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The Role Of Accounting And Fiscal Policies In The Relations Between Accounting And Fiscality

Author

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  • Elena CIUCUR
  • Mariana GURAU

Abstract

The need to compile and approve the accounting policies in applying the accounting regulations is provided by the Order no. 3055/2009 for the approval of the accounting regulations consistent with European directives and applicable from January 1st, 2010. These policies should be developed considering the nature of the activity and should be developed by specialists from the economic and technical field who are familiar with the activity carried out and the strategy adopted by the entity and approved by the administrators of the economic entity. When choosing the accounting policies, one must consider the objective of the financial situations, namely to present the precise image of the financial position of the outcome as well as the modification of an entity’s financial position. Fiscal rules should not have any role in decisions on accounting policies adopted by the economic entity. Unfortunately, the accounting specialists still remain victims of the habit of thinking the economic transactions in terms of fiscality. There is an artificial dependence of fiscal accounting, maintained by the practice.

Suggested Citation

  • Elena CIUCUR & Mariana GURAU, 2012. "The Role Of Accounting And Fiscal Policies In The Relations Between Accounting And Fiscality," Business&Leadership, Scientific Society of Management from Romania, vol. 2(10), pages 75-84, March.
    • Handle: RePEc:ssm:journl:tome:10:y:2012:i:2(10):p:75-84
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    Cited by:

    1. Mariana Gurău & Maria Zenovia Grigore, 2020. "Empirical Study about Prudence and Aggressivity in Valuation," Global Economic Observer, "Nicolae Titulescu" University of Bucharest, Faculty of Economic Sciences;Institute for World Economy of the Romanian Academy, vol. 8(1), pages 63-67, May.
    2. Nicoleta Cristina Matei & Cantemir Răzvan Matei & Luminiţa Horhotă, 2017. "National and International Norms on Accounting Policies and Procedures Applicable to Amortizable Tangible Fixed Assets. Impact on Patrimonial Result," Global Economic Observer, "Nicolae Titulescu" University of Bucharest, Faculty of Economic Sciences;Institute for World Economy of the Romanian Academy, vol. 5(2), pages 103-112, December.

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