The Use of the IFRS’s Techniques and Concepts in the Individual Annual Financial Statements of the Dâmboviţa County Companies

  • Marinela-Daniela Manea Valahia University of Târgoviște
  • Mariana Zamfir Valahia University of Târgoviște, Romania
Keywords: The fair value, the future economic benefits, the accounting policies, the individual financial statements, the fixed assets

Abstract

After the 1990s, Romania has recorded major changes in the domain of accounting, taking over and adopting models with foreign influences, first of all of French origin, then with Anglo-Saxon influences. In this context, this material aims to analyze the way the accounting policies specific of International Financial Reporting Standards are applied in the individual financial statements of the Dâmboviţa County companies, having for a starting point the reality according to which the provisions of Romanian regulation no. 1802/2014 took over, at least on the level of definitions and concepts, International Financial Reporting Standards elements. 

References

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King N, Beattie A, Cristescu M, Weetman P. Developing accounting and audit in a transition economy: the Romanian experience. 2001, European Accounting Review. 2001;10(1):149-71;

Nobes C, Parker R.. Comparative international accounting, 10th ed. Prentice Hall: Financial Times; 2008.

OMFP nr. 1802/2014 pentru aprobarea Reglementărilor contabile privind situaţiile financiare anuale individuale şi situaţiile financiare anuale consolidate. Monitorul Oficial. 2014;963.

Published
2019-08-01