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The Evolution Of The International Standards Of Accountancy Ias/Ifrs, Area Of Application And The Mechanism Of Adoption

Author

Listed:
  • Viorel TURCANU

    (Academy of Economic Studies of Moldova, Republic of Moldova)

  • Dorel MATES

    (West University of Timisoara, Faculty of Economic Studies, Timisoara, Romania)

  • Ionel BOSTAN

    (University Stefan cel Mare Suceava, Faculty of Economics and Public Administration , Suceava, Romania)

  • Veronica GROSU
  • Marian SOCOLIUC

    (University Stefan cel Mare Suceava, Faculty of Economics and Public Administration , Suceava, Romania)

Abstract

Unifying the economical-financial information at an international level represents today, within the context of the globalization and integration of the financial markets around the world, an important and urgent demand (necessity). Actually, we are talking about a necessary prerogative for the comparability of the international companies’ performances for the transparency, efficiency and the development of the financial markets across the world. Unifying the accountancy rules and the general use of a common accountancy language constitutes the necessary condition for a homogenious financial information circulation, understandable and transparent, necessary for a higher credibility and a better possibility to compare balances, and most of all that the investor trusts this accountant information document. (the balance sheet). EU = unifies the financial information of the societies at the stock market, for the protection of the investments.

Suggested Citation

  • Viorel TURCANU & Dorel MATES & Ionel BOSTAN & Veronica GROSU & Marian SOCOLIUC, 2008. "The Evolution Of The International Standards Of Accountancy Ias/Ifrs, Area Of Application And The Mechanism Of Adoption," The Annals of the "Stefan cel Mare" University of Suceava. Fascicle of The Faculty of Economics and Public Administration, "Stefan cel Mare" University of Suceava, Romania, Faculty of Economics and Public Administration, vol. 8(1(8)), pages 142-146, June.
    • Handle: RePEc:scm:ausvfe:v:8:y:2008:i:1(8):p:142-146
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    Cited by:

    1. Mariana Muresan & Cristina Silvia Nistor & Crina Filip, 2013. "Convergence or Divergence between National and International View on Tangible Assets - Case Study Romania," Acta Universitatis Danubius. OEconomica, Danubius University of Galati, issue 5(5), pages 50-60, October.

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