Publication: Financial information quality and it's defining characteristics
Date
Authors
Journal Title
Journal ISSN
Volume Title
Publisher
ASEM
Abstract
Description
LAZARI, Liliana, IAVORSCHI, Irina. Financial information quality andit's defining characteristics. In: Prospects of accounting development: the young researcher's view [online]: international scientific student conference, November 22, 2017: Collection of articles. Chişinău: ASEM, 2018, pp. 179-183. ISBN 978-9975-75-895-6.
In any profession and especially in the field of accounting profession, due to the nature of its problems, in the context of the globalization of the world economy, it is necessary to lay it on fundamental principles intend to ensure high standards of professionalism and quality. The accounting practice follows a process from the collection of the data from the primary documents to the systematization of the information in the financial statements. The financial accounting information is made public by financial statements, the regulation of which in the Republic of Moldova and the world is very strict, considering the impact on the decisions that the users will take. The qualitative characteristics of financial information help identify types of information that may be useful to existing and potential investors, lenders and other creditors in the decisions they make on the reporting entity on the basis of its financial statements JEL: M41, A2
In any profession and especially in the field of accounting profession, due to the nature of its problems, in the context of the globalization of the world economy, it is necessary to lay it on fundamental principles intend to ensure high standards of professionalism and quality. The accounting practice follows a process from the collection of the data from the primary documents to the systematization of the information in the financial statements. The financial accounting information is made public by financial statements, the regulation of which in the Republic of Moldova and the world is very strict, considering the impact on the decisions that the users will take. The qualitative characteristics of financial information help identify types of information that may be useful to existing and potential investors, lenders and other creditors in the decisions they make on the reporting entity on the basis of its financial statements JEL: M41, A2
Keywords
financial statements, users of information, professional judgment qualitative characteristics, National Accounting Standards, International Financial Reporting Standards