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Impact Of Ifrs Transition On Firm-Valuation, An Accruals Analysis On Bse Companies


  • Ph.D, Student Valentin Burca

    (West University of Timisoara Faculty of Economics and Business Administration, Timisoara, Romania)

  • Ph.D, Professor Mariana Nagy

    (,,Aurel Vlaicu’’ University Faculty of Exact Sciences, Arad, Romania)


Financial reporting environment has registered an enormous number of changes in the last decade. In international financial actors attention was confirmed the preoccupation toward a global harmonization of national accounting regulations. Around IASB efforts, along a significant time frame, there has been recorded a great success with the actual international accounting convergence process. But, there is still progress to achieve, especially regarding statutory financial reporting, where political, economic, financial, and cultural factors persist to make pressure in the process of accounting normalization. This study represents an empirical analysis of the accruals recorder by companies listed on BSE before and after the implementation of IFRS on preparing annual financial reports. It, also, tries to underline several determinants of the accruals quality and relate to the financial information usefulness in firm valuation. Overall, the conclusion is that there are no significant differences before and after IFRS implementation regarding the connection between cash flow and accruals level.

Suggested Citation

  • Ph.D, Student Valentin Burca & Ph.D, Professor Mariana Nagy, 2013. "Impact Of Ifrs Transition On Firm-Valuation, An Accruals Analysis On Bse Companies," Revista Tinerilor Economisti (The Young Economists Journal), University of Craiova, Faculty of Economics and Business Administration, vol. 1(21), pages 26-45, NOVEMBER.
  • Handle: RePEc:aio:rteyej:v:1:y:2013:i:21:p:26-45

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    Cited by:

    1. Drobyshevsky Sergey & Trunin Pavel & Knobel Alexandr, 2006. "Some Approaches to the Development of the System of Indicators for Monitoring the Financial Stability," Research Paper Series, Gaidar Institute for Economic Policy, issue 103P.

    More about this item


    IFRS; accrual-accounting model; firm-valuation model; DCF.; regression.;

    JEL classification:

    • M40 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Accounting - - - General
    • M41 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Accounting - - - Accounting
    • G33 - Financial Economics - - Corporate Finance and Governance - - - Bankruptcy; Liquidation


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