Choices in IFRS Adoption in Spain: Determinants and Consequences

Autor:	Francesc J. Gómez, Soledad Moya, Angels Fito
Rok vydání:	2012
Předmět:	Actuarial science business.industry Accounting Comparability Equity (finance) Business Business and International Management Finance
Zdroj:	Accounting in Europe. 9:61-83
ISSN:	1744-9499 1744-9480
DOI:	10.1080/17449480.2012.664390
Popis:	New Spanish GAAP based on IFRS came into force for separate financial statements in 2008. Companies were allowed to choose between 1 January 2007 and 1 January 2008 as their transition date. The first option commits companies to presenting comparative statements while the second allows them to disclose only the adjustments in equity. We analyze the determinants of companies that decided to choose early transition and also the consequences of this choice on the main accounting figures and ratios. Our results show that the determinants of the early transition date are size and growth. As for the consequences, there is a significant change in the accounting figures and ratios and therefore comparability may be impaired.
Databáze:	OpenAIRE
Externí odkaz:	https://explore.openaire.eu/search/publication?articleId=doi_________::f1ac5921249ca4794b71eff2ba93a56d https://doi.org/10.1080/17449480.2012.664390 Zobrazit plný text záznamu Plný text ve formátu PDF Plný text ve formátu HTML
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