The Group of Companies and the Consolidated Financial Statements in Romania - Convergence and Harmonization

Guni Claudia Nicoleta () and Munteanu Victor ()
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Guni Claudia Nicoleta: “Spiru Haret” University, Constanta
Munteanu Victor: Dimitrie Cantemir” University, Bucharest

Ovidius University Annals, Economic Sciences Series, 2014, vol. XIV, issue 2, 501-505

Abstract: The legislative scenery in Romania on the consolidated financial statements should be regarded and analyzed in thecontext of the Romanian accounting reform after 1989. Under communism there were no national regulations concerning group situations as there would have had no applicability, given that the enterprises were state owned. In a slightly forced way, we mighteven say that the whole national economy before 1989, characterized by a super-centralization, represented an economic group (consolidated from stage to stage up to national level, on the chain company -center -ministry) focused on achieving the unique national plan of economic and social development.

Keywords: consolidated accounts; consolidation perimeter; international convergence; minority interests. (search for similar items in EconPapers)
JEL-codes: G3 G32 G34 (search for similar items in EconPapers)
Date: 2014
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Persistent link: https://EconPapers.repec.org/RePEc:ovi:oviste:v:xiv:y:2014:i:2:p:501-505

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