The Use of the IFRS’s Techniques and Concepts in the Individual Annual Financial Statements of the Dâmboviţa County Companies

Abstract

After the 1990s, Romania has recorded major changes in the domain of accounting, taking over and adopting models with foreign influences, first of all of French origin, then with Anglo-Saxon influences. In this context, this material aims to analyze the way the accounting policies specific of international accounting are applied in the set of individual situations of the Dâmboviţa County companies, having for a starting point the reality according to which the provisions of Romanian regulation no. 1802/2014 took over, at least on the level of definitions and concepts, IAS/IFRS elements.