Comparative Study Regarding Financial Communication by Means of Annual Financial Statements – IASB/FASB

Guni Claudia Nicoleta () and Munteanu Victor ()
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Guni Claudia Nicoleta: “Spiru Haret” University, Constanta
Munteanu Victor: ”Dimitrie Cantemir” University, Bucharest

Ovidius University Annals, Economic Sciences Series, 2014, vol. XIV, issue 1, 617-621

Abstract: The accounting information offer is influenced, on the one side, by external factors and their pressure on the accounting system, and on the other side by the way in which the accounting information is regulated and developed. According to economic theory, the demand for accounting information arises from the informational asymmetry and from the way the conflicts between the company's management and external investors are dealt with. The financial statements and the financial reports are among the most important means available provided for the company's management to allow them to communicate with the investors.

Keywords: accrual accounting; continuity of exploitation; objective of financial statements; profit and loss account (search for similar items in EconPapers)
JEL-codes: G3 G32 G34 (search for similar items in EconPapers)
Date: 2014
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Persistent link: https://EconPapers.repec.org/RePEc:ovi:oviste:v:xiv:y:2014:i:1:p:617-621

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