PRO AND CONTRA OPINIONS REGARDING A SME ACCOUNTING STANDARD

The IASB's proposed IFRS for SMEs opened an internationaleffervescent debate in academics and practitioners environments. In our research, weintent to collect pertinent evidence for pro and contra arguments and to investigatewhether the proposed IFRS for SMEs is likely to meet the needs of users of financialreports of SME. Our aim is to contribute to the SME accounting area of knowledge,knowing that very little research has been previously conducted looking specifically ofaccounting at SME level.accounting, international standard, SME

RELATED PARTY TRANSACTIONS - OVERVIEW

The purpose of the present investigation is to provide a short overview of themain implications arising from carrying related parties transactions: accounting reporting(related party disclosures - IAS 24), auditing (audit procedures for related partytransactions), taxation (issues regarding the transfer prices used for intra-grouptransactions). Although this research does not identify a problem with the scope to solve ithowever the utility might be observed by its contribution to the future developments, byproviding premises for forthcoming studies in the ‘related party transactions‘ field.Related party transactions, related party disclosures, transfer pricing

ARE ROMANIAN UNIVERSITIES PREPARING LEADERS IN ACCOUNTING?

In 2005, the Report on the Results of the Global Accounting Education Benchmarking Pilot Project, prepared by Phelps and Karreman, found that higher education institutions were not providing the leadership role necessary to close gaps in accounting educat: accounting education, leadership in accounting, GAEB Report, accounting curricula

Romanian accrual accounting experience in public higher education sector

The purpose of this paper is to present experiences from the use of accrual accounting information in the public higher education sector in Romania and, thus, to contribute to our understanding of the prospects for using that kind of accounting in public organizations.Public Sector, Accrual Accounting, Profession

IMPACT OF INTERNATIONAL FINANCIAL REPORTING STANDARDS ON ACCOUNTING PRACTICES HARMONIZATION WITHIN EUROPEAN UNION -PARTICULAR CASE OF INTANGIBLE ASSETS-

This paper is meant to study the impact of IFRS on accounting practicesharmonization, by measuring the degree in which different companies from Europe use samemethods when reporting their intangible assets. Therefore, the objective of the research is todemonstrate the existence of harmonizing tendencies between European Union member states, as aresult of IFRS adoption. The methodology implies Herfindahl Index computation for a sample of 51listed companies that develop their activity in five European countries. The results suggest theinfluence of International Financial Reporting Standards on accounting practices, as there isevidence of high harmonization level for intangible assets. Many of the analysed situationsrecorded if not maximum harmonizing values at least visible tendencies to harmonize accountingpractices.accounting, harmonization, intangible, measurement.

MANAGERIAL SKILLS OF AN E-LEARNING MANAGER

This article presents some findings of the E-Learning Manager (ELM) Project regarding the skills an e-learning manager should possess in order to achieve his/her mission. At this point the project is still in the first stage of it. For the design of the se-learning, management, skill set

PROFESSOR I.N. EVIAN-PRECURSOR OF ACCOUNTING SCHOOL FROM CLUJ

Our paper is about the history of accountancy in Romania, in Transylvania. We develop this subject because we consider that is very important to know about the history of your own country, and from our point of view about the history of accounting, which is a very important component of nowadays life. This work paper presents the history of the accountancy trought the study of biography. So by describing the work of professor I.N. Evian, who was an important personality for the accounting history in Romania, we want to found historical elements that are not so able to see otherwise. The article wants to highlight the impact that the work of professor Evian had in the history of accounting in Romania. Also, by presenting the work of professor I.N. Evian in the context of the Academy of High Commercial and Industrial Studies from Cluj, we want to prove that this institution was the first form of higher education in Transylvania in the accountancy field.accountancy, history, personalities, accounting theories

DEVELOPING AN ECONOMETRIC MODEL FOR MEASURING THE EVOLUTION OF INFORMATION DISCLOSURE - IAS 23 BORROWING COSTS -

According to the disclosure requests of IAS 23 Borrowing Costs, companies areto include the following elements within their annual reports: accounting policies adopted bythe firms, value of capitalization for borrowing costs and capitalization rate. This paperinvolves an empirical research, presenting the correlation that might exist at the level ofcompliance with IAS 23 and specific variables that characterize the activity of a company.The purpose of our investigation is to estimate and determine a statistic function that shouldconnect disclosure index measured for IAS 23 requests and a series of elements, namely:country of origin, total assets, turnover, ROA, ROE, debt rate and solvency. The researchmethodology assumes disclosure index determination and SPSS analysis. The findings suggestevidence of correlation with respect to the level of compliance in information disclosure andthe mentioned variables.information, disclosure, compliance, correlation

HOW TRANSPARENT ARE COMPANIES LISTED ON THE BUCHAREST STOCKEXCHANGE WHEN DISCLOSE THEM CONSOLIDATED FINANCIAL STATEMENTS?

The main objective of this paper is to examine the level of disclosure regarding theconsolidated financial statements in the case of Romanian listed companies. In order to measurethis, a multiple index was used that quantifies the level of dislosure a company has achieved. Themain conclusion, in accordance with our hypotheses is that the disclosure index is higher in thecase of first category of listed entities comparing with the second and third category.consolidated financial statements, IFRS, harmonization, disclosure

Investigation about the Complex of Related Party Transactions

The present investigation is aiming to provide a general overview of academic literature on related party transactions topic. The study is based on the positive perspective and on fundamental (descriptive – conceptual) research type. The main investigation techniques used were: the literature review, the documents analysis, the comparative analysis, the non-participative observation. The principal result is that the literature generally provides two opposite theories based on which the related party transactions could be explained, namely:  the efficiency theory and the conflict of interest theory. However, a recent investigation proposed the related party transactions to be explained under a contingency perspective, which implies the overlap of these two theories mentioned above