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Comparative Study Regarding Financial Communication by Means of Annual Financial Statements – IASB/FASB

Author

Listed:
  • Guni Claudia Nicoleta

    (“Spiru Haret” University, Constanta)

  • Munteanu Victor

    (”Dimitrie Cantemir” University, Bucharest)

Abstract

The accounting information offer is influenced, on the one side, by external factors and their pressure on the accounting system, and on the other side by the way in which the accounting information is regulated and developed. According to economic theory, the demand for accounting information arises from the informational asymmetry and from the way the conflicts between the company's management and external investors are dealt with. The financial statements and the financial reports are among the most important means available provided for the company's management to allow them to communicate with the investors.

Suggested Citation

  • Guni Claudia Nicoleta & Munteanu Victor, 2014. "Comparative Study Regarding Financial Communication by Means of Annual Financial Statements – IASB/FASB," Ovidius University Annals, Economic Sciences Series, Ovidius University of Constantza, Faculty of Economic Sciences, vol. 0(1), pages 617-621, May.
    • Handle: RePEc:ovi:oviste:v:xiv:y:2014:i:1:p:617-621
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    More about this item

    Keywords

    accrual accounting; continuity of exploitation; objective of financial statements; profit and loss account;
    All these keywords.

    JEL classification:

    • G3 - Financial Economics - - Corporate Finance and Governance
    • G32 - Financial Economics - - Corporate Finance and Governance - - - Financing Policy; Financial Risk and Risk Management; Capital and Ownership Structure; Value of Firms; Goodwill
    • G34 - Financial Economics - - Corporate Finance and Governance - - - Mergers; Acquisitions; Restructuring; Corporate Governance

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