The Advantages and the Limits of Implementing the Simplified Accounting System in Romania

Lately, at the international level, the accounting has been submitted to a comprehensive process of convergence and reconfiguration, which aims to eliminate the disagreements between different accounting systems. The accounting for the SMEs also joined this mechanism, when the IASB developed the IFRS for SMEs in 2009. On the same line, in 2011, the Romanian Finance Minister issued the Order no. 2239 for the approval of the simplified accounting regulations, which addresses to the small and the medium entities. The objective of this study can be defined on two levels: in the first part of the paper, we will present the conclusions resulting from the comparative analysis of the provisions of the Order no. 2239/2011 and the Order no. 3055/2009, while in the second part, we will summarize the results that we obtained as a result of a positive type research, embodied in an empirical study, which highlights the position of the accounting professionals accountants in Romania towards the implementation of the simplified accounting system