Annualy/Yearly Financial Situations in European Frame

Paliu-Popa, Lucia and Cumpănaşu , Petruţa-Elena (2008): Annualy/Yearly Financial Situations in European Frame. Forthcoming in: ECO-TREND 2008

Abstract

The primary objective of accounting is to provide information in order to ensure a fair, clear and full image of heritage, financial position and results of the entity, to all interested parties, ensuring "transparency" of accounting information to all the interested people. This objective can be achieved by periodic preparation of summary documents and accountin reporting, which over time have worn different names such as balance sheet, annual financial statements or annual accounts. Starting from this consideration, in this paper we proposed to approach in terms of theoretical importance, the role and principles of the annual financial statements with new accounting regulations in accordance with EU Directives.

• Item Type: MPRA Paper
• Language: English
• Keywords: Financial Situations, European Frame
• Subjects: M - Business Administration and Business Economics; Marketing; Accounting > M4 - Accounting and Auditing > M41 - Accounting

References

Paliu-Popa, L. Financial Accounting harmonized, tome II, Romanian Spirit Publishing House, Craiova, 2003

Pantea, P., Bodea, G. Romanian financial accounts in line with EU Directives, Publishing House Intelcredo, Deva, 2006

Accounting Law no. 82/1991 revised and updated

Ministry of Public Finance Order no. 1752/17.11.2005 Accounting Regulations for approval in accordance with European Directives

Order of the Ministry of Economy and Finance no. 2374 of 12 December 2007 to amend and supplement the Minister of Public Finance Order no. 1752/2005 for the approval of accounting regulations in accordance with European directives