Conceptual Boundaries regarding the Inventory Process in the Accounting System of the Republic of Moldova

Authors

  • Nicu Sargu Academy of Economic Studies of Moldova University
  • Tatiana Chira universitatea Stefan cel Mare din Suceava

Keywords:

information system; economic decisions; objective information; tax service; state bodies

Abstract

This paper represents a theoretical approach of the role, importance, legality and methodology of the inventory process within the entity. The study of the topic in question is important because the results of the inventory provide information related to the existence and movement of the entity's obligations to third parties for which the entity must provide a benefit or equivalent. Accounting is an information system used to quantify, process and transmit useful information for economic decision making. In the current conditions, it provides with objective and truthful information exposed in the Financial Statements, being accessible to all user groups, such as owners and employees, shareholders, creditors and investors, the tax service and other state bodies, etc.

Author Biography

Nicu Sargu, Academy of Economic Studies of Moldova University

PhD student

References

Fiscal Code no. 1163-XIII of April 24, 1997. In: Official Gazette of the Republic of Moldova no. 62/522 of September 18, 1997, with subsequent amendments;

Law on accounting and financial reporting, no. 287 of December 15, 2017. In: Official Gazette of the Republic of Moldova no. 1-6 from 05.01.2018

The general plan of accounting accounts approved by the Order of the Ministry of Finance no. 119 of 06.08.2013. In: Official Gazette of the Republic of Moldova. no.177-181 of 16.08.2013;

Regulation on inventory No. 60 of 29.05.2012. In: Official Gazette of the Republic of Moldova no. 166-169 of 10.08.2012;

The National Accounting Standard "Expenditures" entered into force on 01.01.2014 approved by the Order of the Ministry of Finance No. 118 from 06.08.2013. In: The official monitor of the Republic of Moldova. no.177-181 of 16.08.2013;

The National Accounting Standard “Receivables and financial investments” entered into force on 01.01.2014 approved by the Order of the Ministry of Finance No. 118 from 06.08.2013. In: The official monitor of the Republic of Moldova. no.177-181 of 16.08.2013

The National Accounting Standard "Accounting policies, changes in accounting estimates, errors and subsequent events" entered into force on 01.01.2014 approved by Order of the Ministry of Finance No. 118 from 06.08.2013. In: The official monitor of the Republic of Moldova. no.177-181 of 16.08.2013

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Following the inventory, surpluses and shortcomings were detected. How is it reflected? The periodical publication “FISC.MD Fiscal Monitor”, number 18 of 07.2016 [Online]. Available: https://monitorul.fisc.md/practice_accounts/in-urma-inventarierii-au-fost-depistate-surplusuri-si-neajunsuri-cum-se-reflecta.html

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Published

2022-08-31

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Articles