Conceptual Approaches Regarding the Financial Statements

6 Pages Posted: 12 Jan 2009  

Ionel Bostan

Stefan cel Mare University

Veronica Grosu

affiliation not provided to SSRN

Marian Socoliuc

affiliation not provided to SSRN

Date Written: January 9, 2009

Abstract

The final product of the accountancy activity is materialized in the financial standings. Through these, all the transactions from the economical-financial activity of the company or entity are classified and synthesized in the view of the American organism of standardization.

These type of flows show the capacity of the company to pay dividends, and interests, which, in exchange, influence the market value of actions and obligations issued. Thus, the American organism of standardization recognizes the primate of monetary flows before the result type information that are the consequences of applying a accruals basis of accountancy; supplying an information relative to the economical resources of the company, the obligations towards the creditors and owners, as well as the effects of the transactions or the events that put their fingerprint on the resources and the right regarding resources.

Keywords: financial statements, IAS/IFRS, financial market

JEL Classification: M41

Suggested Citation

Bostan, Ionel and Grosu, Veronica and Socoliuc, Marian, Conceptual Approaches Regarding the Financial Statements (January 9, 2009). Available at SSRN: https://ssrn.com/abstract=1325402 or http://dx.doi.org/10.2139/ssrn.1325402

Ionel Bostan

Stefan cel Mare University ( email )

University Street, No.13
Suceava, Suceava
Romania

Veronica Grosu (Contact Author)

affiliation not provided to SSRN ( email )

Marian Socoliuc

affiliation not provided to SSRN

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