Analysis of the Impact of Adopting the IFRS by the Companies Listed on BVB
Анализ влияния внедрения МСФО на компании, котирующиеся на БВФБ
2015-01-01
SCID: 54.1/ftummcny
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Bucharest Stock ExchangeIFRS adoptionSPSSfinancial statement analysismanufacturing companies
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Abstract (AI)
Starting with the financial year 2012, the companies in Romania whose securities are admitted to trading on a regulated market are required to apply International Financial Reporting Standards (IFRS) on individual annual financial statements. The purpose of the present paper is to elaborate an objective opinion regarding the impact on the companies listed on Bucharest Stock Exchange (BVB) when applying IFRS. In order to achieve this, we made a comparison between the indicators from the financial statements reported according to the national regulations and the indicators reported according IFRS by taking into consideration the results from the financial year 2011. The analysis was conducted on a sample of 39 companies listed on BVB that are part of the manufacturing sector. The data was analyzed by using the statistical software SPSS.
Key Findings
1
Romanian companies listed on a regulated market were required to apply IFRS to individual annual financial statements beginning with fiscal year 2012.
2
Statistical analysis of the financial data was conducted using SPSS to assess differences associated with IFRS reporting.
3
The analysis covers 39 Bucharest Stock Exchange-listed manufacturing companies.
4
The paper aims to provide an objective assessment of IFRS adoption’s impact on BVB-listed companies, although the abstract does not report specific indicator changes.
5
The study evaluates IFRS adoption effects by comparing 2011 financial-statement indicators prepared under national regulations with indicators reported under IFRS.
Research Object
Financial statements of Romanian manufacturing companies listed on the Bucharest Stock Exchange (BVB)
Research Subject
The impact of adopting IFRS on reported financial-statement indicators compared with national accounting regulations
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2015-01-01
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