Normalização contabilística no sector bancário Moçambicano: o caso do Millennium bim

Abstract

This paper aims to assess the impact of International Accounting Standards on Financial Statements in the Mozambican Banking Sector. The main reason that led me to develop a work on this topic is due to the need to understand the process of implementing the International Financial Reporting Standards (NIRF) in Mozambique in a specific company. The practical work was based on the study of the Millennium bim bank's consolidated Financial Statements for 2006 and 2007. The objective of the research carried out was to assess the impact of the transition from the previous PCSB to IFRS, in particular on the accounting policies, on the Balance Sheet, in the Income Statement and in the Cash Flow Statement. As this was the first time in 2007 that Millennium bim adopted IFRS, the main instrument for analysis and assessment was IFRS 1 - Adoption for the First Time. This international standard explains how institutions should transition from a national or sectorial accounting standardization framework to IFRS, how adjustments are made and how these affect the financial position, financial performance and the results of changes in financial position. According to the study carried out on Millennium bim's consolidated accounts, the results revealed that the transition from the PCSB to IFRS (I) negatively affected the financial performance of Millennium bim, that is, the bank's results decreased as a result of the variation in activities operating assets, impaired assets and the consideration of Deferred Tax; (II) positively affected the company's financial position expressed in terms of equity as a result of the variation in the Other Reserves and Retained Earnings and Profit for the year accounts, which improved the Bank's financial structure, and; (III) negatively affected the results of changes in the financial position as a result of the positive variation in operating activities, financing activities and investment activities. This impact results from the reclassifications made to the balance sheet accounts, particularly Investments, Intangible assets, deferred taxes, buildings and goodwill. (TRADUÇÃO NOSSA)