Three Types of Accounting Policies Reflected in Financial Statements. Case Study for Romania
The objective of financial statements is to give a true and fair view of financial position and of the performance, a true and fair view which will be useful for a wide range of users to take economic decisions. Accounting policies choice involves setting options that generate the best financial a...
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| Format: | Article |
| Language: | English |
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Nicolae Titulescu University
2014-05-01
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| Series: | Global Economic Observer |
| Subjects: | |
| Online Access: | http://www.globeco.ro/wp-content/uploads/vol/split/vol_2_no_1/geo_2014_vol2_no1_art_020.pdf |
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| _version_ | 1849769910877552640 |
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| author | MARIANA GURĂU |
| author_facet | MARIANA GURĂU |
| author_sort | MARIANA GURĂU |
| collection | DOAJ |
| description | The objective of financial statements is to give a true and fair view of financial position and of the performance, a true and fair view which will be useful for a wide range of users to take economic
decisions. Accounting policies choice involves setting options that generate the best financial and accounting information. The best information must be in agreement with the most accurate image of
financial position, performance and changes in financial position and performance. The present paper intends to present three different accounting policies used for the same situations and the results of their implementation. Starting question is: which of the results are the true and fair view? |
| format | Article |
| id | doaj-art-7614bb65d61a4be9825ebd7680eba574 |
| institution | DOAJ |
| issn | 2343-9742 2343-9750 |
| language | English |
| publishDate | 2014-05-01 |
| publisher | Nicolae Titulescu University |
| record_format | Article |
| series | Global Economic Observer |
| spelling | doaj-art-7614bb65d61a4be9825ebd7680eba5742025-08-20T03:03:14ZengNicolae Titulescu UniversityGlobal Economic Observer2343-97422343-97502014-05-0121209221Three Types of Accounting Policies Reflected in Financial Statements. Case Study for RomaniaMARIANA GURĂU0Senior Lecturer, PhD, Faculty of Economics, Nicolae Titulescu University, Calea Vacaresti, Bucharest, ROMANIAThe objective of financial statements is to give a true and fair view of financial position and of the performance, a true and fair view which will be useful for a wide range of users to take economic decisions. Accounting policies choice involves setting options that generate the best financial and accounting information. The best information must be in agreement with the most accurate image of financial position, performance and changes in financial position and performance. The present paper intends to present three different accounting policies used for the same situations and the results of their implementation. Starting question is: which of the results are the true and fair view?http://www.globeco.ro/wp-content/uploads/vol/split/vol_2_no_1/geo_2014_vol2_no1_art_020.pdfaccounting policiestrue and fair viewdepreciationtaxationmaximize profitaggressive behaviourconservative behaviour |
| spellingShingle | MARIANA GURĂU Three Types of Accounting Policies Reflected in Financial Statements. Case Study for Romania Global Economic Observer accounting policies true and fair view depreciation taxation maximize profit aggressive behaviour conservative behaviour |
| title | Three Types of Accounting Policies Reflected in Financial Statements. Case Study for Romania |
| title_full | Three Types of Accounting Policies Reflected in Financial Statements. Case Study for Romania |
| title_fullStr | Three Types of Accounting Policies Reflected in Financial Statements. Case Study for Romania |
| title_full_unstemmed | Three Types of Accounting Policies Reflected in Financial Statements. Case Study for Romania |
| title_short | Three Types of Accounting Policies Reflected in Financial Statements. Case Study for Romania |
| title_sort | three types of accounting policies reflected in financial statements case study for romania |
| topic | accounting policies true and fair view depreciation taxation maximize profit aggressive behaviour conservative behaviour |
| url | http://www.globeco.ro/wp-content/uploads/vol/split/vol_2_no_1/geo_2014_vol2_no1_art_020.pdf |
| work_keys_str_mv | AT marianagurau threetypesofaccountingpoliciesreflectedinfinancialstatementscasestudyforromania |