EIRP Proceedings, Vol 2 (2007)

Abstract

Starting from January 1, 2005, member countries of the European Union began the
obligatory or optional application of the international standards IAS/IFRS for consolidated accounts, what
means a revolution in financial reporting of the enterprises. In regards to the individual accounts (generaly
based on the national book-keeping standards) these will converge gadually to referential international bookkeeper
on short and medium term. At the world level the proces which dominates the accounting systems is the
convergence between american and international reference system, followed immediatly more or less by the
convergence between national accounting systems and the international one. Where Romania and its specialists
are situated confronting this proces? A reflection subject which finalises this article.