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Conservative Accounting Practices Used by Companies Listed on Stock Exchanges in Romania

Author

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  • Ema MASCA

    (Petru Maior” University, Tîrgu Mures, Nicolae Iorga,no.1, Tîrgu Mures, 540088, Romania)

Abstract

Academic research shows that financial activity implies accounting conservatism and practical studies prove that regardless of the position of the International Accounting Standards Board (IASB) and academic theories, professional accountants manifest accounting conservatism at the preparation of financial reports. Our study has taken into account the use of adjustments for impairment of assets - a conservative practice, by companies listed on the stock exchanges in Romania. We have found that sustainable companies use this conservative practice in a greater extent than others, so sustainable companies are interested in conservatism more than others. We also have found that professional accountants use revaluation of tangible assets when necessary.

Suggested Citation

  • Ema MASCA, 2015. "Conservative Accounting Practices Used by Companies Listed on Stock Exchanges in Romania," STUDIA UNIVERSITATIS PETRU MAIOR SERIES OECONOMICA, Petru Maior University, Faculty of Economics Law and Administrative Sciences, vol. 1, pages 79-108, December.
    • Handle: RePEc:pmu:oecono:v:1:y:2015:p:79-108
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    File URL: http://www.upm.ro/facultati_departamente/ea/RePEc/oeconomica/2015/oeconomica1501_5.pdf
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    Citations

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    Cited by:

    1. Irina-Doina Pășcan & Andreea Chindriș, 2020. "Reporting Lease Contracts According to IFRS 16: Case of Romanian Entities," Ovidius University Annals, Economic Sciences Series, Ovidius University of Constantza, Faculty of Economic Sciences, vol. 0(2), pages 1031-1038, December.

    More about this item

    Keywords

    accounting conservatism; IFRS; Romania; Europe; accounting practices.;
    All these keywords.

    JEL classification:

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

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