Portugal (European Financial Reporting)

This volume provides a detailed, authoritative overview of the accounting background and current financial reporting practice in Portugal. It includes a comprehensive examination of Portuguese standards, regulations and practice, including relevant information on Portugal's financial, legal and economic environment. Using examples of actual financial reporting of local companies as well as a complete illustrative financial report, the author guides the non-resident professional and analyst towards an interpretation of Portuguese companies' statements, for either investment or trading purposes. The book discusses the historical background of how Portuguese accounting and auditing evoloved, and provides a glossary of key accounting terms in Portuguese and their English translation. Part of the European Financial Reporting series, it sets out the main difference between local practice and the United Kingdom, US and International Accounting Standards. It is designed as a reference for students, researchers in Portuguese and international accounting and business analysts.