THE PARALLEL BETWEEN NATIONAL REGULATION AND INTERNATIONAL STANDARD FOR ACCOUNTING TREATMENT FOR PROPERTY, PLANT AND EQUIPMENT
THE PARALLEL BETWEEN NATIONAL REGULATION AND INTERNATIONAL STANDARD FOR ACCOUNTING TREATMENT FOR PROPERTY, PLANT AND EQUIPMENT

Summary/Abstract: The accelerating process of capital free market’s development and also the accentuation of the globalization phenomenon have imposed the continuous development of the Romanian accounting system. The goal was to fully harmonize the Romanian accounting with the European Directives and with the International Accounting Standards. In this paper I propose to discuss issues related to the similarities and differences between national the regulation according to OMFP 3055/2009 and IAS 16 standard for property, plant and equipment.

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