Overview
- Showcases principles, concepts and practical tools for the use of accounting in business decisions
- Uses IFRS standards and their framework in highlighting Romanian financial accounting regulation and practice
- Includes learning objectives, chapter summary questions and quizzes for use in a classroom setting
- Includes a foreword by Hans Hoogervorst, the IASB Chair
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Table of contents (11 chapters)
Keywords
About this book
Reviews
“A useful book both for the academia from Romania and for practitioners in the context of the current trends of converging more reporting frameworks, and of the need for a common financial language, in international context. Moreover, given that all companies listed at Bucharest Stock Exchange, as well as all companies with foreign shareholders must apply IFRS for statutory reporting and reporting to their mother company, while most companies use Romanian standards(RAS), this book provides internationally comparable information, meeting the need for financial statements.” (Ovidiu Constantin BUNGET, Vice President, Asociation des Formations Europeennes a la Comptabilite et a l'Audit; and Head of Accounting and Audit Department, Faculty of Economics and Business Administration, West University of Timisoara, Romania)
“A very welcome and helpful entry into the accounting literature and practice in general, in particular for those who interact with Romanian corporate reporting environment and want to understand it. The book creates a connection bridge between the international IAS/IFRS and Romanian accounting regulation and it becomes a reference for both professional accountants and auditors working in international environments but also for the English track students. Being written in a clear and logical manner, balancing theory with practical examples, the lecture is instructive, easy and enjoyable.” (Adriana Tiron-Tudor, Full Professor, Babes-Bolyai University, Cluj-Napoca, Romania)
“This book is about the technical nature of accounting. These technical aspects of accounting are often conjoined to an argument that financial reporting is simply a neutral record of a company’s financial condition at a given point in time. However, the accounting profession must not be complacent because it is the guardian of the social license granted by limited liability. This social obligation carries with it a need to balance the information needs and interests of shareholder investors with a broader public interest. The social license granted by limited liability sought to decouple the interests of shareholders investors from the stewardship of company resources and thereby emphasise the need to preserve companies as a going concern for all stakeholders.” (Colin Haslam, Queen Mary University of London, UK)
Authors and Affiliations
About the author
Adriana Duțescu is a professor of Accounting in the Department of Accounting and Audit at the Bucharest University of Economic Studies (ASE), Romania. Adriana has more than 25 years of academic experience, both as researcher and lecturer, alongside business experience in corporate reporting, strategic management and financial analysis. A full professor and PhD tutor, Adriana is the author of several professional and academic books on accounting topics and several relevant articles and scientific papers about financial reporting based on IFRS, auditing, financial instruments, performance systems in specific industries, etc. She is a chartered financial auditor and a chartered tax advisor. At the international level, Adriana has contributed to the activity of the Federation of European Experts, within the Accounting Working Group, to the European Financial Reporting Advisory Group, as a member of the Supervisory Board and to HERMES (Higher Education and Research in Management of European Universities).
Bibliographic Information
Book Title: Financial Accounting
Book Subtitle: An IFRS Perspective in Romania
Authors: Adriana Duţescu
DOI: https://doi.org/10.1007/978-3-030-29485-4
Publisher: Palgrave Macmillan Cham
eBook Packages: Economics and Finance, Economics and Finance (R0)
Copyright Information: The Editor(s) (if applicable) and The Author(s), under exclusive license to Springer Nature Switzerland AG 2019
Hardcover ISBN: 978-3-030-29484-7Published: 11 December 2019
Softcover ISBN: 978-3-030-29487-8Published: 17 December 2020
eBook ISBN: 978-3-030-29485-4Published: 26 November 2019
Edition Number: 1
Number of Pages: XVIII, 344
Number of Illustrations: 42 b/w illustrations, 1 illustrations in colour
Topics: Financial Accounting