ACCOUNTING NORMALIZATION AT THE CONFLUENCE BETWEEN GLOBALIZATION AND NATIONAL REFORMS

Aura Emanuela Domil, Alin Emanuel Artene, Cristian Elian Peres, Corina Serban, Silviu Săplăcan

Abstract


In the recent years the normalization process has gained a profound international aspect by converging national regulations and standards and standardizing them for a better preparation of accounting financial statements.  This process is determined by the evolution of European’s Union and world economy characterized by interdependence of national economies by developing a so called “network capitalism”. In the context of monetary fiscal and political union within the EU, a supranational perspective can be foreseen regarding the capital market, production processes, with more and more integrated markets and economic entities which became global players with actions and decisions which overcome national borders. The process of globalization represents both certitude and a challenge for everyone. Normalization and convergence of accounting represents a progress towards economic growth, trough supporting global markets and attracting and retaining capital within companies. 


Keywords


Accounting normalization, IFRS, IASB

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References


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Copyright (c) 2015 Aura Emanuela Domil, Alin Emanuel Artene, Cristian Elian Peres, Corina Serban, Silviu Săplăcan

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LUCRĂRI ȘTIINȚIFICE MANAGEMENT AGRICOL

ISSN print 1453-1410
ISSN online 2069-2307
(former ISSN 1453-1410, E-ISSN 2069-2307)

PUBLISHER: AGROPRINT Timisoara, Romania
PAPER ACCESS: Full text articles available for free
FREQUENCY: Annual
PUBLICATION LANGUAGE: English

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