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Treball Final de Grau en Finances i Comptabilitat. Codi: FC1049. Curs: 2017/2018 Reviewing the literature can always help us find the limitation of previous studies. This work offers a review of the literature related to the audit opinion-shopping of foreign and Spanish research. The review is organized on the opinion-shopping at the firm level and at the partner level. For each of the two modalities, with which a company can pretend to obtain an opinion different from what it really deserves, the findings related to the investigations carried out by various auditors are discussed. It is concluded that the methodology developed by Lennox (2000) was a turning point in the investigations carried out so far, since the fact of retaining the current auditor can also be a way to participate in the "audit opinion-shopping".

Treball final de Grau en Finances i Comptabilitat. Codi: FC1049. Curs acadèmic 2015-2016 The objective of this paper is to know the asset situation of the company Almirall Ltd. In the period of 2011-2015 and diagnose its financial position as well as compare it with another company of the pharmaceutical sector: Pfizer Inc. to investigate the difference between both. In order to do that the position of Almirall in the market is analyzed through an internal and external analysis of the company to highlight its strengths and weaknesses. Later the company has been studied from its economic-financial sphere to analyze its performance in the period of 2011-2015. Finally, this company is compared with another from the same sector in order to analyze more thoroughly how Almirall Ltd. has been managed and obtain the final conclusions.

Treball de Final de Grau en Finances i Comptabilitat. Codi: FC1049. Curs acadèmic 2014-2015 In the context of the current economic and financial downturn, the barriers to bank credit for the small and medium-sized enterprises (SMEs) have become more and more insurmountable. Faced with this situation and given the relevance of these types of enterprises in the Spanish economy, alternative financing is necessary to try to solve the financial problem of the SMEs. The Mutual Guarantee is one of these alternatives to the traditional bank financing. To this end, this Final degree paper deals with studying further this system and analysing the evolution of the activity carried out by various SGR during the period 2004-2013. In this way, it sets out to determine whether the financial downturn has been a deciding factor in promoting this means of financing. However, the results of this study show that the economic deterioration has impacted negatively on the activity of the SGR.

Treball final de Grau en Finances i Comptabilitat. Codi: FC1049. Curs acadèmic 2014-2015 Lease accounting is on the rise for years. Currently, the main accounting standard setters worldwide, the IASB and the FASB, are involved in a project to change the lease standards since the current standards do not seem to satisfy the needs of the financial statement users, and are said to being used opportunistically. My end-of-degree project is framed within this setting and its objectives are threefold: firstly, I summarize the main aspects of the lease accounting debate, the reasons why the standard setters are changing the standards, and the main aspects of the new standard, which will probably be issued at the end of 2015; second, I revise the related literature in order to look for a better understanding of both the reasons of the regulatory change and its potential economic effects. Finally, I carry on a detailed content analysis on how the Spanish listed companies report the information about leases in their financial statements to evaluate the extent to which current accounting standards are applied by companies; the empirical analysis finishes with an assessment of the magnitude of the off balance sheet debt reported by the companies in the sample, estimated using alternative methodologies.

Treball Final de Grau en Finances i Comptabilitat. Codi: FC1049. Curs acadèmic 2013-2014 The main objective of this End of Degree Project is to test whether more conservative banks before the economic crisis –i.e., those who exhibited timelier loan loss recognition-, were able to extend more loans to their borrowers after the burst of the real estate bubble in Spain. To do this, we use a unique database (SABI), which allows us to match borrowers and lenders financial statements for the period 1997-2009. Our findings suggest that a) financial entities with higher capital buffers before the crisis exhibit a lower reduction in its lending to non-financial firms during the crisis, b) commercial banks and saving banks with more timely loan loss recognition prior to the crisis exhibit a lower reduction in its lending to non-financial firms during the crisis, c) firms borrowing from banks with more timely loan loss recognition prior to the crisis exhibit a lower likelihood of bankruptcy during the crisis.

Treball Final de Grau en Finances i Comptabilitat. Codi: FC1049. Curs acadèmic 2013-2014 This paper attempts to study the main accounting perspectives regarding emission allowances with a special focus on the derived problems of accounting divergence due to the lack of specific guidance addressing the accounting issues of this particular area. With that purpose, the study will introduce the fundamental accounting issues concerning GHG emissions. The current state of both international and some national GAAP (IFRS, U.S. and Spanish) related to GHG emissions is discussed below along with the diversity in existing practices. This accounting divergence hinders the ability of shareholders, regulators and creditors to truly understand the firms´ financial situation since it undermines the comparability of financial statements. Therefore, the ultimate goal of this report is to show the need for formal accounting guidelines concerning the recognition, measurement and disclosure of emission rights, highlighting the significant impact of emission gases on firms’ accounting and financial statements.

Treball Final de Grau en Finances i Comptabilitat. Codi: FC1049. Curs: 2013/2014 This final degree project is devoted to non-financial fixed assets valuation, which can basically be done following the revaluation and the historical cost models. The topic is analyzed from both a theoretical and practical perspective. I first revise the differences between the two models, as included in the IASB standards. Then, I review the main arguments that different authorized voices put forward for and against both models from the perspective of their contribution to the usefulness of accounting information. Finally, I develop a simulated case where I compare the effect of the two models on financial statements and key financial indicators.