The exigencies of the International Financial Reporting Standards regarding the financial instruments

Author:University professor, PhD. Tatiana DĂNESCU, PhD Student Ovidiu SPĂTĂCEAN

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Keywords:Financial Investment Companies, financial instruments, financial reporting, system, valuation, recognition, de-recognition, IFRS

Abstract:
According to the research results and in the context of the approached subject related to this paper, an adequate level of accuracy related to the disclosure of financial instruments issued by listed companies, refer to a financial reporting system in compliance with International Financial Reporting Standards, provided that financial statements respond to a set of qualitative characteristics required by the information needed for the external users, designed to describe a true and fair view of financial position and performances associated to issuers of securities. \r\n\r\nTherefore, from the investors’ perspective, a proper recognition and valuation of financial instruments according to IFRS, corroborated with a correct, accurate and complete disclosure of information related to investments in financial instruments, provides a reasonable and adequate level of understanding financial position and performances, as well as changes in financial position, for the purpose of assuming pertinent investment decisions in listed companies.\r\n

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