Comparative Study Romania-Italy Concerning the Implementation of IAS/IFRS

6 Pages Posted: 12 Jan 2009

See all articles by Dorel Mates

Dorel Mates

affiliation not provided to SSRN

Veronica Grosu

affiliation not provided to SSRN

Date Written: January 9, 2009

Abstract

Since 1 January 2005 European listed companies have to start using new International Accounting Standards (IAS/IFRS). It is an important chance for studying the relationship between accounting information's and financial markets. Since quality, transparency and comparability of financial information's reported by companies affect the informational and a locative efficiency of capital market, European Union has carried out a global accounting harmonization process that has been achieved by setting common accounting standards (IAS/IFRS). The basic idea of this harmonization process is to improve the relevant characteristics of information's made available by the firms. Although we think this accounting harmonization process is important and it can be the right way to improve informational efficiency of financial markets, we think it is necessary to further investigate some crucial topics.

Keywords: international accounting standards, financial statements, earning quality, fair value

JEL Classification: M41

Suggested Citation

Mates, Dorel and Grosu, Veronica, Comparative Study Romania-Italy Concerning the Implementation of IAS/IFRS (January 9, 2009). Available at SSRN: https://ssrn.com/abstract=1325370 or http://dx.doi.org/10.2139/ssrn.1325370

Dorel Mates

affiliation not provided to SSRN ( email )

Veronica Grosu (Contact Author)

affiliation not provided to SSRN ( email )