THE QUALITY AND UTILITY OF ANNUAL FINANCIAL REPORTS BETWEEN EXPECTATIONS AND REALITY

Abstract

Any company makes its presence felt in the market by providing financial - accounting. Users will be more interested in issuing entity, to the extent that the information provided is attractive and quality, showing favorable results. So any accounting information quality is a measure of objectivity and transparency pursued transposition. Setting targets for financial statements depends on many factors and in addition, there is a universal set of objective, valid for all businesses, whatever the accounting system adopted. Over time, in our country, the accounting system has undergone various changes aimed at ensuring financial accounting information as qualitative targets, so try to bring the national accounting system close to international accounting standards. From an analysis of the three periods to improve national accounting system, no one can see only instability reform process accounting, which included regulations associated initially with European directives (which is also found in French accounting system), then with IAS and European directives, in order to subsequently take place reversing the order of accounting regulations, putting in this regard, European directives first, and IFRS (whose application is reduced) on the second place, combination that has led to the emergence of contradictory situation in some cases.

Keywords

• critical; annual financial statements
• meaningful information
• financial and accounting information
• microentities
• synthesis documents