Aspects related to the application if the accounting regulations harmonized with the Fourth CEE Directive and with International Accounting Standards

Author:PhD Georgeta PETRE

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Keywords:IAS 29, Accounting Law, regulations applicability

Abstract:
To date the Romanian economy experiences a complex transformation process both at the technical and organizational level. This was also demonstrated by the analysis performed on the stage of application the Accounting Regulations harmonized with the Fourth CEE Directive and with the International Accounting Standards, approved by the Order of the Minister of Public Finance no. 94/2001 by the legal persons under the applicability of these regulations.\r\nThe analysis performed showed the existence of problems of the legal nature as well as of some organizational and economic problems.\r\nThose few issues presented point out that the Application of the Accounting Regulations harmonized with the Fourth CEE Directive and the International Accounting Standards approved by the Order of the Minister of Public Finance no. 94/2001 represents a complex process which involves both financial and human resources which should be alert to the news in the developments of the accounting regulations and in the area of the fiscal legislation as well.\r\n

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