alkali metal cation hydrolysis nor exchange between cations in the leachate and those in the zeolite was significant. Only sodium release followed t 0.5 kinetics. Selected dissolution of the occluded salt was the primary release process. These results confirm that salt-occluded zeolite has promise as the waste form for IFR pyroprocess salt

The integral fast reactor fuel cycle

International Nuclear Information System (INIS)

Chang, Y.I.

1990-01-01

The liquid-metal reactor (LMR) has the potential to extend the uranium resource by a factor of 50 to 100 over current commercial light water reactors (LWRs). 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. A key feature of the IFR concept is the metallic fuel. The lead irradiation tests on the new U-Pu-Zr metallic fuel in the Experimental Breeder Reactor II have surpassed 185000 MWd/t burnup, and its high burnup capability has now been fully demonstrated. The metallic fuel also 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. Direct production of a metal product avoids expensive and cumbersome chemical conversion steps that would result from use of the conventional Purex solvent extraction process. 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. 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

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

OpenAIRE

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...

Status of progress in IFR development

International Nuclear Information System (INIS)

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

Integral Fast Reactor Program. Annual progress report, FY 1992

Energy Technology Data Exchange (ETDEWEB)

Chang, Y.I.; Walters, L.C.; Laidler, J.J.; Pedersen, D.R.; Wade, D.C.; Lineberry, M.J.

1993-06-01

This report summarizes highlights of the technical progress made in the Integral Fast Reactor (IFR) Program in FY 1992. Technical accomplishments are presented in the following areas of the IFR technology development activities: (1) metal fuel performance, (2) pyroprocess development, (3) safety experiments and analyses, (4) core design development, (5) fuel cycle demonstration, and (6) LMR technology R&D.

Analysis of IFR samples at ANL-E

International Nuclear Information System (INIS)

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

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

OpenAIRE

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...

Preparations for the Integral Fast Reactor fuel cycle demonstration

International Nuclear Information System (INIS)

Lineberry, M.J.; Phipps, R.D.

1989-01-01

Modifications to the Hot Fuel Examination Facility-South (HFEF/S) have been in progress since mid-1988 to ready the facility for demonstration of the unique Integral Fast Reactor (IFR) pyroprocess fuel cycle. This paper updates the last report on this subject to the American Nuclear Society and describes the progress made in the modifications to the facility and in fabrication of the new process equipment. The IFR is a breeder reactor, which is central to the capability of any reactor concept to contribute to mitigation of environmental impacts of fossil fuel combustion. As a fast breeder, fuel of course must be recycled in order to have any chance of an economical fuel cycle. The pyroprocess fuel cycle, relying on a metal alloy reactor fuel rather than oxide, has the potential to be economical even at small-scale deployment. Establishing this quantitatively is one important goal of the IFR fuel cycle demonstration

Discrete event dynamic system (DES)-based modeling for dynamic material flow in the pyroprocess

International Nuclear Information System (INIS)

Lee, Hyo Jik; Kim, Kiho; Kim, Ho Dong; Lee, Han Soo

2011-01-01

A modeling and simulation methodology was proposed in order to implement the dynamic material flow of the pyroprocess. Since the static mass balance provides the limited information on the material flow, it is hard to predict dynamic behavior according to event. Therefore, a discrete event system (DES)-based model named, PyroFlow, was developed at the Korea Atomic Energy Research Institute (KAERI). PyroFlow is able to calculate dynamic mass balance and also show various dynamic operational results in real time. By using PyroFlow, it is easy to rapidly predict unforeseeable results, such as throughput in unit process, accumulated product in buffer and operation status. As preliminary simulations, bottleneck analyses in the pyroprocess were carried out and consequently it was presented that operation strategy had influence on the productivity of the pyroprocess.

Integral Fast Reactor Program annual progress report, FY 1991

International Nuclear Information System (INIS)

1992-06-01

This report summarizes highlights of the technical progress made in the Integral Fast Reactor (IFR) Program in FY 1991. Technical accomplishments are presented in the following areas of the IFR technology development activities: (1) metal fuel performance, (2) pyroprocess development, (3) safety experiments and analyses, (4) core design development, (5) fuel cycle demonstration, and (6) LMR technology R ampersand D

Integral Fast Reactor Program

International Nuclear Information System (INIS)

Chang, Y.I.; Walters, L.C.; Laidler, J.J.; Pedersen, D.R.; Wade, D.C.; Lineberry, M.J.

1993-06-01

This report summarizes highlights of the technical progress made in the Integral Fast Reactor (IFR) Program in FY 1992. Technical accomplishments are presented in the following areas of the IFR technology development activities: (1) metal fuel performance, (2) pyroprocess development, (3) safety experiments and analyses, (4) core design development, (5) fuel cycle demonstration, and (6) LMR technology R ampersand D

Integral Fast Reactor Program. Annual progress report, FY 1993

Energy Technology Data Exchange (ETDEWEB)

Chang, Y.I.; Walters, L.C.; Laidler, J.J.; Pedersen, D.R.; Wade, D.C.; Lineberry, M.J.

1994-10-01

This report summarizes highlights of the technical progress made in the Integral Fast Reactor (IFR) Program in FY 1993. Technical accomplishments are presented in the following areas of the IFR technology development activities: (1) metal fuel performance, (2) pyroprocess development, (3) safety experiments and analyses, (4) core design development, (5) fuel cycle demonstration, and (6) LMR technology R and D.

Integral Fast Reactor Program. Annual progress report, FY 1993

International Nuclear Information System (INIS)

Chang, Y.I.; Walters, L.C.; Laidler, J.J.; Pedersen, D.R.; Wade, D.C.; Lineberry, M.J.

1994-10-01

This report summarizes highlights of the technical progress made in the Integral Fast Reactor (IFR) Program in FY 1993. Technical accomplishments are presented in the following areas of the IFR technology development activities: (1) metal fuel performance, (2) pyroprocess development, (3) safety experiments and analyses, (4) core design development, (5) fuel cycle demonstration, and (6) LMR technology R and D

Methodology for categorization of nuclear material in pyroprocessing facility

Energy Technology Data Exchange (ETDEWEB)

Lee, Chanki; Choi, Sungyeol [UNIST, Ulsan (Korea, Republic of); Kim, Woo Jin; Kim, Min Su; Jeong, Yon Hong [Korea Institute of Nuclear Nonproliferation and Control, Daejeon (Korea, Republic of)

2016-10-15

For the pyroprocessing facility to be commercialized in future, current regulations should be evaluated and developed in advance, based on the new types of nuclear materials in the facility. Physical protection system, especially, requires reasonable and reliable categorization of nuclear materials, to prevent from the theft of nuclear materials. In this paper, therefore, current categorization methods of nuclear material are investigated and applied to the pyroprocessing facility. After inconsistencies and gaps are found among methods, they are compared and discussed based on eight considering points (i.e, degrees of attractiveness, levels of category, discount factor, physical barriers, chemical barriers, isotopic barriers, radiological barriers, and capabilities of adversaries), to roughly suggest a new method for categorization. Current categorization methods of nuclear material, including IAEA's INFCIRC/225, U.S. DOE's method, newly expected U.S. NRC's method, FOM, and Bunn's approach, are different and can bring inconsistencies of physical protection requirements. The gap among methods will be significant if advanced fuel cycles are applied to them for the future. For example, the categorization results of 5 target materials in pyroprocessing facility show clear inconsistencies, while TRU ingot is considered the most attractive material. To resolve inconsistencies, it is necessary to determine new method suitable to pyroproessing facility, by considering the effects of eight points (i.e, degrees of attractiveness, levels of category, discount factor, physical barriers, chemical barriers, isotopic barriers, radiological barriers, and capabilities of adversaries)

Methodology for categorization of nuclear material in pyroprocessing facility

International Nuclear Information System (INIS)

Lee, Chanki; Choi, Sungyeol; Kim, Woo Jin; Kim, Min Su; Jeong, Yon Hong

2016-01-01

For the pyroprocessing facility to be commercialized in future, current regulations should be evaluated and developed in advance, based on the new types of nuclear materials in the facility. Physical protection system, especially, requires reasonable and reliable categorization of nuclear materials, to prevent from the theft of nuclear materials. In this paper, therefore, current categorization methods of nuclear material are investigated and applied to the pyroprocessing facility. After inconsistencies and gaps are found among methods, they are compared and discussed based on eight considering points (i.e, degrees of attractiveness, levels of category, discount factor, physical barriers, chemical barriers, isotopic barriers, radiological barriers, and capabilities of adversaries), to roughly suggest a new method for categorization. Current categorization methods of nuclear material, including IAEA's INFCIRC/225, U.S. DOE's method, newly expected U.S. NRC's method, FOM, and Bunn's approach, are different and can bring inconsistencies of physical protection requirements. The gap among methods will be significant if advanced fuel cycles are applied to them for the future. For example, the categorization results of 5 target materials in pyroprocessing facility show clear inconsistencies, while TRU ingot is considered the most attractive material. To resolve inconsistencies, it is necessary to determine new method suitable to pyroproessing facility, by considering the effects of eight points (i.e, degrees of attractiveness, levels of category, discount factor, physical barriers, chemical barriers, isotopic barriers, radiological barriers, and capabilities of adversaries)

EXPERIENTIAL LEARNING IN INTRODUCING IFRS AT UNIVERSITIES IN INDONESIA

Directory of Open Access Journals (Sweden)

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

Analysis on the Present Status of Conceptually Designed Pyroprocessing Facilities for Determining a Reference Pyroprocessing Facility

International Nuclear Information System (INIS)

Shin, Hee Sung; Ahn, Seong Kyu; Song, Dae Yong; Lee, Tae Hoon; Kim, Ho Dong; Seo, Ji Sun; Im, Hye In; Jang, Je Nam

2009-12-01

In this report, pyro processing facility concepts suggested by US, Japan, and Republic of Korea have been summarized and analyzed, and the determination principles were established to determine a reference pyro processing facility concept. Three proposals for a reference pyro processing facility concept were suggested based on these principles. The 1st proposal is based on the GEN-IV PR/PP model except the metal fuel fabrication process. It may be possible to later add the metal fuel fabrication process, UO2 recovery process of Japan, and continuous electrorefining process invented in Republic of Korea to be the generic model including all pyroprocessing facility concepts in the world. The 2nd proposal is based on INL and ANL model which is simple for the most part and has basic essential processes. The 3rd proposal is determined to be the ESPF of KAERI, which is almost identical with that of the 2nd proposal except in regards to utilization of an input accountability tank and continuous electrorefining process and the 3rd proposal is planned to be realized in 7 years. After the review of the IAEA and discussions at 3rd Working Group Meeting held in IAEA headquarters, the 3rd proposal has been determined as the final version of a reference pyroprocessing facility concept

Analysis of Unit Process Cost for an Engineering-Scale Pyroprocess Facility Using a Process Costing Method in Korea

Directory of Open Access Journals (Sweden)

Sungki Kim

2015-08-01

Full Text Available Pyroprocessing, which is a dry recycling method, converts spent nuclear fuel into U (Uranium/TRU (TRansUranium metal ingots in a high-temperature molten salt phase. This paper provides the unit process cost of a pyroprocess facility that can process up to 10 tons of pyroprocessing product per year by utilizing the process costing method. Toward this end, the pyroprocess was classified into four kinds of unit processes: pretreatment, electrochemical reduction, electrorefining and electrowinning. The unit process cost was calculated by classifying the cost consumed at each process into raw material and conversion costs. The unit process costs of the pretreatment, electrochemical reduction, electrorefining and electrowinning were calculated as 195 US$/kgU-TRU, 310 US$/kgU-TRU, 215 US$/kgU-TRU and 231 US$/kgU-TRU, respectively. Finally the total pyroprocess cost was calculated as 951 US$/kgU-TRU. In addition, the cost driver for the raw material cost was identified as the cost for Li3PO4, needed for the LiCl-KCl purification process, and platinum as an anode electrode in the electrochemical reduction process.

IFRS Adoption and Accounting Quality: A Review

OpenAIRE

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...

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

OpenAIRE

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....

Mandatory IFRS Reporting and Stock Price Informativeness

OpenAIRE

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...

Development of a Remote Handling System in an Integrated Pyroprocessing Facility

Directory of Open Access Journals (Sweden)

Hyo Jik Lee

2013-10-01

Full Text Available Over the course of a decade-long research programme, the Korea Atomic Energy Research Institute (KAERI has developed several remote handling systems for use in pyroprocessing research facilities. These systems are now used successfully for the operation and maintenance of processing equipment. The most recent remote handling system is the bridge-transported dual arm servo-manipulator system (BDSM, which is used for remote operation at the world's largest pyroprocess integrated inactive demonstration facility (PRIDE. Accurate and reliable servo-control is the basic requirement for the BDSM to accomplish any given tasks successfully in a hotcell environment. To achieve this end, the hardware and software of a digital signal processor-based remote control system were fully custom-developed and implemented to control the BDSM. To reduce the residual vibration of the BDSM, several input profiles, including input shaping, were carefully chosen and evaluated. Furthermore, a time delay controller was employed to achieve good tracking performance and systematic gain tuning. The experimental results demonstrate that the applied control algorithms are more effective than conventional approaches. The BDSM successfully completed its performance tests at a mock-up and was installed at PRIDE for real-world operation. The remote handling system at KAERI is expected to advance the actualization of pyroprocessing.

IFRS 8 – OPERATING SEGMENTS

Directory of Open Access Journals (Sweden)

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

The International Politics of IFRS Harmonization

OpenAIRE

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...

Importance of Computer Model Validation in Pyroprocessing Technology Development

Energy Technology Data Exchange (ETDEWEB)

Jung, Y. E.; Li, Hui; Yim, M. S. [Korea Advanced Institute of Science and Technology, Daejeon (Korea, Republic of)

2014-05-15

In this research, we developed a plan for experimental validation of one of the computer models developed for ER process modeling, i. e., the ERAD code. Several candidate surrogate materials are selected for the experiment considering the chemical and physical properties. Molten salt-based pyroprocessing technology is being examined internationally as an alternative to treat spent nuclear fuel over aqueous technology. The central process in pyroprocessing is electrorefining(ER) which separates uranium from transuranic elements and fission products present in spent nuclear fuel. ER is a widely used process in the minerals industry to purify impure metals. Studies of ER by using actual spent nuclear fuel materials are problematic for both technical and political reasons. Therefore, the initial effort for ER process optimization is made by using computer models. A number of models have been developed for this purpose. But as validation of these models is incomplete and often times problematic, the simulation results from these models are inherently uncertain.

Development of a methodology to evaluate material accountability in pyroprocess

Science.gov (United States)

Woo, Seungmin

This study investigates the effect of the non-uniform nuclide composition in spent fuel on material accountancy in the pyroprocess. High-fidelity depletion simulations are performed using the Monte Carlo code SERPENT in order to determine nuclide composition as a function of axial and radial position within fuel rods and assemblies, and burnup. For improved accuracy, the simulations use short burnups step (25 days or less), Xe-equilibrium treatment (to avoid oscillations over burnup steps), axial moderator temperature distribution, and 30 axial meshes. Analytical solutions of the simplified depletion equations are built to understand the axial non-uniformity of nuclide composition in spent fuel. The cosine shape of axial neutron flux distribution dominates the axial non-uniformity of the nuclide composition. Combined cross sections and time also generate axial non-uniformity, as the exponential term in the analytical solution consists of the neutron flux, cross section and time. The axial concentration distribution for a nuclide having the small cross section gets steeper than that for another nuclide having the great cross section because the axial flux is weighted by the cross section in the exponential term in the analytical solution. Similarly, the non-uniformity becomes flatter as increasing burnup, because the time term in the exponential increases. Based on the developed numerical recipes and decoupling of the results between the axial distributions and the predetermined representative radial distributions by matching the axial height, the axial and radial composition distributions for representative spent nuclear fuel assemblies, the Type-0, -1, and -2 assemblies after 1, 2, and 3 depletion cycles, is obtained. These data are appropriately modified to depict processing for materials in the head-end process of pyroprocess that is chopping, voloxidation and granulation. The expectation and standard deviation of the Pu-to-244Cm-ratio by the single granule

Analysis of UREX+1a and Pyroprocessing Technologies from Safeguards Aspects

International Nuclear Information System (INIS)

Musembi, Mutava Victor; Jeong, Seung Young; Kwon, Eun Ha

2013-01-01

Various advanced and more easily safeguard-able reprocessing technologies have been proposed and are currently at different stages of development. This paper briefly analyses two proposed next generation reprocessing technologies, i. e. UREX+1a and pyroprocessing. It goes on to suggest various measures that can be taken to safeguard these technologies against nuclear proliferation. Due to the significant proliferation risks associated with PUREX, more proliferation resistant technologies are required in spent fuel reprocessing. UREX+1a and pyroprocessing can be suitable replacements since Pu is not separated from other TRUs after reprocessing. Implementations of technology specific safeguard measures can help enhance the proliferation resistance of these technologies. Since there is no technology which is foolproof, a MUF uncertainty estimation/quantification technology needs to be developed. These uncertainty estimates can then be used in a safeguards probabilistic risk assessment (PRA) system to quantify the risks associated with a particular reprocessing technology. To further safeguard these technologies, additional safeguard measures are needed for defense in depth. This may include implementation of multiple, independent, and redundant layers of defense such that no single layer, no matter how robust, is solely relied upon. Quantification of safeguard uncertainties related to UREX+1a and pyroprocessing can be used to benchmark these technologies against PUREX and between themselves for policy making

Analysis of UREX+1a and Pyroprocessing Technologies from Safeguards Aspects

Energy Technology Data Exchange (ETDEWEB)

Musembi, Mutava Victor [Korea Advanced Institute of Science and Technology, Daejeon (Korea, Republic of); Jeong, Seung Young [Korea Institute of Nuclear Safety, Daejeon (Korea, Republic of); Kwon, Eun Ha [Korea Atomic Energy Research Institute, Daejeon (Korea, Republic of)

2013-10-15

Various advanced and more easily safeguard-able reprocessing technologies have been proposed and are currently at different stages of development. This paper briefly analyses two proposed next generation reprocessing technologies, i. e. UREX+1a and pyroprocessing. It goes on to suggest various measures that can be taken to safeguard these technologies against nuclear proliferation. Due to the significant proliferation risks associated with PUREX, more proliferation resistant technologies are required in spent fuel reprocessing. UREX+1a and pyroprocessing can be suitable replacements since Pu is not separated from other TRUs after reprocessing. Implementations of technology specific safeguard measures can help enhance the proliferation resistance of these technologies. Since there is no technology which is foolproof, a MUF uncertainty estimation/quantification technology needs to be developed. These uncertainty estimates can then be used in a safeguards probabilistic risk assessment (PRA) system to quantify the risks associated with a particular reprocessing technology. To further safeguard these technologies, additional safeguard measures are needed for defense in depth. This may include implementation of multiple, independent, and redundant layers of defense such that no single layer, no matter how robust, is solely relied upon. Quantification of safeguard uncertainties related to UREX+1a and pyroprocessing can be used to benchmark these technologies against PUREX and between themselves for policy making.

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

Directory of Open Access Journals (Sweden)

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.

(A new application in segment reporting: IFRS 8)

OpenAIRE

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...

The IFR status and prospects

International Nuclear Information System (INIS)

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

Modeling of oxide reduction in repeated-batch pyroprocessing

International Nuclear Information System (INIS)

Lee, Hyo Jik; Im, Hun Suk; Park, Geun Il

2016-01-01

Highlights: • Pyroprocessing is a complicated batch-type operation. • Discrete event system modeling was used to create an integrated operation model. • Simulation showed that could be accomplished. • The dynamic material flow helps us understand the process operation. • We showed that complex material flow could be simulated in terms of mass balance. - Abstract: Pyroprocessing is a complicated batch-type operation, involving a highly complex material flow logic with a huge number of unit processes. Discrete event system modeling was used to create an integrated operation model for which simulation showed that dynamic material flow could be accomplished to provide considerable insight into the process operation. In the model simulation, the amount of material transported upstream and downstream in the process satisfies a mass balance equation while considering the hold-up incurred by every batch operation. This study also simulated, in detail, an oxide reduction group process embracing electrolytic reduction, cathode processing, and salt purification. Based on the default operation scenario, it showed that complex material flows could be precisely simulated in terms of the mass balance. Specifically, the amount of high-heat elements remaining in the molten salt bath is analyzed to evaluate the operation scenario.

IFR channel-guiding of spinning beams

International Nuclear Information System (INIS)

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

Different Methods for Conditioning Chloride Salt Wastes

International Nuclear Information System (INIS)

De Angelis, G.; Fedeli, C.; Capone, M.; Marzo, G.A.; Mariani, M.; Da Ros, M.; Giacobbo, F.; Macerata, E.; Giola, M.

2015-01-01

Three different methods have been used to condition chloride salt wastes coming from pyro-processes. Two of them allow to synthesise sodalite, a naturally occurring mineral containing chlorine: the former, starting from Zeolite 4A, which transforms the zeolite into sodalite; the latter, which starts from kaolinite, giving sodalite as well. In addition, a new matrix, termed SAP (SiO 2 -Al 2 O 3 -P 2 O 5 ), has been synthesised. It is able to form different mineral phases which occlude fission metals. The products from the different processes have been fully characterised. In particular the chemical durability of the final waste forms has been determined using the standard product consistency test. According to the results obtained, SAP seems to be a promising matrix for the incorporation of chloride salt wastes from pyro-processes. Financial support from the Nuclear Fission Safety Programme of the European Union (projects ACSEPT, contract FP7-CP-2007- 211 267, and SACSESS, Collaborative Project 323282), as well as from Italian Ministry for Economic Development (Accordo di Programma: Piano Annuale di Realizzazione 2008-2009) is gratefully acknowledged. (authors)

IFRS9 - rahoitusinstrumentit

OpenAIRE

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 ...

Investor perceptions of potential IFRS adoption in the United States

NARCIS (Netherlands)

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

Applying IFRS 9 to Central Banks Foreign Reserves

OpenAIRE

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...

Performance estimates for waste treatment pyroprocesses in ATW

International Nuclear Information System (INIS)

Li, N.

1997-01-01

The author has identified several pyrometallurgical processes for the conceptual ATW waste treatment cycle. These processes include reductive extraction, electrowinning and electrorefining, which constitute some versatile treatment cycles for liquid-metal based and molten-salt based waste forms when they are properly integrated. This paper examines the implementation of these processes and the achievable separations for some typical species. The author also presents a simple analysis of the processing rates limited by mass diffusion through a thin hydrodynamic boundary layer. It is shown that these processes can be realized with compact and efficient devices to meet the ATW demand for the periodic feeding and cleaning of the waste

EXPERIENTIAL LEARNING IN INTRODUCING IFRS AT UNIVERSITIES IN INDONESIA

OpenAIRE

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...

Evaluasi Kurikulum Sekolah Menengah Jurusan Akuntansi Menjelang IFRS

Directory of Open Access Journals (Sweden)

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.

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

Directory of Open Access Journals (Sweden)

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.

Production of metal waste forms from spent fuel treatment

International Nuclear Information System (INIS)

Westphal, B.R.; Keiser, D.D.; Rigg, R.H.; Laug, D.V.

1995-01-01

Treatment of spent nuclear fuel at Argonne National Laboratory consists of a pyroprocessing scheme in which the development of suitable waste forms is being advanced. Of the two waste forms being proposed, metal and mineral, the production of the metal waste form utilizes induction melting to stabilize the waste product. Alloying of metallic nuclear materials by induction melting has long been an Argonne strength and thus, the transition to metallic waste processing seems compatible. A test program is being initiated to coalesce the production of the metal waste forms with current induction melting capabilities

Mandatory IFRS adoption and executive compensation: Evidence from China

Directory of Open Access Journals (Sweden)

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.

An experimental study on Sodalite and SAP matrices for immobilization of spent chloride salt waste

Science.gov (United States)

Giacobbo, Francesca; Da Ros, Mirko; Macerata, Elena; Mariani, Mario; Giola, Marco; De Angelis, Giorgio; Capone, Mauro; Fedeli, Carlo

2018-02-01

In the frame of Generation IV reactors a renewed interest in pyro-processing of spent nuclear fuel is underway. Molten chloride salt waste arising from the recovering of uranium and plutonium through pyro-processing is one of the problematic wastes for direct application of vitrification or ceramization. In this work, Sodalite and SAP have been evaluated and compared as potential matrices for confinement of spent chloride salt waste coming from pyro-processing. To this aim Sodalite and SAP were synthesized both in pure form and mixed with different glass matrices, i.e. commercially available glass frit and borosilicate glass. The confining matrices were loaded with mixed chloride salts to study their retention capacities with respect to the elements of interest. The matrices were characterized and leached for contact times up to 150 days at room temperature and at 90 °C. SEM analyses were also performed in order to compare the matrix surface before and after leaching. Leaching results are discussed and compared in terms of normalized releases with similar results reported in literature. According to this comparative study the SAP matrix with glass frit binder resulted in the best matrix among the ones studied, with respect to retention capacities for both matrix and spent fuel elements.

The importance of the IFRS in India

Directory of Open Access Journals (Sweden)

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.

Podnikové kombinace podle IFRS

OpenAIRE

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.

On hedge effectiveness assessment under IFRS 9

Directory of Open Access Journals (Sweden)

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.

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

OpenAIRE

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...

Interim waste storage for the Integral Fast Reactor

International Nuclear Information System (INIS)

Benedict, R.W.; Phipps, R.D.; Condiff, D.W.

1991-01-01

The Integral Fast Reactor (IFR), which Argonne National Laboratory is developing, is an innovative liquid metal breeder reactor that uses metallic fuel and has a close coupled fuel recovery process. A pyrochemical process is used to separate the fission products from the actinide elements. These actinides are used to make new fuel for the reactor. As part of the overall IFR development program, Argonne has refurbished an existing Fuel Cycle Facility at ANL-West and is installing new equipment to demonstrate the remote reprocessing and fabrication of fuel for the Experimental Breeder Reactor II (EBR-II). During this demonstration the wastes that are produced will be treated and packaged to produce waste forms that would be typical of future commercial operations. These future waste forms would, assuming Argonne development goals are fulfilled, be essentially free of long half-life transuranic isotopes. Promising early results indicate that actinide extraction processes can be developed to strip these isotopes from waste stream and return them to the IFR type reactors for fissioning. 1 fig

The pretreatment cost of a pyroprocess facility in Korea

International Nuclear Information System (INIS)

Kim, S. K.; Youn, S. R.; Lee, S. H.; Lee, H. J.; Ko, W. I.

2015-01-01

Shale gas still has many disadvantages such as significant technological difficulties and high costs even when the fracking technology is used to extract shale gas since shale gas is dispersed widely. Moreover, it is estimated that the shale gas can be used for about 60 years, which is comparable to the period estimated for oil deposits. Another concern is that the climate may change due to the discharge of harmful gas produced during the gas extraction process. PRIDE facility producing 10 ton/year uranium ingot was set as the cost object for the cost estimation, and it was possible to increase cost calculation's accuracy level since labor cost and expenses incurred in this facility were the costs incurred in actuality. In the end, First-In, First Out process costing method was used to calculate the pretreatment cost of pyroprocess. According to the cost calculation results, the pretreatment cost was estimated as $195/kgHM and the cost share of the pretreatment of pyroprocess was calculated as 20%. Accordingly, electrochemical reduction process is the process requires most cost, followed by the cost of electro-winning process

The pretreatment cost of a pyroprocess facility in Korea

Energy Technology Data Exchange (ETDEWEB)

Kim, S. K.; Youn, S. R.; Lee, S. H.; Lee, H. J.; Ko, W. I. [Korea Atomic Energy Research Institute, Daejeon (Korea, Republic of)

2015-05-15

Shale gas still has many disadvantages such as significant technological difficulties and high costs even when the fracking technology is used to extract shale gas since shale gas is dispersed widely. Moreover, it is estimated that the shale gas can be used for about 60 years, which is comparable to the period estimated for oil deposits. Another concern is that the climate may change due to the discharge of harmful gas produced during the gas extraction process. PRIDE facility producing 10 ton/year uranium ingot was set as the cost object for the cost estimation, and it was possible to increase cost calculation's accuracy level since labor cost and expenses incurred in this facility were the costs incurred in actuality. In the end, First-In, First Out process costing method was used to calculate the pretreatment cost of pyroprocess. According to the cost calculation results, the pretreatment cost was estimated as $195/kgHM and the cost share of the pretreatment of pyroprocess was calculated as 20%. Accordingly, electrochemical reduction process is the process requires most cost, followed by the cost of electro-winning process.

How has IFRS impacted financial reporting for unlisted entities?

Directory of Open Access Journals (Sweden)

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.

Effects of IFRS adoption on tax avoidance

Directory of Open Access Journals (Sweden)

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.

Mandatory IFRS Reporting and Stock Price Informativeness

NARCIS (Netherlands)

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

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

Directory of Open Access Journals (Sweden)

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.

STUDI EKSPLORATORI HUBUNGAN ANTARA KONVERGENSI IFRS DENGAN BIAYA AUDIT

OpenAIRE

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...

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

Science.gov (United States)

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…

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

Directory of Open Access Journals (Sweden)

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

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

OpenAIRE

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...

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

International Nuclear Information System (INIS)

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

Comparability Effects of Mandatory IFRS Adoption

OpenAIRE

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...

Mandatory IFRS adoption and accounting comparability

OpenAIRE

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...

Implementace IFRS ve Velké Británii

OpenAIRE

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.

IFRS 10 muutos 2011 alkaen

OpenAIRE

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...

Data uncertainty impact in radiotoxicity evaluation connected to EFR and IFR systems

International Nuclear Information System (INIS)

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

Audit Fees and IFRS accounting - Is information costly?

DEFF Research Database (Denmark)

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....

IFRS Handbook for SMEs in Finland

OpenAIRE

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...

Developments of Spent Nuclear Fuel Pyroprocessing Technology at Idaho National Laboratory

Energy Technology Data Exchange (ETDEWEB)

Michael F. Simpson

2012-03-01

This paper summarizes research in used fuel pyroprocessing that has been published by Idaho National Laboratory over the last decade. It includes work done both on treatment of Experimental Breeder Reactor-II and development of advanced technology for potential scale-up and commercialization. Collaborations with universities and other laboratories is included in the cited work.

What drives the comparability effect of mandatory IFRS adoption?

OpenAIRE

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...

Nuclear waste management and implication for geological disposals in South Korea

Energy Technology Data Exchange (ETDEWEB)

Woo, Tae Ho; Chang, Kyung Bae [The Cyber Univ. of Korea, Seoul (Korea, Republic of). Dept. of Mechanical and Control Engineering

2017-10-15

The master plan of permanent nuclear waste repository had been published in South Korea. The high-level nuclear waste repository should be available in 2053. In this study, six possible nuclear waste forms are simulated by Helium ions. The geological repository is comparative easy and cheap considering the international nuclear act of the nuclear nonproliferation treaty (NPT). How ever, there could be some new technologies of the nuclear waste treatment like the pyroprocessing. Transmutation is another option, which is very expensive with current technology.

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

International Nuclear Information System (INIS)

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

The RPC-based IFR system at BaBar experiment preliminary results

CERN Document Server

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.

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

Directory of Open Access Journals (Sweden)

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.

Implementing IFRS in the banking system

OpenAIRE

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...

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

OpenAIRE

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.

IFRS IN ROMANIAN BANKING SYSTEM. LIMITS AND CHALLENGES

Directory of Open Access Journals (Sweden)

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.

Adopsi IFRS dan Relevansi Nilai Informasi Akuntansi

Directory of Open Access Journals (Sweden)

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.

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

OpenAIRE

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...

Project Report on Development of a Safeguards Approach for Pyroprocessing

Energy Technology Data Exchange (ETDEWEB)

Robert Bean

2010-09-01

The Idaho National Laboratory has undertaken an effort to develop a standard safeguards approach for international commercial pyroprocessing facilities. This report details progress for the fiscal year 2010 effort. A component by component diversion pathway analysis has been performed, and has led to insight on the mitigation needs and equipment development needed for a valid safeguards approach. The effort to develop an in-hot cell detection capability led to the digital cloud chamber, and more importantly, the significant potential scientific breakthrough of the inverse spectroscopy algorithm, including the ability to identify energy and spatial location of gamma ray emitting sources with a single, non-complex, stationary radiation detector system. Curium measurements were performed on historical and current samples at the FCF to attempt to determine the utility of using gross neutron counting for accountancy measurements. A solid cost estimate of equipment installation at FCF has been developed to guide proposals and cost allocations to use FCF as a test bed for safeguards measurement demonstrations. A combined MATLAB and MCNPX model has been developed to perform detector placement calculations around the electrorefiner. Early harvesting has occurred wherein the project team has been requested to provide pyroprocessing technology and safeguards short courses.

The Value Relevance of IFRS: The Case of Turkey

Directory of Open Access Journals (Sweden)

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.

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

OpenAIRE

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...

Stability of yttria-stabilized zirconia during pyroprocessing tests

Energy Technology Data Exchange (ETDEWEB)

Choi, Eun-Young, E-mail: eychoi@kaeri.re.kr; Lee, Jeong; Lee, Sung-Jai; Kim, Sung-Wook; Jeon, Sang-Chae; Cho, Soo Haeng; Oh, Seung Chul; Jeon, Min Ku; Lee, Sang Kwon; Kang, Hyun Woo; Hur, Jin-Mok

2016-07-15

In this study, the feasibility of yttria-stabilized zirconia (YSZ) was investigated for use as a ceramic material, which can be commonly used for both electrolytic reduction and electrorefining. First, the stability of YSZ in salts for electrolytic reduction and electrorefining was examined. Then, its stability was demonstrated by a series of pyroprocessing tests, such as electrolytic reduction, LiCl distillation, electrorefining, and LiCl−KCl distillation, using a single stainless steel wire mesh basket containing fuel and YSZ. A single basket was used by its transportation from one test to subsequent tests without the requirements for unloading.

Adoption of IFRS/IAS impacting the companies

Directory of Open Access Journals (Sweden)

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.

Critical Success Factors for IFRS Implementation

DEFF Research Database (Denmark)

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...

INTRODUCING IFRS IN INTRODUCTORY FINANCIAL ACCOUNTING COURSES

OpenAIRE

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...

PENERAPAN IFRS DALAM PRAKTIK MANAJEMEN LABA PADA BANK PEMERINTAHAN INDONESIA

Directory of Open Access Journals (Sweden)

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.

Reductie van complexiteit binnen IFRS: wie is aan zet?

NARCIS (Netherlands)

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

IFRS adoption and implementation in companies: utopia or reality?

NARCIS (Netherlands)

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

US GAAP vs. IFRS – A COMPARISON OF REMAINING DIFFERENCES

OpenAIRE

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...

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

OpenAIRE

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 ...

Network Effects in Countries' Adoption of IFRS

OpenAIRE

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...

How is IFRS/IAS implemented in China

OpenAIRE

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...

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

Directory of Open Access Journals (Sweden)

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.

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

OpenAIRE

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.

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

OpenAIRE

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...

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

Directory of Open Access Journals (Sweden)

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.

IMPACT OF GLOBAL ADOPTION OF IFRS ON NIGERIAN STOCK MARKET EFFECTIVENESSNESS

Directory of Open Access Journals (Sweden)

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.

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

Directory of Open Access Journals (Sweden)

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.

Measurement of Irradiated Pyroprocessing Samples via Laser Induced Breakdown Spectroscopy

Energy Technology Data Exchange (ETDEWEB)

Phongikaroon, Supathorn [Virginia Commonwealth Univ., Richmond, VA (United States)

2016-10-31

The primary objective of this research is to develop an applied technology and provide an assessment to remotely measure and analyze the real time or near real time concentrations of used nuclear fuel (UNF) dissolute in electrorefiners. Here, Laser-Induced Breakdown Spectroscopy (LIBS), in UNF pyroprocessing facilities will be investigated. LIBS is an elemental analysis method, which is based on the emission from plasma generated by focusing a laser beam into the medium. This technology has been reported to be applicable in the media of solids, liquids (includes molten metals), and gases for detecting elements of special nuclear materials. The advantages of applying the technology for pyroprocessing facilities are: (i) Rapid real-time elemental analysis|one measurement/laser pulse, or average spectra from multiple laser pulses for greater accuracy in < 2 minutes; (ii) Direct detection of elements and impurities in the system with low detection limits|element specific, ranging from 2-1000 ppm for most elements; and (iii) Near non-destructive elemental analysis method (about 1 g material). One important challenge to overcome is achieving high-resolution spectral analysis to quantitatively analyze all important fission products and actinides. Another important challenge is related to accessibility of molten salt, which is heated in a heavily insulated, remotely operated furnace in a high radiation environment with an argon atmosphere.

Theoretical and computational analysis of IFR beam transport on curved channels

International Nuclear Information System (INIS)

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

IFRS adoption in Pacific Island Economies: A political perspective

Directory of Open Access Journals (Sweden)

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.

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

NARCIS (Netherlands)

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

The implementation of the IFRS for SME in the EU

Directory of Open Access Journals (Sweden)

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.

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

Directory of Open Access Journals (Sweden)

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

Analysis of IFR driver fuel hot channel factors

International Nuclear Information System (INIS)

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

Analysis of IFR driver fuel hot channel factors

International Nuclear Information System (INIS)

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)

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

OpenAIRE

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...

The Design and Implementation of an Enlivened IFRS Course

Science.gov (United States)

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…

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

African Journals Online (AJOL)

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 ...

FAIR VALUE MEASUREMENT UNDER IFRS 13

Directory of Open Access Journals (Sweden)

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.

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

Directory of Open Access Journals (Sweden)

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.

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

OpenAIRE

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...

Does Mandatory IFRS Adoption Improve the Information Environment?

OpenAIRE

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...

Intended and unintended consequences of mandatory IFRS adoption

OpenAIRE

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...

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

OpenAIRE

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...

Liquidus temperature and chemical durability of selected glasses to immobilize rare earth oxides waste

Energy Technology Data Exchange (ETDEWEB)

Mohd Fadzil, Syazwani, E-mail: mfsyazwani86@postech.ac.kr [Division of Advanced Nuclear Engineering, Pohang University of Science and Technology, 790784 Pohang, Gyeongbuk (Korea, Republic of); School of Applied Physics, Faculty of Science and Technology, The National University of Malaysia, 43650 Bandar Baru Bangi, Selangor (Malaysia); Hrma, Pavel [Division of Advanced Nuclear Engineering, Pohang University of Science and Technology, 790784 Pohang, Gyeongbuk (Korea, Republic of); Pacific Northwest National Laboratory, P.O. Box 999, Richland, WA (United States); Schweiger, Michael J.; Riley, Brian J. [Pacific Northwest National Laboratory, P.O. Box 999, Richland, WA (United States)

2015-10-15

Pyroprocessing is are processing method for managing and reusing used nuclear fuel (UNF) by dissolving it in an electrorefiner with a molten alkali or alkaline earth chloride salt mixture while avoiding wet reprocessing. Pyroprocessing UNF with a LiCl–KCl eutectic salt releases the fission products from the fuel and generates a variety of metallic and salt-based species, including rare earth (RE) chlorides. If the RE-chlorides are converted to oxides, borosilicate glass is a prime candidate for their immobilization because of its durability and ability to dissolve almost any RE waste component into the glass matrix at high loadings. Crystallization that occurs in waste glasses as the waste loading increases may complicate glass processing and affect the product quality. This work compares three types of borosilicate glasses in terms of liquidus temperature (T{sub L}): the International Simple Glass designed by the International Working Group, sodium borosilicate glass developed by Korea Hydro and Nuclear Power, and the lanthanide aluminoborosilicate (LABS) glass established in the United States. The LABS glass allows the highest waste loadings (over 50 mass% RE{sub 2}O{sub 3}) while possessing an acceptable chemical durability. - Highlights: • We investigated crystallization in borosilicate glasses containing rare earth oxides. • New crystallinity and durability data are shown for glasses proposed in the literature. • Both liquidus temperature and chemical durability increased as the waste loading increased.

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

International Nuclear Information System (INIS)

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

Mandatory IFRS adoption and executive compensation: Evidence from China

OpenAIRE

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...

Perubahan Relevansi Nilai dalam Informasi Akuntansi Setelah Adopsi IFRS

Directory of Open Access Journals (Sweden)

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.

IFRS Adoption and Financial Reporting Quality: Taiwan Experience

OpenAIRE

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...

Audit fees and IFRS accounting - Is information costly?

OpenAIRE

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...

A Barrel IFR Instrumented With Limited Streamer Tubes for BABAR Experiment

International Nuclear Information System (INIS)

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

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

OpenAIRE

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...

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

Science.gov (United States)

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.

IFRS ADOPTION AND EARNINGS MANAGEMENT IN BRAZILIAN PUBLICLY TRADED COMPANIES

Directory of Open Access Journals (Sweden)

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.

Övergången till IFRS : Konsekvenser

OpenAIRE

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...

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

NARCIS (Netherlands)

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

A Study on Data Base for the Pyroprocessing Material Flow and MUF Uncertainty Simulation

International Nuclear Information System (INIS)

Sitompul, Yos Panagaman; Shin, Heesung; Han, Boyoung; Kim, Hodong

2011-01-01

The data base for the pyroprocessing material flow and MUF uncertainty simulation has been implemented well. There is no error in the data base processing and it is relatively fast by using OLEDB and MySQL. The important issue is the data base size. In OLEDB the data base size is limited to 2 Gb. To reduce the data base size, we give an option for users to filter the input nuclides based on their masses and activities. A simulation program called PYMUS has been developed to study the pyroprocessing material flow and MUF. In the program, there is a data base system that controls the data processing in the simulation. The data base system consists of input data base, data processing, and output data base. The data base system has been designed in such a way to be efficient. One example is using the OLEDB and MySQL. The data base system is explained in detail in this paper. The result shows that the data base system works well in the simulation

Review of GIF PR and PP Evaluation Case Study for Application to Pyroprocessing

Energy Technology Data Exchange (ETDEWEB)

Kim, H. M.; Ahn, S. K.; Kwon, E. H.; Kim, H. D. [Korea Atomic Energy Research Institute, Daejeon (Korea, Republic of)

2014-05-15

This paper has summarized and reviewed the ESFR case study, as it relates to the application of the evaluation methods to pyroprocessing facilities as well as the sodium fast reactor fuel cycle in the future as a self-assessment study. The GIF PR and PP evaluation methodology and the case study both addressed physical protection, but this paper focuses only on proliferation resistance. It does not consider physical protection. The Generation IV International Forum (GIF) emphasizes proliferation resistance and physical protection (PR and PP) as one of the main aspects to be considered regarding future nuclear energy systems (NESs). As such, the PR and PP Working Group developed an evaluation methodology and applied it to the Example Sodium Fast Reactor (ESFR) as a case study. This paper has summarized and reviewed the ESFR case study, as it relates to the application of the evaluation methods to pyroprocessing facilities as well as the sodium fast reactor fuel cycle in the future as a self-assessment study. The GIF PR and PP evaluation methodology and the case study both addressed physical protection, but this paper focuses only on proliferation resistance. It does not consider physical protection.

Review of GIF PR and PP Evaluation Case Study for Application to Pyroprocessing

International Nuclear Information System (INIS)

Kim, H. M.; Ahn, S. K.; Kwon, E. H.; Kim, H. D.

2014-01-01

This paper has summarized and reviewed the ESFR case study, as it relates to the application of the evaluation methods to pyroprocessing facilities as well as the sodium fast reactor fuel cycle in the future as a self-assessment study. The GIF PR and PP evaluation methodology and the case study both addressed physical protection, but this paper focuses only on proliferation resistance. It does not consider physical protection. The Generation IV International Forum (GIF) emphasizes proliferation resistance and physical protection (PR and PP) as one of the main aspects to be considered regarding future nuclear energy systems (NESs). As such, the PR and PP Working Group developed an evaluation methodology and applied it to the Example Sodium Fast Reactor (ESFR) as a case study. This paper has summarized and reviewed the ESFR case study, as it relates to the application of the evaluation methods to pyroprocessing facilities as well as the sodium fast reactor fuel cycle in the future as a self-assessment study. The GIF PR and PP evaluation methodology and the case study both addressed physical protection, but this paper focuses only on proliferation resistance. It does not consider physical protection

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

OpenAIRE

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...

Recent innovations in IFR safety research

International Nuclear Information System (INIS)

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

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

Directory of Open Access Journals (Sweden)

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.

IFRS 4 - pojistné smlouvy II.fáze

OpenAIRE

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...

Characterization of IFR metal fuel fragmentation

International Nuclear Information System (INIS)

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

Immobilization of Technetium Waste from Pyro-processing Using Tellurite Glasses

Energy Technology Data Exchange (ETDEWEB)

Heo, Jong; Pyo, Jae-Young; Lee, Cheong-Won [POSTECH, Pohang (Korea, Republic of); Yang, Jae-Hwan; Park, Hwan-Seo [Korea Atomic Energy Research Institute, Daejeon (Korea, Republic of)

2016-10-15

Vitrification of Tc wastes has been challenging because of the low solubility in the silicate glass and high volatility in the melting process. In previous studies, the measured solubility of Tc and Re was ⁓ 3000 ppm at 1000 .deg. C in low activity waste (LAW) glass. And retention of Tc has been reported within 12 - 77% during the borosilicate vitrification process. Tellurite glasses have been studied for halide waste immobilization due to low melting temperatures (Tm= 600-800 .deg. C) and flexibility of network with foreign ions. Tellurite glasses offered higher halide retention than borosilicate glasses. The structure of pure tellurite (TeO{sub 2}) consists of TeO{sub 4} trigonal bipyramids (tbp), but TeO{sub 4} units are converted to TeO{sub 3} trigonal pyramids (tp) having non-bridging oxygen (NBO) as the modifiers added. Objectives of this study are to investigate the tellurite glasses for Tc immobilization using Re as a surrogate. Retention and waste loading of Re were analyzed during the vitrification process of tellurite glass. We investigated local structures of Re ions in glasses by Raman and X-ray absorption spectroscopies. The tellurite glass was investigated to immobilize the Ca(TcO{sub 4}){sub 2}, surrogated by Ca(ReO{sub 4}){sub 2}. The average of Re retention in tellurite glass was 86%. The 7-day PCT results were satisfied with U.S requirement up to 9 mass% of Ca(ReO{sub 4}){sub 2} content. Re in the tellurite glass exists +7 oxidation state and was coordinated with 4 oxygen.

IFRS 8 Toimintasegmentit standardin ongelmia tilintarkastuksen näkökulmasta

OpenAIRE

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...

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

DEFF Research Database (Denmark)

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...

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

Directory of Open Access Journals (Sweden)

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.

Radioactive Waste Generation in Pyro-SFR Nuclear Fuel Cycle

International Nuclear Information System (INIS)

Gao, Fanxing; Park, Byung Heung; Ko, Won Il

2011-01-01

Which nuclear fuel cycle option to deploy is of great importance in the sustainability of nuclear power. SFR fuel cycle employing pyroprocessing (named as Pyro- SFR Cycle) is one promising fuel cycle option in the near future. Radioactive waste generation is a key criterion in nuclear fuel cycle system analysis, which considerably affects the future development of nuclear power. High population with small territory is one special characteristic of ROK, which makes the waste management pretty important. In this study, particularly the amount of waste generation with regard to the promising advanced fuel cycle option was evaluated, because the difficulty of deploying an underground repository for HLW disposal requires a longer time especially in ROK

EU adoption of the IFRS 8 standard on operating segments

OpenAIRE

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.

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

OpenAIRE

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...

General aaproach to the IFRS and US GAAP convergence

Directory of Open Access Journals (Sweden)

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.

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

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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.

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

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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.

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

NARCIS (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

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

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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.

Energy audit and conservation opportunities for pyroprocessing unit of a typical dry process cement plant

International Nuclear Information System (INIS)

Kabir, G.; Abubakar, A.I.; El-Nafaty, U.A.

2010-01-01

Cement production process has been highly energy and cost intensive. The cement plant requires 8784 h per year of the total operating hours to produce 640,809 tonnes of clinker. To achieve effective and efficient energy management scheme, thermal energy audit analysis was employed on the pyroprocessing unit of the cement plant. Fuel combustion generates the bulk of the thermal energy for the process, amounting to 95.48% (4164.02 kJ/kg cl ) of the total thermal energy input. Thermal efficiency of the unit stands at 41%, below 50-54% achieved in modern plants. The exhaust gases and kiln shell heat energy losses are in significant quantity, amounting to 27.9% and 11.97% of the total heat input respectively. To enhance the energy performance of the unit, heat losses conservation systems are considered. Waste heat recovery steam generator (WHRSG) and Secondary kiln shell were studied. Power and thermal energy savings of 42.88 MWh/year and 5.30 MW can be achieved respectively. Financial benefits for use of the conservation methods are substantial. Environmental benefit of 14.10% reduction in Greenhouse gases (GHG) emissions could be achieved.

Energy audit and conservation opportunities for pyroprocessing unit of a typical dry process cement plant

Energy Technology Data Exchange (ETDEWEB)

Kabir, G.; Abubakar, A.I.; El-Nafaty, U.A. [Chemical Engineering Programme, Abubakar Tafawa Balewa University, P. M. B. 0248, Bauchi (Nigeria)

2010-03-15

Cement production process has been highly energy and cost intensive. The cement plant requires 8784 h per year of the total operating hours to produce 640,809 tonnes of clinker. To achieve effective and efficient energy management scheme, thermal energy audit analysis was employed on the pyroprocessing unit of the cement plant. Fuel combustion generates the bulk of the thermal energy for the process, amounting to 95.48% (4164.02 kJ/kg{sub cl}) of the total thermal energy input. Thermal efficiency of the unit stands at 41%, below 50-54% achieved in modern plants. The exhaust gases and kiln shell heat energy losses are in significant quantity, amounting to 27.9% and 11.97% of the total heat input respectively. To enhance the energy performance of the unit, heat losses conservation systems are considered. Waste heat recovery steam generator (WHRSG) and Secondary kiln shell were studied. Power and thermal energy savings of 42.88 MWh/year and 5.30 MW can be achieved respectively. Financial benefits for use of the conservation methods are substantial. Environmental benefit of 14.10% reduction in Greenhouse gases (GHG) emissions could be achieved. (author)

The Connection between IAS/IFRS and Social Responsibility

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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.

IFRS STANDARDS AND THEIR POLITICAL ACCEPTANCE IN EUROPE AND UNITED STATES

Directory of Open Access Journals (Sweden)

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.

IFR starts to burn up weapons-grade material

International Nuclear Information System (INIS)

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

Financial Reporting Through IFRS

OpenAIRE

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.

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

International Nuclear Information System (INIS)

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

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

Directory of Open Access Journals (Sweden)

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

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

OpenAIRE

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...

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

Directory of Open Access Journals (Sweden)

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.

Immobilization of Radioactive Rare Earth oxide Waste by Solid Phase Sintering

International Nuclear Information System (INIS)

Ahn, Byung Gil; Park, Hwan Seo; Kim, Hwan Young; Lee, Han Soo; Kim, In Tae

2010-01-01

In the pyroprocessing of spent nuclear fuels, LiCl-KCl waste salt containing radioactive rare earth chlorides are generated. The radioactive rare earth oxides are recovered by co-oxidative precipitation of rare earth elements. The powder phase of rare earth oxide waste must be immobilized to produce a monolithic wasteform suitable for storage and ultimate disposal. The immobilization of these waste developed in this study involves a solid state sintering of the waste with host borosilicate glass and zinc titanate based ceramic matrix (ZIT). And the rare-earth monazite which synthesised by reaction of ammonium di-hydrogen phosphate with the rare earth oxides waste, were immobilized with the borosilicate glass. It is shown that the developed ZIT ceramic wasteform is highly resistant the leaching process, high density and thermal conductivity.

Empirical Investigation into the Determinants of Compliance with IFRS 7 Disclosure Requirements

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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.

DO LISTED COMPANIES IN PSE MEET IFRS DISCLOSURE REQUIREMENTS

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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.

IMPLEMENTATION OF IFRS IN UKRAINE AS AN INCENTIVE FOR BUSINESS DEVELOPMENT

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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.

Purification of used eutectic (LiCl-KCl) salt electrolyte from pyroprocessing

Science.gov (United States)

Cho, Yung-Zun; Lee, Tae-Kyo; Eun, Hee-Chul; Choi, Jung-Hoon; Kim, In-Tae; Park, Geun-Il

2013-06-01

The separation characteristics of surrogate rare-earth fission products in a eutectic (LiCl-KCl) molten salt were investigated. This system is based on the eutectic salt used for the pyroprocessing treatment of used nuclear fuel (UNF). The investigation was performed using an integrated rare-earth separation apparatus comprising a precipitation reactor, a solid detachment device, and a layer separation device. To separate rare-earth fission products, a phosphate precipitation method using both Li3PO4 and K3PO4 as a precipitant was performed. The use of an equivalent phosphate precipitant composed of 0.408 molar ratio-K3PO4 and 0.592 molar ratio-Li3PO4 can preserve the original eutectic ratio, LiCl-0.592 molar ratio (or 45.2 wt%), as well as provide a high separation efficiency of over 99.5% under conditions of 550 °C and Ar sparging when using La, Nd, Ce, and Pr chlorides. The mixture of La, Nd, Ce, and Pr phosphate had a typical monoclinic (or monazite) structure, which has been proposed as a reliable host matrix for the permanent disposal of a high-level waste form. To maximize the reusability of purified eutectic waste salt after rare-earth separation, the successive rare-earth separation process, which uses both phosphate precipitation and an oxygen sparging method, were introduced and tested with eight rare-earth (Y, La, Ce, Pr, Nd, Sm, Eu and Gd) chlorides. In the successive rare-earth separation process, the phosphate reaction was terminated within 1 h at 550 °C, and a 4-8 h oxygen sparging time were required to obtain over a 99% separation efficiency at 700-750 °C. The mixture of rare-earth precipitates separated by the successive rare-earth separation process was found to be phosphate, oxychloride, and oxide. Through the successive rare-earth separation process, the eutectic ratio of purified salt maintained its original value, and impurity content including the residual precipitant of purified salt can be minimized.

IAS/IFRS and financial reporting quality: Lessons from the European experience

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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.

DOES IFRS HAVE IMPACT ON EARNING’S QUALITY AND AUDIT FEE?

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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.

Proposed fuel cycle for the Integral Fast Reactor

International Nuclear Information System (INIS)

Burris, L.; Walters, L.C.

1985-01-01

One of the key features of ANL's Integral Fast Reactor (IFR) concept is a close-coupled fuel cycle. The proposed fuel cycle is similar to that demonstrated over the first five to six years of operation of EBR-II, when a fuel cycle facility adjacent to EBR-II was operated to reprocess and refabricate rapidly fuel discharged from the EBR-II. Locating the IFR and its fuel cycle facility on the same site makes the IFR a self-contained system. Because the reactor fuel and the uranium blanket are metals, pyrometallurgical processes (shortned to ''pyroprocesses'') have been chosen. The objectives of the IFR processes for the reactor fuel and blanket materials are to (1) recover fissionable materials in high yield; (2) remove fission products adequately from the reactor fuel, e.g., a decontamination factor of 10 to 100; and (3) upgrade the concentration of plutonium in uranium sufficiently to replenish the fissile-material content of the reactor fuel. After the fuel has been reconstituted, new fuel elements will be fabricated for recycle to the reactor

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

Science.gov (United States)

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…

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

Science.gov (United States)

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...

Konvergence IFRS a US GAAP v oblasti vykazování výnosů

OpenAIRE

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.

A Preliminary Shielding Study on the Integrated Operation Verification System in the Head-End Hot-Cell of the Pyro-processing

Energy Technology Data Exchange (ETDEWEB)

Kim, Jinhwam; Kim, Yewon; Park, Se-Hwan; Ahn, Seong-Kyu; Cho, Gyuseong [KAIST, Daejeon (Korea, Republic of)

2016-10-15

Nuclear power accounts for more than 30 percent of power production in Korea. Its significance has annually been increased. Disposal spent fuel containing uranium, transuranic elements, and fission products is unavoidable byproduct of nuclear power production. it is recognized that finding appropriate sites for interim storage of disposal spent fuel is not easy because isolated sites should be required. Pyro-processing technology, Pyro-processing should be operated under high radiation environment in hot-cell structures. Because of this reason, all workers should be unauthorized to access inside the hot-cell areas under any circumstances except for acceptable dose verification and a normal operation should be remotely manipulated. For the reliable normal operation of pyroprocessing, it is noted that an evaluation of the space dose distribution in the hot-cell environments is necessary in advance in order to determine which technologies or instruments can be utilized on or near the process as the Integrated Operation Verification System (IOVS) is measured. Not like the electroreduction and electro-refining hot-cells, the head-end hot-cell equips Camera Radiation Detector (CRD) in which plutonium is securely measured and monitored for the safeguard of the pyro-processing. Results have been obtained using F2 surface tally in order to observe the magnitude of the gamma-ray and neutron flux which pass through the surface of the process cell. Furthermore, T-mesh tally has also been used to obtain the space dose distribution in the headend hot-cell. The hot-cell was divided into 7,668 cells in which each dimension was 1 x 1 x 1m for the T-mesh tally. To determine the position of the CRD and the surveillance camera, divergent approaches were required. Because the purpose of the CRD which contains a gamma-ray detector and a neutron detector is to identify the material composition as the process proceeds, the position in which detectable flux is exposed is required, whereas

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

Directory of Open Access Journals (Sweden)

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.

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

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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.

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

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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.

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

DEFF Research Database (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...

Adoption of IFRS in Brazil: Effects on Accounting Conservatism

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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.

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

OpenAIRE

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...

Proces tvorby, schvalování a uplatňování IFRS

OpenAIRE

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...

The IFR modern nuclear fuel cycle

International Nuclear Information System (INIS)

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

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

Science.gov (United States)

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).

Layering of IFRS and Dual Institutionality of Accounting Standards in Belarus

OpenAIRE

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...

US ADOPTION OF IFRS MAY HELP TO JUMPSTART THE US ECONOMY

OpenAIRE

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 ...

Convergence of Romanian accounting regulations with IFRS. A longitudinal analysis

Directory of Open Access Journals (Sweden)

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.

Muudetud IFRS 3 ja IAS 27 / Monika Peetson

Index Scriptorium Estoniae

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

Specifics of IFRS Adoption by Central and Eastern European Countries: Evidence from Research

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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.

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

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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.

The IFR modern nuclear fuel cycle

Energy Technology Data Exchange (ETDEWEB)

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.

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

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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.

Process to separate transuranic elements from nuclear waste

Science.gov (United States)

Johnson, T.R.; Ackerman, J.P.; Tomczuk, Z.; Fischer, D.F.

1989-03-21

A process is described for removing transuranic elements from a waste chloride electrolytic salt containing transuranic elements in addition to rare earth and other fission product elements so the salt waste may be disposed of more easily and the valuable transuranic elements may be recovered for reuse. The salt is contacted with a cadmium-uranium alloy which selectively extracts the transuranic elements from the salt. The waste salt is generated during the reprocessing of nuclear fuel associated with the Integral Fast Reactor (IFR). 2 figs.

Process to separate transuranic elements from nuclear waste

International Nuclear Information System (INIS)

Johnson, T.R.; Ackerman, J.P.; Tomczuk, Z.; Fischer, D.F.

1989-01-01

A process is described for removing transuranic elements from a waste chloride electrolytic salt containing transuranic elements in addition to rare earth and other fission product elements so the salt waste may be disposed of more easily and the valuable transuranic elements may be recovered for reuse. The salt is contacted with a cadmium-uranium alloy which selectively extracts the transuranic elements from the salt. The waste salt is generated during the reprocessing of nuclear fuel associated with the Integral Fast Reactor (IFR). 2 figs

Status of the Integral Fast Reactor fuel cycle demonstration and waste management practices

International Nuclear Information System (INIS)

Benedict, R.W.; Goff, K.M.; McFarlane, H.F.

1994-01-01

Over the past few years, Argonne National Laboratory has been preparing for the demonstration of the fuel cycle for the Integral Fast Reactor (IFR), an advanced reactor concept that takes advantage of the properties of metallic fuel and liquid metal cooling to offer significant improvements in reactor safety and operations, fuel-cycle economics, environmental protection, and safeguards. The IFR fuel cycle, which will be demonstrated at Argonne-West in Idaho, employs a pyrometallurgical process using molten salts and liquid metals to recover actinides from spent fuel. The required facility modifications and process equipment for the demonstration are nearing completion. Their status and the results from initial fuel fabrication work, including the waste management aspects, are presented. Additionally, estimated compositions of the various process waste streams have been made, and characterization and treatment methods are being developed. The status of advanced waste processing equipment being designed and fabricated is described

Issues in Fair Value Accounting under IFRS

OpenAIRE

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.

PERBANDINGAN LAPORAN KEUANGAN (LAPORAN LABA RUGI SEBELUM DAN SESUDAH PENERAPAN IFRS SERTA PENGARUHNYA TERHADAP RETURN SAHAM PADA PERUSAHAAN MANUFAKTUR

Directory of Open Access Journals (Sweden)

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.

A novel framework for intelligent signal detection via artificial neural networks for cyclic voltammetry in pyroprocessing technology

International Nuclear Information System (INIS)

Rakhshan Pouri, Samaneh; Manic, Milos; Phongikaroon, Supathorn

2018-01-01

Highlights: •First time ANN implementation toward pyroprocessing safeguards. •Real time monitoring in terms of intelligent materials detection and accountability. •CV simulation via ANN showing a high accuracy of prediction for the unseen situation. •Elimination of trial and error approach to avoid overfitting in learning. -- Abstract: Electrorefiner (ER) is the heart of pyroprocessing technology which contains different fission, rare-earth, and transuranic chloride compositions during the operation. This is still a developing technology that needs to be advanced for the commercial reprocessing design of used nuclear fuel (UNF) in terms of intelligent materials detection and accountability towards safeguards. A novel signal detection, artificial neural network (ANN), has been proposed in this study to apply on massive ER systemic parameters to simulate cyclic voltammetry (CV) graphs for the unseen situation. ANN could be trained to mimic the system by driving the data sets interrelation between variables to provide current and potential simulated data sets with a high accuracy of prediction. For this purpose, over 230,000 experimental data points reported in literature have been explored—0.5–5 wt% of zirconium chloride (ZrCl 4 ) in LiCl-KCl molten salt with different scan rates at 773 K. This study has illustrated a new framework of ANN implementation to eliminate trial and error approach by comparing the average error of one to three hidden layers with different number of neurons. In addition, this framework results in finding a preferable balance between underfitting and overfitting in deep learning. Furthermore, simulated CV graphs were compared with the experimental data and illustrated a reasonable prediction. The results reveal two structures with three hidden layers providing a good prediction with a low average error. The outcomes indicate that ANN has a strong potential in applying toward safeguards for pyroprocessing technology.

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

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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

The combined hybrid system: A symbiotic thermal reactor/fast reactor system for power generation and radioactive waste toxicity reduction

International Nuclear Information System (INIS)

Hollaway, W.R.

1991-08-01

If there is to be a next generation of nuclear power in the United States, then the four fundamental obstacles confronting nuclear power technology must be overcome: safety, cost, waste management, and proliferation resistance. The Combined Hybrid System (CHS) is proposed as a possible solution to the problems preventing a vigorous resurgence of nuclear power. The CHS combines Thermal Reactors (for operability, safety, and cost) and Integral Fast Reactors (for waste treatment and actinide burning) in a symbiotic large scale system. The CHS addresses the safety and cost issues through the use of advanced reactor designs, the waste management issue through the use of actinide burning, and the proliferation resistance issue through the use of an integral fuel cycle with co-located components. There are nine major components in the Combined Hybrid System linked by nineteen nuclear material mass flow streams. A computer code, CHASM, is used to analyze the mass flow rates CHS, and the reactor support ratio (the ratio of thermal/fast reactors), IFR of the system. The primary advantages of the CHS are its essentially actinide-free high-level radioactive waste, plus improved reactor safety, uranium utilization, and widening of the option base. The primary disadvantages of the CHS are the large capacity of IFRs required (approximately one MW e IFR capacity for every three MW e Thermal Reactor) and the novel radioactive waste streams produced by the CHS. The capability of the IFR to burn pure transuranic fuel, a primary assumption of this study, has yet to be proven. The Combined Hybrid System represents an attractive option for future nuclear power development; that disposal of the essentially actinide-free radioactive waste produced by the CHS provides an excellent alternative to the disposal of intact actinide-bearing Light Water Reactor spent fuel (reducing the toxicity based lifetime of the waste from roughly 360,000 years to about 510 years)

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

Directory of Open Access Journals (Sweden)

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.

Dlouhodobý hmotný majetek dle IAS/IFRS a českých předpisů/Fixed Assets according to IAS/IFRS and Czech Legislation

OpenAIRE

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...

Use of curium neutron flux from head-end pyroprocessing subsystems for the High Reliability Safeguards methodology

Energy Technology Data Exchange (ETDEWEB)

Borrelli, R.A., E-mail: r.angelo.borrelli@gmail.com

2014-10-01

The deployment of nuclear energy systems (NESs) is expanding around the world. Nations are investing in NESs as a means to establish energy independence, grow national economies, and address climate change. Transitioning to the advanced nuclear fuel cycle can meet growing energy demands and ensure resource sustainability. However, nuclear facilities in all phases of the advanced fuel cycle must be ‘safeguardable,’ where safety, safeguards, and security are integrated into a practical design strategy. To this end, the High Reliability Safeguards (HRS) approach is a continually developing safeguardability methodology that applies intrinsic design features and employs a risk-informed approach for systems assessment that is safeguards-motivated. Currently, a commercial pyroprocessing facility is used as the example system. This paper presents a modeling study that investigates the neutron flux associated with processed materials. The intent of these studies is to determine if the neutron flux will affect facility design, and subsequently, safeguardability. The results presented in this paper are for the head-end subsystems in a pyroprocessing facility. The collective results from these studies will then be used to further develop the HRS methodology.

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

Directory of Open Access Journals (Sweden)

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

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

OpenAIRE

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...

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

OpenAIRE

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...

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

Directory of Open Access Journals (Sweden)

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.

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

OpenAIRE

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)...

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

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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.

Burnup Measurement of Spent Fuel Assembly by CZT-based Gamma-ray Spectroscopy for Input Nuclear Material Accountancy of Pyroprocessing

International Nuclear Information System (INIS)

Seo, Hee; Oh, Jong-Myeong; Shin, Hee-Sung; Kim, Ho-Dong; Lee, Seung-Kyu; Park, Se-Hwan

2013-06-01

Input nuclear material accountancy is crucial for a pyroprocessing facility safeguards. Until a direct Pu measurement technique is established, an indirect method based on code calculations with burnup measurement and neutron counting for 244 Cm could be a practical option. Burnup can be determined by destructive analysis (DA) for final dispositive accuracy or by nondestructive assay (NDA) for near-real time accountancy. In the present study, an underwater burnup measurement system based on gamma-ray spectroscopy with the CZT detector was developed and tested on a spent fuel assembly. Burnup was determined according to the 134 Cs/ 137 Cs activity ratio with efficiency correction by Geant4 Monte Carlo simulations. The activity ratio as a function of burnup was obtained by ORIGEN calculations. The measured burnup error was 8.6%, which was within the measurement uncertainty. It is expected that the underwater burnup measurement system could fulfill an important role as a means of near-real time accountancy at a future pyroprocessing facility. (authors)

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

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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.

CONSOLIDATED FINANCIAL STATEMENTS UNDER IFRS

OpenAIRE

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 ...

Compatibility of the IFRS for Small and Medium-sized Entities and the new EU-Accounting Directive

Directory of Open Access Journals (Sweden)

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.

Current Status of Advanced Nuclear Fuel Cycle technologies

International Nuclear Information System (INIS)

Hwang, Yong Soo; Lee, Jong Hyun

2009-07-01

To expand the use of nuclear energy, SNF from nuclear power plants must be managed in a safe and environmental friendly and the problem of decreasing uranium should be solved. To resolve this, a dry processing technology Pyroprocessing is focused on. The government started to develop of Pyroprocessing technology in 1997. According to the decision of government based of Atomic Energy Commission in December 2008, the Korea Atomic Energy Research Institute will construct PRIDE (Pyroprocess Integrated Inactive DEmonstration Facility) by 2011 to prove a consistent process. If Pyroprocessing technology will be developed in the near future, the size of radioactive waste disposal site can be reduced to 100 times compared to the direct disposal. When this technology will be connected to Fast Reactor. high level nuclear waste management of Hundreds of thousands of years may be reduced to hundreds years. However for the commercialization of Pyroprocessing technology, there are some problems to solve. First, because of none commercial facilities in the world of executive experience, so that the facility design, measurement. management and material flow, the critical need for data accumulation. Second, High-level nuclear waste have been known to generate more than the wet methods, it should continue to reduce technology development. In addition, a careful consideration of the residual uranium generating on process also can maximize the efficiency of reducing. The new concept is being developed in Korea Atomic Energy Research Institute Pyroprocessing technology and nuclear waste processing technology to overcome these drawbacks sUQQested a way

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

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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.

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

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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.

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

Science.gov (United States)

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.

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

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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.

A Specific Long-Term Plan for Management of U.S. Nuclear Spent Fuel

International Nuclear Information System (INIS)

Levy, Salomon

2006-01-01

A specific plan consisting of six different steps is proposed to accelerate and improve the long-term management of U.S. Light Water Reactor (LWR) spent nuclear fuel. The first step is to construct additional, centralized, engineered (dry cask) spent fuel facilities to have a backup solution to Yucca Mountain (YM) delays or lack of capacity. The second step is to restart the development of the Integral Fast Reactor (IFR), in a burner mode, because of its inherent safety characteristics and its extensive past development in contrast to Acceleration Driven Systems (ADS). The IFR and an improved non-proliferation version of its pyro-processing technology can burn the plutonium (Pu) and minor actinides (MA) obtained by reprocessing LWR spent fuel. The remaining IFR and LWR fission products will be treated for storage at YM. The radiotoxicity of that high level waste (HLW) will fall below that of natural uranium in less than one thousand years. Due to anticipated increased capital, maintenance, and research costs for IFR, the third step is to reduce the required number of IFRs and their potential delays by implementing multiple recycles of Pu and Neptunium (Np) MA in LWR. That strategy is to use an advanced separation process, UREX+, and the MIX Pu option where the role and degradation of Pu is limited by uranium enrichment. UREX+ will decrease proliferation risks by avoiding Pu separation while the MIX fuel will lead to an equilibrium fuel recycle mode in LWR which will reduce U. S. Pu inventory and deliver much smaller volumes of less radioactive HLW to YM. In both steps two and three, Research and Development (R and D) is to emphasize the demonstration of multiple fuel reprocessing and fabrication, while improving HLW treatment, increasing proliferation resistance, and reducing losses of fissile material. The fourth step is to license and construct YM because it is needed for the disposal of defense wastes and the HLW to be generated under the proposed plan. The

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

OpenAIRE

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...

Pengaruh Mekanisme Corporate Governance Terhadap Tingkat Kepatuhan Mandatory Disclosure Konvergensi IFRS di Perbankan

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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.

IMPACT OF IFRS ADOPTION ON ROMANIAN COMPANIES

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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.

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

OpenAIRE

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 ...

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

Directory of Open Access Journals (Sweden)

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.

Fair Value in the light of IFRS 13 «Fair Value Measurement»

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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.

The IFR Online Detector Control system at the BaBar Experiment

International Nuclear Information System (INIS)

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

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

International Nuclear Information System (INIS)

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

IFRS 1 - První přijetí Mezinárodních standardů účetního výkaznictví

OpenAIRE

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.

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

Science.gov (United States)

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.

REVENUE RELATED TO ORDINARY ACTIVITIES ACCORDING TO IFRS AND ROMANIAN REGULATIONS

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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.

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

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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.

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

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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.

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

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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.

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

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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.

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

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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.

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

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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.

A search for AGN activity in Infrared-Faint Radio Sources (IFRS)

Science.gov (United States)

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.

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

OpenAIRE

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...

Earnings persistence and value relevance with the adoption of IFRS: a study of companies in GLENIF countries

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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.

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

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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

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

OpenAIRE

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...

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

NARCIS (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

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

NARCIS (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

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

Directory of Open Access Journals (Sweden)

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

Waste Minimization Study on Pyrochemical Reprocessing Processes

International Nuclear Information System (INIS)

Boussier, H.; Conocar, O.; Lacquement, J.

2006-01-01

Ideally a new pyro-process should not generate more waste, and should be at least as safe and cost effective as the hydrometallurgical processes currently implemented at industrial scale. This paper describes the thought process, the methodology and some results obtained by process integration studies to devise potential pyro-processes and to assess their capability of achieving this challenging objective. As example the assessment of a process based on salt/metal reductive extraction, designed for the reprocessing of Generation IV carbide spent fuels, is developed. Salt/metal reductive extraction uses the capability of some metals, aluminum in this case, to selectively reduce actinide fluorides previously dissolved in a fluoride salt bath. The reduced actinides enter the metal phase from which they are subsequently recovered; the fission products remain in the salt phase. In fact, the process is not so simple, as it requires upstream and downstream subsidiary steps. All these process steps generate secondary waste flows representing sources of actinide leakage and/or FP discharge. In aqueous processes the main solvent (nitric acid solution) has a low boiling point and evaporate easily or can be removed by distillation, thereby leaving limited flow containing the dissolved substance behind to be incorporated in a confinement matrix. From the point of view of waste generation, one main handicap of molten salt processes, is that the saline phase (fluoride in our case) used as solvent is of same nature than the solutes (radionuclides fluorides) and has a quite high boiling point. So it is not so easy, than it is with aqueous solutions, to separate solvent and solutes in order to confine only radioactive material and limit the final waste flows. Starting from the initial block diagram devised two years ago, the paper shows how process integration studies were able to propose process fittings which lead to a reduction of the waste variety and flows leading at an 'ideal

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

OpenAIRE

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...

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

OpenAIRE

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 ...

ACCOUNTING POLICIES OF COMPANIES IN THE FRAMEWORK OF IFRS

Directory of Open Access Journals (Sweden)

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.

IFRS-raportointi keskisuurten ja suurten listaamattomien yritysten näkökulmasta

OpenAIRE

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...

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

Directory of Open Access Journals (Sweden)

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.

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

Energy Technology Data Exchange (ETDEWEB)

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.

Assessment of business subsidiary operations and consolidated financial statements through a common global accounting language, IFRS vs. GAAP

Directory of Open Access Journals (Sweden)

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.

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

OpenAIRE

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...

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

OpenAIRE

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...

MANAJEMEN LABA AKRUAL DAN RIIL SEBELUM DAN SETELAH ADOPSI WAJIB IFRS DI UNI EROPA

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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

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

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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.

R and D activities on the management of waste chloride salts in KAERI

International Nuclear Information System (INIS)

In-Tae, Kim; Hwan-Seo, Park; Jeong-Gook, Kim; Hee-Chul, Yang; Yong-Joon, Cho; Eung-Ho Kim

2007-01-01

Full text of publication follows. Electrochemical treatment of spent oxide fuels has been intensively studied in KAERI to reduce the volume, heat load and radiotoxicity of high-level wastes. It consists of an electrolytic reduction process to convert the oxide fuel into a metallic form and an electro-refining process to separate TRU elements from the electro-reduced metal ingot. Two types of waste salts are expected to generate from the electrochemical pyro-processes, that is, LiCl salt from the reduction process and LiCl+KCl eutectic salt form the refining process. The R and D strategy of the waste salt management in KAERI can be categorized into two parts: 1) enhancement of safety by the stabilisation/solidification of waste salt that is to be finally disposed of and 2) reduction of the waste generation by the regeneration/recycle of the spent salt after removal of radionuclides in it. A sol-gel technique and a zeolite occlusion technique are under development to stabilize the waste salt. The LiCl salt is stabilised by a low-temperature sol-gel process and then the gel product is solidified into a ceramic-like waste form with an addition of glass frit. Another method uses Zeolite-4A to occlude the LiCl salt into its cage and adsorption site to immobilize the radionuclides. The product, salt-occluded zeolite, is fabricated into another type of a ceramic waste form. For the regeneration and recycle of the spent salt, the radionuclides in the salt are removed by a zeolite process for the LiCl salt and by an oxidation/distillation process for the eutectic salt. The target nuclides to be removed in each process are Cs/Sr and rare earth (RE) elements, respectively. In the oxidation/ distillation process, the rare earth chloride nuclides are oxidised by an oxygen sparging method, and the products are precipitated in the form of oxide or oxychloride REs. After separation of the RE elements from the precipitates by distillation, the refined spent salt with a low content

Exploratory analysis of the effectiveness of guarantee derivative instruments from IFRS

Directory of Open Access Journals (Sweden)

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.

IFRS-TILINPÄÄTÖSSTANDARDIT YKSITYISEN OSAKEYHTIÖN NÄKÖKULMASTA

OpenAIRE

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...

The impact of corporate governance on IFRS adoption choices

NARCIS (Netherlands)

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

Vykazování dlouhodobého hmotného majetku podle IFRS

OpenAIRE

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 ...

IFRS and US GAAP convergence in the area of business combination

Directory of Open Access Journals (Sweden)

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.

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

OpenAIRE

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.

TECHNICAL ASPECTS COMPARING THE IFRS AND THE US GAAP CONCERNING FINANCIAL INVESTMENT COMPANIES

Directory of Open Access Journals (Sweden)

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.

Status of liquid metal reactor development in the United States of America

Energy Technology Data Exchange (ETDEWEB)

Griffith, Jerry D [Reactor Systems Development and Technology, Office of Nuclear Energy, U.S. Department of Energy (United States); Horton, Kenneth E [Division of International Programs, Office of Nuclear Energy, U.S. Department of Energy (United States)

1992-07-01

, advanced instrumentation and control systems, the development of robotic systems, the use of high performance materials, and the option for on-site fuel processing. The United States has made substantial progress in achieving ALMR program objectives. After a competitive period, a decision was made in 1988 to select the General Electric ALMR concept known as PRISM (Power Reactor Innovative Small Module) for advanced conceptual design. Significant accomplishments have been achieved in design, licensing and economics, even though the original schedule has been stretched due to funding limitations. The Department of Energy's role is to advance the concept to a sufficient level that would enable private sector and/or international interests to further development and construction of a full size prototype plant. A key strategy within the U.S. ALMR program is to evaluate the potential of metal fuel based on the Integral Fast Reactor (IFR) concept developed at ANL. The technology supports practical actinide recycling. The metal fuel cycle is designed to recycle and burn its own minor actinides, and has the potential to be a very effective utilizer of the Pu and minor actinides generated in the LWRs. The entire ALMR system can thus extend uranium resources by a hundred-fold, making nuclear essentially the same as a renewable energy source. The scientific principles involved in the IFR concept have been shown to be soundly-based, surpassing expectations in several instances. The IFR Program is developing a comprehensive technology and is now preparing the definitive technology demonstration of the economic feasibility of the concept. The development effort includes large scale irradiation of the U-Pu-Zr ternary alloy metallic fuel to provide the basis for commercial fabrication specification; optimization of the flowsheet for the IFR pyroprocessing method for efficient fuel recycle and waste management; design and testing of plant-scale pyroprocessing equipment; characterization of

Status of liquid metal reactor development in the United States of America

International Nuclear Information System (INIS)

Griffith, Jerry D.; Horton, Kenneth E.

1992-01-01

, advanced instrumentation and control systems, the development of robotic systems, the use of high performance materials, and the option for on-site fuel processing. The United States has made substantial progress in achieving ALMR program objectives. After a competitive period, a decision was made in 1988 to select the General Electric ALMR concept known as PRISM (Power Reactor Innovative Small Module) for advanced conceptual design. Significant accomplishments have been achieved in design, licensing and economics, even though the original schedule has been stretched due to funding limitations. The Department of Energy's role is to advance the concept to a sufficient level that would enable private sector and/or international interests to further development and construction of a full size prototype plant. A key strategy within the U.S. ALMR program is to evaluate the potential of metal fuel based on the Integral Fast Reactor (IFR) concept developed at ANL. The technology supports practical actinide recycling. The metal fuel cycle is designed to recycle and burn its own minor actinides, and has the potential to be a very effective utilizer of the Pu and minor actinides generated in the LWRs. The entire ALMR system can thus extend uranium resources by a hundred-fold, making nuclear essentially the same as a renewable energy source. The scientific principles involved in the IFR concept have been shown to be soundly-based, surpassing expectations in several instances. The IFR Program is developing a comprehensive technology and is now preparing the definitive technology demonstration of the economic feasibility of the concept. The development effort includes large scale irradiation of the U-Pu-Zr ternary alloy metallic fuel to provide the basis for commercial fabrication specification; optimization of the flowsheet for the IFR pyroprocessing method for efficient fuel recycle and waste management; design and testing of plant-scale pyroprocessing equipment; characterization of

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

Directory of Open Access Journals (Sweden)

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

IFRS 8 Operating Segments - A Closer Look

OpenAIRE

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).

Knock-Down of the IFR1 Protein Perturbs the Homeostasis of Reactive Electrophile Species and Boosts Photosynthetic Hydrogen Production in Chlamydomonas reinhardtii.

Science.gov (United States)

Venkanna, Deepak; Südfeld, Christian; Baier, Thomas; Homburg, Sarah V; Patel, Anant V; Wobbe, Lutz; Kruse, Olaf

2017-01-01

The protein superfamily of short-chain dehydrogenases/reductases (SDR), including members of the atypical type (aSDR), covers a huge range of catalyzed reactions and in vivo substrates. This superfamily also comprises isoflavone reductase-like (IRL) proteins, which are aSDRs highly homologous to isoflavone reductases from leguminous plants. The molecular function of IRLs in non-leguminous plants and green microalgae has not been identified as yet, but several lines of evidence point at their implication in reactive oxygen species homeostasis. The Chlamydomonas reinhardtii IRL protein IFR1 was identified in a previous study, analyzing the transcriptomic changes occurring during the acclimation to sulfur deprivation and anaerobiosis, a condition that triggers photobiological hydrogen production in this microalgae. Accumulation of the cytosolic IFR1 protein is induced by sulfur limitation as well as by the exposure of C. reinhardtii cells to reactive electrophile species (RES) such as reactive carbonyls. The latter has not been described for IRL proteins before. Over-accumulation of IFR1 in the singlet oxygen response 1 ( sor1 ) mutant together with the presence of an electrophile response element, known to be required for SOR1-dependent gene activation as a response to RES, in the promoter of IFR1 , indicate that IFR1 expression is controlled by the SOR1-dependent pathway. An implication of IFR1 into RES homeostasis, is further implied by a knock-down of IFR1 , which results in a diminished tolerance toward RES. Intriguingly, IFR1 knock-down has a positive effect on photosystem II (PSII) stability under sulfur-deprived conditions used to trigger photobiological hydrogen production, by reducing PSII-dependent oxygen evolution, in C. reinhardtii . Reduced PSII photoinhibition in IFR1 knock-down strains prolongs the hydrogen production phase resulting in an almost doubled final hydrogen yield compared to the parental strain. Finally, IFR1 knock-down could be

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

OpenAIRE

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...

The Effect of the Mandatory Application of IFRS on the Value Relevance of Accounting Data: Some Evidence from Greece

OpenAIRE

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...

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

OpenAIRE

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...

GRAU DE INTANGIBILIDADE FRENTE À CONVERGÊNCIA ÀS IFRS EM EMPRESAS LISTADAS NA BM&FBOVESPA

Directory of Open Access Journals (Sweden)

Fernando Maciel Ramos

2016-12-01

Full Text Available O objetivo desse estudo é verificar o impacto do processo de convergência às IFRS no grau de intangibilidade de empresas listadas na BM&FBOVESPA. O universo da pesquisa é composto pelas companhias brasileiras listadas na BM&FBovespa. A amostra final compreendeu 904 observações no período de 2006 a 2012. Foi testada, por meio de Regressão de Dados em Painel, a relação entre o grau de intangibilidade das empresas e as variáveis total do ativo e patrimônio líquido, ROA, ROE, preço das ações e ativo intangível, além de duas dummies para capturar os efeitos dos períodos pré e pós-IFRS. Os resultados apontam uma influência negativa da adoção das IFRS sobre o grau de intangibilidade (GI das entidades analisadas, embora não significativa. A redução no GI indica que o patrimônio líquido contábil está mais próximo do valor de mercado das empresas analisadas após a adoção das IFRS. Conclui-se, assim, que há indícios de uma tendência de melhoria da qualidade da informação contábil com o processo de convergência às IFRS.

Fair Value in the light of IFRS 13 «Fair Value Measurement»

OpenAIRE

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...

The Integral Fast Reactor (IFR) concept

International Nuclear Information System (INIS)

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

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

OpenAIRE

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...

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

OpenAIRE

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...

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

Directory of Open Access Journals (Sweden)

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.

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

OpenAIRE

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...

Pengaruh Mekanisme Corporate Governance Terhadap Tingkat Kepatuhan Mandatory Disclosure Pasca Konvergensi IFRS

Directory of Open Access Journals (Sweden)

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

Revaluasi Inventory dengan Menu Standard pada SAP-B1 Sesuaikah dengan IFRS

Directory of Open Access Journals (Sweden)

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.

The Differences Cost of Equity Capital between Before and After Adoption of IFRS

Directory of Open Access Journals (Sweden)

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.

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

OpenAIRE

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...

The EU’s Adoption of IFRS and the Implication for China : In the Perspective of Accounting Quality and Information Comparability

OpenAIRE

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...

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

OpenAIRE

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.

Vykazování hráčských smluv ve fotbale dle IFRS

OpenAIRE

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.

1998 Fuel Use and Emissions for Danish IFR Flights

DEFF Research Database (Denmark)

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...

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

OpenAIRE

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...

Adopsi IFRS Dan Relevansi Nilai Informasi Akuntansi

OpenAIRE

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...

An Analysis of International Financial Reporting Standards (IFRS) Issues Concerning Some Elements of Accounting in Oil and Gas Industries in Nigeria

OpenAIRE

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...

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

Directory of Open Access Journals (Sweden)

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.

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

OpenAIRE

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...

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

Directory of Open Access Journals (Sweden)

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.

Perception of Preparers and Auditors on New Revenue Recognition Standard (IFRS 15: Evidence From Egypt

Directory of Open Access Journals (Sweden)

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.

Physics studies of weapons plutonium disposition in the IFR closed fuel cycle

International Nuclear Information System (INIS)

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

Aspetti tributari dei crediti d’impresa contabilizzati secondo gli Ias/Ifrs: prime riflessioni sistematiche

OpenAIRE

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...

IFRS 9 implementation in banks and macroeconomic scenarios: Some methodological aspects

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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.

EMPIRICAL STUDY REGARDING PERCEPTIONS OF THE IFRS FOR SMEs IN ARAD COUNTY

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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.

Nuclear Criticality Calculation for Determining the Bach Size in a Pyroprocessing Facility

International Nuclear Information System (INIS)

Ko, Won Il; Lee, Ho Hee; Chang, Hong Rae; Song, Dae Yong; Kwon, Eun Ha; Jung, Chang Jun; Yoon, Suk Kyun

2009-01-01

The criticality analysis in a pyroprocessing facility is very important element for the R and D and the facility design in terms of the determination of batch size of the sub-processes as well as facility safety. Particularly, the determining the batch size is essential at the beginning stage of the R and D. In this report, the criticality analysis was carried out for the subprocesses such as voloxidation, electrolytic reduction, electrorefining and electrowinning process in order to estimate the maximum batch size of each process by using Monte Carlo code (MCNP4/C2). On the whole, the criticality problem could not give a big effect on the batch sizes in the voloxidation, electrolytic reduction and electrorefining. However, it was resulted that permissible amount of nuclear material to prevent the criticality accident in the electrowinning process was about 10kgHM

Nuclear Criticality Calculation for Determining the Bach Size in a Pyroprocessing Facility

Energy Technology Data Exchange (ETDEWEB)

Ko, Won Il; Lee, Ho Hee; Chang, Hong Rae; Song, Dae Yong; Kwon, Eun Ha; Jung, Chang Jun; Yoon, Suk Kyun [KAERI, Daejeon (Korea, Republic of)

2009-01-15

The criticality analysis in a pyroprocessing facility is very important element for the R and D and the facility design in terms of the determination of batch size of the sub-processes as well as facility safety. Particularly, the determining the batch size is essential at the beginning stage of the R and D. In this report, the criticality analysis was carried out for the subprocesses such as voloxidation, electrolytic reduction, electrorefining and electrowinning process in order to estimate the maximum batch size of each process by using Monte Carlo code (MCNP4/C2). On the whole, the criticality problem could not give a big effect on the batch sizes in the voloxidation, electrolytic reduction and electrorefining. However, it was resulted that permissible amount of nuclear material to prevent the criticality accident in the electrowinning process was about 10kgHM

Effect of the Adoption of IFRS on the Information Relevance of Accounting Profits in Brazil

Directory of Open Access Journals (Sweden)

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.

Value-Relevance of Biological Assets under IFRS

OpenAIRE

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...

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

OpenAIRE

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...

Which analysts benefited most from mandatory IFRS adoption in Europe?

NARCIS (Netherlands)

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

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

Directory of Open Access Journals (Sweden)

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.

14 CFR 125.205 - Equipment requirements: Airplanes under IFR.

Science.gov (United States)

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...

Pengaruh PSAK 50/55 (Revisi 2014 Berbasis IFRS dan Kualitas Audit Terhadap Manajemen Laba

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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.

Adoção das IFRS no Brasil: Efeitos no Conservadorismo Contábil

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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.

Recycling option search for a 600 MWE sodium-cooled transmutation fast reactor

Energy Technology Data Exchange (ETDEWEB)

Lee, Yong Kyo; Kim, Myung Hyun [Dept. of Nuclear Engineering, Kyung Hee University, Yongin (Korea, Republic of)

2015-02-15

Four recycling scenarios involving pyroprocessing of spent fuel (SF) have been investigated for a 600-MWe transmutation sodium-cooled fast reactor (SFR), KALIMER. Performance evaluation was done with code system REBUS connected with TRANSX and TWODANT. Scenario Number 1 is the pyroprocessing of Canada deuterium uranium (CANDU) SF. Because the recycling of CANDU SF does not have any safety problems, the CANDU-Pyro- SFR system will be possible if the pyroprocessing capacity is large enough. Scenario Number 2 is a feasibility test of feed SF from a pressurized water reactor PWR. The sensitivity of cooling time before prior to pyro-processing was studied. As the cooling time increases, excess reactivity at the beginning of the equilibrium cycle (BOEC) decreases, thereby creating advantageous reactivity control and improving the transmutation performance of minor actinides. Scenario Number 3 is a case study for various levels of recovery factors of transuranic isotopes (TRUs). If long-lived fission products can be separated during pyroprocessing, the waste that is not recovered is classified as low- and intermediate-level waste, and it is sufficient to be disposed of in an underground site due to very low-heat-generation rate when the waste cooling time becomes >300 years at a TRU recovery factor of 99.9%. Scenario Number 4 is a case study for the recovery factor of rare earth (RE) isotopes. The RE isotope recovery factor should be lowered to 20% in order to make sodium void reactivity less than <7$, which is the design limit of a metal fuel.

Recycling option search for a 600-MWe sodium-cooled transmutation fast reactor

Directory of Open Access Journals (Sweden)

Yong Kyo Lee

2015-02-01

Full Text Available Four recycling scenarios involving pyroprocessing of spent fuel (SF have been investigated for a 600-MWe transmutation sodium-cooled fast reactor (SFR, KALIMER. Performance evaluation was done with code system REBUS connected with TRANSX and TWODANT. Scenario Number 1 is the pyroprocessing of Canada deuterium uranium (CANDU SF. Because the recycling of CANDU SF does not have any safety problems, the CANDU-Pyro-SFR system will be possible if the pyroprocessing capacity is large enough. Scenario Number 2 is a feasibility test of feed SF from a pressurized water reactor PWR. The sensitivity of cooling time before prior to pyro-processing was studied. As the cooling time increases, excess reactivity at the beginning of the equilibrium cycle (BOEC decreases, thereby creating advantageous reactivity control and improving the transmutation performance of minor actinides. Scenario Number 3 is a case study for various levels of recovery factors of transuranic isotopes (TRUs. If long-lived fission products can be separated during pyroprocessing, the waste that is not recovered is classified as low- and intermediate-level waste, and it is sufficient to be disposed of in an underground site due to very low-heat-generation rate when the waste cooling time becomes >300 years at a TRU recovery factor of 99.9%. Scenario Number 4 is a case study for the recovery factor of rare earth (RE isotopes. The RE isotope recovery factor should be lowered to ≤20% in order to make sodium void reactivity less than <7$, which is the design limit of a metal fuel.

Performance assessment modeling of high level nuclear wasteforms from the pyroprocess fuel cycle

International Nuclear Information System (INIS)

Nutt, W.M.; Hill, R.N.; Bullen, D.B.

1995-01-01

Several performance assessment (PA) analyses have been completed to estimate the release to the accessible environment of radionuclides from spent light water reactor (LWR) fuel emplaced in the proposed Yucca Mountain repository. Probabilistic methods were utilized based on the complexity of the repository system. Recent investigations have been conducted to identify the merits of a pyroprocess fuel cycle. This cycle utilizes high temperature molten salts and metals to partially separate actinides and fission products. In a closed liquid metal reactor (LMR) fuel cycle, this allows recycling of nearly all of the actinides. In a once-through cycle, this isolates the actinides for storage into a wasteform which can be specifically tailored for their retention. With appropriate front-end treatment, this Process can also be used to treat LWR spent fuel

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

OpenAIRE

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...

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

Directory of Open Access Journals (Sweden)

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.

THE IMPACT OF IFRS ON REPORTING FOR BUSINESS COMBINATIONS: AN IN-DEPTH ANALYSIS USING THE TELECOMMUNICATIONS INDUSTRY

Directory of Open Access Journals (Sweden)

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.

A review of compatibility of IFR fuel and austenitic stainless steel

International Nuclear Information System (INIS)

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

What's the Rush? IFRS, the SEC, and the Pressure on Accounting Instructors to Teach Still More Financial Reporting Rules

Science.gov (United States)

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…

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

International Nuclear Information System (INIS)

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

IFRS Accounting in progress : From a student perspective

OpenAIRE

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...

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

Directory of Open Access Journals (Sweden)

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.

The Mandatory Introduction of IFRS as a Single Accounting Standard in the European Union and the Effect on Earnings Management

NARCIS (Netherlands)

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

Pyrochemical recovery of actinides

International Nuclear Information System (INIS)

Laidler, J.J.

1993-01-01

This report discusses an important advantage of the Integral Fast Reactor (IFR) which 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

Pyrochemical recovery of actinides

Energy Technology Data Exchange (ETDEWEB)

Laidler, J.J.

1993-03-01

This report discusses an important advantage of the Integral Fast Reactor (IFR) which 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.

Pyrochemical recovery of actinides

Energy Technology Data Exchange (ETDEWEB)

Laidler, J.J.

1993-01-01

This report discusses an important advantage of the Integral Fast Reactor (IFR) which 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.

Interpretasi Investor Non-Profesional Atas Implementasi International Financial Reporting Standard (IFRS) 8 Dan Pernyataan Standar Akuntansi Keuangan (PSAK) 5 Dalam Perspektif Framing Information

OpenAIRE

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...

Impairment nefinančných aktív podľa IFRS a US GAAP

OpenAIRE

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...

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

Data.gov (United States)

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...

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

OpenAIRE

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...

EFEITOS DAS IFRS NO CONSERVADORISMO CONTÁBIL: UM ESTUDO EM COMPANHIAS ABERTAS DOS PAÍSES MEMBROS DO GLENIF

Directory of Open Access Journals (Sweden)

Antônio Carlos Brunozi Júnior

2015-12-01

Full Text Available É compreensível que devido a relevância dos relatórios contábeis e sua maior importância com a adoção das IFRS haja nas empresas uma preocupação com os fatores que causam interferência na sua qualidade, bem como, com os critérios utilizados na sua formação, consistência e avaliação. Dentre os fatores que exercem influencia na qualidade das informações contábeis está o conservadorismo, definido por Basu (1997 como um reconhecimento assimétrico das perdas em relação aos ganhos, se refletem as más notícias mais rapidamente do que as boas notícias. Considerando este contexto, o presente estudo tem o objetivo de avaliar as magnitudes das influências das IFRS nos níveis de conservadorismo contábil das práticas adotadas nos países membros do GLENIF, mais especificadamente, Argentina, Brasil, Chile, Colômbia, México e Peru no período de 2003 a 2013. Com uma amostra de 513 empresas e 5643 observações, aplicou-se por meio de dados em painel a equação original de Basu (1997 e, posteriormente, incluiu-se uma variável dummy considerando os efeitos da adoção das IFRS no conservadorismo. Os resultados indicaram que, mesmo com a adoção das IFRS notou-se no Brasil e no México a presença de práticas conservadoristas. Na Argentina constatou-se situação contrária, as IFRS amenizaram o conservadorismo nas empresas do país. Já no Chile, Colômbia e Peru os resultados não significativos foram insuficientes para indicarem a presença de conservadorismo após a adoção das IFRS.

Optimization of hybrid-type instrumentation for Pu accountancy of U/TRU ingot in pyroprocessing.

Science.gov (United States)

Seo, Hee; Won, Byung-Hee; Ahn, Seong-Kyu; Lee, Seung Kyu; Park, Se-Hwan; Park, Geun-Il; Menlove, Spencer H

2016-02-01

One of the final products of pyroprocessing for spent nuclear fuel recycling is a U/TRU ingot consisting of rare earth (RE), uranium (U), and transuranic (TRU) elements. The amounts of nuclear materials in a U/TRU ingot must be measured as precisely as possible in order to secure the safeguardability of a pyroprocessing facility, as it contains the most amount of Pu among spent nuclear fuels. In this paper, we propose a new nuclear material accountancy method for measurement of Pu mass in a U/TRU ingot. This is a hybrid system combining two techniques, based on measurement of neutrons from both (1) fast- and (2) thermal-neutron-induced fission events. In technique #1, the change in the average neutron energy is a signature that is determined using the so-called ring ratio method, according to which two detector rings are positioned close to and far from the sample, respectively, to measure the increase of the average neutron energy due to the increased number of fast-neutron-induced fission events and, in turn, the Pu mass in the ingot. We call this technique, fast-neutron energy multiplication (FNEM). In technique #2, which is well known as Passive Neutron Albedo Reactivity (PNAR), a neutron population's changes resulting from thermal-neutron-induced fission events due to the presence or absence of a cadmium (Cd) liner in the sample's cavity wall, and reflected in the Cd ratio, is the signature that is measured. In the present study, it was considered that the use of a hybrid, FNEM×PNAR technique would significantly enhance the signature of a Pu mass. Therefore, the performance of such a system was investigated for different detector parameters in order to determine the optimal geometry. The performance was additionally evaluated by MCNP6 Monte Carlo simulations for different U/TRU compositions reflecting different burnups (BU), initial enrichments (IE), and cooling times (CT) to estimate its performance in real situations. Copyright © 2015 Elsevier Ltd. All

Experiments investigating the effects of the accelerating gap voltage pulse on the ion focused (IFR) high current electron recirculators

International Nuclear Information System (INIS)

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

IFRS IN ROMANIAN BANKING SYSTEM. LIMITS AND CHALLENGES

OpenAIRE

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...

A Principles-Based Approach to Teaching International Financial Reporting Standards (IFRS)

Science.gov (United States)

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.…

USING CENTER HOLE HEAT TRANSFER TO REDUCE FORMATION TIMES FOR CERAMIC WASTE FORMS FROM PYROPROCESSING

International Nuclear Information System (INIS)

Kenneth J. Bateman; Charles W. Solbrig

2006-01-01

The waste produced from processing spent fuel from the EBR II reactor must be processed into a waste form suitable for long term storage in Yucca Mountain. The method chosen produces zeolite granules mixed with glass frit, which must then be converted into a solid. This is accomplished by loading it into a can and heating to 900 C in a furnace regulated at 915 C. During heatup to 900 C, the zeolite and glass frit react and consolidate to produce a sodalite monolith. The resultant ceramic waste form (CWF) is then cooled. The waste is 52 cm in diameter and initially 300 cm long but consolidates to 150 cm long during the heating process. After cooling it is then inserted in a 5-DHLW/DOE SNF Long Canister. Without intervention, the waste takes 82 hours to heat up to 900 C in a furnace designed to geometrically fit the cylindrical waste form. This paper investigates the reduction in heating times possible with four different methods of additional heating through a center hole. The hole size is kept small to maximize the amount of CWF that is processed in a single run. A hole radius of 1.82 cm was selected which removes only 1% of the CWF. A reference computation was done with a specified inner hole surface temperature of 915 C to provide a benchmark for the amount of improvement which can be made. It showed that the heatup time can potentially be reduced to 43 hours with center hole heating. The first method, simply pouring high temperature liquid aluminum into the hole, did not produce any noticeable effect on reducing heat up times. The second method, flowing liquid aluminum through the hole, works well as long as the velocity is high enough (2.5 cm/sec) to prevent solidification of the aluminum during the initial front movement of the aluminum into the center hole. The velocity can be reduced to 1 cm/sec after the initial front has traversed the ceramic. This procedure reduces the formation time to near that of the reference case. The third method, flowing a gas

Dampak Konvergensi IFRS, Karakteristik Perusahaan, dan Kualitas Auditor Terhadap Audit Delay

Directory of Open Access Journals (Sweden)

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.

Characteristics of solidified products containing radioactive molten salt waste.

Science.gov (United States)

Park, Hwan-Seo; Kim, In-Tae; Cho, Yong-Zun; Eun, Hee-Chul; Kim, Joon-Hyung

2007-11-01

The molten salt waste from a pyroprocess to recover uranium and transuranic elements is one of the problematic radioactive wastes to be solidified into a durable wasteform for its final disposal. By using a novel method, named as the GRSS (gel-route stabilization/solidification) method, a molten salt waste was treated to produce a unique wasteform. A borosilicate glass as a chemical binder dissolves the silicate compounds in the gel products to produce one amorphous phase while most of the phosphates are encapsulated by the vitrified phase. Also, Cs in the gel product is preferentially situated in the silicate phase, and it is vitrified into a glassy phase after a heat treatment. The Sr-containing phase is mainly phosphate compounds and encapsulated by the glassy phase. These phenomena could be identified by the static and dynamic leaching test that revealed a high leach resistance of radionuclides. The leach rates were about 10(-3) - 10(-2) g/m2 x day for Cs and 10(-4) - 10(-3) g/m2 x day for Sr, and the leached fractions of them were predicted to be 0.89% and 0.39% at 900 days, respectively. This paper describes the characteristics of a unique wasteform containing a molten salt waste and provides important information on a newly developed immobilization technology for salt wastes, the GRSS method.

How Prepared are Nigerian Small and Medium Scale Enterprises (SMEs for the Adoption of International Financial Reporting Standards (IFRS? Evidence from a Survey

Directory of Open Access Journals (Sweden)

Babajide Michael Oyewo

2015-03-01

Full Text Available January 2014 was set to be the take-off period for Nigerian SMEs to adopt IFRS. As Nigeria enters the transition phase of IFRS adoption for SMEs, there is a need to assess the level of preparedness for adoption, which is the focus of this paper. The population of the study is the SME proprietors in Nigeria, but samples were selected from Lagos, because of constraints in covering the entire 36 states of the country. Data was collected through self-administered questionnaires, by requesting SME proprietors to provide ranking on a 1-4 scale, on issues stemming from IFRS adoption by SMEs. Cluster sampling technique was used to administer 200 copies of the research instrument in two cluster sites having a proliferation of SMEs in Lagos— Alaba International Market in Ojo local government and Computer Village in Ikeja.141 copies of the instrument were retrieved but 136 copies found usable for analysis. Percentage Analysis, Mean, Standard deviation and factor analysis (using the principal component analysis extraction method were used for analysis. A model for preparedness for IFRS adoption was formulated by regressing the factors influencing adoption on the level of preparedness. Results show that there is the need for IFRS adoption by SMEs in Nigeria because of the expected benefits to accrue. The level of preparedness for IFRS adoption (M= 2.32, SD=1.032 was however found to be low.

Interpretasi Investor Non-Profesional atas Implementasi International Financial Reporting Standard (IFRS 8 dan Pernyataan Standar Akuntansi Keuangan (PSAK 5 dalam Perspektif Framing Information

Directory of Open Access Journals (Sweden)

Erni Suryandari

2016-12-01

Full Text Available 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 used to test hypotetical result is multiple regression with additional analysis using SPSS ver. 16. The results show that segment information in IFRS 8 with positive frame positive and significantly affect non professional investor’s interpretation than those in PSAK 5 with positive frame. In contrast, segment information in PSAK 5 with negative frame positive and significantly affect non professional investor’s interpretation than those in IFRS 8 with negative frame. This study proves that assessment and individu interpretation can be affected by framing and Prospect Theory plays a role in option choosing and the assessment. There is no difference in interpretation by investor non professional when the information given such as difference format

An empirical study on the influence of IFRS and regulations on the quality of financial reporting of isted companies in a developing country

Directory of Open Access Journals (Sweden)

Wadesango, N.

2016-11-01

Full Text Available This research sought to establish if International Accounting Standards (IAS, International Financial Reporting Standards (IFRS and regulations in Zimbabwe have been associated with increased financial reporting quality for listed companies. The study adopted mixed research approach. Questionnaires and unstructured interviews were used as research instruments to collect primary data. Content analysis was also adopted to triangulate the results. Target population was the listed companies in Zimbabwe. The study found a significant negative relationship between voluntary adoption of IFRS and earnings management of listed companies in Zimbabwe. The negative relationship may indicate that IFRS does not promote earnings management for voluntary adopters, thereby implying an increased financial reporting quality. It is recommended that top management, external auditors and regulators being the key players in standards, should work together and tighten compliance so that impact of IFRS could be felt more

Experiments investigating the effects of the accelerating gap voltage pulse on the ion focused (IFR) high current electron recirculators

International Nuclear Information System (INIS)

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

Development of High-Temperature Transport System for Molten Salt in Pyroprocessing

International Nuclear Information System (INIS)

Lee, Sung Ho; Kim, In Tae; Park, Sung Bin

2014-01-01

The electrorefining process, which is a key process in pyroprocessing, is composed of two parts, electrorefining to deposit a uranium with a solid cathode and electrowinning to co-deposit TRU and RE with a liquid cadmium cathode (LCC). As the electrorefining operation proceedes, TRU and RE are accumulated in electrolyte LiCl-KCl salt, and after the electrorefining process, the molten salt used in an electrorefining reactor should by transported to the next process, the electrowinning process, to recover U/TRU/RE; Thus, a molten salt transfer system by suction is now being developed. An apparatus for suction transport experiments was designed and constructed for the development of high- temperature molten salt transport technology. Suction transport experiments were performed using LiC-KCl eutectic salt. The feasibility of pyro-reprocessing has been demonstrated through many laboratory-scale experiments. In pyroprocessing, a eutectic LiCl-KCl salt was used as a liquid elextrolyte for a recovery of actinides. However, reliable transport technologies for these high temperature liquids have not yet been developed. A preliminary study on high-temperature transport technology for molten salt by suction is now being carried out. In this study, three different salt transport technologies (gravity, suction pump, and centrifugal pump) were investigated to select the most suitable method for molten salt transport. An apparatus for suction transport experiments was designed and installed for the development of high-temperature molten salt transport technology. Basic preliminary suction transport experiments were carried out using the prepared LiC-KCl eutectic salt at 500 .deg. C to observe the transport behavior of LiCl-KCl molten salt. In addition, a PRIDE salt transport system was designed and installed for an engineering-scale salt transport demonstration. Several types of suction transport experiments using molten salt (LiCl-KCl eutectics) for the development of a high

Development of High-Temperature Transport System for Molten Salt in Pyroprocessing

Energy Technology Data Exchange (ETDEWEB)

Lee, Sung Ho; Kim, In Tae; Park, Sung Bin [Korea Atomic Energy Research Institute, Daejeon (Korea, Republic of)

2014-05-15

The electrorefining process, which is a key process in pyroprocessing, is composed of two parts, electrorefining to deposit a uranium with a solid cathode and electrowinning to co-deposit TRU and RE with a liquid cadmium cathode (LCC). As the electrorefining operation proceedes, TRU and RE are accumulated in electrolyte LiCl-KCl salt, and after the electrorefining process, the molten salt used in an electrorefining reactor should by transported to the next process, the electrowinning process, to recover U/TRU/RE; Thus, a molten salt transfer system by suction is now being developed. An apparatus for suction transport experiments was designed and constructed for the development of high- temperature molten salt transport technology. Suction transport experiments were performed using LiC-KCl eutectic salt. The feasibility of pyro-reprocessing has been demonstrated through many laboratory-scale experiments. In pyroprocessing, a eutectic LiCl-KCl salt was used as a liquid elextrolyte for a recovery of actinides. However, reliable transport technologies for these high temperature liquids have not yet been developed. A preliminary study on high-temperature transport technology for molten salt by suction is now being carried out. In this study, three different salt transport technologies (gravity, suction pump, and centrifugal pump) were investigated to select the most suitable method for molten salt transport. An apparatus for suction transport experiments was designed and installed for the development of high-temperature molten salt transport technology. Basic preliminary suction transport experiments were carried out using the prepared LiC-KCl eutectic salt at 500 .deg. C to observe the transport behavior of LiCl-KCl molten salt. In addition, a PRIDE salt transport system was designed and installed for an engineering-scale salt transport demonstration. Several types of suction transport experiments using molten salt (LiCl-KCl eutectics) for the development of a high

Characterization of Delayed-Particle Emission Signatures for Pyroprocessing. Part 1: ABTR Fuel Assembly.

Energy Technology Data Exchange (ETDEWEB)

Durkee, Jr., Joe W. [Los Alamos National Lab. (LANL), Los Alamos, NM (United States)

2015-06-19

A three-part study is conducted using the MCNP6 Monte Carlo radiation-transport code to calculate delayed-neutron (DN) and delayed-gamma (DG) emission signatures for nondestructive assay (NDA) metal-fuel pyroprocessing. In Part 1, MCNP6 is used to produce irradiation-induced used nuclear fuel (UNF) isotopic inventories for an Argonne National Laboratory (ANL) Advanced Burner Test Reactor (ABTR) preconceptual design fuel assembly (FA) model. The initial fuel inventory consists of uranium mixed with light-water-reactor transuranic (TRU) waste and 10 wt% zirconium (U-LWR-SFTRU-10%Zr). To facilitate understanding, parametric evaluation is done using models for 3% and 5% initial ²³⁵U a% enrichments, burnups of 5, 10, 15, 20, 30, …, 120 GWd/MTIHM, and 3-, 5-, 10-, 20-, and 30- year cooling times. Detailed delayed-particle radioisotope source terms for the irradiate FA are created using BAMF-DRT and SOURCES3A. Using simulation tallies, DG activity ratios (DGARs) are developed for ¹³⁴Cs/¹³⁷Cs ¹³⁴Cs/¹⁵⁴Eu, and ¹⁵⁴Eu/¹³⁷Cs markers as a function of (1) burnup and (2) actinide mass, including elemental uranium, neptunium, plutonium, americium, and curium. Spectral-integrated DN emission is also tallied. The study reveals a rich assortment of DGAR behavior as a function of DGAR type, enrichment, burnup, and cooling time. Similarly, DN emission plots show variation as a function of burnup and of actinide mass. Sensitivity of DGAR and DN signatures to initial ²³⁵U enrichment, burnup, and cooling time is evident. Comparisons of the ABTR radiation signatures and radiation signatures previously reported for a generic Westinghouse oxide-fuel assembly indicate that there are pronounced differences in the ABTR and Westinghouse oxide-fuel DN and DG signatures. These differences are largely attributable to the initial TRU inventory in the ABTR fuel. The actinide and nonactinide inventories for the

De invloed van IFRS 16 leases op de jaarrekening van lessees

NARCIS (Netherlands)

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

The Impact of Applying the IFRS Accounting Rules on the Business Environment

Directory of Open Access Journals (Sweden)

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.

Intended and unintended consequences of mandatory IFRS adoption: A review of extant evidence and suggestions for future research

OpenAIRE

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...

Hedge accounting under IFRS 9: an analysis of reforms

Directory of Open Access Journals (Sweden)

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.

Analisis Perbedaan Earnings Response Coefficient (ERC) Sebelum Dan Setelah Adopsi IFRS Pada Perusahaan Yang Tercatat Dalam Bursa Efek Indonesia

OpenAIRE

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...

Adopción de IFRS y gerenciamiento de resultado en las empresas brasileñas de capital abierto

Directory of Open Access Journals (Sweden)

Roberto Midoguti Joia

2014-01-01

Full Text Available El Brasil adoptó, en 2007, las normas internacionales de contabilidad - International Financial Reporting Standards(IFRS. Pesquisas realizadas con empresas de capital abierto, en varios países del mundo, indican que esa nueva norma tiende a mejorar la calidad de la información y dejarla más comparable y transparente. Frente a eso, el estudio tiene como objetivo verificar si ha habido mudanza en los niveles de gerenciamiento de resultados después de 2010 y si fue en función de la adopción completa de las IFRS por las compañías brasileñas de capital abierto (con excepción de las instituciones financieras. Los datos fueron extraídos de las demostraciones contables trimestrales de los bancos de datos del Economática y de la Comisión de Valores Mobiliarios referentes al período de 2006 a 2011. Para alcanzar el objetivo de la pesquisa, fueron efectuados dos tests. El primero mostró que los accruals discrecionales, calculados por medio del Modelo de Jones Modificado, tuvieron media menor después de 2010. A continuación, fue elaborado el análisis de regresión con datos dispuestos en panel con corrección de Newey-West. Los resultados no confirmaron la hipótesis de que la adopción de las IFRS afectó al nivel de gerenciamiento de resultados en el período analizado, pero mostraron que el tamaño y el endeudamiento explican significativamente los accruals discrecionales, independientemente de la adopción de las IFRS. Los resultados sugieren que empresas mayores y con elevada proporción de capital propio tienden a producir informes con mejor calidad, independientemente de la adopción de las IFRS.

Mandatory Adoption of IFRS: It´s Effect on Accounting Quality, Information Environment and Cost of Equity Capital – The Case of Swedish Banks

OpenAIRE

Gautam, Rekha

2011-01-01

IFRS standards are getting acceptance day by day rapidly in all over the world. It is because IFRSs are the global and common language, which are more transparent and comparable for the investors and users residing in different nations. IFRSs are mandatory for all companies listed in capital market within EU from the beginning of 2005. As a member state of EU, Swedish banks also adopted mandatory IFRS from 1 January 2005. However, the banks were already implementing IFRS to some extent as mos...

The possible ways to IFRS (International Financial Reporting Standards for SME (Small and Medium sized Entities development

Directory of Open Access Journals (Sweden)

Hana Bohušová

2007-01-01

Full Text Available The most business entities in Europe are small or medium-sized enterprises (SME, which have a legal obligation to prepare financial statements in accordance with a set of accounting principles accepted in their country. Those statements are available to creditors, suppliers, and national governments but they could be badly understandable to creditors, suppliers and subjects in other countries. This is a great obstacle of their activities in the EU internal market. The existence of 27 different national accounting systems in the EU can be held for the most important obstacle.There are many ways how to develop compatible accounting standards for SMEs but the most significant activity in this field is the research project of IASB (International Accounting Standards Board. IASB has developed IFRS (International Financial Reporting Standards. Even though IFRS are suitable for all enterprises, their application in case of SMEs would be very expensive and could significantly increase compliance costs of taxation. This development has not been finished yet and there are still some problems which need to be solved before the introduction of accounting standards to the public. The research has shown that IFRS for SMEs should be used mainly by the entities which do not have public accountability – i.e. that its equities are not publicly traded and do not hold assets in a fiduciary capacity for a broad group of outsiders. This paper discusses those IFRS modifications, which should be done in case of SMEs.

Sodium aluminum-iron phosphate glass-ceramics for immobilization of lanthanide oxide wastes from pyrochemical reprocessing of spent nuclear fuel

Science.gov (United States)

Stefanovsky, S. V.; Stefanovsky, O. I.; Kadyko, M. I.; Nikonov, B. S.

2018-03-01

Sodium aluminum (iron) phosphate glass ceramics containing of up to 20 wt.% rare earth (RE) oxides simulating pyroprocessing waste were produced by melting at 1250 °C followed by either quenching or slow cooling to room temperature. The iron-free glass-ceramics were composed of major glass and minor phosphotridymite and monazite. The iron-bearing glass-ceramics were composed of major glass and minor monazite and Na-Al-Fe orthophosphate at low waste loadings (5-10 wt.%) and major orthophosphate and minor monazite as well as interstitial glass at high waste loadings (15-20 wt.%). Slowly cooled samples contained higher amount of crystalline phases than quenched ones. Monazite is major phase for REs. Leach rates from the materials of major elements (Na, Al, Fe, P) are 10-5-10-7 g cm-2 d-1, RE elements - lower than 10-5 g cm-2 d-1.

Double-wall IFR cell for conditioning intense relativistic electron beams

International Nuclear Information System (INIS)

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

A fair disclosure of fair value? How IFRS 13 affects fair value disclosure quality for investment properties in Europe

OpenAIRE

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...

The integral fast reactor (IFR) concept: Physics of operation and safety

International Nuclear Information System (INIS)

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

The integral fast reactor (IFR) concept: physics of operation and safety

International Nuclear Information System (INIS)

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

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

Directory of Open Access Journals (Sweden)

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

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

Directory of Open Access Journals (Sweden)

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.

Revenue from Contracts with Customers under IFRS 15: New Perspectives on Practice

Directory of Open Access Journals (Sweden)

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.

Early adoption of the effect of IFRS 15 on the quality of accounting information

Directory of Open Access Journals (Sweden)

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.

Vykazování podle „IFRS for SMEs“ ve společnosti XY, a.s. – případová studie

Directory of Open Access Journals (Sweden)

Šteker Karel

2011-05-01

Full Text Available Cílem článku je posoudit náklady a přínosy vykazování podle mezinárodního standardu účetního výkaznictví pro malé a střední podniky (IFRS for SMEs na příkladu existující české společnosti. Nejprve je uvedeno shrnutí významných rozdílů mezi IFRS for SMEs a českou účetní legislativou a následně je u vybrané společnosti ilustrován způsob vykazování v souladu s IFRS for SMEs. V závěru článku jsou diskutovány náklady a přínosy vykazování podle IFRS for SMEs u této společnosti.

Analysis of general aviation single-pilot IFR incident data obtained from the NASA Aviation Safety Reporting System

Science.gov (United States)

Bergeron, H. P.

1983-01-01

An analysis of incident data obtained from the NASA Aviation Safety Reporting System (ASRS) has been made to determine the problem areas in general aviation single-pilot IFR (SPIFR) operations. The Aviation Safety Reporting System data base is a compilation of voluntary reports of incidents from any person who has observed or been involved in an occurrence which was believed to have posed a threat to flight safety. This paper examines only those reported incidents specifically related to general aviation single-pilot IFR operations. The frequency of occurrence of factors related to the incidents was the criterion used to define significant problem areas and, hence, to suggest where research is needed. The data was cataloged into one of five major problem areas: (1) controller judgment and response problems, (2) pilot judgment and response problems, (3) air traffic control (ATC) intrafacility and interfacility conflicts, (4) ATC and pilot communication problems, and (5) IFR-VFR conflicts. In addition, several points common to all or most of the problems were observed and reported. These included human error, communications, procedures and rules, and work load.

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

Directory of Open Access Journals (Sweden)

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

Impact of IFRS on the quality of financial information in the United Kingdom and France: Evidence from a new perspective

OpenAIRE

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 ...

Standardy IFRS 15 a 16 a jejich dopad na finanční výkonnost podniku

OpenAIRE

Hrušková, Karolína

2017-01-01

This diploma thesis focuses on new accounting standards IFRS 15 and IFRS 16. The aim is to examine how their implementation can affect financial performance of a company. Financial indicators reflecting these impacts are chosen based on identification of key methodical changes. The problem is described on the example of O2 Czech Republic a. s. By performing an impact analysis based on 2016 figures and currently available product and service offering, possible differences between company's res...

Development of advanced treatment technologies of radio-aqueous waste by an environmental friendly decomposition

Energy Technology Data Exchange (ETDEWEB)

Kim, Kwang Wook; Lee, E. H.; Moon, J. K. and others

2006-01-15

This project was aimed at the technology developments of electrode fabrication, electrolytic reactor design and fabrication, electrolytic processes and the analyses of electroytic reaction mechanisms, which were essential elements for the development of electrolytic systems to decompose or teat environmentally- friendly the several salts contained in waste solutions which are to be generated in the fields of nuclear/non-nuclear industries. Major research items carried our in this project were as follows; - Development of technologies to choose and fabricate the anodes and cathodes for the treatments of waste solutions containing nitrogen compounds and organics. - Development of a membrane electrolyzer stacked by mono-polar unit cells with independent series flow path of electrolytes - Development of an electrolyzer with a self-pH adjustment and an electrolytic process for ammonia decomposition by using the electrolyzer - Analysis of electrolytic reaction mechanism of ammonia - Development of an ion exchange membrane electrolyzer with only one discharge of pH-controlled electrolyte solution - Development of electrolytic dechlorination technology for the treatment of chloride molten salt waste salt from pyroprocess. - Development of technologies for treatment of high concentration nitric acid and recovery of waste organic solvent.

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

Directory of Open Access Journals (Sweden)

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.

The Impact Of Country-Level vs Firm-Level Factors On The Effectiveness Of IFRS Adoption: The Case Of European Union

OpenAIRE

Kanogporn Narktabtee; Suntaree Patpanichchot

2011-01-01

The mandatory adoption of IFRS has been encouraged worldwide, with the objective to enhance the quality of accounting information. However, this effort is challenged by the argument that several factors affecting financial reporting incentives still vary across countries. Also, Gaio (2010) indicates that firm-level factors also have significant explanatory power on earning quality. Therefore, it is doubtful whether the mandatory adoption of IFRS can always lead to better quality of accounting...

Zobrazení nemovitostí v účetních závěrkách podle IFRS

OpenAIRE

Malátová, Zuzana

2009-01-01

The main goal of this bachelor's thesis is to create a comprehensive view of displaying properties in financial statements in accordance with International Financial Reporting Standards. Essential aspect for classification of properties from the IFRS view is the purchase itself and the aim of ownership. Such classification is the foundation for respective measurement and disclosure of properties. Even though the accounting rules follow primarily the current wording of the IFRS, in certain pas...

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

Directory of Open Access Journals (Sweden)

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.

The Effects of a Macromolecular Charring Agent with Gas Phase and Condense Phase Synergistic Flame Retardant Capability on the Properties of PP/IFR Composites

Science.gov (United States)

Chen, Hongda; Wang, Jihui; Ding, Anxin; Han, Xia; Sun, Ziheng

2018-01-01

In order to improve the efficiency of intumescent flame retardants (IFRs), a novel macromolecular charring agent named poly(ethanediamine-1,3,5-triazine-p-4-amino-2,2,6,6-tetramethylpiperidine) (PETAT) with gas phase and condense phase synergistic flame-retardant capability was synthesized and subsequently dispersed into polypropylene (PP) in combination with ammonium polyphosphate (APP) via a melt blending method. The chemical structure of PETAT was investigated by Fourier transform infrared spectroscopy (FTIR), and 1H nuclear magnetic resonance (NMR) spectroscopy. Thermal properties of the PETAT and IFR systems were tested by thermogravimetric-derivative thermogravimetric analysis (TGA-DTG) and thermogravimetry–Fourier transform infrared spectroscopy (TG-FTIR). The mechanical properties, thermal stability, flame-retardant properties, water resistance, and structures of char residue in flame-retardant composites were characterized using tensile and flexural strength property tests, TGA, limiting oxygen index (LOI) values before and after soaking, underwritten laboratory-94 (UL-94) vertical burning test, cone calorimetric test (CCT), scanning electron microscopy with energy dispersive X-ray spectrometry (SEM-EDXS), and FTIR. The results indicated that PETAT was successfully synthesized, and when the ratio of APP to PETAT was 2:1 with 25 wt % loading, the novel IFR system could reduce the deterioration of tensile strength and enhance the flexural strength of composites. Meanwhile, the flame-retardant composite was able to pass the UL-94 V-0 rating with an LOI value of 30.3%, and the peak of heat release rate (PHRR), total heat release (THR), and material fire hazard values were considerably decreased compared with others. In addition, composites also exhibited excellent water resistance properties compared with traditional IFR composites. SEM-EDXS and FTIR analyses of the char residues, as well as TG-FTIR analyses of IFR were used to investigate the flame

The Effects of a Macromolecular Charring Agent with Gas Phase and Condense Phase Synergistic Flame Retardant Capability on the Properties of PP/IFR Composites

Directory of Open Access Journals (Sweden)

Hongda Chen

2018-01-01

Full Text Available In order to improve the efficiency of intumescent flame retardants (IFRs, a novel macromolecular charring agent named poly(ethanediamine-1,3,5-triazine-p-4-amino-2,2,6,6-tetramethylpiperidine (PETAT with gas phase and condense phase synergistic flame-retardant capability was synthesized and subsequently dispersed into polypropylene (PP in combination with ammonium polyphosphate (APP via a melt blending method. The chemical structure of PETAT was investigated by Fourier transform infrared spectroscopy (FTIR, and 1H nuclear magnetic resonance (NMR spectroscopy. Thermal properties of the PETAT and IFR systems were tested by thermogravimetric-derivative thermogravimetric analysis (TGA-DTG and thermogravimetry–Fourier transform infrared spectroscopy (TG-FTIR. The mechanical properties, thermal stability, flame-retardant properties, water resistance, and structures of char residue in flame-retardant composites were characterized using tensile and flexural strength property tests, TGA, limiting oxygen index (LOI values before and after soaking, underwritten laboratory-94 (UL-94 vertical burning test, cone calorimetric test (CCT, scanning electron microscopy with energy dispersive X-ray spectrometry (SEM-EDXS, and FTIR. The results indicated that PETAT was successfully synthesized, and when the ratio of APP to PETAT was 2:1 with 25 wt % loading, the novel IFR system could reduce the deterioration of tensile strength and enhance the flexural strength of composites. Meanwhile, the flame-retardant composite was able to pass the UL-94 V-0 rating with an LOI value of 30.3%, and the peak of heat release rate (PHRR, total heat release (THR, and material fire hazard values were considerably decreased compared with others. In addition, composites also exhibited excellent water resistance properties compared with traditional IFR composites. SEM-EDXS and FTIR analyses of the char residues, as well as TG-FTIR analyses of IFR were used to investigate the flame

The Effects of a Macromolecular Charring Agent with Gas Phase and Condense Phase Synergistic Flame Retardant Capability on the Properties of PP/IFR Composites.

Science.gov (United States)

Chen, Hongda; Wang, Jihui; Ni, Aiqing; Ding, Anxin; Han, Xia; Sun, Ziheng

2018-01-11

In order to improve the efficiency of intumescent flame retardants (IFRs), a novel macromolecular charring agent named poly(ethanediamine-1,3,5-triazine-p-4-amino-2,2,6,6-tetramethylpiperidine) (PETAT) with gas phase and condense phase synergistic flame-retardant capability was synthesized and subsequently dispersed into polypropylene (PP) in combination with ammonium polyphosphate (APP) via a melt blending method. The chemical structure of PETAT was investigated by Fourier transform infrared spectroscopy (FTIR), and ¹H nuclear magnetic resonance (NMR) spectroscopy. Thermal properties of the PETAT and IFR systems were tested by thermogravimetric-derivative thermogravimetric analysis (TGA-DTG) and thermogravimetry-Fourier transform infrared spectroscopy (TG-FTIR). The mechanical properties, thermal stability, flame-retardant properties, water resistance, and structures of char residue in flame-retardant composites were characterized using tensile and flexural strength property tests, TGA, limiting oxygen index (LOI) values before and after soaking, underwritten laboratory-94 (UL-94) vertical burning test, cone calorimetric test (CCT), scanning electron microscopy with energy dispersive X-ray spectrometry (SEM-EDXS), and FTIR. The results indicated that PETAT was successfully synthesized, and when the ratio of APP to PETAT was 2:1 with 25 wt % loading, the novel IFR system could reduce the deterioration of tensile strength and enhance the flexural strength of composites. Meanwhile, the flame-retardant composite was able to pass the UL-94 V-0 rating with an LOI value of 30.3%, and the peak of heat release rate (PHRR), total heat release (THR), and material fire hazard values were considerably decreased compared with others. In addition, composites also exhibited excellent water resistance properties compared with traditional IFR composites. SEM-EDXS and FTIR analyses of the char residues, as well as TG-FTIR analyses of IFR were used to investigate the flame

Cenné papíry dluhové - srovnání úpravy v ČÚS a IFRS

OpenAIRE

Chung Thi Huong, Giang

2010-01-01

The aim of this bachelor thesis is to compare the differences between Czech Accounting Standards (CAS) and International Financial Reporting Standards (IFRS) for accounting and reporting of debt securities. The work contains a brief description of the regulation of accounting in the Czech Rep. and the main features of IFRS. The first part focuses on the structure and accounting procedures relating to financial assets within the CAS. The second part deals with the classification, valuation and...

Process to remove rare earth from IFR electrolyte

International Nuclear Information System (INIS)

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

Value Relevance of Embedded Value and IFRS 4 Insurance Contracts

OpenAIRE

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...

State of the art of the KFUE and IfR radioactivity measurement systems

International Nuclear Information System (INIS)

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

Electrochemical processing of spent nuclear fuels: An overview of oxide reduction in pyroprocessing technology

Directory of Open Access Journals (Sweden)

Eun-Young Choi

2015-12-01

Full Text Available The electrochemical reduction process has been used to reduce spent oxide fuel to a metallic form using pyroprocessing technology for a closed fuel cycle in combination with a metal-fuel fast reactor. In the electrochemical reduction process, oxides fuels are loaded at the cathode basket in molten Li2O–LiCl salt and electrochemically reduced to the metal form. Various approaches based on thermodynamic calculations and experimental studies have been used to understand the electrode reaction and efficiently treat spent fuels. The factors that affect the speed of the electrochemical reduction have been determined to optimize the process and scale-up the electrolysis cell. In addition, demonstrations of the integrated series of processes (electrorefining and salt distillation with the electrochemical reduction have been conducted to realize the oxide fuel cycle. This overview provides insight into the current status of and issues related to the electrochemical processing of spent nuclear fuels.

Conditioning of spent nuclear fuel for permanent disposal

International Nuclear Information System (INIS)

Laidler, J.J.

1994-01-01

A compact, efficient method for conditioning spent nuclear fuel is under development This method, known as pyrochemical processing, or open-quotes pyroprocessing,close quotes provides a separation of fission products from the actinide elements present in spent fuel and further separates pure uranium from the transuranic elements. The process can facilitate the timely and environmentally-sound treatment of the highly diverse collection of spent fuel currently in the inventory of the United States Department of Energy (DOE). The pyroprocess utilizes elevated-temperature processes to prepare spent fuel for fission product separation; that separation is accomplished by a molten salt electrorefining step that provides efficient (99.9%) separation of transuranics. The resultant waste forms from the pyroprocess are stable under envisioned repository environment conditions and highly leach-resistant. Treatment of any spent fuel type produces a set of common high-level waste forms, one a mineral and the other a metal alloy, that can be readily qualified for repository disposal and preclude the substantial costs that would be associated with the qualification of the numerous spent fuel types included in the DOE inventory

Pyrochemical processing of DOE spent nuclear fuel

International Nuclear Information System (INIS)

Laidler, J.J.

1995-01-01

A compact, efficient method for conditioning spent nuclear fuel is under development. This method, known as pyrochemical processing, or open-quotes pyroprocessing,close quotes provides a separation of fission products from the actinide elements present in spent fuel and further separates pure uranium from the transuranic elements. The process can facilitate the timely and environmentally-sound treatment of the highly diverse collection of spent fuel currently in the inventory of the United States Department of Energy (DOE). The pyroprocess utilizes elevated-temperature processes to prepare spent fuel for fission product separation; that separation is accomplished by a molten salt electrorefining step that provides efficient (>99.9%) separation of transuranics. The resultant waste forms from the pyroprocess, are stable under envisioned repository environment conditions and highly leach-resistant. Treatment of any spent fuel type produces a set of common high-level waste forms, one a mineral and the other a metal alloy, that can be readily qualified for repository disposal and avoid the substantial costs that would be associated with the qualification of the numerous spent fuel types included in the DOE inventory

Conditioning of spent nuclear fuel for permanent disposal

International Nuclear Information System (INIS)

Laidler, J.J.

1994-01-01

A compact, efficient method for conditioning spent nuclear fuel is under development. This method, known as pyrochemical processing, or pyroprocessing, provides a separation of fission products from the actinide elements present in spent fuel and further separates pure uranium from the transuranic elements. The process can facilitate the timely and environmentally-sound treatment of the highly diverse collection of spent fuel currently in the inventory of the US Department of Energy (DOE). The pyroprocess utilizes elevated-temperature processes to prepare spent fuel for fission product separation; that separation is accomplished by a molten salt electrorefining step that provides efficient (> 99.9%) separation of transuranics. The resultant waste forms from the pyroprocess are stable under envisioned repository environment conditions and highly leach-resistant. Treatment of any spent fuel type produces a set of common high-level waste forms, one a mineral and the other a metal alloy, that can be readily qualified for repository disposal and that avoid the substantial costs that would be associated with the qualification of the numerous spent fuel types included in the DOE inventory

Range data reported to the requirements of the IAS 12 and impact of the IFRS adoption for tax purposes in the tax collection of the Czech Republic

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Simona Jirásková

2013-01-01

Full Text Available An issue of relationship between corporate income tax and accounting is one of the most discussed at present. Until recently the tax base was derived from the accounting profit defined in the Czech accounting law. But from 2004 there are companies which have to use IFRS in bookkeeping and financial reporting and from the perspective of the Czech accounting law they do not care about Czech accounting regulation. On the other hand Czech tax regulation has not accepted this change in the field of European accounting harmonization and still directs to pay tax on the basis of Czech accounting regulation for all entities. Fear of adverse change in tax collection is one of the main reasons why the Czech Tax Administration does not allow to pay income tax under profit or loss patterned on IFRS. The most important goal of this work is to characterize the relationship between accounting profit or loss under IFRS and the tax base of income and to find out the impact of taxation under profit in accordance with IFRS in total tax collection. Basic sample of all analyses consists of 35 accounting entities which mandatorily use IFRS and this sample was also confronted with a list of 106 major payers of income tax published yearly by the Ministry of Finance of the Czech Republic for the needs characterization of the relationship of profit under IFRS and the tax base of income.

IFRS SIMPLIFICAT PENTRU ÎNTREPRINDERI MICI ŞI MIJLOCII

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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.

IFRS and US GAAP convergence in the area of borrowing costs

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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

The Integral Fast Reactor: A practical approach to waste management

International Nuclear Information System (INIS)

Laidler, J.J.

1993-01-01

This report discusses development of the method for pyroprocessing of spent fuel from the Integral Fast Reactor (or Advanced Liquid Metal Reactor). The technology demonstration phase, in which recycle will be demonstrated with irradiated fuel from the EBR-II reactor has been reached. Methods for recovering actinides from spent LWR fuel are at an earlier stage of development but appear to be technically feasible at this time, and a large-scale demonstration of this process has begun. The utilization of fully compatible processes for recycling valuable spent fuel materials promises to provide substantial economic incentives for future applications of the pyroprocessing technology

Factors Influencing Adoption of the International Financial Reporting Standards (IFRS) in Accounting Education

Science.gov (United States)

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…

Zobrazení dlouhodobého hmotného majetku v účetnictví podle české legislativy a IAS/IFRS

OpenAIRE

Lachoutová, Marie

2008-01-01

This diploma thesis is focused on the problematics of non-current tangible assets in accordance with Czech accounting standards, Law of income tax and International financial accounting standards (IAS/IFRS). Work concretely describes determination, valuation, depreciation, impairment accounting and recognizing of non-current tangible assets in accordance with this three mentioned view. In area of IAS/IFRS is emphasized IAS 16 - Property, plant and equipment, IAS 40 - Investment property and I...

Analyzing the problems with the current adoption of IFRS in the companies among India, China, Germany, Russia and Kenya

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Robert Mosomi Ombati

2018-01-01

Full Text Available Accounting information provides past and current financial information of an economic unit for business managers, potential investors, and other interested parties. Internally generated accounting information helps business managers with planning, controlling, and making decisions referred to as managerial accounting information. However, if the companies, which have adopted International Financial Reporting Standards (IFRS globally, cannot generate the same information then the accounting practices need to be improved. For this purpose, the current study was performed with the objectives of measuring relationship between profitability and market capitalization and to analyze the challenges faced by listed firms of various countries in association with the implementation of IFRS. For this purpose, 15 companies were selected from 5 countries including India, China, Germany, Russia and Kenya. The secondary data regarding the correlation between profitability and market capitalization were analyzed to calculate the correlations. The primary data regarding the managers perception were analyzed with multiple regression method using SPSS-19 software to find out the company related variables, investors’ related variables and government agency related variables responsible for problems in the current adoption of IFRS.

IMPLICATIONS REGARDING IMPLEMENTATION OF IAS/IFRS IN THE ROMANIAN ACCOUNTING SYSTEM

OpenAIRE

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...

Stock market synchronicity: an alternative approach to assessing the information impact of Australian IFRS

NARCIS (Netherlands)

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

A Preliminary Study on the Reuse of the Recovered Uranium from the Spent CANDU Fuel Using Pyroprocessing

International Nuclear Information System (INIS)

Park, C. J.; Na, S. H.; Yang, J. H.; Kang, K. H.; Lee, J. W.

2009-01-01

During the pyroprocessing, most of the uranium is gathered in metallic form around a solid cathode during an electro-refining process, which is composed of about 94 weight percent of the spent fuel. In the previous study, a feasibility study has been done to reuse the recovered uranium for the CANDU reactor fuel following the traditional DUPIC (direct use of spent pressurized water reactor fuel into CANDU reactor) fuel fabrication process. However, the weight percent of U-235 in the recovered uranium is about 1 wt% and it is sufficiently re-utilized in a heavy water reactor which uses a natural uranium fuel. The reuse of recovered uranium will bring not only a huge economic profit and saving of uranium resources but also an alleviation of the burden on the management and the disposal of the spent fuel. The research on recycling of recovered uranium was carried out 10 years ago and most of the recovered uranium was assumed to be imported from abroad at that time. The preliminary results showed there is the sufficient possibility to recycle recovered uranium in terms of a reactor's characteristics as well as the fuel performance. However, the spent CANDU fuel is another issue in the storage and disposal problem. At present, most countries are considering that the spent CANDU fuel is disposed directly due to the low enrichment (∼0.5 wt%) of the discharge fissile content and lots of fission products. If mixing the spent CANDU fuel and the spent PWR fuel, the estimated uranium fissile enrichment will be about 0.6 wt% ∼ 1.0 wt% depending on the mixing ratio, which is sufficiently reusable in a CANDU reactor. Therefore, this paper deals with a feasibility study on the recovered uranium of the mixed spent fuel from the pyroprocessing. With the various mixing ratios between the PWR spent fuel and the CANDU spent fuel, a reactor characteristics including the safety parameters of the CANDU reactor was evaluated

Analysis of binding properties and specificity through identification of the interface forming residues (IFR for serine proteases in silico docked to different inhibitors

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da Silveira Carlos H

2010-10-01

Full Text Available Abstract Background Enzymes belonging to the same super family of proteins in general operate on variety of substrates and are inhibited by wide selection of inhibitors. In this work our main objective was to expand the scope of studies that consider only the catalytic and binding pocket amino acids while analyzing enzyme specificity and instead, include a wider category which we have named the Interface Forming Residues (IFR. We were motivated to identify those amino acids with decreased accessibility to solvent after docking of different types of inhibitors to sub classes of serine proteases and then create a table (matrix of all amino acid positions at the interface as well as their respective occupancies. Our goal is to establish a platform for analysis of the relationship between IFR characteristics and binding properties/specificity for bi-molecular complexes. Results We propose a novel method for describing binding properties and delineating serine proteases specificity by compiling an exhaustive table of interface forming residues (IFR for serine proteases and their inhibitors. Currently, the Protein Data Bank (PDB does not contain all the data that our analysis would require. Therefore, an in silico approach was designed for building corresponding complexes The IFRs are obtained by "rigid body docking" among 70 structurally aligned, sequence wise non-redundant, serine protease structures with 3 inhibitors: bovine pancreatic trypsin inhibitor (BPTI, ecotine and ovomucoid third domain inhibitor. The table (matrix of all amino acid positions at the interface and their respective occupancy is created. We also developed a new computational protocol for predicting IFRs for those complexes which were not deciphered experimentally so far, achieving accuracy of at least 0.97. Conclusions The serine proteases interfaces prefer polar (including glycine residues (with some exceptions. Charged residues were found to be uniquely prevalent at the

Analysis of binding properties and specificity through identification of the interface forming residues (IFR) for serine proteases in silico docked to different inhibitors.

Science.gov (United States)

Ribeiro, Cristina; Togawa, Roberto C; Neshich, Izabella A P; Mazoni, Ivan; Mancini, Adauto L; Minardi, Raquel C de Melo; da Silveira, Carlos H; Jardine, José G; Santoro, Marcelo M; Neshich, Goran

2010-10-20

Enzymes belonging to the same super family of proteins in general operate on variety of substrates and are inhibited by wide selection of inhibitors. In this work our main objective was to expand the scope of studies that consider only the catalytic and binding pocket amino acids while analyzing enzyme specificity and instead, include a wider category which we have named the Interface Forming Residues (IFR). We were motivated to identify those amino acids with decreased accessibility to solvent after docking of different types of inhibitors to sub classes of serine proteases and then create a table (matrix) of all amino acid positions at the interface as well as their respective occupancies. Our goal is to establish a platform for analysis of the relationship between IFR characteristics and binding properties/specificity for bi-molecular complexes. We propose a novel method for describing binding properties and delineating serine proteases specificity by compiling an exhaustive table of interface forming residues (IFR) for serine proteases and their inhibitors. Currently, the Protein Data Bank (PDB) does not contain all the data that our analysis would require. Therefore, an in silico approach was designed for building corresponding complexes. The IFRs are obtained by "rigid body docking" among 70 structurally aligned, sequence wise non-redundant, serine protease structures with 3 inhibitors: bovine pancreatic trypsin inhibitor (BPTI), ecotine and ovomucoid third domain inhibitor. The table (matrix) of all amino acid positions at the interface and their respective occupancy is created. We also developed a new computational protocol for predicting IFRs for those complexes which were not deciphered experimentally so far, achieving accuracy of at least 0.97. The serine proteases interfaces prefer polar (including glycine) residues (with some exceptions). Charged residues were found to be uniquely prevalent at the interfaces between the "miscellaneous-virus" subfamily

The Implementation of IAS/IFRS in Romania – Advances and Perspectives

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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

Current status of the Run-Beyond-Cladding Breach (RBCB) tests for the Integral Fast Reactor (IFR)

International Nuclear Information System (INIS)

Batte, G.L.; Pahl, R.G.; Hofman, G.L.

1993-01-01

This paper describes the results from the Integral Fast Reactor (IFR) metallic fuel Run-Beyond-Cladding-Breach (RBCB) experiments conducted in the Experimental Breeder Reactor II (EBR-II). Included in the report are scoping test results and the data collected from the prototypical tests as well as the exam results and discussion from a naturally occurring breach of one of the lead IFR fuel tests. All results showed a characteristic delayed neutron and fission gas release pattern that readily allows for identification and evaluation of cladding breach events. Also, cladding breaches are very small and do not propagate during extensive post breach operation. Loss of fuel from breached cladding was found to be insignificant. The paper will conclude with a brief description of future RBCB experiments planned for irradiation in EBR-II

Penerapan IFRS Dan Pengaruhnya terhadap Keterlambatan Penyampaian Laporan Keuangan: Studi Empiris Perusahana Manufaktur di Bursa Efek Indonesia Periode Tahun 2008-2010

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Stepvanny Margaretta

2012-11-01

Full Text Available There are several factors that affect the company's delay in submitting the financial statements are often referred to as Audit Delay, among others IFRS (International Financial Reporting Standards, firm size, profitability, size public accounting firm, audit opinion, and complexity. One factor that is quite prominent is the application of IFRS that have not been uniform across all companies in Indonesia. It could also lead to Audit Delay. Firm size theoretically means companies bigger scale required to submit financial reports on time. As for profitability, KAP size, and complexity of the audit opinion is also decent enough to be considered as one of the influential factors on Audit Delay. The results of this study indicate that the application of IFRS, profitability, size KAP, audit opinion, and complexity does not have a significant impact on the delay for submission of financial statements. Finaly, a factor that leads to significant effect of time delay submission of financial statements is the size of the company.