THE IAS/IFRS STANDARDS SYSTEM BETWEEN HARMONIZATION AND DEFORMITY

Hlaciuc Elena, Socoliuc Marian and Mates Dorel
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Hlaciuc Elena: University Stefan cel Mare Suceava Faculty of Economics and Public Admnistration
Socoliuc Marian: University Stefan cel Mare Suceava Faculty of Economic and Public Admnistration
Mates Dorel: West University Of Timisoara Faculty of Economics and Business Adminstration

Annals of Faculty of Economics, 2010, vol. 1, issue 2, 868-874

Abstract: The development of competition, the globalization and the growth and integration of the capital markets require comparable accounting information based on superior- quality standards, an accounting information to consolidate and not to obstruct the global efficiency of the market .The obligatory adoption of the current IAS/IFRS norms for the creation of the financial statements of the European companies- and especially of the listed ones- are a necessary step for the full integration of the financial markets of EU member state. The 4th and 7th CE directives contributed to the harmonization of the base accounting information of the stock companies, determining a general improvement of the European accounting norms quality, and this due to the greater comparability of the companies' account, which eased the activity of the trans-border companies.

Keywords: IAS/IFRS norm; accounting information; deformity. (search for similar items in EconPapers)
JEL-codes: M41 (search for similar items in EconPapers)
Date: 2010
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