2004 - facultatea de stiinte agricole , industrie alimentara si protectia ...

ACTA UNIVERSITATIS CIBINIENSIS - Seria ŞtiinŃe Agricole, vol. 1, nr. 1 (4), 2004
THE ACCOUNTANT INTERNATIONALIZING
Daniela Simtion
Universitatea “Lucian Blaga” Sibiu
*Facultatea de ŞtiinŃe Agricole, Industrie Alimentară şi ProtecŃia Mediului
ABSTRACT
The last decades are characterized by the acceptance of internationalization of capital
market and trade. On these terms the problem of understanding financial situations
beyond national boundaries is raised.
The International Accounting Standards Committee (I.A.S.C.) has been created in 1973,
in order to minimize the differences between national accounting methods and even to
create a common language for all companies (enterprises) in the world.
I.A.S.C. recommendations come with two benefits for national normalizers:
- serving as basis of reference in documentation and processing data;
- serving as support for a deep reflection on the objectives of accountancy.
Questions arising: Is it possible that the I.A.S.C. might create a common accountancy
language? Are there chances for it to become a reality? The French Specialist G.
Gélard thinks that we have to do with a myth. A unique accountancy language is as
utopian as a language common to all of us.
The International Accountancy came out of the preoccupations for international
harmonization of accountancy rules and practices.
It defines its content starting with international accountancy normalization.
The international accountancy normalization is the proceeding through which the rules
are norms that were imposed by the political, legal, economic, financial, social and
cultural milieu of each country – can be made compatible.
The essential factors for international accounting harmonization are: dualization of
economies, the process of enlarging the European Union and the growing globalization
of capital markets.
Using the International Accounting Standards Romanian Companies will be able to
communicate in an international accountancy language, which is to be understood by
investors. Applying it correctly and a severe financial audit can bring about more trust
for internal and international investors and cause the attraction of capital investment,
which are so necessary for our economy.