Comparative study on impairment of assets in terms of informational transparency

Pășcan Irina-Doina () and Szakacs Nicoleta Alexandra
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Pășcan Irina-Doina: Faculty of Economics, Law and Administration, Finance and Accounting Department, Petru Maior University from Tirgu Mures

STUDIA UNIVERSITATIS PETRU MAIOR SERIES OECONOMICA, 2016, vol. 1, 159-179

Abstract: In the context of recent debates on reintroducting the notion “prudence” in the Conceptual framework for financial reporting, research on accounting conservatism practices is in the spotlight. Impairment of assets, one of the conservative practices, is analzyed in this study based on a comparation between the provision of Romanian accounting regulation and International Financial Reporting Standards (IFRS) and in terms of informational transparency of financial reporting published by Romanian entities under two different sets of accounting regulations. Results show that the entities included in the study have published information on impairment of assets in their financial statements, but in a global manner, without details about impairment’s calculation.

Keywords: impairment of assets; accounting conservatism; informational transparency; Romanian listed entities; Bucharest Stock Exchange. (search for similar items in EconPapers)
JEL-codes: M (search for similar items in EconPapers)
Date: 2016
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