Article

RESPONSABILITY CENTRES UNDER IAS2/IFRS

ILCUS Magdalena Alina, 1 Decembrie 1918 University, Romania

 

Abstract:
In the last decades, the implementation worldwide of IFRS to a larger extend impacts more and more the financial accounting., Particularly, the requirements of accounting standard for inventory, IAS2, influence not only the external reporting but also the internal one. In this paper, we discuss the impact of IAS2 on the cost accounting system of an entity. In this line of thought, we conclude that the cost accounting, along with its responsibility centres, assists financial accounting in IAS2 implementation.

 

Keywords: Responsibility centres, Cost Accounting, Inventories IAS2, Internal Reporting

JEL Classification: F15, M11, M41

Volume: 71, Issue: 2

Pages: 92 - 102

Publication date: September , 2019

Download the article: http://economice.ulbsibiu.ro/revista.economica/archive/71207ilcus.pdf


”Cite

ILCUS Magdalena Alina, 2019, RESPONSABILITY CENTRES UNDER IAS2/IFRS, Revista Economică, Lucian Blaga University of Sibiu, Faculty of Economic Sciences, vol.71(2), pages 92-102, September . DOI: https://doi.org/


 


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