Contabilitatea provizioanelor: abordări naționale și internaționale

Abstract

During the entrepreneurial activity any entity can bear unforeseen expenses, generated by multiple risks that they face every day. Provisions can be made to cover them, but few local entities use this method. Studying the provisions of the normative acts and the works of the specialists, the author of this article carried out a comparative analysis of the general rules for recognition, evaluation, calculation and accounting of provisions at national and international levels. Their constitution ensures compliance with the principle of prudence, according to which the entity’s debts and expenses cannot be undervalued, and its assets and revenues – overvalued, the correct calculation of the net profit (net loss) of the current reporting period, as well as the result per share in case of joint stock companies, matching of revenues and expenses per reporting periods, and at the same time eliminates cases of artificial increase of dividends. The author thinks that the necessity of constitution of provisions must be determined by each entity independently, based on its informational needs, the characteristics of its activity and the probability of occurrence of unforeseen expenses in the following reporting periods. JEL: M 41