The expansion of both the international economic relations and the cross-border capital movements demands for the accounting systems to ensure comparable pieces of information among the countries from the world, through summary financial statements (balance sheet, profit and loss account, cash flow and equity changes’ statement and explanatory notes). Implementing IFRS within the Romanian banking system has generated real challenges in terms of

Since 1991, the reform initiated for the Romanian banking accounting hasn’t stopped. It’s a corollary of harmonization, convergence and normalization processes, being present by the taking over of normative acts, which have as purpose the compliance of the Romanian accounting system to IAS. The year 2012th is supposed to generate great changes in the accounting policies adopted by Romanian banks, in such a way that the last will have to apply