In economic and financial communication, the common language is represented by accounting rules consenting the process of converting operations related to economic developments in figures (the position of the one who prepares financial reports) and a process of conversion of figures in economic transactions (situation of using financial statements). Therefore it occurs the necessary accounting normalization process, involving a complex of rules set to uniform criteria which are based on the representation and interpretation of the values of the financial reports. These rules, whether general or specific, or may derive from accounting practice can be established through legislation. The paper is presenting the harmonisation process of the national accountings to the international standards, as IAS and IFRS.


Financial reporting, accounting, International Accounting Standards, International Financial Reporting Standards.


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