FINANCIAL COMUNICATION THROUGH THE FINANCIAL
    STATEMENTS ACORDING TO THE INTERNATIONAL
             ACCOUNTING SETTLEMENTS

                             Elena Hlaciuc, Professor PhD
                        „Ştefan cel Mare” University of Suceava
                                  elenah@ seap.usv.ro

                          Camelia Mihalciuc, Lecturer PhD
                       „Ştefan cel Mare” University of Suceava
                                cameliam@seap.usv.ro

                        Anişoara Apetri, Lecturer PhD Student
                        „Ştefan cel Mare” University of Suceav
                                anisoarad@seap.usv.ro


ABSTRACT: The major financial statements are designed to provide a picture of the
overall financial position and performance of the business. In order to provide this
overall picture, the accounting system will normally produce five major financial
reports on a regular recurring basis. These financial statements, taken together,
provide on overall picture of the financial health of the business. It says that who has
the information has the power, and the way that it gets from the receiver is
communication. From an accounting point of view, the communication is represented
by financial statements, witch are regulated by IASB through IAS 1. Its objective is to
prescribe the basis for presentation of general purpose financial statements, to ensure
comparability both with the entity’s financial statements of previous periods and with
the financial statements of other entities.

Keywords: financial statements, IASB, IAS/IFRS financial reporting

JEL Codes: M41