Approaches regarding the specific provisions for credit risk in the context of IFRS application by the romanian banking system.
The expansion of both the international economic relations and the cross-border capital movements demands for the accounting systems to ensure comparable pieces of information among the countries from the world, through summary financial statements (balance sheet, profit and loss account, cash flow and equity changes’ statement and explanatory notes). Implementing IFRS within the Romanian banking system has generated real challenges in terms of
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