THE EVOLUTION OF THE ACCOUNTING SYSTEM AFTER  THE FALL OF COMMUNISM - EVIDENCE FROM ROMANIA

MARINA Alexandra-Gabriela , Lucian Blaga University, Sibiu, Romania

Abstract:
As an ex-communist and emerging country, Romania went through several stages of reform, being political, economically and socially affected. The first decade, after the fall of Communism, was the stage of adaptation to a new accounting system imposed by the transition to the market economy, where the state remained the primary user of the accounting information. During this period Romania has implemented an accounting system based on the French system, which was used without significant changes. After 2000, Romanian accounting system’s target was a better harmonization and convergence with the European directives and with the IAS/IFRS. In this period, the accounting system changed by giving new valences to the accounting information and by increasing the number of users. This paper analyses the evolution of the accounting system in Romania after the fall of Communism through a longitudinal analysis, using a framework based on Carnegie and Napier’s approach (2002).

Keywords: Romanian accounting system, accounting information, IAS/IFRS, the 7P framework

JEL Classification: M40, M41

Volume: 70, Issue: 2

Pages: 76 - 89

Publication date: August, 2018

Download the article: http://economice.ulbsibiu.ro/revista.economica/archive/70207marina.pdf

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