Economics, Econometrics and Finance
4 years ago

Global Accounting Harmonization Key for Foreign Investors in Romania's Construction Sector.

Harmonization Of Accounting Systems, A Need For The Foreign Investors In Romania
Oana Bogdan

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The article discusses the importance of harmonizing accounting systems for foreign investors in Romania. It highlights the need for a global accounting language to make financial information easily understandable for stakeholders worldwide. The construction sector plays a significant role in the economy, and having consistent accounting practices is crucial for investment decisions. The implementation of international accounting standards in the EU is examined to show the importance of a common accounting language for regional development.