Guía del Nuevo Plan General de Contabilidad en España
28 Feb 2008
As a result of corporate and accounting law reforms in Spain, the Spanish Parliament recently adopted a new Plan General de Contabilidad (Spanish GAAP) effective for years beginning on or after 1 January 2008. It applies to individual companies and unlisted consolidated groups (listed consolidated groups are subject to IFRSs as adopted by the EU).
The new Spanish GAAP is 'inspired by IFRSs' but not equivalent, and differences remain. Deloitte Spain has published a pocket guide, in Spanish, to the new Spanish GAAP: Nuevo Plan General de Contabilidad – Guía de bolsillo (PDF 361k, en español) The guide also includes a summary of the main changes in corporate law approved in parallel and a quick guide to the most significant differences with respect to the previous Spanish GAAP and International Financial Reporting Standards.
