Convergence Of National Regulations With Ifrs For Smes: Empirical Evidences In The Case Of Romania

Autor: Mădălina Maria Gîrbină, Cătălin Nicolae Albu, Nadia Albu
Jazyk: angličtina
Rok vydání: 2012
Předmět:
DOI: 10.5281/zenodo.1077923
Popis: The IFRS for Small and Medium-sized Entities (SMEs) was issued in July 2009 and currently regulators are considering various implementation strategies of this standard. Romania is a member of the European Union since 2007, thus accounting regulations were issued in order to ensure compliance with the European Accounting Directives. As the European Commission rejected recently the mandatory use of IFRS for SMEs, regulatory bodies from the Member States have to decide if the standard will affect or not the accounting practices of SMEs from their countries. Recently IASB invited stakeholders to discuss the revision of IFRS for SMEs. Empirical studies on the differences and similarities between national standards and IFRS for SMEs could inform decision makers on the actual level of convergence in different countries. The purpose of this paper is to provide empirical evidences on the convergence of the Romanian regulations with IFRS for SMEs analyzing the results in the context of the last revisions proposed to the EU Accounting Directives.
{"references":["C. Albu, N. Albu, and S. Fekete \"┬¿The context of the possible IFRS for\nSMEs implementation in Romania. An exploratory study \", Accounting\nand Management Information Systems, vol. 9, no. 1, 2010, pp. 45 -71.","C.N. Albu, N. Albu, S. Fekete, M.M. G├«rbinâ, J. Lukacs, G. Mohl, D.M.\nKovacs, J. Strouhal, L. Mullerova, M. Pasekova, A. Poroy-Arsoy, S.\nKardes Selimoglu, B. Sipahi, ÔÇ×An analysis of the suitability of the IFRS\nfor SMEs implementation in Romania, the Czech Republic, Turkey and\nHungary\", ACCA IAAER seed grant deliverable special section, 6th\nInternational Conference on Accounting and Management Information\nSystems, 8-9 June 2011, Bucharest, Romania","C.N. Albu, N. Albu, M.M. G├«rbinâ, C. Bonaci, R. Mustaţâ, \"Financial\nreporting in Romania\", in Strouhal, J. Harmonization of SMEs-Financial\nReporting in Emerging CEE Countries, Stevens Point: WSEAS Press,\n2011 pp. 217-262","N.Albu, M.M. G├«rbinâ, D.D. Cuzdrioreanu Vladu \"How close are\nRomanian regulations and the IFRS for SMEs? An in-depth analysis for\ninventories \", available online http://wbiconpro.com/106-Catalin.pdf","CECCAR Comparative study of the Romanian Accounting Regulations\n(OMFP 3055/2009) and the IFRS for SMEs, CECCAR Publishing\nHouse, 2010","Centre for Strategy and Evaluation Services ┬¿4th Company Law\nDirective and IFRS for SMEs, 2010 available on line\nhttp://ec.europa.eu/internal_market/accounting/docs/studies/2010_cses_\n4th_company_law_directve_en.pdf","A. Deaconu \"Standarde contabile pentru ├«ntreprinderi mici si mijlocii\"\n(Accounting standards for small and medium enterprises), Congresul al\nXVI-lea al Profesiei Contabile din Rom├ónia: Profesia contabilâ si\nglobalizarea: Bucuresti, 15-16 septembrie 2006, pp. 305-314","A.Deaconu, A.Grosanu, and St Cristea, \"A plea for SME specific\nEuropean standard. The case of \"omania\", Central European Conference\nin Regional Science - CERS, Novy Smokovec, Slovak Republic, 2007,\npp. 180-96.","A. Deaconu, I. Popa, A. Buiga, and M. F├╝löp, \"Impact analysis of future\naccounting regulation for SMEs in Europe\", Journal of International\nBusiness and Economics, vol. 8, no. 1, 2008, pp 128-46.\n[10] A. Deaconu, A., and P.van Geyt, \"Simplificâri europene ale contabilitâii\nIMM-urilor. Analizâ comparativâ Rom├ónia-Belgia\" (A European Level\nSimplification in the Accountancy of the SMEs. A Comparative\nAnalysis between Romania and Belgium)\", Contabilitatea, expertiza si\nauditul afacerilor, no1, 2009, pp. 12-17.\n[11] A.Deaconu, I. Popa, A. Buiga, A., and M. F├╝löp \"Conceptual and\ntechnical study regarding future accounting regulation of SMEs in\nEurope\", Theoretical and Applied Economics, no. 1 (January), 2009,\npp19-32.\n[12] G. Diggle, and C. Nobes \" European rule-making in the Seventh\nDirective as a case study\", Accounting and Business Research, vol 24,\nno 96, 1994, pp. 319-334.\n[13] Y.Ding, O.K, Hope, T. Jeanjean, and H. Stolowy \"Differences between\ndomestic accounting standards and IAS: measurement, determinants and\nimplications\", Journal of Accounting and Public Policy, vol. 26, no.\n1,2007, pp. 1-38.\n[14] EFRAG IFRS for SMEs and the Fourth and Seventh Council Directives\nCompatibility Issues , working paper available on line at\nhttp://www.efrag.org/files/EFRAG%20public%20letters/IFRS%20for%\n20SMEs%20compatibility%20analysis/The%20Working%20Paper.pdf\n[15] E.N. Emenyonu, and S.J. Gray, S. J. \"EC accounting harmonization, an\nempirical study of measurement practices in France, Germany and UK.\n\", Accounting and Business Research, vol 23, no.89, 1992, pp. 49-58.\n[16] European Commission \"Proposal for a Directive of the European\nParliament and of the Council on the annual financial statements,\nconsolidated financial statements and related reports of certain types of\nundertakings\", 2011, available on line at http://eurlex.\neuropa.eu/LexUriServ/LexUriServ.do?uri=COM:2011:0684:FIN:EN\n:PDF\n[17] European Commission \"Summary report of the responses received to the\ncommission-s consultation on the international financial reporting\nstandard for small and medium-sized entities\" 2010, available on line at:\nhttp://ec.europa.eu/internal_market/accounting/docs/ifrs/2010-05-\n31_ifrs_sme_ consultation_summary_en.pdf\n[18] L.Feleagâ, N, Feleagâ, and C. Vasile, \"The stakes in applying the\ninternational financial reporting standards (IFRS) within the small and\nmedium enterprises\", Journal of Accounting and Management\nInformation,Systems, vol. 26, 2008, pp. 43 - 54.\n[19] N.Farcane, A. Popa, \"Recent evolutions regarding IFRS for SMEs\",\nJournal of Accounting and Management Information Systems,\nSupplement, 2008, pp.324-333\n[20] A. Fontes, L.L. Rodrigues, and R. Craig \" Measuring convergence of\nNational Accounting Standards with International Financial Reporting\nStandards\", Accounting Forum, vol.29 no.4. 2005, pp.415-436.\n[21] A. Haller \"Financial accounting developments in the European Union,\npast events and future prospects-, European Accounting Review, May,\nvol 11, no.1 , 2002, pp. 153-190.\n[22] D. Herrmann, and W.Thomas \"Harmonization of accounting\nmeasurement practices in the European Community\", Accounting and\nBusiness Research, vol. 25, no.100, 1995, pp. 253-265.\n[23] S.Ik├ñheimo, H.Ojala, E.M. Stening, V, Riistama, ÔÇ×The IFRS for SMEs:\nDo we need it? An expert-based study in Finland\", The 4th Annual\nWorkhsop on Accounting in Europe, 10-11 September 2008, Lund\nUniversity, Sweden\n[24] R. Litjens, S Bissessur, H. Langendijk, and R.Vergoossen, \" How Do\nPreparers Perceive Costs and Benefits of IFRS for SMEs? \" Empirical\nEvidence from the Netherlands, March 1, 2012, Accounting in Europe,\nForthcoming. Available at SSRN: http://ssrn.com/abstract=1940646\n[25] A.R.Rahman, M.H.B. Perera, and S. Ganeshanandam \"Measurement of\nFormal Harmonization in Accounting: an exploratory study\",\nAccounting and Business Research, vol 26, no 4, 1996, pp 325-339.\n[26] X.Qu, G. Zhang, \"Measuring the convergence of national accounting\nstandards with international financial reporting standards: The\napplication of fuzzy clustering analysis\", The International Journal of\nAccounting, vol. 45, 2010, pp. 334-355\n[27] S.Simpson \"Developing Countries' Views on Financial Reporting\nStandards for Small and Medium-Scale Enterprises (SMEs): The Case of\nGhana\" (November, 21 2008). Available at SSRN:\nhttp://ssrn.com/abstract=1305141\n[28] H. Theunisse \" Financial reporting in EC countries: Theoretical versus\npractical harmonization. European Accounting Review. vol.3, no. 1,\n1994, pp.143-162.\n[29] Z. Wang, J. Wan and J. Li \"On the Measurement of International\nHarmony of Accounting Standards\", Modern Economic Science, vol.27,\nno 5, 2005, pp. 89-94.\n[30] Y. Yu, X. Qu \" International accounting convergence in China: an\nempirical study of standards on assets measurement\", available online at\nhttp://www.anpcont.com.br/site/docs/congressoIII/02/517.pdf"]}
Databáze: OpenAIRE
Externí odkaz: