Paradigms of the Concepts and Principles Substantiating the Elaboration and Presentation of the Financial Reporting Situations

The present article deals with a number of existing paradigms of the concepts and principles substantiating the elaboration and presentation of the financial reporting situations throughout the world. There are presented and commented the accounting postulates, principles, conventions and doctrines, available in different accounting systems, both across the European continent, and across the American continent. The present article concludes with the authors’ comments on the accounting concepts and principles substantiating the preparation of the financial synthesis and financial reporting documents.