Static and dinamic in accounting
13-14/2005 , p6..12
Author(s):
Mihai RISTEA
Keywords:
accounting, globalization, International Financial Reporting Standards, convergence
Abstract:
I currently recognize a single accounting principle: the change. Accounting searches itself to attain globalization, reviews its normative arsenal to ensure consensus, and is concerned with the shift of information commands from those specific to the goods markets, to the more subtle ones, required by the capital markets. All these changes take place in the context of practical actions taken to produce and promote the International Financial Reporting Standards, to review and improve current International Accounting Standards, actions to which is added the convergence between the three accounting cultures: US GAAP, IFRS and European Accounting Directives.
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