Transitional Economies: Banking, Finance, Institutions

By Yelena Kalyuzhnova; Michael Taylor | Go to book overview

5
The Recent Romanian Accounting Reforms: Another Case of Cultural Intrusion?

AlanRoberts


Introduction

The fall of communism in Romania was marked by a bloody uprising against the Ceauşescu regime at the end of 1989. The new governmental authorities then embarked rapidly upon a series of legislative reforms designed to develop a more market-based economy. By the end of 1991 the central accounting reform – in the shape of Accounting Law 82/1991 – was in place, although implementation of this Law took rather longer (the Implementation Decree (HG) 704/1993 required Romanian enterprises to operate under the Law from 1 April 1994). In common with other countries in Central and Eastern Europe, these reforms transformed the nature of accounting and financial reporting from one whose principal aim was ‘of providing financial statistics by enterprises for use in higher level budgets’ ( Garrod and McLeay, 1996, p. 1) to one with a more complex set of objectives involving the provision of financial information to the various stakeholders in enterprises and to government for the purposes of tax assessment and the formulation of economic policy.

Again in common with other countries in transition, Romania had to make a deliberate choice from the various ‘models’ of accounting and financial reporting which exist in Western Europe and, more generally, across the world.

It is a commonplace that, despite the attempts at harmonization and standardization undertaken by the EU and the IASC, there is still a diversity of accounting regulation and practice between different countries in the world, a diversity which has spawned over the last 30 years a

-146-

Notes for this page

Add a new note
If you are trying to select text to create highlights or citations, remember that you must now click or tap on the first word, and then click or tap on the last word.
One moment ...
Default project is now your active project.
Project items

Items saved from this book

This book has been saved
Highlights (0)
Some of your highlights are legacy items.

Highlights saved before July 30, 2012 will not be displayed on their respective source pages.

You can easily re-create the highlights by opening the book page or article, selecting the text, and clicking “Highlight.”

Citations (0)
Some of your citations are legacy items.

Any citation created before July 30, 2012 will labeled as a “Cited page.” New citations will be saved as cited passages, pages or articles.

We also added the ability to view new citations from your projects or the book or article where you created them.

Notes (0)
Bookmarks (0)

You have no saved items from this book

Project items include:
  • Saved book/article
  • Highlights
  • Quotes/citations
  • Notes
  • Bookmarks
Notes
Cite this page

Cited page

Style
Citations are available only to our active members.
Buy instant access to cite pages or passages in MLA, APA and Chicago citation styles.

(Einhorn, 1992, p. 25)

(Einhorn 25)

1. Lois J. Einhorn, Abraham Lincoln, the Orator: Penetrating the Lincoln Legend (Westport, CT: Greenwood Press, 1992), 25, http://www.questia.com/read/27419298.

Cited page

Bookmark this page
Transitional Economies: Banking, Finance, Institutions
Table of contents

Table of contents

Settings

Settings

Typeface
Text size Smaller Larger Reset View mode
Search within

Search within this book

Look up

Look up a word

  • Dictionary
  • Thesaurus
Please submit a word or phrase above.
Print this page

Print this page

Why can't I print more than one page at a time?

Help
Full screen
/ 256

matching results for page

    Questia reader help

    How to highlight and cite specific passages

    1. Click or tap the first word you want to select.
    2. Click or tap the last word you want to select, and you’ll see everything in between get selected.
    3. You’ll then get a menu of options like creating a highlight or a citation from that passage of text.

    OK, got it!

    Cited passage

    Style
    Citations are available only to our active members.
    Buy instant access to cite pages or passages in MLA, APA and Chicago citation styles.

    "Portraying himself as an honest, ordinary person helped Lincoln identify with his audiences." (Einhorn, 1992, p. 25).

    "Portraying himself as an honest, ordinary person helped Lincoln identify with his audiences." (Einhorn 25)

    "Portraying himself as an honest, ordinary person helped Lincoln identify with his audiences."1

    1. Lois J. Einhorn, Abraham Lincoln, the Orator: Penetrating the Lincoln Legend (Westport, CT: Greenwood Press, 1992), 25, http://www.questia.com/read/27419298.

    Cited passage

    Thanks for trying Questia!

    Please continue trying out our research tools, but please note, full functionality is available only to our active members.

    Your work will be lost once you leave this Web page.

    Buy instant access to save your work.

    Already a member? Log in now.

    Oops!

    An unknown error has occurred. Please click the button below to reload the page. If the problem persists, please try again in a little while.