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Romanian Accounting - A Tale of Two Standards

Deac, Marius - In: Annals of the University of Petrosani, Economics 13 (2013) 1, pp. 89-98

accounting standardization as listed entities are required to use IAS/IFRS while non-listed entities use the national GAAP … differentiation as it doesn't allow the option for national accounting regulators the use of IFRS for SMEs. Romania, as a member of … 2001 and 2005 there was a strong interest towards the adoption of IAS/IFRS that went beyond the scope of EC Regulation No …

Persistent link: https://www.econbiz.de/10011067132

Improving the Quality of the Information Presented in Financial Statements by Using Information Technology

Dumitraș, Vasile - In: Annals of the University of Petrosani, Economics 11 (2011) 4, pp. 109-118

Information technology can contribute significantly to business efficiency, including also enterprise governance, through appropriate and effective use. In most cases, it is difficult to determine which technologies are relevant to business needs and the use of appropriate options is not always...

Persistent link: https://www.econbiz.de/10011066989

The Role of the Internal Audit in the Tourism Unit’s Risk Management Process

Răvaș, Bogdan - In: Annals of the University of Petrosani, Economics 11 (2011) 1, pp. 215-222

Management plans, organizes, and directs the performance of sufficient actions to provide reasonable assurance that objectives and goals will be achieved. Management periodically reviews its objectives and goals and modifies its processes to accommodate changes in internal and external...

Persistent link: https://www.econbiz.de/10011066998

Some Aspects Regarding Implications of IAS 2 "Inventory" in Romanian Acounting

Monea, Alin - In: Annals of the University of Petrosani, Economics 11 (2011) 4, pp. 183-190

This paper presents some aspects regarding inventories. In many business inventories are the most important assets. The accounting for inventories is a major consideration for many entities because of its significance on both the income statement (cost of goods sold) and the statement of...

Persistent link: https://www.econbiz.de/10011067014

The Accounting Treatment of the Tourism Unit’s Financial Statements in Agreement with the International Financial Reporting Standards

Răvaș, Bogdan - In: Annals of the University of Petrosani, Economics 11 (2011) 2, pp. 257-264

current or noncurrent distinction. Departure from the requirements of an IFRS is allowed only in the extremely rare … circumstance in which the application of the IFRS would be so misleading as to con-flict with the objectives of financial … from the IFRS. …

Persistent link: https://www.econbiz.de/10011067035

Fiscal and Accounting Implications of Income Tax in Romania

Monea, Alin - In: Annals of the University of Petrosani, Economics 11 (2011) 4, pp. 191-198

This paper presents some fiscal and accounting aspects of income tax like payers, applicability. It describe fiscal and accounting treatments of income tax and also IAS 12 treatment of tax income. Income taxes are an expense incurred in operating most businesses, and as such are to be reflected...

Persistent link: https://www.econbiz.de/10011067039

Correlation Analysis of the Audit Committee and Profitability Indicators

Fülöp, Melinda Timea - In: Annals of the University of Petrosani, Economics 13 (2013) 1, pp. 139-148

The main role of corporate governance is to restore market confidence and in this process plays an important role the audit committee. The purpose of this case study is to analyze the correlations between the Audit Committee and profitability indicators. Considering the achievement of the...

Persistent link: https://www.econbiz.de/10011067076

Accounting Public Institutions From Classic To Modern

Uţa, Tatiana; Coman, Narcisa - In: Annals of the University of Petrosani, Economics 10 (2010) 1, pp. 363-370

Local communities in Romania and around the world, faced with extensive decentralization of public services have turned into real management units which must meet the needs of increasingly diverse individuals, the insurance fund with limited resources. This has led to the identification of...

Persistent link: https://www.econbiz.de/10008853235

Internal Audit Comparative Analysis - Management Control Concepts

Jurchescu, Mihai-Dorel; Lesconi-Frumuşanu, … - In: Annals of the University of Petrosani, Economics 10 (2010) 1, pp. 129-136

Given Romania's integration into the European Union we consider it appropriate to clarify some terms used in auditing activities of both public funds and European funds. International practice requires a clear separation of internal audit activities from other management control concepts and...

Persistent link: https://www.econbiz.de/10008853239

Necessity And Reality Between Information Transparency In Performance SMEs To Track

Iacob, Constanţa; Simionescu, Silvia - In: Annals of the University of Petrosani, Economics 10 (2010) 4, pp. 117-124

accounting can be applied outside the application of IFRS subject of this article. …

Persistent link: https://www.econbiz.de/10008853232