Please use this identifier to cite or link to this item: https://hdl.handle.net/10419/310563 
Authors: 
Year of Publication: 
2014
Citation: 
[Journal:] Journal of Accounting and Management Information Systems (JAMIS) [ISSN:] 2559-6004 [Volume:] 13 [Issue:] 3 [Year:] 2014 [Pages:] 466-491
Publisher: 
Bucharest University of Economic Studies, Bucharest
Abstract: 
The accession of Romania to EU – in 2007 - confirmed the mandatory application IFRS in the consolidated financial statements of Romanian listed companies. From 2012, the application of IFRS is extended to the separate financial statements of the listed companies. Applying the Gray index of comparability, we attempt to measure the impact of the transition to IFRS on the accounting figures for the comparative year 2011. Our findings (slight increase of equities, decrease in income, ROA, ROE, ROS, increase in leverage) suggests that the impact of IFRS on Romanian companies is not very important and is not always in the same direction as the changes that occurs in countries that belong to the European continental accounting model.
Subjects: 
IFRS impact
Romania
index of comparability
European accounting system
neutrality
JEL: 
M41
Creative Commons License: 
cc-by Logo
Document Type: 
Article

Files in This Item:
File
Size
211.68 kB





Items in EconStor are protected by copyright, with all rights reserved, unless otherwise indicated.