The purpose of this paper is to analyze the usefulness of financial statements for small and medium sized companies prepared under IFRS, in comparison with the financial statements under Romanian Accounting Standards. The main research question is whether the financial statements under IFRS...

The financial statements of a company are analysed trough a series of indicators. However, the calculation and interpretation of simple indicators have disadvantages such as un-exhaustive characterisation of a single activity inside the company. DuPont Identity determines the return on equity...