SUSTAINABILITY OF ADAPTATIONS TO THE ANGLO-SAXON ACCOUNTING SYSTEM IN ROMANIA

Florentina Moisescu () and Nechita Daniela ()
Additional contact information
Florentina Moisescu: University Dunărea de Jos of Galaţi, Romania
Nechita Daniela: University Dunărea de Jos of Galaţi, Romania

Management Strategies Journal, 2021, vol. 51, issue 1, 161-169

Abstract: The purpose of this article is to highlight the necessity of integrating sustainability in the financial reports of Romanian companies and implicitly in the competences of the accounting specialists. Starting from the similarities and differences of the two accounting systems, continental - applicable at present and the AngloSaxon accounting system - to which it strives, we have addressed the problem of adapting to the international accounting system in Romania. We studied the extent to which the national accounting system requires a reconfiguration under the influence of the tendencies of sustainable economic development. The dual accounting system in Romania involves the development of a separate circuit for management accounting, a circuit whose deliverables are known only by the manager and less by the other users. As a result, the financial reports are incomplete, from this point of view and in most cases the users of financial statements make decisions based on incomplete information or affected by taxation.

Keywords: managerial accounting; the Anglo-Saxon system; the continental system; harmonization (search for similar items in EconPapers)
JEL-codes: P51 P52 (search for similar items in EconPapers)
Date: 2021
References: Add references at CitEc
Citations:

Downloads: (external link)
http://www.strategiimanageriale.ro/papers/210106.pdf (application/pdf)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:brc:journl:v:51:y:2021:i:1:p:161-169

Access Statistics for this article

More articles in Management Strategies Journal from Constantin Brancoveanu University
Bibliographic data for series maintained by Dan MICUDA ().