This paper addresses issues of financial reporting within the context of European harmonisation and accession. The construct of the True and Fair View (hereafter TFV) constitutes a locus of reflection for the establishment of a mutually intelligible foundation for financial reporting in the New...

The process of decision-making and carrying out of economic transactions is not possible in the lack of accounting information. In order to be useful, it has to be drafted according to the requirements of legal and ethical provisions. In this context, the role of accounting professionals is...

The requirements of the modern society called forth the material assets in favor of immaterial ones. We are especially making mention of information. These represent the basement of any decision, and consequently its success or its failing rests on the quality of the creation and communication...

The complexity of economic transactions, their dynamic and the peculiarity of the activities carried out by each enterprise does not afford the coverage of the entire economic universe by accounting norms and regulations. National and international organisms acknowledge the legal limitations...

The objective of financial statements is to give a true and fair view of financial position and of the performance, a true and fair view which will be useful for a wide range of users to take economic decisions. Accounting policies choice involves setting options that generate the best financial...

Although creative accounting practices are not at all recent, only since 2000 this phenomenon has been widely publicized because of the financial scandals that had erupted worldwide. Obviously, creative accounting practices came to be used with nonchalance at enterprise level, irrespective of...

In compliance with its objective, accounting endeavours to provide information about the financial status, performance and progress of a company, and to furnish all those concerned with a true and fair view of an enterprise patrimony. Being creative in the field of accounting expresses a...

Accounting policies are the specific principles, bases, conventions, rules and practices adopted by an entity when producing and presenting financial statements. The options found in accounting mean there are several policies to settle a matter. Therefore, an option means a choice. The targets...

The entire evolution of human society is based on the permanent amplification of the information ability. The transformation of knowledge into a “treasury” has become possible by the permanent transmission of the information, gathered from one generation to another, in an interrupted chain,...