CONTENT OF FINANCIAL STATEMENTS AND THEIR INFORMATIVE VALENCES FOR STAKEHOLDERS

Vasile Cristian Ioachim Miron, Vasile Burja and Eleonora Ionela Focsan
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Vasile Cristian Ioachim Miron: “1 Decembrie 1918” University of Alba Iulia, Romania
Vasile Burja: “1 Decembrie 1918” University of Alba Iulia, Romania
Eleonora Ionela Focsan: “1 Decembrie 1918” University of Alba Iulia, Romania

Annals - Economy Series, 2015, vol. Special, 255-261

Abstract: The qualitative characteristics of accounting information have a major importance in fundamenting stakeholders decisions in order to satisfy their interests. The financial statements, by their nature, provide synthetic information which shows the financial position and its modifications, the economic performance of the entity, the management of resources and other aspects that lead to rational decisions. Stakeholders interests are complex and sometimes divergent, that is why the content of the financial statements must be adapted in order to meet these interests. The present research analyzes how the information presented in the financial statements respond to the needs of the stakeholders. The analysis showed that there are some significant aspects for which the informational power of the financial statements is reduced. Also, using econometric processing, we have conceived a function that characterizes the correlation between the financial profitability of the entities activating in the energy sector and the profitability obtained in the stock exchange market. The conclusions of the research allowed us to propose some measures of improvement of the information from the financial statements, in order to create an adequate informational basis for the decisions of all the categories of stakeholders.

Keywords: stakeholders; financial situations; information; decisions; IFRS (search for similar items in EconPapers)
Date: 2015
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Persistent link: https://EconPapers.repec.org/RePEc:cbu:jrnlec:y:2015:v:special:p:255-261

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