IMPACT OF IFRS ADOPTION ON FINANCIAL STATEMENTS COMPARABILITY. A STUDY OF EASTERN VS. WESTERN EUROPEAN COUNTRIES

GIUGLEA Antonia Cosmina, Babes Bolyai University

Abstract:
The IFRS implementation has marked an important milestone in the history of accounting. Since the beginning, there have been both advocates and critics, debating whether the initial objectives were, in fact, met in practice. The present article examines whether comparability of financial statements increased between Eastern and Western European countries after IFRS adoption. The research is empirical, analysing companies before and post adoption, while bringing forward up to date concepts, beneficial for future research. Policymakers proclaim their policies are rooted in evidence and often turn to academic researchers for impartial and reliable evidence. In view of the fact that a significant number of studies have been conducted thus far, the present paper attempts to further emphasize the positive impact of IFRS implementation.

Keywords: IFRS, COMPARABILITY, FINANCIAL REPORTING

JEL Classification: G14, G15

Volume: 76, Issue: 1

Pages: 34 - 44

Publication date: March, 2024

DOI: 10.56043/reveco-2024-0004

Download the article: http://economice.ulbsibiu.ro/revista.economica/archive/76104giuglea.pdf

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