By Cătălin Albu,Răzvan V. Mustaţă,Shahzad Uddin
Countries in primary and japanese Europe (CEE), such a lot of them former elements of the communist bloc, have suffered diversified affects over the years. traditionally, the appearance of communism within the Fifties has stopped the industrial and political improvement of those international locations. Its fall in the course of the past due Nineteen Eighties and early Nineteen Nineties prompted serious adjustments within the monetary and social atmosphere, with profound outcomes at the nations' accounting and enterprise versions. The accounting regulatory technique of those nations has ordinarily been a public one, even supposing a few nations additionally concerned inner most region our bodies. With fiscal and political reforms those international locations at the moment are reforming their accounting platforms with for instance the adoption of foreign Accounting Standards/International monetary Reporting criteria (IFRS). also, the CEE nations' political will to affix the eu Union forced the regulators to make sure a excessive point of harmonization with the European...
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Extra resources for Accounting in Central and Eastern Europe
Bingley, UK: Emerald. Bonaci, C. , Mustaţă, R. , & Strouhal, J. (2013). Assessing accounting students’ academic performance: A case study on Romania. In and C. N. Albu & R. V. ), Accounting in Central Eastern Europe. Bingley, UK: Emerald. Garanina, T. , & Kormiltseva, P. (2013). The effect of international financial reporting standards (IFRS) adoption on the value relevance of financial reporting: A case of Russia. In and C. N. Albu & R. V. ), Accounting in Central Eastern Europe. Bingley, UK: Emerald.
It can be observed that in both pre- and post-IFRS periods, firms that have lower leverage ratios are the most profitable, whereas higher leveraged firms are the largest in terms of earnings losses. 09. Table 2. Descriptive Statistics. Graphical Evidence Figure 1 shows the EPS distributions of the listed firms in BIST in 1998–2010. The bin width we apply in the histogram according to the Eq. 01. 01] is 172. 67, which shows that the listed firms in BIST report small declines in earnings less often than small increases in earnings, suggesting EM to exceed the zero threshold of reporting positive profits.
However, the author finds deficiencies even in the reporting practices of some sample companies related to mandatory disclosures. Lungu, Caraiani, and Dascălu (2013) is the ninth chapter in the special issue, and the first one to address the very important issue of corporate and social responsibility. Thus, the authors investigate the scope of social and environmental reporting by Romanian listed entities, from the perspective of integrating it in financial reporting, and develop on a novel approach to the presentation of social and environmental information in the annual reports.