Concerns regarding expenses accounting

Abstract

This Article considers some concerns related to expenses accounting, which mainly refer to the following: expenses accounting related to unfavourable value adjustments on long-term and current financial investments; highlighting the interest expenses of related parties in the composition of interest expenses; the composition of certain groups of expenses; the presentation of the information about expenses in financial statements. These concerns stem from the amendments brought to the National Accounting Standards (NAS) and to the Chart of Accounts, developed based on Directive 2013/34/EU and the Financial Reporting Framework and enacted on 1 January 2020. From that date onwards, the Moldovan entities shall prepare their Profit and Loss Statements as per the layout provided in Annex IV to Directive 2013/34/EU. JEL: M-41.