Balance Sheet - Expression of Financial Condition and Communication at International Level

9 Pages Posted: 12 Jan 2009

See all articles by Dorel Mates

Dorel Mates

affiliation not provided to SSRN

Elena Hlaciuc

affiliation not provided to SSRN

Veronica Grosu

affiliation not provided to SSRN

Marian Socoliuc

affiliation not provided to SSRN

Eugenia Iancu

affiliation not provided to SSRN

Chirita Irina

affiliation not provided to SSRN

Date Written: January 9, 2009

Abstract

The balance sheet represents the main source of economic-financial information, a communication instrument used by economic entities in order to communicate with the outer-sphere, a document that allows us to see the entity's functioning capacity, in a dynamic balanced condition. The balance sheet's international matching process is displayed through a convergence towards international accounting standards, and IAS/IFRS financial reporting issued by IASB. In such optics, the balance sheet conveys a high informational potentiality, the main acquaintanceship of patrimonial reality, with a high communicational opening, but also an important way to notify the shown valuing. A right economic-financial communication, which concedes the credibility of papered data, and yielding the possibility of confronting those, a higher transparency of the balance sheet, next to an archer conciseness of economical strategy, has the role of improving the entity's relations with supply institutions, and to increase its own value. The IAS/IFRS balance sheet can improve the entity's image, and can reproduce the public comprehensible data at international standards.

Keywords: international accounting standards, financial statements, earning quality,economic-financial communication

JEL Classification: M41

Suggested Citation

Mates, Dorel and Hlaciuc, Elena and Grosu, Veronica and Socoliuc, Marian and Iancu, Eugenia and Irina, Chirita, Balance Sheet - Expression of Financial Condition and Communication at International Level (January 9, 2009). Available at SSRN: https://ssrn.com/abstract=1325384 or http://dx.doi.org/10.2139/ssrn.1325384

Dorel Mates (Contact Author)

affiliation not provided to SSRN ( email )

Elena Hlaciuc

affiliation not provided to SSRN

Veronica Grosu

affiliation not provided to SSRN ( email )

Marian Socoliuc

affiliation not provided to SSRN

Eugenia Iancu

affiliation not provided to SSRN

Chirita Irina

affiliation not provided to SSRN

Register to save articles to
your library

Register

Paper statistics

Downloads
174
Abstract Views
1,967
rank
170,172
PlumX Metrics