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Influence Of Financial Reporting Standard Apllication Upon The Outcomes Of Credit Institutions



    () (“Constantin Brâncoveanu” University, Romania)

  • Dorina, LUTA

    () (“Constantin Brâncoveanu” University, Romania)


Credit institutions in Romania include: banks, savings and loan banks in the housing field, credit unions and mortgage loan banks. Since 2012, to all these from the accounting perspective, the International Financial Reporting Standards have been applied. The present paper shall envisage the main causes that have led to major banks’ great losses in our country. On one hand, the causes are connected to the inefficiency of banks’ operation performance and on the other hand to the impact of the transition from national accounting norms applicable to credit institutions to the International Financial Reporting Standards. The differences between national and international norms refer to the assessment of financial instruments at depreciated costs using the actual interest rate, the assessment of financial instruments at their fair values and the adjustments due to hyperinflation, the assessment of value adjustments and provisions related to loans etc.

Suggested Citation

  • Sorin, GRIGORESCU & Dorina, LUTA, 2013. "Influence Of Financial Reporting Standard Apllication Upon The Outcomes Of Credit Institutions," Management Strategies Journal, Constantin Brancoveanu University, vol. 22(Special), pages 140-145.
  • Handle: RePEc:brc:journl:v:23:y:2013:i:s:p:140-145

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    References listed on IDEAS

    1. Nikolay Nenovsky & S. Statev, 2006. "Introduction," Post-Print halshs-00260898, HAL.
    2. M. Ruth & K. Donaghy & P. Kirshen, 2006. "Introduction," Chapters,in: Regional Climate Change and Variability, chapter 1 Edward Elgar Publishing.
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    More about this item


    provisions; impairment adjustments; prudential filters; accounting standards;

    JEL classification:

    • G21 - Financial Economics - - Financial Institutions and Services - - - Banks; Other Depository Institutions; Micro Finance Institutions; Mortgages


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