Title: Romanian accounting profession: erudition and perspectives

Authors: Dumitru Matis; Kieran James; Razvan V. Mustata; Carmen Giorgiana Bonaci

Addresses: Faculty of Economics and Business Administration, Babes-Bolyai University, 58-60 Teodor Mihali Street, 400591 Cluj-Napoca, Romania. ' Faculty of Business, School of Accounting, Economics and Finance, University of Southern Queensland, Toowoomba Campus, Australia. ' Faculty of Economics and Business Administration, Babes-Bolyai University, 58-60 Teodor Mihali Street, 400591 Cluj-Napoca, Romania. ' Faculty of Economics and Business Administration, Babes-Bolyai University, 58-60 Teodor Mihali Street, 400591 Cluj-Napoca, Romania

Abstract: Accounting, the accounting system and the accounting profession are all dimensions, which are deeply influenced by economic, social and political evolutions of the Romanian existence from the first considered paper within Romanian accounting literature (1792) until today. We therefore set out our attempt at following how changes in political ideology and other related influential factors induce significant changes in all this above-mentioned dimensions. Historical realities lead us from the Romanian provinces, to monarchy, communism and today's savage capitalism. Historical realities prove to be a significant force for maintaining national accounting values and culture, regardless of their amplitude at a certain time in their evolution. Beyond accounting profession's evolution, development and positioning within the field of accounting, our study provides a critical analysis on the accounting profession's capacity of contributing to the evolving of the so-called global accounting standards, undertaken by IASB. We therefore suggest the utilisation of a system for quantifying the capacity of the national accounting profession to participate at developing the global accounting environment.

Keywords: accounting profession; national accounting values; culture; historical realities; Romania; accounting standards.

DOI: 10.1504/IJCA.2012.046378

International Journal of Critical Accounting, 2012 Vol.4 No.2, pp.120 - 144

Published online: 07 Aug 2014 *

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