Compatibility of the Romanian Accounting System with the Standard IAS/IFRS System

Steps in making the Romanian accounting system compatible with the ones used worldwide are determined especially by the new configuration of international economic relations, entering a process of generalized globalization, fuelled by the international movement of capital. We can therefore consider that the accounting system is in a phase of "historical conciliation", in which different accounting systems redefined the conceptual frame in their desire to meet new informational demands. The purpose of this article is to highlight and analyze the differences and the similarities that characterize the international IAS/IFRS accounting system and the Romanian national accounting system, and issues faced by all economic entities, regardless of the nature of their activity or size.