Standardele Internaţionale de Raportare Financiară (IFRS) – bazele conceptuale şi aplicarea acestora în practica entităţilor autohtone

Abstract

Switching to the accounts in accordance with International Financial Reporting Standards (IFRS) by entities in Moldova is dictated by the need to respond to the global economy and business communication. Application of international accounting standards certainly offers a number of advantages for entities in the RM. The main advantage of the application of these accounting rules is the possibility of strengthening the international financial statements for multinational companies and increase the confidence of potential foreign investors. IFRS are essential for safe and efficient operation of national and international markets and provides greater transparency and comparability in financial reporting. Also, IFRS have a major contribution to a better understanding of the financial position and performance of reporting entities, and thus increase access to international financial markets entities.