This site uses cookies to provide you with a more responsive and personalised service. By using this site you agree to our use of cookies. Please read our cookie notice for more information on the cookies we use and how to delete or block them.
The full functionality of our site is not supported on your browser version, or you may have 'compatibility mode' selected. Please turn off compatibility mode, upgrade your browser to at least Internet Explorer 9, or try using another browser such as Google Chrome or Mozilla Firefox.

New DTT guide to transition to IFRS – manufacturing companies

  • News default Image

18 Feb 2003

From 1st January 2005 onwards, virtually all European companies with securities listed in the European Union must prepare consolidated accounts in accordance with International Financial Reporting Standards (IFRS).

As a result, all affected entities will have to apply IFRS in 2004 to report comparative figures. This means that in 2003, while still reporting under their national GAAP, companies will need to run systems in parallel to be sure that the systems are ready for IFRS reporting in 2004 and to appreciate the changes to the figures arising under IFRS. A new guide – Manufacturing: The Future for UK Automotive and Aerospace Industries under IAS – from Deloitte & Touche's UK practice walks manufacturers through the impacts of IFRS on their accounts, preparing companies for the changes ahead. While focused on the transition from UK GAAP to IFRS, this guide will be of considerable benefit to companies in other EU countries as they make their plans for the transition. Click to (PDF 336k).

Correction list for hyphenation

These words serve as exceptions. Once entered, they are only hyphenated at the specified hyphenation points. Each word should be on a separate line.