CHALLENGES OF ENVIRONMENTAL ACCOUNTING AND TAXATION IN ROMANIA

Environmental problems that have arisen all over the world are concerning many controversial aspects that were created due to the advance of industrialization in tandem with scientific and technological development. For solving these problems, in the past 40 years many international and national organizations have adopted a substantial and diverse range of environmental measures aimed to improving the quality of the environment. Our research aims to highlight how Romanian authorities face the problems regarding environment. To accomplish our objective we trace two main directions of the study, firstly we conduct an analytical investigation of green accounting regulations and secondly we describe the environmental fiscal policy at national level and their impact on Romanian companies.environment, green accounting, fiscal policy, regulations

Budgetary and accounting experience in public sector- comparative case study

During the last decade the public sector has been affected by the introduction of significant reforms in the public accounting system in the international context. During the reform process different countries have put into practice numerous intermediate variants between the extremes of cash and accrual budgeting and accounting. The reasons for the different national systems may be due to the culture, the historical background or the structural elements of these countries. Also the specific objectives and the principal users of the financial reporting, the financial resource suppliers and the influence of public accounting regulatory bodies imply different national accounting systems. In the Western democracies there are two main broad styles of public management: Anglo-American and European Continental types. The paper presents the United Kingdom accrual accounting model adopted in the public institutions (an Anglo-Saxon country) by comparison with the Romanian one (a Continental European country). In this paper there will be taken into account some case studies of two public institutions: one from United Kingdom and the other from Romania. The paper tries to emphasize the differences and the similarities between the two countries accounting systems as well as the lessons learned from the United Kingdom accounting system regarding the implementation of the accrual accounting in public sector.accrual accounting, public public sector, the United Kingdom, Romania, International Public Sector Accounting Standards.

Investor relations on the internet. An empirical study of Romanian listed companies

Corporate disclosure is critical for the functioning of an efficient capital market (Healy & Palepu, 2001) and investor relations has more and more importance in comunication between company and its investors. In recent years many publicly traded companies use internet as a new channel to inform current and potential investors about their financial performance. In this paper we investigate the extent to which Romanian listed companies use internet for investor relations purposes. To achieve this goal we carried out an investigation of the Romanian companies listed on Bucharest Stock Exchange (BSE) and data from all the listed companies have been collected. The objective of our paper is to identify the stage Romanian listed companies are as regarding the internet advantages they use for disclosing information for their investors. The results suggest that is a poor use of internet advantages for investor relations.investor relations, listed companies, corporate reporting, disclosure, internet.

THE IMPACT OF COHESION POLICY AND OF MEMBER STATES EFFORT ON COMPETITIVENESS

To meet the challenges generated by globalization and the technological progress, the European cohesion policy through its financial instruments is a source of competitiveness, as it implements anticipation strategies in terms of research-development, innovation, firms’ competitiveness improvement, economic reorganization, in conditions of ensuring the social composition by creating new jobs. The paper analyzes the impact of EU financial effort combined with public and private national effort on the competitiveness of some European Union member states. Quantitative research carried out by econometric modeling confirms a correlation between the considered states score of competitiveness and the financial resources allocated for the objective Regional competitiveness and employment, the primary role exercised by the public and private sector contribution of states and the need to increase the European funds allocated to improve competitiveness and to achieve a prosperous economy based on knowledge.competitiveness; cohesion; structural funds

CHALLENGES OF ENVIRONMENTAL ACCOUNTING AND TAXATION IN ROMANIA

Environmental problems that have arisen all over the world are concerning many controversial aspects that were created due to the advance of industrialization in tandem with scientific and technological development. For solving these problems, in the past 40 years many international and national organizations have adopted a substantial and diverse range of environmental measures aimed to improving the quality of the environment. Our research aims to highlight how Romanian authorities face the problems regarding environment. To accomplish our objective we trace two main directions of the study, firstly we conduct an analytical investigation of green accounting regulations and secondly we describe the environmental fiscal policy at national level and their impact on Romanian companies

Empirical study of instagible assets in romanian municipalities

While economies are becoming more and more knowledge based, investment in intangibles assets becomes important tools for management if they are properly measured and recognized. While the literature states that the economic success is based on the effective utilization of intangible assets, in the public sector there is low level of interest in their identification, measurement and disclosure. In the light of the theoretical evidences, the purpose of our research is to verify the developed stage of intangible assets process in Romanian municipalities as regards the awareness, measurement and disclosure in 2012 annual reports. Also, the paper presents the most influential factors of intangible assets information disclosure. In order to do this, a disclosure index has been created, based on the requirements related to the intangible assets, taking into account the referential of Romanian regulations (OMFP 1917 updated) and International Public Sector Accounting Standards The research is based on content analysis and in-depth interviews methods for collecting data from the 104 Romanian municipalities. The analysis led to the conclusion that the disclosure index of intangible assets is 0.28, where the municipality population and assets are the variables that are considered explanatory of the variation of the disclosure index in the regression analysis performed. There were identified no supplementary measurement ways of intangible assets voluntary disclosed, although the Romanian municipalities present some characteristics related to intangible assets. While management control is more and more important in local public administration, aiming to improve internal performance, the measurement and disclosure of intangible assets becomes a goal