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How Are The Conceptual Framework Hypotheses Reflected Into Practice? A Short Review Of The Current Literature

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  • Antonia Cosmina GIUGLEA

    (Accounting and Audit Department, FSEGA, UBB, Cluj-Napoca, Romania)

Abstract

The IFRS implementation has marked an important milestone in the history of accounting. Since the beginning, there have been both advocates and critics, debating whether the initial objectives were, in fact, met in practice. The present article examines the Conceptual Framework, which constitutes the basis for IFRS implementation, and identifies the main results of the recent studies on the topic. The research is theoretical, analysing relevant literature and bringing forward up to date concepts, beneficial for future research. Policymakers proclaim their policies are rooted in evidence and often turn to academic researchers for impartial and reliable evidence. In view of the fact that a significant number of studies have been conducted thus far, the present paper attempts to summarize the outcomes and present the conclusion.

Suggested Citation

  • Antonia Cosmina GIUGLEA, 2023. "How Are The Conceptual Framework Hypotheses Reflected Into Practice? A Short Review Of The Current Literature," Annals of Faculty of Economics, University of Oradea, Faculty of Economics, vol. 32(1), pages 351-362, July.
    • Handle: RePEc:ora:journl:v:32:y:2023:i:1:p:351-362
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    References listed on IDEAS

    as
    1. Mary E. Barth & Wayne R. Landsman & Mark H. Lang, 2008. "International Accounting Standards and Accounting Quality," Journal of Accounting Research, Wiley Blackwell, vol. 46(3), pages 467-498, June.
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    More about this item

    Keywords

    IFRS; COMPARABILITY; FINANCIAL REPORTING;
    All these keywords.

    JEL classification:

    • G14 - Financial Economics - - General Financial Markets - - - Information and Market Efficiency; Event Studies; Insider Trading
    • G15 - Financial Economics - - General Financial Markets - - - International Financial Markets

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