Measuring the impact of international financial reporting standards (ifrs) in firm reporting : The case of Portugal

Silva, Francisco; Couto, Gualter; Cordeiro, Ruben Mota

http://hdl.handle.net/10400.3/4763

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Authors

Silva, Francisco

Couto, Gualter

Cordeiro, Ruben Mota

Abstract(s)

To increase efficiency of the European finance market, the European Union (EU) recently forced all public companies to publish their financial disclosures with the support of the International Financial Reporting Standards (IFRS), emanated by the International Accounting Standards Board (IASB), beginning January 1, 2005. In this paper, we measure the impact of the application of IFRS to financial information of Portuguese public companies belonging to the Eurolist by Euronext Lisbon. The results show that the Balance Sheet and Income Statement structures of the firms studied suffered relevant accounting conversions in the process of compliance. Nevertheless, we did not find a clear pattern for the accounting variations. IFRS implementation conditioned the measure made to the performance and the financial position of the business companies in Portugal.

Keywords

Accounting Harmonization Financial Reports International Accounting Standards Multivariate Statistics

URI

http://hdl.handle.net/10400.3/4763

Citation

Silva, Francisco; Couto, Gualter; Cordeiro, Ruben (2007). Measuring the impact of international financial reporting standards (ifrs) in firm reporting: The case of Portugal, "Working Paper Series", 2, 22 pp.. Ponta Delgada: Universidade dos Açores, CEEAplA-A.