| Summary: | 碩士 === 國立臺北大學 === 會計學系 === 104 === Since Taiwan’s full adoption of IFRS from 2013, the other comprehensive income items have been incorporated in the statement of comprehensive income. To examine change of value relevance resulting from the changes of accounting principle and financial statement presentation, this study tests whether value relevance of other comprehensive income items, accumulated other comprehensive income items both before and after the full adoption of IFRS. The empirical results show that :(1) other comprehensive income, accumulated gains (losses) on effective portion of cash flow hedges and accumulated unrealized gains (losses) on available-for-sale financial assets are significantly associated with share price when the sample periods included both under ROC_GAAP and under IFRS. (2) Other comprehensive income and accumulated unrealized gains (losses) on available-for-sale financial assets are significantly associated with share price after the full adoption of IFRS. (3) Regardless of whether the adoption of IFRS or not, investors may take other comprehensive income, accumulated other comprehensive income and their components into consideration when making investing decisions.
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