Posted on Feb 13, 2020
A new book for students and professional in finance and accounting has been published by Palgrave Macmillan (Springer), in December 2019: “Financial Accounting: an IFRS perspective in Romania” coordinated by Professor Adriana Dutescu. The foreword, provided by Hans Hoogervorst, Chairman of IASB, emphasises the importance of cultural differences in financial reporting and the impact of national “behaviour” in accounting: ”I salute the effort of Romanian academics, which has highlighted, in an effective pedagogical manner, the major outcomes of IFRS implementation in Romania, offering examples, proposing solutions and allowing a broad field of debate for the on-going controversies in the field” ( Hans Hoogerevort).
All seven authors Adriana Dutescu, Razvan Hoinaru, Georgiana Oana Stanila, Elena Nechita, Madalina Dumitru and Mirela Paunescu, have a solid academic background and a strong professional expertise, both at national and international level. Their contribution to the field is based upon their reinterpretation of accounting knowledge, embedded into best practice cases, within the Romanian environment.
The entire book is desiged to blend principles and concepts of International Financial Reporting Standards’ framework with techniques and practical tools that support business decisions. Each of the eleven chapters is structured in a logical, straightforward manner, starting with specific objectives, dissecting than spcific topics and providing cultural differences cases; in the end there are conclusions and summary issues, quizzes and complex cases for the readers to practice. Even though the IFRS system had been fully implemented in Romania (an EU member state from 2007), there are still some cultural differences that are in place and this book is helping readers to understand and assess these issues.
This academic effort has been endorsed by Robin Jarvis, Professor of Accounting and Finance, Brunel University, London, UK, Colin Haslam, Professor of Accounting, Queen Mary University of London, UK, Ovidiu Constantin Bunget, Professor of Accounting, Head of Accounting and Audit Department, West University of Timisoara, Romania and Adriana Tiron-Tudor, Professor of Accounting, Babes-Bolyai University, Cluj-Napoca, Romania, reviewers of the book.
We invite you to read and enjoy the new publication by this Romanian team.
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