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Annualy/yearly financial situations in european frame

Author

Listed:
  • Lucia PALIU-POPA
  • Petruta-Elena CUMPANASU

    (Constantin Brancusi University, Faculty of Economics, Romania)

Abstract

The primary objective of accounting is to provide information in order to ensure a fair, clear and full image of heritage, financial position and results of the entity, to all interested parties, ensuring "transparency" of accounting information to all the interested people. This objective can be achieved by periodic preparation of summary documents and accountin reporting, which over time have worn different names such as balance sheet, annual financial statements or annual accounts. Starting from this consideration, in this paper we proposed to approach in terms of theoretical importance, the role and principles of the annual financial statements with new accounting regulations in accordance with EU Directives.

Suggested Citation

  • Lucia PALIU-POPA & Petruta-Elena CUMPANASU, 2010. "Annualy/yearly financial situations in european frame," Annals - Economy Series, Constantin Brancusi University, Faculty of Economics, vol. 1, pages 53-66, April.
  • Handle: RePEc:cbu:jrnlec:y:2010:v:1:p:53-66
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    References listed on IDEAS

    as
    1. Antonescu, Mihai & Antonescu, Ligia, 2008. "The Submission of Fiscal Declarations by Electronic Means of Transmission at Distance," MPRA Paper 10880, University Library of Munich, Germany.
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    More about this item

    Keywords

    accounting reporting; annual financial statements; EU Directives;

    JEL classification:

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

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