introduction of International Financial Reporting Standards (IFRS) and an increased move towards modern information technologies … implications for harmonization issues and accounting education in Romania …

The accession of Romania to EU – in 2007 - confirmed the mandatory application IFRS in the consolidated financial … statements of Romanian listed companies. From 2012, the application of IFRS is extended to the separate financial statements of … the listed companies. Applying the Gray index of comparability, we attempt to measure the impact of the transition to IFRS …

of Romania. We identified that respondents are aware of the benefits of IFRS application, 79.6% of indicating that the … their individual financial statements in conformity with IFRS by restating the information prepared in compliance with … national regulations. Moreover, starting 1st January 2013, these companies are applying IFRS as the basis of accounting. A …