A reflection on the impact of IFRSs in earnings of non financial groups included in IBEX-35

• Autores: María Alvarado Riquelme, Jorge Manuel Ampudia Fernández, Miguel Prado Román
• Localización: Universidad, Sociedad y Mercados Globales / coord. por Emilio José de Castro Silva, Francisco José Díaz de Castro, 2008, ISBN 978-84-691-5667-4, págs. 28-38
• Idioma: español
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• Resumen

  • The Economic European Area, with the aim of contributing to the international harmonization of accounting language, decided to require UE public groups to prepare their financial statements under IFRS covering periods beginning on or after January 1, 2005. The Spanish experience with the implementation of IFRS in consolidated financial statements has been very positive, but it is necessary to analyze in detail the impact of this historic process in order to facilitate and speed up the application of this new philosophy in companies through «Plan General de Contabilidad» in force since 2008. In this paper, we have focused on the analysis of the main differences the introduction of IFRS has made on one of the two unique figures that groups should reconcile and explain: earnings reflected in last financial statement under Spanish GAAP in non-financial groups included in the IBEX-35. The analysis has covered the 100% of the non financial groups of IBEX- 35 financial statements and the research method applied inductive in the framework of the Positive Accounting Theory.