Introduction of IFRS in Finland
Toivanen, Mervi (28.06.2005)
Numero
2
2005
Julkaisun pysyvä osoite on
https://urn.fi/URN:NBN:fi:bof-201408075011Tiivistelmä
The International Financial Reporting Standards (IFRS) for quoted companies entered into force at the beginning of 2005. These new regulations apply also to Finnish quoted deposit banks. The reform of financial reporting standards has had an impact on banks' income statements and balance sheets. Press releases concerning the transition show, however, that the reform has brought only moderte changes.