The Normalization Process of Recognition of the Elements in the Financial Statements. The Credibility and Relevance of Information

Gâdau Liana ()
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Gâdau Liana: “Spiru Haret” University of Bucharest

Ovidius University Annals, Economic Sciences Series, 2011, vol. XI, issue 1, 778-781

Abstract: The necessity of normalization process of recognition of the elements in the financial statements appeared at different levels of the accounting referential, and here we refer particularly at the two basic referential: the international and the American one, which will constitute the basis of our analysis on this paper. Therefore, the result of the normalization process of recognition of the items from the financial statements has result in the establishment of the criteria for recognition, which contribute to proper positioning of elements in the financial statements, thus giving credibility and relevance of the information contained therein.

Keywords: the financial statements; the process of recognition of the elements; the criteria for recognition (search for similar items in EconPapers)
JEL-codes: M40 M41 (search for similar items in EconPapers)
Date: 2011
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Persistent link: https://EconPapers.repec.org/RePEc:ovi:oviste:v:11:y:2011:i:1:p:778-781

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