Implications of IFRS Adoption on Balance-Sheet vs Income Statement Figures

摘要: Article history: On the last two decades, financial reporting area has suffered lot of changes in order to respond properly dynamics economic system characterized by continuous process globalization, international capitalization, and multinational corporations increasing impact. Implementation IFRSs been positively perceived both preparers users from quality information improvement point view effects perspective as well. Romanian regulators have decided align EU accounting legislation adopting IFRS for consolidated accounts preparation. Furthermore, they chosen extend use individual statements case all listed companies. In this study we will provide evidence using an index conservatism that there are small on acco unts pre adoption versus post at statutory level. This is actually reflecting efforts regulato r harmonize local regulation with IFRS.