Accounting standards for small and medium-sized entities. Evidence from Spain

Milanés Montero Patricia (), Albarrán Lozano Irene (), Texeira Quirós Joaquín () and Esteban Pérez Calderón ()
Additional contact information
Milanés Montero Patricia: Universidad de Extremadura
Albarrán Lozano Irene: Universidad de Extremadura
Texeira Quirós Joaquín: Universidad de Extremadura
Esteban Pérez Calderón: Universidad de Extremadura

Contaduría y Administración, 2011, vol. 56, issue 3, 29-55

Abstract: By approving Regulation 1606/2002, the European Commission entrusts the local European Union regulators with the difficult decision as to whether making the International Accounting Standards (IAS/IFRS) extensive for their Small and Medium sized Entities or not. International Financial Reporting Standard for Small and Medium-sizzed Entities (hereinafter IFRS for SMEs) was published in 2009, and the European Commission had also decided to seek the opinion of EU stakeholders on this Standard. We understand that the European accounting regulators’ position should be based on the analysis of the extent to which current domestic standards allow useful financial information to be provided by and to these companies. Therefore, this paper presents empirical evidence regarding Spanish SMEs’ characteristics, timely facing the harmonizzation process, in order to determine if the information provided according to the national standards accomplishes the required usefulness. Its purpose is to share facts and data about this kind of still underestimated companies, though of great economic and social significance in Spain and in Europe in general.

Keywords: SMEs; financial information; usefulness; accounting (search for similar items in EconPapers)
Date: 2011
References: Add references at CitEc
Citations:

Downloads: (external link)
http://www.revistas.unam.mx/index.php/rca/article/viewFile/26850/25065 (application/pdf)
http://contaduriayadministracionunam.mx/articulo-2-233-28.html (text/html)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:nax:conyad:v:56:y:2011:i:3:p:29-55

Access Statistics for this article

Contaduría y Administración is currently edited by Francisco López-Herrera (Editors in Chief)

More articles in Contaduría y Administración from Accounting and Management Contact information at EDIRC.
Bibliographic data for series maintained by Alberto García-Narvaez (Technical Editor) ().