The active societies from Romania have to elaborate the consolidated financial statements according to the … explanatory notes to the consolidated financial statements, especially regarding to the revaluation basis of the assets. Also, the … the consolidated financial statements. The results indicate that the two accounting frameworks in elaborating the …

, cultural, social, which made their mark on philosophy, doctrine and national accounting policies. Although financial statements … of financial statements. These factors have led to the use of different definitions of the structures of financial … statements, such as assets, liabilities, equity, revenues and expenses. Scope and disclosures in the financial statements were …

The general objective of financial statements is to provide information about the financial position, performance and … financial statements also present the results of resources management by the company’s management. For this reason, financial … as necessary interposing financial auditors with the main objective of increasing credibility of the financial statements …

units and their utilities indicate the need for analysis of consolidated financial statements of local governments and … liabilities and gross and net debt. Although the current Budget Law does not require formal preparation of consolidated financial … statements by local governments and their utility firms, consolidation is stipulated by International Public Sector Accounting …

correctelaboration of the consolidated financial statements taking into account the profit accrued tothird party. …