ACCOUNTING SYSTEMS AND THEIR CONVERGENCES NOWADAYS
The expansion of opportunities and the disappearance of country borders make the answering the question increasingly urgent that which country’s or region’s acts and customs as precedents the accounting created for measuring the economic performance should use in the future. The fact makes this ques...
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| Format: | Article |
| Language: | deu |
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University of Oradea
2014-07-01
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| Series: | Annals of the University of Oradea: Economic Science |
| Subjects: | |
| Online Access: | http://anale.steconomiceuoradea.ro/volume/2014/n1/064.pdf |
| _version_ | 1819143122823675904 |
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| author | DARABOS Eva |
| author_facet | DARABOS Eva |
| author_sort | DARABOS Eva |
| collection | DOAJ |
| description | The expansion of opportunities and the disappearance of country borders make the answering the question increasingly urgent that which country’s or region’s acts and customs as precedents the accounting created for measuring the economic performance should use in the future. The fact makes this question especially interesting that these acts and customs often differ from each other significantly even within a region. The objective of the study is to introduce the major accounting systems (US GAAP, EU directives, IFRS) and their supporting institutional background in a conception way with a special regard on compiling financial statements on the basis of IFRS. The accounts should include not only validity but the preciseness expected by both the owners and the creditors focusing on consistency, the usefulness, transparency and unambiguousness of the contained pieces of information. All these are especially important when a given enterprise or an enterprise-group represents itself in several countries or continents. The actuality of the topic is strengthened by the fact that more and more entities being interested even in abroad require to use a system based on internationally accepted standards as a basis when compiling annual accounts and consolidation for the sake of comparability. |
| first_indexed | 2024-12-22T12:21:14Z |
| format | Article |
| id | doaj.art-c2e6a14f0164467fbd2eeefb9fd93380 |
| institution | Directory Open Access Journal |
| issn | 1222-569X 1582-5450 |
| language | deu |
| last_indexed | 2024-12-22T12:21:14Z |
| publishDate | 2014-07-01 |
| publisher | University of Oradea |
| record_format | Article |
| series | Annals of the University of Oradea: Economic Science |
| spelling | doaj.art-c2e6a14f0164467fbd2eeefb9fd933802022-12-21T18:25:57ZdeuUniversity of OradeaAnnals of the University of Oradea: Economic Science1222-569X1582-54502014-07-01231604610ACCOUNTING SYSTEMS AND THEIR CONVERGENCES NOWADAYSDARABOS Eva0 University of Debrecen,Faculty of Applied Economics and Rural Development, Institute of Accounting and FinanceThe expansion of opportunities and the disappearance of country borders make the answering the question increasingly urgent that which country’s or region’s acts and customs as precedents the accounting created for measuring the economic performance should use in the future. The fact makes this question especially interesting that these acts and customs often differ from each other significantly even within a region. The objective of the study is to introduce the major accounting systems (US GAAP, EU directives, IFRS) and their supporting institutional background in a conception way with a special regard on compiling financial statements on the basis of IFRS. The accounts should include not only validity but the preciseness expected by both the owners and the creditors focusing on consistency, the usefulness, transparency and unambiguousness of the contained pieces of information. All these are especially important when a given enterprise or an enterprise-group represents itself in several countries or continents. The actuality of the topic is strengthened by the fact that more and more entities being interested even in abroad require to use a system based on internationally accepted standards as a basis when compiling annual accounts and consolidation for the sake of comparability.http://anale.steconomiceuoradea.ro/volume/2014/n1/064.pdfUS GAAP, IFRS, EU directives, financial statements, accounting regulation |
| spellingShingle | DARABOS Eva ACCOUNTING SYSTEMS AND THEIR CONVERGENCES NOWADAYS Annals of the University of Oradea: Economic Science US GAAP, IFRS, EU directives, financial statements, accounting regulation |
| title | ACCOUNTING SYSTEMS AND THEIR CONVERGENCES NOWADAYS |
| title_full | ACCOUNTING SYSTEMS AND THEIR CONVERGENCES NOWADAYS |
| title_fullStr | ACCOUNTING SYSTEMS AND THEIR CONVERGENCES NOWADAYS |
| title_full_unstemmed | ACCOUNTING SYSTEMS AND THEIR CONVERGENCES NOWADAYS |
| title_short | ACCOUNTING SYSTEMS AND THEIR CONVERGENCES NOWADAYS |
| title_sort | accounting systems and their convergences nowadays |
| topic | US GAAP, IFRS, EU directives, financial statements, accounting regulation |
| url | http://anale.steconomiceuoradea.ro/volume/2014/n1/064.pdf |
| work_keys_str_mv | AT daraboseva accountingsystemsandtheirconvergencesnowadays AT accountingsystemsandtheirconvergencesnowadays AT accountingsystemsandtheirconvergencesnowadays AT accountingsystemsandtheirconvergencesnowadays |