Applications of financial reporting in the European Union and Italy

Avrupa Birliği (AB), yönergeler vasıtasıyla Uluslararası Muhasebe ve Finansal Raporlama Standartları (UMS/UFRS) ile uyumlaştırmayı başarmış, bunu özellikle dördüncü ve yedinci Avrupa Komisyonu (EC) yönergelerinin uygulanmasıyla gerçekleştirmiştir. Dördüncü ve Yedinci yönergeler, AB içinde muhasebenin uluslararası boyutlara taşınması ve uyumlaştırmasında kullanılan en önemli araçlardır. Avrupa Birliği, borsada işlem gören şirketler için Uluslararası Muhasebe Standartları Kurulu’nun Uluslararası Finansal Raporlama Standartları (UFRS) ve Uluslararası Muhasebe Standartlarından (UMS) uygulanabilir olanlarını onaylayıp yürürlüğe sokmaktadır. Bu çalışmanın amacı ise, UMS/UFRS’lerin Avrupa Birliği’nde ve İtalya’da uygulanma sürecini incelemek ve finansal raporlamaya etkisini genel olarak göstermektir.

Avrupa Birliği ve İtalya’da finansal raporlama uygulamaları

The European Union (EU) achieves the objectives of harmonization of International Accounting and Financial Reporting Standards (IAS/IFRS) through the Directives, mainly the Fourth and the Seventh of the European Commission (EC) Directives. The Fourth and the Seventh Directives are the most important instruments which are used to promote accounting internationalization and harmonization within the EU. The EU is the largest jurisdiction body and approves and puts into effect only applicable financial reporting rules for listed companies under the IASB’s International Financial Reporting Standards and International Accounting Standards. The purpose of this study is to examine implementation process and show general effect of financial reporting of the IAS/IFRS's in the European Union and Italy.

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