Abstract:
Many accounting principles and norms applied in nowadays
accounting practice in Romania are more criticized according to accounting
fundamental goal: faithful reflection of financial position units and situation.
Derogation from accounting prescriptions constitute the compromise
accepted by normalizing factors that creative accounting may use, in order to
give financial situations information the required fidelity. Accounting
normalization is outrun by the evolutions registered in economy and society.
Since most economic situations have accounting consequences, finding
solutions to new problems, even temporary ones, constitutes an
unquestionable progress factor. Creative accounting solutions may constitute
the support of a subsequent normalization. Creativity in accounting is
natural in the evolutionary process of every socio-economic domain. What is
the limit to which it can go is difficult to say. This depends on the effects that
it produces on the ones interested on the accounting information. Ethics has
an important role to play for keeping some reasonable limits regarding
creative accounting. Creativeness is a virtue as long as it is used for finding
better ways of solving the conflicts, of course with the condition of respecting
the truth, even if this truth is only relative. At the beginning of
synchronization the accountable Romanian system with the IASB concepts,
regarding the accountable reform in Romania, the direction which this
reform was going to take was uncertain, or even unknown. It was presumed
that the British, being real specialists asked to contribute to the reform would
bring with them the spirit of Anglo-Saxon accounting. This aspect was
particularly favorable, being set in the realities of the actual period of time.
