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International Financial Reporting Standard (Ifrs) Will Support Managemnet Accounting System For Small And Medium Entreprise (Sme)?"

Author

Listed:
  • Sorin Briciu

    (University 1 Decembrie 1918 Alba Iulia)

  • Constantin Groza

    (University 1 December 1918 Alba Iulia)

  • Ioan Ganfalean

    (University 1 December 1918 Alba Iulia)

Abstract

The problem of reporting financial data useful for readers in most of the countries andlanguages is receiving considerable attention with the implementation of the new financialreporting standards in the United States, Canada, Australia, Europe and Japan. The theoreticalmodel of the new standard forms that would be produced in a particular country and especially forpublic and world companies will expedite the search and analyses of usefulness of this reporting.The characteristic formulation of IFRS is implemented to obtain a common language in reportingfinancial data, capable to be interpreted by readers in the same meaning. There are a lot ofinterferences, convergences and divergences between accounting and financial reporting that stillshould be resolved for SMEs. Using a comparative method between management accounting in twocountries, Canada and Romania, it will be enable to show how IFRS can solve some of thosedifferences.

Suggested Citation

  • Sorin Briciu & Constantin Groza & Ioan Ganfalean, 2009. "International Financial Reporting Standard (Ifrs) Will Support Managemnet Accounting System For Small And Medium Entreprise (Sme)?"," Annales Universitatis Apulensis Series Oeconomica, Faculty of Sciences, "1 Decembrie 1918" University, Alba Iulia, vol. 1(11), pages 1-32.
  • Handle: RePEc:alu:journl:v:1:y:2009:i:11:p:32
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    File URL: http://oeconomica.uab.ro/upload/lucrari/1120091/32.pdf
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    Citations

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    Cited by:

    1. Luminita Rus & Mariana Farcas, 2011. "The Composition And Structure Of Financial Reporting - Similarities And Differences In The Case Of Air Transport Companies," Annales Universitatis Apulensis Series Oeconomica, Faculty of Sciences, "1 Decembrie 1918" University, Alba Iulia, vol. 2(13), pages 1-13.
    2. Sorin Briciu & Constantin Groza & Alina Putan, 2012. "Small Business Development During The Crisis," Annales Universitatis Apulensis Series Oeconomica, Faculty of Sciences, "1 Decembrie 1918" University, Alba Iulia, vol. 2(14), pages 1-2.
    3. Florin Mihai & Constantin Groza & Aldescu (Iacob) Elena-Oana, 2011. "Using Web Technology To Improve The Accounting Of Small And Medium Enterprises. An Academic Approach To Implementation Of Ifrs," Annales Universitatis Apulensis Series Oeconomica, Faculty of Sciences, "1 Decembrie 1918" University, Alba Iulia, vol. 2(13), pages 1-11.

    More about this item

    Keywords

    IFRS ; Management Accounting. SWOT;

    JEL classification:

    • M - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics
    • M - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics

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