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Transparency of Accounting Information in Achieving Good Corporate Governance. True View and Fair Value

Author

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  • Mariana Man

    (University of Petrosani, Romania)

  • Maria Ciurea

    (University of Petrosani, Romania)

Abstract

One of the key factors affecting the efficient use of resources, the increase of shareholders confidence in the managers of the company, the success in achieving objectives and economic efficiency is the system of corporate governance by which a company is managed and controlled. We cannot talk about a culture of corporate governance without thinking of the criteria of transparency, of responsibility in ensuring the accuracy of data from financial reports. Transparency is a prerequisite of good communication between the company and the interested parties. This paper examines the concepts of true image and fair value as premises of transparency of the accounting information in order to accomplish good corporate governance.

Suggested Citation

  • Mariana Man & Maria Ciurea, 2016. "Transparency of Accounting Information in Achieving Good Corporate Governance. True View and Fair Value," Social Sciences and Education Research Review, Department of Communication, Journalism and Education Sciences, University of Craiova, vol. 3(1), pages 41-62, May.
    • Handle: RePEc:edt:jsserr:v:3:y:2016:i:1:p:41-62
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    References listed on IDEAS

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    Citations

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    Cited by:

    1. Maria-Madalina Bogeanu-Popa, 2019. "Will Romania’S Strategy Of Development Affect The Integration Of The Sustainable Development In The Accounting Of Romanian Entities?," Oradea Journal of Business and Economics, University of Oradea, Faculty of Economics, vol. 4(Special), pages 80-89, May.
    2. Ciurea Maria & Man Mariana, 2018. "The Possibility of Developing an Appropriate Framework for Reflecting Information and Making Decisions on the Human Capital," Ovidius University Annals, Economic Sciences Series, Ovidius University of Constantza, Faculty of Economic Sciences, vol. 0(2), pages 234-239, December.
    3. Mariana Man & Maria Ciurea, 2016. "Elements of Corporate Governance Implementation in Romania, in the European Context," Annals of the University of Petrosani, Economics, University of Petrosani, Romania, vol. 16(1), pages 151-166.
    4. Ilie Rascolean & Ileana-Sorina (Boca) Rakos, 2016. "Evolution Of The Local Budget Revenues And Expenses. Case Study: Orastie Town Hall, Hunedoara County," Annals - Economy Series, Constantin Brancusi University, Faculty of Economics, vol. 1, pages 25-37, December.
    5. ION Elena Iuliana & MAN Mariana, 2017. "Assessment Of The Company'S Performance In Terms Of Gains And Losses From Revaluation Of Fixed Assets Recorded In Equity," Revista Economica, Lucian Blaga University of Sibiu, Faculty of Economic Sciences, vol. 69(2), pages 98-108, August.
    6. Ciurea Maria, 2018. "The Costs of the Professional Training at the Level of the Economic Entities: Long-Term Investment or Expense?," Ovidius University Annals, Economic Sciences Series, Ovidius University of Constantza, Faculty of Economic Sciences, vol. 0(2), pages 228-233, December.
    7. Carmen-Florentina Paunescu, 2019. "Social Accounting - Source Of Relevant Information In Assessing The Social Responsibility Of The Organization," Oradea Journal of Business and Economics, University of Oradea, Faculty of Economics, vol. 4(Special), pages 52-59, May.
    8. Eleonora Cardillo & Maria Cristina Longo, 2020. "Managerial Reporting Tools for Social Sustainability: Insights from a Local Government Experience," Sustainability, MDPI, vol. 12(9), pages 1-23, May.
    9. Maria Ciurea, 2018. "Considerations on the Need to Implement International Accounting Standards for the Public Sector in Romania," Annals of the University of Petrosani, Economics, University of Petrosani, Romania, vol. 18(1), pages 35-44.
    10. Maria Mădălina Bogeanu Popa & Mariana Man, 2019. "The Impact Of The Sustainable Development’S Exigencies On The Non-Financial Reports To The Economic Entities In The Banking System," Annals of University of Craiova - Economic Sciences Series, University of Craiova, Faculty of Economics and Business Administration, vol. 2(47), pages 53-64, December.
    11. Rascolean Ilie & Rakos Ileana-Sorina, 2017. "Cost Budgeting With The Romanian Bakery Units," Annals - Economy Series, Constantin Brancusi University, Faculty of Economics, vol. 1, pages 87-95, December.
    12. Mariana MAN & Bogdan RAVA?, 2017. "Implementation Of Management Accounting Tools – Solution To Enhance The Performance Of Public Capital Companies In Difficulty. Case Study: Romanian Television Company," Internal Auditing and Risk Management, Athenaeum University of Bucharest, vol. 45(1), pages 1-15, March.

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    More about this item

    Keywords

    accounting information; transparency; true view; fair value; corporate governance;
    All these keywords.

    JEL classification:

    • M41 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Accounting - - - Accounting
    • M14 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Business Administration - - - Corporate Culture; Diversity; Social Responsibility

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