To understand the change in perspective represented by the new European accounting standards...
To overcome the conversion to international accounting standards...
To carry out a relevant analysis of the financial information issued in this new reference framework...
Since 1 January 2005, IAS/IFRS have been the mandatory standard for the preparation of consolidated accounts for listed companies in the European Union.
Belgium, through the Royal Decree of 18 January 2005, allows unlisted companies to prepare their consolidated accounts according to the new standards.
This change of reference system also has an impact on the Belgian consolidated subsidiaries, as these subsidiaries are required to carry out internal reporting under IAS/IFRS within the group to which they belong.
In view of the very likely evolution towards the generalisation of European accounting standards, a much larger number of companies could eventually be involved in this process.