The evolution of financial accounting in Portugal since the 1960s : a new institutional economics perspective
Autor(a) principal: | |
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Data de Publicação: | 2014 |
Outros Autores: | |
Tipo de documento: | Artigo |
Idioma: | eng |
Título da fonte: | Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos) |
Texto Completo: | http://hdl.handle.net/1822/31262 |
Resumo: | Using a new institutional economics perspective, this article analyses the economic and political context that led to accounting standardisation in Portugal from 1977 onwards and to the recent adoption of the International Financial Reporting Standards (IFRS). The process of accounting standardisation was related to the tax reform of 1963. Additionally, evidence was found that there were also political pressures related to the need to improve the national systems of accounts. The lack of development of the accounting profession and the emphasis on legality substantiated the need for enforcement in the law in 1977 of a standardised accounting plan that was similar to other plans in Europe, namely the French Plan. In a legalist country like Portugal, the modelling of national standards on the international ones and the definitive adoption of adapted IFRS in 2010 by unlisted companies had to be complemented by the enactment in law of the accounting regulations. |
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The evolution of financial accounting in Portugal since the 1960s : a new institutional economics perspectiveAccounting standardisationEnforcementIFRS adoptionNew institucional economicsPortugalnew institutional economicsCiências Sociais::Economia e GestãoSocial SciencesUsing a new institutional economics perspective, this article analyses the economic and political context that led to accounting standardisation in Portugal from 1977 onwards and to the recent adoption of the International Financial Reporting Standards (IFRS). The process of accounting standardisation was related to the tax reform of 1963. Additionally, evidence was found that there were also political pressures related to the need to improve the national systems of accounts. The lack of development of the accounting profession and the emphasis on legality substantiated the need for enforcement in the law in 1977 of a standardised accounting plan that was similar to other plans in Europe, namely the French Plan. In a legalist country like Portugal, the modelling of national standards on the international ones and the definitive adoption of adapted IFRS in 2010 by unlisted companies had to be complemented by the enactment in law of the accounting regulations.Fundação para a Ciência e a Tecnologia (FCT)Taylor and FrancisUniversidade do MinhoCaria, Ana AlexandraRodrigues, Lúcia Lima2014-02-142014-02-14T00:00:00Zinfo:eu-repo/semantics/publishedVersioninfo:eu-repo/semantics/articleapplication/pdfhttp://hdl.handle.net/1822/31262eng2155-285110.1177/1032373213511319info:eu-repo/semantics/openAccessreponame:Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos)instname:Agência para a Sociedade do Conhecimento (UMIC) - FCT - Sociedade da Informaçãoinstacron:RCAAP2023-07-21T12:32:04Zoai:repositorium.sdum.uminho.pt:1822/31262Portal AgregadorONGhttps://www.rcaap.pt/oai/openaireopendoar:71602024-03-19T19:27:23.150621Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos) - Agência para a Sociedade do Conhecimento (UMIC) - FCT - Sociedade da Informaçãofalse |
dc.title.none.fl_str_mv |
The evolution of financial accounting in Portugal since the 1960s : a new institutional economics perspective |
title |
The evolution of financial accounting in Portugal since the 1960s : a new institutional economics perspective |
spellingShingle |
The evolution of financial accounting in Portugal since the 1960s : a new institutional economics perspective Caria, Ana Alexandra Accounting standardisation Enforcement IFRS adoption New institucional economics Portugal new institutional economics Ciências Sociais::Economia e Gestão Social Sciences |
title_short |
The evolution of financial accounting in Portugal since the 1960s : a new institutional economics perspective |
title_full |
The evolution of financial accounting in Portugal since the 1960s : a new institutional economics perspective |
title_fullStr |
The evolution of financial accounting in Portugal since the 1960s : a new institutional economics perspective |
title_full_unstemmed |
The evolution of financial accounting in Portugal since the 1960s : a new institutional economics perspective |
title_sort |
The evolution of financial accounting in Portugal since the 1960s : a new institutional economics perspective |
author |
Caria, Ana Alexandra |
author_facet |
Caria, Ana Alexandra Rodrigues, Lúcia Lima |
author_role |
author |
author2 |
Rodrigues, Lúcia Lima |
author2_role |
author |
dc.contributor.none.fl_str_mv |
Universidade do Minho |
dc.contributor.author.fl_str_mv |
Caria, Ana Alexandra Rodrigues, Lúcia Lima |
dc.subject.por.fl_str_mv |
Accounting standardisation Enforcement IFRS adoption New institucional economics Portugal new institutional economics Ciências Sociais::Economia e Gestão Social Sciences |
topic |
Accounting standardisation Enforcement IFRS adoption New institucional economics Portugal new institutional economics Ciências Sociais::Economia e Gestão Social Sciences |
description |
Using a new institutional economics perspective, this article analyses the economic and political context that led to accounting standardisation in Portugal from 1977 onwards and to the recent adoption of the International Financial Reporting Standards (IFRS). The process of accounting standardisation was related to the tax reform of 1963. Additionally, evidence was found that there were also political pressures related to the need to improve the national systems of accounts. The lack of development of the accounting profession and the emphasis on legality substantiated the need for enforcement in the law in 1977 of a standardised accounting plan that was similar to other plans in Europe, namely the French Plan. In a legalist country like Portugal, the modelling of national standards on the international ones and the definitive adoption of adapted IFRS in 2010 by unlisted companies had to be complemented by the enactment in law of the accounting regulations. |
publishDate |
2014 |
dc.date.none.fl_str_mv |
2014-02-14 2014-02-14T00:00:00Z |
dc.type.status.fl_str_mv |
info:eu-repo/semantics/publishedVersion |
dc.type.driver.fl_str_mv |
info:eu-repo/semantics/article |
format |
article |
status_str |
publishedVersion |
dc.identifier.uri.fl_str_mv |
http://hdl.handle.net/1822/31262 |
url |
http://hdl.handle.net/1822/31262 |
dc.language.iso.fl_str_mv |
eng |
language |
eng |
dc.relation.none.fl_str_mv |
2155-2851 10.1177/1032373213511319 |
dc.rights.driver.fl_str_mv |
info:eu-repo/semantics/openAccess |
eu_rights_str_mv |
openAccess |
dc.format.none.fl_str_mv |
application/pdf |
dc.publisher.none.fl_str_mv |
Taylor and Francis |
publisher.none.fl_str_mv |
Taylor and Francis |
dc.source.none.fl_str_mv |
reponame:Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos) instname:Agência para a Sociedade do Conhecimento (UMIC) - FCT - Sociedade da Informação instacron:RCAAP |
instname_str |
Agência para a Sociedade do Conhecimento (UMIC) - FCT - Sociedade da Informação |
instacron_str |
RCAAP |
institution |
RCAAP |
reponame_str |
Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos) |
collection |
Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos) |
repository.name.fl_str_mv |
Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos) - Agência para a Sociedade do Conhecimento (UMIC) - FCT - Sociedade da Informação |
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1799132764759392256 |