Assessing the Effect of the Transition to IFRS on Equity: The Case of the FTSE 100

Sally Aisbitt

Accounting in Europe, 2006, vol. 3, issue 1, 117-133

Abstract: The paper presents the results of an analysis of the reconciliations of equity presented as part of the transition from UK Generally Accepted Accounting Principles (UK GAAP) to International Financial Reporting Standards (IFRS) by the largest UK companies. While the overall effect on equity is not significant, the effect of the change in convention on individual line items could have important consequences for financial analysis and contractual obligations. The level of variability between companies means that this change will demand attention to detail by users of financial statements. The paper provides a benchmark for comparison with companies from other accounting traditions making the transition to IFRS.

Date: 2006
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Citations: View citations in EconPapers (15)

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DOI: 10.1080/09638180600920293

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