INTERMEDIATE MANAGEMENT BALANCES ANALYSIS IN THE CONTEXT OF THE APPLICATION OF IFRS

Hada Izabela Diana and Hint Mihaela
Additional contact information
Hada Izabela Diana: 1 DECEMBRIE 1918 UNIVERSITY OF ALBA IULIA
Hint Mihaela: 1 DECEMBRIE 1918 UNIVERSITY OF ALBA IULIA

Annals - Economy Series, 2018, vol. 3, 165-170

Abstract: Intermediate management balances provide information regarding the profitability of an entity activity on different levels. Highlighting the training mode of the result, intermediate management balances representan important step in the measurement of the performance of an entity. The purpose of this article is to analyze the training mode of the entity result in the context of the adoption of international financial reporting standards and the possibility of using information provided by accounting reports prepared in accordance with IFRS in order to calculate intermediate balances management and use, by default, in the performance measurement. The research is based on the comparative analysis of the intermediate management balances calculated on the basis of financial reports in accordance with national accounting standards and financial reports in accordance with international financial reporting standards. The results of this research show that adoption of IFRS is a new system for analyzing the intermediate management balances and performance assessment, system centered on contribution to the national wealth through value added. This process of normalization of international accounting standards creates a high degree of comparability of financial performance, which leads to an increase in the transparency of the operational and financial activities of entities.

Keywords: intermediate management balances; value added; International Financial Reporting Standards; performance; accounting harmonization (search for similar items in EconPapers)
Date: 2018
References: View references in EconPapers View complete reference list from CitEc
Citations:

Downloads: (external link)
http://www.utgjiu.ro/revista/ec/pdf/2018-03/23_Hada.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:cbu:jrnlec:y:2018:v:3:p:165-170

Access Statistics for this article

More articles in Annals - Economy Series from Constantin Brancusi University, Faculty of Economics Contact information at EDIRC.
Bibliographic data for series maintained by Ecobici Nicolae ( this e-mail address is bad, please contact ).