Impact of IFRS on the accounting numbers of Romanian listed companies

Costel Istrate

Journal of Accounting and Management Information Systems, 2014, vol. 13, issue 3, 466-491

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.

Keywords: IFRS impact; Romania; index of comparability; European accounting system; neutrality (search for similar items in EconPapers)
JEL-codes: M41 (search for similar items in EconPapers)
Date: 2014
References: View complete reference list from CitEc
Citations: View citations in EconPapers (9)

Downloads: (external link)
http://online-cig.ase.ro/RePEc/ami/articles/13_3_3.pdf (application/pdf)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:ami:journl:v:13:y:2014:i:3:p:466-491

Access Statistics for this article

More articles in Journal of Accounting and Management Information Systems from Faculty of Accounting and Management Information Systems, The Bucharest University of Economic Studies
Bibliographic data for series maintained by Cristina Tartavulea ().