TITLE

Applying IFRS in Romanian Banking System - Limitations and Challenge

AUTHOR(S)
Ramona-Ionela, Tofănică; Emil, Horomnea
PUB. DATE
June 2012
SOURCE
Ovidius University Annals, Series Economic Sciences;2012, Vol. 12 Issue 2, p1385
SOURCE TYPE
Academic Journal
DOC. TYPE
Article
ABSTRACT
This paper makes an overview of the literature regarding IFRS application, both globally and in our country, expressing some personal considerations on key financial and accounting domains, which present the biggest challenges in terms of impact on the banks financial situation.
ACCESSION #
89441807

 

Related Articles

  • Ensuring the "True and Fair View Principle" of Banks' Financial Statements after the Introduction of the Application of IFRS: The Case of Greece. Rogdaki, Eleni; Koutoupis, Andreas G.; Rodosthenous, Maria // European Research Studies;2011, Vol. 14 Issue 3, p19 

    In a highly volatile economic environment, like the one we are facing nowadays, there is a need, increasing day by day, for adequate and reliable information from companies of all economic sectors, in a way that everyone would be able to extract the maximum true and fair conclusions. However,...

  • BANKS QUESTION TIMING FOR IFRS 9 REVISION.  // Accountancy;Feb2013, Vol. 150 Issue 1434, p58 

    The article discusses a survey of 70 international banks conducted by accounting firm Deloitte that found many doubt an IFRS (International Financial Reporting Standards) accounting standard can be issued before the mandatory effective date of January 1, 2015.

  • BANKING LEVIES AND PUT OPTIONS. CAIRNS, DAVID // Accountancy;Jul2012, Vol. 149 Issue 1427, p56 

    The article discusses proposals by the International Financial Reporting Standards Interpretation Committee (IFRIC) for standards for levies assessed by public authorities against entities such as banks and put options for non-controlling interests.

  • Role of Accounting in Maintaining Concept of National Economy Steady Development. KHORUZHIY, L. I. // Accounting & Finance / Oblik i Finansi;2013, Issue 61, p57 

    The article covers the issues of possibility of accounting and its constituents in solution the problems of steady growth of national economy of the Russian Federation. These opportunities are implemented through the principal accounting intellectual resource of post industrial society, namely,...

  • The Challenges for Establishing the Convergence of Accounting Reporting Among Different Countries. QUINN Jr., Edwin // International Journal of Academic Research in Accounting, Financ;Apr2014, Vol. 4 Issue 2, p144 

    The purpose of this study is to exam the challenges for establishing the convergence of accounting reporting among different countries. The role and efforts by the International Financial Reporting Standards (IFRS), the Generally Accepted Accounting Principles (GAAP), and Financial Accounting...

  • Fair Value Accounting versus Historical Cost Accounting - the Impact on Financial Statement Presentation. Cristin, Nicolae Traian; Mitică, Pepi // Ovidius University Annals, Series Economic Sciences;2013, Vol. 13 Issue 1, p1399 

    The financial scandals of recent years have further strengthened the hands of the proponents of fair value accounting. By shining a bright light into dark corners of a firm's accounts, fair value accounting precludes the dubious practices of managers in hiding the consequences of their actions...

  • New accountancy rules 'may hit lending and raise mortgage costs'. Thomas, Paul // Mortgage Strategy (Online Edition);7/29/2015, p8 

    The article discusses the potential impact of accountancy rules known as the International Financial Reporting Standard 9 (IFRS9) issued by the International Accounting Standards Board to change the way banks handle bad debts. Topics covered include the possible effects of the rules on lending...

  • PARADYGMATY WSPÓŁCZESNEJ RACHUNKOWOÅšCI A CONTROLLING. Kwiecień, Mirosława // Research Papers of the Wroclaw University of Economics / Prace N;2013, Issue 291, p331 

    Changing economic conditions resulting from globalization influenced the change of accounting paradigms. The contemporary accounting paradigms are driven by changes of legal regulations, IFRS in particular. It has determined the significance of informative and control function of accounting and...

  • Does Mandatory IFRS Adoption Affect Crash Risk? DeFond, Mark L.; Mingyi Hung; Siqi Li; Yinghua Li // Accounting Review;Jan2015, Vol. 90 Issue 1, p265 

    We test whether mandatory IFRS adoption affects firm-level ''crash risk,'' defined as the frequency of extreme negative stock returns. We separately analyze nonfinancial firms and financial firms because IFRS is likely to affect their crash risk differently. We find that IFRS adoption decreases...

Share

Read the Article

Courtesy of VIRGINIA BEACH PUBLIC LIBRARY AND SYSTEM

Sorry, but this item is not currently available from your library.

Try another library?
Sign out of this library

Other Topics