DIFFERENCES BETWEEN DAS AND INTERNATIONAL ACCOUNTING STANDARDS REGARDING FIXED ASSETS TREATMENT

THE LEGISLATION ENVIRONMENT IN ROMANIA IS IN A PROCESS OF CONTINUOUS CHANGE, WITH THE AUTHORITIES MAKING NOTICEABLE EFFORTS IN ALLIGNING THE ACCOUNTING REGULATION TO THE EUROPEAN DIRECTIVES, ON ONE HAND AND IN REACHING CONVERGENCE WITH THE INTERNATIONAL ACCOUNTING FRAMEWORK, ON THE OTHER HAND. ALL THESE ACTIONS ARE SUBORDINATED TO THE OBJECTIVE OF CREATING A PROPER ENVIRONMENT FOR THE DEVELOPMENT OF ECONOMICE RELATIONSHIPS, MAKING ACOUNTING INFORMATION CREDIBLE, EASY TO UNDERSTAND AND RELIABLE, ESPECIALLY F OR THE INVESTORS.AN ACCOUNTING SYSTEM ALIGNED TO THE INTERNATIONAL REQUIREMENTS IS A SIGN OF A NORMAL ECONOMIC ENVIRONMENT. THUS THE LEGISLATOR AIMS AT MAKING ACCOUNTING INFORMATION COMPARABLE AND UNDERSTANDABLE BY ELIMINATING OR DECREASING TO THE MINIMUM THE DIFFERENCES BETWEEN DOMESTIC AND INTERNATIONAL REGULATIONS.

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