Accounting competencies and the changing role of accountants in emerging economies: The Case of Romania

Albu, Cătălin Nicolae, Albu, Nadia, Faff, Robert and Hodgson, Allan (2011) Accounting competencies and the changing role of accountants in emerging economies: The Case of Romania. Accounting in Europe, 8 2: 155-184.


Author Albu, Cătălin Nicolae
Albu, Nadia
Faff, Robert
Hodgson, Allan
Title Accounting competencies and the changing role of accountants in emerging economies: The Case of Romania
Language of Title eng
Journal name Accounting in Europe  (ERA 2012 Listed)    (ERA 2010 Rank B)   Check publisher's open access policy
Language of Journal Name eng
Publication date 2011
Sub-type Article
DOI 10.1080/17449480.2011.621395
Volume number 8
Issue number 2
ISSN 1744-9480; 1744-9499
Start page 155
End page 184
Total pages 30
Place of publication Abingdon, United Kingdom
Publisher Routledge
Collection year 2012
Language eng
Abstract Over a recent short period, a number of interventions potentially helped move the Romanian accounting system away from being a tool simply used to support a planned economy. They include harmonization with the European Directives, the introduction of International Financial Reporting Standards (IFRS) and an increased move towards modern information technologies such as Enterprise Resource Planning (ERP) software. In this study, we directly explore these influences by applying job-offer analysis as a reflection of the current and future demand for accounting competencies. We first document current competencies expected from accountants in Romanian businesses and then assess the intervention impact on financial and management accountants. We hypothesize external influences would move Romanian accountants away from the traditional separate specialized positions towards more hybrid accounting positions, such as that adopted in the UK. Whilst our analysis supports a degree of transition with alignment to recent global trends, it also reveals some intransigence in the sense that management and financial accounting positions still tend to retain attributes associated with the two-cycle accounting system. Our findings have implications for harmonization issues and accounting education in Romania.
Q-Index Code C1
Q-Index Status Confirmed Code
Institutional Status UQ

Document type: Journal Article
Sub-type: Article
Collections: Official 2012 Collection
UQ Business School Publications
 
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Created: Mon, 12 Mar 2012, 12:11:37 EST by Karen Morgan on behalf of UQ Business School