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The concept of quality of financial accounting information and the relationship with IFRS standards: analysis of the situation of companies listed on BVB

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  • Dinu Elena Loredana

    (Universitatea Stefan cel Mare Suceava)

Abstract

In the accounting profession the quality of information is a very important aspect. The concept of information quality covers three stages: the representation of reality and quality, the formation of meaning and the transmission of information. The purpose of this paper is to analyze the relationship between the quality of financial- accounting information and the relationship between the introduction of IFRS in the modernization of the national and international economy. Based on an extensive literature review, we find that implementing IFRS has yielded favorable results in terms of increasing the transparency and relevance of the value of financial information. The research follows general and specific approaches regarding the increase of the quality of financial – accounting information.

Suggested Citation

  • Dinu Elena Loredana, 2022. "The concept of quality of financial accounting information and the relationship with IFRS standards: analysis of the situation of companies listed on BVB," Proceedings of the International Conference on Business Excellence, Sciendo, vol. 16(1), pages 1353-1367, August.
    • Handle: RePEc:vrs:poicbe:v:16:y:2022:i:1:p:1353-1367:n:19
    DOI: 10.2478/picbe-2022-0123
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    References listed on IDEAS

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    3. Kjell Magne Baksaas & Tonny Stenheim, 2019. "Proposal for improved financial statements under IFRS," Cogent Business & Management, Taylor & Francis Journals, vol. 6(1), pages 1642982-164, January.
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    7. Deborah Esi Gyanba Mbir & Otuo Serebour Agyemang & George Tackie & Mac Junior Abeka, 2020. "IFRS compliance, corporate governance and financial reporting quality of GSE-listed non-financial firms," Cogent Business & Management, Taylor & Francis Journals, vol. 7(1), pages 1759856-175, January.
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