Introduction of IFRS in Finland

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Title: Introduction of IFRS in Finland
Author: Toivanen, Mervi
Series: Bank of Finland. Financial market report
Series number: 2
Year of publication: 2005
Publication date: 28.6.2005
Pages: 8-10
Keywords: pankkitoiminta; kirjanpito; kansainvälinen; taseet; standardit; Suomi; uudistukset; IFRS
Abstract: 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.

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