Nowadays, in accounting, the study of the past and of the national specific features is conducted within two disciplines: Accounting History and Comparative Accounting. Through the phenomenon of hybridization, these two dimensions have resulted in a new research area: the historical and the current comparative approach of accounting. The necessity of such a research area has been expressed by Walton (1995) as it follows:“starting from a fundamental position that the ensemble of accounting practices and regulations in any of the countries at any given time are not representative of the present but are rather an accumulation of past decisions which have been modified in response to many different stimuli over a span of time, it follows that anyone wishing to study the current state of financial reporting in a particular country needs to be able to examine how the regulations have developed historically”. Starting from this premise, the authors have attempted to capture particular aspects of Romanian accounting.