THE CHANGING ROLE OF ACCOUNTANTS IN A TRANSITION ECONOMY – EVIDENCE FROM ROMANIA

Catalin Nicolae Albu, Nadia Albu, Robert William Faff and Allan Hodgson
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Catalin Nicolae Albu: Academy of Economic Studies of Bucharest
Nadia Albu: Academy of Economic Studies of Bucharest
Allan Hodgson: Amsterdam Business School, University of Amsterdam

Annales Universitatis Apulensis Series Oeconomica, 2008, vol. 1, issue 10, pages 5

Abstract: Recently a number of interventions have impacted the Romanianaccounting system, such as the harmonization with the European Directives,International Financial Reporting Standards (IFRS), and an increased move towardsmodern information technologies such as Enterprise Resource Planning (ERP)software. In this study we directly explore these influences by applying job offeranalysis as a reflection of current and future organizational practices (Bollecker,2000). We determine the competencies expected from accountants in Romanianbusinesses and ask whether financial accounting and management accounting areseparate specialized positions in Romania, or are they developing into hybrid monistpositions? We conclude that the state of the Romanian accounting profession is one oftransition with some alignment with recent global trends. However, our inter-temporal analysis also suggests a degree of intransience with management andfinancial accountants, whilst sharing some common competencies, still maintaining anumber of attributes associated with the two-cycle accounting system. Finally, weshow that ERP competencies are the more important drivers of the hybridization ofaccountants in Romania.

Keywords: accountants in transition; hybridization of accounting roles; Romanian accountingprofession; two-cycle accounting system; enterprise resource planning; job-offer analysis (search for similar items in EconPapers)
JEL-codes: M40 (search for similar items in EconPapers)
Date: 2008
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Persistent link: http://EconPapers.repec.org/RePEc:alu:journl:v:1:y:2008:i:10:p:5

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