Comparative Financial Statements. Convergence versus Divergence

Nicolae Ecobici

Annals - Economy Series, 2010, vol. 3, 263-278

Abstract: In this paper I compared the Romanian financial statements with the US GAAP financial statements in terms of two criteria: first the reference period and secondly the shape, structure and content of financial statements. Nowadays the two accounting systems, the French and Anglo-Saxon, tend to harmonize. I will present the convergences and the divergences between the financial statements of Romania, subject to OMFP 3055/2009, in parallel with the Anglo-Saxon accounting system.

Keywords: accounting systems; IFRS (International Financial Reporting Standards); profit and loss account (search for similar items in EconPapers)
Date: 2010
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Persistent link: https://EconPapers.repec.org/RePEc:cbu:jrnlec:y:2010:v:3:p:263-278

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