IFRS Introduction and its Effect on Listed Companies in Spain

27 Pages Posted: 24 Jul 2007

See all articles by Jordi Perramon

Jordi Perramon

Universitat Pompeu Fabra - Faculty of Economic and Business Sciences

Oriol Amat

Universitat Pompeu Fabra - Faculty of Economic and Business Sciences

Date Written: July 2006

Abstract

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.

Keywords: IFRS, IAS, Accounting harmonization

JEL Classification: M41, N24

Suggested Citation

Perramon, Jordi and Amat, Oriol, IFRS Introduction and its Effect on Listed Companies in Spain (July 2006). Available at SSRN: https://ssrn.com/abstract=1002516 or http://dx.doi.org/10.2139/ssrn.1002516

Jordi Perramon

Universitat Pompeu Fabra - Faculty of Economic and Business Sciences ( email )

Ramon Trias Fargas 25-27
Barcelona, 08005
Spain
3493 542-1753 (Phone)
3493 542-1746 (Fax)

Oriol Amat (Contact Author)

Universitat Pompeu Fabra - Faculty of Economic and Business Sciences ( email )

Ramon Trias Fargas 25-27
Barcelona, 08005
Spain
+34 93 542 16 55 (Phone)
+34 93 542 17 46 (Fax)

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