TY - JOUR
T1 - Choices in IFRS adoption in Spain
T2 - Determinants and consequences
AU - Fitó, Angels
AU - Gómez, Francesc
AU - Moya, S.
N1 - Funding Information:
We appreciate the helpful comments of two anonymous reviewers, the participants of the 33rd EAA Annual Congress in Istanbul and the participants of the 2010 AAA Annual Meeting in San Francisco. This study has received financial support from the Spanish Department of Science and Technology (Plan Nacional de Investigación Científica, Desarrollo e Innovación Tecnológica 2010–2013, Programa de Cien-cias Sociales, Económicas y Jurídicas (Economía), code: ECO 2010-18967).
PY - 2012/6
Y1 - 2012/6
N2 - 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.
AB - 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.
UR - https://www.scopus.com/pages/publications/84859587925
U2 - 10.1080/17449480.2012.664390
DO - 10.1080/17449480.2012.664390
M3 - Article
AN - SCOPUS:84859587925
SN - 1744-9480
VL - 9
SP - 61
EP - 83
JO - Accounting in Europe
JF - Accounting in Europe
IS - 1
ER -