The Impact of Applying the IFRS Accounting Rules on the Business Environment

Diana Andreea Trãistaru ()
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Diana Andreea Trãistaru: Ph.D Student, University of Craiova, Faculty of Economics and Business Administration

Ovidius University Annals, Economic Sciences Series, 2016, vol. XVI, issue 1, 616-621

Abstract: Throughout this study, I have underlined the need for implementing financial accounting rules and the general features related to the described fair value, while also presenting the development of the relevant standards and the definition of IASB perception in relation to financial assets, financial liabilities and capital instruments. A slow progress and repeated delays have helped IAS 39 remain relevant for a period longer than initially foreseen and this trend shall remain in place until IFRS 9 is implemented. This shows the ever growing importance of the topics and approaches discussed in this study.

Keywords: fair value; financial assets; IAS 39; IFRS 9; reclassification (search for similar items in EconPapers)
JEL-codes: M41 (search for similar items in EconPapers)
Date: 2016
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