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

Ali, Arshad; Akbar, Saeed; Ormrod, Phillip

Authors

Arshad Ali

Saeed Akbar

Phillip Ormrod



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

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