Some aspects of the organization of accounting in financial institutions in the conditions of IFRS implementation

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Ada Ștahovschi
Olesea Bucuci

Abstract

According to the Law on Accounting, public institutions in Moldova, including financial institutions since 1 January 2012 have moved to International Financial Reporting Standards (IFRS). Accounting reform of financial institutions - Bank lending in Moldova led to a series of changes in the accounting organization of commercial banking operations. The first step in this direction was the implementation of changes in the accounting chart of accounts in banks. Implementing IFRS in the Moldovan banking system will contribute to a greater transparency in financial reporting to a better understanding of the financial position and of results of the economic entities. By the accounting law the entities with public interest and the commercial banks must apply the IFRS for financial reporting elaboration, and accounting organization.


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Ștahovschi, A., & Bucuci, O. (2023). Some aspects of the organization of accounting in financial institutions in the conditions of IFRS implementation. Scientific Collection «InterConf», (140), 74–77. Retrieved from https://archive.interconf.center/index.php/conference-proceeding/article/view/2156

References

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Ștahovschi A. The peculiarities of the development of contemporary banking systems. The international scientific conference "Progress in the theory of economic decisions under conditions of risk and uncertainty". Romanian Academy, Iaşi branch, Institute of Economic and Social Research "Gh. Zane" Iasi, 12.10.2018. PERFORMANTICA Typography, Iasi, p.175 - 181. ISBN 978-606-685-609-6.