Impact of international financial reporting standards on the profit and equity of AIM listed companies in the UK

Ali, Arshad; Akbar, Saeed; Ormrod, Phillip

Abstract

© 2015 Elsevier Ltd. This study examines the extent to which the change from UK GAAP to IFRS has affected companies listed on the Alternative Investment Market (AIM) in the UK. The results suggest that, on average, profit reported under IFRS is higher than that reported under UK GAAP; however, the difference is much smaller for AIM listed companies as compared to what existing literature suggests for firms listed on main stock markets. The Gray's partial analysis results indicate that despite the extensive programmes for improving convergence over time there is still a considerable discrepancy between IFRS and UK GAAP.

Citation

Ali, A., Akbar, S., & Ormrod, P. (2016). Impact of international financial reporting standards on the profit and equity of AIM listed companies in the UK. Accounting Forum, 40(1), 45-62. https://doi.org/10.1016/j.accfor.2015.12.001

• Journal Article Type: Article
• Acceptance Date: Dec 8, 2015
• Online Publication Date: Dec 30, 2015
• Publication Date: 2016-03
• Deposit Date: Sep 18, 2018
• Publicly Available Date: Sep 20, 2018
• Journal: Accounting Forum
• Print ISSN: 0155-9982
• Electronic ISSN: 1467-6303
• Publisher: Elsevier
• Peer Reviewed: Peer Reviewed
• Volume: 40
• Issue: 1
• Pages: 45-62
• DOI: https://doi.org/10.1016/j.accfor.2015.12.001
• Keywords: International financial reporting standards; Accounting harmonisation; Alternative investment market; Small and growing companies; Gay conservatism index; IFRS 1
• Public URL: https://hull-repository.worktribe.com/output/519288
• Publisher URL: https://www.sciencedirect.com/science/article/pii/S0155998215301204?via%3Dihub
• Contract Date: Sep 20, 2018