IDEAS home Printed from https://ideas.repec.org/
MyIDEAS: Log in (now much improved!) to save this article

Legislative Similarities and Differences between the Annual Financial Statements for the Individual and Consolidated Economic Entities

Listed author(s):
  • Daniela Georgescu

    ()

    (West University of Timisoara)

Registered author(s):

    Even from the first day of 2015, the annual financial statements have suffered a number of changes, according to the Minister of Public Finance's Order 1802/2014, published in the Official Journal no. 963/30.12.2014. The accounting regulations approved by the new Order raise the attention of all specialists in the field of accounting, given that they aim the size criteria of the economic entities, the reports that they have to make and also a number of accounts and some accounting treatments. More exactly, the new Order of the Minister of Public Finance has introduced a number of accounts and new assets – such as the real estate investments the productive biological assets. Also, the new accounting regulation has changed the subsequent commercial discounts afferent to the inventories in balance at the end of the reporting period and that affect the stock value, not the profit or loss accounts. The legislative similarities and differences between the Order 1802/2014 and the Order that was before (3055/2009) are detailed in this paper. I believe that achieving financial statements will be harder because of the big number of changes introduced by the Order 1802/2014, changes that may have major impact on all the spheres of activity.

    If you experience problems downloading a file, check if you have the proper application to view it first. In case of further problems read the IDEAS help page. Note that these files are not on the IDEAS site. Please be patient as the files may be large.

    File URL: http://reaser.eu/RePec/rse/wpaper/REASER10_4Georgescu_P37-44.pdf
    Download Restriction: no

    Article provided by Pro Global Science Association in its journal Published in Review of Applied Socio-Economic Research.

    Volume (Year): 10 (2015)
    Issue (Month): 2 (December)
    Pages: 37-44

    as
    in new window

    Handle: RePEc:rse:wpaper:v:10:y:2015:i:2:p:37-44
    Contact details of provider: Postal:
    Bucharest, 6th district, 47 Fabricii Street, Quadra Place, bl.J, fl.1, ap.12

    Web page: http://www.reaser.eu/pgsa/
    Email:


    More information through EDIRC

    No references listed on IDEAS
    You can help add them by filling out this form.

    This item is not listed on Wikipedia, on a reading list or among the top items on IDEAS.

    When requesting a correction, please mention this item's handle: RePEc:rse:wpaper:v:10:y:2015:i:2:p:37-44. See general information about how to correct material in RePEc.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Manuela Epure)

    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.

    If references are entirely missing, you can add them using this form.

    If the full references list an item that is present in RePEc, but the system did not link to it, you can help with 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 profile, as there may be some citations waiting for confirmation.

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

    This information is provided to you by IDEAS at the Research Division of the Federal Reserve Bank of St. Louis using RePEc data.