RESPONSABILITY CENTRES UNDER IAS2/IFRS

Magdalena Alina Ilcus
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Magdalena Alina Ilcus: 1 Decembrie 1918 University, Romania

Revista Economica, 2019, vol. 71, issue 2, 92-102

Abstract: In the last decades, the implementation worldwide of IFRS to a larger extend impacts more and more the financial accounting., Particularly, the requirements of accounting standard for inventory, IAS2, influence not only the external reporting but also the internal one. In this paper, we discuss the impact of IAS2 on the cost accounting system of an entity. In this line of thought, we conclude that the cost accounting, along with its responsibility centres, assists financial accounting in IAS2 implementation.

Keywords: Responsibility centres; Cost Accounting; Inventories IAS2; Internal Reporting (search for similar items in EconPapers)
JEL-codes: F15 M11 M41 (search for similar items in EconPapers)
Date: 2019
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Persistent link: https://EconPapers.repec.org/RePEc:blg:reveco:v:71:y:2019:i:2:p:92-102

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