CONVERGENTA VS. ARMONIZARE CONTABILA- IMPLICATII ÎN
               SECTORUL ASIGURARILOR /
ACCOUNTING CONVERGENCE VS. ACCOUNTING HARMONIZATION –
         IMPLICATIONS IN THE INSURANCE SECTOR

            Lect. univ. drd. Daniel Stefan - Universitatea „Petru Maior” Tg- Mures,
                                     daniel.stefan@ea.upm.ro
          Asist. univ. drd. Ovidiu Spatacean - Universitatea „Petru Maior” Tg- Mures,
                                spatacean_ioanovidiu@yahoo.com
              Ec. dr. Decebal Manole Bogdan - Director, ASIROM- suc. Jud. Cluj
                  Ec. Mariana Nandrea - Contabil sef, ASIROM- suc. Jud. Cluj

        Abstract: Recent evolutions concerning globalization process are confronted with a series
of intense controversies, particularly in the financial markets area. From this perspective, the
insurance sector could not be avoided, due to its financial reporting particularities, which need
specific adjustments to international financial reporting standards and European directives. The
paper focuses on aspects, such as:
        -differences of perception between concepts as convergence and harmonization, in matters
of financial and accounting reporting standards, emphasizing the opportunities of adopting them at
the level of Romanian insurance companies ;
        -the needs and the coordinates of translating either the IFRS issued by International
Accounting Standards Board, or the European directives under the requirements of integration
process.

       Keywords: globalization, insurance sector, financial reports, IFRS.

       JEL Codes: M41.