|29th IBIMA Conference
3 - 4 May 2017
The Impact of Accounting Harmonisation and Conformity on Financial Reporting for Entities in the Construction field in the Western Region of Romania
–The Accountant’s Perception
Oana Bogdan, Aura Domil and Dorel Mateş,
Based on the idea that each nation has its own accounting system and its own way of presenting information within financial situations, in order to achieve a process of accounting harmonization and conformity, one must identify the factors that influence financial reporting at a global level, with the purpose of transforming them, so that a set of accounting norms are generated. These norms are meant to ensure a homogenous way of presenting information. To this purpose, national, regional and international entities have supported the initiative of the International Accounting Standards Board, IASB, of putting together a coherent set of accounting standards, applicable to listed or large entities, regardless of the accounting system they belong to and the geopolitical space within they operate.