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Content Of Financial Statements And Their Informative Valences For Stakeholders

Author

Listed:
  • MIRON Vasile Cristian Ioachim

    (“1 Decembrie 1918” University of Alba Iulia, Romania)

  • BURJA Vasile

    (“1 Decembrie 1918” University of Alba Iulia, Romania)

  • FOCSAN Eleonora Ionela

    (“1 Decembrie 1918” University of Alba Iulia, Romania)

Abstract

The qualitative characteristics of accounting information have a major importance in fundamenting stakeholders decisions in order to satisfy their interests. The financial statements, by their nature, provide synthetic information which shows the financial position and its modifications, the economic performance of the entity, the management of resources and other aspects that lead to rational decisions. Stakeholders interests are complex and sometimes divergent, that is why the content of the financial statements must be adapted in order to meet these interests. The present research analyzes how the information presented in the financial statements respond to the needs of the stakeholders. The analysis showed that there are some significant aspects for which the informational power of the financial statements is reduced. Also, using econometric processing, we have conceived a function that characterizes the correlation between the financial profitability of the entities activating in the energy sector and the profitability obtained in the stock exchange market. The conclusions of the research allowed us to propose some measures of improvement of the information from the financial statements, in order to create an adequate informational basis for the decisions of all the categories of stakeholders.

Suggested Citation

  • MIRON Vasile Cristian Ioachim & BURJA Vasile & FOCSAN Eleonora Ionela, 2015. "Content Of Financial Statements And Their Informative Valences For Stakeholders," Annals - Economy Series, Constantin Brancusi University, Faculty of Economics, vol. 0, pages 255-261, July.
    • Handle: RePEc:cbu:jrnlec:y:2015:v:special:p:255-261
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    References listed on IDEAS

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