Assessment of tangible assets accounting in the public sector of the Republic of Moldova in accordance with International Standards

Abstract

Currently, the tangible assets accounting is one of the most actual issues for public sector entities in both in accordance with Moldovan and International Public Sector Accounting Standards (IPSAS). The research metodology is based on the analysis of national accountint treatment and IPSAS 17 PROPERTY, PLANT, AND EQUIPMENT to select convergences and divergences related to tangible assets accounting. In this way, are discussed the new accounting rules (like depreciation, impairment and revaluation model) of IPSAS 17 that should be selected and implemented upon approval of the National Public Sector Accounting Standards in Republic of Moldova. Also, in the paper are presented some proposals both for the national accounting and for the international standards. JEL: M41.