The Spanish accounting system and international accounting harmonization
During the last decade, Spanish accounting regulations have undergone significant changes as a result of the harmonization process that has been taking place at the international level. These changes fundamentally reflect the adaptation of the regulations to the EU directives, although the statements of the International Accounting Standards Committee (IASC) have also played a role. At a time when the possibility of a further reform to the Spanish regulations is the subject of debate, in order for these to be brought closer to the international criteria, this paper has the following objectives: to show the accounting alternatives that the current Spanish regulations offer to companies; to determine which of these alternatives are adopted in the majority by these companies, thus evaluating the level of internal homogeneity of the accounting practice; and, finally, to evaluate the degree of consensus of these practices with the accounting criteria of the IASC. The results show a lack of homogeneity at the national level with respect to specific accounting areas. Similarly, we find that the degree of consensus with the IASC criteria is no more than moderate if consideration is given only to the benchmark criteria, whilst it increases markedly if the allowed treatments are also considered.
Volume (Year): 8 (1999)
Issue (Month): 1 ()
|Contact details of provider:|| Web page: http://www.tandfonline.com/REAR20|
|Order Information:||Web: http://www.tandfonline.com/pricing/journal/REAR20|
Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:
- Lainez, Jose A. & Callao, Susana & Jarne, Jose I., 1996. "International harmonization of reporting required by stock markets," The International Journal of Accounting, Elsevier, vol. 31(4), pages 405-418.
- Leo van der Tas, 1992. "Evidence of EC financial reporting practice harmonization," European Accounting Review, Taylor & Francis Journals, vol. 1(1), pages 69-104.
When requesting a correction, please mention this item's handle: RePEc:taf:euract:v:8:y:1999:i:1:p:93-113. See general information about how to correct material in RePEc.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Michael McNulty)
If references are entirely missing, you can add them using this form.