Overview
- Offers a comparative research at European level on the application of Directive 2013/34/EU
- Discusses the application of the directive also in private, non listed companies
- Presents the state of the art in financial reporting
Part of the book series: SIDREA Series in Accounting and Business Administration (SSABA)
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Table of contents (16 chapters)
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Front Matter
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Country Analysis
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Front Matter
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Cross-cutting Issues
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Front Matter
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Keywords
About this book
With Directive 2013/34/EU - which replaced the 4th and 7th accounting Directives - a new step towards European accounting harmonization has been taken: accounting rules on private firms have been further standardized and, at the same time, brought closer to IAS/IFRS.
This book develops a comparative analysis of the most relevant issues in the process of preparing the financial statements after the recent transposition of the aforementioned Directive into the local accounting rules and standards.
This book is of interest for several reasons.
First, private firms, which are not necessarily small-medium sized companies, are the most prevalent and the engine of growth in all European countries. At the same time, the international academic literature is mainly devoted to listed companies, due to the limited availability of data for private companies and the idea that accounting information is less relevant for this kind of companies.
In addition, the analysis contained in the book is the result of the work of more than 30 European researchers, who contributed to both a vertical analysis of eight countries (Germany, Spain, Italy, France, the Netherlands, the United Kingdom, Sweden, and Denmark) and a horizontal analysis of the most relevant cross-cutting issues (fundamental principles, financial statement formats, impairment losses, capital reserves and profit distribution, income taxes, and non-financial reporting).
More specifically, the book aims to examine, from a comparative perspective, the methods of application of the Directive in Europe, in parallel with the evolutionary processes of national GAAPs, in order to verify the impact of both legal regulations and professional rules on the quality and comparability of accounting information, as well as the degree of convergence towards the IAS/IFRS model.Editors and Affiliations
About the editors
Andrea Lionzo is Professor of Accounting at the School of Banking, Finance and Insurance Sciences, Università Cattolica del Sacro Cuore, Milan, Italy. His main research interests are focused on financial accounting, accounting for financial institutions, and corporate valuation. He authored and co-authored several books and articles on these topics. He is a member of the EFRAG Academic Panel and of the IFRS Group of OIC (the Italian accounting standards setter).
Bibliographic Information
Book Title: The European Harmonization of National Accounting Rules
Book Subtitle: The Application of Directive 2013/34/EU in Europe
Editors: Alberto Incollingo, Andrea Lionzo
Series Title: SIDREA Series in Accounting and Business Administration
DOI: https://doi.org/10.1007/978-3-031-42931-6
Publisher: Springer Cham
eBook Packages: Economics and Finance, Economics and Finance (R0)
Copyright Information: The Editor(s) (if applicable) and The Author(s), under exclusive license to Springer Nature Switzerland AG 2023
Hardcover ISBN: 978-3-031-42930-9Published: 02 February 2024
Softcover ISBN: 978-3-031-42933-0Due: 04 March 2024
eBook ISBN: 978-3-031-42931-6Published: 01 February 2024
Series ISSN: 2662-9879
Series E-ISSN: 2662-9887
Edition Number: 1
Number of Pages: XVI, 328
Topics: Accounting/Auditing, Financial Accounting, Business Law, Industries