INTERNATIONAL ACCOUNTING HARMONIZATION PROCESS INFLUENCES ON THE EVOLUTION OF ROMANIAN ACCOUNTING SYSTEM
Autor (i): Gheorghe, Holt
JEL: M40, M41, M48
Cuvinte cheie: international accounting harmonization, accounting information, finanial reporting, international accounting regulations
Abstract:
The accounting literature demonstrates that the differences that exist in the sphere of financial reporting is a state of normality and is the result of a combination of speific factors. The existence of these differences in the regulation determines the continued development of a process able to decrease the weaknesses at a particular time, focused towards globalization of the capital markets, increased interest of the financial accounting information users, in achieving a high degree of comparability and quality of information provided through financial reports. In recent years there has been a collaboration between Romania and IFRS, which turns out to be a gradual one and that is developed in parallel with the adaptation of the acquis communautaire and the process of accounting harmonization of national regulations in relation to international reference has not ceased to exist from the first initiatives until now.
The accounting literature demonstrates that the differences that exist in the sphere of financial reporting is a state of normality and is the result of a combination of speific factors. The existence of these differences in the regulation determines the continued development of a process able to decrease the weaknesses at a particular time, focused towards globalization of the capital markets, increased interest of the financial accounting information users, in achieving a high degree of comparability and quality of information provided through financial reports. In recent years there has been a collaboration between Romania and IFRS, which turns out to be a gradual one and that is developed in parallel with the adaptation of the acquis communautaire and the process of accounting harmonization of national regulations in relation to international reference has not ceased to exist from the first initiatives until now.
Articol: Fisier PDF
Copyright © UNIVERSITATEA CONSTANTIN BRANCOVEANU. Toate drepturile rezervate.