Paper #975

Título:

IFRS introduction and its effect on listed companies in Spain

Autores:

Jordi Perramon y Oriol Amat

Fecha:

Julio 2006

Resumen:

From the beginning of January 2005 publicly traded companies in the European Union have to comply with the International Financial Reporting Standards (IFRS) for their consolidated accounts, as required by 1606/2002 European Commission Regulation. It had been suggested that the new accounting rules will facilitate not only the process of international harmonization of financial statements, but also efficient performance of financial markets and capital flows worldwide. This study analyzes the first results of IFRS implementation by Spanish non-financial listed companies.

Palabras clave:

IFRS, IAS, Accounting harmonization

Códigos JEL:

M41, N24

Área de investigación:

Finanzas y Contabilidad

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