The purpose of this paper is to present a personal vision on some general issues concerning the application of IFRS by companies from Romania. Our references consider the objective, the role and importance of IFRS adoption, as well as the advantages and disadvantages of their application. Applying IFRS also in Romania emerged from the need to ensure conformity of national accounting rules with EU regulations. IFRS adoption by the Romanian companies has lead to access to international capital markets, has helped to reduce running costs and to an efficient and easy international transactions. Applying IFRS allowed and will allow companies to relate to other similar companies in the world, investors and other interested users to compare the company’s performance with competitors globally. Through this article I sought to point out some theoretical aspects concerning the role and importance of the application of IFRS by companies in Romania. I intended that the article’s results and the individual research to be achieved in an easy-come, structured document so as to constitute a means of informing regarding the general vision on the application of IFRS.
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