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Necessity And Reality Between Information Transparency In Performance SMEs To Track

Constanţa Iacob () and Silvia Simionescu (Buşe)
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Constanţa Iacob: University of Craiova, Romania

Annals of the University of Petrosani, Economics, 2010, vol. 10, issue 4, 117-124

Abstract: Although organizational performance is one of the most useful outcome variables are used today and its many measures, there is a lack of consensus on ways to measure performance of SMEs. As a business specializes in measurement, evaluation, knowledge management and control of assets, liabilities and equity, and the results obtained, the accounts must provide chronological and systematic recording, processing, publication and preservation of information on financial position, financial performance and cash flows, both for their domestic needs and in dealing with present and potential investors, financial and trade creditors, customers, public institutions and other users. A modern accounting system, but one which is open to investors and accounting can be applied outside the application of IFRS subject of this article.

Keywords: SME; IFRS; information; transparency; relevance; convergence performance (search for similar items in EconPapers)
JEL-codes: J24 M12 M48 M54 (search for similar items in EconPapers)
Date: 2010
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