TAILIEUCHUNG - INTERNATIONAL FINANCIAL REPORTING STANDARD (IFRS) WILL SUPPORT MANAGEMNET ACCOUNTING SYSTEM FOR SMALL AND MEDIUM ENTREPRISE (SME)?"

In this section, we expand our discussion of the role of financial accounting information in the operation of specific governance mechanisms. An important example in this respect is DeAngelo’s (1988) study of the role of accounting information in proxy fights. She documents a heightened importance of accounting information during proxy fights by providing evidence of the prominent use of accounting numbers. She presents evidence that dissident stockholders typically cite poor earnings performance as evidence of incumbent managers’ inefficiency (and rarely cite stock price performance), and that incumbent managers use their accounting discretion to portray a more favorable impression of their. | Annales Universitatis Apulensis Series Oeconomica 11 1 2009 INTERNATIONAL FINANCIAL REPORTING STANDARD IFRS WILL SUPPORT MANAGEMNET ACCOUNTING SYSTEM FOR Small and MEDIUM ENTREPRISE SME Sorin Briciu1 2 Constantin Groza Ioan Ganfalean3 ABSTRACT The problem of reporting financial data useful for readers in most of the countries and languages is receiving considerable attention with the implementation of the new financial reporting standards in the United States European Union Canada Australia and Japan. The theoretical model of the new standard forms that would be produced in a particular country and especially for public and world companies will expedite the search and analyses of usefulness of this reporting. The characteristic formulation of accounting and financial information is to obtain a common language in reporting financial data capable to be used by readers in the same meaning and to be useful for all other words the needs for harmonization of financial and accounting information to all participants. There are a lot of interferences convergences and divergences between accounting and financial reporting that still should be resolved for SMEs. Using a comparative method between needs for accounting and financial information for management ỉn one side and bank on other side in two countries Canada and Romania it will be enable to show how accounting and financial information can be harmonized for SMEs and to be implemented in IFRS. Key words IFRS Management Accounting. SWOT JEL codes M 40 M 41 Introduction The current financial crisis has underscored the fragility and interconnectedness of our global economic system. The credit bubble has emphasized that not only the economy should be encouraged but also our accounting and financial reporting systems have to be resilient and modernised as well. Governments and regulators need to step up initiatives to promote convergence to global accountancy and auditing standards according to IFAC G20 .

• Kế toán - Kiểm toán
• amplifiers and phase
• detectors provide
• processing techniques
• multiplier provides
• multipliers require
• electronically obtained