Analysis of the Impact of Adopting the IFRS by the Companies Listed on BVB

Starting with the financial year 2012, the companies in Romania whose securities are admitted to trading on a regulated market are required to apply International Financial Reporting Standards (IFRS) on individual annual financial statements. The purpose of the present paper is to elaborate an objec...

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Bibliographic Details
Published in:Procedia economics and finance 2015, Vol.20, p.259-267
Main Authors: Georgescu, Iuliana Eugenia, Toma, Loredana Huţanu căs., Afrăsinei, Mihai-Bogdan
Format: Article
Language:English
Subjects:
accounting politics
annual financial statements
IFRS
national accounting regulations
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Summary:Starting with the financial year 2012, the companies in Romania whose securities are admitted to trading on a regulated market are required to apply International Financial Reporting Standards (IFRS) on individual annual financial statements. The purpose of the present paper is to elaborate an objective opinion regarding the impact on the companies listed on Bucharest Stock Exchange (BVB) when applying IFRS. In order to achieve this, we made a comparison between the indicators from the financial statements reported according to the national regulations and the indicators reported according IFRS by taking into consideration the results from the financial year 2011. The analysis was conducted on a sample of 39 companies listed on BVB that are part of the manufacturing sector. The data was analyzed by using the statistical software SPSS.
ISSN:2212-5671
2212-5671
DOI:10.1016/S2212-5671(15)00073-8