IMAGINEA FIDELA VERSUS FISCALITATE ÎN CONTABILITATEA
                 ROMÂNEASCA A ANULUI 2006 /
     TRUE AND FAIR VIEW VERSUS TAXATION IN 2006 ROMANIAN
                         ACCOUNTING

        Prof. univ. dr. Gheorghe Popescu – Academia de Studii Economice – Bucuresti
          Dr. Veronica Adriana Popescu – Academia de Studii Economice – Bucuresti
Drd. Cristina Raluca Popescu – Scoala Nationala de Studii Politice si Administrative – Bucuresti

        Abstract: In order to reflect the faithful image through annual reporting situations,
accounting must be lead taking into account its own principles without being distort by the
exceptional value adjustments exclusively with fiscal purpose. That is why there should exist a clear
difference between accounting and fiscality, meaning that the fiscal recognition of some expenses
must not be condition by the why they are reflected in accountancy.
        Even though it is formally accepted, the intention to separate bookkeeping from fiscality in
the process of implementation, is still difficult to put into practice. In this particular field, there
were seen spectacular and unhoped for progresses, immediately fallow by returns and
reinterpretation.
        We have tried to identify a few aspects in which fiscality interacts with the accounting field
in the matter of calculating the income tax. We have also tried to emphasize the progresses done in
the process of separating bookkeeping from fiscality. All in all, we have selected several arguments
brought into discussion by IASB in order to forbid the use of LIFO method in determining costs.

       Keywords: faithful image, fiscality, accounting.

       JEL Codes: M41, H30.