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

Ali, Arshad, Akbar, Saeed ORCID: 0000-0002-1011-9799 and Ormrod, Phillip (2016) Impact of international financial reporting standards on the profit and equity of AIM listed companies in the UK. Accounting Forum, 40 (1). pp. 45-62. ISSN 0155-9982, 1467-6303

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Abstract

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.

Item Type:	Article
Depositing User:	Symplectic Admin
Date Deposited:	08 Dec 2015 14:52
Last Modified:	07 Dec 2024 16:42
DOI:	10.1016/j.accfor.2015.12.001
Related URLs:	Publisher
URI:	https://livrepository.liverpool.ac.uk/id/eprint/2041619