The dynamics of the Romanian financial reporting Cover Image

The dynamics of the Romanian financial reporting
The dynamics of the Romanian financial reporting

Author(s): Ramona Lapteș, Adriana Florina Popa
Subject(s): National Economy, Transformation Period (1990 - 2010), Present Times (2010 - today), Accounting - Business Administration
Published by: Editura Universităţii »Alexandru Ioan Cuza« din Iaşi
Keywords: accounting; financial reporting; Romania; national strategy; IFRS;

Summary/Abstract: Accounting is the social science that developed and constantly improved in order to meet the information needed for each stage of the society evolution. In its turn, the financial reporting system was frequently reconsidered in order to harmonize the supply and demand for accounting information. The main objective of this study is to create a fresco of the financial reporting system in Romania, during the last two decades, which is intended to highlight the advantages and limitations of different accounting rules with direct impact on the financial communication process. The present situation demonstrates that the National strategy for improving the financial reporting of private economic entities, mostly based on drafting the individual annual financial statements of public interest entities in accordance with IFRS requirements, encountered certain difficulties in the implementation process.

  • Issue Year: 60/2013
  • Issue No: 1
  • Page Range: 107-126
  • Page Count: 20
  • Language: English