MEASURING THE IMPACT OF INTERNATIONAL FINANCIAL REPORTING STANDARDS (IFRS) TO FINANCIAL INFORMATION OF PORTUGUESE COMPANIES

Authors

  • Francisco José Ferreira Silva Universidade de Açores
  • Gualter Manuel Medeiros do Couto Universidade de Açores
  • Ruben Mota Cordeiro Universidade de Açores

DOI:

https://doi.org/10.4270/ruc.20095

Keywords:

Accounting harmonization, International Financial Reporting Standards, Financial Reports.

Abstract

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.

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How to Cite

Silva, F. J. F., Couto, G. M. M. do, & Cordeiro, R. M. (2008). MEASURING THE IMPACT OF INTERNATIONAL FINANCIAL REPORTING STANDARDS (IFRS) TO FINANCIAL INFORMATION OF PORTUGUESE COMPANIES. Revista Universo Contábil, 5(1), 129–144. https://doi.org/10.4270/ruc.20095

Issue

Vol. 5 No. 1 (2009)

Section

International Section

License

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