Abstract:

The purpose of the research. In this paper we aimed to analyze the International Financial Reporting Standards, which involves the description of the theoretical aspects and the practical importance of the application of the IFRS. The sources of information on International Financial Reporting Standards, books and specialized articles in Romanian and foreign literature, legislative acts (laws and other national and European regulations on the subject), the official documents and website served as databases. specialized websites, which contain information about IFRS, IASB, IASCF, IAS, GAAP, IFRIC, SIC. As a result, we proposed that our research be presented in a paper with a logical structure, with concise but well-argued information about IFRS, the importance of their application and offering this study to those interested in the field.