DOI: 10.1177/10323732231205357 ISSN: 1032-3732

The contribution of Grigore L. Trancu-Iasi to the evolution of accounting theory, practice and profession in Romania

Adalberto Rangone, Liliana Ionescu-Feleaga, Mariana Bunea, Massimo Sargiacomo
  • History
  • Accounting

This article seeks to portray Grigore Trancu-Iasi (1874–1940) as a versatile figure in academic, professional and political fields. It shows the fundamental role played by Trancu-Iasi as a key actor in the evolution of accounting theory, practice and profession in Romania in the context of accounting knowledge transfer from the different Italian schools of thought to Romania. The analysis highlights not only his contribution to the dissemination of doctrines on bankruptcy, double-entry bookkeeping and the functioning of the azienda (firm) but also his pivotal role in the synthesis of the various Italian schools of thought, which were conflicting at the time. Trancu-Iasi translated and adapted bankruptcy studies carried out by Italian scholars from different schools of thought. For instance, he referred to the study of the logismographic method Tuscan School and the subsequent asset-centred accounting system promoted by the Venetian School, and the studies on the azienda presented by different Italian schools. Therefore, in this article, Trancu-Iasi emerges as an outstanding interpreter of the new trends in Italian accounting theory and of the needs of an entire professional group in Romania.

More from our Archive