The influence of accounting system regarding accounting and taxation of entities

Accounting and taxation in Romania at the beginning of the third millennium are in continuous development, as a result of globalization of the world economy and of connecting the accounting and tax system to the international and European one. The confluence of the two representative cultures ­ Anglo-Saxon and Latin-European ­ has left a strong mark on the Romanian accounting and taxation. The International Financial Reporting Standards (IFRS) and the European Directives set the line to follow for both the Romanian accounting and the Romanian taxation. We get to ask whether Romania has still got its own strategies of economic, social and cultural development or we are part of a system of strategies where accounting is also included? Key words: accounting system, tax system, tax planning, harmonisation, convergence, globalisation J.E.L. CODES: M40, M41 Introduction The beginning of the third millennium represented for the Romanian accounting a comprehensive process of adapting to new requirements imposed by the European and international economic and financial globalization worldwide. Thus, accounting has become an articulated system of principles, policies, methods and treatments through which economic and financial information is processed to be useful both for internal and external users. Historical and cultural traditions and not at last usages generated several accounting systems of which the most relevant ones at the international level are: the continental (Latin-European) system and the Anglo-Saxon system. Journal of legal studies Volume 17 Issue 31/2016 ISSN 2457-9017; ISSN-L 2392-7054. Web: publicatii.uvvg.ro/index.php/jls. Pages 58 - 63 The continental accounting system corresponds to the Latin European culture being promoted by countries such as France, Germany, Italy, Romania etc. It is based on the European directives in this field (currently the Directive 2013/34 / EU of the European Parliament and of the Council on the annual financial...