IDEAS home Printed from https://ideas.repec.org/a/ath/journl/v64y2021i4p37-41.html
   My bibliography  Save this article

Financial Reporting In The Context Of The Application Of International Financial Reporting Standards

Author

Listed:
  • Anca Alexandra PANTAZI

    (Athenaeum University, Bucharest, Romania)

  • Emilia VASILE

    (Athenaeum University, Bucharest, Romania)

Abstract

With the help of IFRSs, any entity can present and prepare its financial statements on the same basis as any other entity in any state that applies IFRSs. Comparing financial data is much easier than applying different accounting standards. Extending the scope of IFRS seeks to standardize quality financial reporting around the World. Furthermore, the IASB argues that the development of International Financial Reporting Standards aims to ensure a unique set of high-quality accounting standards that help eliminate barriers that may arise for corporations wishing to access foreign capital markets and of investors looking for investment opportunities internationally.

Suggested Citation

  • Anca Alexandra PANTAZI & Emilia VASILE, 2021. "Financial Reporting In The Context Of The Application Of International Financial Reporting Standards," Internal Auditing and Risk Management, Athenaeum University of Bucharest, vol. 64(4), pages 37-41, December.
    • Handle: RePEc:ath:journl:v:64:y:2021:i:4:p:37-41
    as

    Download full text from publisher

    File URL: http://aimr.univath.ro/download/1264_01130.pdf
    Download Restriction: no
    File URL: http://aimr.univath.ro/en/article/FINANCIAL-REPORTING-IN-THE-CONTEXT-OF-THE-APPLICATION-OF-INTERNATIONAL-FINANCIAL-REPORTING-STANDARDS~1264.html
    Download Restriction: no
    ---><---

    More about this item

    Keywords

    accounting; financial reporting; accounting standards; performance; standardization;
    All these keywords.

    JEL classification:

    • G10 - Financial Economics - - General Financial Markets - - - General (includes Measurement and Data)

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:ath:journl:v:64:y:2021:i:4:p:37-41. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Cosmin Catalin Olteanu and Emilia Vasile (email available below). General contact details of provider: https://edirc.repec.org/data/feathro.html .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.