THE COMPOSITION AND STRUCTURE OF FINANCIAL REPORTING
    - SIMILARITIES AND DIFFERENCES IN THE CASE OF AIR
                  TRANSPORT COMPANIES


                             Luminiţa Rus, University of Oradea
                            Mariana Farcaş, University of Oradea

ABSTRACT: This report presents three components of annual financial statements – Balance
Sheet, Profit and Loss Statement and Statement of Cash Flows - in terms of national and
international accounting regulations as a source of information and presentation of the
company. Also, through the comparative analysis of annual financial statements of five
airlines from different countries, how the format and their presentation influence or condition
the relevance of accounting information.

Key words: Balance sheet, Income statement, Cash flow statements

JEL Codes: M41