HIERARCHY OF ACCOUNTING INFORMATION QUALITATIVE CHARACTERISTICS IN FINANCIAL REPORTING

Authors

  • Claudia-Elena Grigoras-Ichim Universitatea Stefan cel Mare Suceava
  • Lucia Morosan-Danila Universitatea Stefan cel Mare Suceava

Abstract

The importance of the qualitative characteristics of information from the annual financial statements must not be ignored also within the interim financial statements, given that their development is determined primarily by the utility and appropriateness of information and data provided to internal and external users.

This article focuses on those aspects of a qualitative nature that concentre on professional accountants in the preparation of financial reporting and the challenges they face are based on professional judgment. The article also compares the Romanian accounting framework with the European and international ones, regarding the treatment of qualitative characteristics of accounting information.

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Published

2016-06-06

Issue

Vol. 16 No. 1(23) (2016)

Section

Accounting and finance