IDEAS home Printed from https://ideas.repec.org/a/cbu/jrnlec/y2014v5p5-9.html
   My bibliography  Save this article

The Specific Accounting Treatments Regarding Stocks

Author

Listed:
  • PALIU–POPA LUCIA

    (“Constantin Brancusi” University, Targu Jiu, Romania)

  • COSNEANU LAVINIA

    (West University of Timisoara, Romania)

Abstract

The process of harmonization and convergence of IFRS–U.S. GAAP represents a significant advance in the approach of internationally recognized accounting referential frames, context where the accounting system in our country–undergoing internationalization and Europeanization–also experiences the assimilation of harmonization and convergence products between the two accounting standardizations worldwide. Looking from this perspective, we can say that no nation has the right to be considered superior in accounting, as several steps need to be taken in different countries in order to reach a level of compliance on a global scale–desirable. Because companies have expanded their boundaries and tus increasing the importance of managerial communication and the increasingly deeper globalization of capital markets requires and imposes the global use of a single accounting language, we deemed it useful to conduct a study regarding the main differences between the national accounting regulations and the provisions of the international reference frame on stocks, as the users of information from the financial statements seek to evaluate the profitability of the company in general, but also in terms of its risk of illiquidity, as stocks are an important component of an entity's assets. In this respect, we will address the stocks in terms of the main differences between the national accounting regulations, the provisions of the international reference frame, and the economic and financial indicators–expression of different accounting treatments.

Suggested Citation

  • Paliu–Popa Lucia & Cosneanu Lavinia, 2014. "The Specific Accounting Treatments Regarding Stocks," Annals - Economy Series, Constantin Brancusi University, Faculty of Economics, vol. 5, pages 5-9, October.
    • Handle: RePEc:cbu:jrnlec:y:2014:v:5:p:5-9
    as

    Download full text from publisher

    File URL: http://www.utgjiu.ro/revista/ec/pdf/2014-05/01_Popa,%20Cosneanu.pdf
    Download Restriction: no
    ---><---

    References listed on IDEAS

    as
    1. Jennings, R & Simko, PJ & Thompson, RB, 1996. "Does LIFO inventory accounting improve the income statement at the expense of the balance sheet?," Journal of Accounting Research, Wiley Blackwell, vol. 34(1), pages 85-109.
    Full references (including those not matched with items on IDEAS)

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Jean-Louis Paré & Frédéric Demerens, 2011. "Détecter les manipulations financières en France : Le cas d'une PME cotée sur Alternext," Post-Print hal-00650559, HAL.
    2. Dan S. Dhaliwal & Robert H. Trezevant & Michael S. Wilkins, 2000. "Tests of a Deferred Tax Explanation of the Negative Association between the LIFO Reserve and Firm Value," Contemporary Accounting Research, John Wiley & Sons, vol. 17(1), pages 41-59, March.
    3. Fields, Thomas D. & Lys, Thomas Z. & Vincent, Linda, 2001. "Empirical research on accounting choice," Journal of Accounting and Economics, Elsevier, vol. 31(1-3), pages 255-307, September.
    4. Wessel M Badenhorst & Rieka von Well, 2023. "The Value‐relevance of Fair Value Measurement for Inventories," Australian Accounting Review, CPA Australia, vol. 33(2), pages 135-159, June.
    5. Øyvind Bøhren & Jørgen Haug, 2006. "Managing Earnings with Intercorporate Investments," Journal of Business Finance & Accounting, Wiley Blackwell, vol. 33(5‐6), pages 671-695, June.
    6. Hung‐Chao Yu & Wu‐Chun Chi & Chun‐Yuan Hsu, 2003. "The Nature of Corporate Income Tax Under a Full Imputation Tax Regime: A Test of Functional Fixation," Journal of Business Finance & Accounting, Wiley Blackwell, vol. 30(3‐4), pages 589-618, April.
    7. Frédéric Demerens & Dorra Najar & Jean-Louis Paré & Jean Redis, 2013. "Typology of stock market offenses in France: An analysis of sanctions by the AMF since 2006," Post-Print hal-00992928, HAL.
    8. repec:ipg:wpaper:2014-072 is not listed on IDEAS
    9. Shackelford, Douglas A. & Shevlin, Terry, 2001. "Empirical tax research in accounting," Journal of Accounting and Economics, Elsevier, vol. 31(1-3), pages 321-387, September.
    10. Manuela Lucchese & Ferdinando Di Carlo, 2021. "Inventories Accounting under US-GAAP and IFRS Standards: The Differences That Hinder the Full Convergence," International Journal of Business and Management, Canadian Center of Science and Education, vol. 15(7), pages 180-180, July.
    11. Inès Bouaziz Daoud & Mohamed Ali Omri, 2011. "Divergences comptabilité - fiscalité, gestion fiscale et gestion des résultats en Tunisie : les nouveaux défis," Post-Print hal-00646800, HAL.
    12. Rick N. Francis, 2010. "The relative information content of operating and financing cash flow in the proposed cash flow statement," Accounting and Finance, Accounting and Finance Association of Australia and New Zealand, vol. 50(4), pages 829-851, December.
    13. Pincus, Morton, 1997. "Stock price effects of the allowance of LIFO for tax purposes," Journal of Accounting and Economics, Elsevier, vol. 23(3), pages 283-308, November.
    14. Barbe, Odile & Didelot, Laurent & Ashta, Arvind, 2014. "From Disconnected to Integrated tax and financial systems A post-IFRS evaluation of evolution of Tax and Financial Reporting relationships based on the French case," Research in Accounting Regulation, Elsevier, vol. 26(2), pages 242-256.

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:cbu:jrnlec:y:2014:v:5:p:5-9. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Ecobici Nicolae (email available below). General contact details of provider: https://edirc.repec.org/data/fetgjro.html .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.