In Romania of nowadays financial accounting and taxation accounting are different. They have different objectives, are subject to different rules and serve different purposes. Financial accounting involves the preparation of information for the purpose of decision-making while the taxation accounting’s main purpose is to raise revenue, being an excellent instrument of government economic and social policy. The aim of our research is to study accounting literature and practical experience of Timiş county companies to gain an insight of the basis and form of this divergence and the main creative accounting techniques, as results of this divergence. For the purpose of our study, we conducted a questionnaire survey at the county level.