Financial Reporting and the Determination of Distributable Profits: A Broken Link. The Case of Italy

Di Sarli Maria ()
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Di Sarli Maria: 9314 Company Law at University of Turin , Torino, Italy

Accounting, Economics, and Law: A Convivium, 2025, vol. 15, issue s1, s271-s287

Abstract: The application of IAS/IFRS standards, implying the substantial downgrading of the realisation principle, makes financial reporting inconsistent with the determination of distributable profits. This article summarises the Italian approach to this problem. Generally speaking, the introduction of a harmonised European regulation on this matter seems desirable, since different rules in EU Member States are likely to create disparities regarding the level of creditor protection.

Keywords: IAS/IFRS financial statements; unrealised profits; Italian distributable profits regulation; optimal capital structures (search for similar items in EconPapers)
JEL-codes: D53 G0 (search for similar items in EconPapers)
Date: 2025
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DOI: 10.1515/ael-2024-0018

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