Switching from an accounting system based on compliance and enforcement of strict rules, to a system where the professional judgement plays a key role in the accounting recognition of assets and their disclosure can be a difficult exercise. Throughout history, Romania has moved through a winding...

Switching from an accounting system based on compliance and enforcement of strict rules, to a system where the professional judgement plays a key role in the accounting valuation and recognition of assets and liabilities can be a difficult exercise. After 1989, an accounting reform began in...

It has been suggested that accounting conservatism plays an important role in corporate governance. Our assumption is that conservative accounting is done by accountants that have a thorough understanding of basic conservative accounting. In our paper, we tested the attitude towards conservatism...

In this paper we look at accountants as “consumers of accounting regulations”. We explain the change in the accountants' attitude towards flexibility in the accounting regulation process, using a theory derived from social psychology: the Theory of Reasoned Action (TRA).In 1999 and 2005 we...

After the fall of communism, Romanian accounting has undergone several waves of reform. The first began with the 1991 Accounting Law and its 1993 Regulations implementing a French-inspired accounting chart and guidelines. The second wave of reform produced Regulations (in 1999 and 2001) for the...