ACCOUNTING REGULATIONS FOR GOODWILL IN AN EMERGING COUNTRY- THE CASE OF ROMANIA

Raluca Valeria Ratiu
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Raluca Valeria Ratiu: Faculty of Economic Science and Business Administration, Babes-Bolyai University

SEA - Practical Application of Science, 2014, issue 5, 549-554

Abstract: The International Accounting Standards Board (IASB) has been promoting a worldwide accounting harmonization and convergence project for more than a decade now with the declared purpose to increase comparability of financial information worldwide. We conduct a historical and chronological analysis of the evolution of the Romanian accounting and audit regulations and their comparability to the international standards, following a period of more than two decades, post-communism until today. Romanian regulators have adopted many changes of the accounting regulations in a short period of time, moving from the International Accounting Standards (IAS) partial adoption, to the European Union (EU) directives, to International Financial Reporting Standards (IFRS). These changes have had an impact on the listed companies which have applied them.

Keywords: International accounting standards; Goodwill; Regulations development; Romanian regulation (search for similar items in EconPapers)
JEL-codes: M41 M42 (search for similar items in EconPapers)
Date: 2014
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Persistent link: https://EconPapers.repec.org/RePEc:cmj:seapas:y:2014:i:5:p:549-554

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