Conservative Accounting Practices Used by Companies Listed on Stock Exchanges in Romania

Ema Masca ()
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Ema Masca: Petru Maior University, Tîrgu Mures, Nicolae Iorga,no.1, Tîrgu Mures, 540088, Romania

Acta Marisiensis. Series Oeconomica, 2015, vol. 1, 74-101

Abstract: Academic research shows that financial activity implies accounting conservatism and practical studies prove that regardless of the position of the International Accounting Standards Board (IASB) and academic theories, professional accountants manifest accounting conservatism at the preparation of financial reports. Our study has taken into account the use of adjustments for impairment of assets - a conservative practice, by companies listed on the stock exchanges in Romania. We have found that sustainable companies use this conservative practice in a greater extent than others, so sustainable companies are interested in conservatism more than others. We also have found that professional accountants use revaluation of tangible assets when necessary.

Keywords: accounting conservatism; IFRS; Romania; Europe; accounting practices. (search for similar items in EconPapers)
JEL-codes: M41 (search for similar items in EconPapers)
Date: 2015
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