EVOLUTION OF ACCOUNTING REGULATIONS IN ROMANIA AFTER 1990 AND UNTIL UE ACCESSION

Maria-Mădălina Voinea
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Maria-Mădălina Voinea: Doctoral School of Economics and Business Administration, ”Alexandru Ioan Cuza” University of Iaşi

SEA - Practical Application of Science, 2015, issue 8, 155-159

Abstract: For years among the Romanian accounting was understood as a planned and consolidated accounting, with the principles and common practices of the communist society. But december1989 not only meant the end of the communist regime, but also the end of the centralized economic system, thus requiring the adoption of a so-called liberal economy based on market values. Accounting begins to be seen as a business management tool deployed in an economy "in transition ", hence the need to define new accounting practices. (Diaconu, 2006) The necessity of accounting reform in Romania aimed at continuous improvement of the Romanian accounting system.

Keywords: accounting regulations; dual accounting system; accounting reform; market economy; accounting principles and practices (search for similar items in EconPapers)
JEL-codes: M48 (search for similar items in EconPapers)
Date: 2015
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