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IFRS1 : « Il faut tout changer pour que rien ne change »

Author

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  • Anne Cazavan-Jeny
  • Thomas Jeanjean

Abstract

To facilitate comparability between financial statements, IFRS 1 requires first-time adopters to present at least one year of comparative financial statements, which must be adjusted for full compliance with IFRS. However, some adjustments are mandatory while others are optional. In this paper we investigate the choices made by French listed firms (SBF 120 index) in preparing their comparative financial information. We show that the impact of the transition to IFRS on the key figures is fairly limited, but this apparent stability is in fact due to firms? accounting choices, and the use of IFRS 1 options to offset the effects of mandatory adjustments. French firms use optional exemptions to minimize the gap between equity under French GAAP and equity under IFRS, and to mask their leverage.

Suggested Citation

  • Anne Cazavan-Jeny & Thomas Jeanjean, 2009. "IFRS1 : « Il faut tout changer pour que rien ne change »," ACCRA, Association francophone de comptabilité, vol. 15(1), pages 105-131.
    • Handle: RePEc:cai:accafc:cca_151_0105
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    Citations

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    Cited by:

    1. Rémi Janin & Charles Piot & Pascal Dumontier, 2012. "Les IFRS et l'utilité informationnelle du résultat global en Europe : le rôle des cabinets d'audit," Post-Print hal-00691014, HAL.
    2. Corinne Bessieux-Ollier & Marie Chavent & Vanessa Kuentz & Elisabeth Walliser, 2012. "The mandatory adoption of IFRS on intangibles: upheaval or inertia? The case of France," International Journal of Accounting, Auditing and Performance Evaluation, Inderscience Enterprises Ltd, vol. 8(1), pages 91-113.
    3. Benjamin Poulard & Lionel Touchais, 2013. "Bilan de l’application des IAS/IFRS : vers une amélioration de la qualité de l’information financière ?," Post-Print hal-03125414, HAL.
    4. Benjamin Poulard & Lionel Touchais, 2013. "Bilan de l'application des IAS/IFRS : Vers une amélioration de la qualité de l'information financière ?," Post-Print hal-01737399, HAL.
    5. Lambert Jerman, 2015. "Les Enjeux De L'Application Des Normes Ias-Ifrs : L'Etude Des Preparateurs Des Comptes, Une Perspective De Recherche Encore Inexploree," Post-Print hal-01188736, HAL.
    6. Abdelmajid EL WAATMANI, 2016. "Le concept de l’amortissement : histoire et enjeux," Journal of Academic Finance, RED research unit, university of Gabes, Tunisia, vol. 7(2), pages 33-52, November.
    7. Abdelmajid EL WAATMANI, 2016. "Le concept de l’amortissement : histoire et enjeux," Journal of Academic Finance, RED research unit, university of Gabes, Tunisia, vol. 7(2), pages 33-52, November.

    More about this item

    Keywords

    IFRS; accounting choice;

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