A Historical Overview of Accounting in Romania

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The purpose of this historical overview of the development of accounting in Romania was to account for the myriad changes in the Romanian approach to accounting from Ottoman to modern times. The main themes to emerge from the overview were as follows: (a) the development of Romanian accounting was stunted by the immature capitalism and wealth-transfer mentality of the Ottomans; (b) there was rapid and innovative development in Romanian accounting during the early years of Romanian independence; (c) Romania s post-World War Two experience of being a Soviet satellite undid the country s nascent accounting innovations; and (d) Romania has struggled to return to a path of accounting modernity even in the post-Ceausescu era.

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Romania , accounting , economy

Afyon Kocatepe University Journal Of Social Sciences

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Afyon Kocatepe University Journal Of Social Sciences