THE IAS/IFRS STANDARDS SYSTEM BETWEEN HARMONIZATION AND DEFORMITY

The development of competition, the globalization and the growth and integration of the capital markets require comparable accounting information based on superior- quality standards, an accounting information to consolidate and not to obstruct the global efficiency of the market .The obligatory adoption of the current IAS/IFRS norms for the creation of the financial statements of the European companies- and especially of the listed ones- are a necessary step for the full integration of the financial markets of EU member state. The 4th and 7th CE directives contributed to the harmonization of the base accounting information of the stock companies, determining a general improvement of the European accounting norms quality, and this due to the greater comparability of the companies' account, which eased the activity of the trans-border companies.IAS/IFRS norm, accounting information, deformity.

EVALUATION OF TANGIBLE ASSETS IN THE NATIONAL ACCOUNTING LEGISLATION AND IFRS

Since the accounting regulations complying with the European directives approved by Order No. 1.802 / 2014 of the Minister of Public Finance, effective from 1 January 2015, make significant changes and additions compared to the old provisions (OMFP No. 3.055 / 2009, as amended and supplemented), we consider it necessary to present some regulations that have been amended or supplemented with appropriate annotations, modifying regulatory acts that may be useful to many entities and individuals applying these regulations as compared to those that have already implemented IFRS

ACCOUNTING TREATMENT OF WEB DESIGN ACCORDING TO INTERNATIONAL STANDARDS OF FINANCIAL REPORTING IAS / IFRS. AN INTERNATIONAL AND NATIONAL APPROACH

Great think regarding the Internet is the speed with which it has penetrated into our daily lives. History of the Internet began in 1960 but only in the early'90 the Internet has evolved to the point that we see today. An open society means also the rightweb design evaluation,recognition of web desing, accounting tretment of web design, international approach, national approach

INTERPRETATIONS RELATED TO THE DEVELOPMENT OF THE ECONOMIC AND FINANCIAL COMMUNICATION ON A GROUP LEVEL

The financial crisis that was triggered in July 2007 has had serious repercussions and negative consequences on the global economy, with severe effects that are still visible more than four years later and mainly consist in the inability of most countries to overcome this distressing situation. Under such circumstances, financial markets worldwide have recorded high increases in the fluctuation of securities and stock indicators, an occurrence that has worsened lately due to the crisis that has wreaked havoc in the finances of European countries. Thus, economic systems have had to observe a series of criteria that represent both the lever and the fundamental rules of organisational behaviour. Only by meeting these criteria can a company establish potentially positive relationships with its partners. The main objective of this paper is to emphasize and analyse the role and the importance of economic and financial communication in the new international framework, to create a common language between large, medium and small sized enterprises and thus ensure the free circulation of capital and workforce. Another additional objective is to support the development and improvement of the economic and financial communication by designing a Balanced Scorecard model founded on five pillars and covering certain subject areas that are vital for the proper development of the main activities and for improving the company image, particularly when interacting with business partners

FAIR VALUE VERSUS HISTORIC COST: ADVANTAGES AND DISADVANTAGES

For any Romanian specialist who is in a high stage regarding the perception and understanding of international accounting standards, it is quite easy to realize that at their basis are two important categories of principles: the principles of recognition and the principles of measurement. Recognition is the process of incorporating an accounting element in an entity's financial statements. This process is an indispensable process for the entity, but using the methods used within it, the entity may alter, "cosmetize" and artificially reinforce its financial ratios

THE PARTICULARITIES OF FINANCIAL COMMUNICATION IN THE RETAILS COMPANIES

The communication process plays an essential role in the retail sector and beyond; ever increasing global competition and changes in the behavior of consumers and economic instability, all have caused major retail companies to adopt a manner of external communication that is more complete, efficient and appropriate. The purpose is to increase the effectiveness of activity, both from an operational standpoint, and in relation to customer service, with final objective to manage the available resources in an integrated and systematic manner, towards improving processes and business performance

The Open Society, Institutions and Economic Performance

 Developement and electronic prosperity illustrates undoubtebly nodal objectives of every nation wolrdwide. Economic freedom and democracy are the proper way to achieve such performances in an open society but in conditions of risk high uncertainty and information asymmetry. In such terms the laissez - faire policy requires institutional support in order to facilitate social relations integrity, honesty between economic agents, the rule of law and a stable and efficient economic climate able to generate thrust and development. The purpose of this paper is to highlight the major contributions of institutions to the economic performance of a free society where life is guided by the invisible hand of the market and spontaneous discipline in oreder to emphasize that order might be compatible with freedom but also with the idea of economic progress

The development of the steel industry enhanced by the flows of foreign direct investment (FDI)

Despite the international economic crisis, the European Union has managed to maintain its important position in the world exports of metalwork manufactures, with slight imbalances recorded on its markets in 2010 and under circumstances of little importance for western European economies that have been actively competing with the Chinese economy. The metalworking industry is an important engine for the European economy, since it accounts for 10 % of the total added value of the manufacturing industries which amount to 7,5 % of its output volume. The present paper focuses on the role and the contribution of foreign direct investments (FDI) to the development and growth of this particular sector in the domestic economies of the EU