Konsekvenser ved en konvertering fra Dansk regnskabsregulering til International regnskabsregulering

Michael Halpern-Nadel

Studenteropgave: Kandidatafhandlinger


In this thesis, the question “What consequences would Danish companies that convert from Danish auditing standards to IFRS, endure?” was asked. Since 2005, listed companies have had to comply with the rules of IASB in regards to how they report their results in financial statements. Non-listed companies however, have a choice of converting to IFRS. But how much from Danish law do the IFRS standards differ? And more importantly, how does a company convert and what are the consequences of a company converting to IFRS? First of all, why would a company convert if it isn’t forced to do so? The numerical price of the conversion is high and in the first year of the companies’ conversion, it won’t even be able to precisely compare itself to its competitors. This is because IFRS 1, First-time Adoption of International Financial Reporting Standards lists several exceptions which can be adopted by the company in the year of transition. However, even with these drawbacks, there are several benefits in regards to the process and end result. First and fore mostly, the company no longer will be forced to depreciate goodwill but rather instead be making an annual testing of impairment on goodwill. This means that a company, when it converts to IFRS, depending on whether or not it’s a financial or non-financial company, will have better results in its income statement. Also, converting to IFRS will make the company more attractive for potential buyers in case the company is looking to sell or in case the company is in need of increased capital via loans in foreign banks. The argument is that because the company’s financial statement will be prepared in accordance to international rules; it will be more attractive for buyers. In regards to the loans, banks will have an easier time understanding the financial statement because the rules are more accepted around the world. The whole point of the International Accounting Standards Board making these rules were to increase the transparency of financial statements and make it easier for the users of these statements to be able to compare companies more easily. The problem though is, that the same year that a company converts from the Danish rules to the international rules, it will have access to several mandatory and optional exceptions. These all influence a financial statement in either minor or major ways. As is shown in the thesis, different companies have different results when converting to IFRS. This difference is mainly due to the fact that the companies use different exceptions that the numbers vary in the way that they do. These rules are explained in detail throughout the thesis and if a company chooses to convert to IFRS, it will have to look through these exceptions and consider the effect of each and how it will influence the company. The thesis concludes itself with an analysis of the different companies that have been chosen and afterwards a conclusion of what the consequences are of a company converting from the Danish regulations to the international regulations IFRS.

UddannelserCand.merc.aud Regnskab og Revision, (Kandidatuddannelse) Afsluttende afhandling
Antal sider88