Accounting Standards Evolution for the Non Profit Sector Entities in the Iberian Peninsula
Authors
Andreia Manuela Dias Ferreira
Mestranda em Contabilidade no Instituto Superior de Contabilidade e Administração da Universidade de Aveiro
Sérgio Nuno da Silva Ravara Almeida Cruz
Instituto Superior de Contabilidade e Administração da Universidade de Aveiro
Graça Maria do Carmo Azevedo
Instituto Superior de Contabilidade e Administração (ISCA), Unidade de Investigação em Governança,Competitividade e Políticas Públicas (GOVCOPP), Universidade de Aveiro
The non-profit organizations, in Portugal and Spain, used for many years the accounting standards of the profit entities to prepare and elaborate the financial statements. Nearly since the last decade of the twentieth century, some accounting plans for specific sectors were created, adapting the ones applied to profit entities. The second decade of the current century is marked by the creation and implementation of the accounting standards for the Nonprofit Sector Entities. This paper analyzes the evolution of accounting standards for these entities, over time, in the Iberian Peninsula.
