The Reform of the Romanian Accounting System – between the Need and Reality of the Process

Abstract

The Romanian’s account modernization process began long ago, somewhere around 2000 under the conditions of Romania's pre-accession to the European Union. The present article aims to analyze the approach taken by highlighting the main evolutionary stages from the harmonization and convergence of Romanian accounting to its normalization and standardization.

Keywords

• International Financial Reporting Standards
• the globalization process
• the accounting normalization
• the convergence process
• the Romanian accounting regulations