Romania’s Circular Economy Strategy, Challenges for the Accountancy Profession

Climate change, the need to adopt a sustainable lifestyle, social responsibility are no longer matters that can be ignored by a company. Each of us must contribute to the transition to a circular economy. In order to reconsider production and consumption models, we should know the significant impact...

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Main Authors: Elena STĂNCIULESCU, Mihai VUȚĂ, Maria Teodora VUȚĂ
Format: Article
Language:English
Published: The Body of Expert and Licensed Accountants of Romania 2024-11-01
Series:CECCAR Business Review
Subjects:
Online Access: https://www.ceccarbusinessreview.ro/romanias-circular-economy-strategy-challenges-for-the-accountancy-profession-a425d/download-PDF/
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author Elena STĂNCIULESCU
Mihai VUȚĂ
Maria Teodora VUȚĂ
author_facet Elena STĂNCIULESCU
Mihai VUȚĂ
Maria Teodora VUȚĂ
author_sort Elena STĂNCIULESCU
collection DOAJ
description Climate change, the need to adopt a sustainable lifestyle, social responsibility are no longer matters that can be ignored by a company. Each of us must contribute to the transition to a circular economy. In order to reconsider production and consumption models, we should know the significant impact that the main economic sectors of Romania have on the environment. Circular thinking has implications on the application of accounting and financial principles, so that professional accountants should be able to evaluate decisions beyond the financial value generated by financial statements.
format Article
id doaj-art-6ec4290af8d5429e9365dfc2eafecb71
institution DOAJ
issn 2668-8921
language English
publishDate 2024-11-01
publisher The Body of Expert and Licensed Accountants of Romania
record_format Article
series CECCAR Business Review
spelling doaj-art-6ec4290af8d5429e9365dfc2eafecb712025-08-20T02:50:55ZengThe Body of Expert and Licensed Accountants of RomaniaCECCAR Business Review2668-89212024-11-01510182710.37945/cbr.2024.10.0326688921Romania’s Circular Economy Strategy, Challenges for the Accountancy ProfessionElena STĂNCIULESCU0Mihai VUȚĂ1Maria Teodora VUȚĂ2BucharestBucharest University of Economic StudiesBucharest University of Economic StudiesClimate change, the need to adopt a sustainable lifestyle, social responsibility are no longer matters that can be ignored by a company. Each of us must contribute to the transition to a circular economy. In order to reconsider production and consumption models, we should know the significant impact that the main economic sectors of Romania have on the environment. Circular thinking has implications on the application of accounting and financial principles, so that professional accountants should be able to evaluate decisions beyond the financial value generated by financial statements. https://www.ceccarbusinessreview.ro/romanias-circular-economy-strategy-challenges-for-the-accountancy-profession-a425d/download-PDF/ circular economyenvironmentprofessional accountantdigitalisation
spellingShingle Elena STĂNCIULESCU
Mihai VUȚĂ
Maria Teodora VUȚĂ
Romania’s Circular Economy Strategy, Challenges for the Accountancy Profession
CECCAR Business Review
circular economy
environment
professional accountant
digitalisation
title Romania’s Circular Economy Strategy, Challenges for the Accountancy Profession
title_full Romania’s Circular Economy Strategy, Challenges for the Accountancy Profession
title_fullStr Romania’s Circular Economy Strategy, Challenges for the Accountancy Profession
title_full_unstemmed Romania’s Circular Economy Strategy, Challenges for the Accountancy Profession
title_short Romania’s Circular Economy Strategy, Challenges for the Accountancy Profession
title_sort romania s circular economy strategy challenges for the accountancy profession
topic circular economy
environment
professional accountant
digitalisation
url https://www.ceccarbusinessreview.ro/romanias-circular-economy-strategy-challenges-for-the-accountancy-profession-a425d/download-PDF/
work_keys_str_mv AT elenastanciulescu romaniascirculareconomystrategychallengesfortheaccountancyprofession
AT mihaivuta romaniascirculareconomystrategychallengesfortheaccountancyprofession
AT mariateodoravuta romaniascirculareconomystrategychallengesfortheaccountancyprofession