ACCOUNTING POLITICS IN CONTEXT OF ANNUAL ACCOUNTS


         Associate Professor PhD Cernusca Lucian University „Aurel Vlaicu” of Arad,
                               luciancernusca_ro@yahoo.com
                   Professor PhD Mates Dorel, West University of Timisoara


        Abstract: Today, world accounting is undergoing a great reconciliation process, mostly
determined by the globalization phenomena of financial markets and economy. Romanian
accountancy couldn’t remain indifferent to the challenges that word accounting is facing due to
accentuation of globalization phenomena. Romania made no exception when its economy was
globalised and aligned with the European one. The period after December 1989 we witnessed two
phases of the Romanian accounting system reform. The first phase was a slow one, but with spasms
due to conflict between generations: innovators and conservators, pro-west and nostalgic of “the
socialist society multilateral developed”, pro-continental and pro-Anglo-Saxons.

       Key words: accountancy, accounting politics, annual accounts.

       Jel codes: M41, A19.




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