Entities of Nonprofit Setor: Comparison between Portugal and Spain

Abstract

This dissertation has become particularly relevant and current, given the level of growth and diversification of the Nonprofit Setor Entities. This study aims to compare the accounting standards applicable to these entities in Portugal and Spain, with emphasis given to the recognition, measurement, presentation and disclosure of financial information issued by the entities of both countries. This type of research is descriptive and inductive, there were developed concepts, ideas and opinions based on patterns found in the data. In this study, one of the main conclusions lead to the harmonization of the Framework, oppositely to what occurs on the accounting standards of Portugal and Spain. However, we believe that the standards recently adopted in Portugal are an important step in the homogenization and adaptation of accounting standards for nonprofit sector entities and it is believed to contribute to improving the quality and transparency of the financial information of these entities.