REGLEMENTĂRILE CONTABILE NAŢIONALE, CERINŢE ALE MODIFICĂRILOR DIRECTIVELOR EUROPENE
NATIONAL ACCOUNTING REGULATIONS, REQUIREMENT OF CHANGES IN EUROPEAN DIRECTIVES

Summary/Abstract: EU Member State normalizers have been required to bring into force the provisions of Directive 2013/34/EU of the European Parliament and of the Council of 26 June 2013 regarding annual financial statements, consolidated financial statements and related reports of certain types of companies. In this respect, in early 2015, Ordinance of the Public Finance Ministry (OPFM) no.1802/2014 came into force in Romania for the approval of accounting regulations on annual individual and consolidated financial statements. The main goals of the Directive aim at: lowering administrative costs, improving the comparability of annual financial statements at EU level, increasing the transparency on payments made to governments by entities operating in the extractive industry or in the primary forest exploitation sector. With such goals in mind, this paper shows how Ordinance of the Public Finance Ministry no.1802/2014 has taken the requirements of Directive 2013/34/EU of the European Parliament and of the Council and has adjusted them to the peculiarities of the business and financial environment in Romania.

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