FINANCIAL OUTCOME BETWEEN ACCOUNTING AND FISCALITY

Florentina Moisescu () and Hij Daniela ()
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Florentina Moisescu: Dunarea de Jos University of Galati, Romania
Hij Daniela: Dunarea de Jos University of Galati, Romania

Risk in Contemporary Economy, 2015, 289-297

Abstract: The tax result does not reflect the real financial performance of a company but rather shows a result of taxation which is to determine the size of tax for a company. Therefore, in Romanian accounting there are a lot of different ways which are used to obtain an `embellished` accounting result due to a large variety of accounting policies and methods which allows the company to choose the desired outcome. In our county, the main goal of an enterprise seems to be either the decrease of the financial result in order to avoid payment of a bigger tax to the state tax authority or the postponement of it, while companies from other countries want a financial result as big as possible so that they can attract investors.

Keywords: financial outcome; accounting; fiscality; accountig policy; revenue; cost; tax (search for similar items in EconPapers)
Date: 2015
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