Financial reports in the perspective of Romanian accounting's harmonisation with international accounting standards and European directives

Balance Sheet is defined as a "board", that shows the financial statement of the a patrimony at a moment being, statement presented, using momentary units, the level of value of economical goods close related with their financial sources and with obtained result. The account of Profit and Losses shows very clear which is the situation of financial or commercial result of economic company reflected in profit or loss. In fact, the information obtained through data processing of the financial statements, are used for managerial decision making in the field of credit, investment processes etc. In the same time, the external users are informed about the solvability, rentability, liquidity and viability of economical company.