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Intermediate Management Balances Analysis In The Context Of The Application Of Ifrs

Author

Listed:
  • HADA IZABELA DIANA

    (1 DECEMBRIE 1918 UNIVERSITY OF ALBA IULIA)

  • HINT MIHAELA

    (1 DECEMBRIE 1918 UNIVERSITY OF ALBA IULIA)

Abstract

Intermediate management balances provide information regarding the profitability of an entity activity on different levels. Highlighting the training mode of the result, intermediate management balances representan important step in the measurement of the performance of an entity. The purpose of this article is to analyze the training mode of the entity result in the context of the adoption of international financial reporting standards and the possibility of using information provided by accounting reports prepared in accordance with IFRS in order to calculate intermediate balances management and use, by default, in the performance measurement. The research is based on the comparative analysis of the intermediate management balances calculated on the basis of financial reports in accordance with national accounting standards and financial reports in accordance with international financial reporting standards. The results of this research show that adoption of IFRS is a new system for analyzing the intermediate management balances and performance assessment, system centered on contribution to the national wealth through value added. This process of normalization of international accounting standards creates a high degree of comparability of financial performance, which leads to an increase in the transparency of the operational and financial activities of entities.

Suggested Citation

  • Hada Izabela Diana & Hint Mihaela, 2018. "Intermediate Management Balances Analysis In The Context Of The Application Of Ifrs," Annals - Economy Series, Constantin Brancusi University, Faculty of Economics, vol. 3, pages 165-170, June.
    • Handle: RePEc:cbu:jrnlec:y:2018:v:3:p:165-170
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    References listed on IDEAS

    as
    1. Sana Ben Ghodbane, 2013. "IFRS and performance measurement," African Journal of Accounting, Auditing and Finance, Inderscience Enterprises Ltd, vol. 2(2), pages 175-185.
    2. Mihaela DUMITRU & Marian TAICU & Gheorghe SAVOIU, 2014. "The Use of Intermediate Management Balances as a Performance Management Tool in Electricity Companies," Romanian Statistical Review Supplement, Romanian Statistical Review, vol. 62(1), pages 24-35, January.
    3. Ilie Răscolean & Alin Monea, 2014. "Some aspects regarding meaning of intermediate management balances," Annals of the University of Petrosani, Economics, University of Petrosani, Romania, vol. 14(1), pages 297-304.
    4. Mihaela-Cristina ONICA, 2012. "The Impact of the Application of IFRS on Reporting the Financial Position," Risk in Contemporary Economy, "Dunarea de Jos" University of Galati, Faculty of Economics and Business Administration, pages 335-340.
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