THE LEGAL FRAMEWORK FOR THE IMPLEMENTATION OF IFRS AND THEIR IMPLICATIONS IN THE BANKING SYSTEM FROM ROMANIA
At the level of the European financial system, banks are the basic institutions which provide financing for the private sector, it preferring bank financing at the expense of financing through the capital market. The current stage of the international accounting harmonisation process focuses on obta...
| Main Authors: | , , |
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| Format: | Article |
| Language: | English |
| Published: |
Dunarea de Jos University of Galati
2015-05-01
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| Series: | Risk in Contemporary Economy |
| Online Access: | http://www.rce.feaa.ugal.ro/images/stories/RCE2015/Finante-Contabilitate/ApetriMihalciucMihai.pdf |
| _version_ | 1818395232272646144 |
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| author | Anisoara Apetri Camelia Mihalciuc ana Iuliana Mihai |
| author_facet | Anisoara Apetri Camelia Mihalciuc ana Iuliana Mihai |
| author_sort | Anisoara Apetri |
| collection | DOAJ |
| description | At the level of the European financial system, banks are the basic institutions which provide financing for the private sector, it preferring bank financing at the expense of financing through the capital market. The current stage of the international accounting harmonisation process focuses on obtaining similar economic decisions taken by investors and other users of the financial statements – decisions based on equivalent financial statements, prepared according to the set of International Financial Reporting Standards - IFRS developed by the IASB. Therefore, the aim of this study is to provide an overview of the implementation of IFRS in the world as well as in Romania by providing some information about the adoption process and the issues identified through the implementation of IFRS, especially in the banking field in Romania. |
| first_indexed | 2024-12-14T06:13:50Z |
| format | Article |
| id | doaj.art-f6f2ebc2e31845938140a9a74b206a2d |
| institution | Directory Open Access Journal |
| issn | 2067-0532 2067-0532 |
| language | English |
| last_indexed | 2024-12-14T06:13:50Z |
| publishDate | 2015-05-01 |
| publisher | Dunarea de Jos University of Galati |
| record_format | Article |
| series | Risk in Contemporary Economy |
| spelling | doaj.art-f6f2ebc2e31845938140a9a74b206a2d2022-12-21T23:14:05ZengDunarea de Jos University of GalatiRisk in Contemporary Economy2067-05322067-05322015-05-0121279288THE LEGAL FRAMEWORK FOR THE IMPLEMENTATION OF IFRS AND THEIR IMPLICATIONS IN THE BANKING SYSTEM FROM ROMANIAAnisoara Apetri0Camelia Mihalciuc1ana Iuliana Mihai2“Stefan cel Mare” University of Suceava, Romania“Stefan cel Mare” University of Suceava, Romania“Dunarea de Jos” University of Galati, RomaniaAt the level of the European financial system, banks are the basic institutions which provide financing for the private sector, it preferring bank financing at the expense of financing through the capital market. The current stage of the international accounting harmonisation process focuses on obtaining similar economic decisions taken by investors and other users of the financial statements – decisions based on equivalent financial statements, prepared according to the set of International Financial Reporting Standards - IFRS developed by the IASB. Therefore, the aim of this study is to provide an overview of the implementation of IFRS in the world as well as in Romania by providing some information about the adoption process and the issues identified through the implementation of IFRS, especially in the banking field in Romania.http://www.rce.feaa.ugal.ro/images/stories/RCE2015/Finante-Contabilitate/ApetriMihalciucMihai.pdf |
| spellingShingle | Anisoara Apetri Camelia Mihalciuc ana Iuliana Mihai THE LEGAL FRAMEWORK FOR THE IMPLEMENTATION OF IFRS AND THEIR IMPLICATIONS IN THE BANKING SYSTEM FROM ROMANIA Risk in Contemporary Economy |
| title | THE LEGAL FRAMEWORK FOR THE IMPLEMENTATION OF IFRS AND THEIR IMPLICATIONS IN THE BANKING SYSTEM FROM ROMANIA |
| title_full | THE LEGAL FRAMEWORK FOR THE IMPLEMENTATION OF IFRS AND THEIR IMPLICATIONS IN THE BANKING SYSTEM FROM ROMANIA |
| title_fullStr | THE LEGAL FRAMEWORK FOR THE IMPLEMENTATION OF IFRS AND THEIR IMPLICATIONS IN THE BANKING SYSTEM FROM ROMANIA |
| title_full_unstemmed | THE LEGAL FRAMEWORK FOR THE IMPLEMENTATION OF IFRS AND THEIR IMPLICATIONS IN THE BANKING SYSTEM FROM ROMANIA |
| title_short | THE LEGAL FRAMEWORK FOR THE IMPLEMENTATION OF IFRS AND THEIR IMPLICATIONS IN THE BANKING SYSTEM FROM ROMANIA |
| title_sort | legal framework for the implementation of ifrs and their implications in the banking system from romania |
| url | http://www.rce.feaa.ugal.ro/images/stories/RCE2015/Finante-Contabilitate/ApetriMihalciucMihai.pdf |
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