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ISSN: 2344 - 102X
ISSN-L: 2344 - 102X
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Article from Volume 12, Number 1, Year 2024| THE UTILITY OF ACCOUNTING POLICIES FOR FINANCIAL REPORTING | 
Download | | Author(s): Vilena Tiscenco, Galina Badicu | | DOI: 10.4316/EJAFB.2024.12107 | | Abstract: In an increasingly globalized and complex world, the efficient management of the activity of economic entities becomes a vital necessity for achieving success and competitiveness in the market. Accounting policies are a crucial aspect of this management, as they directly influence how financial information is presented, interpreted and used within organizations. To ensure efficient management of the activity, economic entities must adopt the appropriate accounting policies that correctly reflect their financial situation and performance. The refinement of these accounting policies becomes essential in the context of a continuously evolving economic environment and increasingly rigorous requirements of users of financial information. It has already been proven that the very presentation of business transactions can be done in completely different ways, leading to varied financial results. Having a considerable source of bibliographic sources and international normative acts, a qualitative analysis can be carried out regarding the utility of accounting policies for financial reporting. | | Keywords: Accounting Policies; Financial Position; Financial Results; Financial Statements; Users Of Financial Statements. | References:
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