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The Persistence of the Accounting Policies After the Transition to IFRS of the Romanian Listed Companies

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  • Costel Istrate

    (Alexandru Ioan Cuza University of Iasi, Romania)

Abstract

The study aims to analyse the accounting policies chosen by Romanian listed companies during the mandatory transition to IFRS in their individual accounts (starting with 2012). Following particularly Kvaal and Nobes (2010), we propose the general hypothesis of a continuation of the main accounting policies already in use in the Romanian national accounting, to the extent that they are compliant with IFRS. The data collected for about 80 firms allow us to conclude that this general assumption is widely confirmed. The items analysed relate to the statement of financial position (format and some other elements), the income statement (several items), the cash flow statement (operating cash flow, dividends and interests), fixed assets (measurement after recognition of PPE, intangibles and investment properties), cost formulas for inventories, dimensions of the financial statements.

Suggested Citation

  • Costel Istrate, 2015. "The Persistence of the Accounting Policies After the Transition to IFRS of the Romanian Listed Companies," Journal of Accounting and Management Information Systems, Faculty of Accounting and Management Information Systems, The Bucharest University of Economic Studies, vol. 14(4), pages 599-626, December.
    • Handle: RePEc:ami:journl:v:14:y:2015:i:4:p:599-626
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    Citations

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    Cited by:

    1. Maria Carmen Huian & Marilena Mironiuc & Mihaela Chiriac, 2018. "Study on the association between earnings management and value relevance based on the reporting method used for operating cash flows," The Audit Financiar journal, Chamber of Financial Auditors of Romania, vol. 16(149), pages 101-101, February.
    2. Mirela PAUNESCU, 2018. "Exploratory study on accounting and taxation of virtual currencies by Romanian companies," The Audit Financiar journal, Chamber of Financial Auditors of Romania, vol. 16(150), pages 239-239.

    More about this item

    Keywords

    IFRS; accounting differences; accounting choices; continuation of accounting policies;
    All these keywords.

    JEL classification:

    • M41 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Accounting - - - Accounting

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