Evolution of Accounting Regulations in Romania after 1990 and Until UE Accession
Evolution of Accounting Regulations in Romania after 1990 and Until UE Accession
Author(s): Maria Mădălina VoineaSubject(s): National Economy, Economic history, Economic development, Law on Economics, EU-Accession / EU-DEvelopment, Accounting - Business Administration
Published by: Fundatia Română pentru Inteligenta Afacerii
Keywords: accounting regulations; dual accounting system; accounting reform; market economy; accounting principles and practices;
Summary/Abstract: For years among the Romanian accounting was understood as a planned and consolidated accounting, with the principles and common practices of the communist society. But december1989 not only meant the end of the communist regime, but also the end of the centralized economic system, thus requiring the adoption of a so-called liberal economy based on market values. Accounting begins to be seen as a business management tool deployed in an economy "in transition", hence the need to define new accounting practices. (Diaconu, 2006) The necessity of accounting reform in Romania aimed at continuous improvement of the Romanian accounting system.
Journal: SEA – Practical Application of Science
- Issue Year: III/2015
- Issue No: 08
- Page Range: 155-159
- Page Count: 5
- Language: English