Today’s accounting profession faces a number of challenges as raised by the current business environment, primarily due to the globalization process and the development of information technologies. Romania is currently using a two-cycle accounting system, with the management accounting circuit separate from the financial accounting circuit. Consequently, our study aims to explore within the Romanian accounting profession the reality of a specialization of accounting positions according to the circuit to which they presumably belong to (either financial or management accounting), in a competency-based approach. The research method employed is job-offer analysis, as job offers reflect organizational practices stating the required competencies for the specific positions. We conclude that the state of the accounting profession in Romania is one of transformation and hybridization.