IDEAS home Printed from https://ideas.repec.org/a/blg/journl/v14y2019i1p17-33.html
   My bibliography  Save this article

Critical Analysis On The Amendments Discussed, Concerning Changes In Accounting Estimates

Author

Listed:
  • BURCĂ Valentin

    (“Aurel Vlaicu” University of Arad, Romania)

  • NICOLĂESCU Cristina

    (“Aurel Vlaicu” University of Arad, Romania)

  • DRĂGUȚ Daniel

    (West University of Timișoara, Romania)

Abstract

In this article, our main aim is to bring in discussion some of the most controversial points debated along the time on the use of the accounting estimates in financial reporting. More important, we have referred to the Exposure Draft recently closed for comment letters, which addressed some points that will follow to be transformed into several amendments to IAS 8. Our discussion is focused, especially on how professionals can make a clear distinction between changes in accounting estimates and changes in accounting policies. We try to underline the trinomial perspective of this subject, as the changes in accounting estimates impact, not only the financial statements, but can generate issues on auditing those estimates, or on using financial information output on the entity valuation models. Additionally, we try to emphasize the essential role of this distinction between changes in accounting estimates and changes in accounting policies.

Suggested Citation

  • BURCĂ Valentin & NICOLĂESCU Cristina & DRĂGUȚ Daniel, 2019. "Critical Analysis On The Amendments Discussed, Concerning Changes In Accounting Estimates," Studies in Business and Economics, Lucian Blaga University of Sibiu, Faculty of Economic Sciences, vol. 14(1), pages 17-33, April.
    • Handle: RePEc:blg:journl:v:14:y:2019:i:1:p:17-33
    as

    Download full text from publisher

    File URL: http://eccsf.ulbsibiu.ro/RePEc/blg/journl/14102burca.pdf
    Download Restriction: no
    ---><---

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:blg:journl:v:14:y:2019:i:1:p:17-33. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Mihaela Herciu (email available below). General contact details of provider: https://edirc.repec.org/data/feulbro.html .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.