Journal of Accounting and Management Information Systems (JAMIS)

The economic analysis of the foreign participations in Romania

10/2004 ,   p174..179


Keywords:   company group, mother company, capital, continental concept, legislation


Analyzing this structure and the restrictions given by the continental concept of company group, we reach to the situation where the company group represents only the assembly of companies controlled by a mother company and its subsidiaries. On an indefinite period these companies remain under the control of the mother company and have a resembling activity. As it was shown above this group concept was undertaken by the Romanian legislation too. In these conditions we consider that the definition given by the International Accounting Standards is more appropriate. This definition is used in the accounting law number 82/1991 in which the relation between the capital and the mother company is very important. The group presented above has its origins coming from a foreign country