IFRS IN ROMANIAN BANKING SYSTEM. LIMITS AND CHALLENGES
In our globalized world, accounting has followed the trend and it has imposed comparability norms in order to adjust to everyday economic transactions. The International Financial Reporting Standards are a set of accounting standards developed by a non-profit organization called IASB (International...
| Main Authors: | , , |
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| Format: | Article |
| Language: | English |
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Fundația Română pentru Inteligența Afacerii
2017-07-01
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| Series: | Law, Society & Organisations |
| Subjects: | |
| Online Access: |
http://seaopenresearch.eu/Journals/articles/LSO_2_6.pdf
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| _version_ | 1818980980688420864 |
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| author | Inesa TOFANICA Emil HOROMNEA Mihaela CHIRIAC |
| author_facet | Inesa TOFANICA Emil HOROMNEA Mihaela CHIRIAC |
| author_sort | Inesa TOFANICA |
| collection | DOAJ |
| description | In our globalized world, accounting has followed the trend and it has imposed comparability norms in order to adjust to everyday economic transactions. The International Financial Reporting Standards are a set of accounting standards developed by a non-profit organization called IASB (International Accounting Standards Board). This set of standards is applied in many countries all over the world, and Romania is one of them. The advantages of IFRS are well known and recognized, but the path of IFRS adoption is not always smooth. This paper aims to present the limits and the challenges encountered by the companies which apply IFRS in their financial reports. |
| first_indexed | 2024-12-20T17:24:03Z |
| format | Article |
| id | doaj.art-737750f0b4e54ad18d023b6da889f1c7 |
| institution | Directory Open Access Journal |
| issn | 2537-477X |
| language | English |
| last_indexed | 2024-12-20T17:24:03Z |
| publishDate | 2017-07-01 |
| publisher | Fundația Română pentru Inteligența Afacerii |
| record_format | Article |
| series | Law, Society & Organisations |
| spelling | doaj.art-737750f0b4e54ad18d023b6da889f1c72022-12-21T19:31:39ZengFundația Română pentru Inteligența AfaceriiLaw, Society & Organisations2537-477X2017-07-01II2 (1/2017)4145lawsor:y:2017:i:2:41-45IFRS IN ROMANIAN BANKING SYSTEM. LIMITS AND CHALLENGESInesa TOFANICA0Emil HOROMNEA1Mihaela CHIRIAC2 Școala Doctorală de Economie și Administrare a Afacerilor, Universitatea “Al.I.Cuza” din Iași Școala Doctorală de Economie și Administrare a Afacerilor, Universitatea “Al.I.Cuza” din Iași Școala Doctorală de Economie și Administrare a Afacerilor, Universitatea “Al.I.Cuza” din Iași In our globalized world, accounting has followed the trend and it has imposed comparability norms in order to adjust to everyday economic transactions. The International Financial Reporting Standards are a set of accounting standards developed by a non-profit organization called IASB (International Accounting Standards Board). This set of standards is applied in many countries all over the world, and Romania is one of them. The advantages of IFRS are well known and recognized, but the path of IFRS adoption is not always smooth. This paper aims to present the limits and the challenges encountered by the companies which apply IFRS in their financial reports. http://seaopenresearch.eu/Journals/articles/LSO_2_6.pdf IFRSThe banking systemChallenges |
| spellingShingle | Inesa TOFANICA Emil HOROMNEA Mihaela CHIRIAC IFRS IN ROMANIAN BANKING SYSTEM. LIMITS AND CHALLENGES Law, Society & Organisations IFRS The banking system Challenges |
| title | IFRS IN ROMANIAN BANKING SYSTEM. LIMITS AND CHALLENGES |
| title_full | IFRS IN ROMANIAN BANKING SYSTEM. LIMITS AND CHALLENGES |
| title_fullStr | IFRS IN ROMANIAN BANKING SYSTEM. LIMITS AND CHALLENGES |
| title_full_unstemmed | IFRS IN ROMANIAN BANKING SYSTEM. LIMITS AND CHALLENGES |
| title_short | IFRS IN ROMANIAN BANKING SYSTEM. LIMITS AND CHALLENGES |
| title_sort | ifrs in romanian banking system limits and challenges |
| topic | IFRS The banking system Challenges |
| url |
http://seaopenresearch.eu/Journals/articles/LSO_2_6.pdf
|
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