IDEAS home Printed from https://ideas.repec.org/h/spr/prbchp/978-3-030-50676-6_21.html
   My bibliography  Save this book chapter

Convergence of Romanian Accounting Regulations with IFRS in the Context of Globalization

In: Organizations and Performance in a Complex World

Author

Listed:
  • Daniela Pordea

    (West University of Timișoara)

Abstract

The primary role of accounting is to provide high quality financial information to a wide range of users. In today’s economy characterized by the globalization of financial markets and the cross-border development of the main transactions between business partners, the comparability of the indicators presented by the financial statements of the entities is essential in the decision-making process. That is why at the level of the international accounting regulators an important issue is the process of harmonization and convergence of the relevant legislation. Based on these prerequisites, we have compiled a comparative study between Romanian accounting regulations and IFRS, considering the main business transactions conducted by entities. The results reflect a high level of accounting convergence in our country and can be a starting point for a quantitative analysis based on statistic correlation coefficients. At the same time, a survey-based approach may still be useful in determining the perception of the business environment on the process of accounting harmonization.

Suggested Citation

  • Daniela Pordea, 2021. "Convergence of Romanian Accounting Regulations with IFRS in the Context of Globalization," Springer Proceedings in Business and Economics, in: Ramona Orăștean & Claudia Ogrean & Silvia Cristina Mărginean (ed.), Organizations and Performance in a Complex World, pages 265-274, Springer.
    • Handle: RePEc:spr:prbchp:978-3-030-50676-6_21
    DOI: 10.1007/978-3-030-50676-6_21
    as

    Download full text from publisher

    To our knowledge, this item is not available for download. To find whether it is available, there are three options:
    1. Check below whether another version of this item is available online.
    2. Check on the provider's web page whether it is in fact available.
    3. Perform a search for a similarly titled item that would be available.

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:spr:prbchp:978-3-030-50676-6_21. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Sonal Shukla or Springer Nature Abstracting and Indexing (email available below). General contact details of provider: http://www.springer.com .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.