Title: THE APPLICATION OF INTERNATIONAL FINANCIAL REPORTING STANDARDS IN ROMANIA: ADVANTAGES AND MAIN PROBLEMS
Abstract:This work is meant to analyze the implementation of International Financial Reporting Standards in Romania. The work tries to focus on the benefits and challenges of International Financial Reporting ...This work is meant to analyze the implementation of International Financial Reporting Standards in Romania. The work tries to focus on the benefits and challenges of International Financial Reporting Standards, mainly on factors pertaining to its adoption connections, statistics and other types of analyses were used in order to show the importance that International Financial Reporting Standards adoption could represent for a large number of stakeholders. The most important features of International Financial Reporting Standards implementation are the costs, which seem to be rather high, the missing of instructions for the adoption, and its complex characteristics. The adoption of International Financial Reporting Standards in Romania are strongly influenced by the stock market, the dimensions of companies and educational degree. The results of this study recommend that the government should start a program to support the International Financial Reporting Standards application.Read More
Publication Year: 2015
Publication Date: 2015-01-01
Language: en
Type: article
Access and Citation
AI Researcher Chatbot
Get quick answers to your questions about the article from our AI researcher chatbot