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Developments in the Romanian Accounting System Architecture due to the Implementation of IFRS (I)


  • Gheorghe Lepadatu

    () ("Dimitrie Cantemir" Christian University)


This paper presents the result of a research developed several years concerning the accounting system architecture in Romania. Entry into the European Union required the implementation of an efficient accounting system. Were analyzed compatibilities and incompatibilities between the EU accounting directives and international accounting standards. Romania faces irreversible processes in terms of economic, political, social and cultural implications of accounting, such as: globalization of economies, the development of transnational companies, and the emergence of new financial products. The only solution for these requirements is that the Romanian accounting to be complied with community's acquis and the effective application of International Financial Reporting Standards (IAS/IFRS).

Suggested Citation

  • Gheorghe Lepadatu, 2013. "Developments in the Romanian Accounting System Architecture due to the Implementation of IFRS (I)," Knowledge Horizons - Economics, Faculty of Finance, Banking and Accountancy Bucharest,"Dimitrie Cantemir" Christian University Bucharest, vol. 5(2), pages 26-31, June.
  • Handle: RePEc:khe:journl:v:5:y:2013:i:2:p:26-31

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    References listed on IDEAS

    1. Mu┼četescu, Radu & Dima, Alina & Cristian, Paun, 2008. "The role of the competition policy in forging the European Common Market," MPRA Paper 12475, University Library of Munich, Germany.
    2. Richard O. Zerbe & Howard E. McCurdy, 1999. "The failure of market failure," Journal of Policy Analysis and Management, John Wiley & Sons, Ltd., vol. 18(4), pages 558-578.
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    More about this item


    IAS/IFRS; accounting; US-GAAP; convergence; acquis;

    JEL classification:

    • M41 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Accounting - - - Accounting


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