A new challenge for accounting convergence:
accounting standards
11-12/2005 , p76..82
Author(s):
Victoria BOGDAN
Marcel Ioan BOLOŞ
Keywords:
accounting standards, accounting convergence, public accounting, cash accounting model, accrual accounting model
Abstract:
This paper presents the impact of international public accounting standards on the accounting convergence process. The accounting convergence process is an agreement between the International Accounting Standards Board and the US Financial Accounting Standards Board. The major objective of this agreement is to develoe high quality, common accounting standards for use in the world's capital marketsRomania try to implement International Accounting Standards. In this context, the public accounting sector in Romania is suffering changes in the reforme process. That is concerne the change of existing cash accounting model towards a modern accrual accounting model. We presented some theoretical aspects in some countries, too.
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