Challenges of the Accounting Profession in Accounting Systems Connected to Taxation: Business Taxation in Romania Compared to Hungary

State Violeta (), Voinea Cristina-Maria, Tănase Loredana-Cristina and Pajrok Andor
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State Violeta: Valahia University of Targoviste, Romania
Voinea Cristina-Maria: Valahia University of Targoviste, Romania
Tănase Loredana-Cristina: Valahia University of Targoviste, Romania
Pajrok Andor: Eötvös József Főiskola of Baja, Hungary

Valahian Journal of Economic Studies, 2024, vol. 15, issue 2, 15-26

Abstract: It is known that two accounting models/systems have emerged worldwide, each based on one of the two accounting currents: the continental accounting model resulting from the conceptual or deductive current and the Anglo-Saxon accounting model resulting from the pragmatic or inductive current. Each country has its own accounting system that reflects the legal, social and cultural influences specific to that country. Still, the different national accounting systems with their particularities can be grouped more or less faithfully and integrated into one of two models. Romania and Hungary adopted the continental accounting system, whose characteristic is the connection of accounting to taxation. Through a comparative study between Romania and Hungary in terms of business taxation, we aim to highlight the challenging journey of accounting professionals from the accounting rules common to all activities and constant over time to the different tax processing and adjustments from one period to another and even from one field of activity to another.

Keywords: accounting; taxation; regulation; tax; professional accountant (search for similar items in EconPapers)
JEL-codes: M41 (search for similar items in EconPapers)
Date: 2024
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Persistent link: https://EconPapers.repec.org/RePEc:vrs:vaecst:v:15:y:2024:i:2:p:15-26:n:1002

DOI: 10.2478/vjes-2024-0012

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