Non-Financial Reports – Image Vectors for Companies

Author:Professor Bogdan Ștefan IONESCU, Ph.D.; Cecilia DAMOC, Ph. D. Student

JEL:G30, F30, M41

DOI:

Keywords:non-financial reports, accounting regulations, IFRS, Romania, financial reporting

Abstract:
The main purpose of this article is to identify the perception of economists and accounting professionals, who are hired in various companies or have their own business, about the importance of presenting and publishing non-financial information as part of the annual financial reports which are drawn up by companies from Romania, emphasizing the benefits brought by the presentation of descriptive information which complete and explain the financial reports, contributing to the increase of their credibility intelligibility, but also bringing added value to the decisional process of potential investors. \r\nThe quantitative analysis was made on a sample of companies from Romania, from various activity fields, trying to see the extent to which non-financial reporting represent image vectors for companies and to which extent investors and other interested parties benefit from the quality of an effective management, by presenting and describing the results obtained, the company business environment, risk management, presenting the entity’s non-financial results, comparing companies on size categories and activity performed both in our country and in the European Union. \r\n \r\n

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