Acta Universitatis Danubius. Œconomica, Vol 6, No 2 (2010)

Accounting - a Normative Representation of Economic Reality?

Gianina Roman


Accounting is currently a very dynamic field internationally. Accounting information or its
derivatives comprises an important segment of the information conveyed in the economic environment.
Therefore, accounting is considered by some authors as the most important information source of a
nation. Widening and diversifying the scope of application of financial accounting information has
been generated by modernization and restructuring of economy and society development as a whole. In
these circumstances, accounting is very important. Establishing decision based on a real information,
pertinent, relevant, timely, providing a performance management, management of the current situation,
with many phenomena of crisis. Accounting involves the collection is based on a real conceptual
system, which means that the entire accounting system is based on a set of objectives, postulates,
principles, rules and regulations. But accounting field observation is limited, while the sides are
excluded because of quality, environmental or human recorded facts. To the extent that different
objects are placed in different areas, differentiation between real and ideal is only formal.


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