CONVERGENCE OF FINANCIAL AND MANAGEMENT ACCOUNTING IN THE CONTEXT OF COMPANIES’ INTEGRATED REPORTING

Abstract

Integrated reporting, considered by specialists as the corporate reporting of the future, influences financial and management accounting and enriches the traditional information links between them. The objective of this paper is to prove that the information links and interactions traditionally existing between the financial and management accounting systems will be kept and enriched in a situation of the entities' integrated reporting. The existing relationships and interactions between the two accounting systems in the context of International Financial Reporting Standards (IFRSs) will be taken into account, as well as their development, triggered off by this new form of accountability.