Organization of Accounting and Financial Reporting of an Enterprise in the Republic of Moldova in Accordance with National Accounting Standards

Abstract

The article looks at how accounting and financial reporting are set up at enterprises in the Republic of Moldova, following national accounting standards. It describes the main parts of the accounting system which include double-entry bookkeeping and the chart of accounts and accounting policies and required financial statements and explains how they are used in practice. It outlines the legislative and regulatory framework which includes Law No. 287/2017 on Accounting and Financial Reporting and national standards. A practical example from a model enterprise shows how these standards apply to inventory valuation and asset depreciation and financial statements and other accounting activities. The conclusions stress the need for a well-organized accounting system to provide reliable financial information and support effective enterprise management. There are also suggestions for improving accounting policies and disclosures about foreign currency transactions and loans and provisions. CZU: [657.1+657.375] (478); JEL: M41, M48, P20