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ISSN: 2344 - 102X
ISSN-L: 2344 - 102X
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Article from Volume 7, Number 3, Year 2019| SHORT REVIEW ON THE PROCESS OF REPORTING ANNUAL FINANCIAL STATEMENTS IN ACCORDANCE WITH THE ACCOUNTING REGULATIONS IN ROMANIA | 
Download | | Author(s): Elena Hlaciuc | | DOI: 10.4316/EJAFB.2019.7310 | | Abstract: The annual financial statements represent the final result of the efforts made by professional accountants, in order to provide a more reliable image of the entity, an image based on transparency, objectivity and professionalism. The preparation of these financial statements, as well as the full organization of a company's accounts, could not be possible without the existence of benchmarks, benchmarks materialized in the form of regulations and orders in national law, as well as in the form of European directives and international reporting standards. The purpose of this paper is to emphasize the need to comply with accounting regulations in maintaining a professional reasoning based on ethics and moral conduct, but also to highlight the role of quality accounting information in decision-making by users of accounting data. In this sense, I will present the legal provisions of the financial statements in Romania, but also the criteria according to which the economic entities are classified, a classification that highlights the elements that form the complete set of annual financial statements. | | Keywords: Annual Financial Statements, Legislative Regulations, Categories Of Entities, Users Of Accounting Information | References:
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6. ***Law No. 82/1991, Republished, With Subsequent Modifications And Completions.
7. ***OMPF No. 3055/2009, With Subsequent Modifications And Completions.
8. ***OMPF No. 2239/2011, Which Approves The Regulations Regarding The Application Of The Simplified Accounting System.
9. ***OMPF No. 40/2013 –The Main Aspects Of Preparing And Submitting The Annual Financial Statements And The Annual Accounting Reports Of The Economic Agents On 31.12.2012.
10. ***OMPF No. 1802/2014 – Accounting Regulations Regarding The Individual Annual Financial Statements And The Consolidated Annual Financial Statements.
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