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New Issues Regarding Financial Analisys Of Romanian Economic Entities While Adopting Ifrs

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  • Larissa Bătrâncea

Abstract

The objective of financial statements according to IFRS is that of providing useful information for enabling users' economic decisions making. However, the financial statements corresponding to IFRS do not include all the information that a certain user might require in order to hold all the above-mentioned attributes, since financial statements generally present the effects of past events and do not necessarily offer un-financial information. The financial statements corresponding to IFRS contain data on the past performance of an enterprise (its earnings and cash flows), as well as on the financial standing of that entity (assets and liabilities), which aren't useful in the evaluation of the future risks perspective. The financial analyst has to be able to use the financial statements together with other information, in order to reach valid, investment-related conclusions.

Suggested Citation

  • Larissa Bătrâncea, 2006. "New Issues Regarding Financial Analisys Of Romanian Economic Entities While Adopting Ifrs," Annales Universitatis Apulensis Series Oeconomica, Faculty of Sciences, "1 Decembrie 1918" University, Alba Iulia, vol. 2(8), pages 1-7.
    • Handle: RePEc:alu:journl:v:2:y:2006:i:8:p:7
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    File URL: http://oeconomica.uab.ro/upload/lucrari/820062/07.pdf
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    More about this item

    Keywords

    IFRS; financial statement; performance; financial standing;
    All these keywords.

    JEL classification:

    • G30 - Financial Economics - - Corporate Finance and Governance - - - General
    • G32 - Financial Economics - - Corporate Finance and Governance - - - Financing Policy; Financial Risk and Risk Management; Capital and Ownership Structure; Value of Firms; Goodwill

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