Accounting treatment of joint operations in Brazil in light of the current accounting standards

Q3 Economics, Econometrics and Finance

Revista Contabilidade e Financas Pub Date : 2021-09-06 DOI:10.1590/1808-057x202113110

R. Sarquis, A. Santos

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Abstract

ABSTRACT The aim of this paper was to analyze the accounting treatment used by companies in Brazil that have investments in joint operations, in light of the Brazilian and international accounting standards. There are no doubts about the accounting treatment to be used in consolidated statements, but a divergence was identified between the international and Brazilian standards in relation to individual statements. IFRS 11 determines that investors recognize the values of a joint operation proportionally in consolidated and separate statements. However, the Brazilian standard includes a paragraph determining that only joint operations with no legal personality can be measured in individual statements proportionally. CPC 19 foresees different accounting treatments depending on the legal form of the joint operation, omitting the accounting treatment to be used in joint operations with a separate vehicle. The topic of joint operations is relevant, as the accounting treatment used in Brazil can mean our accounting practices do not comply with the international ones. Besides contributing to the literature on joint businesses, this essay indicates to regulatory bodies the need to modify the Brazilian standard so that it fits the international ones. As well as discussing the current standard, an analysis was carried out of companies in Brazil that have joint operations and the respective accounting treatments used to infer how well they fit the international standards. The results indicate that the accounting statements of the companies in Brazil with joint operations, composed through a separate vehicle, do not comply with the international standards. The main contribution of this essay is that it draws the attention of companies, auditors, and regulators to this non-compliance.

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根据现行会计准则对巴西合资企业的会计处理

本文的目的是根据巴西和国际会计准则，分析巴西公司在联合经营中投资所使用的会计处理。在合并报表中使用的会计处理是毫无疑问的，但是在个别报表方面发现了国际标准和巴西标准之间的分歧。国际财务报告准则第11号规定，投资者在合并报表和单独报表中按比例确认共同经营的价值。但是，巴西标准包括一段规定，只有没有法人资格的联合行动才能按比例在个别声明中加以衡量。方案CPC 19预见到根据联合经营的法律形式不同的会计处理，省略了与单独车辆联合经营时使用的会计处理。联合经营的主题是相关的，因为在巴西使用的会计处理可能意味着我们的会计实践不符合国际标准。除了对合资企业的文献做出贡献外，本文还向监管机构表明，有必要修改巴西的标准，使其符合国际标准。除了讨论现行标准外，还对巴西联合经营的公司进行了分析，并分析了它们各自的会计处理方法，以推断它们符合国际标准的程度。结果表明，巴西联合经营公司的会计报表，通过一个单独的工具，不符合国际标准。本文的主要贡献在于，它引起了公司、审计人员和监管机构对这种不合规行为的注意。

本文章由计算机程序翻译，如有差异，请以英文原文为准。

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来源期刊

Revista Contabilidade e Financas Economics, Econometrics and Finance-Finance

CiteScore

1.00

自引率

0.00%

发文量

审稿时长

17 weeks

期刊介绍： Revista Contabilidade & Finanças (RC&F) publishes inedited theoretical development papers and theoretical-empirical studies in Accounting, Controllership, Actuarial Sciences and Finance. The journal accepts research papers in different paradigms and using various research methods, provided that they are consistent and relevant for the development of these areas. Besides research papers, its main focus, traditional papers and manuscripts in other formats that can contribute to communicate new knowledge to the community are also published.