CONVERGENCE AND DIVERGENCE BETWEEN ACCOUNTING AND TAXATION IN ROMANIA

A first step in addressing the relation between accounting and taxation is to describe the main traditional accounting models, namely continental accounting model and the Anglo-Saxon accounting model. The Continental model, agreed in our country, stipulates that the state is the one who is the primary user of accounting information and it is subject to the rules while the Anglo-Saxon accounting model takes into account the financial resources of the entities that are procured by the capital market, market responsive to accounting information, which determines that the true image is fundamental. Today we speak of reconciliation between taxation and accounting that is based on IFRS. According to some Romanian specialists, achieving reconciliation between the two areas can be accomplished in a manner that focuses both on providing fiscal security (entities comply with tax requirements), but also on ensuring at the same time a tax effectiveness (orientation to a fiscal cost directly related to the entity's strategy). By analyzing the Romanian and foreign literature we have identified three possible ways of expression between accounting and taxation, namely: - accounting influences taxation. - taxation influences accounting; - accounting depends on taxation; Whatever the case discussed, the unanimous opinion is that, whatever the manifestation between accounting and taxation, they are closely linked.