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ERICA Working Group

The ERICA WG has published a new “ERICA series” document, under the title: “Different alternatives that IFRS users can adopt: Analysis of the choices taken in Europe”. This note focuses on analysing the use of IFRS alternatives in ERICA+ groups (a sub-set from the ERICA database of around 250 groups with extra accounting details), showing general results by country, sector and size. The IFRS alternatives covered are presentation of the income statement either by nature or by function of expenses, presentation of the cash flow statement by means of the direct or indirect method, presentation of other comprehensive income gross or net of taxes, subsequent measurement of property, plant and equipment at cost or revalued amount, and subsequent measurement of investment property at cost or fair value.