Fiscal and accounting policies on the income taxes. Conciliation between accounting and taxation at the company's level

• Author: Anton C.E.
• Pages: 245-252

Bulletin of the Transilvania University of Braşov

Series V: Economic Sciences • Vol. 8 (57) No. 2 - 2015

Fiscal and accounting policies on the income taxes.

Conciliation between accounting and taxation at

the company’s level

Carmen Elena ANTON1

Abstract: In order to develop commercial relations, the harmonization of the tax system

with the accountancy of the company is oriented towards the elaboration of accounting

policies pursuing he interest of the management to enforce the development strategies and

sending the necessary information to the shareholders in order to underlie the economic

decisions. The purpose of this paper is to highlight the relation accounting – taxation and the

tendency in the approach of this relation showed by the managers of the companies from the

point of view of income tax. The research methods took into consideration qualitative

methods. The reading and systematization of the specialty literature enabled an overview of

the accounting – taxation and shaped an action direction for the harmonization process

intensification at the company’s level.

Key-words: accounting and fiscal policies, accounting – taxation conciliation, income tax,

company

1. Introduction

The accounting and tax policies are the expression of the information needs of

management, as the basis of the economic decision substantiation in different

economic contexts. Viewed as a way of management and control of the economic

operations, they offer credibility in sending the necessary information to the

shareholders in order to adopt the decisions (Petre 2010, 12). The accounting

policies adopted by the company must comply with the economic legislation as well

as legislation in general. This is how the accounting and the tax policy are put

together as an approach of the local and central authority, mainly as a source of the

tax incomes of the state and economic arm in the process of economic growth.

While accounting aims at setting the bases for calculation of taxes, taxation

has the burden to establish rules to adapt better accounting functions

(Baba 2013, 534).

1 Transilvania University of Braşov, carmen.anton@unitbv.ro