Accounting Situation of Public Institutions under the Conditions of the European Course

Abstract

The methodical-scientific approach of this paper is concretized in the analysis of the main elements that may undergo changes in the process of accession of the Republic of Moldova (RM) to the European Union structures. The normative regulation of accounting of public institutions is the benchmark to be adjusted according to the new requirements of international and national bodies, but not least, the new requirements of financial-accounting information requested, in particular, by external users. At the same time, the importance and influence of the European budgetary process in the organization of accounting cannot be neglected in relation to: commitment, liquidation, authorization and payment of expenditure of public institutions. Another important aspect concerns the implementation in the Republic of Moldova of the European System of National Accounts, which must comply with the worldwide methodology of national accounting. Its role is to prepare the necessary information for reporting to various European bodies and in particular to the European Commission (Eurostat). Another problem concerns the need to change the ideology regarding the national plan of accounting accounts in public institutions. Currently, the existing plan is drawn up in strict accordance with the economic budget classification, but because the content and structure of this classification is based on principles of a different nature from the accounting principles, it creates a number of problems for accountants. In this regard, we consider important the need to review it and make changes in which accounting principles prevail. Internal managerial control is another area that needs to be reviewed and updated in line with the new EU requirements and in line with national realities. UDC: [657.37:334.012.33](478):061.1EU; JEL: M41.