ROMANIAN PRACTITIONNERS AND THE USE OF ESTIMATES IN
              ROMANIAN BUSINESS ENVIRONMENT

                           Nicoleta Farcane, West University of Timisoara
                      Elena Iordache, Academy of Economic Sciences, Bucharest
                                Victoria Bogdan, University of Oradea


ABSTRACT: Our research is based on a survey conducted among accountants, in order to
investigate how the accounting profession feels in respect to the use of estimates at company level.
By conducting this research we tried to obtain a realistic view on estimates applied in companies
and on the degree of familiarity of Romanian accountants with estimation techniques, especially in
the three representative fields at micro-level, namely: financials, accounting and auditing. We also
intended to track down those fields of the estimation evaluation process where professionals face
major challenges and to come up with solutions eventually.

Key words: accounting profession, estimations, evaluation, financial reporting.

JEL codes: M41