Usefulness of cash-flow statements for Romanian small and medium enterprises

Horia Cristea, Nicoleta Farcane and Andra Pop
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Andra Pop: West University of Timisoara

Finante - provocarile viitorului (Finance - Challenges of the Future), 2012, vol. 1, issue 14, 7-19

Abstract: This paper aims to assess the extent to which Romanian SMEs are prepared for the transition to IFRS standards. A quantitative survey addressed to the practitioners and accountants in the small and medium enterprises from the western area of Romania is made in order to establish the degree of perception regarding the importance and usefulness of cash flow statement. The results show that there are differences between the views of staff specialized in financial and accounting departments who have used this instrument and who did not use, emphasizing difficulties encountered and illustrates the usefulness of this tool in the financial information necessary for decision making.

Keywords: cash-flow; financial reporting; small and medium entreprises (search for similar items in EconPapers)
JEL-codes: G30 G32 (search for similar items in EconPapers)
Date: 2012
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Persistent link: https://EconPapers.repec.org/RePEc:aio:fpvfcf:v:1:y:2012:i:14:p:7-19

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