EUROPEAN ACCOUNTING REGULATION - HISTORY AND PERSPECTIVES
The first directive regarding the financial reporting at the level of European Union is published in 1978 (The Fourth Directive) and whereas its content does not refer to the group companies, this directive was supplemented by another directive (The Seventh Directive) published in 1983. The two dire...
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| Format: | Article |
| Language: | deu |
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University of Oradea
2014-07-01
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| Series: | Annals of the University of Oradea: Economic Science |
| Subjects: | |
| Online Access: | http://anale.steconomiceuoradea.ro/volume/2014/n1/067.pdf |
| _version_ | 1811298624186875904 |
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| author | Mariana Farcas Luminita Rus |
| author_facet | Mariana Farcas Luminita Rus |
| author_sort | Mariana Farcas |
| collection | DOAJ |
| description | The first directive regarding the financial reporting at the level of European Union is published in 1978 (The Fourth Directive) and whereas its content does not refer to the group companies, this directive was supplemented by another directive (The Seventh Directive) published in 1983. The two directives regulate in parallel the issues concerning the preparing of the annual financial statements of individual companies, respectively of the group companies. Since 2008 have begun to take shape the point of views regarding the need of the development and publication of some regulations to simplify and to reduce the administrative burdens of the companies, including on the issue of financial reporting. The steps in the direction of simplification of the regulation in accounting area have resulted in June 2013 in The 34th Directive regarding the annual financial statements, the consolidated financial statements and the related reports of certain types of companies. As a member of the European Union, Romania must take into account the implementation of the European legislation in all areas, including in the field of accounting. In this respect, The Fourth Directive regarding the annual accounts of certain types of companies and The Seventh Directive regarding the consolidated accounts have been transposed into Romanian legislation since 2006 through OMFP 1752/2005 when the Romanian accounting regulations have become in accordance to the European directives and not only harmonized with these, and OMFP 3055/2009 brings additional information concerning the rules relating to the consolidation of accounts. |
| first_indexed | 2024-04-13T06:22:52Z |
| format | Article |
| id | doaj.art-b665c4b93fd3489190ffdddb1f682b86 |
| institution | Directory Open Access Journal |
| issn | 1222-569X 1582-5450 |
| language | deu |
| last_indexed | 2024-04-13T06:22:52Z |
| publishDate | 2014-07-01 |
| publisher | University of Oradea |
| record_format | Article |
| series | Annals of the University of Oradea: Economic Science |
| spelling | doaj.art-b665c4b93fd3489190ffdddb1f682b862022-12-22T02:58:35ZdeuUniversity of OradeaAnnals of the University of Oradea: Economic Science1222-569X1582-54502014-07-01231625631EUROPEAN ACCOUNTING REGULATION - HISTORY AND PERSPECTIVESMariana Farcas0Luminita Rus1 University of OradeaUniversity of Oradea,Universitatea 1 Decembrie 1918 Alba IuliaThe first directive regarding the financial reporting at the level of European Union is published in 1978 (The Fourth Directive) and whereas its content does not refer to the group companies, this directive was supplemented by another directive (The Seventh Directive) published in 1983. The two directives regulate in parallel the issues concerning the preparing of the annual financial statements of individual companies, respectively of the group companies. Since 2008 have begun to take shape the point of views regarding the need of the development and publication of some regulations to simplify and to reduce the administrative burdens of the companies, including on the issue of financial reporting. The steps in the direction of simplification of the regulation in accounting area have resulted in June 2013 in The 34th Directive regarding the annual financial statements, the consolidated financial statements and the related reports of certain types of companies. As a member of the European Union, Romania must take into account the implementation of the European legislation in all areas, including in the field of accounting. In this respect, The Fourth Directive regarding the annual accounts of certain types of companies and The Seventh Directive regarding the consolidated accounts have been transposed into Romanian legislation since 2006 through OMFP 1752/2005 when the Romanian accounting regulations have become in accordance to the European directives and not only harmonized with these, and OMFP 3055/2009 brings additional information concerning the rules relating to the consolidation of accounts.http://anale.steconomiceuoradea.ro/volume/2014/n1/067.pdfdirectives, annual accounts, consolidated accounts, financial statements |
| spellingShingle | Mariana Farcas Luminita Rus EUROPEAN ACCOUNTING REGULATION - HISTORY AND PERSPECTIVES Annals of the University of Oradea: Economic Science directives, annual accounts, consolidated accounts, financial statements |
| title | EUROPEAN ACCOUNTING REGULATION - HISTORY AND PERSPECTIVES |
| title_full | EUROPEAN ACCOUNTING REGULATION - HISTORY AND PERSPECTIVES |
| title_fullStr | EUROPEAN ACCOUNTING REGULATION - HISTORY AND PERSPECTIVES |
| title_full_unstemmed | EUROPEAN ACCOUNTING REGULATION - HISTORY AND PERSPECTIVES |
| title_short | EUROPEAN ACCOUNTING REGULATION - HISTORY AND PERSPECTIVES |
| title_sort | european accounting regulation history and perspectives |
| topic | directives, annual accounts, consolidated accounts, financial statements |
| url | http://anale.steconomiceuoradea.ro/volume/2014/n1/067.pdf |
| work_keys_str_mv | AT marianafarcas europeanaccountingregulationhistoryandperspectives AT luminitarus europeanaccountingregulationhistoryandperspectives AT europeanaccountingregulationhistoryandperspectives AT europeanaccountingregulationhistoryandperspectives |