The financial assets accepted with the purpose of being financed by the national bank of Romania. approaches regarding the application of international accounting standards by Romanian banking institutions

Abstract

Since 1991, the reform initiated by the Romanian banking accounting hasn’t stopped. It’s a corollary of harmonization, convergence and normalization processes, being present by the taking over of normative acts, which have as purpose the compliance of the Romanian accounting system to the International Accounting Standards. The year 2012 is supposed to generate great changes in the accounting policies adopted by Romanian banks, in such a way that the last will have to apply the IAS.This work aims at approaching, by a case study, the issues related to those financial assets accepted to be financed by the National Bank of Romania, once that the Romanian banks will be applying the IAS.