Since the birth of the European Union the way people make business has changed. Globalization is no longer a key concept in economic development, but it has become a necessity. Accounting provides useful information to decision makers in companies and large corporations, therefore it has to keep...

In July 2009, during a deliberation which has been lasting for 9 years but it has not come to an end, yet, on the Foundation site for international accounting standards, the norm for small and medium sized enterprises has been published. Our paper deals with some aspects debated, respectively...

A directive is a decision of community law which has as purpose to harmonize all national law systems for the European Union member states. The Fourth Directive, adopted in 1978, refers through its articles to the accounting evaluation procedures, to the disclosed financial statements' format...