Journal of Accounting and Management Information Systems (JAMIS)

Types of accounting decisions between freedom and concordance. Predictive value assumption, relevance and reliability

11-12/2005 ,   p110..116

┼×tefan Iuliu GRIGORESCU

Keywords:   accounting decisions, financial statements, accounting standards

The financial reporting no longer stops with the financial statements and notes to the accounts.The needs to be assured about the reliability and quality of the financial statements has created a framework of assurance, witch in turn has led to an explosion of disclosures. The mandatory regulation under law and accounting standards are voluntary, but with strong guidance, also reflect the need for accountability regarding in the non-financial aspects of business operations, the broad heading of corporate social responsibility.