Adriana Balaj

Certified Accountant · Tax Consultant · Chief Accountant

A benchmark professional of Romanian accountancy, Mrs Cesarina Adriana Balaj brings together more than four decades of experience in accounting, taxation and financial management — a CECCAR certified accountant since 1996 and a CCF certified tax consultant since 2007. Since 2006 she has been the Chief Accountant of Alexandru, Andreas și Asociații — Lawyers and Certified Accountants, where she leads the firm’s accounting division and coordinates its accounting expertise work, providing clients with integrated financial, accounting and tax solutions.

Her career was built on the solid foundation of a quarter-century in the financial and accounting structures of the Romanian railway system, where she climbed every rung — from economist to regional chief accountant — leading financial departments with budgets and assets of industrial scale. Four decades of accounting mean something no diploma can replace: she has already seen, at least once, nearly every situation a balance sheet can raise — and the firm’s clients benefit from that professional memory every time an “unprecedented” situation finds, with her, its precedent.

What she offers the firm’s clients

• Leadership of clients’ accounting — heading the firm’s accounting division: complete bookkeeping, annual financial statements and periodic reporting, maintained to the standard of rigour of a certified accountant with four decades of practice.
• Accounting expert work — expert reports drawn up with the authority of a CECCAR qualification held since 1996, in support of management decisions and the firm’s undertakings.
• Applied tax advisory — tax compliance, returns and current obligations, the correct interpretation and application of the Fiscal Code and the Fiscal Procedure Code, with the dual perspective of certified accountant and tax consultant.
• European funds and financing — a rare hands-on expertise, accumulated since 2002 in implementation teams for projects financed from reimbursable and non-reimbursable funds: accessing, using, controlling and recovering financing, including European funds.
• Financial-accounting management — organising and disciplining clients’ finance functions: internal procedures, fixed-asset and inventory records, reporting flows — competencies forged in leading the financial departments of industrial-scale structures.
• National and IFRS reporting — financial statements compliant with Romanian accounting regulations and international reporting standards, kept permanently current through continuing professional education.
• Economic and financial analyses — analyses and supporting statements for clients’ decisions, built on verified figures and a deep understanding of the economic reality behind them.
• The rigour of a double professional membership — annual participation in the continuing professional development programmes of CECCAR and the CCF, the guarantee that the firm’s practice stays aligned with every legislative and doctrinal change.

Professional path

Chief Accountant

Alexandru, Andreas și Asociații — Lawyers and Certified Accountants · Timișoara · 2006 – present

Leadership of the firm’s accounting division and coordination of its accounting expertise work; integrated financial, accounting and tax solutions for the firm’s clients; participation in European-funded project teams.

Chief Accountant — CN CFR, Timișoara Regional Railway Division

2002 – 2006

Leadership of the regional division’s financial and accounting activity; from 2002, participation in numerous implementation teams for projects financed from reimbursable and non-reimbursable funds.

Head of Fixed Assets and Inventory Accounting — Railway Management Company (SMF SA)

Timișoara

Leadership of the accounting records for fixed assets and inventories of an industrial-scale patrimony.

Head of the Financial-Accounting Department — SN CFR, Freight Division

Timișoara

Leadership of the freight division’s financial and accounting department.

Economist — CFR Timișoara Regional Division

from 1977

The start of her career within the financial and accounting structures of the Romanian railway system.

Qualifications and professional memberships

• Certified Accountant — member of the Body of Expert and Licensed Accountants of Romania (CECCAR), since 1996;
• Certified Tax Consultant — member of the Romanian Chamber of Tax Consultants (CCF), since 2007.

Continuing professional education

She takes part every year in the continuing professional development programmes of CECCAR and the CCF, having completed in recent years specialisation courses on topics such as:

• taxation and updates to the Fiscal Code and the Fiscal Procedure Code;
• financial accounting and reporting under national regulations and international standards (IFRS);
• accounting expert reports — Professional Standard no. 35;
• accessing, using, controlling and recovering European funds;
• accounting treatments and tax implications in the digital era;
• doctrine and ethics of the accounting profession.

Education

Graduate of the Faculty of Economic Sciences of the University of Timișoara (class of 1983) and of the “Grigore Moisil” Informatics High School in Timișoara.

Languages

• Romanian — native
• English — intermediate
• French — intermediate
• Italian — intermediate

Contact

Alexandru, Andreas și Asociații — Lawyers and Certified Accountants
Calea Aradului nr. 8, 5th floor, 300008 Timișoara, Romania
Phone: +40 356 111 555