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International Financial Reporting Standard (Ifrs) Will Support Managemnet Accounting System For Small And Medium Entreprise (Sme)?"

Author

Listed:
  • Sorin Briciu
  • Constantin Groza
  • Ioan Gânfălean

Abstract

The problem of reporting financial data useful for readers in most of the countries and languages is receiving considerable attention with the implementation of the new financial reporting standards in the United States, Canada, Australia, Europe and Japan. The theoretical model of the new standard forms that would be produced in a particular country and especially for public and world companies will expedite the search and analyses of usefulness of this reporting. The characteristic formulation of IFRS is implemented to obtain a common language in reporting financial data, capable to be interpreted by readers in the same meaning. There are a lot of interferences, convergences and divergences between accounting and financial reporting that still should be resolved for SMEs. Using a comparative method between management accounting in two countries, Canada and Romania, it will be enable to show how IFRS can solve some of those differences.

Suggested Citation

  • Sorin Briciu & Constantin Groza & Ioan Gânfălean, 2009. "International Financial Reporting Standard (Ifrs) Will Support Managemnet Accounting System For Small And Medium Entreprise (Sme)?"," Annales Universitatis Apulensis Series Oeconomica, Faculty of Sciences, "1 Decembrie 1918" University, Alba Iulia, vol. 1(11), pages 1-32.
    • Handle: RePEc:alu:journl:v:1:y:2009:i:11:p:32
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    Citations

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    Cited by:

    1. Aida R. Lozada Rivera, 2015. "SEDUCTIVE ROUTE TOWARDS CONVERGENCE DISCLOSURE: IFRS FOR SMEs,RUTA SEDUCTORA HACIA LA CONVERGENCIA DIVULGACION: NIIF PARA PYMES," Revista Internacional Administracion & Finanzas, The Institute for Business and Finance Research, vol. 8(2), pages 83-103.
    2. Florin Mihai & Constantin Groza December & Aldescu (Iacob) Elena-Oana, 2011. "Using Web Technology To Improve The Accounting Of Small And Medium Enterprises. An Academic Approach To Implementation Of Ifrs," Annales Universitatis Apulensis Series Oeconomica, Faculty of Sciences, "1 Decembrie 1918" University, Alba Iulia, vol. 2(13), pages 1-11.
    3. Luminiţa Rus & Mariana Farcaş, 2011. "The Composition And Structure Of Financial Reporting - Similarities And Differences In The Case Of Air Transport Companies," Annales Universitatis Apulensis Series Oeconomica, Faculty of Sciences, "1 Decembrie 1918" University, Alba Iulia, vol. 2(13), pages 1-13.
    4. Sorin Briciu & Constantin Groza & Alina Puţan, 2012. "Small Business Development During The Crisis," Annales Universitatis Apulensis Series Oeconomica, Faculty of Sciences, "1 Decembrie 1918" University, Alba Iulia, vol. 2(14), pages 1-2.
    5. S. Susela Devi & R. Helen Samujh, 2015. "The Political Economy of Convergence: The Case of IFRS for SMEs," Australian Accounting Review, CPA Australia, vol. 25(2), pages 124-138, June.

    More about this item

    Keywords

    IFRS ; Management Accounting. SWOT;

    JEL classification:

    • M - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics
    • M - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics

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