THE IMPLICATIONS OF ECONOMIC GLOBALIZATION ON ACCOUNTING CASE STUDY OF ROMANIA

The implications of world economies globalization are multiple. In this study we intend to make an assessment of how Romania is involved in this process from the point of view of accounting system. There are two areas of interest: positioning, on the one hand, of the Romanian public accounting syste...

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Bibliographic Details
Published in:Ekonomska misao i praksa 2012-01, Vol.21 (1), p.203
Main Authors: Silvia, Nistor Cristina, Andreea, Cistea
Format: Article
Language:English
Subjects:
Accounting
Accounting standards
Accounting systems
Financial management
Financial reporting
Financial statements
Globalization
International education
International finance
International Public Sector Accounting Standards
Public sector
Regulation
Studies
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Summary:The implications of world economies globalization are multiple. In this study we intend to make an assessment of how Romania is involved in this process from the point of view of accounting system. There are two areas of interest: positioning, on the one hand, of the Romanian public accounting system towards the International Public Sector Accounting Standards (IPSAS) and on the other hand, of the accounting profession towards the International Education Standards (IES). Through a positivist research, based on the combination of quantitative and qualitative approach, we analyse two vital elements in the field of accounting internationalization, namely the created legal framework, and the quality of personnel involved. The usefulness of the study can be appreciated at international level. It is important to know how the emerging countries (including Romania) succeed in acquiring international regulations through direct or indirect taking over, under the circumstances in which the process of harmonization and convergence is of major present interest. [PUBLICATION ABSTRACT]
ISSN:1330-1039
1848-963X