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Preparation of Financial Statements for Sme’s in Romania. Interest for Cash-Flow Statement


  • Nicoleta FARCANE

    (West University, Timișoara)

  • Sorinel CĂPUŞNEANU

    (“Artifex University”, Bucharest)

  • Sorin BRICIU

    (“1 Decembrie 1918” University, Alba Iulia)


The purpose of this article is to obtain feedback about the transition to IFRS standards and their implementation in the context of small and medium-sized enterprises in Romania in terms of the cashflow situation. Research methodology is based on a quantitative survey carried out in order to verify the importance and usefulness of perception on the cash-flow statement. The investigation based on testing four hypotheses has been carried out within the framework of small and medium-sized enterprises in Western Romania and the categories of respondents to the study were: upper management and accounting specialists. The results highlight the fact that there are differences between the categories of users of the cash-flow statements, fact highlighted and illustrated by our findings. The article ends with the conclusions of the authors regarding the importance and usefulness of the use and implementation of the cash-flow statement of the small and medium enterprises in Western Romania.

Suggested Citation

  • Nicoleta FARCANE & Sorinel CĂPUŞNEANU & Sorin BRICIU, 2012. "Preparation of Financial Statements for Sme’s in Romania. Interest for Cash-Flow Statement," Theoretical and Applied Economics, Asociatia Generala a Economistilor din Romania - AGER, vol. 0(5(570)), pages 77-92, May.
  • Handle: RePEc:agr:journl:v:5(570):y:2012:i:5(570):p:77-92

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    financial statement; reporting; cash flow; SME; IFRS.;


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