Resumen
The first adoption of the new Spanish GAAP has not been identical for all companies. In each of the three key elements of the transition: date, valuation and disclosure, the Spanish regulator has included some choices for the transition that may affect the content and quality of the transitional financial information. In this paper we analyse the impact of the new Spanish GAAP adoption in terms of main accounting figures and ratios. Our results show that the impact has been significant for most of the figures and some of the ratios and therefore do not support the transition data choice as it damages comparability.
Título traducido de la contribución | The effects on comparability of the new local accounting standards in Spain |
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Idioma original | Español |
Páginas (desde-hasta) | 136-149 |
Número de páginas | 14 |
Publicación | Universia Business Review |
Volumen | 28 |
Estado | Publicada - 2010 |
Publicado de forma externa | Sí |
Palabras clave
- Accounting information
- Accounting regulation
- First adoption
- IFRS
- Spanish
- Transition data choice