The Impact of Accounting Reforms in Financial Reporting- Case of Albania

Mirela Ujkani Miti and Sotiraq Dhamo
Additional contact information
Mirela Ujkani Miti: Lecturer on Accounting Department, Faculty of Economics University of Tirana Albania

European Journal of Economics and Business Studies Articles, 2018, vol. 4

Abstract: In the line with Albania's membership in the European Union, as in many other countries, we have been implementing reforms in the accounting field, which have had an impact on financial reporting. These reforms have also affected the accounting profession. The establishment of a full set of National Accounting Standards (NAS) in accordance with IFRS was the main basis of these reforms. Through our study, following a review of the literature and focusing on the National Accounting Council's objective in updating national accounting standards in the context of harmonization with European Parliament Directive 2013/34 / EU (hereafter referred to as the "Directive"), we will highlight if this harmonization in itself is essential and effective for the economic unit, or it is simply an update. Based on the analysis of the primary data through the fuzzy logic analysis method, the effect of the accounting reform in the financial reporting will be studied by observing the relationship that may exist between these two indicators, as well as measuring the convergence level and making the difference between the adjusted NAS and the previous set of them.

Keywords: financial reporting; accounting standards; legal framework; formal harmonization; Measurement. (search for similar items in EconPapers)
Date: 2018
References: View references in EconPapers View complete reference list from CitEc
Citations:

Downloads: (external link)
https://brucol.be/index.php/ejes/article/view/5447 (text/html)
https://brucol.be/files/articles/ejes_v4_i2_18/Miti.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:eur:ejesjr:220

DOI: 10.26417/ejes.v4i2.p52-66

Access Statistics for this article

More articles in European Journal of Economics and Business Studies Articles from Revistia Research and Publishing
Bibliographic data for series maintained by Revistia Research and Publishing ().