IMPACT OF IFRS ADOPTION ON ROMANIAN COMPANIES
Accounting globalization follows the transformation of the accounting system into an economic and financial model, able to inform more correctly and rapidly the users of the accounting information, amongst which the investors and the creditors are clearly delimited. Within this context, the need of...
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| Format: | Article |
| Language: | English |
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Romanian Foundation for Business Intelligence
2013-10-01
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| Series: | SEA: Practical Application of Science |
| Subjects: | |
| Online Access: |
http://seaopenresearch.eu/Journals/articles/SPAS_2_28.pdf
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| _version_ | 1819052717465665536 |
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| author | Adriana Florina POPA Andreea Gabriela PONORICA Oana Georgiana STANILA |
| author_facet | Adriana Florina POPA Andreea Gabriela PONORICA Oana Georgiana STANILA |
| author_sort | Adriana Florina POPA |
| collection | DOAJ |
| description | Accounting globalization follows the transformation of the accounting system into an economic and financial model, able to inform more correctly and rapidly the users of the accounting information, amongst which the investors and the creditors are clearly delimited. Within this context, the need of a harmonized and well oriented accounting system has become imperative. The adoption of a set of international accounting standards in Europe is intended to provide uniform and high quality financial information on the financial markets which would consolidate the global market efficiency, reducing the cost of capital accessing for European companies. There are numerous opinions according to which the IFRS adoption could be an element of abolishing the discrepancies between the accounting systems, offering at the same time a high level of transparency of the financial information. Our objective is to analyze the opportunity of implementing the IAS/IFRS referential by the Romanian companies, as well as their instant reaction within this context. |
| first_indexed | 2024-12-21T12:24:16Z |
| format | Article |
| id | doaj.art-12eda2636dce4296afca45755d4d2607 |
| institution | Directory Open Access Journal |
| issn | 2360-2554 |
| language | English |
| last_indexed | 2024-12-21T12:24:16Z |
| publishDate | 2013-10-01 |
| publisher | Romanian Foundation for Business Intelligence |
| record_format | Article |
| series | SEA: Practical Application of Science |
| spelling | doaj.art-12eda2636dce4296afca45755d4d26072022-12-21T19:04:13ZengRomanian Foundation for Business IntelligenceSEA: Practical Application of Science2360-25542013-10-01I2 (2/2013)241250seapas:y:2013:i:2:p:241-250IMPACT OF IFRS ADOPTION ON ROMANIAN COMPANIESAdriana Florina POPA0Andreea Gabriela PONORICA1Oana Georgiana STANILA2 Faculty of Accounting and Management Information Systems, Bucharest University of Economic Studies, Romania Faculty of Accounting and Management Information Systems, Bucharest University of Economic Studies, Romania Faculty of Accounting and Management Information Systems, Bucharest University of Economic Studies, Romania Accounting globalization follows the transformation of the accounting system into an economic and financial model, able to inform more correctly and rapidly the users of the accounting information, amongst which the investors and the creditors are clearly delimited. Within this context, the need of a harmonized and well oriented accounting system has become imperative. The adoption of a set of international accounting standards in Europe is intended to provide uniform and high quality financial information on the financial markets which would consolidate the global market efficiency, reducing the cost of capital accessing for European companies. There are numerous opinions according to which the IFRS adoption could be an element of abolishing the discrepancies between the accounting systems, offering at the same time a high level of transparency of the financial information. Our objective is to analyze the opportunity of implementing the IAS/IFRS referential by the Romanian companies, as well as their instant reaction within this context. http://seaopenresearch.eu/Journals/articles/SPAS_2_28.pdf IFRSIFRS adoptionRomanian accountingListed companies |
| spellingShingle | Adriana Florina POPA Andreea Gabriela PONORICA Oana Georgiana STANILA IMPACT OF IFRS ADOPTION ON ROMANIAN COMPANIES SEA: Practical Application of Science IFRS IFRS adoption Romanian accounting Listed companies |
| title | IMPACT OF IFRS ADOPTION ON ROMANIAN COMPANIES |
| title_full | IMPACT OF IFRS ADOPTION ON ROMANIAN COMPANIES |
| title_fullStr | IMPACT OF IFRS ADOPTION ON ROMANIAN COMPANIES |
| title_full_unstemmed | IMPACT OF IFRS ADOPTION ON ROMANIAN COMPANIES |
| title_short | IMPACT OF IFRS ADOPTION ON ROMANIAN COMPANIES |
| title_sort | impact of ifrs adoption on romanian companies |
| topic | IFRS IFRS adoption Romanian accounting Listed companies |
| url |
http://seaopenresearch.eu/Journals/articles/SPAS_2_28.pdf
|
| work_keys_str_mv | AT adrianaflorinapopa impactofifrsadoptiononromaniancompanies AT andreeagabrielaponorica impactofifrsadoptiononromaniancompanies AT oanageorgianastanila impactofifrsadoptiononromaniancompanies |