Consistencies and Inconsistencies in Financial Reporting. The Case Study of Central and Eastern Europe

Our approach represents a real challenge. The accountancy reform in the Central and Eastern Europe is aimed at in our study from the perspective of the financial reporting systems drawn up and presented by enterprises. Our research is part of a wider study having as a goal to analyse by the rigours of a scientific approach, but at times however, with critical accents, the evolutions of the accounting systems in the four countries (Poland, Czech Republic, Hungary and Romania) after the fall of communism, having as a goal as well, formulating certain conclusions and why not, lessons for the Romanian regulators and not only. In our action, which is rather exacting, risky but at the same time stimulative we have started from the financial situations used in the past in the Soviet accountancy, we have taken into study the need for change and the chances the respective countries have had upon the transition to capitalism. Subsequently, we have channeled our efforts towards analysing the aspects revealing the evolution and progress achieved in the field of financial reporting systems. A great part of our paper refers to the developments and recent changes that can be identified in the system of financial reporting of the Polish, Czech, Hungarian and Romanian enterprises.