THE IMPACT OF THE NEW LEGISLATIVE PROVISIONS ON THE INFORMATIONAL ROLE
OF ANNUAL FINANCIAL STATEMENTS Cover Image

THE IMPACT OF THE NEW LEGISLATIVE PROVISIONS ON THE INFORMATIONAL ROLE OF ANNUAL FINANCIAL STATEMENTS
THE IMPACT OF THE NEW LEGISLATIVE PROVISIONS ON THE INFORMATIONAL ROLE OF ANNUAL FINANCIAL STATEMENTS

Author(s): Nătălița-Mihaela Lesconi-Frumușanu, Andreea-Mihaela Marin
Subject(s): Economic policy, Evaluation research, Law on Economics
Published by: Editura Eurostampa
Keywords: annual financial statements; legislation; economic entities; financial position; performance;

Summary/Abstract: In this paper we want to capture the effect that the new legislative provisions had on the structure of annual financial statements, not only on the form, but especially on accounting information that can be drawn from them, focusing on the way in which these new laws lead to the improvement of the quality and comparability of accounting information contained in the financial statements. Based on OMPF 1802/2014 it was achieved at a national level a unity of legislative provisions on annual financial statements, and also they have been harmonized with the provisions of Directive 2013/34/EU, through which they attempted to reduce the administrative burden, especially for small businesses, not only to increase the relevance and understand ability of financial reporting requirements but also to protect the information needs of different categories of users of financial statements.

  • Issue Year: XXI/2015
  • Issue No: 21
  • Page Range: 191-199
  • Page Count: 9
  • Language: English