Theories and Methods of Assessment that have Influenced International Practices

While some theorists have been reluctant to express their opinions and give solutions to the problem of evaluation, in addition to other issues earlier review, sought in the theories developed to propose various methods for assessing balance sheet structures. Retrospective evaluation systems adopted in the theories developed in balance over time results in finding that "some theorists have resorted to an evaluation price of all elements in balance, while others, to ensure a higher accuracy of assessment operations, have adopted several different prices "for various structures of the balance sheet.evaluation, methods, price, market

Implications of International Financial Reporting Standards of Performance Indicators within a Company

Romania started a process to reform the accounting system, having the assistance benefit of EU countries (France, Belgian, and UK). Initial path chosen by Romania to harmonize accounting system was marked by the Accounting Law 82/1991 and subsequent amendments and regulations for its implementation reflected the tortuous road to EU accession and accumulation achieved by developing the accountancy profession. In terms of accounting regulatory level, we can say, without fail, that now Romania is perfectly in line with European requirements in financial reporting, as the country recently became a member of the European Union. Thus, Accounting regulations with European directives (approved by MPFO 1752/2005, then modified and supplemented by MPFO 2001/2006) provide reporting framework in strict correlation with the requirements of European directives in the field.accounting, IFRS, performance, standards

METODOLOGIA INTERNAŢIONALA ÎN MATERIE DE CONSOLIDARE A INFORMAŢIEI FINANCIAR-CONTABILE ÎN PREZENT

Starting from January 1, 2005, member countries of the European Union began theobligatory or optional application of the international standards IAS/IFRS for consolidated accounts, whatmeans a revolution in financial reporting of the enterprises. In regards to the individual accounts (generalybased on the national book-keeping standards) these will converge gadually to referential international bookkeeperon short and medium term. At the world level the proces which dominates the accounting systems is theconvergence between american and international reference system, followed immediatly more or less by theconvergence between national accounting systems and the international one. Where Romania and its specialistsare situated confronting this proces? A reflection subject which finalises this article

Theories and Methods of Assessment that have Influenced International Practices

While some theorists have been reluctant to express their opinionsand give solutions to the problem of evaluation, in addition to other issuesearlier review, sought in the theories developed to propose various methodsfor assessing balance sheet structures. Retrospective evaluation systemsadopted in the theories developed in balance over time results in finding that"some theorists have resorted to an evaluation price of all elements inbalance, while others, to ensure a higher accuracy of assessment operations,have adopted several different prices "for various structures of the balancesheet

EVALUARE ŞI CREDIBILITATE ÎN CONTABILIATE

The accounting is becoming more harmonised. In June 2002 was it decided that all listedcompanies, insurance companies and banks have to implement a common accounting system throughout theEuropean Union (EU). This will ease the comparison of the financial statements between companies in differentcountries and branches. Consequently will the investor’s decision-making be facilitated. Even though, allconcerned parties have known about the implementation for some time, some problems concerning thetimeframe will appear. Another problem is that the actual date for the implantation is 1st January 2004 as aone-year comparison statement is needed. As IASB still is reviewing and changing existing standards will theusers have problems knowing what standards to apply. There are also some standards that still not have beenput into force. Aim of study: To elucidate what accounting system, IAS or Swedish GAAP, that gives the mosttrue and fair view of the companies financial statements. The accounting systems view on the concept true andfair will also be investigated. Delimitations: The study is only focusing on the Swedish market and is notconcentrating on any specific branches. Methodology: Interviews with four IAS-experts at the four majorauditing firms in Sweden have been carried out. These interviews have been a support and complementaryinformation for the literature, journals and Internet sites that have been covered in the literature review. Theempirical findings have then been analysed in relation to the literature review. Results and conclusion: We havereached a conclusion that the interpretation of true and fair view is very individual. Hence, is it rather difficultto say which system that gives the most true and fair view. As Sweden accepts IAS as a new accounting system itcould be argued that it is not poorer that Swedish GAAP. It will also become easier to compare Swedishcompanies with other companies within the EU. This is seen to contribute that more investors will look at thefinancial market in EU. In a couple of years would we probably have reached another result as IAS then alreadywould have been implemented. Further studies: A study could also be carried out after the implementation hastaken place. At this time interviews could be made with both auditors’ and companies’ in order to reach anunderstanding of what system that has the most true and fair